It was just a week ago that Bill Shorten stood in front of the masses to dress down the economy as failing, claiming that capitalism was the reason for this, and that the biggest problem facing Australia is “inequality”, with that came the call for the biggest tax reforms Australia has ever seen. However there is more to this reform than “inequality”, no we know exactly what this is about Bill..
Let’s talk about Australian debt for a second here, and just how it is serviced….it’s really quite simple. What if I told you that right now Australia owes about…$1 trillion dollars in foreign debt. That our debt has been rated ‘extreme’. National government debt as we speak is sitting at around $527 billion. So who owns this debt, well if you read the mainstream news, you will often be told Australians do, through commonwealth securities. That is a straight out lie, the majority of our debt is in fact owed to international banks.
Since the keystone of international banking empires has been government bonds it has been in the interest of these bankers to encourage government debt. The higher the debt the more the interest. You see, you can control a government if you have it in your debt; much in the same way a creditor can demand a voice in that it loans to.
Whenever a business form borrows big money its creditor obtains a voice in management to protect it’s investment. Like a business, no government can borrow big money unless willing to surrender to the creditor some measure of sovereignty as collateral. Hint, hint…Reserve Bank of Australia.
Now we speak of interest being paid on debt, just how do governments pay back debt (with interest), again it’s simple…tax. That’s right and I’m sure you knew it before hand, tax is just the austerity measure our international financiers absolutely love. Hence the common libertarian phrase…taxation is theft.
Cue Bill Shorten, stepping up right now under the guise of “equality” to jsutify a highger tax rate on the population, in the name of wealth re – distribution, Shorten wants to make sure his international banking buddies have their pockets filled as soon as possible. Let me tell you something, this is avery big issue.
Seeing as a government owing debt is a government controlled, any government that moves towards increasing our debt is a part of the conspiracy. Australia is absolutely drowning in it right now and soon enough we will see ourselves in as much trouble as the US is in right now.
As you can clearly see, both Labor and Liberal are big spenders. And then came the error, funnily enough, just today, the Governor of the RBA Phillip Lowe echoed Shortens inequality remarks at a luncheon.
Starting to see the connection?
The governor said,that inequality “grew quite a lot in the 1980s and the 1990s, and it has risen a little bit just recently”. And then he said it, the Governor actually commended Shorten on his plans to crack down on tax minimisation, to further tighten the noose on Australians,
“Labor is looking to tackle the problem by addressing the unfair elements of our tax system and ensure that schools are correctly funded. Let’s just hope Mr Morrison finally acknowledges there is a problem.”
We need to be extremely vigilante when it comes to our governments tax obligations, they want to continually hide from us exactly who we owe our debt to, in fact I challenge you to try and find statistics around this, you won’t be able to. If you take away one thing from this article know this; DEBT = CONTROL, TAX = DEBT PAID, HIGHER DEBT = MORE TAX, MORE TAX = MORE MONEY FOR CREDITORS.
The Loud Libertarian