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The globalist 'reforms' that destroyed Australia

The following is a list of the major economic reforms imposed on Australia by both major parties, beginning with Hawke and Keating in 1983. These globalist policies were rammed through in conjunction with identical reforms imposed upon the rest of the world, under the rubric of "globalisation", which are the cause of the deepening global economic breakdown crisis that first erupted in 2007. In Australia, all of these reforms were bipartisan, with the exception of the most recent—the carbon tax. Prime Minister Julia Gillard was so furious that under public pressure the Coalition opposed the carbon tax, that she made an incredible admission by accusing Tony Abbott of breaking what she called the "post-1983 consensus on economic reform". As the following list demonstrates, that "consensus" has de-industrialised and bankrupted Australia:

Hawke/Keating

Dollar float—took away our sovereign right to value our own currency, and handed control to global speculators; now that our overall economy is export-oriented, thanks to the rest of the reforms (below), the high dollar is killing us.

Bank deregulation—opened Australia up to foreign banks and scrapped many customer protections, leading directly to the rise of Macquarie Bank, the property bubble, and numerous financial scandals.

Union consolidation/busting—amalgamated all unions into large federations, so leadership could be intimidated and/or bought off to ensure they did not oppose the reform agenda; unions which resisted were busted, and Bill Kelty and Paul Keating actually convinced unions to accept pay cuts and sell out their members to the superannuation scam.

Privatisation—beginning with Qantas and the Commonwealth Bank, public assets built up over decades to provide a service were flogged, generating a windfall in fees worth hundreds of millions for the investment banks contracted to broker the sales, such as Macquarie Bank, CS First Boston and NM Rothschild and Sons; the Liberals continued and expanded Labor's privatisation program, and many politicians involved in the program later went to work for the private banks for which they'd generated so much income.

Tariff cuts—a 1989 Ross Garnaut report, Australia and the Northeast Asian Ascendency, initiated Australia’s wholehearted embrace of free trade; tariffs were slashed across-the-board, wiping out whole sectors of manufacturing (textiles, clothing and footwear, electronics etc) and agriculture (pork, citrus, canned fruit etc) and shrinking overall manufacturing from what had once been over 30 per cent of the economy, down to its present level of just 8 per cent. Australia has gone from an advanced agro-industrial economy, to a colonial-style quarry and plantation.

Compulsory superannuation—Keating’s landmark reform was sold to workers as a boon for their retirement, but he actually intended to create a massive pool of funds for Macquarie Bank and similar parasites to create a world-scale financial services "industry" (sic). It is now a $1.4 trillion pool in which the losses that workers are suffering to their retirement savings are a buffer to protect the big financial players from total collapse. The global meltdown has shown that the buffer is not enough, so the Gillard government is fleecing workers and employees alike by raising the compulsory contribution to 12 per cent, but original architect Keating is continuing to demand 15 per cent—seemingly his estimation of what's needed to prop up the failing system.

National Competition Policy—micro-economic reform forced on every sector of the internal economy, which forced federal, state and local governments to function as private businesses instead of as service providers. Small business and industry protections were deregulated, forcing them to compete with giant corporations, and driving many to bankruptcy and even suicide, while Coles and Woolworths grew into the most concentrated retail duopoly in the world.

Howard/Costello

Fully "independent" Reserve Bank—removed power over monetary policy from the government, which is accountable to the people, and gave it to an unaccountable private board dominated by bankers and big business. The RBA now sets interest rates under one criteria, the inflation target of 2-4 per cent, which has become another excuse to enforce other reforms such as tariff cuts and competition policy, because cheap imports and the concentrated buying power of Coles-Woolies is credited with driving down the consumer price index (CPI) measure of inflation.

Wallis Commission—Peter Costello's 1997 banking reform was similar to the 1999 repeal of Glass-Steagall in the U.S., allowing banks to merge with other banks and financial organisations.

GST—the Gouge and Screw Tax is a regressive tax on the poor. It remains at 10 per cent on all goods and services except food, but is being eyed off similar to Ireland as a tax to raise to balance the budget. The GST is a particularly debilitating burden for the small businesses which collect it, requiring copious paperwork to comply.

National electricity grid—a free market scam which state governments used as an excuse to not build new power plants, but to deregulate and privatise the electricity system and create a speculative spot market similar to the scam run by Enron in the U.S.

Water Act 2007—a green/free market plot to destroy food production in the Murray-Darling Basin food bowl, by enforcing extreme water restrictions and thereby putting irrigators at the mercy of a speculative water market.

Rudd/Gillard

Scrapping the AWB single desk—used a contrived scandal to remove the single marketing authority under which Australia become one of the world’s major wheat exporters; Australia's wheat growers are now at the mercy of the global grain cartels such as Cargill.

Carbon tax/ETS—simply an excuse for a new trading system for the banks and speculators to leach the life-blood from what's left of the industrial economy, entirely directed from the City of London.


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