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Citizens Electoral Council of Australia

Media Release  30th of September 2009

Craig Isherwood‚ National Secretary
PO Box 376‚ COBURG‚ VIC 3058
Phone: 03 9354 0544 Fax: 03 9354 0166
Email: cec@cecaust.com.au
Website: http://cec.cecaust.com.au
 

Oracle speaks, major parties gush, economy tanks

Reserve Bank Governor Glenn Stevens is the modern Pythia, the Oracle of Delphi, whose hallucinatory gibberish is interpreted by the priesthood of the major parties any way they want, regardless of reality, Citizens Electoral Council leader Craig Isherwood observed today.

(Pythia was the name of the Oracle, a priestess of the Temple of Apollo at Delphi in classical Greece, who sat over an opening in the earth in a deep trance, channeling Apollo, and her ravings were interpreted by the priests, for a fee; the Oracle’s influence over kings and warlords enabled the Temple to function in practice as the predecessor of a modern central bank, raking in a hoard of wealth).

“The sight of leading politicians at Monday’s Senate hearings beseeching the central bank boss for a tidbit of approval for their policies, shows who wields the real power in Australia—the Money Power,” Mr Isherwood charged.

“Who cares whether Glenn Stevens supported the Government’s stimulus, or the Opposition’s view—why are our elected representatives groveling to an unelected ‘bureaucrat’ in the first place?

“What’s more, ‘Pythia’ Stevens spoke with a forked tongue: Australia is not emerging from a mild downturn—we are collapsing into the worst economic breakdown in history, and the Labor government is using Stevens’ lies to justify not addressing the crisis in real unemployment and underemployment, housing, and household debt, all of which will explode in the faces of millions of Australians as the interest rates rise.

Mr Isherwood continued, “Stevens represents what old Labor patriots like John Curtin and Jack Lang called the Money Power, what the very first Reserve Bank Governor Nugget Coombs boasted was the ‘international freemasonry of central bankers’.

“It is the modern British Empire—the unfettered power of international finance to dictate to governments, and not answer to governments, disguised as central bank ‘independence’.”

Mr Isherwood cited Section 51 of the Constitution of the Commonwealth of Australia:

“The Parliament shall, subject to this Constitution, have power to make laws for the peace, order, and good government of the Commonwealth with respect to: - xii.) Currency, coinage, and legal tender: (xiii.) Banking, other than State banking; also State banking extending beyond the limits of the State concerned, the incorporation of banks, and the issue of paper money:”

“The ‘independence’, and thereby power, of the central bank is unconstitutional,” he said.

“This has been the biggest fight in Australia’s history. When the Commonwealth Bank Chairman Sir Robert Gibson refused an order from the Scullin-Theodore Labor government in 1930 to issue more money, answering ‘I bloody well won’t’, it led to the 1936 Royal Commission on Banking, which ruled that the government should be the controlling authority over the financial system.

“John Curtin insisted that if the Government didn’t control monetary policy, ‘it could not govern, except in a secondary degree.’”

Mr Isherwood blasted, “Now these f*@#ers, as Rudd self-describes them, in the current Labor party have betrayed Labor’s historical fight against the Money Power and bowed down to international finance.”

Discover the real history of Australia—purchase a copy of The fight for an Australian Republic: From the First Fleet to the Year 2000 ($10), here.

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