Tag Archives: economics

Ten-year plan to repay all Australian federal, state and territorial government debt…

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By Andrew Mackinnon

Last updated: 2nd October, 2023

Unfortunately, Jewish (i.e. Edomitish) adherents of the Rothschilds-led synagogue of Satan (i.e. Satanists), like Scott Morrison, Joshua Frydenberg, Daniel Andrews and Gladys Berejiklian, have been deliberately increasing Australian federal, state and territorial government debt, in order to obligate white, Australian citizens to onerously pay interest on this debt out of their taxes to the Jewish (i.e. Edomitish) adherents of the Rothschilds-led synagogue of Satan (i.e. Satanists) to whom this debt is owed as bondholders. Read more...

The purpose of non-white immigration into Canada is to cause financial hardship for white Canadian citizens and diminish their quality of life.

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By Andrew Mackinnon

This is what happens in Canada when the population of Canada increases as a result of the Government of Canada allowing non-white immigration into Canada:

> Demand for renting residential property (i.e. houses and apartments) increases, thereby causing rents for residential property to increase. Read more...

The purpose of non-white immigration into the United Kingdom is to cause financial hardship for white citizens of the United Kingdom and diminish their quality of life.

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By Andrew Mackinnon

This is what happens in the United Kingdom (UK) when the population of the UK increases as a result of the Government of the United Kingdom allowing non-white immigration into the UK:

> Demand for renting residential property (i.e. houses and apartments) increases, thereby causing rents for residential property to increase. Read more...

The purpose of non-white immigration into the United States of America is to cause financial hardship for white United States citizens and diminish their quality of life.

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By Andrew Mackinnon

This is what happens in the United States of America (USA) when the population of the USA increases as a result of the United States federal government allowing non-white immigration into the USA:

> Demand for renting residential property (i.e. houses and apartments) increases, thereby causing rents for residential property to increase. Read more...

The purpose of non-white immigration into Australia is to cause financial hardship for white Australian citizens and diminish their quality of life.

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By Andrew Mackinnon

This is what happens in Australia when the population of Australia increases as a result of the Australian federal government allowing non-white immigration into Australia:

> Demand for renting residential property (i.e. houses and apartments) increases, thereby causing rents for residential property to increase. Read more...

The Bank of England has admitted that commercial banks create money out of nothing when they lend at interest.

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By Andrew Mackinnon

The Bank of England came out in 2014 and admitted that privately-owned, commercial banks create money out of nothing when they lend to citizens, (non-citizens,) businesses and not-for-profit entities and impose an obligation on them to pay interest on this money created out of nothing:

bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy Read more...

Non-white immigration ultimately leads to a decrease in economic activity in Australia, not an increase in economic activity in Australia…

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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 assets (e.g. housing), goods and services. Read more...

Crypto-Jews (i.e. crypto-Edomites)…

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By Andrew Mackinnon

Last updated: 12th April, 2023

“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.” Read more...

The resources in Australia are owned by Australian citizens, not the mining companies which extract them.

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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. Read more...

Short selling in the financial markets should be banned.

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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. Read more...

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

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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...

The portion of the Australian federal government debt owed to the Reserve Bank of Australia is not legitimate debt.

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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. Read more...

What do you get when the Australian Treasurer is a traitor?

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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?

en.wikipedia.org/wiki/John_Howard Read more...

How to create jobs in Australia…

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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…

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By Andrew Mackinnon

Last updated: 14th April, 2023

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...

This is why the Australian economy is not working…

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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...

Buying a house is not the only major milestone Australians are delaying

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smh.com.au/national/buying-a-house-is-not-the-only-major-milestone-australians-are-delaying-20191129-p53fjb.html

Comment from Andrew Mackinnon on this article:

Last updated: 16th August, 2023 Read more...

The only tax should be income tax.

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By Andrew Mackinnon

Last updated: 9th September, 2023

The Goods & Services Tax (GST) in Australia constitutes double taxation of income on which income tax has already been paid.  The Australian federal 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 (i.e. 10/110) of all of the goods and services they purchase with their after-tax income. Read more...