Wednesday, January 23, 2008

Rudd, and the power of government over Inflation & Interest Rates

Kevin Rudd has recently expressed his concerns regarding the current social and economic conditions and promises to do whatever is within his power to curb inflation and to keep the interest rates under control.
But the inability of the government to influence inflation and interest rates, is becoming more and more obvious.
We see it in the rising costs and the fall in the standard of living, and we even hear our government confessing it:
For instance, at the time of one of the recent Interest rate rises, John Howard apologised about this 'unfortunate' event and was sad for those who might lose their homes due to mortgage foreclosures, but he confessed that there was nothing he could do about it.

The Government, far from having control in these matters, is at the whim of the financial system which it works within, but dares not challenge the system itself.
Rudd, for instance, had a private meeting with the Federal Reserve last week.
He knows now what he can do and what he can't, what he is allowed to do and what he is not. He has been given his orders.
His five-point plan, although admirable in some respects, addresses no underlying causes. It focuses on ways to cope with the current 'inevitable' conditions.
These conditions are NOT inevitable.

Under the current financial system, it is true - that Government can do little about our declining standard of living.
The Government and all its economic experts and advisors develop marginal strategies to stabilise the situation.
All their expertise, and subsequently all their proposed strategies deal with how to maintain stability within the current system, as if that system itself were unchangeable.
Systems, I propose, were made for people, not people for systems!
There is no effort to rectify the errors of the current system, or to develop alternatives. Indeed this is a no-go zone, as dictated by the financial elite who are protecting their monopoly.

In most of the countries of the world, the situation is the same.
An interesting fact, and one which gives us a clue to what's going on, is that all the 'richest' countries in the world are those countries with the highest debt.
Who are they in debt to? ... The International Banks. And why? Because there is something fundamentally wrong with the system, that no-one is willing to approach.
In fact, the start of the rot can be traced back to the establishment of Private Central Banks, and their control over the issue of money.

THEY dictate how much money is available in every country. And by this power, THEY dictate our standard of living. THEY dictate the flow of production and the distribution of goods between the producer and the consumer. THEY dictate Government policy.

In this age of technology, we no longer have a production problem, but a distribution problem.
There is plenty enough food and materials to feed and shelter the whole world, but MONEY, which enables the distribution of these goods and services, is being artificially restricted, and is only available through the workforce - hence the rediculous push for full employment in a world of technology which should be making things easier, not harder!

We have, in the 21st Century, a condition of poverty amidst plenty.

Just like the Great Deppression of the 1920's and 30's, the ONLY thing which is in short supply is MONEY - and money is the oil that helps everything turn.

So, under the current financial monopoly, it is true - the Government cannot do much about our standard of living.
But this is only because the Government has abandoned its responsibility to control the issue and value of money and have given this responsibility over to Private Banks who no longer distribute the wealth of the country, but only lend the means by which it is distributed (money) as if they owned the wealth itself! Not only do they expect this money to be returned, but returned with Interest!
This is a terrible reversal of logic, and we have all succumbed to this trick - governments included.

There are many charitable efforts out there - attempting to "Make Poverty History".
I respect them greatly for it, and I honour their efforts ...

But, as Josiah Stamp, the Director of The Bank of England once said-

"The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again."

So, it is of the utmost importance to make a few fundamental changes to the way our economies run. And the first is for our governments to take back the control of money which is their constitutional and moral responsibility, and is the first step towards a truly sustainable economy which serves the people - all the people of the world, and protects our environment from the exploitation of the ever expanding industrial monster.

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