17 April 2009 Thought for the Week:
“Supporters of the League of Nations, (forerunner of the United Nations) are not at all animated by humanitarian motives. The well-meaning, if somewhat unthinking, majority want quite genuinely to make the world safe for mankind in general, it is true; but the cleverer minority who determine the policy of the League of Nations are more concerned about making it safe for International Finance: and this they hope to do by taking from the nations the capacity for effective resistance, and reducing them to a state of impotence… The League’s policy is a banker’s policy: the record of its activities proves that.
- - “An Outline of Social Credit” by H.M.M. 1929
“Global leaders took their biggest steps yet toward a new world order that’s less U.S.-centric with a more heavily regulated financial industry and a greater role for international institutions and emerging markets….
- - “G-20 Shapes New World Order With Lesser Role for U.S., Markets.” (Bloomberg) 3/4/2009
SO YOU THINK YOU CAN FINANCIALLY MANIPULATE?
by James Reed
At a time when the World Trade Organisation is warning that world trade will nose-dive 9 per cent this year and the IMF has stated that the global recession will be worse than an 0.5 to 1 per cent contraction, Obama has made Wall Street the 'saviours of the world (Wall St Villains Now Saviours The Australian 25/3/09, p.1). Obama has done the unbeatable dance moves for the global financial elite!
Yes world stocks 'surged after Obama put his baseball cap on back-to-front and changed his rap song from Wall Street fund managers are villains to Wall Street fund managers will be the 'saviours of Main Street. Obama 's scheme, one of the greatest cons ever pulled over the eyes of the American sheeple, is for the Wall Street fund managers to buy US$1 trillion of 'toxic assets, primarily US mortgages and primarily from minorities who were given housing loans which they had no chance of repaying.
Some white Republican mice have however, been carefully making tiny little squeaks that the big Obama 's US$3.6 trillion budget plan will send the US bankrupt. Although, when it suited him, Obama had slammed executives at the now tax-payer AIG, Obama 's tone is now:
Big Kev 09 McRudd, while over in Washington DC (dance capital) listened to a few dance tracks with Barack, was more cautious about the likely success of Obama 's scheme. There would need to be a similar mad scheme put in place in the UK and across Europe.
One of the signs of the times of America 's end of empire is the call by China 's central bank governor Zhou Xiaochuan, for a new currency to replace the US dollar as the world 's monetary standard. This was an early indication that up-and-coming powers such as China are not pleased with the global financial status quo where the US economy floated on because foreigners purchased their debt.
Panzer says about the fall of the American empire that 'For many Americans, the years ahead will be nothing short of a modern Dark Ages, where each day brings forth fresh anxieties, unfamiliar risks, and a deep sense of foreboding.
I don 't know about you but I am detecting more and more traces of this suggestion; the financial elites ultimate use of war as a clearing ground when their monster, capitalism, gets into trouble, allowing them to profit in true Mother Courage style. Don 't let your sons die in the war they want to come!
Financial speculator, George Soros ( 'The Deal The Australian March 2009) has had 'a very good crisis. Seeing the crash coming (the top financial elite control the 'crisis so how could they possibly miss out '), he has done well. Now he is gloating about how he helped Obama, through maximum financial donations in June 2004, before Obama had been elected to the Senate. Then he 'urged Obama to run for president and when Obama did Soros organised a meeting between all the players and other Wall Street bankers.
To end on a positive note:
Nationalisation of the banks is not the answer. Monopolisation is the problem in the first place and as Barclay-Smith noted: 'You don 't make a monopoly any better by making it larger. What is needed is the end of the monopoly and dictatorship of finance by elites.
The Federal government should exercise its sovereign prerogative to create money on behalf of the people, but beyond that, money needs to be deconstructed and decentralised as much as possible. Alternative money schemes need to be encouraged to flourish.
** 'It 's Time They Knew has been updated by the Institute of Economic Democracy and is now titled 'The Money Trick available from all of our Book Services for $10.00 plus postage.
MONDRAGON OF FORD 'S QUANTUM CONCEPTUAL LEAPby Wallace Klinck
Readers will remember the news that David Mondragon of Ford, Canada had proposed 'the Government should pay out to every Canadian citizen a cash consumer bonus of $3,500.00 (Canadian) to be applied against list price at point of sale when purchasing a new automobile! '
It was reported Mr. Mondragon is against the proposed (Canadian) Government production loan "bailouts" to selected parts of the auto industry. The proposal advanced by David Mondragon of Ford Canada is a limited approach to the Social Credit Dividend and Compensated Price. (These should apply to the economy across the board to the entire spectrum of products so that consumer choice is fully accommodated.)
Assistance to consumption rather than to an already glut of production:
If the product is such that the consumer does not value it enough to purchase, then of course the onus is on the producer to improve the quality or desirability of his product. Production should only occur where the consumer chooses to support it. But business should never fail merely because of an inherent systemic insufficiency of purchasing-power in the hands of the consumer.
Source of payment-money critical factor:
There are two forms of credit: real and financial:
THE (IM)MORALITY OF FINANCIAL CAPITALISM
Although written from an orthodox point of view the following article by Colin James, political journalist and analyst in an Otago Daily Times (New Zealand) column, 24 March 2009, presents an opportunity for further dialogue between social crediters and the journalist. Do make an effort to take up his offer.
He invites: reasoned feedback is welcome at the address below.
Draw your own conclusions about international savers' willingness to fund New Zealand's own whopping increase in debt over the next three to five years as government spending is slowly brought into line with the economy's capacity to pay. There is also a moral dimension to the Americans' desperate attempts to avoid a real readjustment. Bernanke believed, with his predecessor, Alan Greenspan, that the best regulation of financial (and other) markets is self-regulation. (The government's replacement of Paula Rebstock with Mark Berry as Commerce Commission chair reflects a version of this belief.)
But, as Greenspan has confessed, self-regulation failed. Self-regulation would have meant self-denial, which is not an uppermost character trait of those in financial services outside core banking and old-fashioned insurance -- as the Alex cartoon reminds us. Now Americans who have paid taxes to rescue financial firms that were too big to fail, no matter how bad, find they have rewarded with large bonuses the very people who created the need for the bailouts. The same goes for British taxpayers, where huge bailouts and printing money are also in vogue.
Last week an angry United States House of Representatives approved a 90 per cent tax on bonuses paid to executives of financial firms rescued by taxpayers. Longer-term, what does this hands-in-the-till behaviour say to ordinary folk about market capitalism? Some argue that market capitalism is moral: it rescues people from poverty through productivity-lifting innovation to a degree no other economic system has got near. To improve the poor's lot is a moral act. Moreover, it is argued, market capitalism is moral because it rests on and promotes trust. True, mostly.
It is safer to argue that market capitalism is amoral: willing sellers doing deals with willing buyers are pursuing their self-interests, not pursuing a great good or a great bad. But scoffing large bonuses from the very taxpayers you have betrayed and harmed is neither moral nor amoral. It is immoral. It destroys trust. The Alex cartoon characters are deeply unlovable because they are immoral and untrustworthy. A few criminals do not unmake society. A few miscreants do not invalidate market capitalism. But in the 1920s and 2000s a wild-west mentality spread widely and undermined trust within the system and, as a result, trust in the system.
To undermine trust is to unstick the glue in the market capitalist system. This loss of trust is the deeper crisis under the credit crisis and the real economy slump at which Bernanke and Co are throwing imaginary money. The response to this deeper crisis is political.
First, angry and hurt voters demand regulation in place of failed self-regulation.
CONTACT: Colin James, P O Box 9494, Wellington, New Zealand. Email: ColinJames@synapsis.co.nz
Response to Colin James from Bill Daly, New Zealand:
Many thanks, Bill Daly, Glen Eden Auckland
FOX ADMITS PLANTING POLITICAL BRAINWASHING IN TV SHOWS
Which came first, the chicken or the egg? In this case, the propaganda in Rupert Murdock 's TV shows and/or the children 's interest (out of nowhere) in 'global warming '? Rupert Murdoch's Twentieth Century Fox corporation has admitted to planting political brain- washing within its globally popular TV shows and indeed boasts that it is proud of the fact.
A corporate video currently being showcased on another part of Murdoch's media empire, MySpace.com shows Fox executives and stars of its universally recognized shows bragging about how they use the platform of hit shows that are broadcast globally to implant messages about the supposed threat of global warming. This is not the first time Fox have been enthusiastic in propagandising for the establishment. In 2003, Rupert Murdoch himself admitted that the corporation had "tried" to help the Bush administration sell the war in Iraq.
The text accompanying the video states, "In 2006, News Corp. embarked upon a company wide initiative to reduce the size of its carbon footprint."
In other words, Fox has embarked on a deliberate campaign, which could only have been done with the co-ordination of the script writers of each program, to force people to accept the pseudo-science of global warming by brainwashing them into accepting it as a reality.
This has been achieved by weaving in messages about climate change and having popular characters in the TV shows embrace specific tenants of the global warming manifesto.
Source: xhttp://www.infowars .com/fox- admits-to- planting- political- brainwashing- in-popular- tv-shows/
AND NOW LABOR 'S 'CLIMATE CHANGE PROPAGANDA PROGRAM
Source: Kids' comp 'is climate change propaganda' by Mark Kenny in The Advertiser 7/4/09.
The competition "Think Climate, Think Change," asks students in years 3 to 9 to use short stories, poems and art work to answer the question "what does climate change mean to me?" First prize is a trip for two to Canberra (the winner and a parent), a Nintendo Wii console, sports kit and Wii Fit pack, and books for the winner's school.
Senator Bernardi slammed the competition.
Ms Wong said the competition came about because children are naturally concerned about the environment and their future. "Schoolchildren from all over Australia have written to me asking about climate change and sharing their ideas," she said.
Editor 's comment:
"On Target" is published by the Australian League of Rights, Box 1052. G.P.O. Melbourne 3001.