Treasurer Josh Frydenberg is a bald faced liar. So too is his Assistant Treasurer Michael Sukkar and Prime Minister Scott Morrison.
All three have claimed on national television the $330 billion created by the Reserve Bank was borrowed and taxpayers are liable to pay it back.
The ABC broadcast this interview with Treasury officials who have stated categorically the Covid 19 bail-out Jobseeker fund to assist business maintain employee remuneration was created by adding extra noughts in Treasury computers. The ABC has rolled over yet again, under orders from Frydenberg, ignoring their previous radio interview about Treasury credit creation.
ABC reporter David Taylor naively claimed this was the first time Treasury had created credit. He is totally wrong- it has been doing it since the early 1900’s.
There is nothing new about credit creation by banks. Early bankers of the 17th and 18th centuries accepted gold as a deposit then issued notes against the gold held in their vaults. The value of the notes often exceeded the value of the gold in their vaults. These were the first bank notes used in every day transactions then and now. Except for the world’s greatest Treasurer, Liberal Peter Costello who sold most of our physical gold reserves to ‘balance the books’ and replace it with government paper.
Peter Costello agreed to sell most of our gold holdings in 1997.
The decision prompted cries of betrayal from the gold industry and, with the benefit of hindsight, was incredibly poorly timed. Since the sale of 167 tonnes of gold for $2.4 billion, or just over $400 an ounce, gold in Australian terms has rallied to record highs. The price peaked last July at $1819.44 an ounce, at which point the gold Australia sold for $2.4bn would have been worth $10.7bn.
In a vault deep in the basement of the Reserve Bank’s Martin Place headquarters in Sydney today sits a hoard of gold bars worth about $US500,000 each — all four of them.
The RBA now holds almost the entirety of the nation’s gold in vaults administered by the Bank of England.
Credit creation as espoused by social credit crusader Major CH Douglas before and after WW 2 has been around for centuries.
Charged with rebuilding a destroyed Japan after WW2, General Douglas MacArthur rebuilt its economy without borrowing external funds. He created the credit needed by issuing paper as do the central banks of every country. Japan turned into a powerhouse economy and led the industrialised world with manufacturing for decades.
Just as the Australian Treasury and the the Commonwealth Bank did for a century. Taxpayers should not be slugged to pay back the Jobseeker fund particularly as Frydenberg, a member of the Jewish fraternity, admitted $60 billion was created unnecessarily due to a book keeping error and not needed after the sums were done correctly.
This credit does not exist as legal tender, that is notes and coins, but as a blip in the Treasury computer.
He could use these created funds to complete construction of the Bradfield Scheme to water inland Australia, high speed rail and new generation, coal-fired, base power stations thus creating tens of thousands of meaningful jobs.
Here is the weapon to use against the medical mafia
Commonwealth of Australia Constitution Act
51 Legislative powers of the Parliament
(xxiiiA) the provision of maternity allowances, widows’ pensions, child endowment, unemployment, pharmaceutical, sickness and hospital benefits, medical and dental services (but not so as to authorize any form of civil conscription), benefits to students and family allowances;
The LNP/ALP duopoly know they can’t forcibly vaccinate the population (any form of civil conscription) so they dangle carrots and withdraw Commonwealth benefits, (some of them are mentioned above), if vaccination is refused.
Take the nursing home nonsense being pushed by Chief Medical Officers requiring visitors to aged care facilities to have taken the toxic, ineffective and dangerous flu shot. No shot, no entry. As we have reported the flu season only starts when Big Pharma starts marketing millions of flu vials for dopey doctors to infect the population.
Readers have suggested a fighting force be started to take on Big Pharma and a group can be started when a leader steps forward to spearhead a class action against mass medication using Section 51 as a defence. Section 51 states unequivocally that “… any form of civil conscription” is not lawful.
There are several large no win, no pay law firms who should jump at this one. Certainly some NRL footballers have been doing a great job exposing the danger of dirty flu vaccines by refusing the toxic injection.
Aggrieved nursing home visitors and those who want to place their kids in educational facilities but are prevented enrollment unless they subject their poor kids to a dozen dangerous injections, would have incentive to start litigation. There are others who have been hung out to dry over opposition to forced vaccinations and looking to stymie Big Pharma’s multi-billion dollar vaccine depopulation programs.
If we could roll enough of them together a snowball effect would begin. Furthermore there are enough senior doctors and authoritative medical researchers coming out of the woodwork exposing the Coronahoax who could provide all the evidence needed to overthrow the criminal pharmaceutical industry and their bribed political stooges.
Urgent action is needed now before PM Scott Morrison gets his hands on Bill Gates’ witch’s cauldron of toxic ingredients waiting to be forcibly stuck into the bloodstreams of innocent people.
This pre-planned, societal shutdown experiment is entering its exit stages carefully managed and documented by the so-called National Cabinet of State Premiers and the Prime Minister.
This is round one, conducted to gauge public reaction by removing people’s rights, then benevolently returning them one by one thus conditioning suburbia to accept the upcoming, harsher round two.
The most disturbing aspect of the economic decimation, food deprivation, home imprisonment, job losses, military checkpoints and swift para-military police intervention is that it is being overseen by Chief Medical Officers. What happened to our political representatives? It seems they have been hiding under rocks since the contrived epidemic began.
Are there any class action starters? firstname.lastname@example.org
Toxic Tamiflu and Relenza injections were rejected by the AMA six years ago but variations are still in use.
( FluQuadri, Vaxigrip Tetra, Fluarix Tetra, Afluria Quad, Influvac Tetra)
by the ABC and staff writers
Amazon will store your phone data. Australian tech companies overlooked
Australians silly enough to load a tracing app on their phones could have their data accessed by United States law enforcement but not by Australian police.
The Federal Government has awarded a tender to Amazon Web Services to store data from the tracing app which is claimed to alert health authorities if you have been in close contact with a person carrying Coronavirus.
The app is designed to identify the movement of Australians who have tested positive to COVID-19.
There are so few people who tested positive to the virus if taken as a percentage of the population that the app would be insignificant in helping to stop the virus from spreading, particularly in areas where there is poor or no phone reception.
As of today there are 6667 confirmed cases of Coronavirus throughout the Australian population of 25,445,020. How is a phone app going to make any difference to further infections? There are better odds for winning the Lotto.
Relying on Bluetooth technology, the app will identify other phones using the app that have been within a 1.5 metre range for at least 15 minutes.
The app logs and encrypts that contact on the phone. Later, if a person using the app tests positive to COVID-19, they would be asked to download their encrypted contact log and send it to the Government, which will store it in the Amazon cloud.
State and territory health authorities will then be able to access the cloud, decrypt the data and contact those who were in close proximity to the COVID-positive person.
The Government has previously security vetted two giant US corporations to provide secure cloud storage — Microsoft and Amazon.
Since September 2013, the Commonwealth Government has published contracts with AWS worth more than $116 million.
The departments of health, defence and agriculture have all issued cloud storage contracts to AWS, as has the Australian Signals Directorate.
In June last year the Digital Transformation Agency published details of a $55 million contract with Amazon Web Services for a “whole of government agreement” which runs until April 2022.
Awarding the contract to Amazon may also mean the Australian data is obtainable by US law enforcement under a 2018 law that allows them to obtain information held by US-registered data companies no matter where in the world that information is held.
The real agenda here is to force the entire population into getting the app because a low uptake will make it ineffectual. When compulsory it will be tied to Bill Gates’ Covid 19 vaccination program combined with body interfaced digital currency. https://wp.me/p2dFb5-3Ek
PM Scott Morrison said on Sky News recently he had spoken to Bill Gates and asked how long before the vaccine is available.
In other words you will lose your place in society if you don’t comply with the compulsory vaccine developed by Gates which is laced with electronic receptors. Among a host of other restrictions, you will not be able to partake in any commerce, buy food at a supermarket, access any government services or money or send your kids to school.
Comment from a computer engineer:
As a computer engineer and scientist specialising in encryption I find this app a tool of government clandestine data harvesting being overseen by Bureaucrats in the Government Digital Transformation Agency who were key players in the Malcolm Turnbull Census fiasco computer collapse/unsecured data. The First recognition was computer illiterate politicians marketing the app as not intrusive, second was handing the app and control to Amazon cloud (AWS) whose existence is subject to a raft of US Government security agencies having unrestricted access plus Amazon has more leaks than a rusty water tank, third the arrogant dismissal of internationally acclaimed cyber security expert Michelle Price of AustCyber asks why not use an Australian company of which we have several. If you participate in this sham scam you deserve the consequences .. Wake up Australia you are listening to the public service ventriloquists controlling our parliament muppett show….
Federal Member for Kennedy
Will address the Press Gallery at the
Mural Hall, Parliament House
12 pm Today 05/03/20
The LNP/Labor duopoly strikes again-gone will be your savings under the Bail-in laws as soon as interest rates hit zero. The banks, thanks to new laws passed by the LNP before Christmas can take your savings from your bank accounts to prop up their viability in the upcoming depression enabled and orchestrated by the trojan horse Coronavirus pandemic. Remember the Greek banks stole the deposits of their customers three years ago.
Most intelligent Australians know this $10,000 cash ban has nothing to do with curbing drug dealers’ cash flow. It is all about control. Scomo has been compromised by Hillsong church activities and is simply doing the bidding of the City of London for the New World Order. – Editor
Mr Katter will purchase gold bullion with more than $10,000 cash ($40,000 of gold and cash will change hands); an act that will soon be illegal under proposed laws.
The implementation of the Restriction on Cash Bill, currently before the Senate, significantly abolishes our right to “Legal Tender” – a right enjoyed for a millennium. Property rights and privacy are undermined.
When facing uncertain economic times, as we are now with the Coronavirus, Australians will be restricted from withdrawing their life savings (When such savings are under real threat).
Today Cairnsnews has been viewed by readers in 51 countries. We are pleased to advise our readers that this news service is dedicated to restoring democracy to Australia and to break up the UN controlled political party duopoly and to get the country out of the UN’s clutches.
The electoral system and electoral rolls should be completely cleansed of up to half a million bogus entries which keeps the duopoly in power.
The Australian Electoral Commission was infiltrated in about 1985 by foreign agents which took control of the first RAMNS computerised roll systems while working for the AEC.
We have no doubt the Liberal Party this time around benefited from voting fraud sufficient to give the the party two seats needed to take power.
More often than not it is the ALP which benefits from voting fraud.
Cairnsnews is aware of a number of voters who wrote personal letters to PM Scott Morrison begging him to introduce voter ID as recommended by the Joint Standing Commission into Electoral Matters.
Morrison ignored the requests. And he narrowly won government in the much-touted unwinnable election.
Thank you readers for your continued support.
Letter to the Editor
The cauldron of discontent that is the climate change debate alternates between simmer and boil over, depending on what new ingredients are tossed in. The combination of drought, water shortages and bushfires all meant that the cauldron was boiling most of the time and the media was starting to run out of superlatives to describe the situation.
“Crisis” and “catastrophic” have been used to the point that they have almost become meaningless and occasionally apocalyptical.
“Outrage”has also become popular. How dare the Prime Minister allow this to happen?
Around the country groups are calling for “immediate” or “instant” action. Doing his bit to stir the pot is the smug figure of Opposition Leader Anthony Albanese.
So I think the time is right to introduce a new adjective, “hysteria”.
Greta Thumberg gave a master class in theatrically contrived hysteria at the UN.
Some of the people in the latest hysterical outburst are not in the mould of regular rent-a-crowd uni students. Among the Extinction Rebellion activists were middle aged and senior citizens.
As a senior citizen myself, I didn’t know whether to laugh or cry at their antics.
Hysteria means “emotional excess” or frenzy, irrationality, panic and loss of control, and that really concerns me.
Normally steady sane people are being swept along by the tide of professional activists whose only interest is destabilisation for their own aims under the smokescreen of climate change.
I think it’s time to sit down and take a “Bex”.
B Johnstone, Brisbane
Muslims, Pacific Islands and Indonesia gifted hundreds of millions from Liberals, but desperate farmers have to borrow to survive
Letter to the Editor
Dear Liberal Party friends
(1) sorry to say that this email below is worse than pathetic – – losing votes.
(2) Bridget Mackenzie, Agriculture Minister, on 2GB this morning was painfully inadequate to answering Alan Jones’s reasonable questions and facts.
Alan Jones (rightly in my view) demolished the stupidity of the proposed two-year interest-free loans to farmers that then roll over into loans at 3.1% after two years on money that the Govt can get from the Reserve Bank at 0.75%, thus making a profit from struggling farmers!
(3) LET ME SUM UP THIS ScoMo GOVT
- extra $1,000 million recently announced to the Clean Energy Finance Corporation – this is both unnecessary and crazy – the recent Aust Energy Market Operator report predicts blackouts for NSW and Victoria this summer – but there are NO PROPOSALS for reliable baseload nuclear or coal power stations!
- Our Foreign Affairs Minister gave $70million to Rohinga Moslems
- ScoMo promised $500 million to Pacific Islands to help them fight the mythical monster of climate change
- This federal Govt gives Islamic Indonesia $1million per day as a gift, of which how much ends up in Swiss Bank accounts of officials?!
- While it is a good thing to release some Murray-Darling Basin water to assist in growing fodder, may I point out that that will take TIME!
- BUT we don’t have time — it won’t help to stop Farmers’ cattle and sheep dying of starvation or being shot or sold tomorrow and next week.
- The claim of 21 water infrastructure projects is false and deceptive — no major dam has been built since 1983 – and NONE IS NOW BEING BUILT – of course there are various proposals and feasibility studies BUT NO ACTUAL DIGGING!! ZILCH. NIL ACTUAL CONSTRUCTION HAPPENING.
NSW water Minister Melinda Pavey recently admitted in a fit of frankness that the best we can hope for is to start digging in 3 years from now!
from Lex Stewart