3 Comments

First, they hijacked our politicians—left and right. Then, they dismantled our unions, silenced independent media, and slowly took control of the systems meant to protect us. And without anyone noticing: Australia’s top 100 companies, are now mostly foreign-owned, draining around $2.5 billion *from our economy every single week. This isn’t accidental—it’s the result of decades of manipulated political decisions imposed by both major parties. For over 40 years, while Australians have been kept in the dark, foreign interests have quietly rigged the system to serve their profits over our prosperity.

So, who really owns Australia's biggest companies? Get ready to be shocked. I certainly was; I suspected, but had no idea it was this serious.

A sample of Foreign Ownership of Major Australian Companies:

Mining & Resources:

BHP: 94% foreign-owned

Rio Tinto: 95%

Glencore: 100%

Fortescue: 53%

Newmont Australia: 100%

Anglo American Australia: 100%

Retail & Consumer Goods:

Woolworths: 88%

Coles: 56%

Banks & Financial Services:

Commonwealth Bank: 80% (sent $6 billion to foreign shareholders from 2023 profits)

National Australia Bank: 82%

Westpac: 84%

ANZ: 75%

The other 3 banks sent around $8b to American shareholders making a total $14 b or $270m per week sucked from Australian families. 

Energy & Utilities:

Chevron Australia: 100%

ExxonMobil Australia: 100%

Wesfarmers: 78%

Newcrest: 80%

South32: 73%

Peabody Australia: 100%

Amcor: 84%

Mineral Resources: 50%

Whitehaven Coal: 88%

Northern Star Resources: 94%

Origin Energy: 59%

Ampol: 53%

Woodside: 82%

BP Australasia: 100%

Santos: 71%

Shell Energy Australia: 100%

Insurance:

Insurance Australia Group: 76%

Suncorp: 74%

Aviation & Telecom:

Qantas: 61%

Virgin Airlines: 100%

Telstra: 51%

*Australia’s top 100 companies, foreign-owned, are draining around $2.5 billion from our economy every week. GDP: Approximately AUD 37 billion per week. Foreigners own 80% of Australia’s largest companies. 

From banks, mines, iron ore, oil, gas, gold, copper, lithium, nickel, telecommunications, tech, even hotel bookings—the list goes on. According to data from the Australian Taxation Office, The Australia Institute, and Bloomberg, this is just the tip of the iceberg. 

The estimated combined total profit for Australia's four major banks (CBA, Westpac, ANZ, and NAB) from 2000 to 2023 is approximately $457.34 billion. In 2023 these USA owned banks achieved a total net profit of approximately $31.83 billion for the year which is a weekly profit of $610.4 million. 

With A$2.1 trillion in combined housing loans across Australia and New Zealand, these banks hold approximately 33% of all residential property within their markets which is why governments are encouraged by financial titans to open the migration floodgates to help push property prices up.

Wall Street giants like Vanguard, BlackRock, and State Street are major shareholders in nearly every significant Australian company. Through proxy voting, they hold direct control over companies impacting our cost of living. Food, energy, housing, insurance—prices keep rising while wages remain stagnant. Australian families are being squeezed, barely able to cover basic expenses.

Rents and home prices have skyrocketed over the past 25 years, making homeownership nearly impossible for many Australians. Banks keep raising interest rates under the guise of "fighting inflation," but it's Wall Street’s relentless profit demands that drive these inflation rates—a hidden tax on every Aussie household. 

U.S. corporations dominate nearly every sector in Australia—banks, supermarkets, media, energy, and more. They use this control to inflate essential costs and squeeze Australian farmers, forcing many to sell to giant corporations monopolising the food chain. This isn’t by chance; it’s a business model crafted to profit foreign investors at the expense of everyday Australians. U.S. corporations leverage economic power to shape policies in Australia and New Zealand, often securing tax breaks and deregulation that local businesses can’t access. Lobbyists, including law firms with local ties, work behind the scenes to ensure a favourable regulatory environment for foreign corporations. This dynamic reinforces foreign control over key industries, stifles local businesses under red tape, and prioritises foreign interests over domestic economic sovereignty.

Our farmers are under attack. In America alone, globalists seeking control of the world's food supply have purchased and closed 580,000 farms, covering 160 million acres. Now, in Australia, they are employing the same tactics by owning everything farmers need to survive—the banks, the chemicals, the machinery, and most importantly, the governments. These governments have been systematically implementing globalist red tape designed to destroy farmers by any means necessary. This is economic warfare. Years ago, warships and armies were used; today, corporate imperialism uses cash.

The U.S. Federal Reserve’s power to create money grants U.S. banks and corporations unparalleled global economic influence. This enables them to amass vast wealth, particularly in resource-rich nations like Australia. Through control over critical sectors like mining, energy, agriculture, and finance, U.S. corporations dictate local prices and exert pressure on governments to enact policies favouring foreign profit over local interests.

After World War II, led by influential Wall Street lawyers like the Dulles brothers, the U.S. government committed to global financial domination, cloaked in the rhetoric of protecting democracy. By 1947, U.S. National Security policy was fundamentally shaped to secure Wall Street's monopoly on global resources. This policy gave U.S. financial elites the license to expand control over essential industries worldwide, imposing corporate interests on global economies under the guise of American security.

Three years after the Federal Reserve Act passed in 1913, even President Woodrow Wilson regretted what had been unleashed, stating, “We have come to be one of the worst ruled, one of the most completely controlled governments in the civilised world... no longer a government by the majority, but a government by the opinion and duress of a small group of dominant men.”

This dominance persists today, with financial giants like BlackRock, Vanguard, and State Street exerting influence across banks, supermarkets, media, energy, and transportation, forming monopolies that fuel inflation and maximise corporate profits. Since the 1940s, U.S. National Security agencies, along with the State Department, have worked to consolidate wealth not for the benefit of Americans, but to enrich a handful of corporations. These Wall Street titans now hold major stakes in banks, energy, and agricultural sectors, driving up prices while controlling information and public perception through media ownership.

Over a quarter of Australian families can’t afford essentials like school supplies. Yet our system prioritises corporate profits and foreign interests, while politicians and corporate media remain silent on these monopolies. Multinational corporations with dominant American ownership dodge taxes in Australia by shifting profits to low-tax havens like Singapore and Ireland, often through Delaware-registered companies. Politicians promise action but bow to U.S. pressure, allowing profit-shifting to persist, embedded in U.S. National Security policy since 1947.

In the past 40 years, unions were dismantled, and public broadcasters were weakened, cutting off voices that might call for change. Red tape keeps small businesses from thriving, while foreign giants monopolise our resources and drain wealth from our economy. This system is built to prioritise corporate profits over public welfare, and red tape is weaponized to stifle reform. Real change won’t come from within; it requires collective action. Politicians have avoided responsibility long enough, and we must demand new rules to ensure they serve the public, not themselves. History shows that unchecked power leads to corruption, oppression, and the decay of democracy.

As Lord Sumption and Lord Denning both warned, "Democracy is being hollowed out from within by the very institutions meant to protect it. The greatest threat is internal: the erosion of democratic values within the system. Without proper checks, those in authority may overreach, putting the very foundation of our democratic society at risk." If this continues, the fault will be ours.

Expand full comment

Where's today's cartoons......

Expand full comment
author

There were no NZ politics cartoons in any newspapers today, unfortunately. They were all about the US election. I'm never sure about whether to include non NZ material. For example there was nothing about today's cartoons that couldn't have been published in any other country of the world.

Expand full comment