MEDIA RELEASE

The above quote is one of many credited to noted 18th century polymath Benjamin Franklin. However it is also the tag line of a US-based, investment advisory group, Summit Global Management.

Should this be of the slightest interest to Australians? - Most definitely: This organisation has just purchased over 20 million dollars worth of high-security water from the Murray-Darling Basin. Fair Water Use has  been  informed  by a reliable source that Summit plans to  further increase its stake in the nation’s water over coming months.

Rest assured that a horde of similar investment groups are licking their lips in anticipation of the vast sums to be reaped from the pockets of everyday Australians as a direct result of the   de-facto water privatisation policies espoused by Australian governments, Federal and State.  Policies which have not been mandated by any Australian electorate and which will attract an ever-increasing cadre of corporate raiders to invest in (read "control") Australia's dwindling water supplies.

Summit Global is on record as stating: "As the most essential life-sustaining substance and the most critical input to economies around the globe, water is the only commodity that has absolutely no substitute at any price. This fundamental fact creates an intractable demand for water and has historically made global hydrocommerce a stable, non-cyclical, low-risk investment".

As Maude Barlow, senior advisor on water to the President of the United Nations General Assembly, warned this week at the 2009 Australian Water Summit: “Let’s not mince words: this is the privatization of the Murray-Darling river where private owners and brokers, who oversee annual transactions of $1.68 billion, have more say over these depleted water supplies than governments.”

Wake-up Australia: or wet-dreams will be the only liquid asset you still control.