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article imageAustralia's Great Reserve Bank Fraud, Part 3

By Tony Ryan     May 30, 2008 in Politics
The Reserve Bank must lower interest rates; the Coles/Woolworths duopoly must be broken down; and the Oil Price Parity Agreement abandoned. In part III we examine Australia's primary strategy to restore full prosperity and national sovereignty.
In the two previous articles we established that the Reserve Bank is subservient to the people of Australia and that a responsive and responsible Government must direct the Governor to significantly reduce interest rates.
We recognised the traditional role of government in breaking up monopolies and regulating profiteers; titles the Coles/Woolworths duopoly well deserves. We noted the long overdue termination of the Oil Price Parity Agreement, which forces Aussies to pay futures-driven international prices for Australian-produced oil.
Moreover, we concluded that economic stimulation and the massive savings generated by the above measures would significantly expand government revenue, sufficiently to justify an incremental reduction in fuel tax, eventually leading to a bowser price of 12 cents per litre; less for diesel.
Finally, we clarified and defined ultimate authority, noting that no international treaty, organisation or alliance has supremacy over the democratic wishes of any sovereign nation. Thus, signatories to economic arrangements that were not mandated by national referenda, as required by the Australian Constitution, must be regarded as invalid.
Our next step in this survey of Australia’s economic chaos must be a fresh look at trade per se. Australia is now the only country in the world that is potentially self-sufficient. The only items we are forced to import are lubricating greases and oils, and approximately one third of our petrol. Following a quick catch-up in electronics, all else can be produced in Australia. By establishing a workable public transport system and thereby reducing our traffic, we could easily eliminate the imported petrol factor. Likewise, reductions in diesel consumption can be achieved by converting road transport to an enhanced and integrated rail system; with the added benefits of reduced air pollution.
A fundamental question is never asked, why do we need to export? In terms of core economics, we must export only to cover costs of essential imports, which we have already demonstrated are minuscule. So why do we export? The reason, as in so much of politics, is surprisingly oblique.
Because we have no laws that regulate election campaign expenditure, these have become an industry in their own right; and an intensely profitable arrangement for Rupert Murdoch, who also happens to be one of the most powerful men in the world. Murdoch promotes the two party system because this optimises his editorial influence; being able to tip public opinion scales to either of the Tweedledum or Tweedledee major political parties, with minimal effort.
These campaigns are largely financed by international banking cartels and mega-corporations; in return for policies that are, for them, profitable. There is only one way these profits can occur and that is through trade; and the financial transactions and usury that lubricate trade.
The collaborating plutocratic elite of Australia are also beneficiaries; any rewards for Australian workers being incidental and inevitably diminishing. A glance at history will tell us why. In the 1950s and 1960s union influence and activity was at its zenith, and unions were the sole reason why workers received a fair share of the nation’s wealth. When London School of Economics graduate, Robert Hawke took over the ACTU, we witnessed the commencement of damaging union amalgamations; the intention being to transfer the power of union members to a central hierarchy. When Hawke became Prime Minister, the same thing happened to ALP branches, with all power transferred to an ambitious elite, few of whom had any affinity with Australian workers. Hawke personally vetted candidates for preselection.
How could this happen? The distinction between ALP and Liberal has been illusory since 1973. The Vietnam War protest movement created irresistible peer pressure amongst university students, which forced formerly conservative students of the professional class to socially identify with the ALP and unions; a political migration that, with their entry into the workforce, resulted in a rapid university graduate takeover of union and ALP hierarchy. An accommodation of employer and professional interests quickly developed as natural loyalties were re-established.
Within a decade, the United Nation’s banking and trade bodies; the WTO, WB and IMF, had managed a seamless conversion to privatisation, deregulation, and economic rationalism in Australia; with incremental tariff reductions spearheading redistribution of wealth to the elites. Over a period of two and a half decades, two thirds of family farms folded along with almost half of Australia’s manufacturing sector; both unable to sustain unfair competition from third world subsidised products. Contrary to globalist propaganda, these products were the result of corporatised near-slave labour.
Realists now recognise that when local business owners have been cleared from the market, subsidies will cease and the price of currently cheap imports will rise to a level regulated only by supply and demand. Meanwhile, as we noted previously, the human cost of this ideologically-driven destruction has been three million full time jobs, and the drift of one million workers and farmers from regional and rural Australia, into East Coast cities. Compounded by disastrous intakes of migrants and refugees, these population explosions created new but well-anticipated crises.
Australia is a dry continent and, apart from the Murray/Darling system, has widely dispersed, shallow and localised water catchments. This means it is not suited to intensely populated European-style cities. A network of regional centres was always the only environmentally sustainable pattern of habitation; with food produced on family farms, slowly developing in the direction of permiculture. Broadacre monoculture agribusiness was never a viable option.
The manipulation of Australia’s population into coastal cities has created a water crisis in almost every centre; accommodation is in short supply and overpriced; infrastructure is overburdened; and urban sprawl is threatening local ecologies and agriculture. The collapse of the rural economy has impoverished local councils, providing centrist state governments with pretexts for forced amalgamations. To redirect culpability, Government has presented water shortages as the product of drought; a complete misrepresentation of circumstances; such as portraying Wivenhoe flood mitigation dam as a catchment failure. Without the urban population explosion, drought would not be an urban issue.
Is reconstruction of Australia’s economy too massively complex to be attempted? Thankfully, as we will see, the primary solution is breathtakingly simple; tariff restoration.
Tariff restoration will enable farmers to return to rural lands and regenerate the rural and regional economy. Surveys indicate that, not only will former regional populations return, many young urban families and retirees will join them, seeking more nurturing living environments and considerably lower residential costs. Concomitantly, urban rents will fall and suburban homes will once again become affordable. With city populations returned to sustainable levels, the urban water crisis will be over.
Tariff restoration will spark the overnight re-creation of our manufacturing sector; much of which has been in mothballs for a decade. Within five years, the three million full time jobs lost to tariff removal will have been replaced; and if tariff protection is extended to IT and service industries, a further one million jobs will emerge.
Obviously, tariff restoration preempts a dramatic reduction in imports. This will significantly reduce importation of worrying US recession; with optimum import termination creating an impervious firewall against global recession. Politicians argue that recession is not a real threat, and that our China trade will support our economy. This is a transparent falsehood and they know it. The US has reduced imports from China and will continue to do so as recession bites deeper; which means our exports to China will fall in tandem, inexorably tilting our balance of trade towards the abyss in which all defaulting nations languish.
By now it must be occurring to readers that, although we have so far adopted a posture of presenting options for Australia’s future, in fact we no longer have the luxury of options. The value of our imports is now approximately 30% higher than that of exports. Due to oil price rises, this percentage may now be higher. If Australia was a business, our accountant would be telling us we are bankrupt. Economists might concede that we are only bankrupt in a technical sense; however Australia’s multi-entity Tariff Restoration Bloc members bluntly state that ‘technical’ is a euphemism for in the real world. Now is the time to call a spade a spade.
What is absolutely inevitable is that the World Bank is going to cover our debts only if we surrender National Sovereignty. Even if such a concept were to be entertained by our politicians; and we should not for one second imagine there are any patriots in Parliament, this would have to be an issue resolved by referendum. Only the most remote and insular academic could imagine the Australian electorate would agree to such a proposal. We can safely presume the electorate will choose the retained independence and reclaimed prosperity of tariff restoration.
Foreign affairs academics; not renowned for grasping real world issues, argue that the ‘international community’, will not tolerate Australia’s refusal to become enmeshed in the new global colonialism, in which we are to become absorbed in the China-led, Asia-Pacific Union. In case New World Order euphemisms mislead readers, in plain language this means that Australia is to become a colony of China. It is no coincidence we have a new Mandarin-speaking Prime Minister.
But are the academics right? Recalcitrant nations usually become the subject of trade sanctions and boycotts or, failing this, military intervention. However, if we become a self-sufficient non-trading nation, these measures cannot be applied; and military intervention is the only big stick at hand. And of course, by military intervention we all know this means US-led UN military intervention on one pretext or another. The incredulous naive need to understand that the US has flown this flag on some seventy occasions since 1946; always with success. And as always, to the world this would be presented as rescuing freedom and democracy from a terrorist threat; no doubt Muslim. With the world’s largest Muslim population on our doorstep, this will seem unquestionably plausible; especially to insular Americans and Europeans.
Here, already holding all the aces, Australia can play its trump card. The easiest military target is an urbanised nation. The more we disperse our population the more expensive and problematic invasion and occupation becomes for the invader. Secondly, the six US military bases in Australia, effectively the Pentagon’s eyes and ears on the Asia-Pacific theatre, are widely dispersed and America does not currently have the logistic capacity to invade, occupy and hold these bases, in addition to the entire continent.
Without these bases firmly in US military hands, the Australian epicentred hemisphere could, almost at the flick of a switch, become unnavigable to aircraft carriers, submarines, aircraft and ICBMs. What this means is that any overt threat levelled at Australia will have unthinkable and mortifying consequences for American global supremacy.
Citing their satellite bases in Australia, yet arrogantly failing to nurture us as hosts, has been America’s greatest strategic error. The price the White House will have to pay will be an unspoken treaty guaranteeing Australia’s sovereign independence. Thus we can restore tariffs with impunity, and revoke nonsense treaties and agreements such as FTAs, GATS and GATT.
Further undermining White House resolve, a great many American citizens are making similar demands; that the US once again adopt a nationally-focused economic philosophy. In France, Netherlands, UK and most of Europe, there are identical movements. It’s a small world.
In summation, Australia’s prosperity and independence can be re-established by:
restoring tariffs, lowering interest rates, regulating Coles/Woolworths prices and ending the duopoly; and terminating the Oil Price Parity Agreement.
Let’s hear Rudd explain why he continues to obstruct cohesive national policies.
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