CEC National Secretary Craig Isherwood today blamed the globalist policies of John Howard for exposing Australia to a global economic crisis that will be worse than the Great Depression of the 1930s.
Isherwood responded to the former Prime Minister’s whine on Rupert Murdoch’s Fox News that people should stop comparing the current crisis to the Great Depression: “[I] think it is unnerving to the average citizen to be constantly told that we are in the worst situation since the Great Depression,” John Howard said, “Not because it isn’t bad; it’s because there is no comparison between the circumstances we now face and the circumstances in the Great Depression.”
Isherwood charged, “Australia is facing an economic crisis far worse than the Great Depression, and it is John Howard, along with Paul Keating, who are the biggest culprits.”
“From the late 1970s, Howard and Keating relayed each other to ram through globalist economic reforms which deregulated the banks, ripped apart manufacturing, family farming and trade unions, and saddled Australia with a mountain of unpayable debt.”
“Howard started the rot with his 1979-1981 Campbell Committee Financial System Report, backed every key deregulation and privatisation ‘reform’ of Paul Keating, and, when he was back in office between 1996 and 2007, exploded Australia’s foreign debt from $270 billion to almost $1 trillion, and average household debt to a world record of 170 per cent of annual household income.”
Isherwood recounted how John Howard was challenged by the CEC on 16th June, 1998, at the height of the Asia Crisis, to support Lyndon LaRouche’s call for a New Bretton Woods reorganisation of the world monetary system, to which Howard replied, “I do not believe we can go back to a Bretton Woods style of approach to global economic affairs.”
Howard spurned an opportunity to fundamentally fix the financial system, which would have spared Australia from the pain of the current crisis, Isherwood said. “Almost all world leaders are now insisting on some form of a New Bretton Woods reorganisation, which shows Howard up for the fool he is.”
“If you are looking for someone to blame for this current mess—start with Howard,” Isherwood concluded. “However, if you are looking to solve the crisis, join me and my party, the CEC.”
For further information, contact Jeremy Beck on 03 9354 0544.
