Money

 

Home

CONSPIRACY  
www.conspiracee.com 

Health v medicine  
www.cellsalts.net
  
www.soiltheory.com

Money  

How to collapse an economy 

IMF 

Fed-up with the Fed 

Beast from Jeckyll Island 

The Bankers Manifesto of 1892 

Inflation 

Fractional reserve banking 

Fiat money 

16th amendment not ratified - income tax illegal  

Money myth   

Gold Standard 

Usury / interest 

Fall of civilisations    

Hidden taxation  

Social credit 

 

 

 

 

 

 

 

GW / Climate change hoax ] Propaganda ] Fake terror ] Covert operations ] Corporations ] Sandy Hook massacre & gunlaws ] NESARA ] new world order ] Science ] [ Money ] Hidden technology ] Illuminati ] Feminism ] Fake mental health ] Scientology ] Sovereignty ] Religion ] Zionism ] The Galactic Federation ] A new paradigm ] Quotes ] Reading ] Links ]

Economic collapse ] Money myth ] The Fed ] Jekyll ] Gold standard ]

 

 

The Secret History of America: The Greatest Conspiracy On Earth
http://www.freedomdomain.com/Catalog/catalog.htm 

This May Be The Most Important Document You Ever Read In Your Life!      

This brings us to the World Bank, the IMF (International Monetary Fund), both creations of the U.N., and banking in general.  

In Switzerland there is a big building that is divided into 3 parts.  If you look at it from above it looks like a peace symbol or Rune.  This is the headquarters of the United Nations and the World Bank, the 3rd part is the World headquarters of Freemasonry.  It's so convenient they can go back and forth between coffee breaks.  

In Brussels, there is a computer called "The Beast" which stores the names and information of every person in the world and that was created years ago.  By now, it probably orbits the planet.  THE U.S. IS A CORPORATION located in the DISTRICT OF COLUMBIA and each CITIZEN IS A FRANCHISE OF THE U.S.  IDENTIFIED BY A SOCIAL SECURITY #.

One of the main influences of British Masonry comes to America in the area of Banking. Cecil Rhodes made his fortune from diamond mines in South Africa. Millions and millions of dollars were secured and put into a trust in his will to be used to finance the creation of secret societies for the furtherance of Anglo-Saxon rulership in the New World Order and the eventual recapture of the U.S. for England through the creation of a central bank in America. Cecil Rhodes formed what is called the "Rhodes Scholarship" at Oxford. 

There is also the Round Table in England put together by Alfred Milner. Bill Clinton is a Rhodes Scholar as well as other things. In Europe, at least at the time, the Rothschilds were the leading banking clan. Paul Warburg, an agent for the Rothschilds as well as several members of Skull & Bones were instrumental in setting up the Federal Reserve Central Banking system in America in 1913. 

President Andrew Jackson had stated that the central bankers were a den of vipers and thieves and he intended to drive them out of America in earlier times. He also stated that if the American people understood the rank injustice of our banking system, there would be a revolution by morning. President Thomas Jefferson stated "If the American people ever allow the private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations that grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered". Abraham Lincoln took action against the central bank in his time and he was killed for it.

President Garfield was shot and killed shortly after declaring that whoever controls the supply of currency would control the business and activities of all people. Baron Nathan Mayer de Rothschild
once said, "Let me issue and control a nations money and I care not who writes the laws".

The measure of a nation's wealth is the sum total of it's goods, services, natural resources and private wealth. In early America, private wealth consisted mostly of gold or silver. This is a great monetary standard because it has inherent value. For a long time, gold was worth $20.00 an ounce.
A One-Ounce gold coin was a $20 piece. Our grandfathers and great grandfathers found it a hassle to carry these around during large transactions due to heavy weight and frequent robbery, so out of the kindness of their hearts, the bankers would allow people to leave their gold and silver on deposit, while the bank would issue a gold or silver certificate, a piece of paper that was as good as gold. It said on the bill, "Pay to bearer upon demand in gold or silver. 

So after the bankers started to issue these notes they saw after a while that the people were not using the gold as much and coming back to withdraw it and that they could issue and loan more notes than they had gold to back it up. This is the true source of inflation.  A short time later they replaced the gold and silver certificates with Federal reserve notes which are worthless.  Without the gold and silver, the real valuables, America was essentially bankrupt.  

The Federal Reserve is a private corporation. When Federal Reserve notes are printed they are loaned to the U.S. Treasury or the people.  Notes that cost 2 cents each are printed by the Fed and loaned to the U.S. government at face value plus 8 1/2% interest compounded.  The interest is collected each year by the IRS (Repo Man), also a private corporation controlled by the Federal Reserve.  With a federal deficit of 4 trillion 8 hundred billion dollars so far, the interest is in the neighborhood of $200 Billion dollars, which is drained from the economy each year in the form of income taxes.  The words "Federal Reserve Note" first appeared on our paper currency in 1933.

It is common sense that if you are borrowing money from someone and you have to pay interest then where will the money come from to pay the interest ? If you have to borrow it then that creates more interest.  Obviously, in this situation, there is no way out.  However, coins are minted by the U.S. treasury and they are worth their face value as currency.  There is a clause written into the agreement that provides us with the option to buy back the right to issue our own currency.  The solution to the problem of the National Debt is to coin a 4 trillion dollar coin and use it to pay off the Federal Reserve.  It would have to be accepted and it could even be made out of copper nickel clad.  

In 1963, President Kennedy passed an Executive Order calling for the printing of $450 Billion dollars in U.S. backed Debt-Free currency.  Shortly after, he was killed and as soon as his successor, Lyndon Johnson took office, the first thing he did was suspend the executive order and the printing of the currency.  If you look hard enough, you can find $2 bills from 1963 that say "U.S. Treasury" at the top instead of "Federal Reserve note". 1964 was the last year silver was used as the standard coin metal and coincidentally Kennedy's face first appeared on the half-dollar.  Now, 23 years later, silver is $5 per ounce instead of $1.  

If you still don't see how this works, just realize that 23 years later, you now need 5 times as much money (work) to buy the same ounce of silver and 60 years later, after they removed the gold, we have to pay 20 times as much money for the same ounce of gold. ($400 / ounce).  The moral of this little story is that we are being ripped off by the biggest "Sleight of Hand" money scam ever devised.  There is a Masonic term for this kind of deception, they call it "Hoodwinked".  We are the sheep and we have had the wool pulled over our eyes.

Banking Cartel is the Cause of Humanity's Woes
By Henry Makow Ph.D.
June 26, 2002
http://www.savethemales.ca/260602.html 

"The Secrets of the Federal Reserve" by Eustace Mullins

"I believe that banking institutions are more dangerous to our liberties than standing armies." ---Thomas Jefferson

In November 1949, Eustace Mullins, 25, was a researcher in Washington DC when friends invited him to visit the famous American poet Ezra Pound, who was confined at St. Elizabeth's Mental Hospital and listed as a "political prisoner."

A leading figure in Modern English literature, Pound was the editor and critic who introduced the world to James Joyce, W.B. Yeats and T.S. Eliot. During the Second World War, he was charged with treason for broadcasts on Rome Radio that questioned the motives behind America's involvement.

Pound commissioned Mullins to examine the influence of the banking establishment on U.S. policy. Mullins spent every morning for two years in the Library of Congress and met with Pound every afternoon. The resulting manuscript, "The Secrets of the Federal Reserve" proved too hot for any American publisher to handle. Nineteen rejected it. One said, "you'll never get this published in New York." When it finally appeared in Germany in 1955, the U.S. Military Government confiscated all 10,000 copies and burned them.

Thanks to the American Patriot Friends Network, this book is freely available on line. (I recommend you save it on your desktop, as I did.) Why is it so (excuse the pun) inflammatory?

Essentially it paints a picture of the world, and the role of the United States, which is radically different from the one we are given in school or in the media.

"Notwithstanding the war of independence against England," writes Mullins, "we remained an economic and financial colony of Great Britain." Between 1865 and 1913, he says London bankers led by the Rothschilds used agents such as J.P. Morgan and J.D. Rockefeller to gain control of American industry and organize it into cartels.

Where did these bankers get the money? For over 200 years, European bankers have been able to draw on the credit of their host countries to print it!

In the Seventeenth Century, the moneylenders and the aristocracy made a pact. If the king would make paper currency a liability of the state, the moneylenders would print as much as he liked! Thus the Banks of England, France and the Reichsbank came into being but they were all private corporations and remain so today.

According to this nefarious pact, the moneylenders got to charge interest on assets they created out of thin air. The aristocracy all took shares in the central banks plus they got to finance a burgeoning government and to wage costly wars.

This piece of chicanery is at the heart what plagues humanity.

The bankers have a vested interest in the state (i.e. the people) incurring as much debt as possible. They are behind the Marxist, socialist and liberal movements which call for big government and social spending. They are behind the catastrophic wars of the last century. The Warburgs financed the Bolshevik Revolution. The Bank of England financed the rise of Hitler. Prescott Bush (W's grandfather) was head of Brown Brothers Harriman, which financed the construction of the Nazi war machine.

Naturally if you can create money out of thin air, your first instinct is to buy tangible assets with it. There is a powerful impulse to use debt to control nations and take over their real assets. This is the essence of the so-called Third World Debt crisis. Dedicated to owning all wealth and enslaving humanity, an irresistible vampire has been unleashed upon the world

Much of Mullins book is devoted to the subterfuge by which the United States was drawn into its lethal embrace. In 1913, the Owen-Glass Bill gave mostly foreign-controlled banks (posing as "the Federal Reserve") the right to create currency based on the credit of the United States government and to charge it interest for doing it!

To accomplish this, the bankers had to rig the election of 1913 in order to get Woodrow Wilson elected. Then their stooges in Congress passed the legislation on December 22 after their opponents had gone home for Christmas.

"This act establishes the most gigantic trust [cartel] on earth," Congressman Charles Lindbergh said at the time. "When the President signs this bill; the invisible government by the Monetary Power will be legalized. The people may not know it immediately but the day of reckoning is only a few years removed."

Mullins explains that the legislation passed just in time for the American people to finance World War One. After maintaining standing armies for 50 years, European powers no longer could afford the luxury of another war. But the U.S. was relatively debt free and made the whole thing possible.

What would WWI have been without Germany? Apparently Germany was not self-sufficient in food and would have had to sit out this war. In the nick of time, the bankers organized something called "The Belgium Relief Committee" which channeled billions of dollars worth of U.S. meat and potatoes not to Belgium but to Germany. When Edith Cavell, an American working in a Belgium hospital pointed this out, British intelligence had the Germans arrest and execute her.

Mullins makes a convincing case that every U.S. President since Wilson has been a lackey of the bankers. J.F. Kennedy was assassinated because he started to print his own U.S. government-backed currency. This is also the transgression that led to the murders of Presidents Abraham Lincoln and James Garfield.

Last year alone, the American people paid $360 billion in interest to the bankers. To maintain this massive fraud, the bankers enforce an iron grip on the political and cultural organs of the nation. According to Mullins, "The New York Times" is owned by the Kuhn Loeb while "The Washington Post" is owned by Lazard Freres. In Europe the Rothschilds own Reuters as well as the French and German news services.

I presume US publishers, TV networks and movie producers are similarly beholden. Rockefellers, Carnegies and the Fords endow the nations' libraries and universities. Journalists and professors dutifully parrot fantasies about democracy and freedom. Mind control laboratories run by the CIA and the British army (TheTavistock Institute) dream up ways to manipulate and undermine the population. The psychological sterilization of the human female ("feminism") is an example.

The "War on Terror" is part of the banking cabal's plan to consolidate its grip on humanity in a friendly (or not so friendly) fascist "New World Order." They want to secure their political, economic and social grip on the obstreperous Muslim world, as well as build up a security apparatus in case the docile populations of the West become restive.

Well, at least the cosmic battle between Good and Evil is out in the open at last!

 

Usury (Interest)

Phoenix Journal 22, www.fourwinds10.com

In the beginning, there was no money and there was no civilisation. Every man obtained his own necessities of life--food, shelter and clothing, through his own efforts in some manner or another. Eventually, there developed a system of exchange of goods and services which we can call barter. In that economic system every man benefited because he would only trade something he had for something that was of greater value in some manner to himself.

It was soon realized that, by specializing, a man could produce a given commodity much more efficiently and trade his surplus with other specialists to obtain all of his needs.

BIRTH OF BANKING INDUSTRY

As wealth increased, one of the trades that developed was that of making gold jewellery, or goldsmithing. Because goldsmiths dealt in large quantities of gold, it was necessary for them to have secure vaults, or safes, in which to store their valuable commodity for protection from theft.

Other people who acquired significant amounts of metallic money, especially merchants and craftsmen, also required security for their money. It soon became common practice for them to "deposit" their money with the goldsmiths for a small fee. In return, the goldsmith would give the depositor a receipt for the amount of the deposit. A depositor could then give his warehouse receipt to a supplier in payment for goods, rather transferring the metal itself. This method of payment was so convenient and simple that it soon became common practice. On paper an amount was simply transferred onto the books of another. Thus was born the business of banking.

ORIGIN OF USURY (INTEREST)

The shrewd Babylonian Elite goldsmiths soon realized that, of all the gold deposited with them, only a small percentage was reclaimed each month with the warehouse receipts they had issued. As wealthy men, they were often asked for loans. As shrewd men, they were soon lending out as much as 90% of the gold placed on deposit with them, typically requiring that four talents of gold be returned to them in one year for every three they loaned, an interest rate of 33-1/3%!

Since there was a limited amount of gold in circulation, they soon "cornered" the market on gold and became the richest men in Babylon. Their descendants still are and are referred to in Revelation 18:23: "For they merchants were the great men of the earth; for by they sorceries (pharmicia = drugs) were all nations deceived". People who are drugged (poisoned) with alcohol, nicotine, caffeine, medicine, sugar, chlorine, fluoride, TV, government, "education", and "religion", have short-circuited brains and simply cannot think logically. If you are having difficulty understanding this, hopefully you now understand WHY! I am sure we left out a thing or two which has poisoned you as a society.

FRACTIONAL RESERVE BANKING

Ah, rears the head of the deadly poison serpent. With virtually all of the gold in their possession, the goldsmiths could loan out their "warehouse receipts" for amounts totalling more than 10 times the amount of gold actually in their vaults and charge interest (usury) on something which had cost them virtually nothing (clay tablets were very cheap at the time for labor was so thrifty).

When this debt money was created and circulated in the society, it caused a temporary increase in trade and the production of real wealth until the loan was repaid. However, when the money was created, the amount of the interest was NOT CREATED and the ultimate result was a net reduction of money in circulation causing depression and foreclosure, unless, of course, more money was loaned into circulation.

Thus was born "fractional reserve banking" and the system of usury which today rules the world.

THE BAAL PRIESTS

Occasionally, the people holding these "gold certificates" would get wise to the fact that the goldsmith did not actually have enough gold on deposit with which to redeem his certificates. This would result in a "run on the bank" and his sudden demise, unless he had previously escaped with his hoard of gold.

Being shrewd, the goldsmiths recognized this as an unhealthy situation. Therefore, after very little thought, they decided to bring the king in as a "partner". Thus the king was only too happy to provide government sanction and protection for this racket in exchange for greatly discounted interest rates, even lower than the prime rate. But the shrewd goldsmiths thought that government protection might not be sufficient. After all, the police couldn’t protect them 24 hours a day.

Since the king was also god in the combined state religion of Baalism, the AB's [bankers] decided that it would be safest for them to practice their black art under cover of religion. Thus was joined the unholy Babylonian trinity of: Government, Religion and Banking which rules your world this day.

Archeological searches have uncovered much evidence of Babylon’s social and economic systems there in Iraq near Baghdad, which were very similar to yours today. For instance, the Igibi Bank was found with thousands of clay tablet "notes" and "interest" (usury) bearing contracts, which served as their money.

Babylon loaned much money at interest (usury) to Persia (Iran) which, of course, Persia could not repay. Therefore, Persia conquered Babylon to eliminate its debt AND ACQUIRE BABYLON’S GOLD. (Is this beginning to make you nervous?)

Persia adopted the Babylonian usury system and loaned Greece much money at interest (usury). Greece, of course could not repay the debt and conquered Persia to eliminate its debt AND ACQUIRE THE GOLD IN PERSIA.

Greece adopted the Babylonian usury system and loaned Rome much money at interest (usury). Rome of course could not repay the debt and conquered Greece to eliminate its debt AND ACQUIRE THE GOLD IN GREECE.

After the fall of Imperial Rome, the various nations of Europe were kept in bondage and poverty by  AB's for many centuries, known as the "Dark Ages"! Where do you think you might be headed, world?

COLLAPSE OF CIVILISATIONS

When the Babylonian civilisation collapsed, 3% of the people owned all the wealth. 
When old Persia went down to destruction, 2% of the people owned all the wealth. 
When ancient Greece went down to ruin 0.5% of the people owned all the wealth. 
When the Roman Empire fell by the wayside, 2,000 people owned the wealth of the civilised world ... 
It is said  that at this time less than 2% of the people control 90% of the wealth of America.

Usury (interest), being strictly prohibited by Scripture, was also prohibited by both the Christian church and government. However, there were those who continued the practice until they were banished from England in 1290 A.D.--and would you care to guess where they went? That’s right! With an honest and convenient money system, an English working man could supply his family’s needs for a year by working only 14 weeks! This left a great deal of leisure time available for intellectual, religious and charitable pursuits. This is the reason that the incredible cathedrals of England and Europe were built completely with volunteer labor. Do you think that is amazing?

This tally money system continued to operate in England until 1783, when it was abolished by statute. Nevertheless, tallies continued to be used in rural areas until 1826.

The death knell of the tally system was sounded in 1694, when the King, William of Orange, granted a charter to William Paterson and his banker associates to establish the Bank of England as a fractional reserve central bank with monopoly power to issue bank notes at interest (usury). This date, 1694, is the most important date in American history, for the Bank of England has had a direct bearing on every major event in America since before your War of Independence.

AMERICAN FREEDOM

When the Pilgrims came to America, they did so with an abundance of faith and determination, but a dearth of knowledge concerning economics and human nature. They initially instituted a system of common ownership of "communism". As a result, over half of them died of starvation and disease. Quickly learning their lesson, every man was allotted his own parcel of land on which to grow his own food and build his own home.

With little money available, the primary means of exchange was barter. Gradually, some foreign coinage came into the colony and facilitated trade. However, as the economy of Massachusetts quickly grew, due to its hardworking people, natural resources and free enterprise, the need for a medium of exchange became acute.

Knowing about England’s tally system, Massachusetts issued debt-free paper scrip into circulation in 1690. Despite problems that developed with this invention, due to there being no standard of value, the economy flourished with full employment. Other colonies adopted this system in varying degree and prospered also.

During this period there was no official banking system. A few "Loaning Offices" were maintained by the Colonies, but less than thirty private lending institutions existed in all 13 colonies! Today, they are more numerous than churches, by far.

REAL REASON FOR REVOLUTION

There have been many reasons put forth for the American colonies separating from England, their mother country, and the most powerful nation on Earth. Most of these were listed, in generalities, by Thomas Jefferson in the Declaration of Independence. The first two of these read as follows:

He has refused his Assent to Laws, the most wholesome and necessary for the public good.

he has forbidden his Governors to pass Laws of Immediate and pressing importance, unless suspended in their operation till his Assent should be obtained; and when so suspended, he has utterly neglected to attend them.

What were these "most wholesome and necessary" laws that were of "immediate and pressing importance"? Again, a knowledge of TRUE history is necessary to understanding. If you’ve guessed by now that the AB's were involved, you are absolutely correct. The root of your War of Independence was the issuance of their own paper money by the colonies, beginning with 7000 pounds issued by Massachusetts in 1690 and culminating with the issue of "Colonials" by the Continental Congress.

In 1763, a century after The Bank of England was established, Benjamin Franklin was in England. He was asked to explain why the colonies were so prosperous while England was suffering. He replied:

That is simple. It is only because in the Colonies we issue our own money. It is called "Colonial Scrip"--and we issue it in the proper proportion to the demands of trade and industry.

The Bank of England soon learned of this situation and forced Parliament to pass a Bill prohibiting the Colonies from issuing their own money. Franklin said, "Within one year form that date the streets of the Colonies were filled with the unemployed."

Later, Franklin said that this was the original cause of the War of Independence. In his own words:

The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the Colonies their money, with created unemployment and dissatisfaction.

Yes, the laws referred to by Jefferson were primarily ones to provide for relief of the economic chaos then existing because of The Bank of England’s usury money system that had been imposed on the Colonies.

Rothschild supplied some of the financing for the War through his agent Haym Solomon who operated through Robert Morris. This may seem contradictory to the uninformed, but it is a basic strategy for the AB’s to instigate war and finance both sides.

All of the loans that the Continental Congress obtained were insufficient to totally finance the war. Furthermore, under the Articles of Confederation, Congress had no authority to impose taxes or issue money. Nevertheless, since desperate situations require desperate measures to correct, Congress began to issue the debt-free money known as "Continentals".

Knowing, long before Lenin expressed it that, "The surest way to destroy a nation is to debauch its currency," the English proceeded to bring in shiploads of counterfeit Continentals which, combined with Congress’ inability to tax them out of circulation caused them to depreciate to practically nothing by the end of the war. But they had served their purpose and were the means by which you were able to obtain your liberty. Rather than being denigrated, they should be revered as much as your Declaration of Independence.

 


The Bankers Manifesto of 1892
http://www.dlkconsultants.org/manifesto.htm

Revealed by US Congressman Charles A. Lindbergh, Sr. from Minnesota before the US Congress sometime during his term of office between the years of 1907 and 1917 to warn the citizens.

"We (the bankers) must proceed with caution and guard every move made, for the lower order of people are already showing signs of restless commotion. Prudence will therefore show a policy of apparently yielding to the popular will until our plans are so far consummated that we can declare our designs without fear of any organized resistance. The Farmers Alliance and Knights of Labor organizations in the United States should be carefully watched by our trusted men, and we must take immediate steps to control these organizations in our interest or disrupt them.

At the coming Omaha Convention to be held July 4th (1892), our men must attend and direct its movement, or else there will be set on foot such antagonism to our designs as may require force to overcome. This at the present time would be premature. We are not yet ready for such a crisis.
Capital must protect itself in every possible manner through combination (conspiracy) and legislation.

The courts must be called to our aid, debts must be collected, bonds and mortgages foreclosed as rapidly as possible.

When through the process of the law, the common people have lost their homes, they will be more tractable and easily governed through the influence of the strong arm of the government applied to a central power of imperial wealth under the control of the leading financiers. People without homes will not quarrel with their leaders.

History repeats itself in regular cycles. This truth is well known among our principal men who are engaged in forming an imperialism of the world. While they are doing this, the people must be kept in a state of political antagonism.

The question of tariff reform must be urged through the organization known as the Democratic Party, and the question of protection with the reciprocity must be forced to view through the Republican Party.

By thus dividing voters, we can get them to expand their energies in fighting over questions of no importance to us, except as teachers to the common herd. Thus, by discrete action, we can secure all that has been so generously planned and successfully accomplished."

 

THE DEBIT TAX CONCEPT
http://www.nutech2000.com/webtext/upaussie/dtaxconcept.html

What is the Debit Tax?
How the Debit Tax works.
Advantages of using the Debit Tax
The Debit Tax Table.
Current Indirect Taxation Rates.
What is The Debit Tax Council?

The Debit Tax Formula

The Debit Tax Formula is simply an added percentage, one third of one percent (0.33%) is suggested, to the amount withdrawn from all accounts by Banking and Financial institutions.
This tax, when cleared, is instantly deposited through the Electronic Funds Transfer (EFT) system into the National Treasury.

How The Debit Tax Works

Every hour of the day money is withdrawn from savings accounts, cheque accounts, insurance companies, business and investment organisations, and financial institutions of all kinds. Indeed, ALL monetary transactions are withdrawn from some type of bank or financial institution that holds money in trust.

The Australian Payments System Council Report 1991 - 1992, issued by the Reserve Bank of Australia, states that $120 BILLION is withdrawn from banks EVERY WORKING DAY in ordinary business and trading.

Just one simple and moderate Debit Tax of ONE THIRD OF ONE PERCENT (0.33%) added on all monies withdrawn provides the National Treasury with an annual revenue of $99 BILLION (See Debit Tax Table)

A Debit Tax of ONLY 0.33% on DAILY withdrawals of $120 BILLION

EQUALS
$396 MILLION IN FEDERAL REVENUE DAILY
EQUALS
$99 BILLION IN FEDERAL REVENUE YEARLY


These figures are based on the 1991 - 1992 Reserve Bank Report of NON CASH withdrawals.
The amount of CASH withdrawals made from ATM's and EFTPOS, and withdrawals made on week-ends and public holidays are NOT taken into account here. It is estimated that a more realistic figure for 1995 is around $200 BILLION IN WITHDRAWALS PER WORKING DAY.

A Debit Tax of ONLY 0.33% on DAILY WITHDRAWALS of $200 BILLION

EQUALS

$660 MILLION IN FEDERAL REVENUE DAILY

EQUALS

$165 BILLION IN FEDERAL REVENUE YEARLY


  

The Government requires $96 Billion in revenue per year.
The Debit Tax System provides the Government with an ANNUAL SURPLUS OF $69 BILLION

Advantages of using The Debit Tax

These are just some of the advantages of using just one Debit Tax of only 0.33%:
1.   Income Tax and all other Federal Taxes become invalid.

2.   No tax on profits, savings, investments,assets or pay cheques.

3.   No taxes on income, payroll, provisional,property, inheritance, or goods and services.

4.   No income tax means an instant tangible wage rise for everyone.

5.   Goods and services will be cheaper without sales tax and import tax.

6.   No sales or hidden taxes means more in the pocket for those in the Welfare System.

7.   The method of collecting revenue will be effected by Electronic Transfer Systems (EFT) - the ultimate in efficiency.

8.   No more time, money and paper wasted on daunting tax laws and complex tax returns.

9.   Tax collectors will be appointed to more productive and useful positions.

10. Accountants employed by businesses, large and small, would be able use their training and experience in the manner in which it was meant to be used, ie. making business more productive and cost efficient.

11. Small businesses will not be hindered by our present time consuming system, and will consequently be encouraged to grow and employ more people.

12. Big Multi-National Companies will be required to pay their fair share.

13. No tax cheating or tax avoidance necessary or possible.

14. It would create a real user pays system.

15. Continuous flow of revenue to the National Treasury.

16. Our large and expanding national debt will be settled very quickly.

17. Australia will become the TAX HAVEN OF THE WORLD

18. Australia will indeed be the "Lucky Country".

19. It would allow people to save money for retirement, with no penalties.

20. Our National Fund Reserves would be rebuilt by the increase in savings deposits, deposits encouraged by the Debit Tax System . At present our reserves are at their lowest since the Great Depression.

Disadvantages of our present system

Our current outmoded Tax System has proven to be complicated and impracticable to businesses and individuals. It has many disadvantages:
  1. It pushes production out of Australia, creating an imbalance in trade and our increasing overseas debt.
  2. It is inequitable and unjust.
  3. It is costly in time and money.
  4. It is complicated.
  5. It destroys incentive.
  6. It penalises individuals who wish to succeed.
  7. It is taxing on small business.
  8. It creates tax avoidance and cheating.

The Debit Tax Table

Dollars $ Debit Tax Deductions
One Hundred 100 0.33
Five Hundred 500 1.65
One Thousand 1 000 3.30
Ten Thousand 10 000 33.00
One Hundred Thousand 100 000 330.00
Two Hundred Thousand 200 000 660.00
Four Hundred Thousand 400 000 1 320.00
Eight Hundred Thousand 800 000 2 640.00
One Million 1 000 000 3 300.00
Ten Million 10 000 000 33 000.00
One Hundred Million 100 000 000 330 000.00
One Billion 1 000 000 000 3 300 000.00
Ten Billion 10 000 000 000 33 000 000.00
Twenty Billion 20 000 000 000 66 000 000.00
One Hundred Billion 100 000 000 000 330 000 000.00
 

Current Indirect Tax Rates

Items Taxed At 32%
Radios & Television Receivers, Video Recorders & Players, Tape Recorders, Record Players, Photographic Equipment, Watches/Clocks, Jewellry, Goods made principally from precious metals, Cameras, poker Machines, Other Amusement machines.

Items Taxed At 22%
Toothpaste, Tooth powders, Recycled Paper Products, Soft Drinks, Stationary, Pens, Pencils, Bookmarks, Paperweights, Toilet paper, Toys, Games, Amusement Equipment, Umbrellas, Sporting Equipment, Firearms, Ammunition, Musical Instruments, Commercial Motor Vehicles, Photographic Negatives, Transparencies, Filmstrips, Motorbikes, Bicycles, Caravans, Trailers, Motor Vehicle Parts & Accessories, Oils & Lubricants, Computers, Non-Luxury Motor Vehicles, Sunscreens less than 4SPF, Equipment not exempted as aids to manufacture, Business Equipment, Industrial & Business Machinery, Commercial Laundering & Dry Cleaning Equipment, Radio & Television Transmission Equipment, Vending Machines, Commercial Air-Conditioning Equipment, Chemicals, Detergents, Soaps, Sopa Powders, Polishes, Glues, Starches, Disinfectants, Advertising Matter, Lawnmowers, Garden Sprinkler/Hoses, Travelware, Handbags, Baskets, Swimming Pools & Spas, Household Insecticides, Saddlery, Harnesses, Horse Rugs, Ropes, Tents, Tarpaulins, Car Covers, Pet Food for Domestic Pets, Dog Soap etc. for Domestic Pets, Water Treatment Appliances for Swimming Pools, Cigar/Cigarette Cases, Cigarette Lighters, Ornaments, Artificial Flowers/Fruit/Plants, Safety Razors/Blades, Electric Shavers, Shaving Preparations, Shaving Brushes, Toilet/Dressing Cases, Hair Brushes & Combs, Musical Boxes, Records or Audio Discs, Recordable Video Tapes for Home Use.

Items Taxed At 12%
Flavoured Milk Drinks, Australian Fruit & Vegetable Juices, Matches, Biscuits & Snack Foods, Ice Cream, Confectionary, Furniture, Crockery, Baths, Shower Screens, Vases, Maps, Street Directories, Atlases (other than school), Cutlery, Refrigerators, Washing machines, Domestic Spce heaters, Domestic Cooking Facilities, Candles & Tapers, Toasters, Mixing machines, Immersion Heaters, bathroom Fittings, Glassware, Electric Fans, Air-Conditioners, Kitchen utensils, Sewing/Knitting machines, Spinning Wheels & Weaving Looms, Lighting Appliances, Drapery & Soft Furnishings, Water Heating & Hot Water Storage Equipment, Hot Water Jugs & Kettles, Percolators, Toilet Pans & Seats, Septic Tanks & Filter Tanks, Chemical Sanitary Units/Tanks.

 

What is The Debit Tax Council?

The Debit Tax Council Australia is a non-profit, non-political organisation, operating under the guidelines of Leonard C. Crisp, the innovator of this revolutionary tax system. The Council's objective is to bring about a radical and innovative taxation reform that will generate wealth, encourage business growth, erase unemployment, eliminate our overseas debt. This tax system is non-discriminatory and will benefit all Australians.

Secretary 
Debit Tax Association 
P.O. Box 61 
Mt Crosby News 
Mt Crosby Qld 4306

If you have questions to ask or comments to make, please write to the above address, or send an email to Michael Gray mrgray@gil.com.au

 

Introduction of  a Debits or Transaction Tax in Australia.

It appears that the organisations below are at present the major basic enemies of a Debits or Transaction Tax system as it is also called. If they could be convinced of the viability of a Debits Tax and get behind it, Australia would in my opinion see it introduced.

Access Economics
http://www.accesseconomics.com.au/frameset.htm
Access Economics is a contractor to the Howard Govt & if I recall rightly was originally funded by the Howard Commonwealth Govt. ( Your dollars)

One of the  founding Directors is ex Fed Treasury Geoff Carmody, same name as recently retired ATO chief for many years Michael Carmody. I don't suppose they are siblings?

Australian Taxation Institute.
http://www.taxinstitute.com.au/ 

Australian Taxation Research Foundation. ( Connected to Access Economics)
http://www.atrf.com.au/

 
Unit for Macroeconomics at Canberra ANU Uni.
http://cama.anu.edu.au/camaboard.htm

How money is created in Australia :

Simply explaining how the Australian monetary system could better serve Australia's people.

We have all heard it said that "money is the root of all evil" and probably thought that was a bit of an exaggeration.  But when we understand how money is created in the modern world we can then understand the main cause of many major problems: ever increasing taxation; pensions disappearing; inequitable distribution of wealth; inflation; national debt; currency crises and devaluations; recessions; depressions; and even the failure of government in a democracy to govern in the interest of its electors.
Money was invented to be a tool for facilitating trade, but has now become a tool used by the rich to govern the world.  If you have any doubt about that, please read on.

National Debt:

We've all heard of the Third World's debt crisis, of hopelessly poor nations unable to pay their debts, and of the human suffering and environmental consequences of their desperate predicament.  But did you know that powerhouse of the world economy, the United States of America, is also in debt... to the extent of nearly US$20,000 for every man, woman and child in the entire USA?  Or that after Mexico and Brazil Australia is, per head, the largest debtor nation on Earth?

According to figures obtained in mid 2001 from the CIA Factbook, these are the external debts of a few countries, a lot of them from the "First World":

Australia US$222 billion, Austria US$32 billion, Canada US$253 billion, China US$159 billion, France US$117 billion, Hong Kong US$48 billion, Israel US$18 billion, Italy US$45 billion, New Zealand US$53 billion, Russia US$199 billion, South Africa US$25 billion, Sweden US$66 billion, United Arab Emirates US$15 billion, United States of America US$862 billion.

The Factbook's figures vary from being a couple to several years old, but if so many countries, from the richest to the poorest, are all in debt the question needs to be asked... to whom is the money owed?  The answer, apparently, is to private banks.

Banks are happy to make loans available because of the interest they earn from them, but how do they come to have so much money to lend?  More even than the world's richest countries?  The way the banks amass all that money to lend is the story of this page, because they do it not only in Australia, but in countries all around the world, and they are accused by many of using that money to bribe and blackmail politicians, political parties, bureaucrats, media, experts, and others so that indirectly they are able to govern the world.
To find out how, read on...

Definition of Money:

Money according to the Macquarie dictionary is "coins or certificates (such as banknotes etc.) generally accepted in payment of debts and transactions, or any article or substance similarly used".  In the early days of Sydney, Australia, rum was frequently used as a form of money.  In the modern world credit cards and cheques are generally accepted in payment of debts and transactions, so credit is a form of money.

Coins and Banknotes

In Australia, coins are made by the Commonwealth Government at its Royal Mint in Canberra and banknotes are printed in Melbourne by Note Printing Australia, a wholly owned subsidiary of the Reserve Bank of Australia which in turn is wholly owned by the Commonwealth Government.  So it is fair to say that coins and banknotes are manufactured by the government.  Provided the quantities made result in a total money supply in balance with the goods and services being generated throughout the country the manufacture of coins and banknotes will not cause inflation nor a shortage of money.

But statistics like those prepared by the Reserve Bank show that only about 5% of all money in Australia exists as coins and banknotes.  So where does the other 95% of money come from?

Banks Create Money by Creating Credit:

Credit that can be accessed by credit card, overdraft cheque or bank loan represents nothing more than a bank's promise to pay.  It does not mean that the bank owns enough real money with which to pay, nor does it mean that the bank's customers have deposited sufficient money with it for the express purpose of loaning out.  To honour its promise to pay the bank relies on two factors: First that the credit created will spend most of its life as deposits in bank accounts where it can exist as nothing more than numbers in bank computers. Second, that whenever payment in cash is demanded, the bank can pay with money deposited with it for safekeeping by its customers.  No depositor ever sees a statement telling him that part of his deposit is unavailable because it has been loaned to a borrower, however banks have been known to go broke occasionally even in Australia, leaving their trusting customers in the lurch!

When someone borrows from a bank, perhaps taking out a housing loan, the bank records in the borrower's account the debt that must be repaid with interest, and in return provides a bank cheque to the borrower or direct to whoever he is purchasing the house from.  The bank cheque is bank created credit, not backed up by the bank's own money nor anyone else's.  The banks are permitted by governments to create credit like this up to as much as 15 times the total amount of money they hold in "deposits".  Furthermore, "deposits" are considered to be not only banknotes and coins, but cheques and account balances representing credit created previously, so banks are able to build a mountain of credit based on earlier credit until it amounts to 95% of all money!

It is worth stressing that when a bank makes a loan, it never loans any of the bank depositors' money.  No depositor ever sees a statement telling him that part of his deposit is unavailable because it has been loaned to a borrower.  Bank loans are of bank created credit only.

Eventually the house seller will present the bank cheque for payment, probably at another bank where it will be credited to the seller's account.  But even at this stage the created credit still exists only as numbers that the banks' computers can swap amongst themselves, and on average that is where 95% of it will stay for the life of the loan, because, remember, only about 5% of all money is cash.

So banks can and do increase the money supply by creating money out of nothing, as credit.  By so doing their influence over the total amount of money circulating in the community is many times greater than that of the government manufacturing banknotes and coins.  And so it is that the privately owned banks can cause and control inflation.  Remember that next time you hear some scaremonger predicting ruinous inflation caused by the government printing money.

In time, the credit created by the loan is extinguished as the loan is repaid, so at the end of the loan the temporarily created credit will have disappeared, except for leaving the bank richer by the amount of interest paid.  Would now be a good time to remember that the interest amount is often greater than the original amount of the loan?

To expand its business, the banking industry normally seeks to continually increase the overall level of debt, and just loves big spending business and government customers.  But it is worth noticing that banks can at any time decrease the supply of money circulating in the community by refusing to issue new loans as existing ones are repaid... thereby causing recessions and depressions.

In Other Words:

The previous section is the most misunderstood part of this story, so it is worth repeating several times in different words.  Click here to find similar things being said in different ways by a variety of commentators.  Or see The Fatal Trap In The Global Economy by Graham Ferguson and Michael Bond.  And if you are wondering why you don't hear these things on TV, on radio, at school, or in newspapers, here is an explanation of why from Canada, which is plagued by the same problems.

Bankers Depression of the 1930s:

Older Australians all know about the Great Depression and the extremely hard times it brought about; but what of its causes?

In 1930, Australia did not lack industrial capacity, fertile farmland, or skilled, industrious and willing workers, residing in both the city and country. Already, extensive systems of reasonably efficient transport and communications were in place. War had not ravaged the cities or countryside, nor had famine devastated the land and its population. There remained plenty of development work to be done.  The one thing that industry and commerce lacked was a sufficient supply of money.

In the early 1930s, Bankers, who were the only source of new money or credit, deliberately refused loans to industry, commerce and agriculture.  However, payment on outstanding loans was still demanded, which led to a rapid decrease in the circulation of real money.  By a curious co-incidence, the same thing was happening in America and elsewhere.

This caused a complete standstill; jobs could not be done, goods and services could not be purchased. This placed Australia in the Great Depression of the 1930s, and moreover, placed extensive numbers of mortgaged businesses, private dwellings and farms into the hands of Banks. The same happens on a smaller scale every time we have a recession.

Australia suffered more in the 1930s than any other country with the exception of Canada and Germany.  We had an unemployment rate that reached 30% and was 20% for a long period of time.  National income fell by almost half.  Capital dried up completely.  Commodity prices fell by two thirds.

Bankers Quickly Created the Money for War:

Almost overnight, the same Bankers who had no money for housing, food and clothing, suddenly had millions to lend for Army barracks, uniforms, rations and weaponry.  This was a remarkable reversal in policy by the Bankers. They simply began pumping millions upon millions of dollars back into the economy when war was imminent.  The Great Depression ended because of the war!

Wars create huge debts to the Bankers who are able to expand the money supply and lend more money out.  Big banks that have traditionally been owned exclusively by a few collaborating families, can change the course of history and have done so for much of this century.

Competing Banks Co-operate:

Various mechanisms exist to enable individual banks to co-operate with each other to make the banking industry work by exchanging debts, payments, information, etc.  One such is the Australian Payments Clearing Association, a public company owned by the banks, building societies and credit unions. It has been in existence since February 1992 and has specific accountability for key parts of the Australian payments system, particularly payments clearing operations.

If you have wondered how the independent banks manage to raise and lower their interest rates all at about the same time, the answer lies with the Reserve Bank of Australia which is not a government department but is wholly owned by the Commonwealth.  The Reserve Bank Board makes decisions about interest rates independently of the political process – that is, it does not accept instruction from the Government of the day on interest rates.  In the USA the Federal Reserve Bank posed as a government agency until a US appeal court ruled that the Federal Reserve is privately owned.

Numerous banking associations and institutes exist throughout the world to cater for the mutual interests of bankers.  One is the Australian Bankers' Association, the national organisation of licensed banks in Australia whose mission is "to further the interests of Members . . .".

And internationally, Australia is a member of the International Monetary Fund which was created to promote international monetary cooperation.  Its activities include Surveillance, Lending, and Debt Relief for heavily indebted poor countries in exchange for the ability to prescribe macroeconomic adjustment and structural and social policy reforms in those poor countries.

So quite apart from family connections, religious loyalties and secret societies, there exist many recognised bodies fostering contact, co-operation, and perhaps collusion between supposedly competing banks.  Whether this ever results in a conspiracy is left for the reader to decide.

Banks (try to) Buy Respectability:

A minor scandal erupted in Australia during the year 1999 when it was revealed that influential radio talkback presenter, John Laws, had accepted payment of half a million dollars from the Australian Bankers' Association for more favourable on-air comments about the banks.  The parties involved appeared to regard the deal as a normal commercial arrangement.

Impossibility of paying off all debt:

Some simple arithmetic will quickly convince you that if 95% of a nation's money exists as bank created credit owing a bit over 5% interest, the remaining 5% of "real" money will be insufficient to pay even the interest!  Consequently, interest is continually compounded as a debt.  This is a mathematical certainty.  The whole economy then slaves away at the impossible task of trying to repay the ever increasing debt to the banking system.  Lucky individual borrowers will sometimes pay off their debts to the banks, using in the process so much of the available money as to ensure that others never can.

Under Australia's present monetary system, at any point in time the capitalised value of debt and interest will always exceed the money supply.  At the end of May 1998 in Australia, the total value of debt and interest as a result of lending by banks was $518,498m, while the money supply was $404,109m.  There's a fuller discussion of this matter in Manufacturing Money by Mark Mansfield B.Ec.

The Result: Profits for the banks, Debts and taxes for the people:

Whilst the banks profit by creating credit, what happens to the borrowers?

In the case of the Australian government its debt reached such a size that it could not pay off the loans as they fell due, and has to borrow more just to pay its interest bill !   By 1993/4 Australian governments were responsible for 46% of Australia's total external debt which itself is now US$222 billion according to the CIA Factbook.

This is why the government, desperate for money to pay the banks, increasingly taxes the people who can not escape it;  why it sells commonwealth assets and enterprises previously owned by the people; why it bleats that it can no longer pay old age pensions to people it has been taxing for that very purpose since the 1940s; and why it continues to attract foreign investment long after our need for it has passed.  A formula for leading Australia inexorably into the clutches of the International Monetary Fund !

By 2005 the government had paid off most of its debt to the banks, aided by sales of our publicly owned assets, its new tax, a booming world economic climate, and theft by inflation... but left the privately owed external debt untouched.

Australia has already started taking the IMF's Four Steps to Damnation.

If you have retained your sense of humour this far and would like to join a group of Australians who are sick of banks, why not visit the Sick of Banks website and register your support?

Better Alternatives:

The good news is that the problems caused by Australia's present money creation system can all be overcome: better alternatives exist.  Another matter entirely is how to get Australian governments to implement the required changes, or even to comprehensively discuss them.

Some approaches that have merit are listed below:

Government Issued, Debt Free Credit:  Most problems would be overcome if the government simply issued credit, like it does with banknotes and coins, debt free.  Especially when the government itself is the borrower.  It already has the constitutional power to do so.  Why it should have transferred this lucrative right to privately owned banks is difficult to understand unless things like bribery and blackmail are considered.  Conspiracy theorists point out that two American Presidents, Abraham Lincoln and John Kennedy were both assassinated whilst they were attempting monetary reform.

Nationalising the Banks - bringing them under government ownership and control - appeals because amongst other things it could result in banking profits being shared by all the people.  In 1947 Prime Minister Ben Chifley and his Australian Labor Party Government attempted to nationalise Australia's banking system, but the proposal was vetoed by the Privy Council.  Chifley's idea was to harness credit-creation to national economic development.  Opponents point out that government has made such a mess of so many things it has undertaken that it simply can not be trusted with something as important as running banks. For example, in Australia's banking crisis of 1989-1992, the IMF estimates the cost of rescuing state-owned banks to be nearly 2% of GDP.  What the IMF didn't estimate is the percentage of GDP we pay every year, in interest on credit created by private banks.

Islamic Banking is designed around the religious beliefs of Muslims, but can be used by anyone.  Paying and charging of interest is prohibited !  Use of paper money is also illegal according to Islamic law, so another Islamic initiative is a return to the use of coins made of precious metal.  The gold Islamic Dinar is now minted in four countries and is on its way to becoming the currency of millions of Muslim peoples.  And it could once again become the currency of all people who are tired of being cheated.

Impex Banking is just one of a collection of reform measures proposed by Economic Reform Australia, a non-profit and non-party organisation concerned primarily with sustainable development and with economic and financial reform.

For lots more detail about alternatives and an agenda for implementing them, see David Keane's page Solutions for Australia's Banking and Financial Management.

Some Success Stories:

The Saracen Empire forbade interest on money 1,000 years ago and at that time its wealth outshone even Saxon Europe.

Mandarin China issued its own money, interest and debt free, and historians and collectors of art today consider those centuries to be China's time of greatest wealth, culture, and peace.

Germany financed its entire government and war operation from 1935 to 1945 without gold and without debt, and it took the whole Capitalist and Communist world to destroy the German power over Europe and bring Europe back under the heel of the bankers.

A little place that has escaped the clutches of the banks by issuing its own interest-free money is the little island of Guernsey.  By controlling its own money supply from 1816 onwards, Guernsey was able to avoid the century old trap of borrowing when it didn't have to.  The island has had a stable and prosperous economy for over one hundred and fifty years. Guernsey's income tax is only a "flat" 20%.  It has no public debt, no GST, no VAT, no inheritance tax, no capital gains tax, and almost no inflation.

American colonies issued debt-free and interest-free money as colonial scrip in the 1700's and their wealth soon rivaled that of England, provoking restrictions from the English Parliament which in turn led to the Revolutionary War.  The basic cause of the revolt of the American colonies against the British Government was the fact that the British did not like the colonists creating their own money and enjoying comparative prosperity compared with conditions in Britain.

American President Abraham Lincoln printed 400 million dollars worth of interest and debt free Greenbacks in 1863 to successfully finance the Civil War, only after being asked to pay 24% to 36% interest by the banks.  He was later assassinated, allegedly by an agent of the Rothschild Bank.

Australia's own government established Commonwealth Bank achieved some impressive successes while it was "the peoples' bank", before being crippled by later government decisions and eventually sold.  At a time when private banks were demanding 6% interest for loans, the Commonwealth Bank financed Australia's first world war effort from 1914 to 1919 with a loan of $700,000,000 at an interest rate of a fraction of 1%, thus saving Australians some $12 million in bank charges.  In 1916 it made funds available in London to purchase 15 cargo steamers to support Australia's growing export trade.  Until 1924 the benefits conferred upon 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 million for Australian homes, while to local government bodies, for construction of roads, tramways, harbours, gasworks, electric power plants, etc., it lent $18.72 million.  It paid $6.194 million to the Commonwealth Government between December, 1920 and June, 1923 - the profits of its Note Issue Department while by 1924 it had made on its other business a profit of $9 million, available for redemption of debt.  The bank's independently-minded Governor, Sir Denison Miller, used the bank’s credit power after the First World War to save Australians from the depression conditions being imposed in other countries. The Commonwealth became the first Australian Bank to to open an agency in New York, established mainly for public loans via the New York market.  By 1931 amalgamations with other banks made the Commonwealth Bank the largest savings institution in Australia, capturing 60% of the nations savings.

The Commonwealth Bank was unable to save Australia from the depression of the 1930s because it had been effectively strangled in June, 1924, when the Bruce-Page Government brought in a Bill to amend the Commonwealth Bank Act by taking the control of the Commonwealth Bank out of the hands of its Governor, and placing it in the hands of a directorate consisting of the Governor of the Bank, the Secretary of the Treasury, and six persons actively engaged in agriculture, commerce, finance, and industry, to be appointed by the Governor-General (which in practice meant the Bruce-Page Government).  The effect of the Bill was to place the Bank absolutely under the control of a body of men who might be bitterly opposed to any competition with private banking.

Such history of money does not even appear in the textbooks of public schools today.

We are not alone!

Take a look at some of the websites exposing similar problems in the USA.  A proposal for solving the problems is presented in the People For Mathematically Perfected Economy USA website.

Conclusion:

"At the turn of the century there was nothing that Australians could not afford.  Per head, we were the richest people on Earth.  Our life expectancy was the longest in the world."

So runs the introduction to a 1987 film series produced by Film Australia and entitled "Last Chance for the Lucky Country" (ISBN 0642 13106 6).  It seems that Australia had the highest or close to the highest standard of living right up until about 1960.  But the introduction continues:

"Today, our rank has dropped.  16 countries lead us in wealth.  After Mexico and Brazil we are, per head, the largest debtor nation on Earth."

That was in 1987.  By the end of 1997 our standard of living had dropped below 23rd, we were further in debt, and the value of our dollar had dropped to a near-record low.  By 2001 our dollar had set a series of new record lows, and although it has appeared to recover somewhat since, that is mainly when compared with the USA dollar, which itself is beset by many of the same problems.

See also: Various Views on Money Creation

See also: Manufacturing Money

See also: Understanding How Money is Created

See also: Australia Needs An Industry Policy

 

 

Outlining Australia's political path to poverty.
http://www.netbay.com.au/~noelozzy/  
There can be no mistaking the intent and actions of Australian political parties to remove economic prosperity from the people of Australia.
This was heavily accelerated in 1975 by the Whitlam regime, launching Australia on it's downward spiral into endemic debt and poverty.
The Lima Declaration was accepted by the Foreign Affairs Minister Senator D.R.Willessee without the knowledge of Parliament, thus ensuring that Australia would wind down Industry, Manufacturing and Farming.
The Lima Declaration also required that we relinquish Monetary Control over the Economy & Banking. Every Government since 1974 has worked steadfastly towards the goals of the Lima Declaration and the target year of 2000.

 

The conspiracy

The money myth exploded — by Louis    Must read this first
Bankers are counterfeiters — by Jean-Pierre Richard
The Illuminati: the world conspirators — by Myron Fagan

About taxes

Income tax is unconstitutionnal — by Murray Gauvreau
Cuts and tax hikes (Ontario) But good information for all ! — by Louis Even & Yvon Nantel

About creation of money

Two great presidents of the United States (JFK & Lincoln) — by Melvin Sickler
United States Note (JFK) — by Melvin Sickler
American Senator Jack Metcalf — by Alain Pilote
Guernsey’s monetary experiment — by Louis Even
The banks do not lend the depositor's money NEW! — by Alain Pilote

A town that issues its own currency: Ithaca — by Alain Pilote
http://www.prolognet.qc.ca/clyde/ithaca.htm

Bad fruit from a system of unpayable debts — by Louis Even
http://www.prolognet.qc.ca/clyde/badfruit.htm

Finance Minister Martin repeats like a parrot — by Thérèse Tardif
http://www.prolognet.qc.ca/clyde/parrot.htm

 

Terminated! Freemasonry's Final Revelation
By Henry Makow Ph.D.
November 16, 2003
http://www.savethemales.ca/000280.html

By allowing bankers the privilege of creating money, we have created an insatiable vampire. If you could manufacture money, imagine the temptation to own everything!

 

WHY THE GST IS UNCONSTITUTIONAL- You will find this delightful reading

HOW TO MAKE THE TAX OFFICE YOUR SERVANT  - They seem to forgt who is the legal master.

 

FREE E-BOOKS
http://www.moneyfiles.org/interest.html

WHAT HAS THE GOVERNMENT DONE WITH OUR MONEY?
By Murray N. Rothbard - Copyright 1980 by The Ludwig von Mises Institute
 
THE SKEPTICAL INVESTOR -- THE GLOBAL CRI$I$
By Max Moseley - Copyright© 1999,2000 All Rights Reserved.
 
WHEN CORPORATIONS RULE THE WORLD
By David C. Korten - Kumarian Press, 1995
 
THE HOAX OF EQUAL OPPORTUNITY AND PROSPERITY
By David Vancouver, Canada - March 1990
 
THE FOUNDATION FOR THE ADVANCED MONETARY EDUCATION:
MONETARY FRAUD EXPLAINED
By Paul A. Hein, M.D