Somehow I got on to the CEC's email list recently and have been receiving unsolicited press releases every week. Thought I'd check out their website to see exactly what their policies were. My attention was drawn to their proposal for a new national bank and out of curiosity I did a search on the word GOLD in their draft legislation.
Interestingly, in Section 40(3), they are including the very same affronts to freedom that are in Part IV of the existing Banking Act 1959, namely making it illegal to own/hold gold. They have pretty much kept the wording of the sections I noted in my blog on gold confiscation.
After unsubscribing from their email list, I emailed them at cec@cecaust.com.au and suggested they read the work of Professor Fekete to understand the importance of allowing private ownership of gold. Haven't had any reply as yet.
Interestingly, in Section 40(3), they are including the very same affronts to freedom that are in Part IV of the existing Banking Act 1959, namely making it illegal to own/hold gold. They have pretty much kept the wording of the sections I noted in my blog on gold confiscation.
After unsubscribing from their email list, I emailed them at cec@cecaust.com.au and suggested they read the work of Professor Fekete to understand the importance of allowing private ownership of gold. Haven't had any reply as yet.
Bron,
ReplyDeleteThanks for the illuminating posts on gold in relation to Australia.
You and readers of this blog may be interested in Freedom Force International an individual rights group.
I realised recently that owning gold isn't enough. This organisation is doing something about regaining freedom.
If of interest the best place to start is here:
http://www.freedomforceinternational.org/freedom.cfm?fuseaction=issues
David
vadavid /~at~/ gmail.com
It is funny that you bring this group up. During the federal election campaign back in 2007 a friend of mine knowing the type of person I am handed me a newsletter from the Citizens group. He said "you will vote for them hey!?" I read the newsletter noting the comments on the then just beginning financial crisis, but then fell off my chair at the recommendation of a national bank!
ReplyDeleteApparently they model their economic policies on a guy called La Rouche, I think thats his name anyway.
These people are just as dangerous as the goons currently in charge.
Lone Ranger
The draft legislation was written by idiots who believe in the linking of currency to gold for fixed exchange rate purposes, thus having need to limit the amount of gold that a single persona can lawfully hold.
ReplyDeleteYou'd think our Lone Wanker friend would realise that since that only the federal government has power to issue currency, a national bank is quite sane.
The only reason gold is horded is people shit themselves silly about the whole system coming down, and they think that gold is the only thing that will be worth something, and they shall come out on top and live like kings, all on the belief that any new "New Deal" will have to peg currency to gold.
Idiots
While only the federal government can issue notes and coins the banking system has the power to create electronic money as the current banking system is a fractional reserve system. Other non-government bodies can also create money through various methods -- not all methods being legal.
ReplyDeleteI did get a follow up email from them, basically saying that they ban gold because they didn't want to concentrate wealth and then goes on to say that gold doesn't have any real wealth, that wealth comes from human work.
ReplyDeleteMy reply was that hardly anyone owned gold in Australia and more wealth would be concentrated in shares but they weren't proposing to ban that. As to gold not have any real value, I said if they believed that then why do they insist on the Government controlling all the gold, what would it matter if the average person wanted to hold this valueless thing?
I'll update if I get another reply.
Hi, thanks for your insights. I read it with interest as I was thinking of visiting Perth (and the Perth Mint) to purchase some gold bars - not so large, like 1 oz as a souvenir... I'm not an Australian..
ReplyDeleteWould this be subject to confiscation at the customs then, and it is best I do not buy any from the Perth Mint?
thanks
There is no problem buying gold and taking it out of the country. For customs purposes I assume it is just another "good".
ReplyDeleteAccording to this http://www.customs.gov.au/site/page.cfm?u=4725 I don't think you have to declare bars, but you would gold coin (but only at their face value, not bullion value).