25 April 2003. Thought for the Week: "As a result of the control over the money system acquired by the banking institutions, it is probably true to say that in Great Britain, 90 per cent of trade and business has in ten years come into the possession or control of banking interests. Such a tremendous transfer of ownership has probably never occurred in recorded history."
C.H. Douglas in "Monopoly of Credit", 1931.
PROPERTY RIGHTS ERUPTS
After seething and bubbling beneath the surface
for a long time, the issue of property rights has burst into the open
in Queensland, and looks like becoming a major issue in the next State
election. Farmers are emphatic that a multitude of regulations concerning
environmentalism and water conservation are so rigid and draconian as
to affect their ability to run viable farming operations on the land
in which theyve invested.
Labors Natural Resources Minister Stephen Robertson
set the tone when he told farmers assembled from all over the State:
You cant on the one hand argue from the point of demanding economic
freedom by asserting that ownership of property confers an open-ended
bundle of rights, such as unlimited capture of the rain that falls on
your land: while, on the other, you accept taxpayer-funded assistance
to achieve both ecological sustainability and maximum private benefit
from the use of your property
(Rural Weekly, 11/4/03)
Mr Jeff Seeney, speaking for the Nationals,
was quoted by The Queensland Country Life (10/4/03 as follows:
One result of this confrontation has been a demand
by land-owners of a Charter of Property Rights which must include
financial compensation by government for any legislated restriction
on farming activities and land usage. Surprisingly, even the Greens
are supporting such a proposal.
JAPANESE LAND PRICES FALL
Believe it or not, land prices have fallen every
year in Japan since 1992 and are still falling. Land has lost about
two-thirds of its value over that period. The Australian Financial
Review (28/3/03) reported:
Banks writing off three-quarters-of-a-trillion dollars in debts seems a pretty good idea! But will the benefits reach the poor benighted land owners? Or simply move into another monopoly?
AUSTRALIAN FORCES IN IRAQ
All reports about specific activities of Australian
troops in Iraq have been expressly vague; few photos or details. However,
a small report in The Australian Financial Review (14/4/03) gave
a few more details:
The article concluded: What was a good and successful war initiative, however, may yet return to haunt Australia in the form of terrorist reprisals. Still, its Brownie points for Prime Minister Howard; and more finds for the Liberal Party!
AUSTRALIAN ICONS CONTINUE TO FALL
Latest news shows Australias last remaining independent Stockbroker, J.B. Were, has been taken over by Goldman Sachs. The result will be a new merged company, Goldman Sachs JB Were, becoming one of the biggest giants in the domestic stock-broking scene.
Mount Isa Mines, which controls legendary deposits of copper, lead and silver, and has been around almost as long as Australia, has also been taken over; all part of the Howard Governments appetite for foreign investment.
OUT-SOURCING AUSTRALIAS LIFE-BLOOD
Its not only computer and telephone services
that are being out-sourced by companies in Australia to countries such
as India. The latest news tells of law firm Baker and Mckenzie
offering its officers digital Dictaphones, which they can use to dictate
letters and legal documents. These are instantly transmitted to the
Philippines, where girls at their machines start word-processing, before
transmitting them back to Australia. So far, about 300 digital Dictaphones,
costing $500 each, have been issued by the firm.
The girls at the Document Service Centre in Manila
receive about $5,000 a year, or less than $100 a week.
LOOT AS MUCH AS YOU LIKE BUT NOT THE OIL
The scenes of looting in Baghdad, while US troops look on, beggar belief. But one area of the former Iraqi economy is off-limits oil facilities and administration. The scramble to start the oil wells pumping and the pipelines flowing has already started. Among contenders is the biggest Russian oil company, OAO Lukoil, who had signed a major oil contract with Saddam Hussein before the war commenced. Hussein awarded the contract for the West Qurna field in 1997, with majority control to Lukoil obviously in the hope of wooing Moscows support for the ending of sanctions. Russia is determined to maintain the contract, saying it will take action to impound oil tankers and seek international arbitration for its cause. Unless, of course, such giants as BP and Exxon can come to a cosy, satisfactory agreement to co-operate in the oil venture.
The wheeling and dealing that must be going on behind the scenes can only be imagined.
WHERE ARE SADDAM AND HIS GUARDS?
Considerable numbers of the Iraqis former top leadership have simply disappeared. Speculation as to their whereabouts is rife. One lengthy report we have received via the Internet is emphatic that arrangements were made prior to hostilities for the transfer of large numbers of personnel across the border into Syria, where a luxury hotel facility on the Mediterranean coast was made available, in return for some of the $billions Hussein has stashed away over the years. Many of the Iraqi troops, the report said, had been integrated into the Syrian forces.
Although considerable detail was provided, the
report can only be described as unconfirmed, but possible, speculation.
Whether right or wrong, there is no doubt that the Bush war-hawks would
like to tackle Syria as soon as possible. However, there are signs that
Tony Blair would baulk at this next step, and could not maintain his
government if he went further. The same reluctance is beginning to appear
The mills of God grind slowly; but they grind
exceeding small, says the proverb. More and more unsavoury details
are emerging about this contrived, unnecessary conflict. And much more
can be expected to surface in the immediate future. Why, for instance,
is the Bush administration not prepared to allow Hans Blix and his UN
team of weapons inspectors return to Iraq?
FREE ENTERPRISE OR 'PRIVATIZATION'?
The following letter was received from one of our website readers. It has been edited for want of space:
"Since my eyes were opened to the potential
of social credit ideas, I now find even excellent articles, such as
that of Naomi Klein's (attached) unsatisfactory and incomplete. As an
example, within the otherwise comprehensive list of things to be privatized,
anything about the way banking will be organised is completely missing.
That of course is a major omission.
In response to E.I's letter:
SOCIAL CREDIT IS: "The efficiency of human
beings in free association (i.e., working, agreeing together) to produce
the result intended, measured in terms of their mutual satisfaction."
(From "Elements of Social Credit" 1946.)
In his introduction to "Social Credit and
Catholicism" Eric Butler wrote:
In "The Big Idea" Douglas wrote:
What, then, is the characteristic of "bigness"
which makes it a common objective in every country in which we can discern
revolutionary propaganda at work?
It is not difficult to find the answer.
A second identifiable common factor is the appearance
of plans everywhere to make people forget their historic attachment
(witness what has happened in Iraq
Thatcherite/Reaganite 'privatization' (also known
as -- another 'spin term' -- 'economic rationalism') is, in effect,
a financially-controlled centralised State - in which the majority of
the people spend their working lives fulfilling purposes determined
by the 'managers' of Monopoly Capitalism. In Economic Democracy
the relations between Finance, Centralisation and World Hegemony are
closely analysed. What emerged from this examination was the fact that
the operation of the financial system was itself inherently centralising,
forcing on society a pyramidal organisation, with Finance, in the form
of the banking system, at the apex of power.
THE TERRIFYING WAR ON IRAQ
What we have witnessed as a result of the terrifying war on Iraq is the wanton destruction of their historical, cultural, and financial records. How many noticed the burning of their libraries, how many noticed in the TV scenes of the looters breaking into the banks, the looters were destroying the banks' records? This, is effect, meant that the records of those who held funds in the banking system for safekeeping, were destroyed. How will the Iraqi people now prove they had funds in those banks? Their financial capital (in the form of bank 'credits', i.e., figures on computer records) was wiped out - the 'slate is now clean'. The looters expected the banks to have vast amounts of notes and coins in their vaults. But, just as many a bank robber has discovered, the looters now know banks deal more with abstract figures, (in the form of computer blips, rather than double-entries in book ledgers these days) than the paltry amount of notes and coins used for everyday transactions.
I.E. of Canada, this is a subject you must research yourself, you will not grasp it without effort on your part. I suggest you thoroughly study, "Social Dynamics" by Eric D. Butler, available from all League Book Services. [Further reading: "The Big Idea" by C.H. Douglas]
MAKING THE WORLD SAFE FOR BANKERS
Remember, Henry Makow Ph.D summed up the present
situation the whole world now finds itself in. First, people with money
machines tend to have a lot of friends. The bankers helped their friends
establish monopolies in oil, chemicals, pharmaceuticals, transportation,
media, etc., and took a healthy stake (themselves). As you can imagine
these people are as thick as thieves
It's 'privatization' in disguise: Naomi
Klein in The Nation, 13th April 2003, went straight to the core
of the matter for the hapless Iraqi people:
"There has got to be an effective administration from day one," Wolfowitz said. "People need water and food and medicine, and the sewers have to work, the electricity has to work. And that's a coalition responsibility."
Klein continued, "The process of getting all
this infrastructure to work is usually called "reconstruction." But
American plans for Iraq's future economy go well beyond that. Rather,
the country is being treated as a blank slate on which the most ideological
Washington neoliberals can design their dream economy: fully privatized,
ed) foreign-owned and open for business."
The US Agency for International Development has invited US multinationals to bid on everything from rebuilding roads and bridges to printing textbooks. Most of these contracts are for about a year, but some have options that extend up to four. How long before they meld into long-term contracts for privatized water services, transit systems, roads, schools and phones? When does 'reconstruction' turn into 'privatization' in disguise?"
'Privatization' is: 'Privatization' is when the banks, having created money out of nothing, (they have not produced an equivalent bunch of carrots, or a field of wheat - nothing which is a corresponding physical 'good' to the money created) lend the newly created money to their 'buddies,' (taking a slice of the action for themselves of course) which in turn creates financial and economic conditions, which in turn, forces 'the little man out' leading to the centralisation and monopoly of all industrial, commercial and business activity. As Naomi Klein insists: "Who cares which multinationals get the best deals in Iraq's post-Saddam, pre-democracy liquidation sale? What does it matter if the privatizing is done unilaterally by Washington or multilaterally by the United States, Europe, Russia and China? Entirely absent from this debate are the Iraqi people, who might - who knows? - want to hold on to a few of their assets what is being planned is not reparations, reconstruction or rehabilitation. It is robbery: mass theft disguised as charity; privatization without representation.
"A people, starved and sickened by sanctions, then pulverized by war, is going to emerge from this trauma to find that their country has been sold out from under them. They will also discover that their newfound "freedom" - for which so many of their loved ones perished - comes pre-shackled with irreversible economic (and financial ed) decisions that were made in boardrooms while the bombs were still falling. They will then be told to vote for their new leaders, and welcomed to the wonderful world of democracy."
[Further reading: "Economic Democracy" by C.H. Douglas; "The Global Trap" by Hans-Peter Martin; "Natural Cost & the Ownership of Money" by J.D. Malan; "Free Enterprise Marketing" by Robert Nixon; "What is Money For? by Ezra Pound.]
"WHATEVER ISRAEL WANTS . . ."
Two of Prime Minister Ariel Sharon's senior aides
will go to Washington for separate talks this week. National Security
Advisor Efraim Halevy will discuss the regional implications of the
Iraq war and the fall of the Ba'ath regime, and the prime minister's
bureau chief Dov Weisglass will bring the White House Israel's comments
on the "road map" plan for a peace settlement. Israel will suggest that
the United States also take care of Iran and Syria because of their
support for terror and pursuit of weapons of mass destruction. Israel
will point out the support of Syria and Iran for Hezbollah, which the
U.S. considers an important target in the war against international
The American administration is very angry with
Syria for its support of Iraq during the war and its willingness to
take in defectors from Saddam Hussein's regime.
Weisglass is scheduled to meet National Security
Advisor Condoleezza Rice and present Israel's reservations on the road
map. Senior government sources said Weisglass's goal is "to make sure
things that disturb us won't happen." The administration has made it
clear in advance that it is not ready to reopen the road map for discussion
and will present it to both sides as is, after the new Palestinian government
headed by Abu Mazen is sworn in.
The Basic fund has now reached the figure of $26,850.50 thanks to the generosity of a number of supporters. Once again, thank you to those who donated to the fund! Please keep the momentum going, we have quite a way to go as yet.
Supporters will be pleased to know the League website numbers increase week by week and month by month. There is now a need for another site dealing exclusively with Finance, Economics and Social Credit proposals. It is in the planning stages.
BETTY LUKS FOR VICTORIANational Director, Betty Luks will be attending a number of meetings in Victoria late April, early May. The following are public meetings.
Horsham, CWA Hall. Monday 28th April -- commences at 8PM.
Numurkah, Tuesday 29th April. Phone 03 58621582 for further details.
LAUNCESTON CONSERVATIVE SPEAKERS' CLUBThe president of the Launceston Conservative Speakers' Club announced the next meeting will be held on Wednesday, 30th April in the Max Fry Memorial Hall, Gorge Road, Trevallyn. The guest speaker will be Mrs. Wendy Scurr who will be presenting some more important facts in connection with the Port Arthur Massacre. Supporters will remember Mrs. Scurr was on tour-guide duty that terrible day, and was one of the first people to enter the café, after the orgy of killing.
Admission - Voluntary Donation. Supper will be provided.
SYDNEY CONSERVATIVE SPEAKERS' CLUB
The next meeting will be held on Wednesday, 30th
April, 2003 and the guest speaker is Mr. Don Brooke, and his subject
Date for your diary: Wednesday, 28th May, 2003. Mr. Neil Baird whose subject will be: "Globalisation & Its Economic Effect to Australia".
THE SAMUEL GRIFFITH SOCIETY, FIFTEENTH CONFERENCE
We have received notification that the Samuel Griffith Society's next conference will be held in Adelaide over the weekend of 23-25th May, 2003. The worthy list of speakers are Phillip Ayres, Ph.D.; Hon. Justice Ian Callinan, AC; Rt. Hon. Sir Harry Gibbs, GCMG, AC, KBE.; Hon. Trevor Griffin, Prof. Peter Howell; Hon Len King, AC; Julian Leser; Hon. Nick Minchin; Dr. Geoffrey Partington; Hon. Peter Reith; Prof. Geoffrey de Q. Walker and Keith Windschuttle.
Subjects include: The South Australian Constitutional Convention; Citizen Initiated Referendums; Retrospect; Judicial Activism and the Teoh case; The Republic; The Aboriginal Question.
For bookings and further details, contact The Samuel Griffith Society, 17 Fitzsimmons Avenue, Lane Cove 2066. Phone: 02 9428 1311 Fax: 02 9420 0063.
"On Target" is published by the Australian League of Rights, Box 1052. G.P.O. Melbourne 3001.