Under our current Constitution, Part V – Powers of the Parliament, Section 51 (xii), it states that “The Parliament shall, subject to the Constitution, have power to make laws for the peace, order, and good government of the Commonwealth with respect to: (xii) currency, coinage, and legal tender; In 1927 the international banks forced the privatization of the Commonwealth Bank of Australia that was previously owned by the people of Australia. For a full account of how we lost the Commonwealth Bank, read The History of the Commonwealth Bank. As a result, the international bankers forced the government to introduce […]