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13 June 2008 Thought for the Week:

Is it possible to have a financial system that does not indebt us as we become richer? Yes, there is one, it was proposed to the world in 1918: Social Credit.
Social Credit does not create un-payable debts because it would cause money to be created to the rhythm of production and to disappear to that of consumption.
If it is somehow possible in a limited time to consume more than we produce because of earlier surpluses, it is impossible on the whole to consume more than that which is produced. No one can make a loaf of bread, a pair of boots, or a pin disappear that was not first produced.
If money would arrive according to production and disappear according to consumption the system of progressive indebtedness would be inconceivable.
An individual or a group of individuals could certainly still indebt themselves but on the whole the common debt would not exist.
On the contrary real total enrichment would express itself by a total financial enrichment; and instead of taxes and surcharges (GST) on prices, individuals would receive dividends and discounts on prices.
The present system is a lie; it is a false accounting. Social Credit would be a just accounting; an exact financial expression of economic realities. The present system can only produce rotten fruit. Social Credit would produce good fruit, in abundance for all.

- - Taken from Louis Even's "In This Age of Plenty"

IS IT SENSELESS ? NOT ON YOUR KNIFE !

by James Reed
According to The Weekly Telegraph (21-11-27-11-07, p.19) the US is planning new weapons to take on rogue States and China. The Falcon, at US$459 billion is a hypersonic plane that flies at six times the speed of sound and would be capable of dropping 12,000 lbs of bombs on any city (embracing economic nationalism that is) within minutes. If an attack by a rogue nation was about to occur on Israel, a defence analyst is quoted as saying, the enemy would be destroyed in minutes. This is needed given China's anti-satellite weapons capacity.

Even the Australian Defence Force is getting in on the act: "ADF Needs Power to 'Take on Asia Threat'" The Australian 25/3/08 p.4. They want the capacity to "rip the arm off" any Asian power. Even China? India?
But we are fed a constant stream of biff telling us that Asia loves us and we love them, that we are their 'bride'. How could Asian Kevin Rudd live with the thought that there are ADF people who actually believe that some of the Asian giants "may not be friendly"?

But it is not senseless. The lies about Asia are needed to keep the globalist economic strategy going. If that stumbles, then the masters of war, the Mother Courages in their war wagons, now travelling at supersonic speed, get let loose to kill.

War and the making and selling of weapons of war is the biggest business next to financial alchemy. Why aren't the gun banners dealing with this issue: could it be that they are discriminating against small private guns?


IN CASE OF ANY FUTURE WAGE-SLAVE UPRISINGS ?

The following media release when read in conjunction with the above article by James Reed is rather sobering reading: "The Parliamentary Secretary for Defence Support, the Hon. Dr Mike Kelly AM MP, today (23/5/08) welcomed the launch of the Australasian Civil Military Police Network (ACMPN) in Canberra.

The ACMPN is an initiative of the Australian Homeland Security Research Centre and aims to assist in strengthening relationships between civil and military personnel to support preparation for operational responses to natural disasters and emergencies overseas. (Australia would be 'overseas' to the Asian nations involved in the network 'ed)
The network will consult widely through online forums and events which will engage a range of civil and Government stakeholders.

In launching the network Dr Kelly said, "The concept for this initiative is consistent with the Government's plans to improve co-ordination between non Government and Government agencies involved in peace-building, (don't you just love the term 'peace building'. What you think is meant by 'peace building' is not the same thing as what these people mean! 'ed) stabilisation and reconstruction efforts ('reconstruction'? along the lines of the Iraqi 'reconstruction efforts'? 'ed) in response to international emergencies.

"The launch of the network also complements a core election commitment to establish an Asia Pacific Centre for Civil-Military Co-operation." The Asia Pacific Centre for Civil-Military Co-operation will draw upon expertise across Government agencies and the Non Government Organisation sector to help strengthen the effectiveness of Australia's international emergency management capabilities."

Should any of the present wage-slaves feel the urge to protest against these further moves towards a regional police-military force, the media contacts for the Rudd regime's plans are:
Mark Sjolander (for Dr Mike Kelly): 02 6277 4840 or 0407 102 220 and Defence Media Liaison: 02 6265 3343 or 0408 498 664

Mr. Rudd has just announced he wants to see an Asian Union along the lines of the European Union! And you thought he was for Australia and Australians!
The Labor Fabians are busily beavering away at the foundations of this commonwealth imposing their Capitalist-Marxist one-world agenda upon us.


WE WERE ONCE NEARLY FREE OF THIS PARASITE

A parasite is: an animal or plant that lives in or on a host (another animal or plant); the parasite obtains nourishment from the host without benefiting or killing the host. But the history of mammon points to the fact that unless this type of parasite is kept in check, it eventually mutates into a pathogen!

Under the heading "The History of the Commonwealth Bank" the following summary was prepared in 2002 by W.L. Rusterholtz from the following books and reports:
"The Story of the Commonwealth Bank", by D.J. Amos. F.CI. S.;
"The Commonwealth Bank of Australia" by C.C. Faulkner and
"Australia's Government Bank" by L.C. Jauncey, Ph.D.
The quoted figures were taken from:
Official Year books 1910-1939;
Commonwealth Bank Balance Sheets 1912-1945;
Australian Statistics Bulletins, 179, 180, 188;
Report of the Royal Commission on the Australian Monetary and Banking Systems 1935.

And so history began:
"Immediately after Federation King O'Malley M.P., fought for the founding of a 'People's Bank' to eliminate the danger of Australia becoming an indebted Nation. The Bill to enable the setting up of the "Commonwealth Bank" was introduced by the Labor Government and passed by the Parliament in 1911. The Bank was then set up under the control of a Governor who was appointed for seven years and was then authorised to raise 2 million Pounds by the sale of the Bank's debentures. (A debenture is a bond that is backed by the credit of the issuer but not by any specific collateral. In this case it was really 'backed by the present and potential productive capacity of the Australian people' 'ed)
The Bank issued its debentures which were sold for a stated term at a fixed interest rate. In June 1912, Mr. Denison Miller (later Sir Denison.) was appointed Governor of the Commonwealth Bank, then in January 1913 the Commonwealth Bank opened for business.

Early achievements:
It created a loan of '500 million Pounds to finance the war at an interest rate of less than 1%. At this time, Australia would have had to pay 6.5% on the London money market.
At 1% the Bank made a profit, then at the end of the war the Bank cancelled the '500,000,000 war debt to correctly reflect the colossal loss of life of men and war materials.
It created '872,000,000 to finance pools for wheat, wool, meat, butter, cheese, rabbits and sugar.
It created '8,000,000 for the construction of Australian houses.
It created '4,000,000 for building the Commonwealth Fleet of Steamships.
It created '18,720,000 for lending to Local Government Councils for building roads, harbours, gasworks, electric power plants and distribution equipment etc.
It enabled the Government to transfer abroad '7,100,000 for payment to Australian Troops overseas.
It created further enormous amounts of money for post-war reconstruction.

The Commonwealth Bank could have continued to finance the nation and could have protected Australia from the effects of the "Great Depression" in the 1930s.
However Sir Denison Miller died suddenly in 1923, then as a result of pressure from the private Banks the Bruce-Page government amended the Commonwealth Bank Act, placing the bank in the hands of a Board of Directors recruited from the private Banking sector. Consequently the Bank was never thereafter allowed to compete against the private Banks contrary to its original charter.
Finally the Hawke government in the 1980's sold the Commonwealth Bank to American Banking Corporations.

The enormous value of the Commonwealth Bank to Australia, was underlined by the Statement from the Chairman of the Royal Commission on Money and Banking in 1937 when he said:
"The Commonwealth Bank can make money available to Governments or to others on such terms as it chooses, even by way of a loan without interest, or even without requiring either interest or repayment of principal"!

The Nation's money supply (credit) is now being created by the Reserve Bank and other private Banks and ownership of all credit is claimed by them, distributed as loans which are interest-bearing debts.
All money except notes and coin is totally invisible. Like the wind and electricity, we see only its effects. As Proverbs 22:7 continually reminds us: "The borrower becomes the lender's slave."

Further interesting reading on how Australia was successfully financed can be found in the following booklets.

1. - The story of the Commonwealth Fleet of Steamers.
2. - The story of the Commonwealth Railway and the Note Issue.
3. - The story of the Commonwealth Woollen Mills.
4. - The story of the Commonwealth Oil Refineries and the search for oil.
5. - The story of the Commonwealth Wireless Service.

All the booklets are available from the Heritage Book Services and Veritas Publishing. Send for a list of relevant books to your nearest service.


NEVER, NEVER, DOWNPLAY THE HOLOCAUST

by Peter Ewer
The things academics get up to. Ben Kiernan, director of the genocide studies program at Yale University, is author of "Blood and Soil: A World History of Genocide and Extermination from Sparta to Darfur" (Yale University Press, 2007). He was criticised by Mervyn Bendle "Guilt Merchants Make Us Out to be Worse Than Hitler" The Australian 27 March 2008.

Kiernan responded:
"Mr Bendle, Try Reading my Book with Both Eyes," The Australian 2/4/08. Even though Kiernan says that the Holocaust is "unique" Bendle claims that "Blood and Soil" "ignores anti-Semitism and totalitarianism" and "deliberately deflects attention away from Adolf Hitler and other murderous regimes." It seems that not enough pages were devoted to the holocaust according to Bendle.

Kiernan sets him straight by showing there were heaps more pages than Bendle quoted. And footnotes to boot! It just goes to show that even among the 'politically correct' there are still red-hot matters of debate!


AND THE WINNER IS '

Pepe Escobar in the Asia Times 3/6/08 writes:
" the Israel lobby. They're all here - and they're all ready to party. The three United States presidential candidates - John McCain, Hillary Clinton and Barack Obama. Madam House speaker Nancy Pelosi. Most US senators and virtually half of the US Congress. Vice President Dick Cheney's wife, Lynne. Secretary of State Condoleezza Rice. Embattled Israeli Prime Minister Ehud Olmert. And a host of Jewish and non-Jewish political and academic heavy-hitters among the 7,000 participants.

Such star power wattage, a Washington version of the Oscars, is the stock in trade of AIPAC - the American Israel Public Affairs Committee, the crucial player in what is generally known as the Israel lobby and which holds its annual Policy Conference this week in Washington at which most of the heavyweights will deliver lectures.

Few books in recent years have been as explosive or controversial as The Israel Lobby and US Foreign Policy, written by Stephen Walt from Harvard University and John Mearsheimer from the University of Chicago, published in 2007. In it, professors Walt and Mearsheimer argued the case of the Israeli lobby not as "a cabal or conspiracy that 'controls' US foreign policy", but as an extremely powerful interest group made up of Jews and non-Jews, a "loose coalition of individuals and organizations tirelessly working to move US foreign policy in Israel's direction".

Walt and Mearsheimer also made the key point that "anyone who criticizes Israeli actions or says that pro-Israel groups have significant influence over US Middle East policy stands a good chance of being labeled an anti-Semite". Anyone for that matter who "says that there is an Israeli lobby" also runs the risk of being charged with anti-Semitism.

All the candidates in the House say yeah...
Republican presidential candidate McCain is opening this year's AIPAC jamboree; Clinton and Obama are closing it on Wednesday. Walt and Mearsheimer's verdict on the dangerous liaisons between presidential candidates and AIPAC remains unimpeachable: "None of the candidates is likely to criticize Israel in any significant way or suggest that the US ought to pursue a more evenhanded policy in the region. And those who do will probably fall by the wayside."

AIPAC keeps a very close relationship with an array of influential think-tanks, like the American Enterprise Institute, the Center for Security Policy, the Hudson Institute, the Jewish Institute for National Security Affairs, the Middle East Forum, the The Project for the New American Century (PNAC) and the Washington Institute for Near East Policy. Sprinkled neo-cons in these think-tanks can be regarded as a microcosm of the larger Israel lobby - Jews and non-Jews (It's important to remember that Richard Perle, Douglas Feith, David Wurmser and five other neo-cons drafted the infamous "A Clean Break" document to Benjamin Netanyahu in 1996 - the ultimate road map for hardcore regime change all over the Middle East.)

The house that AIPAC built
AIPAC in the US Congress is a rough beast indeed. Former president Bill Clinton defined it as "stunningly effective". Former speaker of the House of Representatives Newt Gingrich called it "the most effective general-interest group across the entire planet". The New York Times as "the most important organization affecting America's relationship with Israel". Embattled Israeli Prime Minister Ehud Olmert, before his involvement in a corruption scandal, said. "Thank God we have AIPAC, the greatest supporter and friend we have in the whole world."

AIPAC maintains a virtual stranglehold over the US Congress. Critics of the Israel lobby other than Walt and Mearsheimer also contend that AIPAC essentially prevents any possibility of open debate on US policy towards Israel. Compare it with a 2004 report by the Pentagon's Defense Science Board, according to which "Muslims do not hate our freedom, but rather they hate our policies".

AIPAC and Iran
Now it is Iran time. Walt and Mearsheimer contend "the lobby is fighting to prevent the US from reversing course and seeking a rapprochement with Tehran. They continue to promote an increasingly confrontational and counterproductive policy instead". Not much different from the embattled Olmert, who told Germany's Focus magazine in April 2007 that "it would take 10 days ... and 1,000 Tomahawk cruise missiles" to set back Iran's nuclear program. A measure of Walt and Mearsheimer's power to rattle reputations is that the Zionist establishment had to bring out all its big guns to refute their argument, again and again. Walt and Mearsheimer are no ideologues. They are realpolitik practitioners - very much at ease in the top circles of US foreign policy establishment. Perhaps the most fascinating aspect of their book is that they argued four points that the establishment never mentions in public.

Essentially these are:
The US has already won its major wars in the Middle East, against Arab secular nationalism and against communism, and does not need Israel quite as much.
Israel is now so much more powerful than all Arab nations combined that it can take care of itself.
The unconditional support for Israel, regardless of its outrageous deeds, does harm US interests, destabilizes pro-US regimes like Hosi Mubarak's Egypt and King Abdullah's Jordan, and plays into the hands of Salafi-jihadi radicals.
Fighting Israel's wars on its behalf is the surefire way to lead to the collapse of US power in the Middle East.

Walt and Mearsheimer also seem not to accept that oil, and rivalry with Russia and China, have also played a crucial part in why the US went to war in Iraq and may attack Iran in the near future. Anyway only insiders as themselves - with unassailable establishment credentials - could have started, at the highest levels of public debate, a serious discussion of extreme pro-Zionism in the public and political life of the US."

Full article at: https://www.atimes.com/atimes/Middle_East/JF03Ak01.html


THE PAWNS OF PORN

by James Reed
Every once in a while the mainstream media - be it print or electronic - does a special on pornography. The text is predictable: there is an excuse to publish a full page nude, as we have never seen it before, and might become confused without glossy pictures.
The Weekend
Australian Magazine, February 23-24/2008, "Is it Art or Is it Porn?" was true to form. The opening page has a photograph in black and white of a young female's behind.

The article begins with the standard relativistic whitewash: how can you really tell the difference, what is pornography and what is art? After all Titian's Venus at Urbino (1538), a famous painting of a nude was controversial in its day. Pornography is a social construction. Such, as I read the article, is the basic argument of the book by Alan McKee and others in "The Porn Report".

Pornography now is mainstream and although there was a feminist critique of porn in the 1970s and 80s, porn is now 'hip' with an affluent Y generation of upwardly mobile females consuming it. The extract from The Weekend Australian contained only one paragraph indicating the author's attitudes to the argument that pornography can be psychologically harmful and this was to dismiss the argument.

I don't have access to the book as yet and maybe the authors will tackle some hard problems - like the effects of pornography on child sex abuse in outback Aboriginal communities. But, I will not hold my breath waiting.


LETTERS TO THE PRESS

Rudd's Asian union: To the Editor, The Australian, 5th June 2008
Australians who cherish freedom and decentralisation should oppose strongly Mr Rudd's proposal for an Asia-Pacific Union comparable to the European Union ('Rudd to drive Asian Union', 5/6).
They should remember that the Labour government in Britain is trying to force the British people to fully integrate in the EU against massive popular resistance. That government had to resort to promise-breaking and deceit in order to ratify the infamous Treaty of Lisbon in the British House of Commons in March.
The majority of Britons are aware that the EU is a monstrous bureaucracy and tyranny-in-waiting which has no respect for traditional legal safeguards of personal liberty and intellectual independence.
It is significant that Mr Woolcott has admitted that Australia is being used as a front, to avoid other nations backing away. However, it is not so much the US or China or Japan that is to be feared as the secret prime mover, but international financial interests which these days seem to have even major nations in hock. Is this new project the real reason for the continual agitation for the termination of our monarchy?

- - Nigel Jackson, Belgrave Vic.

Tippling after midnight: To the Editor, Herald Sun 2/6/08:
Dear Editor,
Putting more police on the street in areas prone to drunken violence is simply shutting the stable door after the horse has bolted.
The problem should be dealt with at the source. In many places liquor is the only commodity available after midnight. Why should tipplers be able to continue when you can't even buy a litre of milk for breakfast?

- - Ron Fischer, Sebastopol Vic

LETTER IN THE PRESS:

The high price of crude oil will not persist for long:
The Editor, The Weekend Australian 31/5-1/6/2008.
What's all this fuss about oil prices? At $US130 a barrel in recent days, it cannot be anything other than a bubble for several reasons. First, at well below this price, unconventional crude, i.e. tar sands and oil shales become economically attractive and the world has essentially unlimited resources of these unconventional crudes. Second, the Persian Gulf is full of supertankers at anchor fully laden with crude oil because they cannot find a market, and third, BP's recently published Statistical Review states that world crude oil reserves have actually increased by 15 per cent.
The gathering US recession will greatly reduce the demand for oil products during the US summer "driving season", which accounts for a significant part of world demand for oil, and when this happens - it will become apparent in August - US oil inventories will rise.
The Arab oil producers in OPEC will react in their customary way by dumping oil on to world markets at any price. This will happen before Christmas 2008 and when it does, the price of crude will plummet, as it has done before.
The truth is that crude has reached current prices because of hedge funds and refinery constraints, not because of economic fundamentals. So, it's not necessary to alarm people, including our politicians, with stories of peak oil and only 40 years' supply left, as I heard on ABC-TV's Lateline on Wednesday night.
Anatole Kaletsky ("A crude detachment from the real world", Opinion, 23/5) got it right: the doubling of oil prices in the past nine months is being driven by a financial bubble.

- - Stan Yeaman, (the author, is a retired oil executive) City Beach, WA


WILL THERE ALWAYS BE AN ENGLAND ?

The following report highlights the real agenda behind the Racial and Religious Vilification legislation imposed upon western nations. We wonder, will the Christian Church leaders stand up to be counted, thus defending the rights granted them as long ago as 1215AD under Magna Carta?

"The End Of England? From Investor's Business Daily , posted Monday, June 02, 2008
Culture: Two Christian preachers in Britain have been told that trying to spread the gospel to Muslims is a hate crime. It's another sign that much of England has given up on being England. British media are reporting that Arthur Cunningham and Joseph Abraham, American evangelical ministers who've been living in Great Britain for years, were told by a police community support officer to "stop handing out gospel leaflets in a predominantly Muslim area of Birmingham."

Cunningham said the officer told him and Abraham in February that they "were in a Muslim area and were not allowed to spread our Christian message. He said we were committing a hate crime by telling the youths to leave Islam and said that he was going to take us to the police station." The men also said the officer told them that if they returned, they would "get beaten up." It's not clear from media reports who would administer the beatings, the Muslims or the police.

Either way, this is another disturbing example of a great nation ceding its culture because its elites are too invested in political correctness (read Cultural Marxism) . They're so intent on establishing themselves as models of tolerance and moral defenders of diversity that they're willing to be cowed by the radical elements of Islam that are eating away at their civilization. Already the archbishop of Canterbury, Rowan Williams, has said that "Shariah law is inevitable" in the United Kingdom, and menacing no-go areas in Muslim neighbourhoods where non-Muslims should fear to tread have cropped up.

Maybe Williams has given up. But one Anglican bishop, a brave soul who happens to have a Muslim name, has not. Pakistan-born Michael Nazir-Ali, the Bishop of Rochester, has made it clear that England has to fight for its cultural life and cannot yield to Islamic extremists who he says are taking advantage of the moral vacuum left by a nation that has largely abandoned Christianity in the wake of the 1960s cultural revolution.

As Archbishop Williams was busy surrendering his nation and his faith earlier this year, Nazir-Ali dared to publicly refer to the no-go areas in Muslim neighbourhoods and blame them on government multicultural policies that create divisiveness. For that, this courageous clergyman has received death threats.
England would do well to listen to Nazir-Ali, tune out Williams and resist giving in to the impulses of opinion shapers who have opted for moral cowardice. If not, there will be no England, no Great Britain, left..."

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