Economic carnage
We all know about the recent Victorian bushfires and the ensuing carnage; but there is another catastrophe waiting to spring to life. The catastrophe I am referring to is one of an economic nature and has been brought about by massive debt, both public and private. This debt has brought the nation to the brink of recession or so we are told by the leading lights in our Parliaments and the banking fraternity.
Our political leaders have hit upon the grand idea of spending our way out of this recession. To do this they intend to borrow $42 billion, which will have to be paid back to the banks by succeeding generations. This money will be splashed around to various groups and individuals in the vain hope that it will stimulate the economy. But who will benefit from all this money spent into circulation when so much of our goods are produced overseas?
It is just as well that our politicians weren’t called upon to put out the recent Victorian fires as they would have trundled off with the fire tanks full of petrol instead of water, in the vain belief that to put out the fire is to put more fuel on an already burning out of control situation.
All problems have practical solutions including this current economic one but they won’t be found in the same people who have delivered us to the state we are in. It is abundantly clear that they no longer serve “we the people” but serve as hirelings in the pay of foreign powers who dictate the policies of their parties.
A more practical solution to the problems we face would be to create our own credit by a government owned bank like the once government owned Commonwealth Bank and to cut (amongst other things) occupational licensing and other regulations that are impeding productivity and that places a yoke of bondage on the necks of our people.
Politicians create the problems then campaign against them and proffer solutions worse than the problems. Indeed, it needs to be asked who benefits most from the “stimulus package” when we consider the following quote from Karl Marx:
“Owners of capital will stimulate the working class to buy more and more expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt is unbearable. The unpaid debt will lead to bankruptcy of banks; which will have to be nationalized, and the State will have to take the road which will eventually lead to communism.” (Das Kapital, 1867)
Are we not seeing this happening right now? You can be sure that what is happening in the political and economic world has been planned. ~ J. Nauss
Looking forward to the future
It was fantastic to read the report from Mark Wilson on the rise of the BNP [British National Party] and how well they are doing over there. They are professional, well organised with sensible leaders, just what we need here.
From all appearances, the Australian Protectionist Party look to have the potential to do something similar, which would be great. Not that it would a carbon copy, but so long as it is professional and sensible, that is the main thing. I have a feeling that we Aussies can look forward to some great things in the years to come. ~ A. Rowe
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