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12 August 2011 Thought for the Week:
Financial Credit Versus Real Credit We must not let the ruling elite panic us into a world ‘currency’ as ‘the markets’ continue to wobble and threaten to collapse under the present debt-burden. We were told to ‘consider the lilies of the field, they neither sow nor reap – and yet Solomon in all his glory (Money Power of the time) wasn’t arrayed like one of the lilies…’.
This paper “argues that, in contemporary market economies, most production is debt financed. In order to pay off these debts, there is a necessity for economic growth that results in enormous waste of human effort and a misuse of the earth’s resources…”
This morning I received the government's climate change propaganda and we can see from the second page: -
Axe the Tax Action:
Here are two effective ways that the Galileo Movement endorses to protest against the threatened carbon dioxide tax:
THE MARCH OF THE ECO-POLICE; IT’S ENOUGH TO TURN A BLUE HELMET GREEN...
by James Reed
Virtually the entire US Southeast from Texas all the way to DC is currently sweltering under a severe heat wave combined with a hundred-year drought in many areas. Under the UN’s new “climate change peacekeeping initiatives, if crop failures result in riots, they could drop in a few thousand UN troops – all wearing GREEN helmets – and then explain they’re here to save us from “conflicts caused by shrinking resources”.”
STOP THE CARBON TAX
- - Authorised by D.J. Auchterlonie, 145 Russell St. Melbourne 3001
THE LIES OF LIBERALISM
by Chris Knight
It was President George W Bush who put into place anti-Muslim profiling and anti-discrimination legislation which could lead to the company being sued. And it was the intellectually and grammar-challenged Bush who ordered an increase in student visas for Saudis. This example well illustrates the self-destructing nature of liberal ideology.
ASK THE WRONG QUESTIONS - GET THE WRONG ANSWERS
by Wallace Klinck, Canada
Moreover, "reckless" Government spending is unavoidable and inevitable because a fundamental defect exists in the financial system which leads to an ever widening chasm between consumer incomes and industrial costs and prices. Increasingly redundant, irrelevant and destructive activity is required in order to feed "incomes" into this bogus financial chasm, so that goods can be sold and industry may continue to recover its costs and function as a provider of goods and services.
Of course this necessarily requires increased physical waste, continuous inflation of the general price level, increasing debt and taxation to service it (with accompanying expansion of state intervention) and increasing economic insecurity as technology (quite properly) replaces human input into production processes. So long as we maintain the current defective system of finance we have not seen anything yet. We are given a choice of being shot or boiled in oil and the time has long since passed when the general public must call an end to this monstrous fraud and abuse with its ultimate goal of centralised world political and economic power.
The monopoly of credit creation as debt by the banking system must be broken by a supplementary flow of debt-free consumer credit introduced extraneously into the price-making system, in order that the latter may be properly balanced with adequate effective consumer demand, to allow all goods to be obtained with falling retail prices and without debt as these goods emanate from the production line. A mass production system requires a mass distribution system in order to function.
The question of derivatives and debt-financed speculation must not be allowed to cloud our understanding of the more fundamental defect in the basic price-system, where, due to erroneous cost-accounting the existing price-system generates financial costs and prices in an ever greater volume relative to its distribution of effective consumer income capable of liquidating those costs of production--a chasm which expands increasingly with the replacement of human labour by non-human factors of production in the modernizing economy.
THE IMF AND THE FINANCIAL RAPE OF NATIONS
by Mrs Susan Knight
It is all symbolic; symbolic of the way the financiers treat the little people of the world. I, for one, hope that justice is done. A good start certainly has been made. Finally, note as well how there is for these elites no problem in being a financier and a socialist. This well proves what Eric Butler always said about capitalism and socialism being two sides of the one coin.
FREEDOM is the RIGHT to CHOOSE or REFUSE one thing at a time
by Betty Luks
And who are the suckers who will have to pay back not only the 'borrowed' money but the compound interest as well? Why the same suckers as those Julia Gillard has in her sights for her carbon taxes.
Please listen carefully to Jeremy Lee on the “New World Order and Global Debt”, (1992) and then tell your fellow Australians what you are actually fighting for!
I listened once more to Mark Steyn’s message to Andrew Bolt. Mark takes us all back to Magna Carta and hence to our British history and why the Barons were willing to ‘take on’ King John (along with his foreign ‘occupation force’ at the time) even unto death.
In 1991 Canadian Barrister Douglas Christie came to Australia at the invitation of the League of Rights to explain what Australians could expect if they were negligent enough to let their politicians insert ‘human rights’ legislation into the legal framework of this land. Along with other Commonwealth countries, Australia shared a heritage of principles of justice and freedoms based upon British Common Law.
Well, it happened, Australians had lost the interest and the will to defend their freedoms.
DVD: "War Crimes Threat to Christian Justice" speaker Douglas Christie. Price: $12.00 including postage.
TO WHICH LAW IS THIS ABORIGINAL/JEWISH GENTLEMAN APPEALLING?
This film is about the customs and quarantine laws of Australia. The gentleman featured in the film is protesting that he is not under the same laws as other plane travellers and should not be subject to the same requirements. Result? He was found to be bringing into the country declared illegal foods and flora even though on the declaration form he declared he was not.
Is this another case of ‘all people are equal, but some are more equal than others’?
I wonder what Aboriginal community groups such as the Yindjibarndi of West Australia (below) think of this situation as they fight for what they believe are their rights against the big mining companies – and want to protect their heritage?
YAC questions FMG Solomon leases, Rebecca Le May:
But Yindjibarndi Aboriginal Corporation (YAC) says it's incorrect for Fortescue to refer to the Solomon mining leases as being valid.
The objections to the leases being granted are centred on the mining activities disrupting the religious practises of the Yindjibarndi people and the damage to the social structure of their community.
TILTING TOWARDS CRISIS
by James Reed
The Big Tilt continues the theme that Salt has pursued in articles in The Australian, namely that the ageing of the baby boom generation will result in a demographic catastrophe unless immigration is increased ever more. Specifically, in the early 2010s.
Australia’s working-age population will contract by 30,000 – yes 30,000 – not 3,000,000. Salt says that this is the “essence” of the “big tilt” and denies that this is a “ “growth-ist plot” to ramp up the level of immigration.” (The Weekend Australian, May 28-29, 2011, p.5)
The Australian devoted a page to Salt to outline The Big Tilt (but only a mention of Dick Smith’s more important "Population Crisis: The Dangers of Unsustainable Growth for Australia", (Allen and Unwin, 2011)). No mention was made of an extraordinary remark on page 272 of Salt’s book which predicts that at the end of the 21st century, even after mass immigration, Australia may be “commandeered” but not necessarily by foes. Salt does not elaborate but this refutes his entire project.
What is the point of “populate or perish” if after populating, Australia perishes? In fact Australia as we know it will have already ethno-racially perished long before that point, probably within 20 years if we continue our slumbers.
THE SINGULARITY: THE LOGICAL CONCLUSION OF TECHNOLOGY
by Chris Knight
What will happen then when the present masters of the universe find themselves shoved off of No.1 bench? These supermachines will not be open to bribes or politically correct guilt. Armed with weapons far beyond our comprehension and an IQ to boot, the elites may find that they have bitten off more than they can chew, with choking an inevitability. I, for one, will not cry for them.
CHATTERING CLASS CHOMP CARBON CREDITS
by James Reed
Ultimately, a carbon tax is a carbon tax and we will at some point pay more for what we consume. Isn’t that the point of it all, to tax polluters? And we are all polluters, by definition. As with the GST, there will be much BS and economic black magic to lie to the great unwashed out there. But in the end, the economic vampires will feed on their life blood. It’s just the way politics is.
APOLOGIES TO THE CHINESE WHEN CHINESE APOLOGISE TO CHINESE
by Peter Ewer
It is true that the New Zealand prime minister Helen Clark has apologised to the Chinese peoples’ descendants who had to pay a poll tax. Her government threw $NZ 5 million to establish a Chinese Poll Tax Heritage Trust, but “people who paid the tax were not personally compensated.” Yes, they were long dead. Not to be outdone Canada offered a “symbolic payment” of $C 70,000 to descendents of those who paid the tax. Apart from the question of proof, how exactly can this correct an accounting “wrong” because the descendents didn’t pay the tax?
Kelley wants Australia to apologise to the Chinese. Well, how about the present communist Chinese government apologise for the cultural revolution of old Chairman Mao which led to the genocide of 100 million Chinese. Correct this injustice before talking about a poll tax injustice.
WHY NOT GIVE THE ENTIRE THIRD WORLD A “BLANK CHEQUE”?
by Peter Ewer
Would ancient Greece, Rome, Sparta or even Europe of 200 years ago have contemplated anything like this? How do you think communist China of today would deal with this problem?
IMMIGRATION, THE RESOURCES BOOM AND THE GREAT MIGRATION CONSPIRACY
by Peter West
1. Alarmist claims about workforce growth if immigration were reduced are false. With net overseas migration at 90,000 a year, and labour force participation rates unchanged, the workforce will expand 1.0 million over the 11 years to 2021. CPUR workforce projections show that, if these participation rates increase (as they have over the past decade), workforce growth will be nearer to 1.7 million over this period
2. Australia needs a lower but better-targeted immigration program. The bulk of current migration has little to do with providing scarce skills to the resource industries. Rather, it is delivering two major streams. One is a predominantly professional flow to the big cities where the immigrants are being employed in people-servicing industries such as health and welfare. The demand for these services is, in turn, partly driven by migration-fuelled population growth. The other stream is a mass of people on temporary visas such as students and working holiday makers. Again, they go to the major cities, and work on a casual basis, reflecting their visa status.
3. The solution to the resource industry’s need for workers during the start-up construction phase of the resources boom is temporary workers. On this point, the report agrees with the government. However the report disagrees with the government’s policy relating to the length of stay of temporary workers on 457 visas. The government encourages them to seek permanent residence visas. About half of those issued with 457 visas in recent years have obtained permanent residence visas after a few years temporary residence. This policy must be changed if the temporary influx during the resources boom is not to become permanent, as occurred in Western Germany in the aftermath of its guest worker program in the 1960s.
4. As is now widely recognised, the resources boom Mark 2 will lead to the contraction of some metropolitan-based industries, such as manufacturing, mainly because of the appreciation of the Australian dollar. In this context, it makes little sense to pursue a high immigration policy which promotes rapid metropolitan population growth. The report documents this argument through a case study of Melbourne. If the current high-population growth pathway to promoting economic growth continues, the fiscal dividend that the Commonwealth will reap from the resources boom will be squandered on city-building. This dividend would be far better spent on training the domestic workforce and investing in knowledge-intensive industries.
WHERE ALL THE GROUND KISSING TO CHINA LEADS
Behind the “need more workers argument” lies the resources boom and flogging Australian coal and minerals to China so that China can sell value-added products back to us and so that China can grow richer and be No.1, giving White liberals in the West warm and fuzzy feelings as they wallow in their false moral superiority like pigs rolling in their filth.
All in all, Australia will deserve what is coming because of its pathetic lack of nationalism. Perhaps even after the collapse of the mineral export market our crop of capitalists will still be spluttering about the need for more magical migrants to kick start economic growth.
BUT WATCH OUT FOR THE CHINA CRISIS
All of the above assumes business as usual for the mighty god-like Chinese economy, something our less-than-potent capitalists look at with religious awe. Yet there are gathering dark clouds on the economic horizon, with the Australian Treasury warning about China’s difficulty in controlling inflation (“Treasury’s warning about China”, The Australian, July 21, 2011, p.1) as has the IMF. Perhaps it is time too for China to experience a bit of economic pain as it faces a “hard landing”..
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