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3 April 2009 Thought for the Week:
We should remember that Social Credit seeks to establish the consumer, not the banks and not the government, in a position of sovereignty with regard to control of production policy.
We do not want the state to appropriate the public credit in order to build monuments for its own glorification. Our policy is to assist consumption directly and not through money distributed for capital works. This latter policy is more representative of the economic policies of fascism and communism. Social Credit would make possible increasing leisure, i.e., self-chosen intellectual, spiritual and cultural activity which transcends mere commercialism.
The policy of creating "work" to maintain employment was (is) the cornerstone policy of both communism and fascism - as it must be for all forms of totalitarianism. It is also essentially the policy of finance-capitalism inasmuch the existing financial system issues money only for production and never for consumption.
- - Wallace Klinck, Canada, March 2009.
NEWS FLASH! TAIWAN 'S 'NATIONAL DIVIDEND '
from Wallace Klinck, Canada
A message from a colleague reads:
My sister-in-law, who is a Taiwanese citizen and a UK citizen, and presently lives in the UK, was on holiday in Taiwan at the time with my brother and niece, and so she was eligible to collect NT3,600 as well (which she happily spent at the shops!), and her brother's family (2 adults and 3 young children) collected NT18,000.
The distribution was done under the guise of Chinese New Year celebrations and the customary 'red envelopes' (and probably also as a 'goodwill gesture' by the recently-elected KMT party) as a way of hiding the real economic need for it. As far as I am advised, there were no complaints! Nobody asked "where did the money come from?"*
As far as I can determine, the vouchers, issued by the government, are redeemed by the shopkeepers by exchanging them for cash, or equivalent (bank balance increase), from the government. I will try to find out more details on this part of the process. So, it seems we now have another example (of credits issued for consumption 'ed).
*At present, the population of Taiwan is about 23 million, so that amounts to a distribution of NT82.8 billion (about '1.725 billion), if all the vouchers are claimed and used (which, my brother advises me, they will be!) - it would be interesting to find out if the Taiwan government debt had an abnormal increase of NT83 billion in February this year, if not, it could be that the 'money' was issued 'debt-free' and 'tax-free'.
THE CLASH AND CRASH OF CIVILISATIONS
by James Reed
Huntington was on the right track, but decades before him, Eric Butler also recognised that conflicts would occur through pluralism and globalisation, and before him, Major Douglas. Nevertheless the 'clash of civilisations theme was present in a speech given by General Michael V. Hayden, Director of the US CIA, at Kansas State University last year ( 'The Shift in World Power China 's military build-up is aimed at achieving great-power status in the years ahead).
The rapidly growing populations of the Third World will expand by migration to the developed world and be a 'significant challenge. China will continue to grow in military strength, but is 'not an inevitable enemy of the US. That is CIA talk for we are s- scared of China.
Nuclear-armed Pakistan may become a failed State with terrorists ultimately getting their hands on 'the nukes '. Mexico is fast becoming a drug-State as Mexico 's drug cartels have a combined army as large as the Mexican army. Something resembling a civil war is occurring along the Mexican border, where 7,000 people have died, far more than in Afghanistan.
The US has its own little war right on its border, no doubt soon to migrate right through the US of A. Indeed, the Texas Governor has already asked B. Hussein Obama to militarise the Texas/Mexico border with US troops. Ten thousand people have been killed in the Mexico drug wars since 2007. Obama, in debt to Hispanics for votes, will do nothing.
Huntington was only partially right. He did not see that there are also internal tensions within civilisations, hurling them towards their doom. We, each day, are watching Western civilisation unravel. Survival measures are appropriate, and we writers here in the 'Saving Western Civilisation series attempt to articulate the major threats and challenges as we see them.
There is not a lot we can do to help save the Americans, but we need to be aware of their plight and learn the lessons that they seem unprepared to learn. Not only is there a 'clash of civilisations along ancient fault-lines, but there is also a 'crash within civilisations - internal forces which threaten to shatter them.
WATCHING THE CHINA BREAK
by Brian Simpson
These will become desperate people who could cause some headaches for the Communists who still rule China with an iron fist in a capitalist glove. The Chinese have been lifted from poverty well, millions of them - because Western capitalists have made China a factory of the world. But this is an insecure, unsustainable existence as the present global financial 'crisis shows. When China breaks this time, we all will be cut by the shrapnel.
DON 'T DO WHAT I DO DO WHAT I SAY !
by Betty Luks
'Following huge losses during the financial crisis, the Church of England should return to the Christian principles of using material wealth for the common good. No-one is immune from the global economic crunch. That includes the Church of England, which has '5 billion tied up in assets, pensions and buildings.
Hedging their bets:
Then things went pear-shaped. A week ago the Man Group was down 30 per cent in early trading after its profits slumped, potentially wiping '4 million off the value of the Church's holdings. The Commissioners have announced an average return on investments of almost 10 per cent a year over the last ten years. But most of these are in property and equities, which have taken a hammering as markets have fallen; so future prospects are not rosy. Exposure in banking (HSBC, TSB, RBS, and HSBOS, which has fallen a staggering 90 per cent) and mining (in defiance of ethical advice) is also costing the C of E dear ' '
So. Are we miserable sinners going to find our way forward via the ethical directions of the established Church? I fear not. We must press on ourselves. But first, you must get it quite clear in your mind there is nothing new about the secretive banking and finance cult (mammon).
Further reading: 'The Four Gospels '; 'The Babylonian Woe by David Astle; 'War Cycles Peace Cycles by Richard Kelly Hoskins, and especially 'The Money Trick from the Institute of Economic Democracy.
THE UGLY UNDIES OF GLOBALISATION : THE BANKS
by James Reed
As an article on this in The Australian (26/2/09, p.17) says:
'The company has also extended its debt facilities by six months to August 2010. Merrill Lynch analyst David Errington said the lenders decision not to grant a longer extension suggested the drive to save costs was the result of pressure from Pac-Brand 's bankers. '
Yes, and to appease the banks, we have to cut our culture, society and traditions to ribbons and that 's as good an argument for social credit as you could get.
THIS IS REAL ALICE-IN-WONDERLAND STUFF
While we know Kevin Rudd is doing the same sort of thing in this country, at this stage the US presents a clearer picture. We are told the financial figures for the many US bailouts have reached the absurd figures of $US 9.7 trillion.
Instead of which, the US government is bailing out their banking/financial cronies, who not only created the credit-debt out of nothing to begin with, but now want to wipe off some of the top-heavy debt figures in their books in the latest attempt to forestall the whole house of credit-cards crashing down around them!
How do they do this, you ask?
The Global THREE 'D 's: The Privateer explains it thus:
The Privateer continues:
Notice how words once associated only with the real physical world are commonly used by the banking/ financial world, thus sowing in our minds the idea that economics (national housekeeping*) and finance/money are often interchangeable terms and both stem from the real world?
'The third of the global 'D 's is - DE-globalisation. This can clearly be observed by noting the fantastic fall in ocean traffic The global result of that is that fewer foreign economic goods are arriving on foreign shores and the flow will contract further in the months and years ahead '
Shipping companies operate within the financial system as does everyone else. An instance of what actually happens was reported to me just before last Christmas. A lone overseas ship was held up in a port in Queensland, not because it didn 't have orders for the cargo it planned to load, as well as an assured overseas buyer, no, it was held up because it could not obtain the necessary Letter of Credit!
*The Wikipedia: original concept of 'economics ': 'Economics is the social science that studies the production, distribution, and consumption of goods and services.
DEBT CART ROLLS ON... DIFFERENT COLOUR, SAME DRIVER
Corporate bonds step where banks fear to tread, Jagger and Power. The Times, 23/3/09:
'Businesses, frozen out by the world's biggest banks, have flocked to the corporate bond market to raise new funds, triggering a 160 per cent surge in debt issuance since the beginning of the year.
About $331 billion ( '229 billion) has been raised through corporate bond issues since January in Europe, America and Britain, compared with $127 billion for the same period last year.
Wikipedia explanation of the Bond Market:
BIG DIVERSITY, BIG TROUBLE
by Brian Simpson
All this we know, but it is good to hear it coming from the Left as it enables students to be able to raise questions which can make their pinko lecturers squirm. If races, like fairies, don 't exist, then why do people of colour put so much emphasis into the racial concept? Why is race so important to them?
Isn 't it therefore 'racist to deny the racial concept if people of colour believe in it? If diversity is so good for a Society, then why does it result in so much trouble? Why is it that the bigger the diversity, the greater the trouble? Please Professor Pinko, explain.
OUR EDUCATION SYSTEM : EATEN AWAY BY PC WHITE ANTS
by James Reed
As a former teacher of English, but also lower high school maths, I can personally understand what is happening here. Our schools are appallingly undisciplined places. Students are frequently out of control, sometimes bashing other students and teachers. Even in the best of classrooms in the public system, it is just teenage child-minding. You can see civilisation draining away, every teaching day. No wonder I was on the verge of becoming an alcoholic.
To turn this back, if we can, we need to recognise that we have a fight on our hands. Personally, I would like to see the home-schooling movement grow and replace this decayed system. It looked like the tree had died. Then, one day I noticed a green trunk coming up from the earth. A new tree was slowly replacing the old decayed tree.Saving Western civilisation is just like that. Let the old tree be eaten away by the white ants of political correctness, let us grow the new tree of knowledge. That 's the quest of the League in a nutshell!
ONE OF OUR NATIONAL TREASURES?
Major General Cosgrove was interviewed on ABC Radio recently. The following is a portion of that interview with a female interviewer on guns and children. Major General Cosgrove was in preparations for sponsoring a Boy Scout Troop visiting his military headquarters.
Female Interviewer: So, General Cosgrove, what things are you going to teach these young boys when they visit your base?
Female Interviewer: Shooting! That's a bit irresponsible, isn't it?
Female Interviewer: Don't you admit that this is a terribly dangerous activity to be teaching children?
Female Interviewer: But you're equipping them to become violent killers.
The radio went silent and the interview ended. Thanks to a supporter for this news item.
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