Prepare Now for the Financial Crash of Crashes! By James Reed

     Here is a good article with all the links dealing with the on-going bank collapses in Europe. For example, the sixth largest bank in Spain, Banco Popular, failed in early June this year, with emergency funds being offered, which were burnt through in a mere two days. A sale was eventually arranged by frantic EU regulators to Santander, which held off the evil day of financial reckoning for a time. Other Spanish banks are facing similar vulnerabilities, such as Liberbank.

    Spain is just the beginning. The Italian financial system is unhealthy, showing that all of that pasta and high carb food, really is not that good for you. That site is primarily a financial one, but it has this interesting observation about the ultimate breakup of that artificial construct, Italy:

Continue reading

Replaced by Robots By Brian Simpson

     While we may accept that many jobs will quickly disappear due to IT and robotics, it is often thought that some lower level jobs like construction will survive. However, the endless march of technology out of our control continues, as illustrated by a MIT robotic system designed a 3D print basic structure for a building in less than 14 hours, using what has been called the Digital Construction Platform: http://money.cnn.com/2017/05/02/technology/3d-printed-building-mit/index.html; http://robotics.sciencemag.org/content/2/5/eaam8986. But in China, whole apartment complexes have been 3D printed, if the press is to be believed: https://www.cnet.com/au/news/worlds-first-3d-printed-apartment-building-constructed-in-china/.

     The retail industry is also set to be gutted, with a report by investment advisory firm cornerstone Capital Group claiming that almost half of all US retail jobs are under threat due to automation technology: http://cornerstonecapinc.com/2017/05/retail-automation-stranded-workers-opportunities-and-risks-for-labor-and-automation/. The service industry was supposed to be where industrial workers went once their work paradigm was destroyed, but now, it too is going.

Continue reading

Bit Coin Bit Off More Coin Than it Could Chow By James Reed

     Most people I know think that I’m crazy: https://www.youtube.com/watch?v=XtJq56cp_dk, for not jumping on the Bitcoin train, even a bit. But, in a recent article Mike Adams hoses down the present market euphoria about sky high Bitcoin: http://www.naturalnews.com/2017-05-24-do-the-math-heres-the-rational-analysis-why-99-of-current-bitcoin-owners-will-never-be-able-to-sell-bitcoins-for-anything-close-to-the-imagined-current-value.html.     He makes the logical point that the Bitcoin bubble, like all bubbles will burst, and those who have put their savings in it will be squashed. Not only that, but it is going to be hard to even bail out of Bitcoin. Here is the maths:“# of Bitcoins currently in circulation: Roughly 16,350,000Current Bitcoin price vs. the USD: Roughly $25001,000 bitcoins represents roughly 0.006% of the total number of Bitcoins that existAverage drop in Bitcoin price from selloff of just 1,000 bitcoins: $30 (see raw data of price moves at Bitcoincharts.com)Estimated drop in Bitcoin price that would occur from the sale of 10,000 bitcoins (just 0.06% of the Bitcoin supply): $300Estimated drop in Bitcoin price from sale of 100,000 bitcoins (just 0.6% of the Bitcoin supply): $3000 (but wait, Bitcoin is only worth $2,500, so wouldn’t a selloff of 100,000 Bitcoins plunge the price toward zero? YES, it would.)Value of Bitcoin if just 1% of current Bitcoin owners try to sell all their Bitcoins: Approaching $ZERO

     What percentage of current Bitcoin owners think ALL their Bitcoins are worth the current high price: 100%Actual percentage of current Bitcoin owners who can unload Bitcoins without crashing Bitcoin values toward zero: Perhaps 1% – 2%(and that’s generous)Percentage of current Bitcoin owners who are going to learn a very expensive lesson in “tulip bulb mania”: Perhaps 98% – 99%.”     Adams says that this is like a Ponzi scheme: https://en.wikipedia.org/wiki/Ponzi_scheme, because the only way of sustaining the price of Bitcoin is to find an increasing number of new people buying into Bitcoin. But, this is not sustainable. The bubble is set to burst, as all financial bubbles do.     Do you still have faith in the system after the Cranston affair, anyway? http://www.theaustralian.com.au/business/opinion/robert-gottliebsen/160-million-cranston-tax-affair-highlights-deep-weaknesses-in-tax-system/news-story/8382c9b2cf6ad2dbeecb025c8d7a3481.

A Balanced Budget?

     Yet another treasurer bows to the gods of “the balanced budget” and “the surplus”.A balanced budget is not necessarily good.Most of the dreary comrade societies aimed at a balanced budget – “We take 100% of your income and spend it all”.There is only one tax on the people and that is government spending.The treasurer needs to slash that big tax. All else is flummery.Viv Forbes, Rosevale, Qld This email address is being protected from spambots. You need JavaScript enabled to view it.

Adieu La France: L’échec de Le Pen By Peter West

    Predictably enough, Le Pen was crushed by her globalist former Rothschild banker opponent, like a truck going over a biro. I know that there is a large case to be made of dirty tactics, cheating and all the rest, but at some point the good guys need to face up to internal weaknesses that have led to a culture of defeats. Given the weak nature of modern Whites, it is necessary to constantly whistle in the dark, to keep the nerve of the weak up. But, alone here in private, we can talk frankly.

    The fact remains that the majority of the population, at least in France, are not “on side.” They consent to continual immigration and terrorist attacks. That is exactly how the ruling globalist elites will interpret Le Pen’s defeat. France will be slammed by globalism as never before, and no doubt has now reached a tipping point where no (sic) dumocratic solution to its problems is possible. Given the cucked nature of the population, France will disintegrate into chaos, ultimately with a sharia law government gaining control of its nuclear weapons. Prediction: that will happen by 2030 at the latest.

Continue reading

Look, Up in the Sky…It’s Space Junk! By Brian Simpson

    It is no conspiracy, there really is a lot of space junk floating above the Earth, in orbit: http://collapse.news/2017-05-05-space-pollution-reaching-dangerous-levels-as-750000-pieces-of-debris-are-orbiting-earth.html; http://www.telegraph.co.uk/science/2017/04/21/750000-pieces-debris-orbiting-earth-threaten-future-spaceflight/.

    There are over 750,000 hunks of dangerous material orbiting the Earth, coming from 5,250 space launches since 1957. These objects are larger than one cm and there are an estimated 166 million pieces of junk larger than one mm, all of this material traveling faster than a bullet. It is somewhat surprising that more damage has not occurred to modern satellites given that they are essentially in a shooting gallery.

Continue reading

Letter to The Editor

To the Herald Sun 4/5/17  Fat cats need a diet  As Australia's resources fat cats made the billionaires top 100 list again, I was reminded of Alaska which in 1976, nine years after oil was discovered, amended its Constitution to dedicate its yearly oil revenues, in part, to a state investment fund.Every person since 1982, a permanent fund dividend has been paid to every Alaskan men, woman and child in recognition of the ownership, in part, of its resources.From a 2008 high of $3269, in more recent years the PFD has been between $1000 and $1500 per person.

Similarly, following Norway's discovery of North Sea oil, Norway created the State Petroleum Fund in 1990. A substantial amount of oil profits, viewed as belonging to all Norwegians, has created a found balance of almost $60 billion. Unlike Alaska, however, always priority is to find community-wide benefits.Norway has a steady growth rate, almost no poverty, free health, free education (at all levels) and negligible unemployment. Workers enjoy eight weeks paid leave, liberal sick leave, three-year maternity leave and reliable and inexpensive day care. Creative part-time and tell communicating opportunities help keep women in the workforce.Sadly, I don't see the income from Australia's resources providing the same benefits – it just seems to be making the fat cats fatter.John Seaton, Prospect Vale, Tas.

Charles Ferguson’s 'The Great News' (1915)

This article stemmed from reading a paper written by an Indian chap on a proposal for a National Dividend for India.  An excellent paper, it has just one small historical error:  from his readings, the chap believed that A.R. Orage coined the term ‘social credit’ which was published in an edition of 'The New Age'. Historically, this was not so, and historical accuracy is important, so this error will be corrected.

But it did send me back to Charles Ferguson’s 'The Great News' (1915).

Continue reading

Posted on FB by Louis Cook

It is after 3 am and I should be asleep but heard on the radio earlier tonight that the cruise missiles launched against Syria cost the government $US60 million. This is utter nonsense! What about the cost of two warships put to sea fully crewed with trained personal?

Using chemical weapons against ANYBODY is also to be deplored but was that also ‘false news’ to effect regime change? I am sorry to suggest that Donald Trump appears no different to predecessors Obama, Bush, and those other twerps, Brown, Blair and David ‘what’s his name’? The Australian Prime Minister also supports these ‘war-mongers’.

Continue reading

LETTERS TO THE EDITOR by Ralph Provan

‘Unbelievable’’ best describes Australia’s domestic electricity and gas supply shortages in one of the richest resource-endowed countries on the planet. How has this been allowed to happen? This downhill slide to tragic shortages, unreliability, plus ever-increasing costs has occurred after privatisation of our state and Commonwealth-owned essential services. Electricity, water, rail, Telstra, air and sea ports — all of which provided service reliability to Australians while at the same time planning for expansion of these same services — have been sold off.

The philosophy of privatisation of public assets — paid for in our rates and taxes by all Australians — to transnational corporations, overseas banks and foreign governments smells like treason. These examples beg the question: Who do our party MPs actually represent? Parliaments state and federal appear to be expensive puppet shows with the strings being pulled by transnational corporations, international bankers, including the Macquarie Bank, and foreign governments.

Continue reading

Pop goes the Property Market by James Reed

The governor of the Reserve Bank has warned that the debt-mad property market in Sydney and Melbourne, which is the bulk of Australia, is about to face big problems. (The Australian, April 5, 2017, p. 1) First, banks are lending to people who have no hope of repaying their debts. Second, because of this, household debts are rising more than twice as fast as household income.

A repeat of the 1890s great property collapse, caused by a housing land boom could soon be repeated, where half of all banks closed. One segment of the financial elite class has poo-pooed all of this, saying that it has a low probability of happening. I would like to know who gives them their probabilities. Anyway, even if this was so, the consequences will be catastrophic for protected little Australia. We are only just getting the unhappy scenario of people living in cars and under bridges common in Europe and the United States.

Continue reading

Le Pen on the Four Sovereignties by James Reed

French presidential candidate Marine Le Pen has vowed to “destroy the New World Order” when she is elected President of France, warning the European elites that she will “dismantle their corrupt, self-serving institutions with my own two hands if I have to.”See: http://yournewswire.com/marine-le-pen-destroy-new-world-order/.

“The people have spoken and their message is clear: the New World Order is finished,” Marine Le Pen said. “The elite are not safe hiding behind their propaganda fuelled media institutions, making unaccountable decisions in Brussels, and silencing citizens who speak out against this insanity. When I am President a tidal wave of revulsion will be coming their way, the likes of which has never been seen before.”

Continue reading

Paul Keating says neo-liberalism is at 'a dead end' after Sally McManus speech

Ref: http://www.smh.com.au/federal-politics/political-news/paul-keating-says-neoliberalism-is-at-a-dead-end-after-sally-mcmanus-speech-20170329-gv9cto

Former prime minister Paul Keating - architect of some of the most profound economic reforms in the country's history during the 1980s - has launched a surprise critique of the liberal economic philosophy he once championed, declaring it has "run into a dead end"... Mr Keating made his remarks in response to a speech delivered by the new leader of the ACTU, Sally McManus, at the National Press Club in Canberra on Wednesday...Mr Keating's response will surprise many who have seen him as a hitherto staunch defender of open markets, and key force in modernising the Australian economy. He also presided over some of the federal government's earliest privatisations and the floating of the dollar. His shift in rhetoric will be grist to union attacks on the government and the business community over growing job insecurity and flat-lining wages...

Katter calls for minor parties to come together and don’t forget the Culleton factor

Ref: https://cairnsnews.org/2017/03/13/one-nation-wa-election-fall-out/KAP Member for Kennedy, Bob Katter watched Pauline Hanson’s One Nation Party’s performance in the Western Australia (WA) election closely. It is Mr Katter’s little party, the KAP – who stand to gain or lose the most from One Nation’s performance in the looming Qld election.

Mr Katter said, “Anyone in Qld who thinks One Nation is dead in the water is badly misreading the situation. The LNP is toxic in WA, but the difference in Qld is, so is the ALP (as well as the LNP).“The disaster of One Nation giving all their preferences to Liberals, and voting with them all the time in Canberra… (This brought down Tony Windsor who was always voting with the ALP), One Nation is beginning to look like a LNP lamb in wolf’s ‘Third Force’ clothing, the Hanson Party must realise the reason people vote for them is because they’re not one of the majors.

Continue reading

The Rise of the Machines by Brain Simpson

Advances in artificial intelligence (AI) accelerate, with a new tool  allowing AI to learn to do almost anything on a computer, learning to use Apps like humans do: https://www.wired.com/2016/12/openais-universe-computers-learn-to-use-apps-like-humans/.Open AI, the Ai lab backed by Tesla CEO Elon Musk, has released “Universe,” a virtual world for AI to learn, which covers any software, everything that a human can do with a computer. Universe is thus a software platform, software for running other software, and in principle this will lead to AI being able to solve any problem, better than humans can do. This is early days yet, but that was so with facial and digital image representation previously.

A recent article in The Australian: “Future Shock: What Happens When Robots Take Our Jobs” (January 17, 2017, p. 9) discusses the idea of a universal income scheme for dealing with the “end of work” problem. A side bar discussion notes that India’s Prime Minister Narendra Modi, after scrapping two high-value bank notes which account for 86 percent of India’s currency by value, now wants to introduce a universal basic income which directly gives cash to India’s poorest. His goal is, apparently, to control corruption in India.India, after Russia, is the world’s second most unequal country, where the top 1 percent own 60 percent of the wealth.

Continue reading

"The Delusion of Super-Production" - C. H. Douglas. English Review, December, 1918

It is hardly necessary to draw attention to the insistence with which we are told that in order to pay for the war we must produce more manufactured goods than ever before--a powerful section of the Press would have the whole military, political, social and industrial policy of the Allied Governments directed to the purpose, that, when by a complete victory we have acquired control of raw material and disposed of our most dangerous competitor, we may adjust our internal differences and settle down to an unfettered era of commercial activity, from which all other desirable things will, it is suggested, proceed naturally.

There are an almost infinite number of aspects to this proposition which is not dissimilar, so far as it goes, from that with which Germany went to war: it is possible to attack it from the point of view of the historian, the psychologist, or even the physiologist. It is even possible that certain quite indispensable suffrages have still to be obtained for it. But it is sufficiently interesting to take it as it stands on a frankly material, "practical" basis, and see what are its logical consequences.

Continue reading

The Triumph of Trump by Chris Knight

President Donald J. Trump’s inauguration speech was magnificent. He basically said that the power mad Washington DC elites had rule like tyrants for too long, and now it ends. It was a speech that brought tears to any patriot’s eye. Bill Clinton, on the stage with the rest of the folk Trump was attacking was looking with lust at Trump’s daughter Ivanka (you can see it on YouTube), and Obama looked like he had been kicked in the guts. He had.

There seems to be even a slight awareness that a profound revolution against globalist ideology is occurring. Here are some interesting words from someone who needs no introduction to this site,  Greg Sheridan, The Australian’s foreign editor, “Trump’s Triumph Explained: Xi and Obama Fuel America’s Revolt,” The Australian, January 19, 2017, p. 1.“Two presidents, China’s Xi Jinping and America’s Barack Obama, have taken actions which do much to explain why Donald Trump is triumphant.Xi Jinping, at the World Economic Forum at Davos no less, posed as the champion of globalisation, even preaching against protectionism and populism.“Just blaming economic globalisation for the world’s problems is inconsistent with reality, and will not help solve them,” he said.You have to admire Xi’s chutzpah. If every nation in the world practised globalisation in the way the Chinese government does, it would be a world of constant chaos and near inevitable conflict.

Continue reading

The Globalist War Against Cash, the Internet and Freedom by Richard Miller

In India millions of people are already in revolt against new anti-cash laws which has led to hundreds of millions of poor people being unable to access their savings: http://yournewswire.com/india-millions-protest-new-world-order-ban-cash/

The global financial elites want to eliminate cash as this will give them even more control over the ordinary people, and India is being used as a test-run for what is planned across the world. Without cash the New World Order overlords can readily control what one buys and what one does. The Australian government, following calls from multinational finance companies, is examining abolishing the Australian hundred-dollar note, done under the guise of reducing the “black market economy”:http://catallaxyfiles.com/2016/12117/cross-post-john-adams-we-must-resist-the-war-on-cash/As Mike Adams points out, the attack on cash is part of a globalist offensive on freedom, including freedom of the internet (Natural News.com, December 5, 2016) There is already censorship of the social media in German:http://collapse.news/2016-12-05-german-governments-fear-of-hate-speech-leading-to-full-throttle-censorship-on-facebook.html

Continue reading

The Costs of Foreign Domination of Australian Agriculture by James Reed

The  ATOs Corporate Tax Transparency List for 2014-2015, has revealed the ugly truth that dozens of foreign multinational companies that have made billions buying and selling Australian agricultural commodities have paid no tax: http://www.weeklytimesnow.com.au/news/national/foreign-agriculture-giants-avoid-australian-tax-bill/news-story/6f30e64fa8b270a13c6c3e2bd27c57b0. Apparently these multinationals all made losses, some for the second year in a row. The companies span the entire Australian agricultural sector of grain, wool, dairy, wine, pork and other commodities. If such companies make losses then why are they still operating here? Clearly we Australians, due to our absurdly biased tax laws, written to benefit the multinationals over locals, are being taken once again down the river. Wake up Australia!

The Neocon’s declaration of war against Trump by The Saker

Ref: http://thesaker.is/the-neocons-declaration-of-war-against-trump/After several rather lame false starts, the Neocons have now taken a step which can only be called a declaration of war against Donald Trump.

It all began with CNN published an article entitled “Intel chiefs presented Trump with claims of Russian efforts to compromise him” which claimed that:

Continue reading