The Editor
Queensland Times
Dear sir,
When Pauline Hanson said in a recent press release that the ‘MAI was wounded but not dead’ how right she was. I have come cross the ‘son of the yet-to-be-born MAI’. It is called the ‘Multilateral Investment Guarantee Agency Bill’ or ‘MIGA’. It has already been signed.
The more I research the issue of international treaties which have been allowed to progress totally unhindered by successive Labor and Coalition governments the more I realise that we have a situation in Australia which is totally out of control.
I will explain what I mean in the simplest of terms. When you go to the bank you cannot draw money until you have opened an account. That’s logical. To demonstrate to you how ‘structured’ the globalisation of Australia is by outside forces consider this fact.
The MIGA document, which I will shortly be placing on the Internet in the public interest, refers to the replacement of the Australian dollar with a new international currency headed by ‘SDRs’ or Special Drawing Rights. For this new ‘multinational’ currency to be recognised the MAI needs to first be in place.
MIGA was signed by the current Federal Treasurer, Peter Costello, in Washington in September 1997. In that financial year the Australian tax payer contributed Au$2,446,000 from the Commonwealth Public Account, Paper 4 under Table 6 for an upfront 10% payment of an initial 1,713 shares or SDRs under this Bill. This was paid on the promise of the MAI going ahead.
The MAI has been delayed because of a hick-up - the public outcry against it from all over the world. However, the internationalist bureaucrats who peddle our sovereignty irrespective of the major Australian party in power have now taken remedial action to bypass the more ‘visible’ OECD decision making process. The MAI, or its equivalent, has now been referred back to the invisibility of the World Trade Organisation (WTO) for passage.
It was non other than ALP trade minister Bob McMullan who played the role in joining Australia into the WTO and entering us into the MAI debate. The WTO serves the interests of big business, it is singularly the most undemocratic, profit driven force in the world today.
It goes without saying that the tweedle-dum and tweedle-dee of politics do not allow public debate on treaties that Australia signs and that the ‘lucky’ country is fast becoming a vassal of foreign banks and companies in the interests of ‘globalisation’.
It takes MIGA to show how far they have gone with our democratic rights - with ‘drawings’ already being made on an account that has not been opened yet (MAI). To cover up the oversight there is a clause on the MIGA web page which reads, ‘IRS staff are available to discuss the paper’s contents with Senators and Members and their staff but not members of the public’.
You see sir, that is the state of the democracy we live in today.
Scott Balson, Karana Downs