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June 30 1978. Thought for the Week: "A community, whatever its size, be it a village or a nation, is a collection of individuals who associate together in order to obtain the results of association. I do not like to dogmatise on what man was put into the world for, but I am certain of one thing and that is that he was not put there to be governed. A certain amount of government may be of use to the association, but man was not meant to be ruled by either governments or a financial system. On the contrary, these systems have no possible excuse for existence except to serve the interest of the individual, of all the individuals of the association."
C.H. Douglas in Why Bother about Finance? 1937
TOWARDS THE ABYSS WITH MALCOLM FRASER
Anyone who takes the little trouble necessary to understand how the present finance economic system is being operated can predict with absolute certainty that all attempts to reduce inflation must result in higher unemployment and business bankruptcies. Increasing the money supply, either by Government or private enterprise investment, must result in greater inflation.
We have no evidence to suggest that Prime Minister Fraser or his Treasurer, John Howard, have any understanding whatever of how the system they claim to be "managing" operates. The Prime Minister is a victim of both his ignorance and a philosophy summed up in his own words, "life was not meant to be easy." The Founder of Christianity said that He had come that the individual might enjoy the life more abundant. Mr. Fraser says he has come in order that figures in ledgers, termed the "national deficit", take precedence over the reality of actual or potential abundance.
The policy of "restraint" would have validity if Australia were a poor country. But such a policy is wicked madness when, for example, the building industry is reducing activity with every day that passes while an increasing number of people, many of them young marrieds, cannot obtain their own home. In the absence of any new policy to increase consumer purchasing power, the restrictive policy imposed upon the States at the Premier's Conference last week, is guaranteed to increase unemployment and force business organisations to cut profits even further in an endeavour to stay solvent.
Not surprisingly, Prime Minister Fraser did not like the question, asked at his press conference following the Premiers' Conference, about his attitude towards unemployment. One of Mr. Fraser's firm pre-election promises was that unemployment was going to start coming down during the first six months of 1978. When asked if he would make a prediction about unemployment early next year, the Prime Minister declined to answer and the conference was declared closed. It is clear from this that the Fraser-Howard-Treasury policy is to impose the "tough" budget, which Mr. Fraser talks about.
It is significant that Mr. Fraser does not even
apologise for what he is doing and proposes to do. He keeps on insisting
that the "sterner economy" being operated has resulted in a "healing
process". Like a cracked record, Mr. Fraser continues to talk of "hard
earned gains" and says, "Interest rates would continue to fall". Mr.
Fraser predicted a 2% drop in interest rates at the Federal Elections.
We have not noticed any falling interest rates. Interest rates for the
banks are fixed by the Reserve Bank. Everyone with a bank overdraft
knows that there has been no reduction in interest rates.
The continuing anti-Nazi campaign on television has been described as the longest running film in history. Hitler died in his Berlin bunker 33 years ago. The continuing anti-Nazi campaign is greatly appreciated by the Soviet Union whose leaders since the days of Lenin, followed by Stalin, have demonstrated that there are no depths of human depravity which they are not capable of reaching. If Western Europe is to be defended, West Germany is essential for that defence. What good purpose does the continuing flood of anti-Nazi films, and books serve? There is no such flood of films and books exposing what the Soviet strategists are about. An occasional exposure is drowned in the flood of anti-Nazi films. The much-publicised film "Holocaust" was produced in the United States at a time when the Zionists needed a new wave of propaganda. Increasing numbers of Jews have become increasingly critical of the policies of Israel and are openly opposing Zionism. "Holocaust" rehashes myths long since exploded by objective historians. The antidote to "Holocaust" is The Hoax of the Twentieth Century by Dr. Butz. $5.50 posted.
The history of most dictators reveals that in
order to take their victims' attention off internal problems, they direct
attention towards external "threats". National-Country Party leader
Doug Anthony has joined with Prime Minister Fraser in attacking the
European Economic Community in the most undiplomatic language. Addressing
the National Country Party, N.S.W., conference last weekend, Mr. Anthony
described the E.E.C.'s policies as "economic vandalism". He said that
Australia must "fight" to break down the trade walls built around a
" selfish, inward looking, self interested Europe."
HIDDEN INDIRECT TAXES
The following excellent editorial, just brought
to our attention, appeared in Dollars and Sense, Melbourne, April
Indirect taxes are the most insidious of all taxes because they are generally hidden. If Australians are to protect themselves against the destructive programme now being openly imposed by the Fraser Government, they must make a start somewhere. The abolition of the iniquitous Sales Tax would be a major first step away from growing disaster. Every On Target reader should have a supply of Anti-Sales Tax brochures and be collecting signatures over the next eight weeks.
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