Chapter 4.
It is certainly not the blindfolded people and is certainly
not government as the Federal Constitutional agreement requires.
Political babble about need to free ourselves from colonial
ties is just `hogwash', the only colonial ties we now retain are
those that protect our human freedoms.
Do we want to give our freedoms away?
The only people who want us to give our freedoms away are the
people who want us in colonial servitude to international
finance.
Although we call some of our banks Australian, the fact
remains that those banks stood over our Federal Government in the
1920s to establish their superiority in the `pecking order' of
power; Facts and Theories of Finance by Frank Anstey;
quote:
The war governments gave the Associated Banks the `Right
to Draw' Commonwealth notes without any gold payment or any
deposited security.
The mechanism of this scheme, and the way it operated,
were set forth in detail on June 13, 1924, by the then treasurer
Earle Page.
For all notes drawn under the scheme the banks had to pay
interest at rates varying between 3% and 4%. ...
For instance six millions of the War Gratuities had to be
paid in cash. The Government arranged with the banks to pay out
and charge to the Government on a 5«% loan basis. For this the
banks had `Right to Draw' Commonwealth notes to an account paid
to ex-soldiers. Thus the banks were out nothing and scooped the
difference between the 4% notes and the 5«% `loan'.
But the banks did not draw notes - they traded on their
`Right to Draw' as if the notes were actually in their own
vaults. Thereby they avoided interest payments to the Government,
but upon these `Rights' they issued credits and drew interest
from the Government and from the general public.
...
On June 23, 1923, these Rights to Draw totaled 8,000,000
pounds. The Board made a demand that the banks should exercise
their `Rights' - draw the notes, and pay interest thereon. The
Banks refused.
Early in 1924 the banks made a demand that these rights
should be extended by another 3,000,000 pounds. The Chairman of
the Board, Mr John Garvan, stated that these `Rights' were
equivalent to an issue of notes to the banks without interest. He
described the proposition as `madness'. The Treasurer upheld the
view but the banks' demand was conceded.
EQ. EA.
Anstey goes on to report that the banks subsequently demanded
and forced the issue of further "free" drawing rights
to a total of 31,000,000 pounds.
A similar showdown, perhaps an even more blatant blackmail,
had taken place in 1907 to force the US Government into
servitude.
Who really governs Australia? If the Commonwealth Bank had
been allowed to operate as intended, and as it did in its early
years, Australia need never have known any depression. The newly
formed Commonwealth Bank financed World War I and many other of
our economic needs without need of foreign debt and interest
robbery. The following quotes are from The Story of the
Commonwealth Bank by D J Amos, F.C.I.S. in which he provides
information on the early bank and events leading to its betrayal
by political parties. The parties, by their actions, proved that
they had already in their hearts betrayed, for their own comfort
and servitude to money, the people of Australia.
Amos shows that in 1912 we were a nation free from want and
debt; in 1921 Commonwealth Bank Governor, Sir Denison Miller, (as
reported in the press) said; p5-6, quote:
"The whole of the resources of Australia are at the
back of this bank ... whatever the Australian people can
intelligently conceive in their minds and loyally support, that
can be done." [As, for a time, it had been.]
...p11
By utilising Australian notes in this manner the
Commonwealth Government avoided debt, interest charges and
taxation ... it made enough money out of that account to pay the
greater portion of the construction cost of the East-West
Railway, the remainder coming out of revenue. (Hansard Vol. 129,
p. 1930). EQ.
1931 found Australia faced with a complete breakdown of her
monetary system and proposals by the Theodore-led government to
ease the financial situation were refused by the Bank; p34-5,
quote:
[The Commonwealth Bank] now proposed, without any
consultation or prior discussion, to cut off money supplies to
the government beyond a point that would be reached in a day or
two. That could only be regarded as an attempt on the part of the
bank to arrogate to itself a supremacy over the government in the
determination of the financial policy of the Commonwealth, a
supremacy which had never been contemplated by the framers of the
Australian Constitution, nor sanctioned by the Australian people.
In financial, as in all other matters of public policy, the
Government was responsible to the electorate, and not to the
banks, and it could not change this responsibility without
exposing to grave danger the democratic principles of the nation.
The Government would not be a party to any attempt of the Bank
Board, or any other authority, to take from the people's
representatives in parliament what had hitherto been regarded as
an essential prerogative of the people - the control of the
public purse. He [Theodore] went on to point out that
the present financial difficulties .. had been
largely caused by the action of the Commonwealth Bank and the
private banks themselves; for they had blindly
followed the overseas banks in pursuing a deflationary policy
which had forced down prices the world over, and brought in its
train a collapse of trade, loss of commercial profits, thousands
of business bankruptcies, and the creation of unemployment on a
scale wholly unprecedented in the history of the country. That it
was in the power of the banks to remedy this state of things
could not seriously be denied. EQ. EA.
Scullin's surrender to Sir Robert Gibson (bankers
representative) in the Senate settled the matter and the sell-out
of Australia to the international money-lenders was virtually
complete.
Speaking of the depression of the 1930s Amos assures us
that had our bank been allowed to function as intended; p9,
quote:
"Many prosperous business firms would have been saved
from ruin, and somewhere about one-third of our people would not
have had to eat the bitter bread of charity. Neither would the
people have had to submit to the ruinous debt and taxation
imposed upon them in the second war period (1939-1945). EQ.
The grip of the international bankers on Australia and other
nations was tightened further in 1944. p45, Quote:
On July 1st, 1944, delegates from 44 nations met at
Bretton Woods, in the USA. There they found an Agreement already
prepared for their signatures, and they were asked to sign upon
the dotted lines. It took three weeks to induce them to sign, but
eventually they all did so.
... p46
Australia was given until December 31st, 1946 to ratify
the agreement. Some cabinet ministers were in favour of doing so,
but many members of parliament and trade union executives saw
clearly that to do so was to prove false to their promise to
bring the Commonwealth Bank back to its original position of
financier for the people of Australia. EQ.
Australia signed in August 1947. We were the 45th victim of
this plunder to sign.
Economic and PR manipulations combine with a general ignorance
of the monetary system to bring pressure on public figures and on
governments to do as they are told by the international `mafia'
financiers.
This subservience is strongly supported by a propaganda to
seduce people to dreams of power; a megalomaniacal pride in
belief that they can achieve great things for their country, or
for humanity, without any real understanding of the physical or
human realities.
As Amos suggests certain carrots consistently dangled before
the donkey's nose are of great use in sending the donkey down the
road desired by international finance. He also sees that a great
deal more is now known about these forces and how they operate.
The problem is that this knowledge is not taken up by the people.
The reason knowledge is not taken up by the people is that it
is, by subtle deceit, kept from the people. If a government
wanting to fight the international money manipulators were to
take the public into its confidence it would surely get the
support needed. That they do not do so shows that they are not
fully sincere. Deceit is made easy by a managed party system;
p49, quote:
The right of the people of this Commonwealth to expand or
contract financial credit in accordance with their needs, by
means of the Commonwealth Bank, was something that the people of
Australia should have safeguarded with
the same jealousy as they safeguard their right to vote. They did
not do this, so when the artificial depression of the `thirties'
burst upon them, they were exposed without defence to the mercy
of domestic and foreign financiers who knew no mercy. ... they
are just as powerless to help themselves against future
depressions which those same financiers may be preparing for
them. EQ. EA.
Today the position of the internationals in Australia is
further strengthened by the introduction of foreign banks to
Australia. In 1992 Australia has entered into its second worst
depression, which could yet become even worse. Had our
Commonwealth Bank continued as originally planned, had our system
of government continued as originally planned, things would have
been very different as the following quote supports; Quote:
It [The Commonwealth Bank] saved the Australian
primary producer from stark ruin by financing with (and sometimes
without) the assistance of the private banks ...
Until 1924 when the Bank was effectively strangled, the
benefits conferred on the people of Australia by their Bank
flowed steadily on. It financed jam and fruit pools to the extent
of $3 million; it found $8 for Australian homes, and so on, until
the strangling of the bank when in June 1924 the Bruce Page Govt.
brought in a bill to amend the Commonwealth Bank Act ... EQ.
So the Commonwealth Bank became, in effect, a stooge of the
private banks and in line to become a stooge of international
banking. The story, as Amos tells it, of the sabotage of the
Commonwealth Bank and the depression of the thirties, is even
more true of our situation today. Amos came to the following
conclusions for the actions of the Chifley administration ...
Quote:
There is evidence of a desire to avoid a split in the
party. This is known as "Party Politics" and consists
in placing the interests of the party before the principles for
which the party stands. EQ.
Today, in party politics, principles no longer count. The
nearest thing to principles that any party stands for is called
"self interest". This has always applied but never as
blatantly as now. Quote:
International Finance can be trusted to see to it that the
banking system in Australia is used, not for the benefit of the
people of Australia, but in furtherance of its own policy,
whatever that policy may be. We will prosper or we will starve,
as that policy determines ... EQ
Until people are prepared to admit that they are slaves to
a system there is NOTHING that they can do that will free us of
this tyranny.
That system must be eliminated before we can make any headway
to social enterprise, prosperity, and social justice as a nation.
As Lord Rothschild is reported to have said all those years
ago: "Permit me to issue the money of a nation and I care
not who makes its laws".
As you might expect, he was devious. what he said was
technically correct but he gave it emphasis that would lead
people to believe he was above the law. To have been truly honest
he would have said, "So long as the law-makers ALLOW me to
issue the money I care not who makes the laws." This way of
expressing it would have given people to understand that they
could change everything by controlling the law-makers.
There is also another truth that we should remember, well
expressed by C H Douglas in, In Whose Service is Perfect
Freedom; quote:
It is not too much to say that an International
Organisation having almost unlimited control of money, and in
consequence, of the Press, can produce almost any
"trend" which may serve its purpose. What it cannot do,
however, is to avoid the natural consequences of the policies
which it pursues. EQ.
This mass contempt for human rights is world wide and imposed
in waves as of a rising tide of deprivation and enslavement. The
people work for years to build up assets and the political
parties, working as sheep dogs, round up the sheep and (by
economic blackmail) they are shorn.
After the 1990s depression people will be told that the
economic conditions are improving, people will work hard to pay
off their debts and establish new assets. Then, in a few years,
will be time for the next shearing.
How do they get away with such blatant financial atrocities?
No, it is not entirely a matter of a natural cringe and
servility to those with money and power. Cultural cowardice will
go a long way to explaining the political servitude but to
explain public indifference we have to look for clever
propaganda.
When a good man stands up in parliament and resists the
pressures of economic blackmail we might think that the people
would flock to support him. But when the people do not understand
the issues or what is at stake, then they look to media and to
`authorities' for leadership and that is where the PR experts do
their work. At best you will get a confusion of information, at
worst a one-sided misrepresentation of fact that will cause the
people to support their enemies.
At this stage you may feel that this is all too incredible, or
hopeless, but just think about what is at stake! By the end of
this book I think you will see that our position is only without
hope if we are without hope.
What the evidence and social situation is saying, is that
everything we have to live for is either being taken from us or
is under grave threat. What we have to decide is whether we want
the information that will allow us to be free or if we prefer to
allow our human potential to be drained away without our
understanding or rational protest.
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