Debt is the inevitable result when one is conducting economics at a loss, the debt of a nation under Economic Conquest is vastly different to personal debt because conditions have been arranged to make the debt unpayable and also compounding.
Every possible means of engulfing Australia in Debt has been implemented, from ensuring that Private Banking dominates, to elimination of homegrown Industry and Farming, also squander of public monies on frivolous pursuits, and increasing borrowing to gift to other Nations as Foreign Aid, also the never ending expensive consultancies for any proposed projects.
In the case of Australia, the very means of paying debt have been removed by Privatisations and Foreign Takeovers, or, Australia has not only sold the farm, but we have also surrendered any means of ever buying the farm back.
The Brotherhood of International Banking has done a very thorough job of engulfing or enslaving the World inDebt, according to the CIA Factbook of 1995, the only countries that are free of Debt are Brunei, Hong Kong, the Netherlands, and the Polynesian island of Tokelau.
The insidious nature of Debt is exposed here by William Cobbett [1762-1835] who has analysed the Bank Charter Act that assisted the Bank of England:
I set to work to read the Act of Parliament by which the Bank of England was created, and all the Acts about loans, and funds, and dividends, and paying off, and sinking funds, and I soon began to perceive that the fate of the kingdom must finally turn upon what should be done with regard to the accursed thing called the National Debt.
I saw how it had beggared and degraded the country. The sum at first borrowed was a mere trifle. It deceived by its seeming insignificance.
But it was very far from being intended to stop with that trifle.
The inventors knew well what they were about.
Their design was to mortgage, by degrees, the whole country, all the lands, all the houses, and all other property, and even all labour, to those who would lend their money to the state.
The scheme, the crafty, the cunning, the deep scheme, has from its ominous birth been breeding usurers of every description, feeding and fattening on the vitals of the country, 'till it has produced what the world never saw before...starvation in the midst of abundance.
There is little difference with William Cobbett's summation of England and what has happened to Australia 2 centuries later.
The same insidious methods of Debt implementation have beggared the Nation to the point of selling off our very means of existence in a futile attempt to stem the ever rising mire of Debt.
Of course the enforcing of Debt on a Nation is an easy task with a complicit or controlled Government to make Legislation to favour the Banking Brotherhood.
