By Andrew Mackinnon
Non-white immigration into Australia causes an increase in demand as non-white immigrants bring their existing wealth to Australia or borrow from the banks to increase their purchasing power and increase the money supply in Australia, since banks in Australia create money out of nothing when they lend.
This increase in demand and subsequent increase in the money supply in Australia causes inflation of the prices of goods and services.
By Andrew Mackinnon
Last updated: 16th December, 2022
“The Jewish people as a whole will be its own messiah. It will attain world dominion by the dissolution of other races, by the abolition of frontiers, the annihilation of monarchy, and by the establishment of a world republic in which the Jews will everywhere exercise the privilege of citizenship. In this New World Order the children of Israel will furnish all the leaders without encountering opposition. The governments of the different peoples forming the world republic will fall without difficulty into the hands of the Jews. It will then be possible for the Jewish rulers to abolish private property, and everywhere to make use of the resources of the state. Thus will the promise of the Talmud be fulfilled, in which it is said that when the messianic time is come, the Jews will have all the property of the whole world in their hands.”
By Andrew Mackinnon
The resources in Australia, such as coal, iron ore and natural gas, are owned by the Australian federal government on behalf of Australian citizens, not the mining companies which extract them.
The ownership of these resources by the Australian federal government on behalf of Australian citizens is a separate concept from the cost of mining companies extracting these resources, which cannot be avoided if these resources are going to be utilised.
By Andrew Mackinnon
Last updated: 11th August, 2022
Short selling is the practice of borrowing an asset, such as a share in a company, selling it, receiving the proceeds of that sale, buying it back, preferably at a lower price in order to make a profit from selling high and buying low, and then returning it to its owner.
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.
By Andrew Mackinnon
The Australian federal government debt is currently around $985 billion, resulting in the Australian federal government making interest payments on it out of Australian federal government taxation revenue amounting to a maximum of around $50 billion per year, placing immense pressure on the Australian federal budget. At some point, principal repayments must also be made out of taxation revenue.
I believe that at least one third of this Australian federal government debt and possibly much more is owed to the Reserve Bank of Australia and is therefore not legitimate debt that obligates the Australian federal government to make interest payments on it or principal repayments of it.
By Andrew Mackinnon
Q: What do you get when the Australian Treasurer, John Howard, for more than 5 years from 19th November, 1977 to 11th March, 1983, holds no qualifications in economics but holds a Bachelor of Law from the University of Sydney in New South Wales?
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.
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.
By Andrew Mackinnon
Last updated: 18th February, 2023
High house prices in Australia are caused by…
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.
Comment from Andrew Mackinnon on this article:
Last updated: 7th November, 2022
By Andrew Mackinnon
Last updated: 3rd January, 2022
The Goods & Services Tax (GST) in Australia is double taxation of income on which income tax has already been paid. The government wasn’t satisfied with the income tax that citizens paid on their earnings. It wanted more. So, on 1st July, 2000, it introduced the GST to tax the income that the citizenry have left after they’ve already paid income tax. This is an attack on the property rights of the citizenry over the income that they earn. The citizenry earn income and are obligated to pay income tax to the government to fund their common needs. One would hope that they have property rights over their remaining income, but no! The government wants more and the citizenry are on the hook for 1/11 in GST of all of the goods and services they purchase with their after-tax income.