Tag Archives: bob katter

“Australian Dollar Is Not A Sacred Cow”

9 May

Barnaby Joyce writes for the Canberra Times:

National Party Senator Barnaby Joyce droving a mob of cattle west of Longreach, Queensland. Photo: Peter Rae

National Party Senator Barnaby Joyce droving a mob of cattle west of Longreach, Queensland. Photo: Peter Rae

Government has left cattle industry out in the cold

Fred Pascoe’s family goes back a fair way in the Gulf, possibly about 40,000 years.

His family didn’t meet a “whitefella” until 1904. That was his great-great grandfather, “Kangaroo”. In Fred’s words a “lusty” fellow who had seven wives. Fred jokes with a smirk that unfortunately that part of the family genes did not flow down.

Fred’s great-grandfather started working the cattle that have been a fixture of the Gulf ever since. His love of the country was too strong for the city. He died six days after moving to town in retirement.

Now Fred manages his own cattle property. Cattle have given Fred and his family a additional connection to his country. Cattle are now part of their culture.

Cattle are part of the nation’s culture too. The economy of the north depends on cattle. The truck drivers depend on them, the stock and station agents depend on them and even the local show and rodeo would not exist without them.

That’s what makes the government’s bungling of the live cattle saga a few years ago so galling. It was an attack on a culture. A culture that has been built up over more than 100 years, and now threatened by a combination of government incompetence, the roaring of money printing presses in other countries and the failure of monsoonal rains.

We can’t do much about that rain. I will leave that one to the local graziers and their God. We can, however, stop making bad policy decisions and start a debate about the high Australian dollar.

When we shut down the live cattle trade, we affect the food supply to a nation of more than 250 million people next door. Because of the undisputed barbaric acts of a small number of people in a very large industry we impugned an entire nation’s culture. The message was implicit but clear: we don’t trust you enough to provide you with food anymore.

Our government engaged in a prejudicial policy condemning the many based on the actions of a few. Since then the Government has made little attempt to support our own domestic cattle industry or make amends with our largest neighbour.

Because governments caused these problems, there is a moral obligation on them to help solve these problems. On Tuesday, I attended a beef crisis forum in Richmond. In a town of only 500 people in the Gulf, a crowd of 500 turned up, in a mood, not to vent frustrations, but to propose solutions and to look for leadership.

One of those solutions was for the government to purchase 100,000 head of cattle to put an immediate floor price in the market. Because the live cattle trade fiasco has dropped demand by about 300,000 head of cattle a year, beef prices are plummeting. In Longreach, cattle sold for $20 per head last week. That’s the equivalent of buying your scotch fillet for 10 ¢ a kilogram.

But the price of the dollar means our beef is still expensive to those overseas. More than 30 foreign central banks now hold Australian dollars, along with Google, Apple and Berkshire Hathaway.

The Botswana central bank is not diversifying into the Australian dollar because they share our love of a sunburnt country and wide, open plains, but because we are becoming a “safe haven” currency. Our exporters are paying their insurance policy.

Our terms of trade have fallen by 15 per cent, and economic growth is being downgraded. Still, our dollar remains relatively high.

The Reserve Bank recognised this on Tuesday by cutting interest rates, in part aimed at the high dollar. The Australian dollar is not a sacred cow.

The RBA has clearly announced that its monetary policy is now looking to target the dollar, and we have intervened directly in foreign exchange markets on 35 separate times in the past 24 years, including eight times since 1997.

Other nations are not as restrained as we are. The United States is now delivering quantitative easing at a rate of $85 billion a month. The Swiss have imposed a ceiling on their currency, and the new Shinzo Abe government in Japan is actively adopting policies to devalue its currency, by 20 per cent since last December.

Meanwhile, we are keeping our innocence and making life near impossible for those who we are relying on to figure ourselves out of our current financial mess. What’s the good of being pure, if you end up broke?

Regular readers know that I have written on this topic of the over-valued Australian dollar (due incoming “hot money” from other, currency-depreciating nations) since late 2011 –

Australia’s Debt Dreamtime

Bob’s No Mad Katter On RBA “Independence”

The Single Biggest Reason Why I Will Vote For Bob Katter’s Australian Party

Queenslander! This Is Why You Are A Complete Idiot If You Don’t Vote KAP Today

It’s wonderful – if all too belated – to finally see a politician from one of the so-called “major” parties speaking truthfully about the AUD exchange rate, and the close-mindedness on the part of our economic mandarins which has caused so much damage to Australian businesses (and thus, the economy) over the past couple of years.

Barnaby for PM.

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Late Surge For Thinking KAP

24 Mar

From the Australian:

A LATE surge in support for Bob Katter’s Australian Party has set the stage for it to win seats today in One Nation’s former heartland of regional Queensland.

The party has lifted its support to 9 per cent statewide in today’s Newspoll, nearly double what it registered at the start of the campaign.

KAP’s base vote spikes to 12 per cent outside Brisbane, putting it in the running to win up to five non-metropolitan seats, said Newspoll chief executive Martin O’Shannessy.

This suggests Mr Katter has attracted part of the blue-collar base of Labor in the regions as well as more conservative supporters of the Liberal National Party.

Hmmmm.

“Blue collar base of Labor”.

“More conservative supporters of the LNP”.

Salt of the earth.

Go QUEENSLANDERS!

UPDATE:

From the hustings –

Mr Katter, who was handing out how-to-vote cards with his son and Mount Isa candidate Rob, said he was impressed with the progress his party had made since it was formed less than a year ago.

“About a week ago I realised that we’ve got a huge, powerful machine out there,” he told AAP.

“It’s working now completely independently of me. It was a bit of a ramshackle thing put together on my back, but it’s not now.

“Every poll that comes out, our vote has increased. There’s some that have us on nine per cent, there’s some that have us on 28 per cent.”

Mr Katter said his party was now a legitimate option for voters.

The important thing is to provide Australia with an alternative to the free trader or traitor policies of the major parties,” he said.

“It may well be that they get rid of the ALP today, but they won’t get rid of the ALP policies.”

Federal Liberal MP George Christensen tweets:

An insightful observation, and a perfect analogy:

[KAP state leader] Mr McLindon said it was now up to the voters but he hoped they would put into State Parliament a corrective against the expected overwhelming force of a new LNP government.

“Do the people really want a massive LNP government breaking promises the way they are doing in NSW?” Mr McLindon said.

“‘Or do they want a band of people in there like the KAP who will keep the bastards honest?”

Bob Katter, who will be in Brisbane tonight, said his aim in trying to establish a third political force was to break out of the “Woolies and Coles” cycle of Australian politics.

Put On Your Thinking KAP

23 Mar

From today.

Put down your biases, prejudices, stereotypes … and your Ego.

Put on your thinking KAP.

And listen up:

Billy Would Love Bob

20 Mar

One of my all-time favourite entertainers is the legendary Scottish comedian, Billy Connolly.

Given his abhorrence of all things “beige”, and his strident advocacy for the wonderfully human eccentricity that adds colour and light to our lives, I reckon Billy would love Bob Katter, and his latest video.

How NOT beige is this?

The Single Biggest Reason Why I Will Vote For Bob Katter’s Australian Party

18 Feb

The Australian Dollar.

It is way too high relative to all our major trading partners’ currencies.

About 30% too high, in fact.

No Malcolm Farr, it does not prove that the Aussie Dollar is a “safe haven”.

No Wayne Swan, it is not because we have an economy that is “the envy of the world”.

Yes Alan Kohler, it is because speculators are borrowing billions in Zero Interest Rate Policy (ZIRP) money in the USA, UK, EU et al, and using it to gamble on the relatively high interest rate Aussie Dollar. To make easy, fast profits.

It is called the “carry trade”.

Or “hot money”.

And it seems that no one … repeat NO ONE … in Australian politics has the brains to recognise that fact. Or, the balls to do anything about it.

Except Bob Katter.

Now, let me be the first to say that I do not agree with how Bob wants to weaken the currency.

He advocates forcing the RBA to slash interest rates to 2%.

I think we should follow the lead of China … and Switzerland … and introduce a currency peg.

Nevertheless, despite this difference in preferred method, the simple fact that Bob has loudly proclaimed that he wants to weaken the dollar, and, that he is prepared to dismantle the RBA if necessary in order to do so, places him a country mile ahead of any other politician in the nation.

(Yes, including my beloved debt-warning prophet Barnaby Joyce, whose office has to date not even responded to my communications on this matter. He has been very busy with a drowned home town though, so we shall wait and see…)

A little historical background on our present currency dilemma.

Remember the year prior to the GFC crescendo in September-October 2008?

Remember how the AUD turned sharply down in July 2007, falling 9c (10%) in less than a month, when the warning signs began in the USA with the collapse of two Bear Stearns’ hedge funds? And remember how the AUD turned sharply up again, when the RBA lifted interest rates for the first time in 9 months, in August 2007?

GFC begins July 2007 in USA | Click to enlarge

Remember how the RBA kept raising interest rates into the teeth of the oncoming storm, and the AUD climbed from less than 80c US in August 2007, to nearly 98c US in July 2008 … a 21% appreciation in less than a year?

Remember how the AUD fell off a cliff when the GFC peaked? Indeed, it fell so far so fast – a near 40% collapse from 98c to 60c in just a few months – that the RBA intervened in foreign exchange markets to prop up the dollar:

Click to enlarge

“Safe haven” currency, you say (Malcolm Farr)?

Utter ignorant nonsense!

The Aussie Dollar is a “speculative play”.

A profit-seekers’ gamble.

That rushing tide of “hot money” driving up the AUD exchange rate is just as likely to race out again, exactly as it did in the GFC.

But until it does, and the AUD returns to a reasonable and sustainable level, vital sectors of the Australian economy are rapidly being white-anted … and jobs destroyed in the process.

Manufacturing. Tourism. Retail. Education (ie, foreign students). To name but a few.

Many of those industries and the jobs they provide, once lost, will never come back.

And despite this disaster occurring all around us right now, both “sides” of Australian politics have done a Pontius Pilate impersonation, washing their hands of the problem, proclaiming that there’s “nothing we can do” about the dollar. That’s up to the “independent” RBA, you see. And woe betide anyone daring to question the sanctity of the RBA’s “independence”. So instead, we have an escalating, puerile argument over whether or not (and how much) to financially support affected industries.

With more borrowed money, of course.

Idiots. Invertebrates. Sans testicles.

In stark demonstration of the clueless eunuch status of both “sides” of Australian politics – and indeed, of the “independent” Reserve Bank of Australia – on the matter of dealing with a speculator-driven appreciation in your national currency, let us examine a favourite example of mine.

Norway.

Unlike the RBA’s Glenn Stevens, the Norwegian central bank governor recognises the dangers of a government over-relying on the nation’s commodities wealth, spending too much money, and putting its manufacturing industry at risk (sound familiar?):

Feb. 16 (Bloomberg) — Norway’s central bank Governor Oeystein Olsen told the government to spend less of the country’s oil money and avoid an over-reliance on its commodities wealth or risk killing manufacturing jobs.

The government should tighten its fiscal policy guidelines and limit the use of petroleum revenue to 3 percent of Norway’s sovereign wealth fund from the current 4 percent, Olsen said today in the text of his annual speech on the economy and monetary policy.

“Even though petroleum revenues are phased in gradually, a phasing out of manufacturing and other private industries may not be as smooth,” he said. “Entire industries could be lost. If spending proves to be excessive, such structural changes may be difficult, or impossible, to reverse.”

The world’s seventh-largest oil exporter, which boasts the biggest budget surplus of any AAA rated nation, has largely been shielded from the global financial crisis, in part after spending a record amount of its oil money.

Witness the stark contrast to our own Reserve Bank board of governors.

They have repeatedly indicated that they believe in crowding out (ie, screwing) the rest of the economy, to “make room” for the mining boom. Your non-mining industry and job be damned.

The high Australian dollar is actually great news to the RBA. It is helping their goal of hollowing out the rest of the economy, to “make room” for more mining.

And the high dollar is also great news to the village idiot of our national government, Treasurer Wayne Swan. With little else of substance to boast of, he proudly and deceitfully points to the high dollar as somehow representing “proof” of his own wonderful economic management!

But it is not just concerns about how the government is running the country, short-sightedly squandering its natural advantages, that show parallels between Australia and Norway.

The Norwegians too, have been faced with the problem of speculator-driven “hot money” driving up the value of their currency.

Thanks to the ongoing European debt crisis, in 2010-11 “investors” (read also, “speculators”) had been selling (borrowing) the near zero-interest-rate Euro currency, and investing (speculating) in the traditional “safe haven” currency, the Swiss Franc.  As a result, the Swiss Franc had been rising precipitously, causing problems for their economy. So, in September last year, the Swiss central bank acted to protect their economy, by pegging the value of the Franc to the Euro.

Result?

With the Swiss central bank effectively having put a cap on their potential profits, the European “hot money” went looking for profits elsewhere. They turned to Norway, with their strong economy, budget surpluses, vast nationalised commodities wealth, and AAA rating.

Now, witness the contrast between Norway’s central bank response to “hot money” flowing their way, and our RBA’s response to exactly the same situation:

Feb. 17 (Bloomberg) — Norway’s central bank is monitoring the krone after its recent gains and remains ready to act should the currency’s appreciation warrant a response, Governor Oeystein Olsen said.

“We follow closely the krone developments,” he said yesterday in an interview in Oslo. “We have observed, of course, the recent development of the krone, we’re close to the level” in September, when it touched an eight-year high, he said.

The central bank, which in December lowered its main rate by half a percentage point to 1.75 percent, will respond to krone swings to the extent that they affect inflation. The currency this week touched the highest level since Sept. 8, when the Swiss National Bank’s decision to peg the franc to the euro prompted investors to seek alternative havens…

The exchange rate continues to be a “challenge” for the government, Trade Minister Trond Giske said Feb. 13. The central bank in September signaled it was ready to take steps to curb the krone’s appreciation. Those comments helped weaken the exchange rate, triggering a 4.8 percent decline from a Sept. 8 peak through a trough two weeks later.

The Norwegian central bank acted promptly, to “talk down” the Krone back in September. It worked, for a little while.  Then they slashed interest rates by an effective 22.2% (2.25 to 1.75) in one hit in December. And now that their currency is appreciating again, they are attempting to “talk down” their currency, by reminding markets that they stand ready to act again, to protect local jobs and industry.

Our central bank is doing nothing.

Indeed, they are happy that we have an over-valued dollar that is squeezing (ie, wiping out) the “old economy” sectors.

Because it wants the non-mining sectors of the economy to shrink (ie, die), in order to “make room” for mining, which the RBA mistakenly believes will enjoy a multi-decade boom.

This is your rapidly approaching future, dear reader.

Gillard’s “New Economy”.

Australia. “Poor white trash” quarry to the world.

There are some in the Australian (alternative) financial media who have written on this problem.

The estimable “Houses and Holes” – whose clever nom de plume sardonically depicts the long-running economic policy/vision of both “sides” of Australian politics – and his team at Macro Business is a standout example.

Unfortunately, it is apparent to this humble blogger that few if any in the mainstream financial commentariat have any greater “vision” than the clueless eunuchs in Canberra for whom they act as Press agents.

So if anything is going to be done about the Aussie Dollar, it will only happen if you, dear reader, are concerned enough about the future of this country (and your job) to take action yourself.

You can start by doing as I have been doing.

Contact the invertebrates in Canberra.

Educate.

Inform.

Complain.

Harass.

Abuse.

Point out to the self-interested, overpaid, trough swilling imbeciles on both “sides” of Australian politics that there is no excuse … none … for Australia’s government and Reserve Bank deliberately failing to act to address the root of the problem – a speculator-driven AUD exchange rate.

Other “safe havens” have done it.

Switzerland has done it.

Norway has done it.

Indeed, one of the keys to China’s economic success story, has been its use of an adjustable currency peg, which has allowed their industries time to adapt to changing economic and market conditions:

Click to enlarge

You see, dear reader, our politicians, Treasury bureaucrats (looking at you, Martin “Mini-me” Parkinson!), and Reserve Bank governors are simply too beholden to flawed and failed economic ideologies.

Neo-Keynesianism.

Laissez faire capitalism.

“Free trade”.

“Free markets”.

Globalisation.

“Government debts don’t matter, if you have your own currency … you can just print, and inflate your debts away”.

They fail to recognise that the world has fundamentally changed since 2008.

Thirty-plus years of global debt-binging is over.

The masses have had their long overdue big fright … and have begun to wake up.

Debt is not the new black. It is the old red.©

And as a result, an over-leveraged debt-laden world economy, is now de-leveraging.

And in the inevitable race to the bottom, “currency wars” (ie, devaluing your currency) are a key factor.

Australia’s major trading partners are Japan and China. Both protect local industry, with a weak currency. Zero Interest Rate Policy (ZIRP) for Japan. A currency peg for China.

The USA, UK, and the European Union are all trying to protect their economies, to support and restore their manufacturing sectors, by weakening their currencies through ZIRP, QE (Quantitative Easing ie, printing money), and similar schemes via their central banks.

As usual, Australia is roughly 3 years behind the rest of the world.

But the currency wars is not a game that one can win by coming from way way behind.

Accept no excuses from our political “servants”.

Every other major “developed economy” on the planet is supporting local industry and jobs, by acting to ensure and maintain a weak currency.

Only Australia is doing nothing.

Call, write, or email our politicians now.

And if they give you the same (indeed, any) pathetic, close-minded, imbecilic excuses for not acting on the over-valued, speculator-driven Aussie dollar?

KAP the useless bastards.

Vote 1 Bob Katter.

Vote 1 Katter’s Australian Party.

If the “old” parties won’t act on the most urgent issues facing the nation … I will vote for someone who will.

And will loudly proclaim my intent, all the way to the next election.

UPDATE:

By the way … do not fall for the Coalition’s line, that job losses and business shutdowns are due to businesses preparing for the carbon “tax”. Regular readers know that I have been and remain a vehement opponent of the banksters’ CO2 derivatives scam … and even I don’t buy that bullshit.

Sure, job losses will inevitably mount when the derivatives scam launches.

But right now, job losses and business shutdowns are primarily a result of the speculator-driven AUD:

Death knell looms for Caltex jobs

The global dance of death could come quickly to Caltex’s two refineries after it slashed the value of its refining assets by $1.5 billion due to a confluence of factors strangling profits in this part of its business.

It is another example of Australia’s manufacturing going to the wall due to the strong Australian dollar, rising costs and stiff competition from Asia.

The rise of big Asian refineries with an overcapacity of product is turning the screws for local operators and has prompted Caltex management to announce a strategic review of two key refineries of its own – the Kurnell plant in Sydney and Lytton in Brisbane.

And this comes on the heels of Caltex closing one of its petrol-making units at Kurnell last year.

The review was instigated six months ago and is expected to take another six months before investors and customers know the verdict, which could include the sale, closure or further investment in the business.

Given today’s writedown of $1.5 billion of assets due to expectations of a prolonged period of pain, the market is expecting the review will recommend closure of at least one of these two plants which convert oil into petrol and diesel.

Indeed, Caltex supplies one third of Australia’s transport fuels, so the review will need to make sure it does not adversely impact its customers.

Soon, we will not only have given up our food security, by selling the farm to foreigners.

We will not only have sold off our mineral wealth and sent the profits abroad, thanks to a disaster-in-waiting “mining tax” that will actually help the Big 3 multi-national miners to grow their oligopoly.

Soon, we will have given up fuel security too.

And with no manufacturing sector left either, well, any future war would be fun, wouldn’t it?

Carbon permit face-slapping, anyone?  To the death?

Oh wait … they’re not even paper.

They’re just electronic digits.

Exactly like your “cash” in the bank.

UPDATE 2:

Lighthouse Securities’ Greg McKenna, aka “Deus Forex Machina” at Macro Business, has written an excellent overview on this problem too:

The Australian Dollar is higher than it has been in decades. Indeed it is more than 30 cents higher than the average since it was floated in December 1983. Yet while we see businesses constantly in the news contemplating or actualising job losses and off shoring the arms of government and policy makers here in Australia can’t, won’t or don’t want to do anything about it.

This is at a time when most countries in the globe seem intent on manipulating there currency to the best advantage that they can.

I still call the Aussie Dollar “the battler” – its a legacy of it past when it always caught pneumonia at the first signs of the slightest global cold. But back then we didn’t have China, a mining boom and a central bank, our beloved RBA, with a structural bias to tighten in a world necessitating the exact opposite for most countries ( if you are interested why here’s a blog I did last April which explains why the RBA has a bias to tighten ).

It doesn’t battle much anymore though does it, well except for supremacy.

But what to do?

We know the RBA and Australian Treasury are on Board with a multi-decade China boom but do they really want to napalm the rest of the economy and just leave us with an economy full of houses and holes.

I hope not but I fear so.

Please read his article. Greg agrees that action to alleviate the impacts of the high AUD is vital. He also has some important insights on the views expressed by Treasury Secretary Martin “Mini-me” Parkinson. But (unlike myself) Greg does not favour a currency peg, and instead prefers and explains an alternative solution.

This is a debate that must be had. And urgently.

I thank Greg for his contributions to stoking the fires of that discussion.

Bob’s No Mad Katter On RBA “Independence”

18 Dec

Well well well.

No sooner do I finish writing a blog that includes a positive mention and empirically-supported defence of the so-called “protectionist” trade views of Senator Joyce and “Mad” Bob Katter, and lo and behold, I read this headline (emphasis added):

RBA should lower rate or be sacked: Katter

Outspoken Queensland MP Bob Katter says if his new political party were ever to win power federally it would force the Reserve Bank to lower interest rates – even if that meant heads had to roll.

Katter’s Australian Party (KAP), which was registered in late September, wants to devalue the Australian dollar by reducing interest rates.

The party’s policy platform states that the official cash rate should be brought into line with the rest of the world at between one and two per cent.

The Reserve Bank of Australia (RBA) cash rate is currently 4.25 per cent.

Addressing the party faithful on the Gold Coast this week, Mr Katter made it clear that if the Reserve refused to play ball board members would be removed individually or the entire bank “replaced with another body”.

“I don’t want to be advocating political involvement in the Reserve Bank,” the party’s founder told AAP on Saturday.

“But its independence doesn’t extend to the government of Australia abrogating its responsibilities to control the economy.”

Mr Katter said the RBA was using interest rates to control inflation but it wasn’t an effective tool.

Further, Australia didn’t have a problem with inflation, he said.

“Even if it did, it would be infinitely more important to rescue every single industry in Australia – tourism, manufacturing, agriculture and mining.”

The federal member for Kennedy said the high Australian dollar was “murdering” tourism particularly on the Gold Coast.

He noted that Europe currently has interest rates around one per cent while the United States is at 0.25 per cent and Japan zero.

“We are 500 per cent out of step with the rest of the world,” he said.

“There has been a protracted attitude over a quarter of a century that has been diabolical for this country.”

A Katter-led government would request the Reserve to lower the official cash rate and if if it didn’t would “take action”.

Damn!

Has “Mad” Bob Katter been reading Mark McGovern’s paper on Australia’s Debt Dreamtime too?

His comments and policy directly (though insufficiently) seek to address one of the central points made in McGovern’s paper:

Reserve Bank policies are worsening Australia’s external position and needlessly driving up internal costs

… in recent decades the reliance on interest rate movements in inflation targeting along with an insensitive allocation of rates across investment classes have compounded problems and raised investment risk while doing little for inflation objectives. Clearly this challenges current conventions in Australia, and elsewhere, but an argument needs to be had. Reserve Bank of Australia decisions of interest rates may be well be worsening not only Australian competitiveness (since investment becomes markedly more expensive and unattractive as next discussed) but also its external position…

Now, watch all the usual suspects … the government, Treasury, “expert” economists, talking heads et al –  come out in force to denounce Bob’s policy as “mad” and “extremist”.

Just like they jumped all over Senator Joyce in 2009-10, for his courageous, prophetic, and correct call on the danger of ever-rising US debt levels.

Can’t have anyone with a public platform telling the truth about The Big Club, or starting to propose solutions that would undermine the status quo (read “power”), now can we (language warning):

Oh yes … by the way.

“Mad” Bob is right on the money concerning the Great Global Warming Hoax too.

Take very careful note of his comments in the following brilliant video, courtesy of the must-follow wakeup2thelies (from 1:34):

He’s on to the bastards!

And to top it all off, “Mad” Bob wants to change or remove outright the many ridiculous “Big Brother” nanny state laws … think fishing, firearms, camping, billy-boiling, etc … that seek to prevent us blokes from being proper blokes, and turn us all into soft, jelly-bellied, quiet, passive, make-no-trouble-for-government sheilas.

Definitely my kinda bloke, is Bob.

Begone our pathetic Australian cultural cringe … I admire good old-fashioned rough ‘n tough Aussie blokes.  Doubtless their slowly dying out is a big reason why I love old folk, and regretfully concede to feeling a mixture of scorn and sorrow for the latte-sipping, preening, “how-do-I-look?” obsessed, all-things-American-idolising Gen X and Y.

Hey Barn! How about pulling up stumps from the LNP coalition, and teaming up the National Party with Katter’s Australia Party?

One can only hope.

Interestingly, it seems that I’m not the only one who’d love to see the Green-Labor coalition get KAP’d:

Good guys still wear white – Katter’s Australian Party set to run Labor out of town

[Contrary to the line being pedalled by the LNP, a vote for Katter’s Australian Party will not play into Labor’s hands, Dean Bertram argues in The Australian Spectator this week. He writes..]

While I never thought that the progressive Left could teach us anything of worth, at the last Federal election they did. Those leftard voters who swung from Labor to the Greens were able to grab the reins of this country and steer it by their own faulty compass straight towards the perils of a carbon tax.

Imagine a brighter future, where, in place of the current monstrous Labor-Greens hybrid, Australia is governed by a minority Coalition government dependent upon the support of a party committed to solid conservative principals. And we know that [Bob] Katter wouldn’t compromise those principals should such a deal be struck. He wouldn’t sell us out.

We witnessed that when sides were drawn in the aftermath of the last Federal election. So if we want to turn this country around before we are forever trapped in the snares that the Left are setting, right-thinking Australians need to take a leaf out of the progressives’ playbook and change our own voting habits. Thanks to Katter, we finally have another viable choice: a new party that appears to be prepared to put the national interest and the rights of Australians above the dreams of dangerous globalists, be they crony capitalists or enviro-communists.

Katter is currently building a solid team for the Australian party’s inaugural run in the upcoming Queensland State election … The party currently has 43 candidates in place and plans to have about 75 by the time the election is called next year. Moreover, early poll figures indicate that it is set to replicate One Nation’s initial electoral success in that state.

… [L]et’s hope that Katter can round up an equally capable posse to join him in the Federal arena. Because good folk all across this great nation have been circling our wagons for some time now. We’re surrounded and being worn down by an ever-encroaching federal government, a rabid Marxist ideology that disguises itself behind political correctness and environmentalism, and a crony capitalist system that is inimical to both small business and what’s left of this country’s agricultural and manufacturing industries. The Australian party is shaping up to be our long-awaited cavalry. Which, after all, seems fitting, because the white-hatted Bob Katter is leading the charge.

Dean Bertram is right.

We leave the last word to Barnaby:

“I’ve always believed that if there’s a marketplace out there that can be filled in its political requirements by someone who can articulate a cause that collects a vote – good luck to them. That should be the job of all of us,” the Nationals’ Senate leader told ABC Radio today when asked about the idea of a new political party.

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