A FOURTH-generation Nelson Bay resident and transport company owner has thrown his hat in the ring to contest the electorate of Paterson at the next federal election, standing for the Citizens Electoral Council.
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Peter Davis will run for the little-known party, standing on a platform of a return to a nationalised banking system, large infrastructure projects funded by a national credit bank and a move towards nuclear power.
"We've grown up under the expectation of the saying "as safe as a bank", that's the way we were brought up, but under the new system that's not the case," he said.
"We no longer own our money, we've actually become investors."
Mr Davis described the party's economic policy as "old Labor", but agreed it was also socially conservative, saying "drug culture" and the "rock'n'roll era" of the 1960s had "taken people's minds off the real issues in life".
The Citizens Electoral Council last ran a candidate in Paterson back in 2007, when Karuah mechanic Tony King polled 0.4 per cent of the vote.
The party is not without its detractors, particularly because of its links to American political activist Lyndon LaRouche.
LaRouche is a convicted fraudster known for left-of-centre conspiracy theories involving the British royal family and international drug trafficking.
The party also campaigns on opposing any sort of climate abatement scheme including a price on carbon and on its website describes global warming as a "fraud".