Category: Finance

Joe Hockey Calling Profit-shifting Companies “thieves” and “cheats”

The Treasurer of Australia, Joe Hockey, has assaulted multinational profit-shifters, labelling these companies as “thieves” and “cheats”. He has the public’s support to force multinationals such as Apple, Google and Microsoft to pay their fair share of tax in Australia and has been in contact with his British counterpart, George Osborne, who is committed to introducing a “Google tax”. But, as reported… Continue reading Joe Hockey Calling Profit-shifting Companies “thieves” and “cheats”

Australia Needs Money CREATION Reform And Honest Sovereign Money Policies.

A letter to the Australian Ministers from Christopher Brooks The money creation racket is in essence so simple in method and yet so vaste in effect it is almost impossible for the human mind to contemplate that mankind could be deceived with such devastating impact over so many generations.

Hockey Backflips on Taxing Multinationals. Collectivism in Progress.

Canberra is like watching a Punch and Judy show. A promise from Australian Treasurer Joe Hockey that he would impose tough new tax avoidance rules on multinational companies (that shift billions of dollars in profits between Australia and their international subsidiaries) has now been broken. Multinationals will retain their “unfair competitive advantage” (Hockey 2013). Last Monday’s Mid-Year Economic… Continue reading Hockey Backflips on Taxing Multinationals. Collectivism in Progress.

Political and Banking Treachery in Australia

AN OPEN LETTER TO THE AUSTRALIAN PEOPLE: Dear Men and Women of Australia, There are two photographs on this page, and while they might look like father and daughter, they are separated by two nations, one ocean and some seventy years. Yet incredibly, they are both part of the same tragedy, the kind that leaves… Continue reading Political and Banking Treachery in Australia

Is Glenn Stevens a Coward?

   The perfect world – zero interest rates for the speculators. Don’t bother making stuff. I spoke to financial commentator, Greg Buck about housing bubbles, speculative financial thinking and about the Reserve Bank of Australia. Now RBA’s Governor Glenn Stevens says loan limits ‘worth a try’. They want all the credit when the going is good,… Continue reading Is Glenn Stevens a Coward?

Kleptocracy and Crony Capitalism

“The Age of Entitlement is over” (Joe Hockey, London 2012). I asked Greg Buck what he thought of entitlements and how Hockey’s budget was effecting Australians. Greg explains how governments in the Western World have bastardized capitalism – into a Kleptocracy. Governments rejig the the free market and support the Welfare Queens and the Welfare Kings –… Continue reading Kleptocracy and Crony Capitalism

The Project for the New Australian Century Pt 2

I wonder if the anti-budget, anti-Abbott protests on Sunday will make any difference? It does feel like an Americanization mentality in Abbott’s agenda (regarding welfare, education, health etc.) and it is encouraging to see Australians don’t want that. But if our politicians really looked into what is happening in the USA they would discover that… Continue reading The Project for the New Australian Century Pt 2

The Australian Budget – What’s The End Game?

Hockey and Abbott’s mantra: “Change the culture of entitlement”. Wow – a bold statement from a people dripping with entitlements. Their benefits: A generous super package, resettlement allowance, a parliamentary (retirement) allowance of 50% (of $195K) after only 8 years of service, and don’t mention the 50 free flights per year, free office and more… Continue reading The Australian Budget – What’s The End Game?

The Project for the New Australian Century

The Commission of Audit gives us a glimpse of ‘The Project of the New Australian Century‘ – Well that is what it feels like. Abbott’s government has given us a sniff of their ideals, but are they really spinning us only a part of the story? And this may all be part of carefully planned… Continue reading The Project for the New Australian Century