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24 August 2012 Thought for the Week:
What is a real Democracy? Real democracy is: The membership controls the executive (representatives) they elect. To paraphrase Gavin Esler: The shambles that is now Australia’s Ballot Box democracy, demonstrates what happens to a nation originally founded on the Rule of Law, when it degenerates into the Rule of Lawyers. - - John Brett, August 2012
Constitutional Rights: A Democracy must use its constitutional rights in the domain of government to secure its democratic rights in the domain of the economic structure.
- - “The Fig Tree” 1936
Eminent Domain on Steroids: Energy companies turn NY into a Third World colony with the help of the most corrupt state government in the US. The most corrupt state in the union? That's a tough one, but with Andrew Cuomo as governor, New York is right up there. Cuomo wants to prevent the state's chief auditor from reviewing the terms of major state contracts before they're signed. He's deeply in bed with Wall Street. And he is presiding over the single most outrageous screwing of property owners by energy companies anywhere in the US and the entire developed world. You literally have to go to Africa or South America to find laws this bad. But Governor Cuomo sees no evil.
Please send this video to friends in New York and to the asleep-at-the-wheel news media that has let this travesty slip by.
IS IT A SYMBOL? IS IT A SIGN? INDIA’S LIGHTS GOING OUT?
by James Reed
Video: “Capitalism: A Ghost Story”. Rockefeller to Mandela, Vedanta to Anna Hazare....Article: here
As in the West, a handful of corporations run India, and, as in the West, they tell government what they want, and they get it. Everything has been privatised, as here. And the banks.
All of this foreign investment has not generated local jobs: “After 20 years of growth” 60 per cent of India’s workforce is self-employed, 90 per cent of India’s labour force works in the unorganised sector.”
Bt cotton is more expensive than traditional cotton, uses more water and requires more pesticides – and has not achieved the promised increased crop yields that Big Agri promised. This has now been called “GM genocide”.
NOW GET READY FOR AMERICAN WORKERS
by Chris Knight
Unions came into existence to prevent the undercutting of local wages and/or the taking away of jobs by foreigners. The declaration that unions will be unable to “hold back the tide” of foreign workers, is just the “Logic” used by global capitalism to continually hold countries open to mass migration. If that is the union’s position, then it is simply not a union, and has stopped championing the cause of Australian workers. But this is something in general that the union movement long ago ceased to do.
It is unfortunate that the Australian people have been manipulated into taking sides in party-politics with the worker having a bias against the self-employed and small business. This has allowed the Left, which has a symbiotic relationship with global capitalism, to dominate working class politics. The ‘self-employed and small business’ side of politics needs to address the needs of the working class as well.
Comment: Chris, it seems to me there are too many ‘union leaders’ who have used the Australian worker to further their own ambitions – they climbed on the backs of the workers as their 'ladder to success'. I can think of two former politicians from both ‘sides’ of parliament who are now ‘busily running around’ selling off portions of this great land to foreigners – and all for making a profit. Both ‘sides’ of politics have a symbiotic relationship with Global Capitalism.
THANKS GO TO THE GALILEO MOVEMENT FOF THESE VIDEOS
THAT’S THE SPIRIT OF CAPITALISM: NO EXPANSE OF GREEN SHALL REMAIN
by Brian Simpson
It may be good insofar as farmers will be able to control weeds better and put up fences, but in the long run, this is just Capitalism’s relentless march to destroy any expanse of green. Give it a decade or so and Cape York will look like the Martian landscape.
What a pity it is for the global capitalists that Earth looks like the only planet in the solar system practically suitable for Life. But the cancer of Capitalism will die long before the planet dies. Instead of wailing about migrants, refugees and asylum seekers, the Greens should have been attacking the reductive economic materialism of Capitalism. Then they would have been more than merely useless idiots.
AS FOR THAT OTHER ‘ECONOMIC MIRACLE’
Andrew Bolt, 14 August 2012, wrote of Mark Kitto, the Englishman who, having spent many years in China and married a Chinese wife, has finally “fallen out of love” with the place. “You’ll Never Be Chinese” – read here. https://www.prospectmagazine.co.uk/politics/mark-kitto-youll-never-be-chinese-leaving-china/
Andrew Bolt: “Mark Kitto has for years written a fascinating column from his Moganshan coffee shop after his publishing business was stolen by the Chinese Government. But after 16 years he is leaving: I have fallen out of love, woken from my China Dream…
The threat is China’s rising paranoia:
It is often argued that China led the world once before, so we have nothing to fear.... (But) China, politically, culturally and as a society, is inward looking. It does not welcome intruders… Believing themselves to be unique, the Chinese find it almost impossible to empathise…
The Communist Party of China has, from its very inception, encouraged strong anti-foreign sentiment. Fevered nationalism is one of its cornerstones. The Party’s propaganda arm created the term “one hundred years of humiliation” to define the period from the Opium Wars to the Liberation, when foreign powers did indeed abuse and coerce a weak imperial Qing government.... To speak ill of China in public, to award a Nobel prize to a Chinese intellectual, or for a public figure to have tea with the Dalai Lama, is to “interfere in China’s internal affairs” and “hurt the feelings of the Chinese people.” The Chinese are told on a regular basis to feel aggrieved at what foreigners have done to them, and the Party vows to exact vengeance on their behalf.
The alternative scenario to a world dominated by an aggrieved China is hardly less bleak… That is the increasing likelihood that there will be upheaval in China within the next few years, sparked by that property crash… Some commentators say it will lead to revolution, or a collapse of the state… I hope the upheaval, when it comes, is peaceful, that the Party does not try to distract people by launching an attack on Taiwan or the Philippines…”
CHRIS KNIGHT SPEAKS TOO SCATHINGLY ABOUT CHINESE CIVILISATION
- - Nigel Jackson, Belgrave Victoria.
Finally he could contemplate the great range of masterpieces of painting and poetry produced by Chinese artists under the Ming and Tang dynasties. Unfortunately traditional China succumbed to a European heresy (communism), so that the wisdom of Taoism and the ethics of Confucianism could not resist a decline into money-based authoritarianism. Hence the tyranny that attacked Tibet.
In Australia, for all the greatness of our own British and Christian culture, based on an amalgam of themes from ancient Egypt, Hebrew writings, classical Greece and Rome and the pre-Christian, goddess-worshipping peoples of northern Europe, we still have much to learn from China and should treat this great people with proper admiration and respect. Paying homage to their wonderful spiritual and artistic achievements is one way of helping them free themselves from the severity of their current political order.
Editor’s comment: Nigel Jackson’s plea for admiration and respect for traditional Chinese civilisation reminds me of Clifford Douglas’ response to an appeal made in the House of Lords, many years ago, for a return to the Christian Ethic and the Golden Rule. It was similar to a recent appeal by the present Archbishop of Canterbury.
Douglas went straight to crux of the matter: “Within the appeal there is the little recognised, but huge problem that needed to be resolved. It is the Policy of the Philosophy which is important… it is the evidence of things as yet unseen. This country is not now the Policy of a Christian Philosophy, and, before it can again, as an organisation, put into practice those Christian principles, for which the Earl appealed, it must understand their application through proper mechanisms.”
“With some hesitation”, he wrote, “I suggest that the question arising out of the Christian Church, is not the same, either in nature or degree, as that involved in the acceptance of what is nowadays vaguely called Christianity… It is the Doctrine of the Incarnation.
At bottom, what we have to make up our minds upon, is whether human political action is subject to the same kind, or some kind, of compulsion to be "right" - as we accept in doing a multiplication sum, and if so, whether the Christian Church, the Mystical Body of Christ, is, today, the living incarnation of that "right "-ness… Failing that, the children of this world are, in their generation, wiser than the children of Light.”
Douglas, an engineer, used the law of thermo-dynamics to illustrate his point. The law may be known, and quoted ad infinitum, but until it is put into practise – through mechanisms such as aeroplanes… it is just words. It is the practical application that is important... it is the incarnation of the theory, the idea, the belief.
Policies based on the Christian faith over the centuries gave rise to a social structure in which there was the slow, but steady development towards the decentralisation of power in the fields of politics and economics (national housekeeping). With the betrayal of the people by their political and religious ‘leaders’ both the Chinese people and the Australian people (and the Indian people) need to realise that reality - and look for mechanisms to incarnate the policy of the philosophy once again.
AUSSIE BROKER BLOWS WHISTLE ON SUB-PRIME PONZI SCHEME
7.30 Report by Stephen Long - Broker blows whistle on sub-prime scandal:
In 2007 Kate Thompson was WA mortgage broker of the year. Now she is facing fraud charges. It is alleged Mortgage Miracles, in Canning Vale in Western Australia, obtained investment loans for customers by using falsely inflated earnings and assets.
Ms Thompson admits that is exactly what she did: "I would get upfront commission, I would get a trailing commission. I was probably earning about $5 million a year. It was great. It was wonderful. But it was all a lie," she said. But she was not alone.
"Hook me up to a lie detector test and hook them up. I'll lay my evidence on the table. They will fail a lie detector test miserably. They are corrupt. They are protecting each other," Ms Thompson said. Along with similar claims before a parliamentary inquiry in Canberra last week, her evidence has the potential to rock the finance industry.
"Through a series of emails from banks to brokers how to get their deals across the line, make the deal fit. They targeted older people, people on carers allowance, age pensions," Denise Brailey, from the Banking and Finance Consumers Support Association, told the inquiry.
Kate Thompson: The evidence suggests that banks and other lenders tacitly encouraged mortgage brokers en masse to make up fictitious stories about customers so they could get loans and to falsify their income. "I do not think there was a bank or non-bank lender that wasn't doing it. From my files alone, I am certain I could evidence every single bank," Ms Thomson said.
The allegations centre on low-doc loans. They were initially designed for the self-employed and small business people - recognising that they can lack documents such as pay slips, group certificates and the certainty of income banks demand for conventional lending.
But low docs became a free-for-all. "They were very tight to begin with but eventually they were absolutely shocking, no rules at all, tell us what we want to hear, tell us anything," Ms Thompson said. As banks competed aggressively to sell their loans, the pitch to the brokers was persuasive.
"I received 4,000 emails, and in those emails from the banks to the brokers you'd see clearly bank officers instructing the brokers how to have no-loan mortgage insurance, no income necessary, no assets and liability, virtually just get a signature on a document, send it in and we'll give this person, no matter what their income or affordability criteria is, give them a $500,000 loan," Ms Brailey said. Ms Brailey says it is a "roll call" of all the major banks. "We've got Macquarie in there, we've got Westpac, NAB, ANZ, Commonwealth," she said.
Ms Brailey has dedicated herself to exposing the scandal. I received 4,000 emails and in those emails from the banks to the brokers you'd see clearly bank officers instructing the brokers how to have no-loan mortgage insurance, no income necessary, no assets and liability, virtually just get a signature on a document, send it in and we'll give this person, no matter what their income or affordability criteria is, give them a $500,000 loan.
Denise Brailey: She says people could have an ABN number for one day and get low-doc loans which were meant for business people. "That is the whole point of why we are saying it was so fraudulent; low docs were supposed to be for two years, self-employed and here they are saying ignore that, even if they are a pensioner, by going online and getting them an ABN number and putting that number on the form," she said. "They can get these low-doc loans supposedly for business people... Yes, the bank would automatically approve it."
Ms Thomson says in her eight years of finance broking, she only ever met one person who was genuinely self-employed for one day. "In reality they were nothing of the sort," she said. "They were just old people who didn't do much more in their day than cook their dinner and do a bit of gardening, and yet I had to present them as a professional something, anything."
'Hopeless situation': On the Pacific Highway just south of Newcastle in New South Wales is the home of Michelle Matheson, a single mother of three.
She says she was told to buy a home, despite at the time being a single parent, working part-time, and earning around $24,000 a year. The loan application, which she only received recently, said Ms Matheson was a self-employed professional and grossly overstated her income. "My income has been stated, not obviously by myself, but either by the broker or somebody at the bank, has been stated to be $75,000 per year," she said.
Ms Matheson named her house Hope, but she admits her situation was hopeless. I've taken on two to three jobs at a time, I work up to 90-hour weeks. I've sold everything to make mortgage payments. I've got credit card debt of close to $30,000 because I've had to put mortgage repayments on them.
The stories of other people caught up in the low-doc loan scandal all have similar themes. "If you can't trust your bank manager, then who can you trust?" Barbara Flowers of Brisbane said. "Exactly the same thing's happened to all of us.
Royal commission: Ms Brailey says there needs to be a royal commission into the banking sector. She says she has received about 500 loan application forms from people in trouble with low-doc loans and not one is clean. "The figures fudged, the details forged, by brokers or bank officers themselves," she said. These people are losing their homes. There is nothing I can do now except tell it like it is.
Kate Thompson: Ms Thompson recalls the tricks banks taught brokers to get loans across the line, such as calling rising house prices "income". "So when we were putting down a customers income we are - we were - allowed to use capital growth. It's projected income, it's not disposable income but we were allowed to use it," she said.
She says banks were targeting pensioners, people who were asset rich, but income poor. "Six or seven of those bank officers actually used to come into my office and write up the applications themselves," Ms Thompson said. "Fudged figures... they make it fit, and that's what they were telling us to do and they were prepared to it themselves, they were doing it themselves, they knew the game."These people are losing their homes. There is nothing I can do now except tell it like it is."
More on Derivative Ponzi Schemes in the New Times Survey here…
CONTINUING DRAMA ON LARRY PICKERING’S FACEBLOG
Is our Prime Minister a Crook? Part 2:
Wilson’s tenure as Secretary of the Vic. AWU, while living with Julia Gillard, is pock-marked with secret commissions and union extortion rackets inflicted on developers. Wilson, at the same time he was living with Gillard, was also in a “close relationship” with another woman, attractive AWU book-keeper Marie Murray. (Ms Murray was a respondent in the successful litigation in the Federal Court to have Wilson and others repay $114,000 to the AWU.) The figure was the amount that Wilson had paid himself and others in false “redundancy entitlements”. That Court Order was ignored by Wilson and never enforced by senior AWU Officials.
Concurrently, Wilson was in yet another “close relationship”... this time with Julia Gillard’s best friend, AWU Industrial Officer, Robyn McCleod. Gillard, even now, may not be aware of this. AWU staff confirm the tryst. [At the invitation of Gillard, Ms McCleod, on June 26, 2010, flew to Canberra to join the celebration of Gillard’s ascension to Prime Minister. In April of the same year, Gillard was a witness to Ms McCleod’s marriage.]
A failed Labor candidate for the seat of Mordialloc (despite Gillard being her campaign manager) McCleod was branded a liar when caught out double dealing in South Australia. At the same time she was contracted to the SA Rann Labor Government as Water Security Commissioner. She later admitted to lying about an improper connection with Canberra. McCleod had previously negotiated the Melbourne Water/Thiess contract for Wilson. The Commonwealth Bank account used for this little extortion racket was already set up as the “AWU Welfare Account”. This account was a long-standing slush fund union officials used to buy votes in union elections. Bruce Wilson was a signatory to it. It was now to be used for something far more sinister.
Wilson began invoicing and receiving funds from various companies, including Thiess Contractors. Joe Trio, Manager of WA Thiess Contractors and Wilson’s brother-in-law, appeared removed from the Victorian scam. One cheque we can identify was for “services rendered” and amounted to $14,000.00, notated as 390 hours worked.
Wilson’s stolen funds were mixed in with accounts that held union dues. Union dues do not attract tax. They were then withdrawn by Wilson in a tax free bonanza. Wilson had successfully duplicated his WA extortion racket in Victoria... with the assistance of Gillard and Slater & Gordon.
Gillard had sought ALP pre-selection many times and was unsuccessful, even in marginal seats. Pre-selection committees balked at her shady alliance with Wilson and McCleod, and for good reason.
In Part 3, the story’s serpentine plot winds its way to the Office of Prime Minster. Gillard’s claim that she was unaware of Wilson’s activities will be discounted as rubbish. Slater & Gordon and Gillard are assisting Wilson in disposing of the WA extorted funds. The ongoing scam has appeared all too easy for too long, now it begins to unravel. Monies are returned to developers in a desperate attempt to cover tracks.
SOUTH AUSTRALIAN SEMINAR AND DINNER
We will not only be celebrating the Queen’s Diamond Jubilee with Archbishop John Hepworth as guest speaker at the Frank Bawden Memorial Dinner, but also honouring the life of C.H. Douglas, the founder of the Social Credit movement who passed away 60 years ago this year.
Seminar speakers will be:
Make note of the date in your diary – Saturday 25th August.
THE LEAGUE'S NATIONAL WEEKEND
The following details are for the National Weekend events:
Venue: The Seminar (ONLY) ALL SEASONS MOTEL, McIvor Road, Bendigo
To Book Your ACCOMMODATION:
Bookings can be made now: Phone 1800 032 941
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