A Social Credit Angle on Banking, Budgets and Financial Propaganda

 In 2009 the national debt was $101 000 000 000. By April this year it had blown out to $551 000 000 000 with an annual interest bill of about $16 000 000 000 to come out of taxation or more interest bearing finance. The interest alone works out to about $672 for every person in this country or $2500 for a family of four. And there seems no letup in sight. Australia’s debt ceiling is projected to climb to $600 000 000 000 - what a dumb set of numbers.

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Bullshit

    Literally speaking bullshit is a rather useful material. In the hands of someone who knows what to do with it bullshit can be placed in beneficial association with other materials to be cooked down to a humus rich environment perfectly conducive to the proliferation of beneficial soil life. If you are a food producer, then it is worth your while to pay careful attention in its treatment so you might increase your productivity. As Alex Podolinsky said ‘the cow is an extremely important animal’, a good part of that observation being attributable to the quality of bulls’ shit. Besides being great for soil health you can cook with it, turn it into electricity, or, in a pinch, build a house with it. It is an appreciation of its usefulness that is in large part responsible for the cow’s sacredness amongst a considerable proportion of the world’s population.

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The Death Pledge

   You should probably know that the literal meaning of mortgage is ‘death pledge’. According to the Australian debt clock we owe 1,647,386,800,000 dollars to banks as housing debt. It's about 90% of all household debt in this country and it is accumulating faster than GDP. In its March 2017 Monetary Policy Meeting the Reserve Bank noted that household debt was rising faster than household income.

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Credit Ratings and the People's Wealth

   This week Scott Morrison warned that unless the federal government can find 13.2 billion dollars in savings by the release of the May budget then Australia risks losing its AAA credit rating.

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The Puzzle

  The world in which we live can be a strange and incoherent puzzle.

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