Australian bank tells customers to withdraw funds immediately before it closes this week
An Australian digital bank has collapsed and advised 6,000 customers to withdraw their money before it stops doing business this week.
“Customers need to transfer the balances held in all Volt accounts to a nominated bank account with another financial institution before the 5th of July 2022, Tuesday,” Volt Bank’s website said.
The neobank’s eight board members, including former HSBC Australia Chief Graham Bradley, voted to close the virtual doors because it had failed to raise enough funds to support its plans to write mortgages. Volt will leave its 140 North Sydney headquarters employees without a job.
Neobanks or challenger banks are financial technology (fintech) firms that offer apps, software and other technologies to streamline mobile and online banking. In January 2019, Volt became the first local stand-alone digital bank to secure a full banking license from the Australian Prudential Regulation Authority.
“All interest has been accrued to your account up to the 29th of June 2022 when the interest rate was changed to zero. This interest will be paid to your Volt account on the 29th of June 2022 except for the Save and Spend accounts which will be paid on the 1st of July 2022,” the bank said in a statement.
Vol Bank founder and CEO Steve Weston told Banking Day that he feels gutted for the team and customers who have supported the business.
“We’ve built something as a team that Australia really needs to bring banking competition to the market. We’ve got technology and capability that simply doesn’t exist in Australia today,” he said.
He added that the company was able to crunch the mortgage approval process to a matter of hours and minutes. He pointed out that to commercialize that platform, “it is needed to have a lot more capital that they weren’t able to get.”
Volt tried to raise $200 million in investor funding through a “Series F” round launched in February. But due to the current stalling of worldwide economies, investors began backing out due to uncertain financial markets.
The bank reportedly has more than $100 million in deposits. To ease the transition of money to a different bank account quickly, it increased the daily transfer limits to $250,000.
Financial safety regulator Australian Prudential Regulation Authority assured the public that it will closely monitor the process so that funds are returned to the bank’s customers in an orderly and timely manner.
Melbourne-based fintech Maslow founder Kane Jackson is concerned about the fallout for fintechs, given the quality of the bank’s management and staff.
“It costs a bank a lot to implement a strategic pivot and deviating from your original strategy means losing that first action strength. In the current environment, investors seem to be saying there’s no room to test an alternative strategy,” Jackson said. (Related: The next Great Depression begins: Bank run in China being ignored by Western media could be precursor to massive economic collapse.)
Australian firms collapsing post-pandemic
The neobank currently joined a long list of companies that slumped due to the current global crises. The Australian government used to provide stimulus packages and low-interest rates, but these are no longer available.
Another challenger firm, Xinja, closed down in December 2020, citing the pandemic as the reason why it is not able to attract new investors.
A start-up called Send, which delivers groceries in under 10 minutes across Melbourne and Sydney, went into liquidation at the end of June, leaving 300 jobs at risk. An administrator’s report found the company had spent a glaring $11 million in just eight months.
Australian construction companies have also stopped operation this year, including Gold Coast-based Condev and Probuild.
Last week, Fin Tech Boomer reported that Melbourne-based Snowdon Developments is on the brink of collapse. Sources revealed that the employees have not been adequately paid since October and half of them resigned already. Creditors, who have been chasing the company for $2.5 million, are demanding the Supreme Court of Victoria to force the company to go into liquidation “on the grounds of insolvency.”
Visit Collapse.news for more news related to the collapse of businesses worldwide.
Watch the below video that talks about the banking collapse.
(Article by Belle Carter republished from Citizens.news)
Exposed: Hollywood Elite’s Adrenochrome Rituals Revealed on French TV – Media Blackout
A man with close links to the political and entertainment industry elite dropped a series of truth bombs on French TV this week, naming and shaming multiple celebrities for using adrenochrome as part of depraved occult rituals to get high and stay young.
Gérard Fauré is well-known in France due to his previous career as drug dealer to the stars. Because there are few secrets of the elite Fauré does not know about, he’s a regular guest on TV shows including Touche Pas à Mon Poste, the highly popular show that invited him on this week to discuss Pierre Palmade, a comedian who was involved in a scandalous car crash involving rent boys, enormous doses of cocaine, pedophilic material, and the death of a pregnant woman’s unborn child.
In other words, Palmade was involved in typical occult elite degeneracy.
But the producers of the show got more than they bargained for when Fauré decided to reveal the truth about the degenerate rituals of far more famous names than just Pierre Palmade. Here is the moment Fauré mentions adrenochrome, to the shock and horror of the other panelists.
Another guest (who seemed less outraged than the others) stated that the adrenochrome “conspiracy theory” is rather plausible. She explained that the substance is extracted from children’s blood and is consumed by rich and powerful people to remain youthful.
Fauré claimed that several celebrities consume adrenochrome on a regular basis and named Celine Dion as a prime example. In recent months, Fauré stated that Dion’s mysterious degenerative illness was due to her abusive consumption of adrenochrome.
When asked by an incredulous guest where these sacrificed children come from, Fauré answered that they’re mainly kidnapped. He stated that over 58,000 children are kidnapped in France every year and that only two-thirds are found. He then asked: Where is the remaining third?
Later, Fauré stated that he testified in a case where a woman was looking to sell her daughter to an adrenochrome lab in Dijon. Seemingly on a roll, he added that Yves St-Laurent and other people in the fashion industry were pedo criminals.
When Fauré mentioned the names of France’s President Emmanuel Macron and his 69-year-old wife Brigitte, the interview was suddenly cut short. One can only wonder what he was about to reveal.
It’s not just in France where brave insiders are beginning to come forward and shed light on the depraved secrets of the occult elite.
Hollywood actor Jim Caviezel, who played the role of Jesus in Mel Gibson’s epic Passion of the Christ, has also gone on record admitting that children are being kidnapped and trafficked by Hollywood elites.
Caviezel appeared at the Clay Clark’s Health and Freedom Conference near Tulsa, Oklahoma in November and addressed the issue of child trafficking in Hollywood, revealing that the entertainment industry elite are “raping and murdering” children for adrenochrome.
According to Caviezel, who was promoting new movie Sound of Freedom, Hollywood elites are addicted to adrenochrome and “gut kids alive” to get their fix of the drug which is released as a chemical in the body of terrified children.
Sound of Freedom tells the story of Tim Ballard, a former CIA operative, who quits his job as a Special Agent with Homeland Security Investigations (HSI).
Caviezel also revealed that Tim Ballard, the author who he portrays in the film, is “down there saving children as we speak, because they’re pulling kids out of the darkest recesses of hell right now, in dumps and all kinds of places. The adrenochroming of children, look…”
Caviezal is a Hollywood veteran, with leading roles in blockbuster films including Pay It Forward, The Thin Red Line, the Count of Monte Cristo, and Frequency. The man clearly knows his way around Hollywood, which is why it is so impressive that he is coming forward and risking his career – and even his life – to expose the evil at the top of the industry.
It’s not the first time Caviezel has exposed the horror of child trafficking by Hollywood elite, describing it as “the worst horror I have ever seen.”
“Essentially, you have adrenaline in your body and when you are scared you produce adrenaline. If you are an athlete in the fourth quarter, you have adrenaline that comes out of you. If a child knows he is going to die, his body will secrete this adrenaline and they have a lot of terms they use, but umm… It’s the worst horror I’ve ever seen. It’s screaming alone, even if I never saw it. These people that do it, there will be no mercy for them.”
Jim Caviezal not the only one who is coming forward and exposing the elites. Mel Gibson, who directed Caviezal in The Passion of the Christ, has also gone on record denouncing Hollywood as a “den of parasites” who “feast on the blood of kids.”
During a “controversial” appearance on the Graham Norton Show on the BBC in 2017, Gibson educated shocked guests about the real nature of Hollywood elites in the green room backstage after his appearance.
Hollywood studios are “drenched in the blood of innocent children” according to Mel Gibson who claimed the consumption of “baby blood is so popular in Hollywood that it basically operates as a currency of its own.”
Hollywood elites are an “enemy of mankind continually acting contrary to our best interests” and “breaking every God given taboo known to man, including the sanctity of children,” Gibson continued.
“It’s an open secret in Hollywood,” he said. These people have their own religious and spiritual teachings and their own social and moral frameworks. They have their sacred texts – they are sick, believe me – and they couldn’t be more at odds with what America stands for.”
The mainstream media quickly pounced on Gibson’s revelations, deployed fact checkers including Snopes to declare the comments fake news, and proceeded to delete every video and article from the internet. In short, the mainstream media memory-holed them. Mel Gibson’s voice was silenced.
A celebrity cannot speak out against the system without being silenced and punished. Gibson’s career has not been the same since.
That’s why it’s so important as many people as possible get to hear Jim Caviezal’s words before the mainstream media cancel him and destroy the evidence.
We have seen it happen so many times before. In recent times, Nicole Kidman and Lindsay Lohan also spoke out about pedophilia in Hollywood, before backtracking, attempting to cover their tracks, and pretending they never said what they did. Lohan and Kidman understand the nature of the consequences for those who bite the hand that feeds them.
Close friends of Chris Cornell, Chester Bennington, Coolio and Anne Heche have come forward with remarkably similar stories, revealing the stars were working on exposing the pedophile ring at the heart of the music industry – and it cost them their lives.
These are dark times and bravery is required to live with eyes wide open.
It’s vital that Jim Caviezel’s revelations about pedophilia among the elite is heard by as many people as possible before mainstream media and the tech giants censor and silence him, as they did to his friend and mentor Mel Gibson.
No doubt the fact checkers are planning to delete his words from the internet and declare them fake news. That’s how they continue to keep the majority in the dark about the nature of the globalist elite who control the media and entertainment industries.
(Article by Baxter Dmitry republished from newspunch.com)
28 girls pass out in Colombia after playing with Ouija board
A group of 28 schoolgirls were recently taken to a Columbia hospital after they passed out under very strange circumstances. It is indicated that this happened during a lesson at the Galeras educational institution in Pasto in the south of the country.
Information about the diagnoses of the students was not disclosed, however, many parents blame the Ouija boards, with which the schoolgirls allegedly had fun shortly before losing consciousness.
Ouija boards were created in the US in 1886 as a form of entertainment, but quickly became an integral part of the occult. It is believed that spirits can communicate with the world of the living through the Ouija board.
The girls reportedly had panic attacks and other strange symptoms before they passed out and were hospitalized.
The head of the school, Hugo Torres, meanwhile, asks people not to panic and not spread unverified information: “There were 28 possible cases of anxiety in school students.
“Given the reported cases, a series of comments were unleashed on the community that, rather than helping to resolve the situation, led to confusion and an adverse environment for our work.
“The students were referred to the local municipal hospital according to protocols in place. Directors and teachers accompanied the students during the evaluation process.
“The respective parents and/or guardians were informed of the situation at the time.”
The school is now awaiting medical reports before providing an update on the incident. One mother who works at the hospital said she saw three or four children arrive here after fainting.
She said: “Parents, you have to move, investigate what’s happening at school because our children cannot continue in this situation. Our children always have a good breakfast and it cannot be said that what’s happening is due to lack of food.”
It is curious that in November 2022, in the same Colombia, a similar case also occurred with schoolchildren who lost consciousness after playing with the Ouija board.
Then 5 teenagers were taken to the hospital, but in total there were 11 people aged 13 to 17 who were injured. They were found lying unconscious in the school corridor.
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