||Issue No. 168||28 February 2003|
Interview: Agenda 2003
Peace: The Colour Purple
Industrial: Long, Hot Summer
Solidarity: Workers Against War
Security: Howard And The Hoodlums
International: Industrial Warfare
History: Unions and the Vietnam War
Review: Eight Miles to Mowtown
Poetry: Return To Sender
Satire: CIA Recruits New Intake of Future Enemies
Unions Target March 14 For Peace
Neanderthals Roll Back Safeguards
Warning As Barrier Council Turns 80
Faint Praise for Labor Education Stand
The Locker Room
More Talk Needed on War
Labor Council of NSW
Letters to the Editor
Johnny Goes Marching Off
Regarding John Howard, his support for a war with Iraq,
and his critisism of those who are against war.
The first thing to grasp, is that the American economy is bankrupt. It has been bankrupted by deregulation and free trade, the likes which the Howard government has been pushing as hard as it can.
The deluge of imports into America, has caused destruction of much industry and agriciulture, and thus the destruction of millions of good paying jobs, and the US, which was once a producer nation, has become a consumer nation.
The deliberate manipulation downward, of the currencies of nations that export to the U.S., has meant that goods from such countries, which includes from developing countries where labour is very cheap in comparison -- has meant that the U.S. has been living off the rest of the world.
But Australia also, is similarly living off the cheap labour and collapsed currencies of nations further down the ladder, and this has been causing, as in the U.S., the destruction of Australia's Industry, Agriculture and well paying jobs.
Such is the effect of the deregulation and free trade policies which are being pushed globally by the financier elite, who via a global system of think tanks, help write the policies which governments legislate for them, to ensure this all happens.
So in effect, the results of free trade, is the running of nations, businesses, and ordinary people into unpayable debt, or in reality, placing them under the thumbs of the financier elite.
So getting back to the situation in America. The U.S. has accordingly, run up huge trade deficits. This fiscal year alone, such will be near $500 trillion.
These trade deficits are unpayable as the U.S., because of the high dollar value and more, can no longer pay for its imports with physical goods it once produced.
So the U.S. has been saying to nations which export to it: "let us put the U.S. dollars we owe you into our financial markets and we will give you a good rate of return".
So this is what happened and these importers in effect, thus became international investors.
This worked well at the start, the "dollars owed"
were placed into the U.S. financial markets, thus creating the biggest financial debt bubble in human history.
As the stock market indexes soared on account of all this debt being thrown in, the world was told by the elite controlled media, that this was because the U.S. economy was booming. This was a lie.
The truth is that the high stock market index, was a sign that the U.S. economy was collapsing into bankruptcy (for the above reasons).
So in the year 2000, industry profits and other things,
such as the NASDAQ, which had been propped up by the Y2K hoax, started collapsing and the so called international investors started pulling their owed capital out of the U.S. financial markets.
That is the cause of the financial market collapse in the U.S. A similar situation surely exists in Australia -- so be prepared. -- The financial markets in the U.S. are thus, being propped up presently, by the looting of the real economy such as health, education and much more. So the U.S. economy is bankrupt and is beyond saving under the present policies.
U.S. GDP is some 10 trillion and yet the debt servicing in capital and interest is now some 7.3 trillion dollars. 46 out of the 50 states are bankrupt with unpayable budget deficits with California's alone well over $25 billion.
Some states even now have four day school weeks as funds dry up.
So that may give you an idea, as to the real urgent reasons why U.S. insiders urgently want war.
The same deregulation, free trade and speculation policies which Australian Prime Minister John Howard has been pushing has caused the bankruptcy, not only of the U.S. economy, but also of the global financial system with outstanding debt some $400 billion.lion.
These are the real reasons why the war is urgent. The war is required for the coverup and excuse for the biggest financial debt bubble crash in human history which is about to hit us all.
But Mr Howard is also supporting the U.S. President in a war of aggression against another nation. This is in defiance of the U.S. constitution and in defiance of international law.
The Nuremberg trials after World War II sentenced many leaders who did such things, to hanging.
But terrorism also is being used as a tool to justify such a war -- while it is documented quite clearly, how those who are now calling for the war, are the ones who funded and built up the same terrorism on which they are now using for an excuse for the war they want.
The policy for the above mentioned war, was handed down by Richard Perle, on July 8, 1996 to then Israeli Prime Minister Netanyahu. It spelt out future Israeli Foreign Policy. Richard Perle is now Chairman of the U.S. Defense Policy Board.
The war policy entitled "A Clean Break: A New Strategy for Securing the Realm," was written for the Jerusalem and Washington based Institute for Advanced Strategic and Political Studies.
Amongst other things, it calls for the scrapping of the Oslo peace Accords and the elimination of Saddam Hussein in Baghdad as a FIRST STEP towards overthrowing or destabilising the governments of Syria, Lebanon, Saudi Arabia and Iran.
There is much more to all this of course.
You won't read or hear about it on the main media because the main media has vested interests in pushing the war for the elite which it represents and who run it.
Mr Howard surely knows about all the above though, hence his ardent support for the war and his critisism of all who oppose the war.
Much more on all this can be found at
Yours Sincerely Graeme Reid
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