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.
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.
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
The Senate Economics Legislation Committee on 14 February initiated an inquiry into the Banking System Reform (Separation of Banks) Bill 2019.
This landmark senate inquiry was ignored by big media which preferred sensationalising the dust-up between One Nation’s James Ashby and its former senator Brian Burston in the halls of the senate.
from Citizens Electoral Council
This is a major blow for the banks, which had assumed that the Hayne Report from the banking royal commission, which did not recommended structural separation, would be the final word on the issue—bank shares soared on the news they wouldn’t be broken up. They celebrated too early, however.
On 12 February, a week after Hayne’s report became public, Senator Pauline Hanson introduced into the Senate the same bill that Bob Katter had introduced into the House of Representatives in June 2018. This bill was carefully drafted by the Citizens Electoral Council based on the USA’s successful Glass-Steagall Act of 1933 and the updated “21st Century Glass-Steagall Act” bill currently before Congress, adapted for Australia’s financial system.
The bill separates traditional commercial banks that take deposits and make loans from all other financial activities. This solves the problems of both vertical integration—the gross conflict of interests involving banks advising their customers to buy products from other businesses the banks also own; and horizontal integration—banks mixing commercial banking with risky investment banking that puts customer deposits, and the whole economy, in danger. The bill also brings the failed bank regulator APRA (Australian Prudential Regulation Authority) under much tighter parliamentary control.
Bank separation has the support of most cross-bench politicians in Parliament, including the Greens, Centre Alliance, One Nation and independents. It is also supported by key backbenchers in all of the major parties. The Labor Party had said they would support it if recommended by the royal commission; however, sticking with that position is untenable. They know that Commissioner Hayne’s terms of reference forbade the investigation of “structure”, which Labor had intended a royal commission would have looked at. Also, even Labor’s senior statesman Paul Keating has strongly criticised Hayne for not recommending structural separation.
(Hayne’s recommendation against structural separation is a scandal: that section in his report includes a blatant lie, and experts familiar with public inquiries have accused Treasury of a “dirty trick” to rig the outcome in favour of the banks.)
The opposition to separation comes from the big banks, the discredited regulators which are captured by the banks, and the leadership of the major parties who take huge donations from the banks. The banks wish to keep the parasitical structure that has enabled them to amass huge profits, not only through gouging their customers but also through gambling with their deposits, which they use to underwrite their huge derivatives bets that collectively amount to more than $40 trillion. There is a revolving door between the banks and regulators: high-powered executives from banks take key positions in the regulators, such as ex-UBS chief John Fraser taking over as Treasury Secretary in 2013-18 and former senior investment bankers holding six of the nine positions on the executive of bank regulator APRA; and regulators retire to plum banking positions, such as former Treasury Secretary Ken Henry becoming chairman of NAB and former RBA governor Glenn Stevens joining the board of Macquarie Bank. And not only do the big banks donate to the major parties, but so does the Australian Banking Association which lobbies for them, as do the Big Four global accounting firms which audit the major banks and have a track record of covering up dodgy bookkeeping by banks all over the world.
Make a submission
This inquiry is the chance for the Australian public to force the debate on banking separation that the royal commission was not allowed to have. The Senate Economics Legislation Committee is taking submissions from the public, so every concerned Australian should make a submission.
Here are some points to note about the Glass-Steagall principle of full banking separation:
- It works, as proved by its success for almost 70 years (1933-99) in America;
- It ends the conflicts of interests of vertical integration, which is the only way to ensure the misconduct exposed by the royal commission can’t happen again;
- It protects deposits from the dangers of speculation, which boosts confidence in the banking system;
- It stops banks from diverting credit into unproductive financial speculation, thus making more credit available for lending to neglected sectors such as small business, industry and farming.
The submissions deadline is 12 April, but don’t delay—make your submission today!
How to make a submission
Written submissions can be delivered to the Committee in two ways: 1) by physical post; 2) online.
- Post your written submission to: Senate Standing Committees on Economics
PO Box 6100
Canberra ACT 2600
Phone: +61 2 6277 3540
Fax: +61 2 6277 5719
from Robert J Lee
How did Rabobank get into Australia to take the place of the Commonwealth Development Bank?
The Netherlands-based Rabobank has its origins in Australia thanks to former Labor Prime Minister Paul Keating and his then wife Annita, a Dutch-born Australian.
Reputedly the world’s largest rural bank, Rabobank reportedly was asked to hang up its shingle in Australia by the Keatings when he was Prime Minister in 1995.
Several years before the Keatings were involved with Danish interests in setting up a string of large piggeries in NSW.
Eventually the business failed and the Keatings were left holding the bag with the Commonwealth Development Bank reportedly for about $4million however according to then Senator Michael Baume, who doggedly pursued Keating over his debts at the time, it could have been much more.
To get out of debt in one foul swoop, Keating wound up the CDB in 1995, and put Rabobank in its place. Senator Baume said at the time the CDB debt was not ever repaid by Keating.
Most Rabobank profits go back to European shareholders. Paul Keating today drip feeds hundreds of thousands of dollars each year from the public purse, his reward for destroying Australian manufacturing and opening up Australia to the rapacious foreign banks.
Even today Keating still maintains Australia should be a ‘service country’, an ideology carried on by Malcolm Turnbull and the Liberal Party.