High house prices in Australia are caused by…

By Andrew Mackinnon

High house prices in Australia are caused by:

> bank lending to property investors for investment properties, which should be banned. This includes bank lending to property investors who are also using their superannuation in order to fund part of the purchase price of their investment properties. The very definition of investment entails purchasing an asset out of savings. No bank in Australia should be allowed to lend for the purpose of the borrower purchasing an asset for investment with the objective of making a capital gain over time, such as real estate, shares, precious metals, coins, antiques or art. Borrowing for such a purchase is not investment. It’s speculation. However, if such a purchase is financed out of existing savings, rather than borrowings, then it can correctly be called an “investment”. Read more...

This is why the Australian economy isn’t working…

By Andrew Mackinnon

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.

In fact, Australian citizens were reluctant to borrow from the banks even back in the 1990s in the aftermath of the recession of 1989 to 1991.  The Australian government has always responded to this reluctance not by acknowledging that the interest charged on money lent by the banks that they create out of nothing is unconscionable and unjust, but by bringing new citizens into Australia via mass immigration in the hope that they would borrow from the banks to make up the shortfall in borrowing.  It has been doing this for the past thirty years.  We are now in a situation where the Chinese who have come into the country don’t want to be in debt; the Indians who have come into the country don’t want to be in debt and the existing Australian citizens certainly don’t want to be in debt either.  Nobody wants to be in debt and why would they?  People are not stupid, even if the Australian government and the Jewish-controlled media have deliberately made it very difficult to understand how the banking system in Australia actually works. Read more...

Our fear of China is not loathing

smh.com.au/politics/federal/our-fear-of-china-is-not-loathing-20191129-p53fiv.html

Comment from Andrew Mackinnon on this article:

The author of this article, Peter Hartcher, secretly has Jewish ancestry and secretly self-identifies as Jewish (like Scott Morrison and Ross Gittins, to name just two others) which is why, in spite of anything he writes pretending otherwise, he is absolutely committed to Australia being swamped as a result of mass immigration from China as a means of facilitating its inclusion in an Asia-Pacific Union, including China, India, Australia and all of the other Asian countries. An Asia-Pacific Union is required by the Rothschilds-led synagogue of Satan in order to establish world government ruling over the various intended unions of the world. (The synagogue of Satan also wants to establish a North American Union, including the United States of America, Canada and Mexico. It has already established a European Union, a South American Union and an African Union.) Read more...

The Goods & Services Tax in Australia (GST) is double taxation of income.

By Andrew Mackinnon

Last updated: 4th June, 2021

The Goods & Services Tax in Australia (GST) 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. Read more...