The Citizens Electoral Council of Australia is a political group, which derives its policies and political philosophy from Lyndon La Rouche in the United States. It is often dismissed by the political establishment and supposedly alternative political figures as being extreme right wing and conspiracy theorist. However, many of their policies were once mainstream Labor positions and, if adopted, would be of enormous benefit to ordinary Australians: ending the scam of private banking, opposition to privatisation, opposition to war, as examples. However, they are seriously marred by their refusal to recognise the global ecological crisis and the problem of overpopulation,
Citizens Electoral Council
Call for the re-establishment of a true national bank
As we approach the centenary of the passage of the Commonwealth Bank Act in 1911, the Citizens Electoral Council plans to launch a fight to re-establish a true national bank that the (now privatised) Commonwealth bank once was. Its impressive achievements in financing Australia's economic development and war efforts3 of the early 20th century show what would be possible if such a bank were to be re-established today. In spite of candobetter's serious concerns about the CEC's hostility to environmentalism, we believe this proposal deserves your enthusiastic support.
See also: Cut Wall Street out! How states can finance their own economic recovery of 3 Nov 09 by Ellen Brown, How a state-owned bank could make Queensland asset fire sale unnecessary based on original article by Ellen Brown of 29 May 09.
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