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13 March 2009 Thought for the Week:

"Let us particularise: The immediate necessity as to which all political parties are agreed is improved housing. The financier says: " Yes, you shall have money for housing as the result of building gunboats for Chile," thereby implying that there is a chain of causation between gunboats for Chile and houses for Camberwell.

Not only is there no such real chain of causation, but the building of gunboats for Chile, or elsewhere, decreases the energy available to build those houses, and when the total available energy is utilised, as has been approximately the case during the war, (WWI) and may easily be so again, not all the gunboats ever sold, no matter what the accounting figures attached to the transaction may indicate in added wealth to this country, will produce one house at Camberwell, or anywhere else.

What is, of course, common to the two is the " inducement to produce," but that may or may not be a sound inducement."

- - Clifford H. Douglas, "A Mechanical View of Economics"


HUMAN SMOKE AND THE END OF CIVILISATION

by Peter Ewer
Nicholson Baker has published 'Human Smoke: The Beginnings of World War II and the End of Civilisation (Simon and Schuster, New York 2008). Unlike most accounts of WWII (excluding the work of David Irving) Baker does not take a victor 's view of the event.
He does not portray WWII as a product of insane Adolf (if insane then how could he have made it to the top?), and virtuous Winston Churchill and Franklin Roosevelt. In fact Baker presents considerable evidence that Roosevelt and Churchill were warmongers who essentially destroyed Western civilisation.

This interpretation that WWII was an outcome of power mongers on both sides manipulated by the financial elite and the arms industry (US aircraft company Lockheed sold aircraft to Germany right up to the start of the war) has upset our intelligentsia. Every review, especially by Jewish reviewers, understandably enough, has been bad.

Yet, the book has been a best seller and from a mainstream press as well. It raises questions which couldn 't have been answered in the received media even a few years ago. This just goes to show, as Shakespeare said, that the truth will out!


$1.2.BN IN BONDS ON WEEKLY OFFER

Mayor Peter Davis, Port Lincoln South Australia wrote:
'The following is a good example of how stupid is our government issuing $1.2 billion of interest-bearing debt per week when it could create the same 'debt (credit) itself and pay NO interest.

According to Fleur Anderson of The Australian Financial Review 27/2/09: | 'Australia will owe at least $200 billion in commonwealth debt within four years as the federal government begins borrowing $1.2 billion a week to stave off the financial crisis.
The Australian Office of Financial Management the agency that issues government bonds told a Senate committee yesterday it had recently accelerated its tender of commonwealth bonds to help fund the federal government 's $42 billion economic stimulus package.

AOPM chief executive Neil Heyden said the agency had increased bond tenders to two $600 million bond offerings a week. This was in line with a forecast blowout of the federal government 's underlying cash deficit to $35.5 billion in 2009-2010 '

Dear reader, picture just what physically happens in the above case: The private financial institutions accept bits of paper from the Commonwealth government 's representative (a 'bond document) and in return the private financial institution releases a set of figures (loan credit [debt]) into the system which the government then draws on to calculate its 'financial national accounting affairs.

On the basis of that credit-debt our children will now be responsible to repay those sets of figures - that ever-growing 'debt forever and a day through the government 's power to tax their incomes, dividends, profits, purchases, etc. Do we live in a mad world, or do we live in a mad world?


DOUGLAS METAPHOR FOR 'MONEY '

Douglas' metaphor for 'money was a "ticket," which is a contract. From his testimony to the Alberta Legislature in 1934: https://www.geocities.com/socredus/douglas-alberta-1934.txt

"Let us examine the monetary system as it stands, as we know it, and in order to do that I think it is necessary again to strip ourselves of a number of misconceptions. A great many of these misconceptions unquestionably arise from what you can call, if you like, practical economics.
You will hear money described as "a medium of exchange"; you may hear it described as a storehouse of values, and a great many things of that kind.
"Now money is not any one of those things, although it is conceivable that from time to time it may take on, as a sort of side issue, attributes which appear to justify that description of it.
Money is nothing whatever but a ticket system which has nothing whatever to do with all these abstract descriptions of it such as a medium of exchange, or a storehouse of values or any of these other things.
It is a ticket system and nothing else if you will bear in mind money is nothing but a ticket system you will save yourself a great deal of trouble by stripping your mind of pre-conceptions."

Later in the testimony:
"Q. Take the farmer. His wealth is, to a large extent, in this province, wheat? "
A. From his point of view, wheat is nothing whatever except something for which he exchanges purchasing power. He doesn't grow, from his point of view, any wealth at all. From the world's point of view he does, but, from his point of view, if he is left with the whole of his wheat on hand, he has no wealth.

"Q. In other words, if the exchange possibility for his wheat for other things remains constant? That is what you are aiming at?
"A. No. We are looking at the problem from a diametrically different point of view. The point of view that I have is that the function of money is no longer that of a medium of exchange.

"Q. I agree with you in that entirely, that money is simply the means of transferring real wealth from one person to another.
"A. No; that is exactly what it is not. (emphasis added 'ed)

"Q. You state it is like a ticket on the railway that enables you to get transportation from one place to another. I will take that view, that money is a means of transfer for that transportation.
"A. That is not the correct interpretation of money. The only correct one is, I believe, that all wealth at the present time is produced by synthetic purposes: that the wheat that the farmer grows does not produce any wealth at all; that the manufacturer of motor cars does not produce any wealth at all.
Those things only become wealth by reason of the fact that somebody else produces roads, and somebody else bakes the farmer's wheat, and a number of such things.
So it is impossible to say that anyone, at the present time, produces wealth, except considered in the light of what everybody else is doing at the present time.
Under those conditions, wealth is a central pool into which everybody is contributing, and the proper function of money is not to interchange between those separate producers of wealth, but to give the general community, by whom the wealth is produced, the necessary power to draw from the central pool of wealth."

For we Australians to be able to draw on the central pool of our own wealth, we must call for a National Dividend, for each and every one of us.
Imagine:
A National Dividend issued on the basis of the productive capacity of Australia Unlimited, so that we can all, individually, personally, choose and enjoy the fruits of our own nation 's production systems.

Further essential reading:
'Charles Ferguson: Herald of Social Credit by Michael Lane $11.50 plus postage; 'Releasing Reality by Eric. D. Butler $5.00 plus postage; 'Economic Democracy by Clifford H. Douglas, $1000 plus postage; 'Social Credit by Clifford H. Douglas $10.00 plus postage; 'The Meaning of Social Credit by Maurice Colbourne, $10.00 plus postage.


HOW DO YOU DEFINE 'WEALTH '?

In the 'Elements of Social Credit lectures, Tudor J. Jones Sc., M.D., (Glasgow), F.R.S.E. of the early Social Credit Secretariat referred to John Ruskin ( 'Unto This Last ') as insisting on a logical definition of wealth as a necessary basis of Economical Science.

Ruskin quoted J.S. Mill, who, after having claimed that writers on political economy professed to teach or to investigate the nature of wealth, gave his opinion that 'everyone has a notion, sufficiently correct for common purposes, of what is meant by wealth and further protected himself by asserting that it was no part of the design of his treatise (Principles of Political Economy) to aim at 'metaphysical nicety of definition '.

Such a need for 'metaphysical nicety of definition was met in John Ruskin 's opinion by the statement that 'there is no Wealth but Life. Life, including all its powers of love, joy and admiration.

These men of science such as C.H. Douglas and Tudor Jones were not satisfied with such a definition and Tudor Jones gave reasons why: 'Ruskin scarcely meant to assert that wealth and life were interchangeable terms, e.g., in the statement that a man in danger of his wealth escaped from the captivity of the Cossacks, leaving all that remained of his life among them.

From the Abstract to the Concrete:
Ruskin went on to say that 'that country is richest which nourishes the greatest number of noble and happy human beings. And to that statement Tudor Jones commented:

'It does not matter much whether the riches lie in the number, the nobility or the happiness. The people of a country can hardly be numerous, as well as noble and happy, without something to nourish their numbers, nobility and happiness upon!

'Bringing the matter down to various kinds of nourishment it is at once brought down from the abstract to the concrete! And so Ruskin, in the context of his writings, also understood it. Wealth is, strictly speaking, not the source from which the needs are supplied but the supplying of the needs.
In other words, a nation 's wealth is what its citizens consume. Apart from wealth, a community or an individual may have assets, but these are not wealth. No nourishment results from the meat in the pantry; but only from the consumption of the meat in the pantry '

And so it is essential we all bring our thoughts down from the abstract to the concrete. This land once known as the Commonwealth (Common Well Being) of Australia produces enough to feed 200 million people. Bringing the matter down from the abstract to the concrete, we know there is enough for all to live well.
Think about what stops the people from having access to that wealth.

We must insist our political representatives stop serving mammon and start serving US! They can begin by releasing the nation 's (i.e., the peoples ') credit by instituting a National Dividend whereby all may have access to the abundance this land produces. There must be a release of the nation 's real credit.

Essential further reading:
'The Story of the Commonwealth Bank by D.J. Amos, $6.00 plus postage; 'The Money Trick $10.00 plus postage.


CRICKEY! CALIFORNIAN CATACLYSM! TAKE THAT ARNIE!

by James Reed
Former steroid-taking Mr. Universe/Olympia, Californian Arnold Schwarzeneger sure has a weight in his hands this time. In February he authorised lay-off notices to go to 20,000 public employees. You see Arnie failed in his bid to get Republicans to vote on a US$14 billion tax increase. (The Australian 19/2/09 p.8)

New public works projects are being cancelled, offices of the Department of Motor Vehicles are closing as fast as a body-builder downs steroids (oops, wrong metaphor apparently big Arnie and the like inject them).
There is a $40 billion budget shortfall because of a decline in tax revenues due to the global financial crisis. Thus California faces a financial collapse.

Let us hope that this will mean the end of Arnie Schwarzeneger 's political career. He was better playing a mindless robot in movies. Maybe, after politics, he could return to his roots, 'pumping iron.


WILL THE GLOBAL CRUNCH BREAK THE CHINA ?

by James Reed
Millions of workers, rural migrants in China, have been laid off of factory jobs. sweatshops making consumer goods for westerners and left like chickens, scratching for a living. About 26 million of China 's estimated 130 million workers are unemployed.
Many, rightly, see this as a 'social time bomb. They have had the taste of the 'good life poor things and are set to respond violently if it is taken from them. Who could blame them if they tear the Chinese system apart?

And 11.1 million Americans feel the same way. So, how did they protest? They put pin-up-boy Obama into office, to save them. When they end up scratching for food like chickens, unlike their Chinese colleagues, they only have themselves to blame.

(See, how can people that I 'm 'racist when I 'm so even, fair and balanced and even have a good word to say for struggling Chinese workers?)


UK: SECRET REPORT REVEALS HOW MEP 's 'MAKE MILLIONS

'A leaked internal report has revealed systematic abuses by Euro MPs of parliamentary allowances that enable them to pocket more than '1m in profits from a single five-year term, writes Jonathan Oliver, The Sunday Times, UK 22/2/09:

The auditor 's confidential report, suppressed by the Brussels parliament, discloses the extraordinary frauds used by MEPs to siphon off staff allowances funded by taxpayers. It shows that some claimed for paying assistants of whom no record exists, awarded them bonuses of up to 1 times annual salary and diverted public money into front companies.

An investigation into the abuses of staff allowances worth up to '182,000 a year - many of which are paid by MEPs to members of their family - was delivered in January last year but was not published.

A copy of the 92-page report, prepared by Robert Galvin, the parliament 's head of internal audit, has been seen by The Sunday Times. It reveals:

- Payments were made to assistants who were not accredited with the European parliament and to companies whose accounts showed no activity.
- End-of-year bonuses worth up to 19 times monthly salary were paid to assistants to allow members to use up their full annual allowance.
- Payments, supposedly for secretarial work, were made to a cr 'che whose manager happened to be a local politician from the MEP 's political party.
- Payments were made straight into the coffers of national political parties.
- Some assistants doubled their money by banking pay-offs from outgoing MEPs at the same time as receiving salaries from incoming ones.
- One MEP claimed to have paid the full '182,000 staff allowance to one person, suspected of being a relative.

The revelations come as British MEPs look forward to an inflation-busting pay rise this year that could see their take-home pay rising by almost 50%. In his report, Galvin said that overpayments of allowances were common, adding:
'Remuneration paid may not always be justified by the real costs of providing parliamentary assistance.

He warned that abuses exposed the parliament to 'financial, legal and reputational risk '. The report was based on a representative sample of 167 payments out of a total of 4,686 made during October 2004.
It suggests that Galvin unearthed only a tiny fraction of the many corrupt practices employed by some of the 785 members of the 27-nation parliament.

His analysis of the 2004 figures then took years to surface within the secretive Brussels bureaucracy. New figures compiled by the TaxPayers Alliance reveal how MEPs can pocket more than '1m over five years by exploiting different allowances. The calculations were inspired by known abuses of the system, which Brussels insiders claim have been commonplace '.

Source: https://www.timesonline.co.uk/tol/news/politics/article5780750.ece


NEW SLOGAN FOR SMART STATE? HUH '?

by Betty Luks
Forgive me. I was under the impression Queenslanders were going to a State election at the end of this month. I must be mistaken.
The Liberal-Nationals in Opposition I might add thinking 'the gala affair a matter of such moment have announced Queenslanders will be given a choice of slogans yes, I said slogans, 'to describe their state under a Liberal-National Party government. (Courier Mail, 1/3/09).

After considering the news items filling the media in these troubled times, Queenslanders could suggest Mr. Springborg consider the slogan 'The Asian Banana-State '?

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