.

What is dead money?

Municipalities do not and can not have the same authority as a Government and Parliament 

because Municipalities are not included in the Commonwealth of Australia Constitution Act.

Running the Country on a debt basis and the politicians then say we can service the debt.
But how do we service the debt? We service the debt with Dead Money. 

What is Dead Money? Dead Money is Taxation, Loans, Mortgages and Interest.
Fines, penalties, Land Tax, Municipality Council Rates, Licence fees, agency fees.
.
This expense is money paid by most Individuals, Businesses and Farmers.
This is the first part of Inflation and has nothing to do with normal expenses.
.
Normal expenses is wages and normal other expenes what the Company requires such as,
goods purchased for the normal sales by the company to then provide a profit.
.
A company must provide two and a half times of income above expenses to provide a net profit.
.
The Peoples Mandate will abolish all dead money and provide for the use of money

created by Parliament Section 51 subsection 12 of the

Commonwealth of Australia Constitution Act.
.

All money shall be as follows;

.

Money created and Deposits,	Expenses;
Parliament creates money,	Spends money into infra-structure
Contractor receive payment,	Contractor pays for supplies etc.
Business supplier receives payment,	Business pays wages and expenses.
Individuals receive income,	Individuals pay all their expenses.
All business and individuals,	Pay money into bank deposits
Banks receive money to be deposits	Banks return money to Reserve Bank
Reserve Bank receives money,	Returns money to Treasury
Treasury receives money,	Recycles money into infra-structure

.

Reserve Bank and dead money;
Royal Australian Mint sells the coins to the Reserve Bank of Australia (RBA) and the RBA
completed the introduction of new cash distribution arrangements. This involved the purchase by
commercial banks of working stocks of notes and coin, which previously had been owned by the RBA,
but held in note and coin pools operated by armored car companies.
. 
Because commercial banks must purchase stocks of currency for full value, the result of this change in
arrangements is that the RBA’s balance sheet and profits are higher, when banks purchase currency
the RBA invests the resulting funds in interest bearing assets.
.
The Reserve Bank manages the amount of Exchange Settlement (ES) funds available to banks
by buying securities to increase (or selling securities to reduce) the supply of such funds.
The bulk of the Reserve Banks operations to implement policy are in repurchase agreements.
While outright purchases or sales of securities for liquidity management are most efficiently
conducted in stock of less than a year to maturity, repurchase agreements have the advantage of
allowing the full spectrum of government securities to be tapped, since stock of any maturity
can be used as collateral for repurchase agreements.
.
The RBA has adapted to these developments by broadening the range of collateral it is
prepared to accept in its domestic repurchase agreements operations.
This started with the decision in 1997 to accept Australian dollar domestic securities issued by
State and Territory borrowing authorities. This increased the pool of securities available for
repurchase agreements by over 40 per cent at the time.
.
Declines in Commonwealth Government Securities on issue since then mean that, in June 2002,
the repurchase agreements collateral pool was effectively double what it would have been if the RBA
had not made this change. Market participants adjusted quickly to the new arrangements,
and between 50 and 60 per cent of the domestic collateral held by the RBA on repurchase agreements
is now typically State government debt.
.
These developments contributed to the decision by the Australian Office of Financial
Management (AOFM) to alter the arrangements for the issuance of Treasury notes.
Traditionally an instrument used by the Government for within year cash management.
Treasury notes have become less important for this purpose in recent years as the AOFM has been
able to use its term deposits at the RBA, on which it receives market rates of interest, to manage
within year fluctuations in its cash position.  In May 2002 the AOFM announced that it would in
future issue Treasury notes only when needed, rather than maintain a regular issuance schedule.
.
Please note;
There is no mention of Treasury Bonds in Section 51 but
Bills of Exchange and Promissory notes are (Sub Sec 16).
END
.
Commonwealth of Australia Constitution Act 1900 (UK)
Section 115. A State shall not coin money, nor make
anything but gold and silver coin a legal tender in payment of debts;
.
This is explained by Quick and Garran.
Page 1026, Section 460, A State shall not Coin Money;
Coinage is a prerogative of the Crown.
A State is forbidden to coin money; it can not create a metal currency; it can not give to metal any
more than to paper the quality of money.
.
The combined effect of this negation, coupled with the operation of  Part Five; Powers of the
Parliament. Section 51 subsection 12. Currency, coinage, and legal tender; is that the coinage and
legitimization of metal money, and in fact the regulation of the whole of the monetary system of
the Commonwealth, is exclusively vested (authority) in the Federal Parliament, as against the States.
.
That Parliament alone will be able to create money and regulate it's value, as well as create
paper money, and regulate it's value.
It's laws of course will only be operative within the Commonwealth, and may, in accordance with
the usual practice, be reserved for Imperial consideration, in order to maintain the uniformity of
coinage laws throughout the Empire.
.
Page 1027, Section 461, Nor make anything but Gold and Silver Coin a legal tender;
The provision of this section, that the States may not make anything but gold and silver coin a
legal tender in payment of debts, would appear, at first view, to authorize a State to make
gold and silver a legal tender, in the absence of Federal legislation, and consequently to give the
States a concurrent power within those limits.
It must be noted, however, that  gold and silver can only be impressed with the quality of money by
Federal legislation, and Federal legislation may withdraw that quality at any time.
Then the power of the States to make gold and silver a legal tender would cease;
gold and silver metal can not be made legal tender until it converted into coin; it can only be
converted into coin by the Federal authority.
unquote.
.
Commonwealth of Australia Constitution Act 1900 (UK) Section 96.
During a period of ten years after the establishment of the Commonwealth and thereafter until
the Parliament otherwise provides, the Parliament may grant financial assistance to any State on
such terms and conditions as the Parliament thinks fit.
.
The Douglas Manual
Name of file on this web site "douglas_4_Part_3_Mairet"

59. Purchasing Power Insufficient, even if Redistributed (Page 2)
Economic advantage to the ordinary man means money advantage, and he has the idea, if he thinks
about the matter at all, that there is only just so much money in the world, and if one man has more
then the other must have less . . . The poor are poor not because the rich are rich, but because
there is not enough money, or more correctly purchasing power, to make the poor rich, or even
comfortably well off, even if the whole of the money possessed by the rich were taken from them
and equally divided amongst the poor.

The result of attempting to enforce the latter policy, and such an attempt is being made in many
countries to-day under the stress of public pressure and democratic politics, is merely to accentuate
the difficulty and still further to increase the grip of the financiers since the distribution of purchasing
power, largely through the agency of wages, depends to a considerable extent on the buying of
articles which would not be produced at all if the existing amount of money were equally divided,
since no one would have enough to buy articles which may be said to be above
the most mediocre standard of living.
.
What the population of the world wants, and is determined to get, is a sufficiency of goods and
services; there is no lack of these goods and services, either actual or potential, but they cannot be
obtained except through the agency of money, of which there is a lack. This lack of money is not
natural in the sense of being unavoidable, but is wholly artificial, and is the result of a deliberate
policy in the operation of the money system, although that policy may not perhaps be wholly conscious.
.
In a physical sense we should then be living in a world in which economic processes were carried out
by two agencies, one as heretofore, the agency of individual effort, and from the economic point of
view of decreasing importance; and the other, the result of the plant, organization and knowledge
which are the cumulative result of the effort not only of the present generation, but of the pioneers
and inventors of the past.
.
Second agency can, of course, be collectively described as real (as distinct from financial) capital. It is
quite easy to make out a perfectly simple ethical justification for the proposition that the share of the
product due to the individual under such a state of affairs would be (1) a small and decreasing share
of the product due to his individual efforts and (2) a large and increasing amount due to his rights
as a shareholder or an inheritor, or if it may be preferred, a tenant for life of  the communal capital.
.
We want, therefore, to put more and finally all people in this position, not to remove from it those
who are already there, always assuming that the alternative exists; and to do that we want so to
organize the machinery of production that it serves the single end of forming the most perfect
instrument possible with which to carry out the policy of the community; and so to empower the
community that individuals will submit themselves voluntarily to the discipline of the productive
process, because in the first place they know that it is operated for production and so gains their
primary ends with a minimum of exertion, and in the second place because of the interest and
satisfaction of co-operative, co-ordinated effort.
END