It used to be you had to already be in jail to get to Australia. But now they’ll throw you in jail for trying to get there. My, how times change. Everything in the world is upside down.
If you’re one of the 9,000 Australians trapped in India — a country in the grip of a huge wave of coronavirus cases, according to the media — you’d probably take the five years’ jail time to get home. Or the fine of up to $51,800. Do you think anyone’s really going to serve jail time for trying to get back into a country in which they’re a citizen?
But these ARE crazy times. When it’s a criminal offence to return to your native country, you know things are upside down. The government made its ‘emergency determination’ to ban returning travellers who’ve been in India at any time for the last 14 days. It went into effect at 12:01am Monday morning and will be ‘reconsidered’ on 15 May.
There’s no doubt plenty of Australians — you’ll find them making comments on news articles and Twitter — who support this action. These are extraordinary times. You can’t risk the safety of 25 million people in Australia to protect the 9,000 who (for whatever reason) were in India. Right?
Well, you can make that argument. And it sounds ‘reasonable’ and for ‘the common good’, or even necessary under the current circumstances. But it’s not a great look. It might make you start to wonder about the benefits of citizenship to a country in which the government treats people like criminals.
To be fair, most governments in the world now treat their citizens like criminals. We are under constant digital and physical surveillance. The lickspittles in the media and academia — goaded on by their new allies in public health — are pushing for vaccine passports and pervasive contact tracing. The control freaks have embraced their moment with gleeful enthusiasm.
Financial Market Outlook
I’ll come back to that in a moment. But what about markets? How are they coping with India’s crisis? Well, they’re ignoring it. Financial markets decoupled from the real economy and the real world sometime in 1971, when US President Richard Nixon severed the link between the US dollar and gold. It’s been downhill — with bigger government and weaker money — ever since.
It all picked up speed in 2008 with the GFC. Since then, central banks have been running the show. And if you’re rich, white, and almost retired — what a show it’s been! In the US, financial asset values (houses and shares) have soared. Who cares if automation, globalisation, and financialisation have destroyed middle class wage growth? That’s their problem!
In the US now, the Deep State elites see their danger AND their opportunity. Their danger is that wealth inequality has become so shockingly obvious that it can’t be ignored. Something must be done about it. Even if that something is superficial and not likely to affect the 1% (the ones who make the laws as well).
Wealth taxes, higher capital gains taxes, negative interest rates on ‘excess savings’, ‘exit’ taxes if you try to move from a high-tax jurisdiction to a low one, international ‘tax harmonisation’ to eliminate offshore tax havens — all of these are in the financial repression tool kit. If you have money, they are coming for you.
Some of it is theatre — measures meant to placate working class voters who know they’ve been screwed. Some of it is genuine relish by the Marxists and socialists who have made their way into government by pretending to be ‘social democrats’. They smell blood in the water. And the rest?
The rest is the result of the financialisation of the economy. When hard work and savings are replaced by speculation and leverage, you get what we have. And what we have is an entire culture in a headlong rush to get rich and cash out before the whole thing falls apart. Good luck with your timing.
In the meantime, the time to examine the 2015 Biosecurity Act is now. Actually, it was a year ago. Unelected public health officials now wield extraordinary power thanks to this law. It’s anti-democratic and quite frankly tyrannical. These powers should be revised and rolled back as quickly as possible.
Sensible people understand that emergencies happen. In a natural disaster or an invasion, the normal rule of law is often suspended to deal with an immediate crisis. But now?
Now we have the artificial and deliberate creation of a permanent emergency. It’s a crisis that’s designed to never end. And because it never ends — this variant, that variant, this vaccine booster, one shot, another shot, another shot — the suspension of normal law and civil liberties becomes permanent. That’s what’s happening now.
You fight it by standing up for what you believe and speaking out. But as ever, we believe the best defence against attacks on your liberty and your family are to become as independent as you can. Wealth gives you the independence to make decisions about where you’re going to live. It makes you less vulnerable to government policies, inflation, and financial repression.
If you don’t believe financial repression is already here, you haven’t been paying attention. But the good news is that there ARE money moves you can make. They aren’t foolproof. But if you haven’t started yet, you have to start somewhere. I recommend you go here for more details.
Editor, The Rum Rebellion
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