SECULAR STAGNATION AND FINANCIAL BUBBLES by M. Oliver Heydorn

"In relation to the fundamental flaw with the financial system which has been carefully identified and addressed by Dr. Heydorn in this article, it is interesting to note that the Bank of International Settlements postulated two theories in its 2015-2016 annual report - secular stagnation and financial bubbles, as explanations for the current malaise.

I think we could argue that these two are actually interrelated: secular stagnation is inevitable since costs rise faster than incomes: financial bubbles are the result of attempting to overcome such stagnation with increased borrowing. In which case, by tackling the first, (through a National Dividend, perhaps along with a Just Price mechanism) we can prevent the second."

Oliver continues:
I also came across this article by Dr. John Hussman which presents his analysis of the causes of US economic stagnation:  https://www.hussmanfunds.com/wmc/wmc150330.htm

...
Continue reading

JOBS, DEBT AND 'PUMPING TUNES' HYPE by M. Oliver Heydorn

According to the campaign hype in West Australia, if elected Labor will create more jobs and if re-elected Liberals will sell off one of the State’s assets to help pay its financial debts.
The ABC News reports: WA election: Jobs, debt and pumping tunes at Liberals' and Labor's launch events
Ref:
http://www.abc.net.au/news/2017-02-19/liberal-and-labor-wa-launch-election-campaigns/8282956
Talk about political stooges for the Money Power!  Vote for either party and West Australians can expect more of the same – only worse than before as the situation deteriorates.

Oliver Heydorn sent us the following report which is worth reading and digesting.  It seems the real situation is finally sinking in. But first his article:
What's Wrong with the Financial System? A Social Credit Perspective
by M. Oliver Heydorn, February 13, 2017

...
Continue reading

WE WONDER WILL CORY BERNARDI TAKE NOTE? from Canadian Wallace Klinck


Thanks for this latest report, Cory.
Interesting to learn that you have terminated your past political allegiance and decided to pursue a new approach. 
You express concern about the accumulated financial debt burden bearing upon Australian society.  Precisely what do you suggest as a solution to this problem?  Under the existing financial system you will be entirely unable to improve this situation or even to halt the relentless growth of that debt. 

All nations operate essentially under the Keynesian system of debt finance.  This system generates financial costs at an ever greater rate than it distributes effective consumer income.  Under existing rules there is no alternative whatsoever but to incur more debt in a futile attempt to compensate for this growing shortage of effective income.  Because this deficiency increases as industry modernizes, and non-labour costs increase relative to labour costs, the financial problem intensifies with every increase in productive efficiency achieved through increasingly refined real capital enhanced by improving technology.

...
Continue reading

THE STORY OF THE AUSTRALIAN PEOPLE’S BANK

In October of year 2017, the centenary of the completion of this wide brown land’s East-West railway will be celebrated.  There is quite a story to be told in relation to the East-West railway - stretching from the east coast to the west coast of Australia – and how it was built without debt to the people.
In the Preface to the ninth edition of “The Story of the Commonwealth Bank” July 1940 D. J. Amos, F.A.I.S. took us back into the historical background all Australians need to know.
 
Preface to the Ninth Edition
"The Story of the Commonwealth Bank" was originally delivered as a lecture before the Sturt Electoral Committee, Adelaide, and was first printed in pamphlet form in 1931. It exhibited the usual defect of all lectures, namely, condensation of the subject matter to an extreme degree.
The great and unexpected demand which arose for the pamphlet found me so closely occupied in other work that the second and third editions had to be printed practically unaltered, and I began to be more and more sensible of the need for amplifications and additions. These were accordingly made in the fourth (revised) edition, after which only minor additions, for the sake of clearness, were inserted in subsequent editions until the eighth was called for. It was then found necessary to continue the story up to Australia's entry into the second world war (1939), and also to include in it a short account of the note issue.  In the present (ninth) edition it has been deemed advisable to mention very briefly some important paragraphs in the Report of the Royal Commission on the Australian Monetary and Banking System (appointed in 1935), as this most important report is now either out of print or has been withdrawn from circulation.
It only remains for me to thank the general public for the cordial reception they gave to all "The Commonwealth Stories," and which encouraged me to persevere and complete the series.
ADELAIDE, July, 1940.
D. J. AMOS, F.A.I.S.

More on this matter will be brought to the light as we approach the centenary in October.
 
Read D.J. Amos’ work here….
[PDF]The Story of the Commonwealth Bank - Australian League of Rights Library
PREFACE TO THE NINTH EDITION
"The Story of the Commonwealth Bank" was originally delivered as a lecture before the Sturt Electoral Committee, Adelaide.

TRADE WARS LEAD TO MILITARY WARS by Betty Luks

“If trade stops, war starts"says Jack Ma, Alibba’s CEO.
Is this a threat, a warning or a realistic assessment of the situation?
 
According to The Independent Online, 6 February, 2017, Mr. Jack Ma, the CEO of China’s biggest online retailer warned: "Everybody is concerned about trade wars. If trade stops, war starts."  Mr. Ma visited President Donald Trump last month and announced his company would help create one million jobs in America – and added, "The world needs globalisation, it needs trade".  Now, why is that so?  Surely America can ‘create’ its own jobs without the help of this Chinese man?   
 
During WWII Ezra Pound, then living in Italy, wrote:

“If you live on cliches and lose your respect for words, you will lose your ‘ben dell intelletto’. (Dante Inferno’ 111, 18.
‘Homely English wording gets that down to ‘USE OF YOUR WITS’, but I reckon Dante meant something nearer to Mencius meaning sense of ‘EQUlTY’).

...
Continue reading