The Commonwealth of Australia parliament is required by The People to set up and run a bank which is an exact model the original 1914 Commonwealth Bank to finance the needs of The People of the Commonwealth of Australia, in order that it need not borrow money from private banks when it can create its own credit for the needs of The People of the Commonwealth.
A return to debt free credit created by the original 1914 Commonwealth Bank itself means no interest payments to only-for-profit greedy banks. Debt free credit created by the Commonwealth Bank run under binding legislation can be spent into the community by the government and need not be taxed out to repay to private bankers along with the extra interest required by them.
In other words if you earn money from government work such as construction of hospitals, roads, railways etc, it belongs to you.
This one simple Act by the Parliament of the Commonwealth of Australia would stop the ongoing, ever-increasing, exponential debt forced upon The People of the Commonwealth by ever-increasing borrowing at OUR expense, at interest, from private bankers when the Parliament, via the Commonwealth Bank can create the same money interest free and not be required to repay it to anybody and use a simple taxing process, like a 1% debit tax, to remove excess money from the economy to stop inflation, the initial cause of which is interest charged by bankers.
Interest is the initial cause of inflation because it is never borrowed in the first place and is not re-paid but simply paid. It is not in the interest of The People, and not for the peace, order and good government to impose never-ending, ever-increasing debt on The People.
We, the undersigned, Mandate that the Parliament of the Commonwealth of Australia immediately set up and run a bank, a model of the original 1914 Commonwealth Bank, wholly for the benefit of The People of the Commonwealth, to create its own credit for all fiscal needs of the Commonwealth of Australia Australia.
The Return to the original 1914 Commonwealth Bank petition to The Speaker of The House of Re-presentatives was written by Leonard Clampett and is in the category Government at GoPetition.