Blog Archives

Treasury business bail-out should be interest free

by Robert J Lee

The mainstream media seems unable to publish any reliable news unless it has a quote from ‘professionals’ who are supposed to know something about the subject which they have been asked to remark.

The media has to ‘tag’ people to enable them to make authoritative statements and any obscure spokesman from any university will do. After all are not uni’s supposed to be esteemed halls of learning? Those which haven’t been overrun by socialist lecturers and others pushing extreme agendas are hard to find.

Take the case of the economy, taxation and the $330 billion created by Treasury for quantitative easing (credit creation with interest) of the loss of income for small business, banks and 750,000 sacked employees due to the coronavirus outbreak. Incredulously, private banks have been propped up by at least $130 billion of these funds.

Professor Robert Bruenig of ANU wants an increased tax burden for older Aussies to pay for the $330B created out of thin air by Treasury

News Ltd felt obliged to ask Professor Robert Breunig who leads the Australian National University’s tax and transfer policy institute (whatever that might be) to comment.

This professor, if correctly quoted could have been the right hand man of Maynard Keynes, the noted economist who was labelled by Time Magazine in 1999 as one of the most important people of the century because of his economic theory of issuing money as a debt.

Keynes, who died in 1946, was a director of the Bank of England and a promoter of free trade economics in which open market operations, direct taxation and government borrowings would keep a nation’s economic policy flowing nicely.

Nicely flowing right into the pockets of the financial oligarchy.

Keynes’ economic legacy has been lining the private banks’ pockets for 100 years to the detriment of the general population by limiting growth of economies and biting personal taxation to keep up with interest rates on borrowed funds.

ANU economist Professor Robert Breunig has not yet caught on that the Australian Treasury two weeks ago actually issued its own credit out of thin air with no interest attached which has been an enormous boost to the failing economy caused by the lock-down of a nation. However it seems Treasury has attached an interest component for borrowers.

Bruenig believes the older generation, in good old Keynesian style, should shoulder more of the coronavuirus burden by increasing their tax burden.

Maynard Keynes, a 20th Century economist whose monetary policies were adopted by the world simply lined the pockets of the financial oligarchy

“The massive government spend of at least $330 bIllion to counter the economic shock of Covid 19 will have to be paid for by young people,” Professor Breunig told News Ltd.

This learned prodigy of the ANU does not understand what Treasury has done. He doesn’t understand basic monetary creation. Treasury has issued funds as a credit not as a debit and to hell with the private bankers. He doesn’t understand that income tax and a consumption tax are bad policies for which there is no need if money was issued by Treasury as a credit backed by the vast, valuable natural assets of this country.

Another famous monetary reformer from the 20th century, Major C H Douglas was diametrically opposed to Keynesian monetary policy and took the fight right up to the oligarchy with his social credit analysis:

“The economy exists to provide people, as efficiently as possible, with the goods and services that they need to survive and flourish. That is, production exists for the sake of consumption, not for the sake of money-making, employment, satisfying the creative impulse, or ‘moral’ discipline (considered as ends in themselves). It most certainly does not exist for the sake of centralizing wealth and power in the hands of an oligarchic elite.”

https://www.socred.org/s-c-action/social-credit-views/the-economics-of-social-credit-in-summary/social-credit-explained-in-7-points

Treasury, under the Jewish Treasurer Josh Frydenberg, has to a point, beaten central banks at their own game. This created national credit should be given interest free as a ‘Job-Keeper’ wages supplement for small business. Treasury has been playing with the bond market in complicated purchasing and trading of government bonds which in reality is based on smoke and mirrors and not needed to create national credit.

Major C H Douglas promoted social credit as a means of financing government

But Frydenberg has required small or large business to pay interest on all other loans under this scheme. This is bad fiscal policy and there should be no interest charged and the loan should be paid back only if the business is capable of doing so, which are the same conditions attached to US President Trump’s US business bail-out.

This crisis was no fault of small business or wage earners.

Trump has beaten the oligarchy at its own game by merging the privately owned Federal Reserve with Treasury. In other words he has nationalised the Federal Reserve and locked out the Rothschild bankers.(and Trump is still alive)

He has just created $2 Trillion for industry bail-out funds interest free.

It seems Frydenberg does not have the intestinal fortitude to defy the private bankers. After all he is a Jew.

The China – Jesuit partnership which destroyed western manufacturing and economies

by Bob Thompson*

Back in the mid-nineties I had occasion to meet a man who had a close connection to the Order of Jesuits and the Vatican.

As circumstances evolved I saved the man’s life. We developed a friendship and this led to him opening up to me about his strange life and history. I will call him Max.

One day he reacted to a comment I made that maybe the communist Chinese regime wasn’t held in serfdom to the financial and political power of the old Satanist families of Europe which the Jesuit order represented.

His response was, “I am disappointed in you. I thought you were smarter than that! I thought you knew more than most people!”

So I asked him to enlighten me, knowing that he had spent many years in China but what he confided in me was unexpected.

Chairman of Chinese Communist Party Deng Xiaoping partnered with wealthy European Jesuit families to relocate western manufacturing

During the later years of the Mao Zedong dictatorship the Jesuits sent Max into China to offer a partnership between the corrupt, wealthy European Jesuit families and the Chinese Communist Party.

Mao responded to this offer by throwing Max into jail. He remained there for quite a while until the Chinese leadership changed when Deng Xiaoping became Chairman in 1978 until retirement in 1992.

The Vatican again sent Jesuit emissaries into China with a renewed offer and Max was released from jail.

The business deal was finally put into place and today has changed the world.

Socialist China had become an impoverished, backward country with a massive military and police force.

The Jesuits offered to use their power over western nations through front organisations like the Masonic Lodge, banking industry, Catholic politicians and the various socialist assets such as environmental groups which they owned in Western Europe, America, Canada, Australia, New Zealand and the United Kingdom to transfer western industries to China.

These undercover organisations, some holding tax-free status in Commonwealth nations, pushed the free trade agenda upon the west to allow slave labour manufacturing of Chinese goods.

In exchange the Chinese communists were to agree to share the profits from this trade deal with the same old Jesuit families in Europe.

This deal has been kept secret for decades. Free trade was forced upon the western nations by the fifth column members of their political parties.

China was open for business.

Business and industry in the west had more and more taxes and environmental regulations imposed upon them, then the unions forced unsustainable wage increases allowed under China sycophants and closet Marxists PM Bob Hawke and PM Paul Keating.

Meanwhile in China it was business and manufacturing at all costs. There was no harsh and unworkable green and red tape holding it up.

Manufacturing in Australia and the US could not compete with China’s slave labour wages of $2 a day and eventually were forced to relocate their factories to China and along with their valuable, state-of-the-art equipment and patents.

Hawke’s ATO emissary shut down a Sydney manufacturing business

I met with a Sydney manufacturer at the time who made high quality fittings for gas and water installations.  He was visited by a representative of PM Hawke’s office.

The businessman was given an ultimatum, “shift your plant to China or you will be destroyed,” the government agent told him.  “All costs will be paid by the government.”

He refused the treacherous offer and a few weeks later had a visit from the Australian Tax Office. He was accused of tax fraud.  His bank accounts were closed while the ATO conducted an investigation.

Consequently the businessman was unable to pay staff or suppliers. The ATO kept up the charade until he was made bankrupt.  The business was sold and the plant and equipment went to a Chinese buyer.

One of the most destructive parts of the Jesuit – China deal was how China’s much touted economic “miracle’ was funded.

China was allowed to establish a two-tiered monetary system. Their banks did not borrow from the global banksters and did not have to accept so-called foreign investment.

Just as the Australian Treasury created $130 billion by adding extra noughts in their computers a week ago, and how Donald Trump created $2 Trillion interest-free by merging the Federal Reserve with Treasury.

Australia funded large infrastructure projects such as the Snowy River Scheme and the Nullabor Railway in the same manner. Debt-free, no extra taxes, no user pay and no foreign ownership.

After the Chinese deal there were no howls from the Jesuit-controlled media about ‘funny money’.

China went from a third world cesspit into a massive economic powerhouse in a few decades thanks to the crushing economic loss to Australia and the US.

President Trump has begun to claw back America’s former status as a manufacturing giant usurping China but the party duopoly of Australia continues to drag its feet under the weight of cash-backs, foreign bank accounts of politicians and bureaucrats and compromise on a scale that would make Indonesian politicians blush.

Now we are confronted by the Wuhan virus disaster and we have to manage with the loss of our own medical manufacturing industries which were shifted to China.

The cost of this treasonous transfer of our industrial capacity to the police state of China is clear.  This was the ultimate aim of the Jesuits in partnership with Communist China.

Max is long dead but we owe him thanks for revealing the truth about a very evil venture in which Australian politicians played a part.

I am remiss that I ought to have shared this story much sooner. Please pass it on.

* Bob Thompson is  a NSW writer and psychologist

Australian Jewish billionaire Frank Lowy conceals $US68 million from tax office

Letters to Editor

The Zionist Jews for years are rumoured to have their own very well equipped Jew army in Sydney and Melbourne. They have got millions of dollars worth of the best weaponry. They hold their clandestine meetings in a Frank Lowy complex ( Westfield Centres ). Successive Australian Federal Governments have allowed them ( the Lowys ) to control the substantial Temora Air force facility. The Temora locals think it’s great – it brings jobs and tourism. They are ready to move and takeover. They’re ready to pounce, like they did when they took over and massacred 100s of thousands of simple living Palestinians in their own country, like they did when the New York Jew funded Jews took over Russia in THEIR ” revolution” and then proceeded to massacre 66 million Christians over the next 38 years. They have their plants at the top in every government department ( ASIO, ASIS, Signals, Police forces, Australian defence forces, every conceivable government funded body and major company ). They control government policy through bodies such as the Lowy Institute and ALL the other Jew funded institutes and all their politician bribes. Bob Hawke Jew funded Rhodes ” scholar “, Tony Abbott Jew funded Rhodes ” scholar “, Malcolm Turnbull – Jew, Josh Frudenstien – Jew and you wonder why Australia has been sold out. For the whole of my 72 years of life Australia has been sold out by these traitor arseh—s. Most of them lawyers and do they know how to rob Australians blind.

The Australian Broadcasting Commission’s head office in Sydney has been run by the Jewish faction for three decades: Editor

When a US Senate committee alleged Frank Lowy, 84, concealed $US68 million from the Australian Tax Office in Liechtenstein, Lowy said he had given the money to Israeli charities and insisted he had met all his tax obligations. As an Australian parliamentary committee prepares to question the Tax Commissioner this week, Middle East Correspondent Jason Koutsoukis explores Lowy’s strong links with Israel.

Read more: http://www.smh.com.au/business/the-quiet-benefactor-lowys-close-ties-with-israel-20080928-4ppd.html#ixzz40n6SuQF2

Billionaire shopping centre owner Frank Lowy and FFA Chairman falls off the stage at last year’s A- League Grand Final presentation in Melbourne

Leonce Kealy
Brisbane