There is something very wrong with the east coast media when it fails to report the following from the WSJ:
Resource-rich Western Australia state will create its own form of sovereign-wealth fund to help store away earnings from the sale of vast quantities of iron ore and minerals to Asia, the region’s premier said Tuesday.
The investment vehicle will be comparable to the existing 73.07 billion Australian dollar (US$78 billion) Future Fund set up by the Commonwealth government in Canberra, which covers public pension liabilities, state Premier Colin Barnett said.
“The Treasurer will announce details of a Future Fund as part of the forthcoming State Budget and will introduce legislation to establish the Fund later this year,” said Mr. Barnett in his speech to the opening of the state’s parliament. “The Liberal-National Government is committed to ensuring future generations of West Australians have a legacy from this historic period of development, built predominantly on the significant but finite resources available to us at present.”
Western Australia is following the example of some oil-rich sheikdoms of the Middle East, which have led the way in accumulating vast assets in sovereign wealth funds. In doing so Mr. Barnett could put pressure on Prime Minister Julia Gillard’s minority Labor government, which has repeatedly rejected the idea of establishing a new fund to store away revenue from what some analysts describe as a “once in a century” mining boom.
It is time that the West Australian government learn another lesson from the Middle East: might is right. For too long have the effeminate decisions of east coast dandies prevented Western Australia from fulfilling its destiny as not just Australia’s leading state but ruling Australia outright.
Consider. Here is a chart of monthly trade balances of the various states:
This situation is untenable for Western Australians. Their wealth is being siphoned off by the great eastern parasites who are living high on the hog at Western Australian’s expense. The West has been enslaved by the East for too long. It’s time for the wheel of karma to swing about.
Col. Barnett of the ruling Western Liberal Front must seize this historic moment. The East is weak. For decades it has descended into decadence as it used other people’s money to trade houses as if they were commodities. But they weren’t. They aren’t. The Chinese don’t buy houses by the megacarrier load. They buy dirt. Western Australian dirt.
Now, successive years of austerity in the mold of the European periphery has pushed a corrupt regime into historic decline. The peoples of the East are depressed, their houses falling in value, their hopes of a second and third investment property and retirement by 28 shattered. The utterances of Tim Colebatch are typical, dripping with entitlement and the degenerate neediness of the succubus:
The bottom line is that 77 per cent of the trend growth in spending over the year was in WA and Queensland, which have 30 per cent of the population. Only 23 per cent was in the rest of Australia, which has 70 per cent of the population.
Since the start of the GFC, Australia has added 92,000 jobs in mining and 62,500 in construction. But by November it had lost 127,000 jobs in manufacturing, almost as many as in the entire 1990-91 recession.
On current trends, there will be a lot more jobs lost in the cities where Australians live, where their partners work, their kids go to school, where they have their homes, their families and friends.
As Liberal senator Arthur Sinodinos and Labor’s Doug Cameron emphasised to Parkinson, the ”structural adjustment” that costs them their jobs has to generate new jobs where they live, not on the other side of the continent.
They are ripe for the picking.
I know Western Australia has no standing army while the East does. But think about it. A declaration of secession would instantly bankrupt the Eastern parasites. Their own army would be impoverished and starving within a week. A small and well drilled army of mercenaries contracted from Sandline would be sufficient to demoralise the Eastern forces. A swift offer of improved pay conditions and free pies would see them flood across the border, leaving the East defenseless. Col. Barnett will ride a mining behemoth into the heart of Sydney, Melbourne and Canberra unopposed, to the cheers of local degenerates desperate for the liberation of employment.
Even as we claim our Eastern prize, the tactical seizure of Pine Gap would be sufficient to keep the US sympathetic to the Western Australian invasion and a quick declaration of loyalty to WANZUS would prompt the State Department to force recognition of Western Australian sovereignty through the Security Council.
Think on the benefits a moment. Canberran residents would be forcibly relocated to the Pilbara to become slave labour in the mines. The old city of this mock capital would be razed and the earth of its high plateau salted so as to become uninhabitable for a thousand years. The leech of mining taxes would be squashed permanently and rivers of gold will flow uninterrupted to Western Australians on both counts!
And it need not stop there. Our boundless riches can then finance Western Australia’s push into the Western Pacific. For too long have the sheep herders of the Kiwi Isle stood against us. There, peasantry knows no bounds, tilling the earth when it is there, virgin and prostrate, to be dug. Beyond that lies the Great Western Australian Empire!
The East is soft. It’s moment has passed. In its place must rise a new Australia, a Western Australia, a paragon of mining manhood, rippling with bronzed, pick-wielding vitality. A teutonic mining state upon which all will look and despair!