There is no need for banks in Australia to charge interest on the money they create when they lend.

By Andrew Mackinnon

Last updated: 1st July, 2022

When any bank in Australia lends for any purpose, it creates the money that it lends out of nothing and charges interest on it, which causes the size of the money supply in Australia to increase by the amount of principal loaned. Read more...

How to create jobs in Australia…

By Andrew Mackinnon

Last updated: 24th November, 2021

The way to create jobs in Australia is not for the Australian government to predominantly spend billions of dollars on infrastructure projects, thereby creating a disproportionately small number of constructions jobs and associated administration, accounting, management and other jobs, while delivering excessive and undeserved super profits to the entities which deliver the infrastructure projects, such as Australian companies, all at the expense of taxpaying Australian citizens. Read more...

Non-exhaustive list of issues that need to be addressed in Australia…

By Andrew Mackinnon

Last updated: 3rd January, 2022

Australian Prime Minister Scott Morrison, Queensland Premier Annastacia Palaszczuk, New South Wales Premier Gladys Berejiklian and Victoria Premier Daniel Andrews have all lost the confidence of the Australian citizens who they govern.It’s only a matter of time before they’re all replaced. Read more...

High house prices in Australia are caused by…

By Andrew Mackinnon

High house prices in Australia are caused by:

> bank lending to property investors for investment properties, which should be banned. This includes bank lending to property investors who are also using their superannuation in order to fund part of the purchase price of their investment properties. The very definition of investment entails purchasing an asset out of savings. No bank in Australia should be allowed to lend for the purpose of the borrower purchasing an asset for investment with the objective of making a capital gain over time, such as real estate, shares, precious metals, coins, antiques or art. Borrowing for such a purchase is not investment. It’s speculation. However, if such a purchase is financed out of existing savings, rather than borrowings, then it can correctly be called an “investment”. Read more...

Jewish people are descendants of Esau and the Edomites.

By Andrew Mackinnon

Last updated: 3rd July, 2022

The people around the world calling themselves “Jews” are descendants of Esau, the son of Isaac who forfeited the blessing of God to his younger brother, Jacob. Descendants of Esau are known as “Edomites” in the Old Testament (Genesis 36:43, the Bible). Read more...

This is why the Australian economy isn’t working…

By Andrew Mackinnon

Last updated: 1st July, 2022

The economy in Australia was going very badly last year before the bushfires started that the government lit to distract attention away from the failing economy and before the latest Coronavirus hysteria to provide a scapegoat onto which to project the blame for the failing economies all around the world.  In Australia, the banks create money when they lend and then charge interest on it. This is the same in most countries around the world. However, the citizenry is waking up to this scam and is therefore reluctant to borrow from the banks. This has caused the size of the money supply in Australia to decrease since money is created when the banks lend and since money is destroyed when principal lent by the banks is repaid. As a result, there is insufficient money in circulation to support economic activity in Australia.  This is why the economy is languishing. Read more...