Aussie PM says: Emperor has no clothes!

Dear Readers:


In October last year, just when the current financial crisis began, I wrote several articles to highlight the fact that what is happening across the world is a farce and that the Emperor indeed has no clothes. It really is so; the Emperor does not have new clothes and the Prime Minister of Australia is now saying so! I have inserted this report from today’s Australian Newspaper and placed it on top of my original October article. Christian folk, it is time we realised that we are the only hope this world has got as its deceivers, who know not Christ, push for a One World Government in which the disciples of Christ are not welcome!

Kevin Rudd’s plan to rescue capitalism: essay

Dennis Shanahan, Political editor | January 31, 2009

Article from:  The Australian

KEVIN Rudd has declared a new era of financial reregulation and government intervention in world markets to restore confidence and stop capitalism “cannibalising itself” as a result of the global financial crisis.

The Prime Minister has vowed to use the “greatest market failure” in 75 years to commit his Government to sensible new market regulation and intervention to stabilise the economy and save jobs.

“The time has come, off the back of the current crisis, to proclaim that the great neo-liberal experiment of the past 30 years has failed, that the emperor has no clothes,” Mr Rudd says in a lengthy essay for The Monthly magazine, to be published next week.

“Ironically, it falls to social democracy to prevent liberal capitalism from cannibalising itself,” Mr Rudd says.

In a sweeping 7000-word essay, Mr Rudd argues strongly for new government intervention in banking and financial markets, not only in Australia but worldwide, and says the 30-year era of neo-liberal free marketeering is over.

The king’s new clothes; yeah, right!

I am not a Banker nor the son of Banker, but I’m not stupid either. I don’t believe the king has a new suit of clothes!


Therefore I have this question to ask since I, like you, have been watching governments this past week play the walnut shell and pea game with the world: How can governments lend to major international banks, who in turn lend to big banks, who in turn lend to smaller banks, who in turn lend to the populace, who in turn pay the government taxes to lend to the major international banks and there we go around again?


Why isn’t the world asking the governments where they are getting their billions from in the first place!


Well, let me tell you where they are getting their billions from to keep their walnut shell and pea illusion going on — they are getting them from their own printing business around the corner; that’s where!


Folks, the reality is — there is no pea! Or as one famous story teller wrote, “The king has no clothes on!”



Bob Chapman

14 Oct. 2008


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