It’s Over Here (or, My New Blog)

17 Jan

Readers who have in times past, or only at this moment, been drawn to this blog in expectations of discovering content of an economic or a political bent — and yes, in context of both of these, I have just used the word “bent” with quite deliberate intent — may find my new blog to be something of a disappointment.

As intimated by my last post here, after some 4 years spent dwelling inordinately on those unimportant topics, I am seeking to turn over a new leaf.

Or, more accurately to say, re-turn to an old one.

All readers are, of course, cordially invited to visit, and to duly consider if the material inspired by my new … old … direction, is of a nature or quality that you find worthy of your attention.

And if so, then please do make use of the “Follow” option offered over there in the main menu, in order to receive notifications of new posts by email.

I have also chosen to, in a sense, wipe the slate clean in another way, by opening a new Twitter account, rather than merely renaming the old one. Readers who may presently follow the Twitter account @barnabyisright, may wish to receive updates of new posts by now following @psalmistice instead.

Finally, I would ask readers to consider that, quite unlike barnabyisright, my new blog is intended to be far more of a journal. A quite personal work. And so, while reader comments will generally be most welcome, I would ask prospective commenters to please first bear in mind that I sincerely hope for my new blog to be something of a little haven.

Of niceness.

One that seeks to — as I am — studiously eschew those topics that my dearly departed, and very sagacious Nanna, always warned of as being best avoided. Especially in polite company.

Politics.

Religion.

Money.

Should you now, or in future, discover something on my new blog with which you take issue, please consider taking the opportunity of using the Contact link provided to send me your observation or criticism privately, via email.

You never know.

If your thought is expressed in a manner not inconsistent with the spirit of pleasant and friendly discussion, I might even reply … when I return, from wherever I am. ;-)

And so, without further ado, you are extended are warm welcome to my new blog:

Psalmistice.com

Oh yes, a final thought.

I am leaving the content here at barnabyisright.com online, at least for the foreseeable future. If any reader of this now-defunct site wishes to comment on or get in touch concerning any of the articles here, please feel free to send me an email at the following address:

acquiredcynicism [AT] yahoo [DOT] com [DOT] au

As above, should your intended communication not be delivered in the spirit of friendly discussion, then it may well be worth noting — before beginning to type — that your odds of receiving a response are, perhaps, ably suggested by the address itself.

Cheers! :)

Et tu, Barnaby?

8 Dec

“And you too, Barnaby?”

Alas, dear reader.

Rather like hopes for a responsible, ethical, national sovereignty-honouring Federal Government, or a reversal of Australia’s ever-rising debt levels, this blog has now come to the end of its life.

I confess that a small part of me would like to point the finger at reasons other than my own growing loss of interest in all things political and economic.

Certainly, it would be easy to cite our new government’s immediate display of galactic hypocrisy on debt and deficits — with nary a whisper in public opposition from a disappointingly craven Barnaby Joyce — as reason sufficient to pull the pin on a blog bearing the title “Barnaby Is Right”.

But truth be told, the real reason is my decision to finally heed a more heartfelt incentive; the deep peace and serenity that past experience assures will always come from spending most of life’s moments thinking only on things that enrich, ennoble, and inspire.

Or, best of all, not thinking at all.

Readers with a well-honed sense of the sardonic will, I am sure, readily observe that while the latter often appears endemic in those who practice in or comment on the fields of economics and politics, almost never is the former in evidence.

Thank you to all who have read, commented, and most importantly, shared.

But now, it is time for your humble blogger to bid you adieu, and return to a life better titled contemptus mundi, contemptus saeculi.

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Socialism Is Not The Answer To Capitalism

26 Nov

Cross-posted from Anthony Migchels’ Real Currencies:

karl-marx
(Left: the deeply troubled Karl Marx was used by the Banking Fraternity to create the evil dialectical twin to Capitalism, for the purposes of organizing the opposition and directing history)

Capitalism redistributes from the many to the few. It is a global monopoly in private hands.

Socialism then goes on to claim private property is the problem. It says this will be solved by nationalizing it. It is a monopoly in State hands.

But what good does it for the poor if the wealth is transferred from the rich to the State? Especially when we consider that the extremely wealthy have always owned the State? It is for that reason they financed Marx and the Bolshevist revolution, after all.

Capital intends to consolidate its private monopoly in State hands, in a World Government.

The problem is not private property. The problem is too much private property in too few hands. The problem is the ongoing redistribution of the private property of the many into the hands of a few. By the creation of artificial scarcity and associated high prices by Monopoly.

And the mother of all monopolies is the monopoly of money. As long as the Plutocracy can control the money supplies of the nations with its global Banking Cartel, and tax it with Usury, which is paid by the poor who need to borrow to the rich who lend, and which globally redistributes up to 10 Trillion per year to the very richest, we will never have either Justice, or Freedom.

Interest-Free Credit Now!

interest-free-money-now-2

And here is an excellent TEDx talk by Jem Bendell on the problems of our money and the coming revolution in alternative currencies.

AGW: It’s Never Been About Climate

19 Nov

35506_bear_polar_bear_facepalm

From Democracy Now (oh dear!):

Organizers of the U.N. climate talks in Warsaw, Poland, are facing criticism for accepting corporate sponsorships from major car manufacturers, oil companies, steel manufacturers and coal firms. Meanwhile, the Polish Ministry of Economy has teamed up with the World Coal Association to put on a parallel “International Coal & Climate Summit,” also in Warsaw.

Government Explained

18 Nov

BoE Says G20 Nations To Enact Bank Deposits Theft Within 12 Months

1 Nov
"The UK at the heart of a renewed globalisation" - Bank of England, 24 October 2013, speech by Governor Mark Carney

“The UK at the heart of a renewed globalisation” – Bank of England, 24 October 2013, speech by Governor Mark Carney

In a speech given in London on 24th October, former Goldman Sachs alumnus, now Governor of the Bank of England and chairman of the internationalist Financial Stability Board, Mark Carney, announced the target date for completion of the new global bank “bail-in” regime (‘The UK at the heart of a renewed globalisation,’ page 5, pdf here):

Systemic resilience depends on being able to resolve failing banks in a way that does not threaten the entire system…

To avoid these risks, we need to make the resolution of global banks a real option…

At the St Petersburg summit in September, G20 leaders mandated the FSB to develop these proposals. The Bank of England is now working intensively with other authorities and the financial industry. Our aim is to complete the job by the next G20 Summit in Brisbane.

The G20 summit in Brisbane is on 15-16 November, 2014.

The terms “resolution”, “resolve”, and “resolving” will be quite familiar to regular readers.

Here at barnabyisright.com, for many months now we have (exclusively?) analysed, and publicised, the secretive international banker plan to “resolve” (ie, “bail-in”, a la Cyprus) insolvent banks across the globe — including Australia. Unsurprisingly, no one in the mainstream media has yet touched the subject.

For those interested to learn more:

G20 Governments ALL Agreed To Cyprus-Style Theft Of Bank Deposits … In 2010

Australia Plans Cyprus-Style “Bail-In” Of Banks In 2013-14 Budget

Australian Banks “Welcome” Cyprus-Style Bail-In Plan

IMF Tells Australian Lawmakers To “Prevent Premature Disclosure Of Sensitive Information” On Bank Bail-Ins

Australian Banks Demand Protection From Derivatives Losses Under Bail-In Plan

Crisis Management: APRA To Be Given Power To “Direct” Your Super

New Zealand Banks “Pre-positioning For Cyprus-Style Bail-In

Canada Plans Cyprus-Style “Bail-In” Using Depositors Money

Timeline For “Bail-In” Of G20 Banking System

IMF Calls For 10% “Tax” On All EU Households With “Positive Wealth”

UPDATE:

My fail. Comprehension fail. I read it wrong.

It appears that the “job” freshly mandated by the G20, the one Carney aims to see completed by the G20 Summit in November 2014, is not the enacting of legislation enabling bank bail-ins. Rather, it is for the FSB “to assess and develop proposals by end-2014 on the adequacy of global systemically important institutions’ loss absorbing capacity when they fail”:

Screen shot 2013-11-02 at 7.51.18 AM

Nonetheless, the FSB’s Narrative Progress Report on Financial Reforms to the St Petersburg G20 Summit makes clear (page 4-5) that “legislative reforms to implement the Key Attributes of Effective Resolution Regimes [TBI: which includes the plan for depositor bail-ins] are necessary… further actions are needed to give authorities additional resolution powers and … We therefore urge that all G20 countries change legislation as needed to meet the Key Attributes by end-2015” …

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And the St Petersburg G20 Summit Leaders Declaration (page 17) makes clear that our political leaders continue to write completely blank cheques to the private banking industry — using bank depositors’ accounts — by happily going along with every single thing they are told to do by the ex-Goldman Sachs alumni-chaired FSB:

“We renew our commitment to make any necessary reforms to implement the FSB’s Key Attributes of Effective Resolution Regimes for all parts of the financial sector that could cause systemic problems.”

Screen shot 2013-11-02 at 7.44.20 AM

We will be watching the new laws submitted to Parliament by the Abbott government very closely in coming months. Especially given the banksters’ man, Joe Hockey, is Treasurer, and couldn’t wait to get over to Wall Street to receive his instructions immediately after the election.

Survey: 87% Of Australians Would Sell Their Children

23 Oct

old-slavery

At the recent election, 87% of Australians aged 18 years or older voted for the Liberal – Nationals Party coalition, the Australian Labor Party, or the Greens.

Over the past four years, as the ALP / Greens alliance loaded up on national debt, and continued raising the debt ceiling ever higher, your humble blogger has continually pointed to the Interest-on-Debt bill …

Screen shot 2013-05-14 at 7.50.25 PM

… and cautioned that the Australian Government Will Never Get Out Of Debt.

Yesterday, incoming treasurer Joe Hockey confirmed that I was right.

How so?

By announcing the Coalition’s intention to increase the government debt ceiling by 67%:

The Federal Government has announced a $200 billion increase to the Commonwealth debt ceiling and a six-month audit into government spending in the face of a “deteriorating” budget position.

Treasurer Joe Hockey announced the measures after a federal Cabinet meeting in Canberra on Tuesday.

“The Coalition Government will have to increase the debt limit for Commonwealth government securities to $500 billion,” he said.

“$500 billion”?

Have to”?

I don’t see a loaded gun being held to Hockey’s head … do you?

“We are increasing it to that level because I’ve been advised that on December 12, the current debt limit of $300 billion will be hit.”

He said the last Treasury assessment, provided in the pre-election fiscal outlook, predicted debt would peak at $370 billion.

However, recent trends show it will instead “exceed $400 billion”.

“And we’re not going to do a thing to stop it”, is what he failed to add.

Now we must all endure the risible circus show for the masses.

The Great Facade.

As one “side” of politics argues that they are only doing this due to (a) the other side’s failures, and (b) to avoid having to do it again and again and again — a la the USA recently.

While the other “side” of politics argues that this is (a) hypocritical, and (b) tantamount to asking for a blank cheque.

The antics of both “Left” and “Right” are all a distraction, of course.

The simple facts are these.

If you are one of the 87.58% who voted for the LNP Coalition, or the ALP / Greens, then you voted to sell yourself, your children, and all your fellow Australians’ children into slavery.

Even with usury rates worldwide at historical lows, the Interest-on-Debt bill ($14+ billion p.a.) is already far greater than all but three of the Howard Government era budget surpluses.

Those surpluses came amidst a huge mining boom. A massive sell-off of our national assets. And, an unprecedented, impossible-to-repeat increase in private debt (meaning, the government could run big surpluses, as a counterweight to “growth” in private debt-fuelled “GDP”, without causing a recession).

Those surpluses will never be seen again.

The mining boom has peaked.

There is little left to sell.

And private households are in debt up to the neck.

Screen shot 2013-10-23 at 5.48.56 AM

Meaning … the Australian Government will never get out of debt.

We are completely enslaved.

Our new treasurer has just confirmed it.

You, your children, your grand children, will have to work ever harder, only to be gouged ever harder, by direct and indirect taxes, just so the government/s that you voted for can pay a portion of the annual usury bill to the bankers.

Each year, the portion that can not be paid, will be “rolled over”, and become new, ever greater debt obligations.

Each year, the politicians will add even more debt.

To pay for their lavish, minimum $195K p.a. incomes.

Their jet-setting lifestyles.

And their craven, immoral political “promises”.

I wonder how long it will be, before one of our triennial national elections surveys actually shows a fall in the number of Australians voting to sell their children.

The-New-Slavery-Banks

P.S. Yes, still on hiatus … simply rose up at 3-something a.m. to exorcise this topic from my mind.

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