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THAT has been the biggest scam in many countries since the 70’s – mainly perpetrated by the pathologically greedy in the US, spreading the tentacles of greed and predatory capitalism to many countries, including Australia. That is probably a big reason they took out your Prime Minister Whitlam in 1975 – my bet is that he was not OK with the corrupt proposals to enrich the few.
You need to listen to your own professor of economics, Bill Mitchell, to learn the TRUTH about your monetary system, and what CAN and SHOULD be done to fight the liars and their lies.