Australia's Great Reserve Bank Fraud, Part 2

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This is the second article in a 3-part series.

With sustained unemployment an estimated 6% higher than during the Great Depression, Australia is experiencing more domestic hardship than at any time in our nation’s history.

In the first in this series, we looked at the fraudulent presentation of the Reserve Bank as being independent of Government, and of the people of Australia. We now understand that the Reserve Bank has no godlike status and it is entirely subservient to the people of Australia; through our Government. Consequently, Government, representing the needs of the people, must direct the Bank to significantly lower interest rates.

The second string to our bow is the centuries old recognition that governments have a responsibility to prevent exploitation of industry, commerce and consumers. Although exploitation is now widespread in Australia, nowhere is this more critical than in the provision of motor vehicle fuels and groceries. We will examine our options regarding groceries first.

Government has the power to impose price controls on Supermarkets, and then to break up the monopolies. This has been standard behaviour of responsible governments since the 19th century, with America’s pioneering Sherman and anti-trust laws being prominent examples; and, as we speak, this same measure is being implemented in the UK where the grocery monopoly is only 50%. This necessary action will dramatically reduce grocery prices and is, of course, a standard and genuine anti-inflationary device. Does Treasurer Swan not understand this?

However, we should be warned; the government's weapon of choice, the ACCC, was designed to lubricate exploitation not prevent it and this organisation, along with its current examination of supermarket profiteering, should be terminated. Sceptics of this assertion (are there any?) should access the paper The Banks and Small Business Borrowers: case studies of adversity (ISBN 1 86487 629 8) by Evan Jones, School of Economics and Political Science, U of S, for revealing insights into A triple C behaviour.

Now to oil; Australia produces arguably the best diesel in the world; Bass Strait supplies only require particle filtering before immediate use. We also produce two thirds of our own oil. There is no compelling reason why Australia cannot organise to eliminate usage of the one third of petrol it imports, and adopt alternative measures; including use of rail freight instead of the more polluting and horrifically more expensive use of road haulage. A coordinated, subsidised, national public transport system has long been called for. As an additional measure, our fuel distilleries must be recommissioned and expanded. These fuel consumption and cost reductions would enable Australia to revoke the outrageous Oil Price Parity Agreement (OPPA), under which we pay international prices for Australian oil. Politicians had no mandate to sign this agreement in the first place, no prerequisite referendum having been undertaken.

Having eliminated the iniquitous OPPA, Government can then erase fuel tax. These measures will reduce the bowser price of Australian fuel to around 12 cents per litre; albeit, double what Venezuelans pay. The loss in Government revenue can be made up in company tax as Australian businesses and industries proliferate and prosper without the restrictions of high fuel overheads. And, of course, Government’s own fuel bill would be reduced. If corporate welfare was also ended (always around 30% higher than the social security budget), national account parity would be easily achieved.

Moreover, with grocery and fuel costs dramatically reduced, creating close to zero inflation, there would be no demand for wage increases; rather, a vastly enhanced consumer capacity. This is the road Swan’s Razor Gang should have walked, rather than viciously slashing the slowest-moving Australians.

Another myth perpetuated by collaborating media and politicians is that there is some international compulsion on Australia to adhere to treaties and agreements; illegal or otherwise. There is none.

Two of the most important words in the history of civilisation have not been heard in quite a while, National Sovereignty; and what these words mean is that no international organisation or alliance has supremacy over the democratic wishes of any sovereign nation. This is what we mean when we say that All Authority Resides in The People; a phrase that has had global currency since the aristocracy and their claimed supreme right to rule, were rejected forever at the time of the French, American and European revolutions.

Those poseurs who love to express their imagined worldliness by making references to ‘the international community’ and how it will not tolerate Australian unilateralism, merely expose their own infantile naiveté. There is no such entity as the ‘international community’. The closest we come to this is the United Nations and with this organisation’s litany of abject failures, its credibility is non-existent and it is held together only by World Bank-generated debt and the threat of violence by the permanent members of the Security Council; a euphemism for global bullying.

Nevertheless, these pompous frauds will wail that ‘the international community’ will launch trade sanctions and embargoes and cripple Australian trade and, therefore, our economy. As there is no economic imperative for Australia to trade with anyone; manifestly this is not so. Australia is the only country in the world today that is self-sufficient. Essentially, we do not need to import; which means we do not have to balance trade with exports. We do so only to make our own elites rich.

Another slogan that must crash is the cry that Australia must become internationally competitive. What gibberish. We always were. With our resources, we hold all the aces. We always negotiate from a position of strength. Strictly speaking, Australia must export only to pay for lubricating oils and greases, which Venezuela can provide bilaterally without any strings attached. All else we can produce for ourselves.

What is said here is not an argument for isolationism, but to clarify our enviable bargaining position; and the acute absurdity of the claim that we must eliminate our prosperity and democracy to “be internationally competitive”. We already were; prosperous and competitive. All we need do now is eliminate the treasonous elements within Government.

In the third and final article in this series, we will examine Australia’s true trading position; our immediate capacity to create an impervious firewall against imported recession; our ability to restore balance of trade and eliminate national debt; stabilise currency; and how we can create three million full time jobs in less than five years.

Considering that those three million jobs were the collateral damage of purely ideologically-driven tariff removals… the destruction of two thirds of our family farms and associated rural and regional economy, and almost half of our manufacturing… no spectacular miracles need be wrought. Restoration of tariffs alone will deliver the jobs and prosperity, but this time extended to cover IT and service industries.

In the next article, we will also consider Australia’s strategic position vis a vis conceivable military imposition of ‘American rules’. Once again, contrary to propagated belief, with the Australian-epicentred hemisphere of US satellite navigation, spy ware, and communications sited on our continent, Australia actually quite literally holds the world’s strategic military balance of power in its hands. The Pentagon must ask itself the question, how do you attack a nation who can casually immobilise half your utilisable military? What price must be paid to ensure this can never happen? As Americans might say, it’s time to talk turkey.