The New Citizen Extra June 2005 Page 1

THE NEW CITIZEN ® Official Publication of the Citizens Electoral Council of Web: http://www.cecaust.com.au Email: [email protected] EXTRA

June 2005 50c (inc GST) Print Post: 30601/00002 The great derivatives crash: “Mother of All Bubbles” Exploding, Political Earthquakes Under Way June 2—On May 5 the dreds of billions of dollars Standard & Poor’s rating in pension funds onto the agency downgraded al- U.S. government, in a vain most one-half trillion dol- attempt to stay in business. lars of General Motors and The combined auto/airline Ford Motor Company bankruptcies will destroy bonds to junk bond status. much of the U.S.’s remain- This unleashed an earth- ing machine tool industry, quake in the global finan- turning the already super- cial system far worse than indebted U.S. into a Third the LTCM hedge fund fail- World country. ure of September 1998, These breathtaking fi- which almost brought nancial/economic develop- down the world monetary ments are both the back- system. At least several ground and the trigger for major hedge funds of the a series of equally stunning US$ 1 trillion hedge fund political developments in industry were wiped out by both the U.S. and Europe losses in their highly-risky throughout May. As the World trade in derivatives dwarfs the estimated total world GDP of $55.5 trillion. The derivative trades, and their world’s leading economist, exploding financial bubble is driving the strategic crisis, in which U.S. Vice President Dick Cheney (shown at right, on the cover of Executive Intelligence Review magazine, May losses were immediately Lyndon H. LaRouche, Jr., 27) and his controllers want to unleash nuclear weapons to terrify the world into submission. transmitted worldwide summarised the situation in through the “daisy chain” his May 14 2005 memo to coup d’état”. (See below.) actually being discussed is paradigm shift” is underway, June, as revealed in a of interlinked derivatives the U.S. Congress, “On the Then, on May 29 and June whether the European cur- toward dumping the entire Washington Post May 14 contracts whose annual Subject of Strategic Bank- 1, in unexpectedly heavy rency union should not be dis- rock/drug/sex countercult- story and an Executive In- turnover is now $US 2 ruptcy”, “A rising series of turnouts, the French and mantled.” (emphasis added) ure and globalist paradigm telligence Review cover quadrillion or more. Pan- political earthquakes is now Dutch populations voted In Germany, the ruling of the “68’er” generation story of May 22, both of icked world central bankers shaking the world…Now, decisively against the at- coalition of Chancellor now running much of the which reported on the have been on emergency what will happen, very tempt to establish a one- Gerhard Schroder’s Social world. The desperation of Bush Adminstration’s op- mobilisation ever since, to soon, will stagger your im- worldist European Union, Democratic Party (SPD) the financial oligarchy erational plan for nuclear first somehow keep their fingers agination. The world as bringing the globalist and the Green Party is which unleashed this strike, under its recently- in a dyke which is spring- you thought you knew it, Maastricht Treaty which has breaking apart under the “globalist” system in the adopted “CONPLAN 8022- ing leaks everywhere. (See the day before yesterday, dominated Europe since the deepening depression, and first place, was nowhere 22”, known as “Global feature story, p. 2) is no longer the same 1989 fall of the Berlin Wall, Schroder has announced more evident than in the Strike”. The purpose of such But it is not only paper world today.” to a screeching halt. Indeed, that the SPD will “run Cheney/Bush coup attempt strikes would be to terrify which is vaporizing. Al- On May 23, the radical the leading German daily against all parties” in a national against the U.S. Constitu- the world into submission most the entire U.S. auto rightwing Bush Adminis- Handelsblatt on June 1, re- election in mid-September, tion, whose purpose was to fascist austerity regimes industry, including the sec- tration was delivered a ported, “There are rumors meaning not only the con- not just to ensure their own á la Hitler in the 1930s De- ond and third largest com- sharp defeat, when seven which any reasonable per- servative parties, but also choices of judges, as pression, beginning with panies in the world, GM U.S. Senators of his own son would have considered against the fanatically anti- widely reported. Their real fascism in the U.S. itself. and Ford, are heading for Republican Party, joined so absurd a few weeks ago, growth, pro-austerity Greens. aim was to break the U.S. (For more on all this, in- bankruptcy, while much of with Senators from the that they would not even The entire world’s politi- Senate, in order to be able cluding LaRouche’s evalu- the U.S. air transport in- Democratic Party to defeat have merited a denial. Yet, cal geometry is shifting to launch nuclear first ations and his own decisive dustry is also bankrupt, what some Senators openly for the past few days, in rapidly, and, as LaRouche strikes against North Ko- role in these events, see and trying to unload hun- described as an “attempted financial markets, what is observed, a “new cultural rea and/or Iran as early as www.cecaust.com.au.) LaRouche, U.S. Senate Defeat Cheney Coup Attempt

June 1—Late in the day change in the Republican- Cabinet and judicial ap- situation.” Noting that the on May 23, in a series of dominated Senate which pointments, nor negotiate significance of the event events that most of the would destroy the Senate’s treaties, without Senate had been almost entirely world is yet to compre- role under the U.S. Con- approval. Cheney’s inten- blacked out of the Euro- hend, George W. Bush was stitution as a “check and tion was to both change the pean press, LaRouche said, rendered a “lame duck” balance” on an out-of-con- laws, as well as break the “An attempted coup d’état, President, just four months trol Presidency, a biparti- will of the Senate, so that such as that one just de- into his second term, as a san group of Republican the Bush Administration feated in the Senate, a coup move led by Vice President and Democratic Senators could act like Caesar in an- attempt within the world’s Dick Cheney to carry out defied him, and negotiated cient Rome. leading nuclear-armed a cold coup by destroying a compromise to keep the LaRouche, who had power, ought to be re- the functioning of the U.S. Senate functioning as it had played a crucial role in garded as of earth-shaking Senate, was dealt a dra- since the U.S. Constitution shaping the environment significance by any serious matic, stinging defeat. Just was ratified in 1787. Un- for the Cheney/Bush de- political leader in any part two hours before Cheney der that Constitution, the feat, noted in a May 28 of the world.” (who is president of the Senate is mandated to pro- statement that “The Mon- What must be under- Senator Harry Reid (l.), Democratic Party leader in the U.S. Sen- Senate, as well as Vice vide “advice and consent” day, May 23 events in the stood, LaRouche empha- ate. Lyndon H. LaRouche, Jr. (r.), the world’s leading economist, is President) planned to ille- to the President, who may U.S. Senate, mark a quali- sised, is the distinct nature rallying the resistance to Bush/Cheney. gally force through a rule not declare war, nominate tative change in the world Continued p.2 Web: http://www.cecaust.com.au Email: [email protected] Page 2 The New Citizen Extra June 2005

The Fuse Has Been Lit… The Ticking Derivatives Time Bomb n May 5, 2005 Stand- Oard & Poor’s down- graded the debt of the world’s largest company, General Motors, to junk bond status, and that of Ford Motor Company soon after. The combined debt of these companies—the second and third largest in the world—is $483 billion, greater than the entire con- tinent of Africa. Over- night, the volume of junk bonds (“below investment grade”) in the U.S. dou- bled to almost a trillion dollars, and a seismic shock was unleashed in the world financial system. The tsunami has not yet hit the shore, but the earth- quake which triggered it is In 1995, LaRouche issued his famous “Triple Curve” graphic, to clearly orders of magni- help people conceptualise the collapse. The curves do not repre- sent specific figures, but general trends. In order to keep the finan- Compare the rate of growth of derivatives (the classic form of “financial aggregates”), to the “financial tude greater than that cial aggregates afloat (derivatives, stocks, bonds, etc.), the finan- aggregates” curve in LaRouche’s Triple Curve. (Graph 1) which collapsed the LTCM ciers must 1) loot the physical economy (the bottom curve) and 2) hedge fund in September print money like crazy (monetary aggregates curve), to enable the 1998, which came within ever-expanding financial aggregates to continue to be bought and a whisker of bringing down sold. At the point where the rate of printing new money passes the the world monetary system, rate of growth of financial aggregates, hyperinflation takes off, as is as Fed Chairman Alan now happening with petrol, food and housing, for instance. A full- Greenspan admitted some scale collapse quickly follows. months later. are some 8000 hedge funds try”, or the 15 May London At the centre of this im- worldwide who control Sunday Times, which trum- pending cataclysm are risky, US$1 trillion in investors’ peted: “City Hedge Funds highly-leveraged and almost money; their managers are Head for Domino Collapse”. totally unregulated financial under pressure to return The Sunday Times observed, instruments called deriva- huge profits, of the sort “Bad investments by some tives, whose usage has which can only be gained of the biggest hedge funds soared over recent years through risky derivatives. in London have triggered (Graph 2) and whose annual As of May 5, these banks unprecedented losses, record turnover is now somewhere and hedge funds had in- demands for money back, between US$2-8 quadril- vested heavily in GM and talk of a death spiral lion! Most of the world’s bonds, but, in a typical weighting heavily on stocks major banks, including “hedge”, had also invested and bonds.” By far the great- those of Australia, are over in derivatives that bet the est portion of the world’s their eyeballs in derivatives. prices of GM’s stock would derivatives trade (in which (Graph 3) Not only are the go down, since if a compa- Australia ranks 7th world- assets and equity of each and ny’s bonds go sour, its stocks wide) is centred in the hedge all of the world’s major usually do, as well. This funds of the City of Lon- Australia is the world’s 7th largest derivatives player. The global collapse of derivatives now underway banks dwarfed by their de- time, however, for various don, so if they go, the whole will ensure the bankruptcy of all of Australia’s major banks. rivatives holdings, but the reasons GM’s stocks went shebang goes. nominal value of derivatives up, many derivatives trad- On the weekend of May hedge funds, who have al- a threat of enormous mag- felt soon enough else- worldwide far exceeds the ers lost their shirts, and the 14-15, the world’s central ready lost heavily on GM nitude. ‘[The bubble] where, including Aus- Gross Domestic Product world financial system banks went on an “emer- and Ford, are forced to sell grows like a cancer at the tralia.” (GDP) of the entire world started to teeter. Australia’s gency red alert mobilisa- stocks and bonds into a col- expense of its host, at the As LaRouche explained combined! These major media, like the Howard gov- tion”, one City of London lapsing market in order to same time that its appetite already in 1971, after U.S. banks have also loaned hun- ernment, has covered up this insider told LaRouche’s meet their anticipated inves- is growing, while the means President Nixon took the dreds of billions of dollars reality, but they are well Executive Intelligence Re- tors’ demands for withdraw- of satisfying the appetite are dollar off gold and collapsed to hedge funds, to allow aware of it. How could they view, to pump unlimited als. Will the whole world’s collapsing,’ he explained in the old, fixed-currency rate, them to buy or create still not be, when some of the amounts of money into the monetary system crash in a special edition of a New regulated and protectionist more derivatives, which world’s leading newspapers system, to keep it from July? No doubt some de- Federalist pamphlet. While Bretton Woods economic means that the banks’ posi- blared it in headlines? These blowing. As of June 30, the rivatives trader somewhere LaRouche’s views represent system, the new globalist tions are far more precari- included Switzerland’s Neue hedge funds have to report has placed a bet on it, one the extreme position,” the system, which favoured ous than even their own de- Zuercher Zeitung (known as their losses, and, as of July way or the other. AFR claimed, others are speculation above physical rivatives holdings would in- “the Swiss bankers’ paper”) 1, their investors are al- beginning to share them, production must inevitably dicate. Additionally, there which proclaimed on 12 lowed their once-a-quarter LaRouche on and “they will no doubt be collapse. In fact, the end of May, “GM Earthquake opportunity to pull their Derivatives Shatters Hedge Fund Indus- money out. Thus, the The one figure who fore- The New Citizen cast this speculative bubble Tax Derivatives! decades ago is Lyndon lready back in 1993, LaRouche proposed to Continued from Page 1 LaRouche, who over ten levy a 0.1% (one-tenth of one percent) tax Published & printed by: Citizens whole. It was this power A years ago started warning on every derivative trade (turnover), in order to Media Group Pty Ltd 595 Sydney of the U.S. Constitu- which President Rd Coburg Vic against derivatives in par- “dry out” the huge speculative bubble taking off tional system, as op- Franklin Delano Roose- PO Box 376 Coburg Vic 3058 ticular. (See Graph 1.) In already then, as well as to siphon liquidity from posed to the Anglo- velt used to mobilise the ACN: 010 904 757 1993, LaRouche’s New Fed- pure speculation into government coffers for Dutch parliamentary U.S. out of the Great Tel: 03 9354 0544 eralist newspaper issued a health care, education, infrastructure, etc. systems of Western Eu- Depression of the 1930s Fax: 03 9354 0166 pamphlet, “Tax Derivatives In early May, 2005, he re-issued his call for a Editor Craig Isherwood rope, which are mere and to win World War Speculation, Pop the Finan- tax on derivatives, not so much to raise money— Staff Writers Jeremy Beck, facades run by private fi- II as most of Europe cial Bubble, Rebuild the since the whole system is coming unravelled— Robert Barwick, Noelene nancial powers through succumbed to fascism, World Economy”, which but as the crucial first step to find out just how Isherwood the central banks. Though and which must be mo- the CEC circulated to every big the problem is, and to begin to regulate this USA Bureau Allen Douglas the principle has often bilised to deal with the MP and major media outlet global hyper-casino. The New Citizen newspaper is been violated, by its far greater crisis now the official publication for the in the country. On January Beginning in 1993, the CEC pushed hard for a Constitution the U.S. unfolding in the U.S. federally registered political 29, 1994, the Australian national derivatives tax for Australia, to tax specu- government, by contrast, and world today. For party, Citizens Electoral Financial Review opened a lators instead of slapping a highly-regressive GST has sovereign control over LaRouche’s full May 28 Council of Australia. major feature on deriva- on all Australians. To get a sense of the magnitudes national banking, to [be] statement on “The Im- Copies of this and past tives, by citing LaRouche: involved, as of 2004, Over the Counter (OTC) deployed for what the plications of the U.S. Sen- editions can be purchased as “We are, according to the derivatives turnover in Australia was $18 billion single copies by telephoning Constitution specifies as ate’s Action: Be Tolerant American polemicist Lyn- a day. Taxed at a mere 0.1% per transaction, this 1-800-636-432, Mon - Fri 9.30 the “general welfare” of and Compassionate”, see don H. LaRouche Jr, fac- would yield almost $100 billion in annual rev- - 5.00 pm or writing to the the population as a www.cecaust.com.au. above postal address. ing a ‘derivatives bubble’, enue. The New Citizen Extra June 2005 Page 3 Bretton Woods initiated the orgy of speculation, includ- ing in currencies, which led to the creation of deriva- tives in the first place. In his 1993 pamphlet, and in testimony of his repre- sentatives before the U.S. House of Representatives Banking Committee, LaRouche proposed a transaction tax to dry out the hyper-speculative trade in derivatives. (See box “Tax Derivatives!”)

What is a Derivative? In a poll taken some years ago, numbers of For- tune 500 corporation ceo’s admitted that they them- selves did not fully under- stand the derivatives trades in which their own corpo- rations were involved, so complicated were they. While the trades can be- come almost infinitely The end of the old Bretton Woods international monetary system in 1971 ushered in complex, the principle of Deregulation, economic rationalism and globalisation have caused our foreign debt to “globalisation”. This collapsed our manufactures—the cornerstone of national sov- skyrocket, and the living standards of most Australians to collapse, or to be partially derivatives is simple: it is ereignty and secure, well-paying jobs—and caused our current account deficit (our sustained only with huge amounts of personal debt. just pure gambling. And annual debt to the rest of the world) to soar. gambling, up until a few short decades ago, was out- (CBOT). These contracts books. However, reverse lawed in most civilised are called Exchange leverage can also set in: if countries because it was Traded Derivatives. How- they can’t sell the contract viewed as a social harm, ever, the overwhelming on to someone else, they both in itself, and because bulk of futures contracts are responsible for the full of the addiction, bank- don’t relate to real com- face value of it, which may ruptcy, crime, prostitution, modities, but are based be far more than they have alcoholism and other vices merely on financial instru- in liquid funds. Or maybe which often accompanied it. ments and currencies, and they just bet poorly, and But, bad as they are, pokies most derivatives are not what they expected to rise, and casinos are nothing com- traded on exchanges but plummets, and they lose pared to derivatives. “over the counter” (OTC) their shirt. That is typical of The most basic form of and are totally unregu- the process now under way. derivative is the futures lated. The single most contract, an obligation to widely-traded futures con- When the music stops… buy or sell an asset, com- tract in the world is the US The point is, as LaRouche modity, or financial instru- Treasury’s bond future. emphasised, the proverbial ment at some point in the But even the “futures” on 99.9% of derivatives con- future, at an agreed price. commodities, stocks, or tracts have nothing to do If you think of a real U.S. Treasury or corporate with the physical economy, transaction, where some- bonds are tame compared except in a negative sense, thing is exchanged for im- with most derivative con- to loot it, since they drain mediate payment, a futures tracts, which can be based money out of the real, contract is one step re- on any bet which two physical economy, even moved from that, such as counterparties want to while driving up the price Globalisation has caused personal debt to skyrocket along with national debt. A “hidden” part of the make, such as whether or of necessities of that sys- collapse in Australian living standards is the Hawke/Keating/Howard savaging of both hard infrastruc- when a farmer takes out a ture (water, railroads, energy etc.) and social infrastructure (health and education, in particular). contract to sell his crop in not the mere index of some tem, as derivatives traders one year at a set price. stock market will go up or are solely responsible for perform, that circles the Even this most basic form down or by how much—a the soaring price of oil and globe. The risks are now The Parliament’s Powers—and of derivative is a gamble: typical derivatives con- petrol over the last year or to the whole financial sys- the farmer is gambling that tract—or on the weather or more. And the world’s cen- tem. … The first bank that Responsibilities in a year’s time, the mar- anything else. And then you tral banks keep the print- makes a losing bet on both ket price will be less than have the derivatives on de- ing presses rolling almost sides [i.e. on its original bet he CEC has been conducting a campaign to wake- the price of his futures con- rivatives, which form their constantly, to pour in the and its “hedge” against that Tup our federal and state MP’s about the severe tract. If that is the case, he own market. Typically, added cash needed to keep bet] can bring down the crisis the world and Australia are now in, with the will make a profit. The derivatives traders will put the derivatives bubble liq- whole system.” greatest financial collapse in history roaring down on entity that bought the fu- down only a small amount uid, that is, so the deriva- All major banks, almost us. The attitude of most of these MPs has, to put it tures contract is gambling (“the margin”) of the face tives keep turning over. all hedge funds, and almost very, very mildly, left a great deal to be desired. Many that in a year’s time, the value of any contract they Because, like a housing or all of the world’s share and of them try to pass the buck to someone else, refuse market price will be buy, which gives them other bubble, when the bond markets are tied in to to meet to discuss the issue, or otherwise exhibit os- greater then the contract “leverage”, often of as music stops, someone is this system in one way or trich-like behaviour which will get us all killed. They price, and then they will much as 50 or 100:1, and left holding the bag. In this another—including almost have to wake up, and take responsibility such as the make a profit. they will turn over (sell) case, however, since the all of Australia’s superan- Italian Parliament did on April 6, when it passed a A huge amount of fu- huge numbers of contracts bubble is so huge, and en- nuation funds. Look at the LaRouche-sponsored resolution calling for the gov- tures trading takes place in very quickly. Though they compasses the entire world, difference between now ernment of Italy to immediately initiate moves for a commodities, like agricul- may only make a small it is not merely one or a and 1998, when the LTCM new world monetary system—a new Bretton Woods. ture products, mineral re- amount on any given trade, series of investors who will hedge fund almost brought (See New Citizen Extra, May 2005) sources, and oil, and is cen- by trading frequently, and lose, but the whole thing down the world monetary In fact, by our Constitution, it is the Federal Parlia- tred in places like the Chi- on leverage, they can will blow and everybody system. LTCM was a rela- ment’s responsibility to deal with such matters, and cago Board of Trade show a big profit on their will lose, including you, tively small fund by to- State MP’s have a responsibility as well, both by vir- because the entire world day’s standards, with $4.8 tue of being elected representatives in general, but economy will crash. John billion in capital which it also because our Constitution specifies their respon- sibility for “state banking”, which is invariably “Quadrillions”, Anyone? J. Reynolds, a member of had leveraged into over the Fidelity Investments $200 billion in debt, and interlinked with “national banking”. nnual world derivatives turnover has reached Australian Constitution: “Part V. Powers of the Par- somewhere between $US2 to $8 quadrillion Advisory Council in the $1.25 trillion in derivatives A U.S., in 2002 explained the contracts. Today, there are liament. dollars—no one really knows because most de- Section 51. The Parliament shall, subject to this rivatives trading is never reported anywhere. This systemic risk posed by this 8000 hedge funds, many “daisy chain” of deriva- of them larger and more Constitution, have power to make laws for the peace, figure is so staggering that it is difficult to even order, and good government of the Commonwealth imagine, but this may help you get some grasp of it: tives: exposed than LTCM was, “It is true, some deriva- who are also operating in with respect to: … tive contracts can reduce a far larger global deriva- (xii.) Currency, coinage, and legal tender; the risk of a single user. But tives market, making the (xiii) Banking, other than State banking; also the risk is just laid off onto detonation potential far, far State banking extending beyond the limits of the State someone else. Derivatives greater. concerned, the incorporation of banks, and the issue have now grown into a This is the nuclear daisy of paper money….” daisy chain of contracts, chain which was ignited on For what you can do to help these MPs wake up, Next stop, gazillions. one relying on the next to May 5. see page 4. Page 4 The New Citizen Extra June 2005 What You Can Do f you are disgusted with the globalist war-and-depression policies of both the Coalition and Labor, then join the CEC’s rapidly-growing movement to outflank this Isuicidal lunacy by forcing our Members of Parliament to take up the issue of the New Bretton Woods (NBW). Call or visit your MP or Senator to demand that they show the same guts and wisdom as the Parliament of Italy. They must publicly debate the NBW, and then adopt it. To put more pressure on these MP’s, mass distribute this paper, and circulate the latest petition for the NBW, for your state, which is obtainable from the CEC, or may be downloaded from the CEC’s website, www.cecaust.com.au.

Party Name Electorate Internet Address Phone Fax Party Name Electorate Internet Address Phone Fax Australian Capital Territory ALP Annette Ellis Canberra [email protected] (02) 6293 1344 (02) 6293 1068 LP Alexander Somlyay Fairfax [email protected] (07) 5471 6611 (07) 5471 6620 ALP Bob McMullan Fraser [email protected] (02) 6247 4396 (02) 6247 3457 LP Cameron Thompson Blair [email protected] (07) 3813 0088 (07) 3813 0077 New South Wales LP Ross Vasta Bonner [email protected] (07) 3893 3488 (07) 3893 3422 ALP Anthony Albanese Grayndler [email protected] (02) 9564 3588 (02) 9564 1734 Nats De-Anne Kelly Dawson [email protected] (07) 4957 6411 (07) 4957 2136 ALP Sharon Bird Cunningham [email protected] (02) 4228 5899 (02) 4228 5077 Nats Paul Neville Hinkler [email protected] (07) 4152 0744 (07) 4153 1752 ALP Chris Bowen Prospect [email protected] (02) 9726 4100 (02) 9724 6115 Nats Bruce Scott Maranoa [email protected] 1 300 301 964 (07) 4662 5149 ALP Tony Burke Watson [email protected] (02) 9554 3808 (02) 9554 3504 Nats Warren Truss Wide Bay [email protected] (07) 4121 2936 (07) 4122 3968 ALP Justine Elliot Richmond [email protected] (07) 5523 4371 (07) 5523 4379 ALP Laurie Ferguson Reid [email protected] (02) 9637 4713 (02) 9682 6320 ALP Kate Ellis [email protected] (08) 8223 5442 (08) 8223 5570 ALP Joel Fitzgibbon Hunter [email protected] (02) 4991 1022 (02) 4991 2322 ALP Steve Georganas Hindmarsh [email protected] (08) 8376 9000 (08) 8376 7888 ALP Peter Garrett Kingsford Smith [email protected] (02) 9349 6007 (02) 9349 8089 ALP Rodney Sawford Port Adelaide [email protected] (08) 8447 7466 (08) 8240 0018 ALP Jennie George Throsby [email protected] (02) 4262 6122 (02) 4262 6155 LP Alexander Downer Mayo [email protected] (08) 8237 7150 (08) 8237 7950 ALP Sharon Grierson Newcastle [email protected] (02) 4926 1555 (02) 4926 1895 LP Trish Draper Makin [email protected] (08) 8265 2236 (08) 8396 0785 ALP Jill Hall Shortland [email protected] (02) 4947 9711 (02) 4947 9722 LP David Fawcett Wakefield [email protected] (08) 8523 0555 (08) 8523 0511 ALP Michael Hatton Blaxland [email protected] (02) 9790 2466 (02) 9790 0770 LP Christopher Pyne Sturt [email protected] (08) 8431 2277 (08) 8431 2288 ALP Chris Hayes Werriwa [email protected] (02) 9829 7477 (02) 9829 7499 LP Kym Richardson Kingston [email protected] (08) 8186 4544 (08) 8186 4533 ALP Kelly Hoare Charlton [email protected] 1 300 301 798 (02) 4958 7055 LP Patrick Secker Barker [email protected] 1 800 182 328 (08) 8531 2124 ALP Julia Irwin Fowler [email protected] (02) 9755 7911 (02) 9755 7922 LP Andrew Southcott Boothby [email protected] (08) 8374 0511 (08) 8374 3071 ALP Robert McClelland Barton [email protected] (02) 9587 2344 (02) 9587 8047 LP Barry Wakelin Grey [email protected] (08) 8633 1744 (08) 8633 1749 ALP Daryl Melham Banks [email protected] (02) 9774 2111 (02) 9774 5461 Tasmania ALP John Murphy Lowe [email protected] (02) 9745 4433 (02) 9745 2825 ALP Dick Adams Lyons [email protected] 1 300 132 689 (03) 6398 1120 ALP Julie Owens Parramatta [email protected] (02) 9689 1455 (02) 9689 3813 ALP Duncan Kerr Denison [email protected] (03) 6234 5255 (03) 6223 8560 ALP Tanya Plibersek Sydney [email protected] (02) 9357 6366 (02) 9357 6466 ALP Harry Quick Franklin [email protected] (03) 6263 5155 (03) 6263 5050 ALP Roger Price Chifley [email protected] (02) 9625 4344 (02) 9832 2641 LP Mark Baker Braddon [email protected] (03) 6431 1333 (03) 6431 5680 Ind. Peter Andren Calare [email protected] (02) 6332 6229 (02) 6332 6240 LP Michael Ferguson Bass [email protected] 1 300 135 497 (03) 6331 0093 Ind. Tony Windsor New England [email protected] 1 300 301 839 (02) 6761 3380 Victoria LP Tony Abbott Warringah [email protected] (02) 9977 6411 (02) 9977 8715 ALP Anna Burke Chisholm [email protected] (03) 9898 0675 (03) 9890 5636 LP Bruce Baird Cook [email protected] (02) 9525 8200 (02) 9540 1587 ALP Anthony Byrne Holt [email protected] (03) 9796 7533 (03) 9796 7088 LP Bob Baldwin Paterson [email protected] (02) 4983 1330 (02) 4987 5444 ALP Ann Corcoran Isaacs [email protected] 1 300 658 993 (03) 5995 2909 LP Kerry Bartlett Macquarie [email protected] (02) 4751 7494 (02) 4751 7495 ALP Simon Crean Hotham [email protected] (03) 9545 6211 (03) 9545 6299 LP Bronwyn Bishop Mackellar [email protected] (02) 9972 2355 (02) 9972 2366 ALP Michael Danby Melbourne Ports [email protected] (03) 9534 8126 (03) 9534 1575 LP Alan Cadman Mitchell [email protected] (02) 9899 7211 (02) 9899 7990 ALP Martin Ferguson Batman [email protected] (03) 9416 8690 (03) 9416 7810 LP Pat Farmer Macarthur [email protected] (02) 4627 9644 (02) 4627 9622 ALP Steve Gibbons Bendigo [email protected] (03) 5443 9055 (03) 5443 9736 LP Joanna Gash Gilmore [email protected] (02) 4423 1782 (02) 4423 1785 ALP Julia Gillard Lalor [email protected] (03) 9742 5800 (03) 9741 6213 LP North Sydney [email protected] (02) 9929 9822 (02) 9929 9833 ALP Alan Griffin Bruce [email protected] (03) 9547 1444 (03) 9547 7944 LP John Howard Bennelong (02) 9816 1300 (02) 9816 1349 ALP Harry Jenkins Scullin [email protected] (03) 9467 8055 (03) 9467 1407 LP Jackie Kelly Lindsay [email protected] (02) 4732 2844 (02) 4732 2640 ALP Catherine King Ballarat [email protected] (03) 5338 8123 (03) 5333 7710 LP Sussan Ley Farrer [email protected] 1 300 303 203 (02) 6021 6620 ALP Jenny Macklin Jagajaga [email protected] (03) 9459 1411 (03) 9457 5721 LP Jim Lloyd Robertson [email protected] (02) 4325 1604 (02) 4323 4555 ALP Brendan O’Connor Gorton Brendan.O’[email protected] 1300 653 421 (03) 9744 7940 LP Louise Markus Greenway [email protected] (02) 9622 1533 (02) 9831 6488 ALP Gavan O’Connor Corio [email protected] (03) 5221 3033 (03) 5222 4505 LP Gary Nairn Eden-Monaro [email protected] (02) 6297 3952 (02) 6297 5768 ALP Nicola Roxon Gellibrand [email protected] (03) 9687 7355 (03) 9689 6523 LP Brendan Nelson Bradfield [email protected] (02) 9465 3950 (02) 9465 3999 ALP Bob Sercombe Maribyrnong [email protected] (03) 9331 1922 (03) 9331 1925 LP Philip Ruddock Berowra (02) 9482 7111 (02) 9482 7018 ALP Lindsay Tanner Melbourne [email protected] (03) 9347 5000 (03) 9347 1351 LP Alby Schultz Hume [email protected] (02) 4822 2277 (02) 4822 1029 ALP Kelvin Thomson Wills [email protected] (03) 9350 5777 (03) 9350 6613 LP Ken Ticehurst Dobell [email protected] (02) 4334 1930 (02) 4334 7144 ALP Maria Vamvakinou Calwell [email protected] (03) 9309 3655 (03) 9309 4255 LP Malcolm Turnbull Wentworth [email protected] (02) 9369 5221 (02) 9369 5225 LP Kevin Andrews Menzies [email protected] (03) 9848 9900 (03) 9848 2741 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(03) 5572 1141 Northern Territory LP Greg Hunt Flinders [email protected] (03) 5979 3188 (03) 5979 3034 ALP Warren Snowdon Lingiari [email protected] (08) 8952 9696 (08) 8952 5922 LP Stewart McArthur Corangamite [email protected] (03) 5243 8766 (03) 5241 1927 CLP David Tollner Solomon [email protected] (08) 8981 3434 (08) 8981 8731 LP Sophie Panopoulos Indi [email protected] (03) 5721 5377 (03) 5721 8196 Queensland LP Chris Pearce Aston [email protected] (03) 9887 3890 (03) 9887 3893 ALP Arch Bevis Brisbane [email protected] (07) 3356 1555 (07) 3356 6711 LP Andrew Robb Goldstein [email protected] (03) 9557 4644 (03) 9557 2906 ALP Craig Emerson Rankin [email protected] (07) 3299 5910 (07) 3208 8744 LP Tony Smith Casey [email protected] (03) 9724 9222 (03) 9724 9220 ALP Kirsten Livermore Capricornia [email protected] 800 646 903 (07) 4922 6607 LP Sharman Stone Murray [email protected] (03) 5821 5371 (03) 5821 8429 ALP Bernie Ripoll Oxley [email protected] 1 800 640 839 (07) 3818 1181 LP Jason Wood La Trobe [email protected] (03) 9762 4066 (03) 9762 9847 ALP Kevin Rudd Griffith [email protected] (07) 3899 4031 (07) 3899 5755 Nats John Forrest Mallee [email protected] (03) 5032 4510 (03) 5032 9407 ALP Wayne Swan Lilley [email protected] (07) 3266 8244 (07) 3266 4263 Nats Peter McGauran Gippsland [email protected] (03) 5144 6744 (03) 5144 3945 Ind. Robert Katter Kennedy [email protected] (07) 4061 6066 (07) 4061 6566 Western Australia LP Mal Brough Longman [email protected] (07) 5495 6290 (07) 5498 3307 ALP Kim Beazley Brand [email protected] 1800 016 023 (08) 9592 1361 LP Steven Ciobo Moncrieff [email protected] (07) 5591 1011 (07) 5532 3187 ALP Graham Edwards Cowan [email protected] (08) 9409 2022 (08) 9409 2266 LP Peter Dutton Dickson [email protected] (07) 3205 9977 (07) 3205 5111 ALP Carmen Lawrence Fremantle [email protected] (08) 9335 8555 (08) 9336 1059 LP Kay Elson Forde [email protected] (07) 3807 6340 (07) 3807 1990 ALP Stephen Smith Perth [email protected] (08) 9375 9855 (08) 9375 3100 LP Warren Entsch Leichhardt [email protected] (07) 4051 2220 (07) 4031 1592 ALP Kim Wilkie Swan [email protected] (08) 9470 4131 (08) 9470 4138 LP Teresa Gambaro Petrie [email protected] (07) 3283 4277 (07) 3284 1379 LP Julie Bishop Curtin [email protected] (08) 9388 0288 (08) 9388 0299 LP Gary Hardgrave Moreton [email protected] (07) 3217 1700 (07) 3217 1420 LP Barry Haase Kalgoorlie [email protected] (08) 9021 2035 (08) 9021 2251 LP Michael Johnson Ryan [email protected] (07) 3720 2599 (07) 3720 0277 LP Stuart Henry Hasluck [email protected] (08) 9493 6317 (08) 9452 8799 LP David Jull Fadden [email protected] (07) 5580 0355 (07) 5580 0366 LP Dennis Jensen Tangney [email protected] (08) 9316 3633 (08) 9364 9971 LP Andrew Laming Bowman [email protected] (07) 3821 0155 (07) 3821 3799 LP Michael Keenan Stirling [email protected] (08) 9443 3200 (08) 9443 3477 LP Peter Lindsay Herbert [email protected] (07) 4725 2066 (07) 4725 2088 LP Judi Moylan Pearce [email protected] (08) 9294 3222 (08) 9294 2888 LP Ian Macfarlane Groom [email protected] (07) 4632 4144 (07) 4638 2147 LP Geoffrey Prosser Forrest [email protected] (08) 9791 1146 (08) 9721 3974 LP Margaret May McPherson [email protected] (07) 5525 0688 (07) 5525 0477 LP Don Randall Canning [email protected] (08) 9390 1211 (08) 9390 1255 LP Peter Slipper Fisher [email protected] 1 800 646 901 (07) 5443 7270 LP Wilson Tuckey O’Connor [email protected] 1 300 301 868 (08) 9842 6006 LP Mal Washer Moore [email protected] (08) 9300 2244 (08) 9300 2245

Get Your Free Book!✝ Watch LaRouche’s In August 2001, the CEC first pub- For a limited time, as part of the campaign to secure a Webcast! lished its remarkably-prescient book, New Bretton Woods, we are offering a free copy of As covered briefly in this newspaper, seismic What Australia Must Do to Survive the the book to anyone who calls or sends in the coupon changes are underway across the globe, in the Depression, 50,000 copies of which are below. Among other topics, the book includes chap- financial, political and strategic realms. At the now circulating throughout Australia. ters on: centre of these developments is Lyndon H. La- ✁ Rouche, Jr., the man who has, for the last four * LaRouche’s 25-year fight for a just World Economic ✝For a FREE COPY of the CEC's book, call toll-free decades, forecast the now-ongoing global finan- Order. 1800 636 432 or send in this coupon to CEC PO Box cial collapse, and explained the cultural/economic * The CEC’s record in that fight. reasons for it. LaRouche is the author of the “New 376 Coburg Vic 3058, and leave all your details below. * What the New Bretton Woods is and how it will Bretton Woods” program to replace the collaps- Name: work. ing globalist regimé with a return to sovereign * Rebuilding Australia. nation states, and to the policies by which the * The Eurasian Land-Bridge great project for global Address: world rapidly recovered from World War II. recovery. * The complete text of the CEC-drafted legislation The live broadcast will start at 3am Eastern Stand- for a new national bank. Phone: ard Time (East Coast of Australia) on June 17th, * And much, much more. but will be available from archive soon thereafter. Email: Website: www.larouchepac.com