Tag Archives: nwo

Sovereignty Gone: Abbott To Sign Highly Secretive TPP Agreement This Month

9 Oct

Just as I warned here and here, Tony Abbott’s election night victory speech “Open for business” really means “the path to serfdom”.

What is becoming clearer by the day, is that many decades of Australian governments (both “sides”) financing our profligate living habits (ie, trade deficits) by selling off Australia’s national assets, is now reaching a more sinister denouement.

The Abbott government intends to formally sell out our national sovereignty.

Just as international corporatism (money-lending, in particular) has long desired, and planned for.

Imagine a future where the Australian national government is little more than a figurehead. One that can no longer protect you and your children from the predatory aspirations of greedy, profit-and-power-mad international bankers, and the big multinational corporations they finance.

In plain language, that is what the TPP really means.

Cross-posted from Independent Australia:

The Abbott Coalition looks set to sign off on the highly secretive Trans-Pacific Partnership later this month, but what will it mean for ordinary Australians? Dr Matthew Mitchell reports.

Initial nations involved in the TPP; it may include more later.

Initial nations involved in the TPP; it may include more later.

WHAT SORT of “Trade Agreement” manages to both criminalise internet use and force coal seam fracking onto communities?

The answer to this is the Trans-Pacific Partnership (TPP), a pact that has the ominous potential to achieve both these corporate objectives — and many more.

Of course, we cannot know the exact effects of the TPP, as the negotiations over the past few years have been held in secret.  However, two leaked chapters – out of the 26 or more under negotiation – have caused more than their fair share of concern.

One of these chapters threatens to undermine both our existing domestic and international legal systems, throwing away the protections and rights achieved over hundreds of years.

How? Through tribunals linked to a system of International Investor-State Dispute Settlements (ISDS). The one in the TPP led to an open letter signed by prominent Australian judges, lawyers, politicians and academics insisting that the government should not sign an agreement that includes ISDS. The letter states:

‘…the increasing use of this mechanism to skirt domestic court systems and the structural problems inherent in the arbitral regime are corrosive of the rule of law and fairness.’

But ISDS is most definitely included in the proposed TPP put forward by United States negotiators.

The Gillard government made it clear that Australia would not sign another trade agreement that included international dispute settlement by tribunals. This followed Australians being burnt by an agreement that has allowed Phillip-Morris to take Australia to an international tribunal over its plain packaging laws, even though our own High Court already decided against Phillip-Morris.

Other countries are experiencing equally serious consequences.

The North American Free Trade Agreement (NAFTA) is being used by gas and oil company Lone Pine Resources to sue Canada over Quebec’s moratorium on fracking. A trade agreement was also used to sue Ecuador for USD $1.77 billion.

The Coalition’s trade policy document indicates that Abbott’s government will sign the TPP with acceptance of ISDSs because the Coalition is

‘…open to utilising investor-state dispute settlement (ISDS) clauses as part of Australia’s negotiating position.’

Not only that, but it says it will

‘…fast track the conclusion of free trade agreements.’  

Tom J. Donohue, CEO and President of the U.S. Chamber of Commerce, told CNBC that the TPP deal will be completed in a month.

Added to the threat of ISDSs are many other concerns, including those raised by the leaked chapters.

For instance, based on the leaked IP chapter, Aaron Bailey of OpenMedia.ca is concerned about the new powers that may be given to massive international media organisations [IA emphasis]:

The TPP seeks, among other things, to rewrite the global rules on intellectual property enforcement that would give Big Media new powers to lock users out of our own content and services, provide new liabilities that might force ISPs to police our online activity, and give giant media companies even greater powers to shut down websites and remove content at will. It also encourages ISPs to block accused infringers’ Internet access, and could force ISPs to hand over our private information to big media conglomerates without appropriate privacy safeguards. You can see a more complete list of new restrictions below, but it appears that the TPP would turn all Internet users into suspected copyright criminals. In fact it appears to criminalize content sharing in general.

A statement by a U.S. trade representative at the recent ASEAN meeting in Brunei said that the TPP Ministerial Meeting held at the APEC meeting in Bali in early October would be a “milestone” and that the aim was to finish the TPP agreement “by the end of the year“.

President Obama is scheduled to address the APEC leaders, including Tony Abbott, on October 7.

Before Prime Minister Abbott signs this agreement, Australians deserve to know what rights we may be signing away.

Upcoming Information sessions on the TPP:

  • Melbourne, Oct 15. Hosted by Swinburne University. See here for details.
  • Sydney October, 22. Hosted by AFTINET.  12-2pm Macquarie Room, NSW Parliament, 6 Macquarie Street, Sydney. RSVP by Oct 21: campaign@aftinet.org.au

Syrian Girl: “Top 8 Reasons Why They Hate Us”

27 Sep

The young lady featured in this article has also appeared on Australia’s own “Insight” TV show, on SBS (video below).

From RT:

A young, soft-spoken girl living the Syrian tragedy spells it out with far more common sense, truth and honesty than powerful Western governments and their money-controlled mass media puppets.

Identifying herself only as “Syrian, Patriot, anti-Neocon, anti-NWO, anti-Zionist”, early last year she set up her own YouTube Channel (YouTube/User/SyrianGirlpartisan).

In a short (nine-minute) video she explains “eight reasons why the NWO (New World Order) hates Syria.” We would all do well to listen in…

Her ‘Top Eight Reasons Why They Hate Us’ is an excellent wrap-up, applicable to just about every self-respecting country in the world: no Rothschild-controlled Central Bank, no IMF debt, no genetically modified foods, oil and pipelines, anti-secret societies, anti-Zionism, secularism and nationalism.

Her brief message unravels as a sort of common sense manual which explains why the United States of America, the United Kingdom, the European Union (especially France) and Israel are so keen on destroying Syria, a country whose leadership just won’t bow down to the New World Order elites embedded deep inside the Western powers’ own public (government) and private (corporate/banking) power structures.

She describes these eight reasons succinctly and convincingly, giving the world much food for thought and should hopefully inspire deep soul-searching. Especially amongst the people of the US, UK, EU and Israel who are the only populations that can put very direct pressure on their elected politicians in Washington, London, Paris, Tel Aviv and other Western capitals, forcing them to stop behaving like global criminals gone berserk, and to start heeding the word of We the People, in a responsible and democratic manner.

8 reasons the New World Order hates Syria

1) Syria’s Central Bank is state-owned & controlled – In other words, it manages its national currency so that it serves the Syrian people and not the Rothschild-controlled global bankers operating from their New York, London, Frankfurt, Tel Aviv, Basel and Paris hideouts.

This means that the volume of currency it issues is in proper sync with the true needs of real economy of work, labor, production and all that is useful to Syria’s people, instead of being in sync with parasitic, usurious, speculative foreign financiers. The latter seek to control local central banks so they can artificially limit the volume of currency available for genuine economic needs, especially the no-interest credit needed to finance useful things in the real economy: power plants, roads, gas works, housing, private enterprise and initiatives. This forces productive players – public and private – to have to resort to deadly interest and usury-based private banking loans whereupon the eternal debt chain starts to grow and grow as the so-called ‘sovereign debt crises’ that hit country after country throughout decades of time eloquently show.

By artificially distorting the volume of ‘public currency’ issued by sovereign central banks that generates no interest, countries are thus forced to resort to high interest bearing ‘private currency’ (loans) handled by the monopolistic private bankster cabal in the hands of Rothschild, Rockefeller, Warburg, Goldman Sachs, HSBC, CitiCorp, JP Morgan Chase interests.

Clearly, a very good reason for these parasitic banksters to want to take out Syria.

2) Syria has no IMF (International Monetary Fund) debt. This means that Syria’s leadership understands that the IMF – a public multilateral agency of member governments – is controlled by the global mega-bankers, and acts as their auditor and debt collection police whenever one of its weaker member states runs into sovereign debt trouble, which is another way of saying when those countries reach a point where they cannot siphon enough money out of their real economies – the work, toil and labor of its people – to hand it over to the parasitic private global bankers.

In a sense, the IMF’s real job is to act as the global power elite’s tax office – its ‘IRS’ so to speak – only that it does not tax people directly, but rather through proxy government and nation-states’ tax offices. Are we starting to understand the real roots of the ‘debt crises’ hitting Greece, Cyprus, Ireland, Argentina, Spain, Italy, UK, US, Portugal, France?

Global slavery couldn’t have been better thought out and planned!

Actually, true Islamic nations rightly reject banking fractional lending and interest practices as being immoral. That’s what Libya’s Gaddafi did, and what Syria and Iran presently do.

Clearly, a very good reason for parasitic banksters to want to take out Syria, just as they took out Libya and now target Iran.

3) Syria has banned genetically modified (GMO) seeds – Bashar Assad banned GMO’s in order “to preserve human health,” knowing full well that the Monsantos of this world are out to control the world’s entire food supply, because coming global crises will not only be about oil, but about how much food countries will be able to put on their people’s tables.

That’s why after invading Iraq, the US ordered that only Monsanto seeds should to be used. That’s why submissive client states like Argentina are poisoning their own soil and people by bowing down really low to Monsanto’s demands.

Clearly, a very good reason for Monsanto to want to take out Syria.

4) Syria’s population is well informed about the New World Order – Its media and universities openly debate the global power elite’s influence in things. This means that they fully grasp the fact that real power in the West lies not in the White House, 10 Downing Street, Congress or Parliament, but rather with the complex and powerful grid of elite think-tanks led by New York’s Council on Foreign Relations, the Bilderberg Conference, Trilateral Commission, Americas Society, World Economic forum and London’s Royal Institute of International Affairs, which interact with mega-bankers, media, universities, the military, multinationals and the corporate over-world.

As our young friend aptly explains, Syrians dare to talk about secret societies like Freemasonry or Yale University’s Skull & Bone Lodge whose members include top cats like former President George W Bush and current Secretary of State John Kerry.

Clearly, a very good reason for those top cats to order their errand boy Obama to take out Syria.

5) Syria has massive oil and gas reserves – here we go again! Every time the West goes to war to protect “freedom, human rights and democracy,” there’s always the nauseous stench of oil; whether in Iraq, Libya, Kuwait, the Falklands, Afghanistan… Syria has offshore and onshore oil and gas reserves, and is helping to build a massive pipeline together with Iran, but without Western oil giants’ control. Clearly, the full militarization of all oil production and reserve zones, and the militarization of transportation routes to ‘bring oil home’ from everywhere in the world, is a key on-going joint US/UK strategy.

Clearly, a very good reason for BP, Exxon, Royal Dutch Shell, Texaco, Total, Repsol and Chevron to want to take out Syria.

6) Syria clearly and unequivocally opposes Zionism and Israel – Israel practices criminal racist apartheid against the occupied Palestinians. Syria’s leadership has no qualms in accusing Israel of being what it is: a racist, imperialist, genocidal entity, as the Wall of Hate Israel erected around Palestine clearly shows. Israel manages what can only be described as an Auschwitz-like mega-concentration camp in Palestine with millions of ill-treated, often-assassinated and humiliated prisoners.

Such geopolitical clarity of mind was shared by Gadhafi’s Libya and Saddam’s Iraq, and today also by Iran, China, Russia and India.

Clearly a very good reason for political juggernauts like AIPAC (American-Israeli Public Affairs Committee), the World Jewish Congress, the ADL (Anti-Defamation League), Likud, Kadima and Netanyahu/Lieberman to want to take out Syria.

7) Syria is one of the last secular Muslim states in the Middle East, whilst Zionist Jewish supremacists – in line with born-again-Israel-First-Bushite ‘Christian’ kooks in the West – need for everybody to align to the will of their dark demiurge god which has its own ‘chosen people’.

The Global Power Elite’s implicit order is clear: everybody must believe in Israeli superiority, whilst our young Syrian friend aptly points out that Syria, like Saddam’s Iraq, Gaddafi’s Libya and Iran just could not be convinced of that.

She adds that in Syria, “asking about religion is not polite,” because Syria has bred many of mankind’s prime religions for thousands of years, and those millennia have taught Syrians to be sensitive, tolerant and respectful of all creeds. Something we clearly do not see in the pro-West Arabian sheikdoms, nor in the US, UK and EU with its anti-Islamic paranoia, and where laws are passed imposing the most blatant cultural, political and historical lies demanded by religious bigots who insist that their god will only accept their own holocaust offerings.

Clearly, another very good reason for neocon fanatics and their Orwellian Thought Police to want to take out Syria.

8) Syria proudly maintains and protects its political and cultural national identity – she stresses how Syria “holds on to its uniqueness,” whilst respecting the uniqueness of others. The standardized coming world government simply abhors anybody standing up to its imposed standardization of thought, behavior and ‘values’, where the West’s global megabrands, shopping malls, and fashion & style dictatorships “makes every place look pretty much the same, which leads to a very boring world.”

Today, revolutionary thought in the West even amongst the young, boils down to choosing between Coke and Pepsi.

Clearly, a very good reason for Coke, Pepsi, McDonalds, Levis, Lauder, Planet Hollywood and Burger King to want to take out Syria.

Our young Syrian friend ends her message by reminding us that “if Syria falls, it could be the tipping point the ends in victory for the New World Order,” adding that today “Syria is the frontline against the New World Order.”

Wise words from a young lady who understands the catastrophic failure of the Western powers’ political class, who have now completely turned our world upside down; where the very worst and most malignant criminals have infected governments and private power structures, be it in Washington, New York, London, and Paris, or in Berlin, Rome, Bogota, Madrid, Tokyo, Seoul, Amsterdam, Buenos Aires or Riyadh.

If sometimes Hollywood serves as a showcase that reveals the darkest recesses of the Western power elite’s sick group psyche, we might even say that they are playing our the ‘Planet of the Apes’ saga, where a weird and hellish genetic inversion places horrendously destructive animals in places of world power, whilst noble vanquished humans are enslaved and thrown into cages.

Is this today’s metaphor best describing the US against Syria drama?

The eight points mentioned above are as good a guide to get all our countries back on course as we can muster in today’s troubled, out-of-control world.

Whether American, European, Arab, Muslim, Christian, Jewish, Buddhist, Hindu or Shinto, the time has come for ‘We the People’ to make our voices heard on the streets, with neighbors, family and friends, work and school colleagues, through social networks, demanding that Western so-called ‘democratically-elected’ governments – all of which are the direct result of the will of money-sloshing elites that financed their climb to top government posts through their favorite lie they call ‘democracy’ – stop doing what they are doing, and start doing what we demand they do. Now; immediately: we must take our countries back.

Our young Syrian friend has certainly set an example for all of us to follow.

Here is the clip from SBS’ “Insight” last year:

UPDATE:

Interestingly, it appears that SyrianGirl forewarned of a likely “chemical weapons” false flag event more than a year ago –

Bank Of England Governor Lends Support For My Theory

1 Mar

Trust-equation

Former Goldman Sachs alumnus, now governor of the central Bank of Canada – and soon to be governor of the central Bank of England – Mark Carney, gave a speech a few days ago on “Rebuilding Trust In Global Banking.”

Reading the speech was somewhat surreal for your humble blogger. It evoked mixed feelings of hope, and dread. For what else is one to think, and feel, when the enemy lends support for the core essence of one’s own proposed solution to what is arguably humankind’s greatest material problem? (emphasis added)

Six years ago, the collapse of the global financial system triggered the worst global recession since the Great Depression.

Losing savings, jobs, and houses has been devastating for many. Something else was lost – trust in major banking systems. This deepened the cost of the crisis and is restraining the pace of the recovery.

The real economy relies on the financial system. And the financial system depends on trust. Indeed, trust is imbedded in the language of finance. The word credit is derived from the Latin, credere, which means “to have trust in.” Too few banks outside of Canada can claim credit today.

Bonds of trust between banks and their depositors, clients, investors and regulators have been shaken by the mismanagement of banks and, on occasion, the malfeasance of their employees.

Over the past year, the questions of competence have been supplanted by questions of conduct. Several major foreign banks and their employees have been charged with criminal activity, including the manipulation of financial benchmarks, such as LIBOR, money laundering, unlawful foreclosure and the unauthorized use of client funds. These abuses have raised fundamental doubts about the core values of financial institutions.

In my remarks today, I will discuss the breakdown of trust and what is required to rebuild it. The G-20’s comprehensive financial reforms will go a long way but will not be sufficient.

Virtue cannot be regulated. Even the strongest supervision cannot guarantee good conduct. Essential will be the re-discovery of core values, and ultimately this is a question of individual responsibility. More than mastering options pricing, company valuation or accounting, living the right values will be the most important challenge for the more than one-third of Ivey students who go into finance every year.

… most fundamentally, there has been a significant loss of trust by the general public in the financial system.

Yes, the financial system depends on Trust.

And yes, ultimately trust is a question of individual responsibility.

Which is where my alternate currency proposal shines, with its “Honour” rating system of self- and peer-regulation.

It is a system that is maximally decentralised.  “Every man his own central banker”.  Able to create and use his or her own “credere” (credit). Thus, it is more than just a currency system. It is a financial system.  One that eliminates banks.  By making every one of us a bank.

A bank built on our own, individual levels of Trust-worth-iness.

Resulting in a financial system comprising billions of individual banks. The actions of each one regulated by the level of public disHonour that each of us is prepared to accept. Firstly, in our selves. Secondly, in those with whom we choose to conduct transactions.

Carney claims that “virtue cannot be regulated”. It logically follows that he is arguing that the financial system  – which depends on trust – cannot be regulated.

However, he goes on to argue for just that:

Rebuilding Trust: The Five Cs

So what to do? A combination of institutional and individual initiatives – the “Five Cs” – is required.

The G-20’s comprehensive financial reforms will go a long way to rebuild trust…

Carney goes on to describe 4 “C’s”, all of which involve top-down regulation and action by the elites and “leaders” in the financial system.

In other words, he argues that “we” (meaning “they”) can solve the problem of broken trust – not by replacing those persons and institutions who broke trust – but by bailing out those who broke that trust (1st “C”), asking them to be more honest in their reporting (2nd “C”), allowing them to change the rules (3rd and 4th “C’s”), and then expecting everyone else to trust them not to break the rules again.

He then outlines his 5th “C” (emphasis added):

Core values

The fifth ‘C’ – core values – is the responsibility of the financial sector and its leaders. Their behaviour during the crisis demonstrated that many were not being guided by sound core values.

Er… as I was saying. Expecting the “financial sector and its leaders” to change their ways and so earn public trust, is like asking the fox with poultry feathers hanging out of its mouth to implement new ways of managing the keys to the hen house. When what is really needed, is to take the keys away from the fox, and instead, entrust each of the hens with keys to their own hen house.

To restore trust in banks and in the broader financial system, global financial institutions need to rediscover their values… But a top-down approach is insufficient… To move to a world that once again values the future, bankers need to see themselves as custodians of their institutions, improving them before passing them along to their successors.

Conclusion

Ultimately, it will be down to individual bankers, including the Ivey grads who will go into finance. Which tradition will you uphold? Will your professional values be distinct from your personal ones? What will you leave those who come after you?

It is all too easy to understand the source of the many internal contradictions in Carney’s arguments.  They are a natural derivative of his personal position.

He is what I call a “vested usurer”.

As an elite banker, it is naturally in his own interests to support a continuation and extension of the centralising, monopolising international financial system. It is that system which gives him his position, his power, his lifestyle, and his opportunities.

He is unable to conceive of a financial system in which the power of “money”  is decentralised, taken away from him and his kind (bankers), and given equally to every individual in the system.

It is your humble blogger’s firm opinion that the only way for humankind to enjoy a financial system that is truly built on Trust, is by building a maximally decentralised “money” system. One that is based on, and automatically regulated by, every individual’s own credere.

In the “Trust Equation” depicted in the picture above, and in considering Mark Carney’s own argument, we can easily see why it is necessary to replace centralised banking, with individual decentralised banking.

The present financial system – and the bankers who rule it – scores very little, if not in the negative, for “C” (Credibility), “R” (Reliability), and “I” (Intimacy). And a big fat positive for “S” (SELF-Orientation). Result? By their own admission, they have earned a negative “T” (Trust-worth-iness) score.

The individuals, and businesses, with whom each one of us generally choose to buy and sell each day, typically have positive scores for Credibility, Reliability, and Intimacy. And although they may also have a positive score for Self-Orientation, we perceive that their C + R + I adds up to more than their S. We would not choose to buy and sell with them, if we felt that their T score was not a positive number.

The elites who make (and break) the rules of the global financial system, and the lower level bankers who operate it day-to-day, can never achieve a better T score than individuals. Even setting aside all other factors – an impossibility – it must be remembered that the financial system’s rulers such as Mark Carney are completely disconnected from 99.99% of those whose lives are affected by their decisions and actions. They score a massive negative for Intimacy. In the absence of Intimacy with each and every one of us who are impacted by their actions, they must always earn a negative Trust-worth-iness score.

The solution to this is crystal clear to this blogger.

Direct control of the financial system must be given to, and shared equally by, each of the individuals in the system.

Because it is only the individual interacting with another individual, who has a positive quantum of Intimacy. And that is fundamentally necessary to earn each others’ Trust.

UPDATE:

Oliver Marc Hartwich in Business Spectator:

Brutal data on Western debt march

Talk about the looming global currency war obscures an unpleasant reality: monetary policy remains the West’s only weapon to prevent imminent insolvency. Unfortunately, the medicine may kill the patient, rather than the disease.

Since the beginning of the global financial crisis, we have witnessed symptoms of the West’s economic malaise in over-indebted and over-committed governments. But if you thought that the eurozone crisis was bad and that the US fiscal cliff was a nightmare, you ain’t seen nothing yet. The fiscal problems of the Western world are so deep that they cannot be solved by some last-minute deals struck in the early morning hours.

The only way in which bankrupt governments like the US can keep living in the manner to which they are accustomed is by printing money. And although they may not do this directly, central banks are making it possible. Soaking up government debt through unorthodox monetary policy, ie. quantitative easing, they allow governments to continue spending as if nothing had happened.

There are two basic problems with these policies, however. The first is the most obvious. Historically, printing money on such large scales has always been the surest way to debase a currency. It may not happen immediately, and it may not even be visible for a while, but it is a matter of logic that a vastly inflated monetary base will sooner or later result in the destruction of a currency’s value.

The second problem is for the global economy. As most developed world central banks (with a few notable exceptions) are engaged in saving their governments from default, they are fuelling a global currency war – whether they intend to achieve competitive devaluations of their currencies or not. It may not even be a central bank’s primary goal to subdue its currency’s external value, but by providing support to its government on a scale like the US Fed, which has tripled its monetary base since the start of the global financial crisis, a weakening of the exchange rate is inevitable.

Unfortunately, for as long as the underlying fiscal problems of Western governments are not addressed and corrected, there is no escape from this march towards economic Armageddon.

In order to keep over-spending governments’ fiscal heartbeats going, monetary policy will come to the rescue – simply because there is no other way out. In the medium term, this will trigger both a debasement of currencies and increase tensions between trading partners. Currency wars and retaliatory trade policies will be the result. Both could bring globalisation as we took it for granted over the past two decades to its knees.

At the moment, monetary policy presents itself as part of the solution to the West’s sovereign debt crisis. If current policies continue much longer, it will become clear that it is part of the problem.

Central banks and governments are complicit in upholding the illusion of an all-caring, omnipotent and omni-responsible state. The longer they pretend this is viable, the more complete the destruction of the West’s economies and societies will be in the end.

What the West desperately needs is an exit strategy from this road to ruin. It needs to shrink its governments and social services to a level that can be financed out of taxes when its population ages. It needs to wean itself off the sweet poison of fresh central bank money.

It needs a new “money” system. Because the one we have known, is doomed. Hartwich’s “exit strategy” is no exit strategy at all – bloated government and social services are now a major sector of Western economies; shrinking them (“austerity”) is proven to make the situation worse.

The only question remaining, is whether the next “money” / financial system will free humanity from the power of the bankers, or, more comprehensively entrench humanity’s slavery.

Strewth! What Is Alan Kohler Doing On “Their” ABC?!

21 Dec

I applauded ABC News Finance commentator Alan Kohler recently, for his brilliantly blunt article on Wayne’s MYEFO.

And here’s Alan speaking more dangerous truths on ABC’s Inside Business, his Sunday morning business show (h/t wakeup2thelies):

I’m shocked.

Wonders will never cease.

Big Truth told, on the government-funded national broadcaster.

If you are inclined to prayer, then you might like to petition for Alan’s personal safety.

Should he persist with commentary like this, he may need it.

Speaking of which, does anyone know how Alessio Rastani is faring these days?





Carbon Permits Do Not Even Exist

2 Aug

Are the government’s carbon dioxide permits really just “bits of paper” for banksters and assorted financial parasites to shuffle around for fees and commissions?

Are the government’s carbon dioxide permits really just “bits of paper” for banksters to reference as the basis for creating new derivatives products for their long-sought carbon derivatives casino?

No.

As I have said all along, the carbon permits will not even be printed on physical paper.

They will be electronic bookkeeping entries.

Electronic digits.  In a computer.

It is yet another similarity with the completely farcical EU system, where over 3 million of these “permits” – which only exist as numbers in a “Registry” computer – were stolen between November 2010 and January 2011.

From our government’s exposure draft Clean Energy Bill 2011, Part 4, Division 2 (emphasis added):

Division 2—Issue of carbon units

94 Issue of carbon units

The Regulator may, on behalf of the Commonwealth, issue units, to be known as carbon units.

95 Identification number

A carbon unit is to be identified by a unique number, to be known as the identification number of the unit.

98 How carbon units are to be issued

(1) The Regulator is to issue a carbon unit to a person by making an entry for the unit in a Registry account kept by the person.

(2) An entry for a carbon unit in a Registry account is to consist of the identification number of the unit.

(3) The Regulator must not issue a carbon unit to a person unless the person has a Registry account.

Too easy.

Left click, left click on the mouse button.

Tap tap, tap tap on the keyboard.

Voila!

A new “carbon permit” has been created.

With a government-decreed purchasing power, of AUD $23 (in 2012).

In other words, exactly the same way that “money” is created under modern banking.

Wheeeeeeeeeeeeeeeeeee!

This bankster-designed evolution of the old medieval-era hoax called “alchemy” – formerly known as “turning lead into gold” –  is really easy.

You just have to be the one making the rules.

Which is why I say this.

Again.

There is only one way that common humanity can ever truly be free.

And stay free.

By taking unto ourselves – each and every one of us – those powers long held exclusively by a tiny minority of malevolent modern-day central banking “alchemists”, who create “money” out of thin air.

See my essay – The People’s NWO: Every Man His Own Central Banker.

“There are a thousand hacking at the branches of evil to one who is striking at the root” – Henry David Thoreau

Most Important Video On The Internet

23 Jul

Please watch the following brilliant video, that some wise and alert Aussie soul has had professionally created.

Sums up perfectly the truth, the whole truth, and nothing but the truth, behind our government’s push for a carbon tax / ETS … aided and abetted since 2004 by The Goldman-churian Candidate, Malcolm Turnbull.

I apologise that I am unable to embed it here, so you will have to watch it after the jump – http://kzoo.co/VyQHed

Enjoy … and SHARE.

Barnaby: “I Thought One-World Government Was A Conspiracy Theory, Then I Heard The De Facto Deputy PM On Radio National”

11 Jul

Media Release – Senator Barnaby Joyce, 11 July 2011:

I thought one-world government was a conspiracy theory, then I heard the de facto deputy PM on Radio National

Well, welcome to the world of a new broad based consumption tax to sit on top of the other green state based taxes and swindles, and of course the GST.

Welcome to the capacity of the government to jack the tax take via your power point, as they please, to pay back their gross debt of $194.4 billion.

Welcome to the fact that the Prime Minister said this is the deal before even a draft of the legislation has made it to the Parliament, another insult to your democratic rights.

Welcome to the Brown-Gillard-Windsor alliance saying this will save the Great Barrier Reef and stop droughts, a pitch that would put the dodgiest second hand car dealer to shame.

Welcome to the world where a member of the new government alliance, Bob Brown, has stated about the carbon price this morning on ABC radio that:

… it’s not locked in for 15 years to no change, this has got upward flexibility. It means that through the processes, including a Climate Change Authority here, we will be able to keep pace with the rest of the world as inevitably more mature and reasoned action is taken against the enormous threat of climate change in the years ahead.

Let’s all just retire from the Parliament as your rights follow your $3 billion of carbon credits, collected via a power point in your home just above the skirting board, to some other corner of the globe. Instead, a new Canberra bureaucracy, or Authority, will decide what the carbon tax should be in the future.

They didn’t need to go to an election to introduce it and now they don’t think they need to go to the Parliament to increase it.

More information– Matthew Canavan 0458 709433

If you’ve not read it yet, then perhaps you’d like to read My Idea to change the world.

How?

By undermining the power of the global bankers … the parasites who screwed us with their GFC, and are behind the huge push for global “air” trading –

“The People’s NWO:  Every Man His Own Central Banker”

Smelling A Rat

10 Jul

Interesting.

I wonder how many others have observed what I observed.

Within 5-18 hours of the last of the 3 “Independents” formally backing the Labor-Green Alliance’s “carbon pricing” plan on Friday, we have seen the government-funded chief propaganda arm, “their ABC”, and other mainstream news services, air several stories just like this:

And this:

Australian children are being terrified by climate change lessons

Primary school children are being terrified by lessons claiming climate change will bring “death, injury and destruction” to the world unless they take action.

On the eve of Prime Minister Julia Gillard’s carbon tax package announcement, psychologists and scientists said the lessons were alarmist, created unneeded anxiety among school children and endangered their mental health.

Climate change as a “Doomsday scenario” is being taught in classrooms across Australia.

Resource material produced by the Gillard government for primary school teachers and students states climate change will cause “devastating disasters”.

Australian National University’s Centre for the Public Awareness of Science director Dr Sue Stocklmayer said climate change had been portrayed as “Doomsday scenarios with no way out”.

Dr Stocklmayer said she was not a climate-change sceptic but worried that “too much time was spent presenting scary scenarios, especially to young people”.

“(Children) feel incredibly despondent and helpless in the face of all this negative information,” she said. “To put all of this before our children … is one of the most appalling things we can do to (them).

Now, for those with a mind of their own, who have researched and discovered the truth of the Great Bankster-Driven Global Warming Hoax for themselves, these despicable facts have been known for a long, long time.

But leave all that aside for a moment.

Because my big question is this.

Why now?

Why only now, do these stories receive an airing?

Why only now, right at a time when the electorate has been driven to a peak of confusion, distrust, anxiety, and barely-contained rage, as a result of the news that this economy-planking “tax” being imposed on the people against their will is now a done deal?

I smell a rat.

I smell the hand of Ordo Ab Chao in this.

Order out of Chaos.

Airing stories such as this – which could and should have been aired years ago – at this moment in time can only serve one purpose.

To raise community distrust, anxiety, and anger even higher still.

Think about it.

If you wanted to bring about World Government – as our real PM Bob Brown has now openly stated as Greens policy – then first you need to whip up a total distrust of all existing politicians.

And, all existing political systems.

Otherwise, without total distrust, loss of faith … and a healthy dose of chaos … the peoples of earth will never willingly accept World Government.

All the more reason for you to take a chill pill today, and turn your back on Juliar’s muppet show.

The People’s NWO: Every Man His Own Central Banker

7 Jul

** 7 October 2014:  The concept described in the following essay has since been developed further — visit beta website deror.org for more information.

“To radically shift regime behavior we must think clearly and boldly for if we have learned anything, it is that regimes do not want to be changed. We must think beyond those who have gone before us and discover technological changes that embolden us with ways to act in which our forebears could not.”

– Julian Assange, Conspiracy As Governance (2006)

There is nothing more dangerous than personal initiative: if it has genius behind it, such initiative can do more than can be done by millions of people among whom we have sown discord.

– Protocol V

Are you seeking profit, or protection from the storm?  This is not for you.  Are you here because misery loves company, or to impress with wit?  This is not for you.

This is written for those who have moved to a place beyond fear, and preservation.  Beyond greed, and accumulation.  This is for those who have moved beyond, to a place the Sovereign Man knows not of.

It is the place where un-selfish thoughts roam freely; where the forces of greed and fear are “not of this world”.

If you are seeking comfort in confirmation of existing ideas and beliefs, then I encourage you to look elsewhere.  Here you may be challenged to reconsider.  To research and study.  To think outside the square.  And to take uncommon action.

In the introduction to the movie V For Vendetta, we are reminded that “an idea can still change the world”.  I will share my idea to change the world with you today.  I hope you may have an even better one.

First, an apology.  The basis of my idea challenges common precepts that you may hold as gospel truth.  In the interests of brevity I cannot author a supporting thesis.  So I encourage you to simply adopt a certain mind-flex; to entertain the underlying rationale for the moment, in order to consider the main idea in context.

My idea will particularly challenge those who conflate the concept of a “currency” with a “store of value”.  We have been trained to do this.  We have been taught to identify both of these different concepts, with the singular label of “money”.  This is the first and greatest delusion to be overcome.  If “money” is ever to be made a servant of mankind, and not continue to be his master, then we must begin by taking great care to distinguish clearly between “money” as “store of value”, and “money” as “currency”.

A “store of value” can be anything real, tangible, and (in relative, human lifetime terms) lasting.  Gold, silver, some art, property, gemstones, all these and more may be considered a store of value.

A “currency”, by contrast, should serve only as oil for the wheels of the economy.  To aid the proper, efficient, and right moral function of commerce and industry, in its pivotal role within civilised human society.  To achieve this, our chosen form of currency should have no intrinsic value whatsoever.  Moreover, in the interests of true social justice, the ideal form of currency should be destroyed at a modest, fixed annual rate.  Why?

For an in-depth understanding of the answer, I encourage you to read up on the concept of Freigeld (“Free Money”), as elaborated in the Natural Economic Order by Silvio Gesell.  Before rushing to dismiss this little known genius as some kind of crackpot, you may first wish to consider carefully the profound success of Gesell’s demurrage currency concept during the Great Depression.  The Miracle of Wörgl, Austria is an excellent example.  You will also discover how this alternative monetary “experiment” was promptly shut down; tellingly, at the behest of the Austrian Central Bank.  And how American economist Irving Fisher unsuccessfully petitioned Roosevelt to implement a similar monetary system, as a solution to America’s woes in the Great Depression.

The reason why a demurrage currency is essential for true social justice is this:  The product of labour – the sweat and effort of ordinary people – is subject to the natural laws of entropy.  The farmer’s produce spoils. The manufacturer’s product too has a “shelf life”.  It deteriorates, or is superseded.  The product of labour is compelled by the natural laws of entropy to find a buyer promptly.  If it does not, the producer – who has no personal use for surplus – inevitably suffers loss.  He wears the “carrying cost” of deteriorating product if it remains unsold.

The possessor of currency, by contrast, has an unfair advantage, if his currency is not likewise subject to entropy.  Simply by means of the unspoken threat to “shut his wallet” and withdraw temporarily from the marketplace, taking his non-deteriorating currency with him, he may force the producer – compelled as he is by the law of entropy – to lower the price of his ever-deteriorating goods.

This is the inevitable – and inequitable – consequence of adopting a form of currency that can also be perceived as a “store of value”.  The Supplier of currency (the buyer) is granted an unjust and unfair power over the Demander of currency (the producer/seller).  The very form of currency itself naturally encourages its possessor to mistreat and humiliate his fellow man, by taking advantage of the relative weakness of his bargaining position.  And arguably worst of all, the one who is disadvantaged is the producer of goods.  The engine, the very heart and soul of commerce and industry.  Simply by virtue of the possessor choosing to “save” his currency – since he also perceives it as a “store of value” – the  producer is forced by necessity to continually and ever more urgently lower the asking price for his goods, until the point at which the possessor becomes willing to enter the marketplace and buy.  While many may see this as “good business” or “driving a hard bargain”, it is hardly “to love thy neighbour as thyself”.

In the people’s NWO economy, there will never be a shortage of oil for the wheels of commerce.  Neither will there be an excess.  As with your car, too little and too much oil both are highly damaging.  One starves the engine of lubricant until the mechanism seizes.  The other causes a build up of excessive pressures, until the weakest part blows.

If you will accept this basic premise concerning a “natural currency” – even just for entertainment purposes for now – then the rationale for my idea will follow.

Before introducing it however, a disclaimer for context.  I am vehemently anti debt, and anti usury.  Since early this century, a significant proportion of my own modest material net “worth” has been in physical gold and silver bullion.  Stored beyond the reach of the banking system.  Yet, this choice is predicated by external circumstance, and not by ideology.  My research leads me to conclude that gold and silver “bugs”, “sound money” advocates, and “Constitutional money” proponents, are all most subtly, yet most profoundly, deceived.  There is a very logical and ancient reason why ancient occult (secret) society symbology is a persistent feature of the founding relics of the USA, of Washington DC, and indeed, of the Federal Reserve Note.  To return to a precious metal standard would achieve nothing more than to take one small step backwards – straight into the previous stage of the monetary trap laid for humanity by “the powers that be” (TPTB) over many centuries.

I believe that the current system will collapse.  By accident, or by design.  Waiting for it, and scheming/hoping to profit during or after the collapse, is a fool’s game.  Those who pull all the monetary strings, who have this exclusive “money issuance” power over us now, will have it then too.  Only more so.  Because whatever system is suggested by the authorities to replace the present one, you may rest assured that it will be their system.  Of their design.  For their benefit.  Ordo ab chaoOrder out of Chaos.

Unless We The People beat them to it.  By introducing our own monetary system.  Not by waiting on “democracy” so-called.  By exercising our “dangerous” personal initiative.

My idea for a new monetary system, to undermine and ultimately take over from the collapsing present order, is simple.  Build a complementary currency system.  Starting right now.  One where you, me, and every participant assumes the basic human right to become their own central banker.

After all, if it’s ok for a tiny minority to create their own currency out of thin air – and then enslave us for the privilege of using it – then what is to stop all of us – the great majority – from simply going out and doing exactly the same thing … but with un-selfish intentions?

Here’s how I picture NEO – a Natural Economic Order for the digital age, and a true people’s currency.  Imagine some genius has exercised personal initiative, and created an encrypted software program that you can download.  It functions using peer-to-peer networks (thus, that much more difficult for TPTB to close down).  Let’s imagine that it is called “Jubileeus”.

The Creator.

And the Deliverer from debt slavery.

Using this program, you can create your own digital currency, right out of thin air.  Just like the central banksters.  There’s no cost.  No fees.  No interest charged.  Ever.  But (unlike the banksters’ system) there are encrypted, pre-programmed limits and conditions.  To ensure the system is functionally stable, and socially just.  And most importantly, to encourage right behaviours that are conducive to a stable, just, and equitable society.

You choose the initial amount you wish to create.  This will be your positive bank balance, denominated in “Jubileeus” currency.  When you create new currency, you will automatically have a second, linked account too – showing a negative balance, in the same amount.  That’s because you have taken up the solemn privilege – a future Human Right – of creating your own “credit” for yourself.  In other words, you “borrowed” currency out of thin air, to aid your dealings in the marketplace.  But that’s ok.  Everyone should have appropriate access to (not free “money” but) free currency.  So that everyone is empowered to contribute equally to oiling the wheels of commerce and industry.

In most respects, this currency system functions just like the familiar cash transaction (ie, positive credit) and loan accounts that you might have with your local bank.  Spending your Jubileeus to purchase goods and services will decrease your positive bank balance towards zero, just as you would expect.  When you sell something, or otherwise earn more Jubileeus, there is a subtle difference though.  You do not have a choice to not pay down your negative (“loan”) balance first.  Why?  The system designer believed it best to encourage people to learn to reduce their negatives, before giving thought to increasing their positives.  So any Jubileeus received automatically pays down your negative balance first, reducing it towards zero, rather than simply increasing your positive balance.  Having any income automatically applied in full to your “loan” account first, will create no hardship for anyone – if you are ever short of currency in your positive (“credit”) balance to pay the bills or buy groceries, you simply “borrow” (ie, create) some more currency.

I suspect that there are “sound money” advocates screaming about now, that such a system is ignorant, insane, and doomed to failure.  For many there will be an automatic negative emotive response, because even this kernel of the idea instantly evokes the spectre of free, unlimited “money” supply, and fears of hyperinflation.  Doubtless some will be recalling the many historical incidents of excessive currency issuance by spendthrift dictators and politicians, and recoiling in horror or laughing in derision.  Patience, friend.  Your fears will be addressed by the end.

Two points to consider.  First, the fact of excessive currency issuance in the past does not logically necessitate tying currency issuance to physical commodities (eg, gold/silver).  In point of fact, doing precisely this has been the first stage tactic employed by TPTB over many centuries for gaining control over kings and peoples.  Linking currency issuance to a physical commodity does not limit your ability to expand or contract the total of available currency, if you already control the stocks, and/or the supply, and/or the  public reporting of reserves of that particular commodity.  On the contrary, encouraging, coercing, and/or bribing kings and politicians to pass laws linking currency issuance to a commodity that you already control, actually increases your ability to manipulate the currency irresponsibly, fraudulently, or indeed, nefariously.  It provides another layer of deception. Another curtain behind which to hide, while you pull the levers of power.

Secondly, you are quite correct.  Excessive currency issuance is indeed a real danger to be avoided.  Too much oil in the car eventually blows up the engine. The question is, How to avoid it?  Historical precedent suggests that the real challenge lies not only in the form of currency chosen, but also in the matter of Who has power to control its issuance.

Our “people’s currency” could address this danger simply and effectively, by way of a built-in, automated Honour rating system.  Don’t laugh.  I’m serious.

Let’s imagine again.  You’ve downloaded the Jubileeus software.  You decide to create an initial “loan” to yourself of 50,000 Jubileeus.  You now have a positive “credit” balance of 50,000, and a negative “loan” balance of 50,000.  The system automatically flags your account with a publicly visible Honour rating.  Of just 50%.

Every time you conduct a peer-to-peer transaction with another participant, they can see your Honour rating before proceeding.  And just as with eBay’s feedback system, some will decline to trade with you if they have doubts about your character, integrity, and indeed, your honour, as implied by your Honour rating.  In the people’s NWO of the future, in light of our experiences of the terrible outcome of permissive attitudes to financial corruption, immorality, selfishness and fraud, I suspect that any question mark over your financial “honour” will weigh far more heavily on others’ thoughts and social consciences than we have seen in recent decades.  Having an Honour rating of xx% or worse may result in your becoming a pariah in a society that has, through great pain and suffering, come to see the value of a strong social conscience.

The automated Honour rating system therefore encourages you to carefully consider whether you really need 50,000 Jubileeus.  After all, are you really going to spend it all now?  Since you can create currency for yourself whenever you need it, perhaps it is wiser to just create an initial balance of 5,000 Jubileeus.  And have a 95% Honour rating instead.

How do you improve your Honour rating?  Go out and work.  Create something.  Build something.  Sell something.  Ask for payment in Jubileeus.  After all, every other guy can also create new Jubileeus to pay you with.  (Just as in Wörgl, Austria, how rapidly might Depression-level unemployment rates fall towards zero, if everyone had access to a free people’s currency such as this?)  As you earn more “money” currency, your negative balance is automatically reduced, ever nearer to that perfect zero point.  And your Honour rating improves accordingly.

The zero point is perfect?  Yes.  Having zero represents the perfect moral and social position on personal use of free currency.  And the only way to have a 100% Honour rating, is to have a zero bank balance.

Just because you may completely pay down your previous (interest-free) “loan” balance – or, perhaps you never needed one – this does not mean that it is ok to start hoarding currency.  It is the oil on the wheels of commerce, and is supposed to constantly circulate, remember?  By hoarding currency, you are indulging in anti-social behaviours.  You could and should be passing currency ever onwards, in exchange for the fruits of others labour, thus doing your part to provide employment and opportunity for all your fellow men.  If you truly have no need or desire for more of others products or services right now, then you could and should be investing for the longer term. Perhaps in dividend-paying shares in a sound and ethical public (or private) company.  Or, perhaps simply in a true “store of value”.

So in the same manner as a negative balance, a positive balance is also penalised automatically with a reduced Honour rating.  Should there be a difference between your positive (“credit”) balance and negative (“loan”) balance, then the Honour rating is based on the larger – thus the “worst” – of the two balances.  For example, if you have 10,000 in positive, along with a 5,000 negative balance, your Honour rating will be 90%.  Not 95%.  But pay off your 5,000 negative “loan” balance with 5,000 from your positive “credit” balance, and you will be rewarded with that 95% Honour rating.

Finally, what about the demurrage aspect?  Recall that our basic premise is that the ideal “people’s currency” should be designed to automatically deteriorate if not used to conduct transactions.  Gesell’s original innovation of applying a “carrying cost” to currency – hence Stamp Scrip – is the primary means to encourage proactive circulation of currency rather than hoarding.  (My Honour rating idea is supplemental, but importantly, it also serves to discourage greed in the initial act of creating new currency by appealing directly to our sense of public reputation, personal integrity, and self-worth).

How do you make a purely electronic currency deteriorate?  I imagine some genius out there could simply pre-programme the software to automatically reduce all account balances – positive and negative – towards zero by a fixed percentage, calculated weekly and summed since last log-on.  How much should this fixed percentage be?  Gesell advocated an annual “carrying cost” rate for currency of 5.2%, or 1/10th of 1% per week.  I have no idea if this is an appropriate figure – though it would appear that it certainly worked a treat in Austria until the banksters had it shut down.  Perhaps some free-thinking economist (oxymoron?) will read this, and be interested enough to research and offer advice.

Once again, the system encourages you to use your Jubileeus.  If you have it and don’t use it, it slowly but surely fades away.  Back towards the zero point.

Such a system not only encourages productivity (ie, hard work).  It encourages creativity and innovation (ie, what new product can I make? what new service can I offer?).

It eliminates poverty. No one need ever again have insufficient “money” to purchase the basic necessities of life, when every person is their own central banker.

It also applies natural limits to global “growth”.  And thus, to the impacts on our environment and natural resources.

Under a Jubileeus system, no longer are there cabals of greedy banksters’ creating endless “credit” – at interest – in order to finance the Ponzi scheme of “capitalist” perpetual economic growth. And enslaving humanity to debt servitude in the process.

Instead, Jubileeus means that “growth” is naturally limited by the total number of human beings on the planet, multiplied by the sum of their collective willingness to “Honour” each others’ Jubileeus. Not only are there pre-programmed rules on the amount of currency that an individual can create. There is also a natural limit on how much public “disHonour” that people are willing to take upon themselves by creating more currency than they actually need at any time. And, there is a natural limit on how much “disHonour” that people are willing to accept in others, when choosing whether or not to buy or sell with other individuals.

Jubileeus means a true declaration of individual independence from those who control each and every one of us, through their exclusive control over the creation, and issuance, of  “money”.

Jubileeus means that every day, is independents’ day.

There you have it.  That’s my Big Idea.  I hope it inspires you to think about what is really happening to us all, and what (if anything) you are going to do about it.

For my part, I look forward to reading your thoughts, constructive criticisms, and insights.  Because I’d like to do something more than just ponder all this.  I’d welcome contacts from any who may be of like mind, and wish to get involved in a real project to bring this idea – or something better – to fruition.  Truth be told, I have the time and motivation, but lack the necessary technical skills to realise this alone.

I’d also welcome feedback from anyone who may be inspired to independently try something similar.

There’s plenty of alternative currency ideas out there – the Ripple Project, and more prominently Bitcoin, are two that spring to mind.

There’s also free-spirited genius software developers such as “Jaromil“, who has developed a tool that allows you to connect your computer with your neighbours – essentially bypassing the telecomms infrastructure – using the wireless card in computers and creating an effective “new net.”

Just imagine the revolutionary power of such brilliantly simple low-technology – combined with any number of possible hardware solutions such as One Laptop Per Child, or even just reuse of abundant, “redundant”, discarded-but-functional Western consumer PC hardware – in helping every human being worldwide, especially in developing nations, to each become their own central banker too.

Imagine too, the effect of such a system on human relations and solidarity. In Jaromil’s Dyne:Bolic example, you become reliant on your neighbour to break out into the network.  Inherent in this system is the expression of “love thy neighbour” – we must share, before we can benefit. Imagine how we would all feel about our neighbours, if they were the only way we could connect to (and buy-sell with) the rest of the world.

There’s also the grassroots network of hackers at ‘digital foundry’ dyne.org, and the researchers and developers at dyndy.net. These are all doing sterling work as they “Imagine the Future of Money”.

Unfortunately, in the words of Henry David Thoreau, “There are a thousand hacking at the branches of evil for every one striking at the root”.  My research suggests to me that all the complementary currency systems currently out there are flawed in key aspects, and so represent a less-than-ideal solution if we are to have a sustainable, tamper-proof, boom-and-bust proof, truly egalitarian system of free “money” to serve the human race.  But that’s just my viewpoint, and I wish everyone the best who may have a mind to try setting up a new and better currency in competition with TPTB.

The system that I have proposed here, a “mutual company” so to speak, or a “commonwealth of stewardship”,  represents a singular threat to the #1 weapon which those who would continue to reign over us possess.

Fear.

Their current plan to address the fear of global systemic banking risk – a fear which they have created through control of the boom-and-bust “cycle”, of which the GFC is only the most recent example – is to divorce the transactional currency system from the store of wealth system.

This is precisely what my idea would achieve … without the centralised control.

Mervyn King, Governor of the Bank of England, gave a speech at the Buttonwood Gathering in New York on October 25, 2010. His speech was titled “Banking: From Bagehot to Basel, and Back Again.”

Here’s an excerpt from the speech (emphasis added)*:

Another avenue of reform is some form of functional separation. The Volcker Rule is one example. Another, more fundamental, example would be to divorce the payment system from risky lending activity – that is to prevent fractional reserve banking (for example, as proposed by Fisher, 1936, Friedman, 1960, Tobin, 1987 and more recently by Kay, 2009).

In essence these proposals recognise that if banks undertake risky activities then it is highly dangerous to allow such “gambling” to take place on the same balance sheet as is used to support the payments system, and other crucial parts of the financial infrastructure. And eliminating fractional reserve banking explicitly recognises that the pretence that risk-free deposits can be supported by risky assets is alchemy. If there is a need for genuinely safe deposits the only way they can be provided, while ensuring costs and benefits are fully aligned, is to insist such deposits do not coexist with risky assets.

Straight from the mouth of Bank of England Governor, Mervyn King. Separating the “store of value” system, from the “currency” system. In its effect, precisely what the system I propose would achieve.

But with the banksters still in control of both systems.

Unless We The People beat them to it.

But first, we need to wake up.

We need to understand the true and proper nature of “money”, and “currency”. So that we are not hoodwinked by the next stage of the global bankster scam.

Many are aware of the evils of “fractional reserve banking”. And it is these who will be the first to sing “Hallelujah!” and fall for the trap, when TPTB suggest doing away with fractional reserve banking as a “solution” to the global systemic banking crisis that they have created.

The only way that “money” can truly be rendered a servant to mankind, is with a decentralised system.

One that no one controls. And every one shares.

A “Natural Economic Order”.

With the writing on the wall ever clearer, and financial doomsday drawing nearer, I honestly reckon that we all have little to lose – and everything to gain – by trying to exercise some “dangerous” personal initiative.

Will yours be the one with genius behind it?

Our integrity sells for so little, but it is all we really have.  It is the very last inch of us, but within that inch, we are free.

Valerie

Beneath this mask there is more than flesh.  Beneath this mask there is an idea, Mr Creedy.  And ideas are bulletproof!

– V

* Acknowledgement – reference to Mervyn King speech originally cited and brought to this author’s attention by Dave Harrison http://tradewithdave.com/?p=5310

Barnaby: Selling The Farm Will Hurt All Of Us

30 Jun

Nationals Senator Barnaby Joyce says Australia's best farming land should be off-limits to all foreign investors and mining companies. Picture: Glenn Hampson Source: News Limited

Senator Joyce writes for the Canberra Times (my emphasis, links added):

Maybe I am getting the flu and that is why I am grumpy otherwise it is the complete loss of attention to the major issue of our time, and sorry folks it is not global warming. It is the change in the geopolitical world from one dominated by democracies to a world dominated by quasi-corporate democracies and one party states.

Europe is in more trouble than the early settlers by reason of a loss of control of its borders and a loss of pride in its Judeo-Christian origins. It has morphed into a socially and politically correct nebulous fog with an enormous debt. Debt is generally the honesty pill of rubbish policy.

America is in trouble, as I predicted in 2009, for most of the reasons Europe is. America also seemed to suffer that other affliction worse than the flu, an unbridled belief that others would adhere to the purity of your economic theories coupled with a benevolent romantic feeling of how things will pan out for you ”over the long term”. They don’t.

The global financial crisis was really a global debt crisis. A GDC not GFC. A few years ago the crisis was about private debt but the debt is still there, the crisis is not over, it’s now just public debt. On Tuesday the US hit its Congressional approved debt limit of $14.3 trillion.

There doesn’t seem to be anything on the horizon to change things and while the debt is still building the crisis remains.

We are heading the same way. We promise to repay our debt but Labor never does.

Once a country, which is doing quite well by breaking your well meaning trade laws, gets it foot on your throat it increases its pleasure by increasing the pressure. Soft authoritarianism turns into hard authoritarianism backed up by something that the west was good at, a state of the art highly trained and proficient military.

Do we honestly believe that countries which have scant regard for the suite of issues that we hold sacred, such as our legal code and individual rights, are nonetheless going to be leading the charge, hand in hand with Australia, to cool the planet?

They know how to deal with us, mouth the platitudes then carry on regardless; with any luck we can do some more self-inflicted damage to ourselves. Their game plan is pure and ruthless, be No1 by whatever it takes.

We have sold our farm processing sector; we are now selling substantial sections of our better land. We have moved our manufacturing away and increased the price of power so manufacturing does not come back.

Yes, and we now have our debt. The Labor party are trying as hard as it can to make it politically incorrect to discuss debt but I strongly believe that in Canberra its effect will be the only subject in town when it finally hits the fan.

So in Australia how do we manage a future dispute with another nation’s government about its strategic economic interest in our land? Do we believe that a dispute will never arise? There is quite a difference between taking a corporation to court compared to taking what is in fact a 100 per cent owned arm of a foreign government to court. Judicial action in these cases might have some distinct drawbacks.

Those who are making the money from the current sales will say that this is just parochialism and I suppose that is to be expected. They can hardly disagree with the largesse that has set them up for life, but they will not be offering up their windfall to solve the future problem. In the past we have had foreign investment but not ownership by foreign countries like we are getting now, predominantly by China.

The exception to this, of course, is the British empire in its role in Australia around about 1788. I may be going out on a limb here but I do not think indigenous Australia ended up with the strategic upper hand in that engagement. Indigenous Australia should have listened to the sage advice that a foreign government taking ownership of your land is just the market economy helping you out and they would be completely overreacting and unnecessarily parochial if they believe that it would in anyway diminish their ultimate hold on the land.

Just in case you’ve missed your caffeine this morning – I dare to venture that Senator Joyce was employing a touch of irony in his final sentence.

Which is more than one can say for the Great Green Future of those Aussies presently employed in industries associated with the making of iron and steel, et al.

UPDATE:

Barnaby’s having a lot to say today – and getting media play.

From The Australian:

Nationals Senator Barnaby Joyce says Australia’s best farming land should be off-limits to all foreign investors and mining companies as the Greens demand a review of investment rules, accusing the government of putting coal sales ahead of food security.

Amid revelations a Chinese mining giant spent $213 million buying 43 farms for coal exploration in the NSW Northern Tablelands, the opposition regional development spokesman said this morning legislation was urgently needed to protect prime agricultural assets.

“I think prime agricultural land, and we have to remember that we are talking about the very best land here, it should be off limits because it is irreplaceable,” Senator Joyce told ABC Radio. 

“Once it’s gone, it’s gone forever and prime agricultural land is really the agricultural form of the Opera House it is unique and Australia has some of the best in the world and that should always be quarantined from any event that would destroy its nature.”

Senator Joyce said prime agricultural land would be identified by soil structure, yield type, and water bearing capacities, and would be protected by state-based legislation. He said the Foreign Investment Review Board powers should be reviewed and supported independent Senator Nick Xenophon’s call for the threshold for FIRB intervention on purchases to be lowered from the current $231m to $5m. 

Currently foreigners purchasing more than a 15 per cent-plus stake in most assets worth more than $231m are required to seek approval from the FIRB.

“I believe should be lowered. To try and pick a number on your show this morning I think would be slightly nave on my part. But I think it should definitely be looked at,” Senator Joyce said.

“Now exactly what those changes are would be would be subject of an investigation by the appropriate committee.”

Assistant Treasurer Bill Shorten, who has been commissioned by Julia Gillard to review land ownership, yesterday rejected calls for an inquiry into FIRB’s rules.

PM-in-waiting Bill Shorten is Minister for Financial Services and Superannuation.

The same bloke who’s mother-in-law is directly implicated in the infamous Heiner Affair cover up – that was recently covered up again by a Greens-Labor-Steve Fielding travesty in the Senate.

The same bloke who thinks of your super as a “significant national asset” … a kind of “sovereign wealth fund”.

And has already begun implementing first stage policies to steal it.

Read all about that here – “No Super For You!!”

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