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16 August 2002. Thought for the Week: "Christendom and Pride: Christendom has a new battle before it; no longer with the Scorn that was called Scepticism; no longer with the Envy that was called Divine Discontent; but with something much less mixed with sympathetic elements than any of these: with that primeval Spirit and Prince of the Powers of the world which it came upon earth to defy.
The Freethinkers of the future will care nothing for freedom and very little for thought. They will tell us that thought must be subject to will; and that will is whatever they want, or whatever they want it to be... the new sceptics will be more sceptical of democracy than of anything else. The Church will defend all that is left of democracy; as in the last century she defended all that was left of loyalty. A Pagan pride, freed from democratic as from religious restraints, is the next foe we have to face; and it may be hoped, in whatever form, that we shall all face it together."
"Pacifism and Cynicism", by G.K. Chesterton, 1930s
by Jeremy Lee
Is it the computers that control life? Or the numbers typed on them? However it's portrayed, it's called MONEY. It doesn't matter if there's enough, and more, in physical goods and services to go round. If there are not enough figures called MONEY to go round, then everybody starves. But there's more to it than that, apparently. If the numbers are called "Reals" (the Brazilian unit of currency which has dropped to record lows in recent months) then the magic doesn't work. But if they are called "Greenbacks" (the US unit of currency which is scaring the daylight out of investors round the world while the biggest 'bubble' in world history is bursting) then the Sun will shine on another Brazilian day.
Undoubtedly, this is a financial 'ju-ju'
mystery that flummoxes common sense. Brazil is bigger in area
than the United States, with 172 million people. Among its
industries are listed: Steel, autos, textiles, shoes, chemicals,
machinery, coffee, soybeans, sugar, cocoa, rice, corn, wheat,
citrus. It has 7.4 billion barrels of crude oil in reserve.
It has 163 million cattle (twice as many as Australia). It
has 28 million pigs and 18 million sheep. It has 18,000 miles
of rail and 139 airports. Brazil has enough as do its neighbours
to provide its citizens with "the good life".
The Australian Financial Review (7/8/02) reported: " ...The IMF and Brazil are discussing assistance for the country, now in its fourth year of recession, as investors fret it may default on its R1 trillion ($560 billion) debt. "Analysts say Brazil requires an additional $US20 billion ($38 billion) because its $US16 billion package expires in December and it has just $US1 billion remaining. Other economists expect the IMF to extend its credit line through to the end of the year. As the IMF's largest shareholder, the US wields an effective veto over its lending ...."
The same situation exists in Argentina, Venezuela, Uruguay and Peru. In other words, a complete continent is being strangled and paralysed for lack of computer figures. Australia might ponder this as New Guinea to its north goes belly-up, and the Solomons sinks into bankruptcy. The AFR (7/8/02) said: "Papua New Guinea, the principal beneficiary of Australian largesse, is on the edge of failure, despite all the aid and a rich natural resource base that includes gold, copper, oil and gas, large areas of arable land, extensive tropical forests and fisheries ....In fact, according to The World Almanac, Papua New Guinea's less than 5 million people have 330 million barrels of oil in reserve, 3.6 million chickens, 1.5 million pigs, 105,000 cattle, etc. There is enough for everybody in Papua New Guinea!
Meanwhile, in the Solomons, "the country is effectively bankrupt, with hospital staff, teachers and other public servants unpaid for months. Exports have collapsed, and the Government has depended for survival on loans from Taiwan ....Riding in like Tonto is, of course, the International Monetary Fund."
The AFR added: "The International Monetary Fund is next week sending a team to the Solomons, to negotiate a rescue package in its role as lender-of-last-resort. Part of the package is to replace the local currency with the Australian dollar, Solomon Islands Finance Minister Laurie Chan said yesterday ....." The Solomons, with a population smaller than that of Brisbane, produces copra, coconuts, rice, cocoa and beans. It has gold and bauxite. It has a significant tourist industry and exports worth $84 million. Perhaps it has no computers capable of producing magic figures. So it will end up losing its sovereignty and using Australia's.
AUSTRALIA'S MAGIC FIGURES
Australia seems to have no problem churning out money-figures on computers. After all, it has been described by the World Bank as the richest country, resource-wise per capita, in the world. In the six years since the Howard government came to power, money creation has slowed slightly, but still managed to increase the Volume of Money from $292 billion to $472 billion in June of this year. The average increase over the Howard period has been over $100 million per day. With an estimated population of 19 million the increase in the Volume of Money over the period has been about $10,000 for each man, woman and child in the country, or $43,600 for the average mother, father and two children. Our computers seem to work very well! These are the figures:
VOLUME OF MONEY IN AUSTRALIA
(Source: Reserve Bank Bulletin figures. Figures have been rounded for ease of comprehension)
About 5% of this increase has been notes and coin (cash). The rest has been intangible credit simply figures churned out by computers in the form of interest-bearing loans. In other words, we have attempted to borrow our way into the future, operating a system where debt and interest always increase at a faster rate than the means to repay it. When our turn comes, who will we contact overseas to lend us some of their computer-generated money? Judging by recent events the United States may not be in a position to extend loans of US dollars. So who will we ask? Japan? Iraq? Or perhaps the Palestinians? Who owns the computer-generated money systems? In other words, who are the world's mortgagees? Now there's a question that needs answering!
Let us imagine a wise and kind Treasurer
had done something different over the period since the Howard
Government arrived. Let us suppose that he allowed exactly
the same Money-Supply increase of $100 million a day. Let
us imagine a Treasurer with the courage to tell the existing
money-creators that new money no longer belonged to them,
but to the Australian people. And, finally, let us suppose
he injected the $100 million a day into cost-cutting instead
of cost increases.
All these possibilities, for the moment, seem impossible. But normally-complacent people are apt to learn very quickly when struck by crisis. The learning-curve of ordinary Australians has already begun.
ALAN GREENSPAN TO BE KNIGHTED
According to Associated Press, 6th August 2002, Federal Reserve Chairman Alan Greenspan is to receive an English knighthood. "He won't get to call himself 'Sir Alan' but Federal Reserve Chairman Alan Greenspan often known as the second most powerful man in the United States will get another title: knight."
Queen Elizabeth II has approved an honorary knighthood for Greenspan's "outstanding contribution to global economic stability," the British Treasury announced. Greenspan will receive the award when he next visits the United Kingdom. "I am most privileged to accept this honor," Greenspan said in a statement. "I have valued my close relationships with the Bank of England and with many Chancellors of the Exchequer, going back nearly 30 years," he said. The award also recognises "the benefit that the UK has received from the wisdom and skill" with which Greenspan has led the Federal Reserve Board, the British Treasury said. Greenspan will mark his 15th year as chairman of the Federal Reserve Board on August 11th this year. We are told "American citizens admitted to British Orders of Chivalry do not get the right to be called 'Sir', but Greenspan will be entitled to place the letters KBE for Knight Commander of the British Empire after his name, the British Treasury said."
Notice the reference to "the benefit the UK has received from the wisdom and skill" of Greenspan. That is typical abstractionism. What it should read is: the award recognises the benefits received by those who control the Bank of England and the UK's money supply from the wisdom and skill of Alan Greenspan, Chairman of the Federal Reserve Board, the private international banking monopoly which, among other things, controls America's money supply.
PAULINE, PAULINE, WHAT ARE YOU ABOUT?by Betty Luks
The following article was inadvertently left out of last week's Bulletin. It is in relation to the fracas occurring in One Nation and the two letters on the matter which appeared in last week's Bulletin. It is disappointing to read of the infighting within the political party One Nation hardly living up to its name! The main parties must be wringing their hands with glee. From where I view the situation, Pauline is still suffering from her Eva Peron complex she thinks she is One Nation! No matter that so many people have worked, and still work, so hard for the cause; no matter that so many people have given huge financial support to keep it all 'afloat' it seems, Pauline must have her way at all costs.
The West Australian carried the details (July 29th, 2002). Mrs. Hanson renounced the presidency seven months ago to fight charges of electoral fraud; now she wants the position back again. Another complaint was her name was being removed from the party title, despite having asked for that to be done when she resigned in January! West Australian MP John Fischer thinks Pauline should 'back off' and let the party get on with developing policies. It would seem a much more democratic party structure is required something along the lines of what Australia First had; core policies agreed upon by all and then, as I understood the matter, it was up to each state, each electorate, to handle their own affairs. In effect, it was an association of electorates. The power struggle demonstrates there are many who are only in it for the power what does that say to the voting electorate? Pauline has also floated the idea of moving to WA and standing for the Senate there. - Is she acknowledging her support base in Queensland has diminished and she is looking for 'greener pastures'?
GATS: GLOBALISATION STAGE THREE
by Graham Strachan taken from Neil
The TNCs will either take over the local
companies or drive them out of business, leaving no local
companies to benefit from the Agreement, here or overseas;
even if there are, concessions sought on their behalf by the
government in the major participating countries will be met
with protectionist barriers; 'free trade' is for the second
and third world players, not the majors. Instead of job creation,
there will be widespread layoffs as greater 'consolidation'
(takeover) and downsizing occur throughout the sector; any
significant job creation will be in cheap labour countries,
not Australia, until it too becomes a cheap labour country.
Instead of increased competition, the result will be oligopoly
then monopoly; services will be shoddy, more expensive, and
propped up by taxpayer-funded corporate welfare; the idea
that the government will 'demand standards' is nonsense
it is scared witless of the multinationals, and too preoccupied
with ridding its citizens of their legal rights.
This Agreement is not about greater competition, better and cheaper services or job creation. This is about global economic takeover and consolidation and Mr. Vaile knows it. He cannot not know it. It has been going on since 1983 and Hawke. All the evidence is in and it is irrefutable. Each time another sector of the economy is offered up for global takeover the same old lies are trotted out by the same old media apologists. The marvel is that the Australian people still seem to believe them.
THE LOGIC OF EMPIRE
by George Monbiot taken from his website;
published in the Guardian, United Kingdom, August 6th,
It has scuppered the biological weapons convention, while experimenting, illegally, with biological weapons of its own.
It has refused to grant chemical weapons inspectors full access to its laboratories, and destroyed attempts to launch chemical inspections in Iraq.
It has ripped up the anti-ballistic missile treaty, and appears to be ready to violate the nuclear test ban treaty.
It has permitted CIA hit squads to recommence covert operations of the kind which included, in the past, the assassination of foreign heads of state.
It has sabotaged the small arms treaty, undermined the international criminal court, refused to sign the climate change protocol and, last month, sought to immobilise the international convention on torture, so that it could keep foreign observers out of its prison camp in Guantanamo Bay.
Even its preparedness to go to war with Iraq without a mandate from the UN Security Council is a defiance of international law far graver than Saddam Hussein's non-compliance with UN weapons inspectors.
But the US government's declaration of impending war has, in truth, nothing to do with weapons inspections. On Saturday, John Bolton, the US official charged, hilariously, with 'arms control', told the Today programme that "our policy ... insists on regime change in Baghdad and that policy will not be altered, whether inspectors go in or not". The US government's justification for whupping Saddam has now changed twice. At first, Iraq was named as a potential target because it was "assisting Al-Qaeda". This turned out to be untrue...
Greatest threat to world peace is not
The United States, in other words, behaves like any other imperial power. Imperial powers expand their empires until they meet with overwhelming resistance. To abandon the special relationship would be to accept that this is happening. To accept that the US presents a danger to the rest of the world would be to acknowledge the need to resist it. Resisting the United States would be the most daring reversal of policy a British government has undertaken for over 60 years.
We can resist diplomatically:
We can resist the US by neither military nor economic means, but we can resist it diplomatically.
The only safe and sensible response to American power is a policy of non-cooperation.
Britain and the rest of Europe should impede, at the diplomatic level, all US attempts to act unilaterally. We should launch independent efforts to resolve the Iraq crisis and the conflict between Israel and Palestine. And we should cross our fingers and hope that a combination of economic mismanagement, gangster capitalism and excessive military spending will reduce America's power to the extent that it ceases to use the rest of the world as its doormat. Only when the US can accept its role as a nation whose interests must be balanced with those of all other nations can we resume a friendship which was once, if briefly, founded upon the principles of justice.
US PUMPS $1.5bn INTO URUGUAY - To avert a Latin American crisis!BBC, August 2nd, 2002
The United States last night, made a dramatic intervention to avert a fresh financial crisis in Latin America by providing an emergency loan of $1.5bn (£955m) to Uruguay. The Bush administration has agreed to forward the cash to allow the South American nation's banks to open today for the first time in almost a week. The move is an effort to end the looting of supermarkets last week that was sparked by the bank closures. It was the worst violence in a decade in a country known for its social and financial stability in an otherwise tumultuous region. The US Treasury last night agreed to provide the money in the form of a loan to be repaid in a matter of days once Uruguay receives a new loan package from the International Monetary Fund. It is the first time that President George Bush has sanctioned a direct rescue for a crisis-hit nation. Analysts said the US intervention represented the scale of the threat that it believes an outbreak of financial panic and rioting would pose to the world economy.
SYDNEY CONSERVATIVE SPEAKERS' CLUBWednesday, August 28th, 2002. An open night, with your turn to have a say; 5 minutes for each speaker. It is also the Annual General Meeting which will only concern members (who will receive an annual report during August). The meeting will be held at the Lithuanian Club, 16 East Terrace, Bankstown. There is ample parking at the Club, situated only 600 metres from the Bankstown Railway Station. The cost of your attendance is $4 per person. Date for your diary. Wednesday, September 25th, 2002. Guest speaker will be Mr. Leon Grigor and his subject will be "The Establishment's Fake Nazi-KKK Brigade".
SOUTH AUSTRALIA'S 34th STATE SEMINAR, DINNER, ACTION CONFERENCETo be held: Saturday/Sunday, August 17th/18th, 2002. The entry is $12.50 per person Seminar: Venue Parish Centre Christ Church, 1708 Main South Road, O'Halloran Hill, SA. Register from 12.30pm. Dinner: To be seated by 6.45pm. The 34th "Frank Bawden Memorial Dinner" also to be held in the Parish Centre Christ Church, Saturday, August 17th, 2002. $24.00 per person for a 3-Course meal. Sunday Action Conference: August 18th, Divine Service 10.00am. Action Conference: 10.30am. Wheaton House, 190 South Terrace Adelaide. Wheaton House is part of Pulteney Grammar School; it is sandwiched between the main school buildings (on the left) and the restaurant/motel next door on the right. Response slips to with payments to Heritage Book Mailing, PO Box 208, Ingle Farm, SA, 5098. Any further enquiries: Phone (08) 8395 9826.
BILL DALY'S MEETINGS IN VICTORIA
THE NEWSPAPER HEADLINES READ: "US PUMPS $1.5bn INTO URUGUAY: To avert a Latin American crisis!" BUT WHAT WILL YOU DO SHOULD THIS COUNTRY'S DEBT-MONEY SYSTEM COLLAPSE UNDER ITS OWN DEAD WEIGHT? MAKE THE EFFORT TO GO TO HEAR WHAT BILL DALY HAS TO SAY ON THE MATTER.
Bill Daly, New Zealand's National Director
of the League of Rights will be speaking at:
|© Published by the Australian League of Rights, P.O. Box 27 Happy Valley, SA 5159|