Adam Stokes Interviews Senator Gerard Rennick on Australia's Future

talk to you about the future of Australia. Adam Stokes, one of the interviewers, sat down with Senator General Rennick about the future of the with well mostly Australian politics and the economy from his point of view, the policies of inflation, central banking, national sovereignty, etc. So they go on to continuing on issues like labor and liberal liberal and labor through their debate stages from the elections. Who's

in charge in Australia? Have you ever been threatened? Where the politicians judges exempt from taking the vaccine and talk about a lot of vaccine situations, How Australians feel so poor, Where is Australian text, money is going, et cetera. Those kind of issues. So right now it's about well, the clip's about thirty four minutes and fourteen seconds on the clip. If you want to have any comments or questions about

either myself or with Michael Clogg's Depictions Media. You can go online wo wo wo dot Depictions d E P I, C T I O N S dot Media and follow the links there to get a contact to Otherwise, his email address is Michael at Ribbon's Marketing and Networking dot

com or his Depictions Media Michael at Depictionsmedia dot com. Anyways, I'm going to go over to now the clip of the Senator Jerald Rennick on Australia's future and their beliefs on it, mostly again on Australian politics and Australian economy. You can always email me sent to DJ that's my old email. Sorry, Gums and met Poles at gmail dot com for you know, for music that I do for Gums of Meat, Poles Radio or on Depictions Media. Thank you very much, and of course here's the clip, and

I will talk to again soon. Have a great day and we'll again. We'll talk to you again soon.

liberal get on the mainstream media. Note also, this is neither an endorsement nor disendorsement for the Senator, but rather just an opportunity for us to hear what he has to say and provides you insights therefore options when it comes time to vote. To all Australian political leaders, irrespective of what side of the aisle you sit on, you are always welcome on this channel, so you can speak freely and Australia can hear what you have to say.

Whilst on this channel we're typically accustomed to interviews going for several hours. We have to respect that the Senator is an immensely busy man. Therefore, I'm very grateful for the time that he gave me. This is my interview with the good Senator, Senator Rennick. Thank you for joining me this morning.

things people first wants to do. But at the same time, people are looking for alternatives, and I think it's up to the mainstream media to provide those alternatives. And I'll give you another good example. Just last night Sky News, Paul mara on Sky News had Bob Catter, Pauline Hanson, and Matt Cannaban on and was calling them the renegades. And yet that's true, but two of those candidates, Pauline and Matt canaban weren't even running, you know. And yet

again it's sort of like we're Whiting. You have Senate candidates from Queensland who were running. But you know, this is the sad fact. Even Sky that used to start off as sort of so called being an alternative of the mainstream media, they're not at all. They're just part of the establishment as well. And you know, when you've got people struggling with the cost of being and having many people have suffered through government neglect, whether it's through

bank loans. You know, they've lost money from banks and then the government hasn't held the bank accountable, whether it's the vaccine injury issues, farmers having their farm land, or their neighbors put up a dirty, big stinking wind turbine next to them. People are tired of being stood on by the establishment. And that's one of the things we want to do people first is protect the individual, and we're bringing in word protection isn't back.

of the hands of the establishment. So look, yeah, it's annoying how the mainstream media're only focused on the two major leaders because that neither of them have much to offer, and there are alternatives out there will be the miners, I think, do need to lift their game as well.

an agenda. You know, before I got into Parliament, I used to think the bureaucracy was just a bunch of bumbling bureaucrats, you know, like we all make mistakes and they'd engage in a bit of ass covering, you know, which is a natural sort of human trait for people to do. But since I've been in there, I've realized a lot of these people now have adopted the narrative or an agenda that's against the Australian interests of the

Australian people. And when I say agenda, a lot of it the agenda is purely self interest in the sense that they don't want to speak up because they'll lose their job, like I did with the Liberal Party. So obviously the first agenda is self interest when you but this is where the media and the big super funds, and when I say big super and big corporations are pretty much hand in hand. Now we have over three trillion dollars tied up in capital in non self managed

super fund superinneration. So when you control that much capital, you do control industry. So an industry now is controlled by let's say between twenty five so about almost twenty industry funds and about ten big retail funds. None of their boards are elected, they're selected. So we have all this capital now that is controlled by people who were never, never held to account. And then of course there's big media,

and since we've abolished across media ownership laws. Big media has been basically reduced to the ABC News Corp And Fairfax nine. I mean Channel seven and Channel ten have a little bit of influence, not much, so.

here's the other thing too, the executive. We don't have true separation of powers in this country.

the parliament. Now those forty people control the other fifty backbenches. And I saw it in my time in the Liberal Party that very few people today will get up and speak in the party room against what the ministers want because they know their careers will be damaged. So I would we need I mean, this is hypothetical, but it

doesn't have to be. We need to get our ministers outside of parliament and do it to the United States doesn't have their executives, so your secretary of State, secretary of Trade or whatever, outside of the actual parliament itself, because they have way too much influence. And of course the executive the executive are the ministers. Most of these ministers come from safe seats to win a pre selection in a safe seat in one of the major parties,

you have to be a party hack. In other words, you know you joined the party when you started university. You know you're sucked up throughout the young OLMP, young labor. So you spent your life sucking up to get into the ministry, and then by the time you're in the ministry you don't know how to say so. And very few of these people are subject matter experts. I mean, you look at the last two health ministers, Greg Hunt and Mark Butler, or even Jim Chalmers is an economist,

did his poh down Paul Heating? I mean would he doesn't really know? You know, he would if I asked him what the way to average cost to capital is? To calculate way to average cost to capital? I doubt that he'd have a clue about what I was talking about. So, you know, economists aren't accountants. That's something that many of you listeners might be aware of. So ultimately it's this

punch and duty show between the two major parties. But the real puppet masters are the ones behind the stage, and they're the big four that I just mentioned before, big media, big bureaucrats, big corporations, big Suber.

Have you ever been threatened for being a Senator of the way that you speak.

a bad injury from the flu itself. So yes, I've been threatened by my colleagues, not in a physical sense, but you know, with my pre selection and in the end I lost my pre selection because of what I did. But you know, I've got to live with my own conscience. And even though I'd like to get back in and serve for another six years, it would have killed me during another six years inside the Liberal Party living in

the law. So I sort of if I don't get back in, at least I can sort of free my conscience of the self loathing, of not being true to myself and true of my values and serving Australian people and hence, while we call that party people first. But so, yeah, I've been threatened.

in the Liberal Party, you know, you can defect. I mean, once you're in, you're in. I mean you're basically you can only get kicked out if you're a bankrupt or commit a crime. If I'm not saying, I think they're the two ones you can get kicked out for, so effectively, that's correct. I mean, I think the proper way to put it is is that it was in mandates when it plays on federal politicians and judges in the same way that it plays on everyone else.

But technically that's because of the separation of powers. So you can't tell a judge what to do. Politician can't tell a judge what to do for the obvious reason, and that every time that you wanted to sue a politician or the government, the politician tell the judge to say not guilty. Right, that's why it happened. I mean, the issue isn't that they've got exemptions. The issue is the double standards, because it's not we like I said,

we couldn't tell the judges. What's not not that I was telling them what to do this this is obviously the ministry. But it was the double standards. It's the hypocrisy of the double standards. And that's what stemps There's one law for them and another for us. Even though I am one of them, I see myself as one of you.

His final salary is thirty seven per cent of his final income, which is four hundred hours knowledge a year until he dies. If he's fifty six now, it lives under thirty years till he's eighty six. That's twelve million bucks, despite the fact he's probably already a multi millionaire, given that he's been paid over a million bucks in the last seven years. So yet again, why isn't he means tested to get his pension? And I'm talking about the define benefit.

I'm not talking about your contributions. That's a different thing where it's vested. I'm talking about the part where it's not vested and the tax payer has to stump up the difference. And the thing about that scheme is the wealth. The more you are paid throughout your working career, the more you get when you retire, when it should be

the other way around. The whole idea of the pension is to help those people that had low incomes throughout their working career but kept working because there's always you know, the cost of aasets, the cost of living and all that stuff's a relative concept, right, There's always going to be people earning the bottom in the bottom, the lower fifty percent of wage journers, right, So the cost of everything is a function of purchasing power. So it's the

bottom fifty percent that still worked for forty years. You know, I was just here late last night in the office and a cleaner came in eleven o'clock. You know, it should be paid pittance, But they're are cleaning rooms and things like that. And those people deserve our respect because they work hard. They work shift with a lot of these people's shift workers. And you know, they're only getting through a percent of a fifty income, whereas the wealthy

people get to a percent of a high income. So the whole idea of this define benefit been percentage of your final incomes. Quite it's counterintuitive because really it's the other way around. It's the lower incomes that should be getting the high well not not necessarily a higher pension other people, but you want to pension that's acts as a safety net, but not as a hammock. And this defined benefits schemes are hammock. I mean, some of these people are just not they're getting paids outrageous.

of thin air. Now that's an oxymoronic statement. All money is printed out of thin air, and it's been printed out of thin air, but in the last four decades by the Japanese Central Bank, originally in the late eighties, and then green Span started to turn it on in the late nineties early two thousands, as did ThEC BE. So all central banks print money. They've been issuing bonds through quantitative easing for about well, if you start with

the Japanese in the late eighties. For what's that three decades now, so that's a myth, and central banks have been doing it except for except for the RBA, for the one exception of COVID where they did print three hundred million dollars which was to pay people to stay at home and do nothing right, which was completely absurd. Now, if you know what a balance sheet looks like, you've got an asset on the right hand side of your balance sheet. On the right hand side, you've got this

thing called capital, which is either debt or equity. Right, this is an arbitrary construct. Debt or equity is either it's either a mortgage it's a legal document mortgage or its title. We have title, so that equity title is equity.

Like that happens all the time on the stock market. As a country, we can issue new shares against assets that produce wealth or give us wealth.

in those soils. How do we get wealth? We answer that question every time we sing the national anthem. It is wealth for toiled.

issue rue share and call it unsapped wealth. It is going to own an infrastructure bank owned by the people of Australia via the federal.

go slightly off on attention to here. If we build a dam for billion dollars today and we borrow that money from offshore, which is what we do, that means the first billion dollars in wealth we create we have to repay offshore because we're using another country's printing press. We then have to play at least another billion dollars in interest, let's say twenty five years at four percent. We've just given up two billion dollars worth of capital

of wealth because we don't understand capital management right. Capital management when you're dealing with a business is king okay, And we have to understand, we have equity over all these resources. So if we issue a bond to the Queensland State government to build a dam, for anyone, an issue a billion dollar bond, you just paid five million dollars a week to pay for concrete wages, you know, the d tens to build a dam whatever. So a

lot of that money would be generating profits. A lot of that money be coming straight back to camera in the form of taxes anyway, right and employing people, and then you'd get payroll tax, you'd get GST et cetera, et cetera. So after say two years of dam construction, you'll end up with two billion dollars in work in progress.

to private banks. So that way we lower rates and we are basically keeping the cost of finance in our own countries, so we are not paying other countries to use interest to use our own currency or to use someone else's currencies, and we're retaining the capital wealth, you know, the capital, the true wealth ie capital equity, capital that is generated when that's rainfalls from the sky every year.

So if we drop a bull in a paddic with twenty cows and if he's any good as a bull, and we come back next year, we've got fifteen twenty carbs. That is wealth coming out of the sky every year. We just need to make sure that wealth is directed back to us and stays in our country, so it goes as dividends to our children and not as interest off shore.

one point four billion dollars dollars in sales here. They shifted a billion dollars off shore to Island for royalties White Island and because file Advisor most of the factories that aren't even in Ireland. You know, if I engage a plumber here on in Queensland on Facebook, that Facebook ad goes over ease. That's ridiculous, right, like the money we paid Fiser Island to advertise on Facebook, for example. So the reason for that is Island has a withholding

tax rate on royalties of ten percent. Right, they have a company, so we have a withholding tax rate paid to Island of ten percent, so that's money going off shore. And Island has a company tax rate at twelve and a half cents, So ten plus twelve and a half is twenty two and a half cents. That is less than thirty cents. So one of the big myths we've been told is that you can't have double taxation. That's a lie. What you can't have a nonstructured tax deals

it's the cumulative rate of tax that matters. So you can go through four countries. When I work the Westfield when they shift money home, they would go through four countries to zero zero zero, and then there was a ten percent with holding tax on dividends paid back to Australia. We were taxing money coming back into Australia, but we let often let money go off shore for free. Right, So there's a couple of other sections the Act to

goes off shore for free. So we need to lift the offshore that the rate of tax on offshore profits and bringing the onual rate of tax here. Now, I might offend so many viewers here because I know everyone in this country loves franking credits. But franking credits is killing us because what's happening is more and more people retire. They paid no income in their super funds. As I said before, super funds are getting bigger and bigger and bigger.

They estimate super had about eight to nine trillion dollars in capital by twenty fifty. That means all that money that is paid to Canberra, like for thirty cents and a dollar, more and more of that is getting refunded back to people in retirement. Now, I think we should have a ten percent company tax rate. But he's the rub No franking credits and then people pay again on

their marginal rate attax. Notwithstanding, we want to increase the tax tree threshold the forty fifty to sixty thousand dollars.

with holding tax. We're worse off two hundred million dollars. Island's better off one hundred and twenty five million dollars, and Files is better off by seventy five million.

to pay tax on the interest that they pay off. Sure, so you will me putting you know, put money in the bank and earn interest on that. We have to pay tax on that. Big banks, if they do it through yeah, they've got it's a public offic test. So they do have to issue it in a primary market. But if they hold those bonds from the primary sale, they don't pay withholding tax on that. So yet again

you can't justify giving foreign banks tax break. So I would like to think that if we were to wake people up on these issues, and hence why I'm asking for people to vote for me, just ye, league, because not many people understand the Tax Act like I do, and we've got to close these tax loopholes. This is what we've got to do, is that we've got to get the word out there is how we've been shafted

with our monetary system. As I've just explained before, So our monetary system, so people understand with our renewables, how we've shut down locally domestically sourced energy supplies and then replaced them with foreign renewables that are seventy percent aimed by foreigners. We've done that for our debt, our money, right, our capital. We're doing it with our taxation system, we're doing it with immigration. I was just talking to a

hairdresser last night. If they know they can't get hairdressers, but I think the standard wage for a hair dress is about fifty five sixty thousand dollars, or at least the starting wage they import hairdressers. They've got to pay those hair dresses seventy five thousand at least. Yeah, yeah, that's yeah. So it's amazing all these little things that are out.

what it is. And by background, one of my degrees is in economics, and I've got to admit I actually didn't truly understand money until I really got into bitcoin and crypto, and I'm now seeing that there's this huge issue with of course inflation, and we're blamed for inflation. When I buy a cup of coffee, the government says it's my fault because I spent too much money. But the reality is inflation is the inflation of the money supply as opposed to me buying a cup of coffee.

It takes twenty five twenty years to get a damn construction. Some of these infrastructure projects have a very long lead time before they start being used. So the interest costs is huge and the cost of finance is killing the capacity of the government to build it. The Infrastructure Bank will increase the supply of goods and services, ie more power stations, more dams, better roads, faster roads you can travel.

That will make it more efficient. If you build more power stations that supply more energy, you will push down the price of energy. So that's the other thing, and that's why this Infrastructure Bank.

car manufacturer or supply retailer. So in Australia we embrace the Internet of knowledge. Now that we have the Internet of value. Why aren't we adopting a bitcoin reserve in Australia, particularly when you're also consider with the amount of gas flittering in Australia, that's a lot of free energy that we can tap into and simply mind free money. What are your thoughts.

luck to you. We as a government, our responsibility is very simple. Get out of people's personal lives, but protect but provide them the essential services that an individual can't build, like tunnels, ports, power stations. So my reserve would be an infrastructure reserve, a little bit like a wealth fund, but a wealth fund that delivers essential services. So we've got to own the ports, to power stations and those

things where there's very inelastic choice. So you know, there's only one road between well, there's actually a couple of roads between Brisbane and Sydney.

where there's a lack of elasticity of choice whereby. And not only that, if you privatize infrastructure you then get obviously agency cost because those people that are running those big power stations or ports or whatever aren't going to better if a power station, if your energy prices go up, No one's going to go and protest out in front of Macquarie Bank. They're going to protest in the front of government. So our role is to provide essential services

pretty much full stop. I mean obviously includes the fans of course, but in terms of the way the private market works, and I see bitcoin as a private market facility, then it's up to you guys to make it what you will. And if you want to adopt a set of rules or whatever within that market, that's fine. But that's when we like So I don't think government should, for example, become fruit wholesalers dealing fruit, become butchers or sell fruit, or engage you have become bricklayers or anything

like that. It's purely those big monopolistic, inelastic competition type assets and generate profits from that to provide hospitals and schools.

internationally recognized. And even if the if the our paper collapses. That's the point of gold. It's a store of wealth. It's not a it's not a transaction item where you know. I mean people can use it and it will be if we collapse as a country, you'll be using it to transact in goods, goods and services because no one will recognizes training dollary to sort of suddenly not be Australia anymore.

a bond secured by infrastructure asset. Right, you've got security against the paper asset, right, similar for bitcoin until such time as it's got security against the hard asset, it's still only electronic asset in this case.

I wouldn't need currency at all. Right, So ultimately, if you're going to get if it's all going to go to hell and a hand basket and we're going to go back to sort of subsistent living, and you know, it's sort of some sort of crazy sorry, you know, Lord of the Fly scenario, you want your own self reliant skills.

often think to myself, what skills do I have? It all went outside of pushing your panic shock like paper, So that's what I mean. Like, ultimately the end of the day, you know, there's a lot to be said for having something real world skills.