Ron Paul has just achieved 51% support for his Bill HR 1207 to audit the US Federal Reserve.These private group of 12 banks own the US currency and loan all funds to the US Govt.The bill must first of all get out of committee and then must be passed by the Senate.The pressure from the US people is making Congress act.This is could be the beginning of change and hopefully the power will swing back to the people.The Fed as it is known,is mounting a campaign to discredit the bill and try an intimidate Congressmen who support it.It could be a life and death struggle for the Fed since the public are in no mood for any more nonsense from these banks,whom many see as being the root cause of this financial crisis.

On the international front; China,India and Russia will meet in Brazil in June 09 to instigate talks on a new global reserve currency.Who will own this new currency and how will our currency be valued against it? China is suggesting that the IMF being in control of it,but I'd like to see serious reform of the IMF if they are to have so much power.

This over time will shift the balance of power away from the European/US Central Banks and this could create more military instability if the US feels threatened.

We in our country should be looking at ways of limiting Corporate dominance in our political system.Our Govts have been too impotent and inept for too long.

See; http://moneynews.newsmax.com/streettalk/russia_china_dollars/2009/06/11/224024.html http://forum.freemarkets.ca/topic.php?id=448

Arjay, with respect, I have watched your ever more strange claims about world finances.
I have tried to find some common ground, we both are appalled at this crisis, the grubs behind it, and its dreadful results.
But we go very different paths from that point.
I blame governments, but for to little control not too much.
I see true criminals not being bought to justice.
Surely more control more accountability is the answer?

Belly,I don't tink you understand what I'm saying.I would like to see less corporate influence in Govt.Business does not give enormous amounts of money to Govt for no results.We have the highest food inflation in the developed world because of lack of competition and restrictive trade practises,yet Kevin Rudd and John Howard ignored the reality.In many cases the laws/penalities are there to catch criminals but the judiciary are soft.We do not need more laws/Govt to limit people's freedoms.We just need a fairer system of rules and for groups like the ACCC to be given the power to act.

Now in the US,not all Congressmen agree with Ron Pau's philosophy of free markets and small Govt but there is a common thread of breaking the power of the US Fed since this system of banking that creates money via debt,inflates and deflates the money supply is totally wrong.There are certain common threads upon which we do all agree upon and that is the notions of fairness and freedom.We just disagree on how to get there.

The only way to break the corporate power of governments, is to make them accountable, as they were before 1953, in the ordinary courts of law, by due process of law. Due process used to mean a Writ was issued, it was tested in the name of the Chief Justice, as representative of Her Majesty Elizabeth the Second, and it was tried by a jury of 12 electors, and if it was a good bill, it was approved and if it was a foul bill, it was struck out, on the verdict of those 12 electors.

Today we have not had due process of law, since 1953, in the High Court, in Bankruptcy Courts since 1966, and in the Supreme Court in New South Wales since 1970. The worst excesses of the Whitlam government leading to the decimation of the Labor Party in 1975, could not have happened if the corporate power of government had been still controllable by the due process of law.

The corporate States of Australia have all created their own Star Chambers, Courts of law without the integrity they used to have before 1970. The first Star Chambers were erected in South Australia in 1927, when universal jury trial in civil jurisdiction was abolished. The Corporate State is a universal Church, confined within State boundaries, and with its own Priesthood, appointed by the State Executive, to carry out its will. They are an abomination. Every Australian is a member of the Commonwealth. Every Australian has been granted power by the Parliament of the Commonwealth, in s 13 and 15 F Crimes Act 1914 ( Cth), to call every corporation in Australia to account.

The States have frustrated this enormous power, by abolishing their courts, and creating Star Chambers, manned by State Priests in their stead. They are called Courts, and the Commonwealth is as guilty as each State in this regard. The Parliament of the Commonwealth created its own Star Chamber in 1976. We cannot curb the excesses of the corporate States, until the Commonwealth gets the Federal Court of Australia to work

The United States came about as a result of 13 rebel colonies, denied due process of law, conducting a war of independence. Australia came about because six colonial governments, saw the future of Australia in unity. The people who framed our Constitution, looked at the American model, and decided that their Supreme Court was not working as well as it should. They gave Australia a Federal Supreme Court. They named it the High Court, but it was not a Court, it was to be a court. It was given what was called original jurisdiction. That was by s 75 Constitution, and it really was designed to curb the power of corporate government.

Until 1953, everyone, from anywhere in Australia could file a Writ in that court, in the same form as existed in each State Supreme Court, tested in the name of the Chief Justice, and issued as of right. The destruction of the Whitlam Government was assured, when in 1953, Menzies made the High Court an exclusive club. Instead of having to look over his shoulder, Whitlam the lawyer knew he could pretty much do whatever he wanted, subject only to an election, because in 1970, the Supreme Court in New South Wales was also abolished. Before that it was a check and balance on executive power, not only State but federally.

In 2004, the High Court totally destroyed itself, by the High Court Rules 2004. It was made into a Star Chamber officially in 1979, by the High Court of Australia Act 1979 but it still had Writs until 2004. It still comes out and says, We represent the Queen, but issues no process in Her name anymore. Is it any wonder we have a very restless population. We have rampant State Corporations, exploiting their populations mercilessly, with licences and taxes, permits to do almost anything required to be issued by them, and restrictive trade practices, imposed upon property so that their licences have a value.

The Corporate power of governments will not be broken, until we are given back the rule of law. That applies universally.

PtB, you may ask, what is the rule of law? I can waffle on but unless I explain what the rule of law is, I will probably lose you in the clutter. The rule of law was: from 1275, and the Statute of Westminster the First, the universal right to elect. It said elections ought to be free. Back in 1275, it meant election of mode of trial. It should still do so, because it was part of the pyramid of laws, upon which the Constitution was built. The Constitution of Australia has many chapters, and Ch III is entitled the Judicature.

The Judicature was to be the way corporate power was controlled. The Judicature Act 1976 was enacted in Queensland in a mirror of the English Act of the same name. In 1900, the S 118 Constitution, was enacted to give full faith and credit to the laws, public Acts, and records , and the judicial proceedings of every State. The Judicature Act 1876 Queensland, contained the following passage.

259 Duty of judge and jury
(1) It shall be the duty of a jury to answer any question of fact that may be left to them by the presiding judge at the trial.
(2) But nothing herein or in any rule of court contained shall take away or prejudice the right of any party to any action to have the questions submitted and left by the judge to the jury with a proper and complete direction to the jury upon the law and as to the evidence applicable to such questions.

In the light of the above passage, there can be no doubt the Federal Supreme Court as currently called the High Court, is not a court of judicature. Any party to any action, means a universal right to free election. When the Supreme Court of Queensland Act 1991, was enacted, it overlooked this section. The Parliament of Queensland enacted the Supreme Court Act 1995, to include it, but no Judge in Queensland has accepted that this is law.

Why should they? Cameron Dick Attorney General won’t