Survival of the Species
Chapter Eight
To add insult to injury, not only was Australia was being swamped by Asians, but there was a whole host of other problems that constituted the Australian crisis.
Over 90% of Australia's private sector corporate wealth was owned by foreign interests. Some economists claimed that this "foreign investment" was good for the country, but the truth was that it was bleeding Australia dry. Most so-called "foreign investment" did not establish new industries, but instead just took over existing companies.
It was common sense that no foreign overlords would buy a company unless they could get a profit out of it - and these millions of dollars of profit would be sent overseas, never to return, and the Australian economy would be the poorer because of it.
Often these profits were sent overseas to the parent company by circuitous means, so as to avoid taxation ("Profits? What profits? Our poor little company hardly makes any profit at all"). Money would be paid, as "expenses", to the parent company for licensing rights, franchise fees, trademark rights, hiring fees, consultative fees, etc. Often profits could be transferred by the Australian company paying highly inflated prices for goods from its foreign parent company. Also, goods would be sold to a sister company overseas (especially those registered in a low tax zone) at almost cost price (thus the Australian company would be making almost no profit on such goods), and the sister company would then re-sell them at higher prices. There was a whole host of other means by which foreign companies could transfer millions of dollars of profits overseas without appearing to be doing so at all.
Without all of this lost money, adding up to billions over the years, our overall economy slowed down, industries crashed, companies failed, and unemployment skyrocketed. What was even worse was the fact that in many cases companies were bought, and were then later transferred to a poor Asian country (or to some other part of the Third World), so that the foreign financiers could benefit from special deals (including lower tax rates) offered to companies in such places, and to utilise the cheap labour available (and how could an ordinary Australian worker compete with an Asian coolie who was being paid a tenth - or far less - of the average Australian wage?).
National economic self-sufficiency, as far as could be carried out, was the answer. This would not only save our economy, but was eminently wise for defence reasons also. If our economy was dependent upon foreign industry for our day-to-day survival, then we wouldn't last two weeks if we had to defend ourselves.
In fact, we wouldn't even be able to overcome a trade boycott - a tactic which could no doubt be used against a reinvigorated White Australia, just as it was used against apartheid-era South Africa. The immorality of having to change a Australia's internal policies because of foreign trade influence was obvious; not only with regard to national self-determination and self-governance; but what of a scenario where communist countries controlled international trade - would Australia have to introduce communist policies to appease foreign busybodies? We would never bow down before foreign dictatorial interference, no matter whether it was multiracialist or communist.
Australia's economic woes were expanded by many other factors:
"Economic rationalists" in public corporations were selling off public assets (mainly to overseas buyers), and then leasing them back - thus showing a profit in the short term (but, in the long term, paying ten times as much). Various state and federal governments had privatised many profit-making public corporations, including the electricity, gas, water, transport, and telecommunications companies (vital industries in everyday terms, let alone regarding defence); in the main these were sold to foreign interests.
Foreign banks had been let into the country, and were having a field day, raking up profits - and sending them out of the country; money that was forever lost to us.
Much of our oil fields to our north had been given away to Indonesia, even though these oil fields were on our continental shelf and thus belonged to Australia as according to international law.
The majority of our gold reserves had been sold overseas. This action was unfortunately almost irreversible. In an international crisis, our gold stocks were essential: they could underpin our currency, restore public confidence in our money's worth, and be used for trade if necessary - but now most of that was lost. It had taken decades to build up those gold stocks, and then some fool (or traitor) had just come along and sold it off - simply because it had low value at that time (however, gold prices were variable - it could double in worth almost overnight). The overseas financiers, mostly those in New York, London, and Peking, had snapped up all of the gold that we had put on the market. So why would they do that? Because they were really stupid? Hardly. They knew the long-term worth of gold stocks, and couldn't believe their luck when Australia's Reserve Bank was selling it all off.
On the international markets, the Australian dollar had almost fallen to the level of a Banana Republic currency - much of which had been caused by international currency speculation by financier parasites. Would it have been too much trouble for a past Australian government to arrange an international treaty, similar to the Breton Woods agreement, to have each country tax foreign currency transfers at 2% - small enough not to affect genuine international trade (especially if tax deductible if used for provably genuine trade purposes), but large enough to halt the machinations of the currency speculators, who were nothing more than vampires leeching the life out of their unsuspecting victims.
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