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2 September 1983. Thought for the Week: "No one can serve two masters; for either he will hate the one and love the other, or he will be devoted to one and despise the other. You cannot serve God and mammon."
Matthew 6 - 24
WORSHIPPING BLACK MAGIC
Aided by most of the establishment media and commentators, Prime Minister Hawke and his colleagues have been able to present the first Hawke Budget as both "reasonable" and "responsible". In the lead up to the Budget taxpayers were given a psycho-political treatment designed to create fears that they faced a really "tough" budget. As few had looked at the fine print in the Budget, it was not surprising that large numbers of people were quoted on the Wednesday morning that they were "relieved" to find that the Budget was no where as bad as they anticipated.
Mr. Hawke, Mr. Paul Keating and their
fellow "democratic socialists" have left no doubt that they
worship the same type of financial black magic which bemused
Mr. Malcolm Fraser and his colleagues. The "deficit" must
be restrained at all costs and, of course, written up as an
interest bearing debt against the nation.
Standards of political morality have been falling in Australia for years. It is not merely that promises are broken, but the cynical, brazen manner in which this is done. Confronted with a letter he had written to his electors two years ago, stating that Labor favoured reduced prices on beer, Mr. Hawke brushed it aside, stating, "This Budget (which further increased the price of beer) is not inconsistent with the principles expressed therein." This can only be described as classic Orwellian double speak from a man who told his electors two years ago that, as beer and cigarettes "take a much larger proportion of the incomes of low and middle income earners, so to increase them further would be quite unfair." But low and middle-income earners are going to progressively feel the impact of the wide range of indirect taxes imposed by the Hawke budget.
Falling political standards help further to poison the life of the nation. Those standards can be expected to fall even lower as the rot stemming from anti-Christian financial policy, one based upon the worship of the abstraction known as money, continues to spread.
This comment from Mr. Chas. Pinwill,
Queensland State Director
Those who are unsophisticated in political pedantry may be fooled for a time, but the base reality remains untouched. Increasing unemployment, now permanent in modern industrial societies, defies all governments' abilities to solve. Only an acceptance of this reality will allow corrective action. Labour is a decreasing factor in modern computerised production.
"Total Budget expenditures are $56.7 Billion... 250,000 early retirements of people over 55 years of age, for those who wanted it, at $200 weekly, conditional upon replacement by an unemployed person, would cost a net figure of $1.5 Billion...less than 3% of present expenditure. "If funded from a small part of the estimated 11% (created) increase in the Australian money supply a real contribution could have been made. However, "Labor" Governments (AND Liberal!) are philosophically opposed to less labour for the responsible over 55s.
ANOTHER BUDGET OF BLOWOUTS?
THE BOTTOM LINE
MR. JEREMY LEE REPORTS
Before the World Council of Churches, Freedom from Hunger or Austcare launch a "mission of mercy" for the poor, benighted bankers, we should hasten to say we believe they will survive.
Apart from the Morgan/Salomon loan to Australia, The Western Farmer (W.A. 21/7/83) reported: "Chase Manhattan Bank and Citibank of New York have expressed interest in refinancing Western Australia's farm debt in parcels of $50 million. Influential WA financier Sir James McCusker said last week the giant United States banking houses had indicated they would provide for rural debt consolidation on an insured mortgage basis but an over riding condition on the money being made available would be a loans insurance guarantee... Where would the guarantee come from? Why, from the Hawke Govt. of course!
Meanwhile, the Financial Review
(22/8/83) reported: "Interesting to note that International
Pacific Corp's name change to Rothschild Australia Ltd. hasn't
been mirrored by the change in the name of the former International
Pacific Cash Management Fund. The Merchant Bank changed its
name after N.M. Rothschild and Sons took the major stake in
IPC as part of a shuffle of existing foreign equity and the
exit of the CBA as a shareholder. However, the trust has taken
the name Five Arrows ... The Five Arrows were the five sons
of the founder of the dynasty, Mayer Amschel Rothschild, a
Frankfurt banker in the 18th century. Mayer's son, Nathan
Mayer, went to London to form N. M. Rothschild, and others
went on to Austria, Paris and other parts
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