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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.
- - Clifford H. Douglas, "A Mechanical View of Economics"
HUMAN SMOKE AND THE END OF CIVILISATION
by Peter Ewer
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:
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.
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.
Later in the testimony:
"Q. In other words, if the exchange possibility for his wheat for other things remains constant? That is what you are aiming at?
"Q. I agree with you in that entirely, that money is simply the means of transferring real wealth from one person to another.
"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.
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.
Further essential reading:
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:
'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.
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.
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:
CRICKEY! CALIFORNIAN CATACLYSM! TAKE THAT ARNIE!
by James Reed
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).
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
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:
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:
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.
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 '.
NEW SLOGAN FOR SMART STATE? HUH '?
by Betty Luks
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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