The “markets” say “Yes!”
A March 25 George Lekakis column in The Herald Sun summarised the case: “Data collected by Bloomberg News shows that the default risk of Australian banks has never been higher, with Macquarie Bank emerging as one of the riskiest banking players in Asia. ... ‘Macquarie is the closest link in Australia to the problems that are afflicting Bear Stearns and other US investment banks,’ said David McDonald, of Shaw Stockbroking.”
Couldn’t happen to nicer people. But Macquarie is not a “bank” in the normal sense, observed Executive Intelligence Review Economics Chief John Hoefle, who has made a study of Macquarie, and of similar British imperial fronts.
“Any Australian who expected Macquarie to survive the British game is being played for a sucker. Macquarie is the Australian version of Enron, both sent on kamikaze missions by the British to act as battering rams to further their imperial control. Like Enron, Macquarie will not survive the process, but its masters will be able to pick up the pieces at pennies on the dollar. Macquarie is just a tool to push privatisation, using money from the financial bubble to buy control of physical assets, control which will pass to Macquarie's controllers once Macquarie collapses. It is already dead, whether it realises it or not.”
Reflecting on the savage looting of Australia by both Macquarie, and by the Wall Street/City of London entity Lehman Brothers, which has looted Australian councils of tens or probably hundreds of millions of taxpayers money, Hoefle concluded, “My advice to the Australian people is to remember that just because the British invite you to lunch, doesn't mean you're going to be a guest. Sometimes, you are the lunch.”
Macquarie was founded as Hill Samuel Australia Ltd. in 1969, a subsidiary of that lynchpin of British imperialism, London’s Hill Samuel Bank, whose chairman Sir Kenneth Keith ran British intelligence following World War II. The entire scam of “privatisation” was cooked up by the City of London to attack and loot sovereign nation states.
Macquarie typically hires those officials (or their relatives) who push its agenda while in public service; grants them gigantic salaries once they retire; and then deploys them as influence peddlers on their mates who are still in office. The following examples, by no means comprehensive, of current or former Macquarie personnel are typical of that M.O.:
Fred Hilmer, architect of National Competition Policy (NCP);
Graeme Samuel, enforcer of NCP, first through the National Competition Council, then as chairman of the Australian Competition and Consumer Commission;
Alan Stockdale, awarded hundreds of millions in fees to Macquarie as Treasurer of Victoria under Kennett;
Max Moore-Wilton, Secretary of the Department of Prime Minister and Cabinet under John Howard, then Executive Chair of Macquarie’s Sydney Airports Corporation;
Paul McClintock, Secretary to the Cabinet under Howard;
Stan Howard, John Howard’s older brother and chairman of Sydney’s M2 toll road;
Ann Keating, Paul Keating’s younger sister;
Bob Carr, a fanatic privatisation advocate as NSW Premier, now on $500,000 per year from Macquarie as a “consultant”; meanwhile, his longtime subordinate, factional mate and replacement as NSW Premier, Morris Iemma, continues the Carr/Macquarie privatisation crusade.
For the background to the global financial-economic breakdown in progress,
order a free copy of “Firewall: In Defence of the Nation State” here.
