Franklin Delano Roosevelt once stated If something happens in the world of politics, you can be sure it was made to happen.
And using the Legislation of Australia against itself has certainly provided us with The recession we had to have!
Australia now holds the dubious record of having the highest debt per capita in the world.
Our Foreign Debt really took off in 1983 following the De-regulation of the Australian Economy by the Hawke - Keating Government.
The legislations to implement the debt conditions on behalf of the International Banking cartels are many.
Before the 1983 De-regulation of banking, the Banking Act of 1959 applied in Australia.
It reads ... It is the duty of the board, within the limits of its powers, to ensure that the monetary policy of the Bank is directed to the greatest advantage of the people of Australia and that the powers of the Bank under this Act, the Banking Act 1959 and the regulations under that Act are exercised in such a manner as, in th opinion of the Board, will best contribute to the stability of the currency of Australia; the maintenance of full employment in Australia; and the economic prosperity and welfare of the people of Australia.
The abolition of these benefits to Australia are contrare to Section 51 of the Constitution.
The Lima Declaration is often misquoted as being signed on behalf of Australia, this is not so, because it was a Declaration, it did not require a signature.
The basic thrust of the Lima Declaration was to transfer at least 25% of Industry to the Third World by the year 2000, a goal that is certainly on target judging by the transfer of Australian Manufacturing offshore.
The Lima Declaration also introduced the NIEO which is detailed next.
The most damaging legislation is possibly the New International Economic Order [NIEO] which originated in the post war Moscow Economic Conference of 1952.
Australia was committed to the NIEO in 1975 by Senator Willessee, the Foreign Minister of the Whitlam Government, strangely, the Parliamentary inquiry came 4 years after acceptance in 1979, the NIEO inquiry was held under the secrecy of a D Notice
At the same time Treasurer Howard instigated the Campbell Inquiry of 3 years duration
Treasurer Keating followed up with the Martin Inquiry [Campbell Mk2] to finalise the steps required to implement the requirements of the International Finance cartels as per the 1952 Moscow conference.
The NIEO has completely exposed the once safe Australian Economic System to the vagaries of the World Monetary System with the deregulation of the Banking System.
Equally damaging would have to be the INTERNATIONAL TAX AGREEMENTS ACT 1953, commonly referred to as the Double Taxation Bill which permits Foreign Investment to negate the payment of Tax in Australia.
It was bitterly opposed at inception by Mr Clyde Cameron and Mr Bruce, [ref Hansard 26 Nov 1953 p601 Representatives]
The purpose of the legislation is to make a gift to people who have invested money in Australia.
and
Some persons believe that if we invite British or American capital into Australia, we also invite economic domination.
and
...regarded the agreement as being an act of treachery against the interests of Australia.
And of course there are many other treaties and agreements have have been implemented into Australian Legislation that have beggared the Nation via GATT, Codex, APEC, WTO, Hilmer's National Competition Policy, MAI, MIGA, and of course the numerous United Nations agreements.
There are also numerous Legislations pertaining to Banking that have undermined the Nation, just as there have been Bills thwarted that would have worked for the Nation.
And of course the major beneficiaries of our treacherous legislations are what is known collectively as the Money Power.
