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8 June 2012 Thought for the Week:

The Diamond Jubilee: H. M. Queen Elizabeth II


Mounting debt mainly is not a result of compounding bank interest. This is the discredited debt virus theory. As the Douglas analysis shows, modern economies can not thrive without a steady injection of fresh money. Under the present system, such extra money can come into circulation by borrowing, either for expansion of industry or government deficit spending. This is the cause of mounting debt. Since orthodox economists can explain rise in debt only by that theory, this shows that their basic reasoning is wrong. Mounting debt is one of the strongest lines of evidence that Douglas was right.
- - J. R., Social Credit discussion group, May 2012

The Crime of the Canadian Banking System by Bill Abram
This former high school teacher has done his homework. He retired in 1985 to find out how the world system really works. All those who claim, as the Barking Dogs of Lew Rockwell (do) that a monetary system must have the backing of a suitable commodity are proven wrong in this 25 minute video. From 1935 to 1974 the Bank of Canada kept Canadian citizens prosperous by issuing their own currency usury free. Pay attention to this educator. He uses every teaching gimmick available as he ably illustrates just about every angle conceivable. Don't get bored with his long introduction of Canada statistics. He also covers the Federal Reserve system in the US. In all of his presentation he never once covers anything too complicated for even the average mind to comprehend.
- - Daniel Krynicki Social Credit discussion group, May 2012
P.S. At the end, credit is given to the Michael Journal so clearly he was influenced by Social Credit. Yet not once did he mention social credit or the dividend or compensated price. If Canada did a great job of managing money from 1935-1974, then how much better would things have been with full-blown social credit!?


The Greek president proposed a technocrat govt, by Christine Pirovolakis: Greece's president suggested a government of technocrats be created in order to avoid new elections after coalition talks with party leaders hit a deadlock. President Karolos Papoulias held a broader meeting with the heads of six of the seven parties that won parliamentary seats, in an effort to find agreement after the May 6 elections produced an inconclusive vote.

Excluded from those talks was the ‘extreme far-right fascist party’ Golden Dawn, despite its win of 21 seats in the 300-seat parliament. And so, back to the election process once more, to be held on 17 June.  


writes Andrew Bolt: “Amanda Vanstone says Labor bungles may sweep Tony Abbott into office, but they’ll make a misery for him afterwards (14 May, 2012). None of this is good news for Tony Abbott. Labor’s economic incompetence may well contribute to a tidal wave that sweeps Abbott into office. But the mess will be there for an incoming government to clean up... The first few years will be the hardest for the Abbott government. Horrific. New MPs and new ministers, euphoric with victory, will have things they would like to do. But there will be little cash to play with.

The Coalition is committed to removing some taxes (less money in) and to some spending initiatives (more money out). By the time a new government takes office, net government debt will be close to $300 billion, about four times the debt the Howard government paid off.”

Oh dear, more of the same orthodox ‘claptrap’ - by Betty Luks:
Andrew, at times I enjoy what you write but this time I must protest. I am so sick of reading the same “orthodox” claptrap from the mainline media. It goes something like this: “Woe is us! Labor (or Liberal - it depends on whose turn it is) has got us into such a mess, so when we do come to power ‘the cupboard will be bare of cash’.” Or it could be “Woe is us! That dreadful party left the cupboard bare but we didn’t know just how bare till we came to office.”

Andrew, ‘money’ is created and destroyed every minute of every day, not only in this country but world-wide. The great bulk of ‘money’ in a modern society is known as ‘credit’ and not only comes into existence as a debt but is mainly in the form of computer ‘blips’ on a computer screen. Once upon a time ‘cash’ was in the form of notes and coins. Yes, we all know that the socialist Labor government is wasteful and incompetent and the national debt has reached horrendous numbers – but let us not forget that the Howard government sold off the nation’s real assets in order to reduce the national debt, and then claimed how great they were as money managers!

Tell me Andrew, just what are the Liberals going to do that is different from Labor? The Liberals track record is no better. Neither mainline party has any long-term answers. The Debt Clock continues to record Australia’s growing debts to the same bankers who run the rest of the world. What I find so amazing is the complete silence on the part of the mainline media about the recent startling revelation by Professor Steve Keen of West Sydney University – banks can and do create credit - a form of money - out of thin air. I would have thought that was indeed newsworthy. But not so.

Thank God the people of the world now have their own means of communication. Despite the mainline media’s ban on such news as that of Professor Keen, it is all over the internet!  


Mount Isa MP and State Leader of Katter's Australian Party, Rob Katter, has called on the six Australian universities who have embarked on a research investigation dubbed the Livestock Methane Research Cluster to get a reality check.

The newly established research unit which also includes scientists from Canada and the CSIRO has been met with strong criticism from Mr Katter who initially thought the article had been misplaced from the comic section in the newspaper. "It's a cluster alright and this sort of research into stupidity will tarnish the good name Australians have for themselves on the international stage," Mr Katter stated.
"We have Australians dying out there from diseases that can be cured given the necessary resources and when this sort of stupidity takes precedence it's enough to take the wind out of every decent Australian - and that will give the scientists something to measure," Mr Katter said. "It's pretty clear this is simply heading towards the introduction of another tax and it's high time the ALP and LNP drew a line in the sand and supported Katter's Australian Party on its stance."

The research unit's prime objective states that it will measure and manage methane emissions from livestock. "If they truly want to come to a conclusion on how to manage mother nature then I suggest they write in their report that livestock must cease to reproduce which will save them all a hell of a lot of time and money which could be spent on researching something serious," Mr Katter said.

Editor’s comment: I would have thought the hot air-emissions that come from Parliament House, Canberra needed to be examined before that of the cows! But one does wonder just how the CSIRO will ‘manage’ the flatulence from cows. The mind boggles.  


What About Not Taking Migrants in the First Place? A Soapbox entry (The Australian, 16 April, 2012 p.18)
“What about a Fair Go for Immigrants,” points out that immigrants who came to Australia on a “Skilled Migrant” visa often find that their skills are not recognised in Australia. They then face the insult of obtaining the equivalent qualifications here. Another article (The Advertiser 17 April, 2012 p.14) mentions the long waiting times for approval of some visa applications.

Clearly then, the establishment is not really concerned about an alleged “skills crisis” and merely wants to fill up Australia and alter the ethno-racial demographics. Why else would a society take in people who are unable to meet basic language requirements? So how about the wisdom of not taking the migrants into the country in the first place? There’s my soapbox. 


by Brian Simpson
Scientists believe they have found a single gene linked to intelligence, according to research published in Nature Genetics recently. The gene is called HMGA2 and has only a small measureable effect on IQ. Previously it was thought that many hundreds of genes contributed to intelligence and this I believe is still true given that the effects of HMGA2 are only small and that a brain requires many genes to function.

The genetic study was conducted by a network called ENIGMA, which, by pooling resources was able to study the relationship between 21,151 MRI brain scans and genetic data. The environmentalist position gets weaker by the day.  


by Jonathan Benson, (NaturalNews).
Amid all the controversy over genetically-modified (GM) crops and their pesticides and herbicides decimating bee populations all around the world, biotechnology behemoth Monsanto has decided to buy out one of the major international firms devoted to studying and protecting bees. According to a company announcement, Beeologics handed over the reins to Monsanto back on September 28, 2011, which means the gene-manipulating giant will now be able to control the flow of information and products coming from Beeologics for colony collapse disorder (CCD).

Since 2007, Beeologics has been studying CCD, as well as Israeli Acute Paralysis Virus (IAPV), for the purpose of coming up with intervention-based ways to mitigate these conditions. And based on the way the company describes both CCD and IAPV on its website, Beeologics has largely taken the approach that intervention, rather than prevention, is the key to solving the global bee crisis.

Now that Beeologics is owned and controlled by Monsanto, the company is sure to completely avoid dealing with the true causes of CCD and IAPV as they pertain to Monsanto's crop technologies -- GMOs and their chemical counterparts. So going into the future, it seems expected that Beeologics will come up with "scientific breakthroughs" that deny any link between CCD and GMO technologies, and instead blame mystery pathogens and other factors that require more chemicals to eliminate.

According to Anthony Gucciardi at Activist Post, Beeologics has also long had a cozy relationship with the U.S. Department of Agriculture (USDA), which is convenient for Monsanto. The USDA, in fact, considers Beeologics to be one of the foremost bee research organizations in the world, as does the USDA's Agricultural Research Service (ARS), the mainstream media and "leading entomologists" worldwide, according to the company. Monsanto to use Beeologics' 'biological tools' to develop more GMOs, crop chemicals:
Beeologics' acquisition announcement explains that Monsanto plans to incorporate all the biological research that Beeologics has conducted over the years into its own programs for developing more GMO systems. Monsanto has also seized control of a key product that is currently in the Beeologics development pipeline that supposedly "help[s] protect bee health."

"Monsanto will use the base technology from Beeologics as a part of its continuing discovery and development pipeline," says the announcement.
"Biological products will continue to play an increasingly important role in supporting the sustainability of many agricultural systems."
To translate, it appears as though Monsanto plans to use even more chemical inputs to supposedly solve the bee collapse problem, even though it is these very inputs that are largely the cause of the bee collapse problem. Several recent studies, after all, have definitively linked crop pesticides and herbicides, as well as high fructose corn syrup, to CCD.

The future looks bleak for bees, in other words, as Monsanto appears poised to slowly gobble up all the competing companies and organizations that threaten its own GMO products, while pretending to care about the dwindling bee populations. And unless drastic action is taken to stop Monsanto in its continued quest to dominate global agriculture, the food supply as we know it will soon be a thing of the past. Source:


by Brian Simpson
You may have seen the James Cameron movie Avatar. The paper-thin plot involves the bad white human beings wanting to get minerals from the planet Pandora of the wonderful blue people who live in harmony with nature. White race traitors join forces with the blue guys and defeat the white military-industrial complex guys, but this movie was so ideological and anti-us that I rebelled. The blue people I saw as just Bob Brown-like clones.

Now, oh sweet irony, James Cameron and other billionaires have a new company, Planetary Resources, which plans to use space robots to mine asteroids. Asteroids are thought to contain valuable minerals such as rare earths and could yield trillions of dollars. (The Australian 21 April, 2012, p.3)

There are legal questions, such as: who owns the rocks? The answers will come very swiftly: We who can take them, so stop us if you can. I wonder if James Cameron will consider this theme variation for Avatar 3?  


by Joseph Jones
Political correctness has gone so far now that even Israel is criticised for “apartheid”. Thus “Living Under the Cloud of Israel’s Cruel Apartheid” The Weekend Australian 5-6- May 2012, p.13 takes the case of an Israeli citizen who is married to a Palestinian from the West Bank. Under Israeli law Palestinians from the West Bank are not permitted to migrate to Israel, even if their spouse is in Israel. Israel has other laws such as Palestinians who live in East Jerusalem lose their right to Israeli residency if they marry a Palestinian and move to the West Bank.

The husband is quoted as saying: “Any immigrant who is coming to Israel from Ethiopia or Russia who is new to this city, the minute he puts his feet down at the airport, he has more rights than I have. I’m talking pure racism, which is beyond apartheid. Under apartheid, there were cases where people were allowed to have mixed marriages.”
I find this absurd. There are 1.6 million Arabs in Israel and 5.9 million Jews, some 20.5 per cent of the population of Israel. The immigration laws criticised in the article are discriminatory by liberal-left politically correct standards, but they operate for what would be seen as (and I would think by most Jews) for the higher good of preserving Israel.

If asked whether or not the same logic applies to Australian immigration and the Asian question, would the answer be? I am not interested in this issue, only Israel, but I accept that the logic of my defence would be relevant to the question.  


A mentally retarded 17-year old was raped in the Johannesburg township of Soweto, South Africa in early April. The gang rape was filed and then s[read by cell phones. The film shows her being raped by seven different males. A truly shaking event indeed in a politically correct state which had 56,000 rape cases reported to the police in 2011.
The government’s own Medical Research Council reported that only one in twenty five rapes were reported to the South African police. One quarter of South African men (and this is predominately black) admitted to raping a woman or girl. Such statistics did not exist under apartheid. How would one explain this? Source: http://ca.news 18/5/2012 


Press Trust of India, 14 May, 2012. London:
Tibetan spiritual leader the Dalai Lama today received the prestigious 1.1 million pound Templeton Prize and announced that most of the prize money will go to 'Save the Children' fund in India.

Speaking at the St Paul's Cathedral where he received the prize, 76-year-old Dalai Lama said that most of the prize money will go to the 'Save the Children' fund in India, with smaller bequests to a science and religion group which is studying the effects of Buddhist practice and to a project to train Buddhist monks as scientists. About 900,000 pounds will go to 'Save the Children', an Indian NGO that works for child rights, with 125,000 pounds set aside for 'The Minds and Life Institute', a US based non-profit organisation. Money will also go towards a fund to educate Tibetan monks about science.

The Dalai Lama, who leads a Tibetan government in exile in India, is being awarded the prize for encouraging "serious scientific investigative reviews of the power of compassion", and its potential to address world problems. The John Templeton Foundation said that he was chosen for exploring these issues, which are key themes of his teachings, with people beyond his own religious traditions.

It is the 40th anniversary of the Templeton Prize, which was established in 1972 as a global award honouring a living person who affirms "life's spiritual dimension", whether through insight, discovery, or practical works. "With an increasing reliance on technological advances to solve the world's problems, humanity also seeks the reassurance that only a spiritual quest can answer," Dr John Templeton, President of the foundation and son of the late prize founder said.

"The Dalai Lama offers a universal voice of compassion underpinned by a love and respect for spiritually relevant scientific research that centres on every single human being," he added. Previous awardees of The Templeton Prize included Mother Teresa.
While receiving the prize the Dalai Lama also said that he was shocked over the riots in London and other towns across Britain last summer, and expressed his sadness over the incidents in a letter to Prime Minister David Cameron. "I have the idea of Englishmen as mature, sensible, law-abiding people. If (riots) happen in England, it is a shock," he said. "I sent a letter to the prime minister in which I expressed sadness and urged to him to think about the causes of the riots," he added.

The root cause for the riots, according to him was that the young were being "brought up to believe that life was just easy. Life is not easy. If you take for granted that life will be easy, then anger develops, frustration, and riots." Asked about the Occupy protest outside St Paul's, he said: "If their reasons and motivations are sincere, then I will join with them." He thought the protests were justified as a way of bringing to light grievances which would otherwise have been ignored.  


writes Robert Fisk, The Independent, 14 May, 2012.
Must we stand idly by while world leaders spout this codswallop? Even Churchill told the Empire that Britain would 'not stand by idly and see Poland trampled'. Funny how the news agenda gets tired. Like the quotes.

Only a couple of months ago, we were all bracing for Israel's attack on Iran's nuclear installations. And for serious pressure on Bashar al-Assad to end his "barbaric campaign". I quote Susan Rice, La Clinton's lady at the UN. And now? Well, Bashar lingers in his palace while Iran goes off the boil. Instead, it's the underpants bomber. Or the super-underpants bomber. Or rather the super-underpants bomber who wasn't – because it was a sting operation and a CIA man (or a British agent "of Middle East origin"; choose as you wish) posed as a would-be super-underpants bomber to get hold of the super-underpants bomb so it could be taken to pieces by the lads and lasses in Langley, Virginia.

I weary a bit of this stuff. If the CIA and the Brits and the Saudis have really penetrated al-Qa'ida in the Arabian Peninsula – or AQAP, as we are now enjoined to call it, although the acronym sounds a bit like an insurance company – all well and good. But the fact that the Saudis originally supported the Taliban and that al-Qa'ida was until recently led by a Saudi and that most of the 9/11 bombers were Saudis and that an awful lot of other al-Qa'ida men are Saudis, does take the gleam off the cup.

Yet still – with the noble, imperishable exception of Matt Frei on panjandrum Jon Snow's brilliant Channel 4 news – we take all this stuff with mind-numbing, poker-faced seriousness. We do not question the story. Or the words. Or even the expressions. Let's start with Rice at the UN, who recently informed us, in reference to Bashar's "barbaric campaign of violence against the Syrian people", that – mark these words – "in the United States, our patience is exhausted". Well, La Clinton looked a little bit exhausted (was it the hair?) when she waded in herself. "World opinion," she said of the Assad regime, "is not going to stand idly by."

Haven't I heard this before? Why yes, I have. Back in 2009, Robert Gates was getting very exhausted with North Korea and its nuclear weapons. And what did he tell us, on 30 May to be exact? "We will not stand idly by" as Pyongyang developed nuclear weapons. Last year, Barrack Obama said America would not "stand idly by" when a tyrant (to whit, Muammar Gaddafi) "tells his people there will be no mercy".
Earlier this year, we had the German Foreign Minister telling his egregious Israeli opposite number, Avigdor Lieberman, that Germany "will not stand idly by" if Israel's right to exist is questioned. And if you think the phrase is reserved only for the powerful, a certain N. Clegg announced just 18 months ago that the Government would not "stand idly by" if banks didn't rein in bonuses. Clegg is in good company. Homer used the expression in The Simpsons: "I will not stand idly by and watch you feed a hungry dog."

But none of us journos ever point out what a load of old codswallop this is. We report it at face value, as if the phrases are new, the indignation real, the drama exploding in front of us. We simply do not say or report that "not standing idly by" and patience being "exhausted" are among the greatest clichés of the political world. Why do we not return to some original sources? Which, being an assiduous reader of mid-20th century history, I shall now do. And I'm afraid we've got to go back to That Wretched Bavarian Corporal (born Braunau on the river Inn, 20 April 1889) who was pretty adept at issuing threats and – unlike latter-day politicians – had a disturbing habit of meaning exactly what he said.

And so here he is, Adolf Hitler addressing his "volk" on 26 September 1938. He had just met Neville Chamberlain, but was very angry at the Czech Prime Minister Edvard Benes for not handing over the German-majority Sudetenland to the Nazis. And what did Hitler say? "I am no longer willing to stand idly by." And – wait for it – "our patience is exhausted"… Truly, my patience is exhausted.  

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