Mangled Thoughts

And one of its Directors, Mr. Roskam, and remarks on pertinent matters.

This lot of poltroonish clowns are the best allies the left could ever hope for.

Mr Roskam has misled Australians. Alan Woods cited Roskam in a column, ETS delay is not enough (The Australian, 8/5/09). First, a couple of notes on the following remarks by Woods:

Delaying the introduction of an ETS is a sensible decision…

There has been a rising chorus of complaint from business and Labor’s legislation faced certain defeat in the Senate. The Government has resorted to heavy political spin and artful manipulation of interest groups to minimise the damage. At his press conference, Rudd helpfully identified the groups the Government spent a lot of time massaging ahead of its announcement, to give it political cover for its embarrassing backflip.

These were, in order, the Business Council of Australia, the Australian Industry Group, the Australian Conservation Foundation, WWF, the Climate Institute, the ACTU and the Australian Council of Social Service.

The last five are obvious allies of the Government on climate change, if now somewhat disillusioned ones.

1/ If the ETS is good for Australians in 2011, then why delay? It is the rot Malcolm Turnbull spouts - ‘it must be done, it is the good thig to do but it must be introduced at 5 in afternoon instead of 6 in the morning’.

2/ The BCA and the Australian Industry Group have also sold out companies for lousy and worse policies and look at the company they keep - fronts run by hard, diseased Leftists.

What has to be kept in view are two things:

Carbon taxes destroys capital, a deliberately caused disaster from which Australians might not recover. It naturally follows that it is also the destruction of the capacity to supply and maintain the Armed Forces of Australia, leaving Australians defenceless. It is worse than a disaster. It will be a major crime perpetrated against Australians and to perpetrate it also requires assertion of totalitarian power against Australians.

Woods, in quoting Roskam, asserts the IPA is the shining exception to the abysmal conduct of the Right and business associations:

A few months ago John Roskam, executive director of conservative think tank the Institute of Public Affairs, posed some interesting questions: What are business organisations for? Do they exist so their chief executives can sit on government advisory boards and have afternoon tea at the Lodge? Or is their purpose to represent the interests of enterprises and employers?

Not the latter, it would seem. As Roskam also has observed, business is to blame for allowing the ETS juggernaut to progress as far as it has: “There’s not a single significant business association in the country that has opposed the notion that Australia should have an ETS.”

None has gone so far as the IPA in calling for the ETS to be scrapped in the absence of a comprehensive international agreement to reduce carbon emissions, and realistically there is not much chance of that.

Well, it is slightly true, given the BCA, AIG and CIS are doing their bit to run the propaganda campaign for carbon taxes. What Woods omits is, the IPA not only did not say much, if anything at all, against carbon taxation until 2008. Up until then, the IPA was running articles in its review on the right way to impose carbon taxes. It’s position since 2008 has been ambiguous, to say the least.

Some lacklustre articles by Alan Moran, in which Alan Moran stopped short in conceding Jackson is impeccably correct in his evisceration of carbon taxes from within a solid framework of capital theory. On the other hand, they run items such as the shallow, vulgar mush by Professor Sinclair Davidson and the editor of the IPA Review, Mr. Chris Berg, in which they conceded:

1. Carbon emissions causes climate change
2. Climate change so caused is a disaster that must be prevented
3. Carbon emissions must be cut  

What these two bilge pumps finally concedeed is that it is OK to destroy Australians by wiping out production via carbon taxes. The evidence confirming that that is the impact of carbon taxes is a Himalayas of evidence, but the CIS and IPA ignore it, as much as they have sought to silence those who have been fighting carbon taxes not since last year, but  over a dceade ago.

These destructive concessions were made in the context of a paper in which Davidson and Berg effectively invited the Rudd Cabinet to impose industry policy (Kim Il Carr must have enjoyed it). They also added a novelty of their own; they denied the inverse of the J curve is a true theorem. Davidson is yet to produce a paper contradicting what is a hard truth. Jackson drew attention to the inverse of the J curve in a paper that razed the fallacies contained in their paper as a serious consideration.

Consider this: The IPA is the Kemp family’s fund. David Kemp, as a Minister for “The Environment” in the Howard Cabinet, was a green zealot who imposed many policies the Greens demanded and laid the foundations for Rudd to destroy capital through carbon taxes, and howled down anyone who stood up to him and told him he is committing a gortesque fraud against Australians. As Minister, he was responsible for stripping Australians via taxation and throwing the proceeds down the gullets of charlatans, ‘alternative energy’ frauds, and a rather long list of scams.. On top of this, the Kemps, being part of the Right, have also done their bit to destroy the Victorian Division of the Liberal Party, in line with Michael Kroger.

In 2008! The fight against Greens lies and policies began a couple of decades before then but the Right and their think tanks, the CIS, IPA and HR Nicholls Society made sure those who were doing the work were never given a public hearing and, crucially, never commended to Howard and Cabinet. The IPA, under Nahan, was  also very nasty to scientists who offered their services pro bono to fight the lies. Moreover, those scientists know how to fight.’ We know why the IPA spat on them. They know talent means they are finished.

Instead, up until March 2008 the IPA was publishing vulgar papers pushing carbon taxation and only temporised this treachery in 2008. The reason can be readily inferred – the increasing numbers of firms who noticed and the risk of cuts in donations to the IPA this presented.

Their effort since March 2008 has been abysmally shallow and timid, and this is their regular, well maintained form in all grave matters. This alone makes Mr. Wood’s article look like a shabby advertising item promoting the IPA to potential donors against the CIS, BCA and AIG, and he is not the only one to do this. Mr. Andrew Bolt uses his columns to lobby for some types of carbon taxation -

- Ethanol, which destroys food production

- Destruction of coal based energy for nuclear power which is, surprise surprise, what Ron Walker, de Crespigny, Hugh Morgan and Greg Lindsay are pushing for.

- The IPA

What a cosy little club the Right is, Mr. Alan Woods, and incestuous too. The current Directors of the IPA include, Rod Kemp, John Roskam, William Morgan, and Andrew Bolt’s new pal, Michael Kroger.

William Morgan, a source confirmed, is the son of Hugh Morgan. The source also related that some years past Kroger had appointed William Morgan to start up and head a new branch of the Liberal Party. A student’s branch at the institution in which young Morgan was temporarily incarcerated, RMIT. It is the rat-hole in which Sinclair Davidson pretends to be a learned Professor of economics. It had a starting membership of one and remained at one. Another Kroger sure fire success. Rumour has it that the appointment of young Morgan as an IPA Director is to make him seem plausible as another Kroger candidate for a Liberal Party seat.

Let’s not forget another nasty former Director, Mike Nahan, who freely smeared genuine Liberals and now holds a seat in the Parliament of W.A. The Kemps, the Morgans, the Krogers, who:

- Killed the Victorian Division stone dead

- Did their bit to destroy the campaign for labour market reform

- Did their best to oust Prime Minister Howard and replace him with their fellow clubman, Peter Costello

- Blew the Liberal Party out of the 2007 election waters because they destroyed the fight for free labour markets.

I say, Mr. Woods, I am only warming up, but it is plain now things are not looking good at all. This item will be resumed on Monday but let’s end this section with an anticipatory conclusion:

Next to their non-existent intellectual grip, what typfies the Right is that they believe they are not required to publicly defend their positions, as well as believing they do not have to attack the Left. People will merely accept what they say is true and obey. A great tactic, which is one of the many reasons they destroyed the fight for free labour markets. A reticence mixed with the brew that runs strong in their veins, cowardice. The same applies to the IPA.

To defend grave causes and hit the diseased Left, requires the weaponry and ammunition of sound theory and scholarly depth in the history of economics and economic history. The Right and their think tanks are complete voids on all three counts.

The battles that are being fought now were begun not last year. They were engaged decades ago and the Right betrayed the Liberal Party, Australians, and finally the Cabinet in these deadly battles. The CIS and IPA never engaged and never did the advanced homework required to fight. Instead, they and the HR Nicholls Society yielded whole swathes of territory on the count of time alone. They compounded the damage with their economic illiteracy that discredited the free market cause. Moreover, their notion of economics served only the Statist Right and prepared the way for Brackistan, Ruddistan, Capital Destruction Day by Carbon Taxes.

The IPA has never defended free markets and never attacked the Left and lousy policies. They have always taken money from shareholders, due to them  steering CEOs and Directors and then abandoning them once the moolah is in the bank. They have never applied the money to things that esnure an effective fight and then encouraged guns to use those things. They also have made sure, with it, no sound alternative advice reached Liberal Party.

It goes without saying, therefore, that they have never even attempted to convince firms they need guns who can fight from within a solid framwork of theory. They have wrecked major causes. This is all why this lot supplied oxygen to the likes of the BCA, AIG, Rudd and his gang of thugs, and hard Left Fronts.

What is needed is a campaign, not bloviating speakers, self-serving articles, smart-aleck commentary, etc., but a hard hitting campaign run by dedicated patriots who know how to defend free market principles and who have the guts to go all the way. Instead we get rubbish like Moore, Bolt, Blair, Evans, Morgan, Berg, Humphries, Greg Lindsay, Kroger, Greg Lindsay, CIS and IPA.

The MP is Mr. Nick Champion, the member for Wakefield (South Australia).

I am referring to the ignoramus alluded to in, Federal Treasurer Mr. Wayne Swann says it is “obscene”, who blamed Hoover for the 1930’s depression. I failed to clarify the statement, because the liar is correct but not for the reasons he stated. Firstly, all recessions are caused by anti-free market monetary policies as practised by Central Banks that have given us the current recession. Gordon Brown has given up all pretence and simply forged pound notes, compounding the damage caused by the UK central Bank, Bank of England, with its monetary expansion ⁽¹⁾ .

Secondly, Hoover compounded the damage wreaked by the US central bank by imposing more anti-free market policies. Central to them was the keynesian consumption fallacy and contrary to the ALP liar, Hoover decreed effective pay rates.

Mr. Champion is an ignorant moron. His background, summarised on the ALP’s website, is telling:

He completed Year 12 at Kapunda High School and worked as a fruit picker and station hand every summer during his high school and university studies.

After completing a Bachelor of Arts at the Salisbury campus of the University of South Australia, he worked as a cleaner, salesman and trolley collector.

In 1994 he joined the Shop Distributive and Allied Employees’ Association and was later employed as an official. While employed at the union, Nick was an organiser, training officer and occupational health & safety officer.

He was the President of the South Australian branch of the ALP in 2005-6 and he has completed a Graduate Diploma in Communication from the University of South Australia.

Prior to his election to federal parliament in 2007, Nick worked as a Sport and Recreation policy adviser for the Rann Government. He lives in Burton in Adelaide’s northern suburbs.

He could be one of the cretins of the Right who pretend to be Liberals and hold a precious Parliamentary seat, but he’s not and this is no relief at all. His great depth in production is fruit picking, shoving shopping trolleys around and then obtaining a lucrative wheeze as a Union thug. This profound depth makes him an expert in production, and so he was appointed an OH&S ’officer’.

It is no coincidence that many OH&S’ officers happen to be professional, wealthy dole bludging Union thugs. But who imposed the wheeze is telling. In Victoria it was Steve Bracks and John Brumby, but the Right reduplicated it Federally. The problem is, OH&S doesn’t make the production line safer, nor products. What it has served is as the proverbial straw that broke the camel’s back. Firms, from small to large scale have been shut down because of OH&S. The closure of the Heinz factory (Dandenong, Victoria), was one spectacular instance.

It is a tax, straight and simple. Just another freedom destroying, property rights usurping, capital destroying tax enforced by police state goons such as Mr. Nick Champion. Anyone who has witnessed them in action, as I have, know this very well indeed, particularly their many victims. This extortion racket is how Mr. Champion has made some of his unearned wealth - some more of it as a Union racketteer, and the rest of it as a lawless crim called a politician.

Champion is no MP and is a champion only of thuggery. He’s only a bloody parasite called a politician and this is what his shining cv equipped him for. Hey, this is why Paul Keating turned to politics. He explained, in an interview for the Australian when he was in office, he wanted to get rich quick without having to work to earn it. It is very lucrative, as Keating’s interests amplifies. His parents were very modest labourers. Keating never held a job that would catapult him onto a high income yield as an entrepreneur. Genuine, rewarding entrepreneurship is an expletive, as it is for the Right. This is what Mr. Nick Champion is in miniature.

To say Mr. Champion lied to Parliament is to assume it was a deliberate act and, on economics, this means the man is learned in economic history. He’s not. His great virtue is that he is a fifth rate dunce. I say, he his well qualified to be a Michael Kroger stick puppet. Kroger can find a way to impose him on the Party that he has done much to destroy, the Liberal Party.

Ignorance in Parliament, however, is no excuse. So, let’s examine what a slimey, little, diseased Leftist, parasite called a Champion said, just to set the record straight. The Hansard record (14/5/02; pp. 69-70):

Mr CHAMPION (Wakefield) (4.49 pm)—This MPI is utterly drenched in denial. It ignores modern economic thought, it ignores the lessons of history and it ignores the international economic situation, just to make an opportunistic political point. It is political deception and it is utterly soaked in snake oil from these riverboat gamblers in the opposition.

These are the worst economic times since the 1930s… Great Depression.

We also know of the mistakes that were made in the 1930s by the Hoover administration and the mistakes that were made in Australia by the Premiers’ Plan, which cut wages and attempted to balance budgets at precisely the wrong time. Conservative governments at that time cut spending and raised taxes in order to balance budgets. That is what they tried to do. Theodore, the Treasurer at the time, was way ahead of anybody in terms of Keynesian economics, but the opposition blocked and delayed as much as they could. All of this led to a collapse in demand, a collapse in revenue, multiple waves of bank failures, a decade of economic contraction and untold human misery. And it was all because of this attitude that the opposition exhibit today. That is why they are out there quoting Herbert Hoover. Could you believe that they were quoting Herbert Hoover? This is what Andrew Mellon, Hoover’s Secretary of the Treasury, said at the time:

“Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. Purge the rottenness from the system …”

Grade this stunning dissertation by a retarded schoolboy. Can’t be done. It doesn’t warrant an F, because it does not even register as the last alphabet letter. This, though, is not the point. The calibre of the pygmy is already given in his cv. He has lied to Parliament and it is an offence.

Lying to Parliament, however, will be the least of his offences. He is party to the genuinely criminal actions Rudd, Swann, Wong, Conroy, Combet, et al, are perpetrating against Australians. The little, dole bludging slob is delivering his support to policies that amount to confiscation of private property on a massive scale, destroying it, and immiserating millions of Australians. Mr. Nick Champion is no mere retarded juvenile delinquent. He has advanced to great things worthy of dictators enslaving their victims.

The little lying, parasitical bastard is in Parliament because of the Right. It shows. The Right did not do what is easy and swift to do; blow the little scumbag’s lies apart. Instead, what sits opposite blew bubbles and then retreated to their greatest debating tactic, the airs of know it alls.

These dunderheads are the equals of the likes of Champion, and does it show. It is why the Liberal Party is lumbered with the likes of Peter Costello and Malcolm Turnbull. To observe, and Turnbull’s great attack on Rudd and Swann’s criminal plan to destroy Australians was only a variation on the plan. The sheer brilliance of it is why the hard Left are rolling in the aisles; uncontrollable hilarty does that to a chap.

The variation resided in few details. One of them is to punish smokers and drinkers. During the day, in Parliament, he glibly asserted, a tax of 3 cents a cigarette will pay for the increase in old age pensions. The lying slobs have already imposed punitive taxes on tabacco and alcohol and Mr. Turnbull’s answer to the Keynesians ‘piss-up’ is to add another 3 cents a cigarette tax and, indeed, more taxes on alcohol. What this means, bye the bye, is that pensioners are given an increase and then the politicians swipe it back by theft called taxes. This is what this very wealthy, conceited prig proposed and how glibly he put it:

No-one will notice a mere 3 cents per unit. Modest Australians will not notice it.

On a packet of 25 cigarettes, that is a slug of 75 cents. Extortionists called politicians forced the price of a pack of 25 to 12 to 13 dollars, and that venal, wealthy, insular slob called a Turnbull says the man in the street won’t notice it, and the pension increase can be paid for by stripping pensioners of the increase by adding more taxes on cigarettes and alcohol. This multi-millionaire, who, as every politician does, enjoys fully taxpayer paid for wine, beer and spirits, is spitting on modest Australians and has promised to reduce the real income of already hard pressed pensioners.

Can’t let modest Australians enjoy some things in life. Good things are the preserve of swindling, unprincipled, thugs such as Rudd and Turnbull and Champion. Turnbull is not only a swine, he is where he is because of the Right.

The Right has a strangle-hold over the Liberal Party. It is not the Liberal Party. It is the Right-wing clique Party. They are all mediocrities, which is why the likes of Turnbull and his deputy Julie Bishop, Helen Kroger, Scott Ryan, Greg Hunt, Peter Costello and many others hold/held seats. It is a most damnable lie to say talent has been promoted, because mediocrities fight hard for two things only, their wallets and to ensure they are not eclipsed by genuine talent.

These ‘bone idle’ parasites are the reason why Rudd is in office and Champion is in Parliament spinning a pack of lies that are easily killed. They are why a pack of little dictators in the making are about to ruin millions of Australians. The worst of it is, the Right’s policies are exactly the same, varying only in details. This is what stands in the name of the Liberal Party! It shows.

Not one of these unprincipled, bone-idle, retarded parasites hit Champion for lying to Parliament. They cannot and will not because they are committed to the same plain, reducing Australians to serfs and making sure they remain bloody slaves so that these spivs can enrich themselves via extortion. They are no better than that retarded, delinquent pygmy called Nick Champion. They are, at bottom, all the same. These are the slimey bastards who hold precious Parliamentary seats. Joy. 

(1) Money Forging: Tudor England, an object lesson in monetary demolition

Funny money gives confidence! Henry VIII must be rolling in his grave with envy.

Next to having been a chip off his old man’s block - a larcenous, ‘let my subjects eat mud’, mass murdering dictator, Henry VIII enthusiastically taxed the English into dire destitution. He had a V.I.P’s. life to keep up.

So dire, the towns refused to receive the King’s tax collectors, and rose in demonstrations. Henry resorted to his tried and true diplomacy policy. He ordered a good dose of butchering disobedient slaves. Sadly, it didn’t solve his diminishing supply of plundered money. A cunning plan was hatched but it wasn’t novel, since tyrants of old were addicted to this wheeze - forging money by debasing coin.

In the 1520’s Henry dictated a large price increase in gold and then minted coin at troy weights less than the nominated weights. Two decades later, he turned to alchemists to convert “unperfect metal” into “perfect metal”. At first, he ordered only a small amount be forged.

Recession sets in long before it becomes visible, and taken with the small quantity of forged coin, Henry got away with it without too much protest. Then again, to protest was an act of suicide. After all, it was a safe bet the King would have a man murdered for daring to be a man.

Henry and his advisers, discovering forgery is a successful way to raise revenue, upped the ante. They set up large scale production of what became known as “Old Copper Nose”. The sobriquet was a double entendre against the forged money and Henry’s fat proboscis stuck on an even fatter face.

The force of what Henry did and its consequences can be explained and predictd by the Austrian school but not by keynesians. It was reflected in, to name a few effects:

1.Consumption rises in a recession. That merchants became wealthier reflects this.

2.Production was dislocated and elimination of malinvestments induced by the phoney money set in. Unemployment rose.

3. Exports of raw agricultural commodities shot up and so did “trade imbalance”.

4. Bankruptcies - remarkable really, given Henries VII and VIII had already done a splendid job ruining many through taxes and ‘regulations’. (Eliminate the names and one could be describing the Left and the Right today.)

Henry VIII nearly succeeded in completing his father’s initiative, destroying England. When he died, he left behind an England on the verge of total collapse, and open to invasion and subjugation. The Rule of Common Law existed only in name, what today is called necessary, ‘regulation’, had undermined it extensively. The disaster reverberated down to Elizabeth I, who certainly did not arrest the rot, but she was a thug too.

The York Kings, based on the slim evidence, upheld an increasingly economically free England. That means, by inference, common law prevailed. A French diplomat wrote of his surprise and mystification at how such a “chaotic people” could yet be so decent and prosperous. He wasn’t simply writing of barons. He was observing modest men and women who had become prosperous.

It is known that under the Yorks, many who before them were condemned to a miserable existence prospered. Thier success is reflected in, for example, the large numbers of townhouses they built. Opulence wasn’t ‘in’; it was a part of life. Great wealth was built by a relatively large number who before Edward and Richard were regarded as no better than smelly oafs. Many of them sent sons to University. This great progress occurred within a single generation.

The Tudors did not “rescue” the English. Though, what father and son, totalitarian thugs, did had the blessing of not the Church Catholic but the Church institutional. This defective addiction to statism afflicts the Church today, as Pope Benedict and Cardinal George Pell have made plain, and the Protestor and Anglican denominations (which are infected with a good dose of the neo-marxist clap for good measure).

Well, the Tudor reign was ‘holy’ and ‘christian’ right up until Henry VIII decided to make himself a Pontiff. Only then did the likes of Fisher and Moore stand up to him.

Hmmm, this is what the major parties in Australia are banging on about, demolishing Australians in the name of rescuing them from all sorts of horrors such as ‘obesity’ and global warming’. Oh, God, we are dead. In the meantime, today’s “copper nose” fabricators are hard at it ‘liquefying’ money, markets, and Australians.

It is, but not for his reasons. It is “obscene” that Rudd and Swann have decided to plunder savings held in superannuation accounts. They have decided to strip and shred billions of dollars more of the savings of millions of Australians, in order to indulge in a destructive and grotesque spending spree.

To put superannuation into perspective, it is not only a scheme by which to save and so build a nest egg for retirement. It is the only scheme available to Australians to avoid some of their savings being savaged by all taxes on capital. Even so, Keating and Costello made sure to tax even super, hard, at more than a few points. In addition, if, for example, you are “deemed” to be putting ”too much into superannuation” in a particular year, you are hit with a punishment tax, on top of all the other taxes levied on super. Then there are regulatory controls dictating terms on many aspects of what is private property imposed by parasites called politicians and bureaucrats:

Noting that Dr. Henry of Treasury is recommending further punishments, which is more than a bit rich coming from a vulgar keynesian of a bureaucrat who will retire on a fully taxpayer kept, untaxed, fully CPI indexed pension that for the man in the street would require saving from very early years in the hope of building up several million dollars worth of capital in order to achieve a retirement income that Dr. Henry will luxuriate on, as also his political masters.

There’s the rub. For the man in the street, superannuation is the only instrument available to protect and build some savings against the full force of all capital taxes. As a matter of fact, super for small entrepreneurs is essential to building their businesses for that reason.

Even without the RBA’s criminal monetary expansion, the fact of the matter is capital taxes, inclusive of regulation, has been strangling investment in Australia to death. It is why, and one has observed it, even small firms have pulled up sticks and relocated capital in overseas countries. Here’s an interesting case:

Australian wine production enjoys an absolute advantage. Contrary to the deadly falsehood of mercantilism that not only the ALP but also the Right is addicted to, it is because of that domestic advantage that wine exports took off. In the 1970’s, Whitlam and his treasurer, that treacherous mongrel called Jim Cairns, wiped out a burgeoning fine cognac production with taxes.

Since the 1980’s, it has been a bipartisan putsch to entirely destroy wine production and this was the original objective of the “Wine Equalisation Tax” and a whole range of additional taxes imposed not under an ALP Cabinet, but under Right-wingers who dominated the Howard Cabinet, including a mendacious ignoramus called Peter Costello.

Readers can guess what has been happening for a some years now. That’s right. Production is shifting to Chile, USA, Brazil and, it is hard to credit but it is true, China. The politicians have caused great damage to production in Australia, wiping out the tremendous advantages of production in Australia.

It has been very irritating listening to Federal “Trade Ministers” boasting of how they helped build wine exports, when that is a damned lie. We are talking about some of the many dumbkopfs who have wrecked the Liberal Party and are responsible, with their advisers - including the CIS and IPA, for flinging Rudd and his gang of economic vandals into office.

Of course, superannuation becomes somewhat hypothetical. Rudd, fully supported by Greg Lindsay and the CIS, will wipe out Australians in one blow. That blow is carbon taxation.

I noted that Andrew Bolt, who has used the Herald Sun pages to run propaganda for one type of carbon tax, ethanol production, came out this week on radio boosting another carbon tax, nuclear energy. Recollect that Lindsay and his CIS are pushing for the destruction of efficient coal based energy production so that his pals, Ron Walker, Hugh Morgan, the Yates, and others, can makes themselves wealthy from ‘carbon credits’ and a nuclear power plant. Well, Bolt, who as typical of the Right snears at modest Australians, is Michael Kroger’s pet toad stool. These bastards have wrecked the Liberal Party, betrayed companies, and sold out Australians to enrich themselves.

These putrid parasites, Lindsay, CIS, with some support from IPA (notably Professor Sinclair Davidson with his fellow Professorial dullard, Chris Berg), are supporting Rudd from the same motive and they still have the hide to call themselves free market warriors and Liberals. The only fighting this lot have engaged in is a desperate grab for shareholders’ funds and stuffing the ill-gotten proceeds into their fat wallets while smearing genuine Liberals. What is wrong with CEOs! What on earth are they on, happily agreeing to defraud shareholders in order to enrich a pack of idle liars!

This is what Swann said:

Mr Swan said yesterday he’d removed “obscenities” by halving salary sacrifice arrangements to $50,000 for those aged 50 or more and to $25,000 for younger workers.

It’s obscene to save! He reinforced it with a blatant lie:

He said the arrangements had mainly benefited people on about $220,000 a year.

It is a lie. There are in fact many, very large numbers of modest earners who are prudent and have been saving hard and have thus “benefited”. Then there are entrepreneurs trying to build capital in their firms. Then there is the savagery of using envy to whip up support for the large scale theft and destruction of capital which their scheme amounts to. The obscenities are Rudd, Swann, Garrett, Penny Wong, and the rest of the raving, psychopathic morons that constitute the Cabinet.

The estimate of how much will be stolen from modest Australians by Rudd and Swann, according to financial reports, is in the billions per annum. These two, wealthy, totalitarian bent parasites would deliberately make not a few Australians destitute, but very many (carbon taxation will do this on a grand scale) so they can enjoy playing at being nothing more than a pair of crims who put the mafia to shame, on a shopping spree like a pair of viscious, geriatric fishwives.

They and their ‘colleagues’ have proceeded to parrot lies told by diseased leftists. In Parliament today, one of their number stood up in ‘debate’ and declared, roughly:

‘In contrast to the Opposition, we have learned the lessons of history and follow modern economic theory’.

Could someone who is acquainted with Mr. Jackson of Brookesnews inform him, but wait until tomorrow, when I shall have the passage from Hansard up and the name of the moron who asserted it splashed in bold, as a headline. He descended into further idiotic, leftist lies:

He blamed the 1930’s depression on Hooever. Note, the ALP is relying on the lie - this is the worst recession since then, in order to excuse their criminal schemes to bankrupt and totally ruin Australians. Rather than rebut this myself, let’s defer to someone who is an economist and has wrapped it up in, eg.:

Why Obanomics = Hoovernomics

The lesson of the 1930s that Obama refuses to learn

Who said this,

Two courses were open to us. We might have done nothing. That would have been utter ruin. Instead, we met the situation with proposals… the most gigantic program of economic defense and counterattack ever evolved…

Hoover, Rudd, or Swann?

Allowing for a few details, all three.

Hoover’s policies were anti-free market, were destructive, and paved the way for the fascist administration of FDR, who poured millions of more bodies onto the stinking heap of the immiserated. Rudd and Swann have to create their own bonfire of stinking serfs, as in; anything that Hoover and FDR could do to modest types, they can excel at. No wonder Rudd was dancing for joy in the Prime Minister’s office; little dictators seem to enjoy such infantile pleasures while burning the smelly masses.

What is monstrous is listening to what sits in the name of the Liberal Party and their ally the bush whacking socialist National Party. Dreadful. Readers, imagine a puffer fish blowing bubbles, having been pulled out of the water. This lot are so clueless that that is all that they do, blow bubbles. 

Their only objection to the Rudd and Swann plan they consistently put, bye they bye, is only the amount of the spending spree, not the fact of it. This lot reckon they are economic geniuses. Needless to say, no one from the Right could get up and refute the ignoramus on economic history, just as they have never been able to explode any other fallacy, misconception, and lie, and what is attached to them, bad policies.

After all, this lot completely stuffed up the case for labour market reform. So did their staff advisers, and the clowns they relied on as their expert labour market economics advisers, the HR Nicholls Society (noting the CIS and IPA showed a clean pair of heels as clowns and buffoons in that cause too).

Von Mises nailed a crucial point. Statism can lead to socialism, to absolutism, but not necessarily, it is not inevitable. The Right in Australia are not only economic illiterates, they are also statists. A measure of their calibre is:

The clowns have not even heard of the German economic miracle. Neither do they have a clue about another economic miracle, South Korea, after the Korean War.

So, readers can be assured they are complete voids on what Mussolini and his thugs did to the Italians. The Right put the Rudd cabinet into office, and it is a fascist regime with knobs on. It will succeed in turning a mere recession into a devestating catastrophe that, in ruining Australians, will also put them into even greater dangers.

I’ve said it before and I say it again and I am sticking to it, the Right and the Left are worse than scary. They are not fit to be even shoe-shine boys and girls and yet they sit in Parliament. They are bags full of shit.

NB

Being economic ignoramuses, the Left and the Right, naturally, capital theory smacks to them, at best of heresy. It is amplified by the IPA and CIS, whose treatment of capital is worse then vulgar. The only notion of capital these bludgers have is the city type capital.

The CIS and IPA know where Canberra is, because that is where politicians reside. It is important, in their economic grip, to know these two great economic theorems because they have to make their way to Canberra so that politicians can transfer funds taken from long suffering real taxpayers into their bank vaults under the accounting euphemism called, consulting fees.

The best thing for politicians to do in recession is nothing. Recessions are always caused by central banks monetary expansion - this causes the ‘boom bust cycle’ or to use the other tag, the ‘business cycle’. Last week, I listened to a trader of a certain firm concerning the economic outlook, in anticipation of Rudd and Swann’s budget.

The man, who is highly regarded as a trader and portfolio manager, should stick to his day job. He showed himself in the first sentence to be nothing more than a vulgar keynesian. Further, he asserted why Rudd’s spending spree “is necessary”. His reason was transparent, the consumption fallacy. Here is a man who works in capital markets and it doesn’t jog with him even the glaring contradiction, if consumption drives growth, then what is the point to financial markets.

Needless to say, he asserted the “dual economy”, a pet notion of the commentariat, and clowns pretending to be economists that also stuff the clubrooms of the IPA and CIS. He declared financial markets are “dislocated”, have not responded as the real economy (production) has to the recession. Well he is not a-typical in failing to observe several deadly points:

- Financial markets and production are inseparable. Eliminate the second and the first cannot exist. 

- The recession, of which the financial market fall last year was a late symptom, is not a free market phenomenon or, to follow the trader, not due to financial markets. It was due to the anti-free market policies of central banks.

- Central Banks are continuing to damage markets.

- The regulatory burdens being imposed are strangling them.

- The larcenous, destructive policies of Rudd, Obama and Gordon are causing great damage. Carbon taxation alone is causing tremendous destruction of capital, as the failure of firms hit by them and the tumbling prices of shares in firms yet to be hit by them shows.

The trading economics guru does not perceive those obvious, transparent contradictions. What does he believe shares and other instruments are for? Betting slips, instead of capital raising? Does he honestly believe investors will sink funds into firms when Rudd is about to wipe them out?

The share market correction hit last year. Certainly central banks can cause more damage. It has not registered with such types that carbon taxation, and the other lousy policies of Rudd, Obama, and Brown are not only anti-free market policies also, but that they are driving the markets into the gutters and so, naturally, Australians, British, and Americans.  

The trader sounded like a sales man for Rudd and Swann, or a propagandist using a megaphone shouting down to the audience: “This is good for you because Chairman Rudd says so.” Greater regulatory control over financial markets is necessary, he yammered.

It never occurred to him that they have been exhaustively regulated for some decades now and, therefore, to follow him, the recession should not have occurred. Yet, he is not alone. The banks have media pr seeking vulgar keynesians as their expert economists too, and they are just as hot.

The chump is on the same wave length as Helen Ridout of the Business Council of Australia and her fellow inmates, no brains at all. Helen Ridout and the rest of the BCA have not followed the force of the data on manufacturing, and have, frankly, pushed for policies under both Costello and Rudd that destroys investment and strangles firms to death. I boggle as to what drugs heads of companies are on to prop up the likes of the BCA, IPA, and CIS.

Some comments on the “Federal Budget”

GDP is very misleading at best. It does not measure the crucial data, total spending, which disaggregated shows business spending is 2/3 of spending. The importance of this is; it is a piece of evidence attesting the consumption assumption false. It is savings which drives growth. All government spending is consumption only. It is not investment, it is dictated consumption, spending sprees dictated by politicians, instead of consumers deciding what they will have (can’t have that, uppity serfs deciding what is good for them).

Local Councils , States’ Govts. Fed. Govt. have indulged in massive increases in consumption. This is destruction of savings of Australians, swallowing their savings.

I also notice this from the “budget”:

“Three million “lost super” accounts to be transferred to the tax office. “

Those accounts are not ‘lost’. They are private property, and Cabinet has decided to seize them, to fund their squander! Why isn’t this called for what it is, crime and on a large scale.

Those accounts are not ‘lost’. They are private property, and Cabinet has decided to seize them. Why isn’t this called for what it is, crime and on a large scale. This is not lawful. Neither is the retention of the stolen proceeds via the alcohol (alcopops) tax. Having collected over a billion dollars without any lawful authority whatsoever, what is the Right’s response? Nothing to disturb a mouse. The Right and their advisers, inclusive of the IPA and CIS, see nothing wrong in lawlessness, paricularly if it is they and not Rudd and Co who indulge. 

Besides, they won’t bark because of what they did in Victoria Cabinet and the Federal Cabinet, but then they are a pack of unprincipled, lying, venal, gutless, self promoting parasites, who hold to one thing only, contempt for the modest man. So, Rudd and Cabinet engages in a serious criminal offence, and is about to commit another - stealing untold millions (the not ‘lost accounts’ are estimated to, if stolen, to deliver to Cabinet hundreds of millions of dollars per annum), and the cowards on the Right refuse to do their oath sworn duty to Australians.

I have an anecdote, bye the bye, which draws out not only what past ALP administrations, but the Right too have done with the ATO, turned it into a secret police state force. No, that is the case. These are not public servants. They are club wielding, jackbooted gangsters. Peter Costello himself did much to turn the ATO into a nasty goon squad. If there was any justice, the seniors in the ATO would be sacked, and replaced by those who know the meaning of the rule of law and there place, and the responsible Ministers flogged ( I mean it).

[We have reached the stage of public servants now holding the same view of themselves as the politicians -masters, and taxpayers their serfs who can be beaten into bloody pulps if they defy secret police state orders. Bracks and Brumby, however, made a distinct contribution with their blatant descent into lawlessness and police state thuggery - but this was made possible by the Right through the Kennett Cabinet -these ignoramuses and their advisers, of whom IPA and CIS were the lead advisers, laid the foundations for Brackistan.]

The Senate has just ‘voted’ to ‘retain’ the alcohol tax proceeds. This does not make it lawful. These good for nothing slobs evidently believe so long as they pass another decree through the Senate, serious criminal action by Cabinet, the ATO, and Parliament is suddenly rendered lawful. These slobs assume diktat is the rule of law. To correct these idle liars, it is not the rule of law, it is the rule of little fat dictators. This is what these scumbags are, and they are scumbags - divided into parties - the deranged, totalitarian Greens, the Senate wing of the Michael Kroger-Peter Costello Party - inbred cretins killing the Liberal Party stone dead (Kroger’s pet monkeys are a standing joke -listening to them gibbering away is chilling. As predicted, each time Helen Kroger opens her mouth, she increases the polar ice-cap by miles deep solid ice). The fascist ALP thugs. This is the Senate.

Note that cutting the limits on super contributions and increasing taxes on super is also confiscation of capital so that Rudd and Swann can enjoy a super shopping strip trip.

Pensions: PAYE was raised as a WWII measure to pay for that war. Politicians refused to rescind it. Instead, they held out the carrot, all Australians will be paid a pension, irrespective of circumstances. Those who lived through the war are being cheated as PAYE taxes and other taxes are swallowed up in monumental spending sprees, before further monetary expansion (which is also a tax) to cover some fraction of this grand spending spree, and the impact on production it will inevitably cause. Mind, the trader sees nothing wrong with more money forging by central banks, because he doesn’t have a clue as to why it is criminal. As he explained, Rudd’s budget will ensure the ‘business cycle’ remains ‘healthy (believe me, readers, the urge to heave a brick at the ignoramus was strong).  The pensioners are condemned to an extra $10 week while Rudd and Swann consume what is required to support even that miserable allocation, capital.

Mind, the Liberals, the media commentariat, Glenn Stevens, and the likes of the IPA and CIS being the unprincipled, spinelesse economic illiterates that they are, gave us the Rudd Cabinet.

This is not the worst recession since the Great Depression, It might be since the 1980’s-early 1990’s recession. But lousy, capital destroying policies can convert it into a very nasty time. Carbon taxation will ensure capital is wiped out and this means Australians will be immiserated. No iff and buts; it will be the upshot.

As it is, the man in the street knows what the force of the “Budget” is, as they are shouting out their irritation, the confiscation and destruction of their savings. They are very worried about their super nest eggs and any other nest egg they have strived to build.

The recession was predicted by TNA and its successor, Brookesnews, in the 1980’s and early 1990’s. In 1994, Brookesnews also predicted when one of the last symptoms of recession would occur, the market bubble bursting, to the year - 2008. The early, major symptom is contraction and elimination of malinvestments in manufacturing first, long before stock markets enter swift correction. On the available, secure data, it is now entering the 18th straight month of contraction. 

What is telling is the media commentariat is undoubtedly fully apprised of the work of Brookesnews but deliberately lie to the public through newspapers and broadcasters, asserting the recession wasn’t and could not be predicted. If any of them should feel ashamed of this abnegation of a journalist’s duty to publish the truth it should be Terry McCrann. I certainly don’t expect diseased Leftists to tell the truth in the media. The Right have no excuse for lying to Australians

The commentariat, and vulgar keynesians did not predict it and then spot it because their economic grip is feeble and rooted in fallacies. They have all the grip of feeble bed wetters, whose reach is constrained to the fallacies ground into undergraduates. Consequently, they continue to babble on about the recession only to the joy of Rudd and Swann. Those intellectual giants of the IPA and CIS, such as Nicholas Gruen and Professor Sinclair Davidson (he is yet to figure out the meaning of the Laffer Curve and to do the impossible and show why the inverse of the J curve is false) typify the dismal calibre of ‘mainstream economics analysis and commentary’. Fine, sterling tributes to the Universities, and their grand effort to dumb down Australians.

I end with a quote from a distingished gentleman which pins the dangers the politicians, Right and Left, are bent on exposing Australians too, which Rudd’s Grand Piss UP hastens:

Austria was successful in pushing through policies which are popular all over the world. Austria has most impressive records in five lines: she increased public expenditures, she increased wages, she increased social benefits, she increased bank credits, she increased consumption. After all those achievements she was on the verge of ruin. (Fritz Machlup, The Consumption of Capital in Austria, Review of Economic Statistics, II, 1935, p. 19).

All so unnecessary. Rudd recently smirked, on another matter, ‘all good things must come to an end”. This is on a par with one of Tiny Tim Blair’s brilliant one line defences of free markets, busts is the pain you have to wear for the good times. No, and no. The pain and misery that Rudd and Swann are but to deal out is deliberate, and it is criminal but Rudd and Swann are about to abuse Australians because of the Right and their intellectual fraud, inclusive of Peter Costello  and the result of their anti-free market garbage, destructive policies that have, bluntly but truly put, paved the way for the fascist Rudd Cabinet. 

Yes, that is what Rudd is engaged in, and just as Bracks’ actions when Premier against Victorians, what he u will be guilty of is anti-Christian and since he is Catholic, let him be in now doubt, it is contrary to the creed of the Church. The policies Rudd is ramming down are anti-Catholic. This is important because Rudd believes he is a Catholic in good Catholic faith, and something of a theologian. On the second account, his theological grip is also non existent, which his inane statements  shows. The also, in regard to faith and doctrine of the Church, border on  blasphemy and heresy  - and his comments on that disgusting insult to the victims of the Bracks-Brumby Cabinets’ caused fire-storms were definitely both.

Rudd shows so many qualities that stamp the Right, and self-centred, wealthy, ignorant slob of a brat who believes it his and his Cabinet’s right to dispose of the lives of Australia and all for the National Socialist lie that Rudd euphemistically calls “Nation Building”. The correct name is fascism. The Right are responsible for the lying, anti-Christian, little bastard who has a dictator complex mixed with pathologically violent tendencies and he is venting them on Australians .

Apologies, many apologies for the silence. It’s been a trying few weeks, not helped by someone close enjoying another bout of cancer and an op. to eradicate it.

It is the day to resume, with the budgets of the lying, idiot thugs in Spring Street and Canberra  led by Brumby and Rudd having handed down their budgets. No doubt the demand for help from Jeff Kennett’s “beyond Blue” has increase, and will shoot off the scale when Rudd’s carbon taxes are imposed.

Well, someone has managed to find a silver lining in the keynesian black cloud: Rudd. He has added 6o odd bodies to his Prime Ministerial Staff. Oh well, what the heck, the species of parasite called politician gave themselves a pay increase through in creasing the wheeze of electorate allowances. As Senator Sherry (ALP explained it), they needed it so they can purchase lottery tickets in local fetes and prizes to hand out to electorates, to shout drinks for peasants. Funnily enough, these are the sort of enjoyments,playing Santa Clause, the modest man has to pay for out of his own damned pocket, and how Rudd, Brumby and their Treasurers have demanded their pockets.

The real, taxpayer kept pay of politicians is far greater then these mendacious cretins admit. Then add on the taxpayer kept, untaxed, fully CPI adjusted parliamentary pensions these bums collect and, they are on a screw to make the modest man more than envious. In return, they cheat Australians and tax them into the ground. Local Council politicians too, who have been busy increasing their burdens too. A pack of extortionists who put the Mafia to shame. After all, the Mafia know that a successful extortion racket is one that does not kill geese whose golden eggs they steal.

Australian politicians and their advisers, including the CIS and IPA,believe dead geese will still produce gold. The advisers are very familiar with the racket, as they enjoy receiving ‘consulting fees’ courtesy of politicians robbing taxpayers and diverting some of the ill-gotten proceeds into their bank vaults.

Wealthy parasites bleeding Australians to death. It is all that they are, wealth killing parasites.