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9 December 2011 Thought for the Week:
“Nothing is so well calculated to produce a death-like torpor in the country as an extended system of taxation and a great national debt.”
“The tendency of taxation is to create a class of persons who do not labour, to take from those who do labour the produce of that labour, and to give it to those who do not labour.” (this was before the Industrial Revolution, followed by the Automated, Technological Revolution really did take the burdens off the backs of men…ed)
“The Christian religion, then, is not an affair of preaching, or prating, or ranting, but of taking care of the bodies as well as the souls of people; not an affair of belief and of faith and of professions, but an affair of doing good, and especially to those who are in want; not an affair of fire and brimstone, but an affair of bacon and bread, beer and a bed.”
- - William Cobbett (1763-1835) quotes
The Institute of Public Affairs has released a carbon tax calculator which shows the true impact of the carbon tax on the price of electricity. This will be available from all Coalition Members and Senators. See the Carbon Tax Calculator
Nigel Farage is an EU British politician and Leader of the UK Independence Party (UKIP). He is a current Member of the European Parliament for South East England and co-chairs the Eurosceptic Europe of Freedom and Democracy group.
BURYING US UNDER RADIOACTIVE WASTE FOR FEW DOLLARS MORE
by James Reed
Am I joking? Only the Greens have so far noticed that so-called environment minister Tony Burke, despite saying that the Olympic Dam has the “toughest environmental conditions that you’ll ever find imposed on a uranium mine” has allowed mine tailings to be simply dumped and left on the land surface! This is radio-active material with a half-life of 4-5 billion years. The material exists in powdered form, all 70 million tons of it. The huge winds in the area will quickly deposit radio-active material all over Australia including Sydney. How will the migrants like that! Will Asians want to come to a radio-active wasteland that Australia could become?
A plea to our political leaders: we know that you don’t care about Anglo-Australians and would be very pleased to nuke them, but doing this to multicultural Australia is just … radio-active racism! The UN will hear about this and write you a very stern letter indeed.
Update: Olympic Dam bill passes SA Parliament, ABC News 29/11/2011:
WHOOH THERE, AM I READING THIS ARIGHT? PAY OFF PEOPLE’S DEBTS?
Economist Steve Keen is one of the few economists to have predicted the global financial crisis and now he says we are already in a Great Depression. He says the way to escape it is to bankrupt the banks, nationalise the financial system and pay off people's debt. He admits what he is advocating is radical but says it is time governments gave money to debtors to pay down debt instead of to creditors such as banks who have held onto it.
According to the Sydney Morning Herald, 19/11/2011, Total household debt in Australia at the beginning of 2010 increased, from five years earlier, 71 per cent!
‘OCCUPY’ MOVEMENT LACKS FOCUS AND UNDERSTANDING
by Wallace Klinck, Canada
In recent decades Ireland has been lifted by the Financial Ascendancy from economic doldrums to unprecedented prosperity only to be dashed subsequently upon the shoals of financial ruin. Douglas advised us to concentrate our efforts in order to score a breakthrough and not to dissipate our resources by spreading them too widely. One decisive success at a time. Any nation that attempts to implement Social Credit will likely be placed under greater duress from the international financial powers so that nation must be prepared for a vicious propaganda, financial and perhaps even military onslaught.
A Sustainable Economy
Thus, with relatively low prices a Social Credit economy would be able to out-compete other nations in the export markets and for this reason alone would be considered a threat to other nations existing within the international financial hegemony. However, a Social Credit dispensation would not be under pressure to achieve an excess of exports over imports and external trade would become balanced rather than increasingly competitive -- rather than striving for excess export of goods and services, increasingly as now, evermore in the form of military expenditure.
Rather than dropping our "National Dividends" on other nations in the form of bombs we would in a Social Credit nation choose increasing release from the Wage-Slavery of the Work State in the form of growing Leisure. The Leisure State would be benign rather than malignant as is the Work State. The British Social Credit technician and prominent activist, John Hargrave, expressed the matter succinctly and with powerful accuracy in declaring, "He who calls for Full-employment calls for War!"
Banks Appropriate the Community’s Capital
Surely by the examples of State appropriation of national credit creation such as in National Socialist Germany, Fascist Italy and the Soviet Union we should have a clear object lesson of the destructive results to be expected from the centralisation of credit-power in the hands of the State. We do not want creative initiative to be stifled, misdirected, controlled or appropriated by centralised control of policy. Creative initiative is critical to the efflorescence of society and involves the real credit of a nation. The latter resides primarily with the people at large and must be allowed to flourish independently and spontaneously and the power of credit creation required to actualize this creativity should reflect this reality.
Social Credit stands for optimal and widespread decentralisation of power. The National (Consumer) Dividend and the Compensated (Retail) Price are mechanisms designed to compensate for the deficiencies and travesties of the existing financial order by terminating its monopoly over the creation of financial credit. This would confer upon all citizens their rightful share in the communal capital which derives from the Unearned Increment of Association and the Cultural Heritage.
From a Social Credit standpoint all new production must, in final analysis, be financed by new credits because monetary saving of earned incomes prevents or defers liquidation of the financial costs incurred through their issue during the original production process. If such savings are re-invested this will create new goods with an attached commensurate equal amount of new financial costs to be recovered from sales.
Money, properly, defined is a unit of measure
Douglas gave us the example of the cattle producer of a number of cows who made an equivalent number of leather discs and issued them to members of the community in exchange for goods and services--the option of any recipient being to redeem one or more of the discs for an equivalent number of cows. Would we want the State adjudicating this process or usurping the right of issue from the cattle producer?
THOSE WHO LIVE BY THE EURO DIE BY THE EURO
by Peter Ewer
However, moving beyond Lewis and ‘conservatives’ like Janet Albrechtsen, the fault must lie with the modern culture of Money, Mammonism, which sees affluence, indulgence and greed as intrinsic goods. Modern man has embraced a degenerate philosophy, a false god that will only deliver, ultimately, a sticky end.
THE SOCIAL CONSTRUCTION OF DEBT - and THUS OF MONEY
by Peter Ewer
There she said that just like in a household, Euro debts have been wiped out like kid’s debts from a white board. She cites David Graeber’s “Debt: The First Five Thousand Years” which argues that debt is a socio-economic construction and that in the end, most debts are written down rather than honoured. Macken points out that the average Joes are cottoning on to all of this. My god, perish and forbid – whatever will happen when Joe sixpack comes to realise that money too, is a socio-economic construction, a set of arbitrary conventions set in place by those who rule? Why Joe will drop his sixpack of beer and join our crusade, won’t he? (Maybe – after more beer!)
THE WESTERN LEADERS’ BETRAYAL OF CIVILISATION
by Betty Luks
Wow! Shades of the Grid Systems and Smart Meters!
But if we are going to understand the psychology and philosophy behind the push for a New World Order, rather than refer back to early 20th century science fiction, what about ‘dusting off the covers’ of some eyewitness accounts of life under the Soviets and/or the Communists in China? It was survivors of the brutal regimes who wrote of life under such ‘utopias’.
Along with what Bill Gates wants to do, the Soviet leaders centralised control in their own hands and directed the lives of the citizens. In 1973 Alexander Solzhenitsyn bravely wrote a long letter to the Soviet leaders in which he warned them that not only were they headed for disaster but so was the West.
Chapter 3 “Civilization in an impasse” reads:
How fond our progressive publicists were, both before and after the revolution, of ridiculing those retrogrades (there were always so many of them in Russia): people who called upon us to cherish and have pity on our past, even on the most god-forsaken hamlet with a couple of hovels, even on the paths that run alongside the railway track; who called upon us to keep horses even after the advent of the motor car, not to abandon small factories for enormous plants and combines, not to discard organic manure in favour of chemical fertilizers, not to mass by the million in cities, not to clamber on top of one another in multi-storey blocks.
How they laughed, how they tormented those reactionary 'Slavophiles' (the jibe became the accepted term, the simpletons never managed to think up another name for themselves). They hounded the men who said that it was perfectly feasible for a colossus like Russia, with all its spiritual peculiarities and folk traditions, to find its own particular path; and that it could not be that the whole of mankind should follow a single, absolutely identical pattern of development.
No, we had to be dragged along the whole of the Western bourgeois-industrial and Marxist path in order to discover, at the end of the twentieth century, and again from progressive Western scholars, what any village greybeard in the Ukraine or Russia had understood from time immemorial and could have explained to the progressive commentators ages ago, had the commentators ever found the time in that dizzy fever of theirs to consult him: that a dozen maggots can't go on and on gnawing the same apple forever; that if the earth is a finite object, then its expanses and resources are finite also, and the endless, infinite progress dinned into our heads by the dreamers of the Enlightenment cannot be accomplished on it.
“The West’s Betrayal of Civilisation” – all of us are standing on the brink of a great historical cataclysm… BBC address 26 March 1976
JON CORZINE AND HIS BIG PONZI SCHEME
A phone call from a long-time supporter was to remind me that the Jon Corzine currently in the news is probably the same Jon (John spelling error?) Corzine referred to in the updated edition of “The Money Trick”, page 31 ($10.00 + postage). Sure enough it is, and upon searching On Target archives a number of references to the person in question can be found.
FoxNews.com reported 22 November 2011: “Missing MF Global Funds Could Top $1.2B, Trustee Says”:
Regulators are now probing whether MF Global tapped money from clients' accounts as its own financial condition worsened, a violation of securities rules. The FBI is also investigating whether New York-based MF Global violated any criminal laws. The firm collapsed after making a disastrous bet on European debt.
Just in case ‘conservative’ Australians think that Madam Guillotine and her Labor comrades are possibly the most centralist government they have ever experienced, let me remind them of how we got into the present mess by quoting from an article written in 1996:
“Down the Hole with Howard and Costello”:“Early in June, (1996) representatives of the world's 100 largest banks arrived in Australia for a conference, which attracted relatively little media interest. Members of this group spent half a day discussing what they required from countries around the world who want them to bankroll them. According to a Financial Review report, Mr. John Corzine, Chairman of the well-known U.S.A. investment bank Goldman Sachs and Co., and a former central banker, outlined the rules which should govern lending:
Rule number one was that there was "no substitute for consistent, disciplined fiscal monetary policies... We should not lose sight of the fact that for individual countries, chronic account deficits are a symptom of structural imbalance taking the form of over consumption and under savings". In other words, nations which allegedly are "living beyond their means" must be "disciplined" by financial restrictions. International banker Corzine then spelt out what was required from countries like Australia: "Commitment to privatisation, subsidy reduction, progressive tax policies, reduced public payrolls, pension reform..." According to Corzine these measures would "solidify credit-worthiness, enhance competitiveness, and send welcoming signals to investors".
Later in this conference, those described by Alan Kohler of The Age as "Financial monsters (who) reshape the world", invited Prime Minister Howard to address them. They wanted to hear from the Prime Minister of a so-called sovereign nation about his financial programme. John Howard was to be assessed on Australia's "credit-rating"; whether he should be permitted to borrow any more from those who were making it clear they were his financial masters.
John Howard was given top marks, as well he should considering his financial programme. He and his Treasurer Peter Costello have now informed Australians that the financial "black hole" they discovered after they had won the March 2nd election, was even bigger than they thought… Press reports state that more than a third of Australia's most prominent economists think that the Howard Government's proposed Budget cuts are appropriate, while a similar number are happy with the Government's progress in "reforming" industrial relations. Most of the economists quoted work for the big banks, these also desperately attempting to become even bigger and more centralised in keeping with the philosophy of centralisation…
“Wall Street Boyz Occupy MF Global…Celente, Too!”
Further comment: John Howard and Peter Costello the ‘conservative’ economic rationalists. Both were/are zealous devotees of the gospel of ‘economic rationalism’... and were advised by officials who worship the same god.
* “Asses in Clover” by Eimar O’Duffy, $18.00 + postage, Heritage Bookshop Services.
AFRICA NEXT DOOR: THE COMING ANARCHY
by Peter Ewer
LETTER TO THE PRESS
The Editor of The Australian, 29th November 2011:
James Allan, usually such a good advocate for free speech, has made two errors in his latest article ('Hate speech law defence is shaky', 29/11). Firstly, his style: there is too much sneering and personalised invective in his approach; and the attempt at neo-Shakespearean parody is terribly laboured.
- - Nigel Jackson, Belgrave, Victoria
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