Remember people, this is your government (really a corporation) that just lost $200 million of your hard earned Kiwisaver funds to a collapsed Portuguese ‘fail safe’ bank! Do you really still trust them! EnvirowatchRangitikei
Bernard Hickey says the quiet removal of the guarantee for Kiwibank savers should remind all savers about the lack of a deposit guarantee and prompt regulators and the industry to run a public education campaign about NZ”s lack of a deposit guarantee.
Did you know that your money in a term deposit in a bank is not guaranteed by the Government?
Those in the know are aware that there is no Government guarantee, but it turns out most regular people, and certainly most term depositors, either still think there’s a guarantee, or think there’s always has been one.
New Zealand briefly had a government guarantee for retail bank deposits from October 2008 to December 2011. It was introduced at the worst point in the Global Financial Crisis to stop a run of deposits across the Tasman to the banks’ parents in Australia, where the Kevin Rudd Government offered a guarantee for depositors there.
It was quietly dropped once global markets had settled down and was replaced by a system called ‘Open Bank Resolution’. This means there is no Government guarantee and if a bank was to fail, the Reserve Bank would shut it down and manage a capital restructure overnight so that it could re-open the next day. One way a bank’s capital could be restructured by the Reserve Bank is through a ‘hair-cut’ for depositors. Essentially, the Reserve Bank would slice a certain percentage – say 10% – off the value of term deposits to allow the bank to re-open with enough capital to survive.
Christine Lagarde, CEO of IMF [SOURCE]For those of us who are awake to the hidden agenda that is going down world wide, this statement from Christine Lagarde of the IMF comes as no surprise really. We already know for instance that the banking fraternity (including the British royal family) profits greatly from wars that have been fomented for centuries by the Rothschilds, who gaily and shamelessly profiteer by funding both sides and boast about it.
Shamelessly too in terms of who they expunge from the planet be they innocent children or whomever. As Madeleine Albright said in her infamous statement ‘it is worth it’ – worth it to kill and maim 500,000 innocent Iraqi kids. And shameless in terms of the military whom they experiment on endlessly, casting them aside when their usefulness has come to an end. As Major General Smedley Butler informed us decades ago … ‘war is a racket’. These are the kinds of people who can make statements like the above about their banking activity, with ne’er the bat of an eyelid, their consciences (if ever they did have one) long hardened to the fact that this is actually not right. This is the nature of corporations – they are soulless – psychopathic entities, totally void of empathy.
We have here the outright admission though (for those who are too blind to have seen all previous pointers to this) that they actually profit from economic recession. That they in fact desirerecession. They desirewars. Now how warped and twisted is that? To want to unleash poverty and death upon one’s fellow human beings? Particularlyupon children. Note, they were not doing so well in 2006 and 7 says Lagarde, that was put right for them, or perhaps by them, with the 2008 recession.
“Financial panics are scientifically created”
Congressman Charles Lindbergh of Minnesota (1920)
It is true what was stated long ago by successive prominent people in government … Willard Cantelon lists many of their statements in ‘The Day the Dollar Dies’ (1973) – a warning to all:
“I’m afraid that the ordinary citizen will not like to be told that the banks can and do create money, and they who control the credit of a nation direct the policy of the government and hold in the hollow of their hands, the destiny of the people”
Reginald McKenna, Chancellor of England’s Exchequer (1924)
“The Governor of the Bank of England must be the autocrat who dictates the terms upon which alone the government can obtain money”
Sir Drummond Fraser, vice-president of the Inst of Bankers (1924)
“The government … in the matters of finance was to leave the money power supreme and unquestioned”
Lord Gladstone, Chancellor of Britain’s Exchequer (1852)
“He who controls the money of a nation controls the nation”
US President James Garfield (1881)
“You see, gentlemen, who owns the United States”
Vice-President John Garner (1933) (referring to international bankers)
“Give me control over a nation’s economy, and I care not who writes its laws”
Meyer Amschel Rothschild
“Money plays the largest part in determining the course of history”
Karl Marx
Convinced?
And when these scientifically created panics happen, we know from history that many folk commit suicide. Peoples’ hard earned life savings are pitched straight down the proverbial drain … more accurately … straight into a banker’s pockets. And these vermin continue to escape penalty, with blood on their hands.
When we wrote earlier that based on a leaked Wikileaks transcript, which the Greek government interpreted “as revealing an IMF effort to blackmail Athens with a possible credit event to force it to give in on pension cuts which it has rejected“, the article promptly went viral. While it remains to be determined if the IMF indeed made such an implied threat, we attribute this spike in interest to the general public’s surprise that the IMF could stoop to such a low, even by its own standards, level as to use a nation of 11 million people as a lab rat on which to conduct policy experiments.
But why the surprise?
As the below transcript from a April 2012 interview given by Lagarde to the Wharton school …, none other than IMF president Lagarde herself admitted that for the IMF to “thrive”, the world has to “goes downhill“, and that the IMF “to be sustainable” it needs to be “very in touch with our client base.”
She added that “when the world goes well and we’ve had years of growth, as was the case back in 2006 and 2007, the IMF doesn’t do so well both financially and otherwise”
It goes without saying that Lagarde’s sole prerogative as the managing director of the IMF is to make sure it “does well.”
She concluded by saying that “we need to be able to invent and reinvent ourselves in many ways.” One such client-facing “reinvention” just happened to be caught on tape.
Here is the key section:
Knowledge@Wharton: Of all the things that you do here, what are you most passionate about? What would you really like to make sure happens? It could be a small thing, it could be a large thing. What is it that really has your heart?
Lagarde: That’s complicated. I think it’s this issue of relevance … that is of real concern to me. You see, this is a very fascinating institution because it’s completely counter-cyclical. When the world around the IMF goes downhill,
When our PM was elected, well pre election particularly, he was the smiling new guy on the block who took the young Maori girl to Waitangi that year – a great publicity stunt, currying favour with Maori. I’ve read recently the young woman who accompanied him to Waitangi now sees clearly through his motive. With regrets perhaps? We’ve seen now how much he really respects indigenous interests – they don’t go down to well in the corporate world & Key is a banker. Then we’ve all heard the rumour put out that he donates some/all (?) of his PM salary away because of his wealth from his banking career – turns out that is likely myth not fact as no concrete proof has been forthcoming yet. People have asked. Were it factual he could give it to the school lunch cause, and he’s made it clear that’s not going to happen. Anyway there were many clearly sucked in by his smiling clean image who are now severely disillusioned. The image he promoted was ‘working for NZ’ which couldn’t be farther from the truth. Here in this article that thought is teased out a bit with the claim he is working for the 1%.
The wealthy. All escaping the carnage they’ve created abroad, John’s happy for them to hide out here with their wealth, offering great corporate tax breaks, the new Switzerland, whilst our own smaller biz people go the harder route. Of course this behaviour’s all old hat now the TPPA deal’s been signed by yours truly who also says he’s forging ahead regardless, ratified or not, definitely borne out by the fascist tactics employed in his recent roadshow ‘hearing’ what the people think aka telling us what they plan to do, the familiar tune we’re hearing up and down the country these days. We are asked our opinion after the fact, given two ticky boxes to choose from and expected to believe we’ve ‘had a say’! (I feel a Tui ad coming on). By all accounts folks who tried to raise meaningful discussion were talked down.
The article’s from the Standard and cites Fran O’Sullivan’s thoughts on the matter, clearly confirming whom our PM is working for.
Last month Key was named by National Business Review’s 2008 Rich List as one of New Zealand’s richest men, with a personal worth of $50m.
Key lives in an $8m Auckland mansion with wife Bronagh and their children Stephie and Max. He also owns property in Wellington and Omaha, a London apartment and a $4.5m holiday home in Hawaii.Stuff.co.nz 10/08/08
EnvirowatchRangitikei
[PHOTO Credit – header: The Green Party]
Key wants to turn New Zealand into a haven for the 1%
There was an interesting article by Fran O’Sullivan in last weekend’s Herald about John Key’s ambitions for New Zealand. O’Sullivan may not be liked by some lefties but she writes perceptively and provides insight into National Party thinking that no other journalist does.
The headline suggests that Key wants to make New Zealand the Switzerland of the South but a closer reading shows that he does not want to make it a place where everyone is prosperous, educated and healthy. Rather he wants to make New Zealand a bolt hole for the overseas rich.
“John Key is positioning New Zealand as an Asia-Pacific “Switzerland” – a beautiful and wealthy bolthole for high net-worthers seeking to escape from an unstable world.
Key believes that free-flowing terrorism is here to stay. To the Prime Minister, this simply makes New Zealand more attractive and will result in more high net-worth consumers wanting to come here – a theme he is developing in business briefings.
There is another strand to this developing Key mantra.
He is frankly unapologetic about the massive increase in Auckland residential property values, which has resulted in many established Aucklanders becoming relatively rich, but younger people being locked out of the market. It is a trend which is not going to stop anytime soon, given the immigration figures.”
So Key wants to attract more wealthy people to New Zealand as the rest of the world implodes.
Possibly the most painful part of this will be watching all of the big bank / corporate sponsored ‘experts’ in the filthy corrupt media & Government try and explain it all away in terms of “interest rates” and “market forces”. Farmers are enticed into taking out loans at low interest rates which are then intentionally later raised, in a blatantly criminal plan to seize land. It worked in the US. Copy and paste in Australia. And now copy and paste in New Zealand.
New Zealand company Fonterra is the worlds largest dairy exporter, exporting products to over 100 countries
The truth is, it is an agenda planned even before the inception of Fonterra, specifically for this end goal – the ‘Globalization’ of our land and all of our natural resources – using rigged (Libor) interest rates, market manipulations, fake printed debt and various other financial frauds.
A pertinent reminder with ANZAC coming up soon. My late father when in his 80s, who fought in WW2 as cannon fodder for these low life families who foment wars for profits (the Rothschilds and the Rockefellers) – he told us wars would never end because they make money. As a very young 17 year old he set off to serve his country, along with his four brothers, oblivious to the real agenda of the powers that be. Check out the article link below and links to other posts also below.
All wars are pre-arranged by this secret Ruling Cabal which is best defined as the circle of top world Banksters and industrialist run out of the City of London Financial District, a separate country like the Vatican with its own ambassadors and police. These folks claim to be personally anointed by Lucifer himself and some have claimed to have personal alien or demon guides that provide protection and counsel. Thus all wars are Bankster wars and appear to be demonically inspired. Some experts have discovered a strong association with secret esoteric “super-masonic” occult groups which are luciferian based and this Ruling Cabal. Others have discovered a long term association with these Ruling Cabal members and alien or ET entities, and believe these cabal members are actually infected with alien/ET demonic parasites who demand and promote mass death and destruction upon the Earth once they gain control over the Cabal member who has lost his soul or been “soul-snatched”. Some researchers have labeled this Ruling Cabal Babylonian Zionism, or the “Synagogue of satan” and claim that it’s wealth and power is based on the use of “Babylonian Money-Magick” which is the use of fiat money lent at pernicious usury in order to create massive debt slavery, massive asset stripping and provide complete but hidden control. Others attribute it power to the anointing of Lucifer and their use of the evil “black arts” which include deception, slight of hand and human sacrifice. If the cabal can issue or print all the money it needs, it can buy up almost every single politician it wants as long as it keeps the effects of all the excess money mitigated to prevent complete collapse of the monetary system. Of course experts know that the creation of the US Petro Dollar which required all oil sales to be made in money converted to US dollars first was a stop gap effort to delay reality until the Ruling Cabal could use America to subdue the whole world on the behalf of these City of London Bankster’s before the system eventually crashed. The reason why the US Dollar is now only worth only about 2 cents of what is was worth when it was originally issued is because the Federal Reserve Bank has been issuing more and more money to buy politicians and support their secret black operations designed to develop alien technology to keep complete control over “we the people” and this Ponzi system is eventually doomed to failure.
The following video clip is a classic by Michael Rivera of whatreallyhappened.com. It is 45 minutes long and most folks can get the main message which is very important in the first 5-10 minutes if time is limited. For those that have the time and want hard core specifics, the rest of this clip is perhaps the best description of how Banksters cause wars ever published.
This video was made in 2008 and made some very accurate predictions about Key’s role if he became PM. Many of them have happened. Voters take note.
An interesting document for you to see on this topic is the Opal File. Check it out. Nobody knows who wrote it but in light of its contents it’s not surprising they would want to remain anonymous. Together with this video it makes sense.
A plan here has been coming together for many years. A plan for global governance which our former PM Helen Clarke is working on at her UN job, featured in the magazine ‘Investigate’. We are given the illusion of choice, National or Labour plus now all the other parties in between. In reality Clarke and Key are simply different riders on the same horse that the global agenda folks intend to bring to heel. This is being brought into fruition by the New World Order, spoken of often by many particularly past and present US Presidents (just to prove it is not hoax material) first officially announced after the Gulf War (the one when the US Government infected their own military (‘guinea pigs’) with Gulf War Syndrome via vaccines. (Watch ‘Gulf War Syndrome: Killing our Own).
Hear the Presidents speak on their ‘New World Order’. It isn’t conspiracy.
The goal is well behind of course going by Clarke’s estimates. But events in local District Councils are certainly taking on a sinister and unpleasant overtone. Check those out in our ‘District Council’ pages and the research done by Dr Naomi Jacobs (links below).
Flier on world government from the Jehovah’s Witness ChurchJohn Key’s affinity with the US, watch … he is leading us down the same path
These two families, the Rothschilds and Rockefellers, hang in the background and manipulate from behind the scenes. We’ve known (some of us at least) that they have also fomented wars for profit for eons, all about garnering profits for their own empire/s, and at the expense of all of us. Young lives lost in their profiteering wars, sent off, as were my father and four uncles, as pure cannon fodder as it were. And all the while these men, cherished and held dear by their loved ones at home, either died in combat, or came home traumatized forever, thinking it was for ‘King and country’.
All the while it was for these two evil families’ bank accounts. The story is so ‘out there’ it’s close to unbelievable. A morning’s research however will tell you it’s all quite true, it’s just that the information has been purposely kept from you … by those who also control and manipulate the media. So here we have an admirable advocate for you, turning the spotlight he was given, off of himself and onto these two murdering entities and making the most of the opportunity to give you a big hint about who is still manipulating world events….
Read on…
Jean-Claude Van Damme calls out Rothschild and Rockefeller on live TV
Van Damme was invited on the French show to speak about the US elections and commented on Donald Trump, Ted Cruz and Vladimir Putin.
However, he quickly hijacked the narrative and went on to explain how the Rothschild and Rockefeller families control the politicians and run the world from behind the scenes…
thefreethoughtproject.com Matt Agorist
After opening a trust company in Reno, Nev., Rothschild & Co. began ushering the massive fortunes of the world’s most wealthy individuals out of typical tax havens, and into the Rothschild run U.S. trusts, which are exempt from the international reporting requirements.
The Rothschild banking dynasty is a family line that has been accused of pulling the political strings of many different governments through their control of various economic systems throughout the world.
Historically, there is ample evidence to show that the family has used insider trading to bilk money from both private and public funds.
During the Battle of Waterloo in the Napoleonic wars, Nathan Rothschild was responsible for one of the oldest cases of “insider trading,” which led to the Rothschild family robbing a whole nation blind. In 1815 when the battle of Waterloo took place, there were no quick methods of communication like we have today so messengers were used for communication in times of war. The Rothschild’s took advantage of this by having spies on the frontlines of the battle who would return information to the family faster than the messengers used by the military…
During the Battle of Waterloo in the Napoleonic wars, Nathan Rothschild was responsible for one of the oldest cases of “insider trading,” which led to the Rothschild family robbing a whole nation blind…. [Photo Credit: Wikipedia]
A reminder here of the liberties our District Councils are taking with your money, in this case, to the extent of taking it from your bank, without your consent!
Go to the link at the top there to read the article.
“Mangawhai ratepayers and residents face massive rates rates increases, initially proposed at +1800% to raise money for a “sewerage scheme” it turns out that something much more sinister and far smellier is in the works.
No democracy, no accountability, no rights and no access to justice, worst case scenario right? Well how about the disputed rates payments that are before the high court being stolen directly from citizens bank accounts?
So much stolen that you can’t even make your next mortgage payement?
This might be one of the most important cases in recent New Zealand local government and yet the media are completely ignoring it and leaving those in this community to fight for themselves.
Luckily, people like Alan Preston and chairman of The Mangawhai Residents And Ratepayers Association Bruce Rogan are there to give light to this very important issue!”
At the same time as this news item we’ve had the case of the blown$200 mill … lost because the NZ Government (aka corporation) loaned it with the help of Goldman Sachs, to a Portuguese fail-safe Bank that subsequently collapsed. No wonder they’re chasing up $29.3 mill. How many folks I wonder have noticed this news item, as in the $200 mill that’s down the gurgler? And if they consider it prudent to leave their money in KiwiSaver? On the larger scale check out the money borrowed under John Key’s watch. And check out how he made his millions. He’s certainly rubbed shoulders with the Goldman Sachs peeps. Better still, check out the links at the end to a less superficial look at how he made his millions.
Tens of thousands of workers are missing millions of dollars from their KiwiSaver accounts because their employers have failed to either pass on payments docked from their pay, or pay their own employer contributions.
Figures obtained by RNZ News show Inland Revenue is chasing thousands of employers for $29.3 million in outstanding payments and penalties that have accumulated since the retirement savings scheme was launched in 2007.
At the end of June 2015, 1663 employers had failed to pass on $15.3m in KiwiSaver payments deducted from their employees’ own salaries to the IRD.
These deductions were government guaranteed so workers would eventually get the money.
But since 2007, 2210 employers had failed to pay $10.6m in KiwiSaver contributions to 46,154 employees.
Businesses are legally required to pay 3 percent of an employee’s gross salary towards their KiwiSaver.
IRD collections manager David Udy said the vast majority of the businesses that had failed to pay were small and employed between three and five staff.
I seem to have gained quite a few new readers since the last elections. For this I am very grateful!I thought I would celebrate this with a repost of two animation videos which taught me a great deal about our money system.
Max Keiser, the other day, stated: We don’t live in a Capitalist system which is based on savings and investing those savings in wealth producing enterprises (his version of Capitalism). We live in a Debtism system, a system based on fiat money creation leveraged and re-hypothicated time time and again and used to buy up real world wealth transferring that wealth from the 99% to the 1%.
You might think that this is just some far fetched conspiracy theory but here is what the bank of England has to say about it’s money creation process:
Whenever a bank makes a loan, it simultaneously creates a matching deposit in…
“The Prime Minister earns $428,000 from his PM’s salary along with this [last] year’s [2015] $5,000,000 increase in his wealth (according to NBR’s rich list) which gives him a total income of $5,428,000. On this total income he pays just $132,160 in income tax and approximately $21,400 in GST giving a total tax of $153,560 or 2.8% of income” The Daily Blog
There’s a tale that’s always been out there saying John Key gives all of his salary away … it would seem. I’ve since heard he only donates some to charity … not all, and he won’t say how much or to whom. I certainly heard early in the piece that he donated all … I’m now very skeptical about that. Here’s what one blogger’s research turned up ….
“After talking to a person from his office here is the best info I can get. His pay goes into his bank account. He does give money to charity but doesn’t keep detailed records of how much. He doesn’t want to say what charities or provide a ballpark figure of what proportion of his pm pay he gives.” The blogger concludes, probably quite correctly, it is an “Urban myth!!!”
Anyway, all that aside, there being no proof and it’s unlikely we’ll ever see any, here is an interesting article about the tax rate he pays. I think it’s very unfair quite frankly and I’m sure most will. Okay most will justify an extra large salary to go with the position of PM, however, who can possibly justify the piddly tax rate he or any other politician pays? While we on the lower income scale are urged to tighten our belts, on the other hand, the wealthy spend extravagantly. A mere 10% of New Zealand owns 52% of the nation’s wealth.
Take a look at this President, Jose Mujica of Uruguay. He drives a Volkswagen and lives very frugally. He really does give away 90% of his income and leaves himself with the equivalent of an average Uruguayan wage. Our politicians could definitely take a leaf out of his book. Seeing these salaries and the pittance in tax they pay, small wonder we are so in debt as a country.
President Jose Mujica of Uruguay, dubbed ‘the world’s poorest president’
And please don’t blame the beneficiaries, I recall an era when there was no unemployment … everybody had a job and everybody wanted to work. The fault lies folks with our previous governments who borrowed us into this big black hole we’re in. Politicians have a nifty knack of shifting the blame onto the folks they pledge to serve. Well the folks they are supposed to be serving.
“The radical restructuring programme of the 1984–1990 Labour government, followed by National’s Employment Contracts Act 1991 led to a steep fall in union membership and a rapid rise in inequality. The top 1% more than doubled their portion of available income by 1998, reaching a peak of 13.8 percent in 1999″. Bryan Bruce
I have at times in my life worked two jobs, when on a low income, only to be taxed at 33 cents in the dollar for the second. This makes me even more livid seeing this. You’ll see here Key pays a mere 2.8% compared to the ‘peasants’ who are taxed an outrageous 28%!! Left with barely enough to live on. What do you think?
EnvirowatchRangitikei
John Key, NZ’s PM (Photo credit: The Daily Blog)
How much tax does John Key pay compared to a minimum wage worker??
The Daily Blog By John Minto
“Yesterday I did some calculations to find out what tax John Key pays compared to a worker on the minimum wage. And I put out this media release for the Mana Movement:
MANA Movement Economic Justice spokesperson John Minto is calling for a radical overhaul of New Zealand’s taxation system with calculations showing that a minimum wage worker pays a ten times higher tax rate than the Prime Minister.
Minimum wage worker 28% tax
Prime Minister 2.8% tax
The minimum wage worker on 40 hours per week earns $29,640 and pays $4,207 in income tax and $4,149.60 in GST giving a total tax of $8,356.60 or 28% of income.
On the other hand the Prime Minister earns $428,000 from his PM’s salary along with this year’s $5,000,000 increase in his wealth (according to NBR’s rich list) which gives him a total income of $5,428,000. On this total income he pays just $132,160 in income tax and approximately $21,400 in GST giving a total tax of $153,560 or 2.8% of income.
This is a national embarrassment. Those least able to pay are under a heavy tax burden while the super-rich pay peanuts……”
A few posts back we had a video of John Key speaking briefly on his Bank of America shares. Here is the extended version of that video in which we see public watchdog Penny Bright of Auckland questioning the Prime Minister in 2011 following a no response from her Official Information request. Speaking to a Grey Power public meeting in Papatoetoe in 2011 the Prime Minister had just explained that NZers (mums and dads, businesses, farms etc., not the NZ government/corporation) were in debt and 85 percent of that debt is owed to foreigners. He adds that no OECD country borrows a big percentage of their money from foreigners. Penny then asked him specifically to tell her exactly to whom NZ has become indebted since National came to power in 2008. Especially she asked, whether or not NZ has become indebted to the Bank of America or any institutions in connection with that bank. His body language clearly conveys that he has clearly been caught on the hop by these very pointed questions, especially given he hadn’t answered her OI request.
Do watch this, it’s quite short and very enlightening!
Further we have an article here by Rolling Stone, “Bank of America: Too Crooked to Fail” cited by Evelyn Gilbert of NZ’s aotearoaawiderperspective blog. Some very pertinent facts there about the Bank.
“The problem most people have in judging John Key and his role here in New Zealand and why he is doing what he is doing leaves a lot of people, even those who vote National, bewildered and confused and angry is that they don’t know about the way money is created, how he gained his wealth and what he has to do to keep it so I thought I’d give a couple of examples.
Here is number 1: John Key has most of his paper wealth in Bank of America which is by insiders considered the most corrupt banking entity in the world and that alone gives him a huge conflict of interest!
And this is what Matt Taibbi from Rolling Stone Magazine has to say about the Bank:
At least Bank of America got its name right. The ultimate Too Big to Fail bank really is America, a hypergluttonous ward of the state whose limitless fraud and criminal conspiracies we’ll all be paying for until the end of time. Did you hear about the plot to rig global interest rates? The $137 million fine for bilking needy schools and cities? The ingenious plan to suck multiple fees out of the unemployment checks of jobless workers? Take your eyes off them for 10 seconds and guaranteed, they’ll be into some shit again: This bank is like the world’s worst-behaved teenager, taking your car and running over kittens and fire hydrants on the way to Vegas for the weekend, maxing out your credit cards in the three days you spend at your aunt’s funeral…”
Here Vinny Eastwood speaks with Penny Bright, Evelyn Gilbert (aotearoaawiderperspective blogger) and Iain Parker, Financial Systems Researcher.
Vinny Eastwood “This is by the far the most important interview to watch BEFORE the New Zealand election., The truth about John Key will make your jaw drop!
newshub.co.nz Although the Trans-Pacific Partnership agreement is being signed today, there’s still a long way to go before it becomes set in stone.
Auckland University Professor of Law Jane Kelsey an ardent opponent of the deal says it’s important that protesters keep letting the Government know they are unhappy with it.
“The Government has turned a deaf ear not just to the analytical work that we’ve done, but to the views of people throughout the country,” Dr Kelsey told the Paul Henry programme this morning. “We’ve had big protests, as you know, peaceful protests, family-friendly protests throughout the country over the last couple of years… people saying again ‘Don’t sign, we don’t want this deal’.”
As a small country, New Zealand’s fate will be particularly influenced by the deal, she says.
“For us it does make a difference and from what I hear from people internationally, the opposition in New Zealand is the strongest of anywhere.”
And even though pen is being put to paper today, there is still a lot more work to be done before the deal is pushed through.
“What the Government is going to sign today, and it will sign it no matter what people say, is not going to be the end of the deal because the current text cannot get through the US Congress,” says Dr Kelsey.
With a massive turnout yesterday of some 32,000 protesters NZ wide, 25,000 in Auckland alone, clearly there is massive opposition to the TPPA. It’s not over yet.
Additionally, we are left to the impression given by mainstream, corporate, offshore media, that we are the only ones protesting against this deal that’s been composed in secret, without consultation with either Iwi, NZ’s Treaty partners, or the general public. We are expected to trust these people? NZ has just slipped on the corruption scale I read recently – it’s not the Pollyanna, squeaky clean nation many thought it was.
So here is evidence of protests beyond our shores, in collaboration with the world-wide opposition that is rising against this corporate robbery of our sovereignty, in the name of profits and world control.
EnvirowatchRangitikei
Protests in 38 US cities and 7 Countries
Cities/regions where protests occurred against the TPPA/TPP (Map courtesy of Flush the TPP)
“White House Protest Kicks off Nationwide Days of Action in 38 US Cities Protests Also Held In Seven Countries
Washington, DC – As the US Trade Representative signs the TransPacific Partnership on behalf of President Obama at the Skyland Casino in New Zealand on the evening of February 3rd (Eastern US time), protests are happening across the United States and around the world. See map of protests http://www.flushthetpp.org/actions/.
Several hours before the signing TPP opponents in Washington DC protested at the White House with a 24 foot “TPP is Betrayal” banner and other signs that visually highlighted the negative impacts of the TPP on the economy, environment and workers…”
“It is simply unacceptable that the poorest half of the world population owns no more than a small group of the global super-rich—so few, you could fit them all on a single coach” … Mark Goldring, Oxfam Great Britain
This is absolute truth. Something is seriously wrong with our world when this is the state of affairs. Follow the money trail couldn’t be truer in this instance … follow the trail of the fraudulent banking industry. Your home you are paying off you will pay, it’s said, something like twice over when you tally up the interest these sharks charge you.
A Kiwi borrower buying a median-priced $416,000 home with a 20 per cent deposit on a floating 6 per cent interest rate would pay $717,965 over the life of a 30-year loan, according to Sorted’s mortgage calculator … NZ Herald
And to add insult to that injury the money they lend you is created on a computer screen, digital, and not solid gold or its equivalent in a vault out back. For more info on that visit our Money pages and/or watch the following short NZ clip (Kiwisin case you thought it was a problem ‘over there’ not here… as we do at times living down under).
Our histories and our money system are not what they seem. As the rich get richer and the poor, poorer, the cracks in this corrupt industry become more evident and obvious.
See here who owns the banks of the world (well most of them anyway) … the family infamous for this reasonably well known quote:
“Give me control over a nations currency, and I care not who makes its laws” – Baron M.A. Rothschild
The same family that boasted of funding both sides of wars to make money. The theme of the above quote by the way, is reiterated by many other notable people throughout history who cottoned on to the fraudulent activities of this group… for instance:
“Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States” — Sen. Barry Goldwater (Rep. AR)
ROTHSCHILD OWNED & CONTROLLED BANKS (165 of them):
Afghanistan: Bank of Afghanistan
Albania: Bank of Albania
Algeria: Bank of Algeria
Argentina: Central Bank of Argentina
Armenia: Central Bank of Armenia
Aruba: Central Bank of Aruba
Australia: Reserve Bank of Australia
Austria: Austrian National Bank
Azerbaijan: Central Bank of Azerbaijan Republic
Bahamas: Central Bank of The Bahamas
Bahrain: Central Bank of Bahrain
Bangladesh: Bangladesh Bank
Barbados: Central Bank of Barbados
Belarus: National Bank of the Republic of Belarus
Belgium: National Bank of Belgium
Belize: Central Bank of Belize ….
Here is an article then that will tell you who owns the wealth … now that you know more about how they got it …
62 Richest People on Earth Own the Same Wealth as Half the World’s Population
From ecowatch.com:
“A mere 62 people own the same amount of wealth as the world’s poorest 3.6 billion people, according to an Oxfam report published on Monday. This number has fallen dramatically from 388 as recently as 2010 and 80 last year.
The report, An Economy for the 1 Percent, found that the wealth of the poorest half of the world’s population has fallen by a trillion dollars since 2010.
“This 41 percent drop has occurred despite the global population increasing by around 400 million people during that period,” Oxfam said. “Meanwhile the wealth of the richest 62 has increased by more than half a trillion dollars to $1.76 trillion.”
“It is simply unacceptable that the poorest half of the world population owns no more than a small group of the global super-rich—so few, you could fit them all on a single coach,” Mark Goldring, Oxfam Great Britain chief executive, said…..
“We are dealing with a criminal undertaking at a global level … and there is an ongoing war, it is led by the United States, it may be carried out by a number of proxy countries, which are obeying orders from Washington … The global war on terrorism is a US undertaking, which is fake, it’s based on fake premises. It tells us that somehow America and the Western world are going after a fictitious enemy, the Islamic state, when in fact the Islamic state is fully supported and financed by the Western military alliance and America’s allies in the Persian Gulf. … They say Muslims are terrorists, but it just so happens that terrorists are Made in America. They’re not the product of Muslim society, and that should be abundantly clear to everyone on this floor. … The global war on terrorism is a fabrication, a big lie and a crime against humanity.” (source) (source)
The quote above comes from prominent author and Canadian economist Dr. Michel Chossudovsky, who is the University of Ottawa’s Emeritus Professor of Economics, spoken at the International Conference on the New World Order, which was organized and sponsored by the Perdana Global Peace Foundation. You can find a full video of that conference at the end of this article.
“What is at stake is more than one small country; it is a big idea, a new world order, where diverse nations are drawn together in common cause to achieve the universal aspirations of mankind: peace, and security, freedom, and the rule of law.” – George Bush Sr. (source)
Here is an insightful overview of our world histories, a video presentation by Abby Martin (SOURCE). It tellingly reveals just who is running our world. Historical overviews are particularly useful when joining dots … we can so easily get bogged down in detail that we don’t see the whole scope of events. As with the elephant analogy, we are like a person with a blindfold, trying to decipher just what the ‘beast’
Identifying the ‘beast’
is … feeling the tail, the legs, the trunk … wondering ‘what we have here’? Step back however, remove the blindfold, view the whole animal and ‘voila! An elephant.
So here, Martin reveals the ‘small’ and surprising detail about the number of military bases there are world wide and the true nature of the many military interventions we’ve witnessed … the carefully crafted ‘news’ that interpreted these world events for us (courtesy of our long time whore media) … identifying for us the ‘villains’ and the ‘heroes’ … all revealing a somewhat different story than what we thought about who is really running the show.
Who is really running the show?
The Empire Files
The creator of this video asks that you watch it on Youtube at their channel TheRealNews.
“Abby Martin debuts teleSUR’s The Empire Files exploring the U.S. Empire and its rise to world hegemony.
Further food for thought … ‘War is a Racket’ by Major General Smedley Butler
Listen to Major General Smedley Butler’s now well known speech on war, cited in Abby Martin’s video. This is a short 9 minute version. Or watch the full version (which is a full summary of his book, info below) at this link.
INFORMATION from the longer video posted on Miguel Ferreira‘s Youtube channel.
“Smedley Darlington Butler (July 30, 1881 – June 21, 1940) was a United
‘War is a racket’ Major General Smedley Butler
States Marine Corps major general, the highest rank authorized at that time, and at the time of his death the most decorated Marine in U.S. history.
During his 34-year career as a Marine, he participated in military actions in the Philippines, China, in Central America and the Caribbean during the Banana Wars, and France in World War I. Butler is well known for having later become an outspoken critic of U.S. wars and their consequences, as well as exposing the Business Plot, an alleged plan to overthrow the U.S. government.
By the end of his career, Butler had received 16 medals, five for heroism. He is one of 19 men to receive the Medal of Honor twice, one of three to be awarded both the Marine Corps Brevet Medal and the Medal of Honor, and the only Marine to be awarded the Brevet Medal and two Medals of Honor, all for separate actions.
In 1933, he became involved in a controversy known as the Business Plot, when he told a congressional committee that a group of wealthy industrialists were planning a military coup to overthrow Franklin D. Roosevelt, with Butler selected to lead a march of veterans to become dictator, similar to other Fascist regimes at that time. The individuals involved all denied the existence of a plot and the media ridiculed the allegations. A final report by a special House of Representatives Committee confirmed some of Butler’s testimony.
In 1935, Butler wrote a book entitled War Is a Racket, where he described and criticized the workings of the United States in its foreign actions and wars, such as those he was a part of, including the American corporations and other imperialist motivations behind them. After retiring from service, he became a popular activist, speaking at meetings organized by veterans, pacifists, and church groups in the 1930s.
“This documentary will bring you to the backdoor of your favorite brand names – those that make some of us shopaholics.
Nation-State is just an illusion. We don’t belong to a race. We are all subservient to Corporations. If the slave yesterday was housed and fed, a more complex arrangement is implemented today wherein the slave can house and fed himself creating a perception of independence. Yet the control mechanism is still there by the amount of take-home pay he is receiving which is barely enough to stay alive to work for another day. He can’t afford to set long term goals…”
An enlightening three minute clip from the Positive Money YT channel on why we have inequality. It’s a mythical illusion that all can succeed under capitalism and a short review of the literature on that, looking beyond all the spin, will prove it. The documentation of the proponents of this monetary system tell us quite clearly that scarcity and the inability for all to succeed is what’s required for it to run successfully… for those at the top of the pyramid that is.
1. The current money system distributes money from the bottom 90% to the top 10%
Because 97% of the money in the UK is created by banks, someone must pay interest on nearly every pound in the circulation. This interest redistributes money from the bottom 90% of the population to the very top 10%. The bottom 90% of the UK pays more interest to banks that they ever receive from them, which results in a redistribution of income from the bottom 90% of the population to the top 10%. Collectively we pay £165m every day in interest on personal loans alone (not including mortgages), and a total of £213bn a year in interest on all our debts.
2. It transfers money from the real economy to the banks
Businesses are also in a similar situation. The ‘real’ (non-financial), productive economy needs money to function, but because all money is created as debt, that sector also has to pay interest to the banks in order to function. This means that the real-economy businesses – shops, offices, factories etc — end up subsidising the banking sector.
3. It transfers money from the rest of the UK to the City of London
Banks pay their staff out of their profits, which in large part comes from the interest they charge on loans. Because most of the high earning bank staff work in the City of London, this results in a geographic transfer of wealth from the UK to those working in the City of London.
4. The instability that the system causes means that temporary and low-paid jobs are insecure
When banks cause a financial crisis it leads to unemployment. It tends to be low-paid and temporary contract workers who are the first to get made redundant first, so that instability in the economy has a bigger effect on those on low incomes with insecure jobs.
5. High house prices increase inequality
When house prices are pushed up by banks creating money, those on low incomes suffer the most. People on low incomes often can’t get a mortgage big enough to buy a house, so they don’t benefit from the rise in house prices. Meanwhile, those who can get access to mortgages can buy multiple houses for buy-to-let and benefit from artificial inflation in house prices. Younger people also lose out, as the cost of buying their first house swallows an ever larger amount of their income, while older and retired people who own houses benefit. This all increases inequality across different income groups and between the young and old.
Our pretend government aka corporation is borrowing $27 mill a day to keep us afloat, and has spent $6.2 mill on a house that is double the value of surrounding houses. It’s not a house it’s a mansion fit for a king. Our corporation is also flogging off our state housing, whilst many Kiwis are homeless and doesn’t give a toss about kids in poverty. Here then is a blatant example of ‘let them eat cake’. Something has gone terribly wrong with this country that once stamped out poverty and homelessness. Our CEO is a banker folks, he’s not a leader. He simply poses as one.
In case you missed it, the corporatization of our nation & its former government departments has led to a bottom line of maximizing profits. People no longer matter.
“Would you like to own a $6.2 million house in Hawaii? Good news – you already do. But bad news – the Government has bought the place for a diplomat.
It has inspired Story to start up a brand new segment called Silly Spending.
One of the many real estate ads for the home describes it as “ultimate modern luxury”.
“The crystal chandeliers are a great touch. The whole effect is one of a jewel box.”
It is 570 square metres of exceptional floor plan. It’s about four times bigger than your house, if you live in an average New Zealand home.
It’s got a pool and spa deck and it’s one block from the beach. The house is almost twice the average price of houses around it.
We bought the pad last year for diplomat Rob Kaiwai. He’s New Zealand’s first-ever Consul-General in Hawaii. We set up that posting last year to help out the 14 diplomatic postings we already had across the United States.
If you’re thinking he might need his house for high-powered meetings, that’s what the office in downtown Honolulu is for.”
From Stuff.co.nz by Richard Meadows : “A banking insider says some New Zealand banks made up to $1.5 million a day manipulating inter-bank interest rates.
The anonymous source says there was widespread rigging of the benchmark inter-bank BKBM rate, mirroring Europe’s Libor (London Inter-bank Offered Rate) scandal that rocked markets worldwide.
He says he wanted to blow the whistle on what he claimed may be the biggest and longest-running financial scam in New Zealand history.
Sources claim manipulation in New Zealand dated from the 1990s…
A spokesman for a New Zealand banking industry body said no misconduct issues had ever been identified, but declined to explain why the system has now been reformed…
The whistleblower claimed the behaviour was endemic in several banks during the 2000s, and had only been reined-in during recent years…
Who’s responsible?
Banks have self-regulated through NZFMA, an industry body that oversees BKBM.
Reforms were carried out in 2007, but the group has declined Fairfax Media requests to explain why.
No regulators have ever investigated, although the FMA says it did a “temperature check” on recent data…”
“The suicide rate in rural Waikato tripled as international dairy prices halved, and numbers are expected to rise further.
Six Waikato farmers appear to have taken their own lives in the year ending June 30, 2015, figures released by the Ministry of Justice under the Official Information Act show.
Fraser Farm Finance director Don Fraser was not surprised by the number of suicides, and expected to see more this financial year.
“The drop of income and the sheer weight of debt will probably see that rise over the next 12 months. It is the debt burden that makes them do it. It’s that sinking feeling you get when you get up every day and work for the bank….”
At the mercy of fickle markets this is the sad outcome. People lose hope with the ruin that comes with disasters like flooding and subsequent debt. We were told long ago by men in governments that economic recessions are man made. The banking industry is one that has the ability to enslave and ruin people, caring little for its victims. Witness the foreclosures we see now world wide.
From the Daily Blog … a look at how capitalism works and why the rich are getting richer on the backs of everybody else:
By Douglas Renwick
“There is a standard view of how capitalism is supposed to work given by the media. It goes something like this; capitalism is a system where people come together to freely exchange goods and services, including labour. Businesses compete competitively to give the most efficient outcome, and the profit motive gives incentive for innovation. People who become rich do so because they work hard to offer the market what it wants while the poor do not, so this wealth inequality is to a large extent the natural workings of the market. This is an imperfect but the best possible system.
That is I think the standard view given in the media, and I think most of it can be debunked while the rest can be turned on its head. I’ll be critiquing this view, but also give my own view of how I think Global Capitalism works. I’ll give what I think are realistic and viable solutions to the faults of Global capitalism at the end.
Capitalism is always seeking to make profit, and it was able to make profits in the period from 1945-1971 in the productive sector of the economy, and under this system there was high economic growth which was relatively egalitarian
the productive sector reached a certain capacity in the 1970’s, increasing productivity became less profitable … profits went into the FIRE economy … finance, insurance, real estate
the banking sector became wealthier and got turned into an institution that gambles rather than investing in productive things
the economy is now a system that is normally stagnant, and only grows when it is driven by speculative bubbles which eventually crash
real wages stagnate, as they have in New Zealand since 1984, while corporate profits go way up ……”
Certainly NZ is being sold lock, stock and barrel. The National Government seems indeed set on disposing of land hand over fist, along with our State Housing and other assets. This is the way of corporations … remember, our government is a corporation. The face of our country is truly changing in a very disturbing way. Watch this space. EnvirowatchRangitikei
“New Zealand land continues to go under the hammer to foreign buyers but no one is holding buyers to their promises of job and wealth creation for New Zealanders.
Strange, given the approvals are based on those promises. Oddly, no applications get rejected. In the last two years they have all been approved.
The promises, which give them the go ahead, include job creation, investment, protection of indigenous plants, donations to local organisations or schools, etc.
The Overseas Investment Office, the apparent guardian of our precious land, is letting us down. But the fault lies with the government which should be staffing it adequately and giving it the correct mandate…”
A 13 minute clip that explains the money system. Many notable people have referred to the banking fraternity’s control over the planet … one was Reginald McKenna, who had served as Chancellor of England’s Exchequer. In 1924 he said:
“I am afraid that the ordinary citizen will not like to be told that the banks can and do create money, and they who control the credit of a nation direct the policy of the governments and hold in the hollow of their hands, the destiny of the people”
“All facts in this movie have been independently confirmed. Sources are documented athttp://thrivemovement.comHistory will repeat itself as long as these bankers and their corrupt politicians are in charge…” (Source)
Give me control over a nation’s economy, and I care not who writes its laws
Today’s business corporation is an artificial creation, shielding owners and managers while preserving corporate privilege and existence. Artificial or not, corporations have won more rights under law than people have – rights which government has protected with armed force
Richard L Grossman and Frank T Adams
Recent articles in Nelson have illustrated what can happen following the installation of Smart Meters with accounts coming in at double the normal price and beyond. (Post to come on that one). The Greens in this article have highlighted the nonsensical world of privatisation … a thinly veiled scheme that clearly benefits the corporate world while claiming to benefit all. Remember, we were told the asset sales would get us out of debt (clearly wrong as our debt continues to climb). We were also told that more powercos meant more competition (free enterprise, the market and all that) which would mean lower prices … wrong again.
“…free enterprise, [is] a term that refers, in practice, to a system of public subsidy and private profit, with massive government intervention in the economy to maintain a welfare state for the rich.” Noam Chomsky
Gareth Hughes MP on Friday, August 28, 2015
“New analysis of the financial statements of Genesis, Mighty River Power, and Meridian released by the Green Party today shows that National’s partial privatisation of power companies has cost New Zealand taxpayers $871 million, the Green Party said.
“The latest data shows that National’s sale of 49 percent of shares in the power companies was a massive transfer of wealth from the people of New Zealand to a few select investors, many who live overseas,” Green Party energy spokesperson Gareth Hughes said.
“If the Crown still owned 100 percent of these companies, taxpayers could collectively have earned another $381 million this year alone and a whopping $775 million since the selloff.
“Add to that the $96 million of costs associated with the sale process, including bonus shares to sweeten the deal for private investors, and the New Zealand taxpayer is $871 million worse off because of National’s failed privatisation plan.
“Consumers are hurting because power prices are up 3.8 percent – meanwhile power companies are paying out massive salaries to their CEOs and directors.
“The CEOs of the three partially privatised power companies now all earn over a million dollars each, and Meridian’s CEO gets close to $2 million when extra perks are included.
“Rising salaries for power company CEOs are cold comfort for Kiwi households facing higher power bills,” said Mr Hughes.
Mighty River Power’s announcement today of a special shareholder dividend means it will pay out almost $300 million for the year, and caps off a string of recent profit announcements from the partially privatised power companies. Contact and Meridian are also paying special dividends, while Genesis’ profit doubled from the previous year.
The Green Party has released new analysis, undertaken by the Parliamentary Library, of the financial statements of the recently partially privatised power companies Genesis, Mighty River Power, and Meridian.
This five minute broadcast is an eye opener … from Dr Michael Parenti, one of my favourite authors/lecturers/activists. The beginning of my journey into discovering the many lies perpetrated on the West by the powers that be was Walter Rodney’s ‘How Europe Underdeveloped Africa’. The latter is a well documented treatise on how that rich continent, Africa, has been milked from the days of Cecil Rhodes onwards … Rhodes was that decorated gentleman and son of the British Empire who dreamed that white people would rule the world and said quite unashamedly:
“We must find new lands from which we can easily obtain raw materials and at the same time exploit the cheap slave labour that is available from the natives of the colonies. The colonies would also provide a dumping ground for the surplus goods produced in our factories”
The big lie they used to cover their exploitative activity was that they came to benevolently share the fruits of civilization. This was sheer humbug and were it so the recipients would now be prosperous. Instead they feature highest in all the negative stats of their respective countries. The latter is explained away by shifting the blame onto the recipients (eg. ‘they’re lazy) … an easy feat since perpetrators own the media. Listen to Parenti encapsulate it in a nutshell how this process continues on today:
With failed talks in Hawaii recently with regards to the free trade agreement, Kiwis turned out en masse today in many parts of the country to protest the whole deal that has thus far been carried out in secret. Ostensibly a free trade deal, it is a doorway that will give corporations open slather to sue us if we threaten their profit making margins … something they are already doing in other countries. Educate yourself on this issue … it is important. Here are links to various news reports throughout the country.
Tens of thousands turned out today in NZ to protest the TPPA
“The thing about this crowd is there’s children, there’s babies, there’s Maori there’s people from India, there’s trade unionists, there’s health professional, politicians, there’s professors, singers. It’s amazing. All of New Zealand is represented here. There’s no group you could say didn’t turn up today.” NZ Herald
“Documentary filmmaker Bryan Bruce sent a clear message to Tim Groser and the National Party today on the grounds of Parliament: ‘If they sign this deal they will be gone in the next election. We will not forget and we will not forgive them… ‘ ” SOURCE
Source: ONE News
In Auckland thousands of protesters turned out in the rain to march from Aotea Square down Queen Street.
Further south in Christchurch thousands of people turned out in the wet at Hagley Park to march up Riccarton Road, medical students, teachers and marketing executives among the crowd.
In Otago a large group of protesters marched through Dunedin’s CBD.
Protests today end an action week by those opposed to the proposed deal.
Rallies were also planned in Wellington, Kataia, Hokianga, Whangarei, Hamilton, Colville, Tauranga, Whakatane, Napier, New Plymouth, Featherston, Nelson, Timaru, Little River and Invercargill.
In Nelson, some of the protesters formed a choir to sing their message…”
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JP Morgan and other Western mega-banks have already begun stealing depositors’ money, according to sources at the Asian Development Bank and an American millionaire who reported his own funds were stolen.
Here is some enlightening weekend viewing. Learn why our respective nations have undergone such radical changes in recent decades. The oldies among us will tell you this. Things are not as they were.
New Zealand has changed dramatically since the late ’80s when the new neo liberal economic policies called Rogernomics set in. We are now the reapers of that earlier Government’s folly, and paying a price. Where once we had full employment and no debt, we are now in debt … big time (climbing $27 million per day) and subject to the control of big business. Borrowing millions per week to stay afloat? Our grandparents must be turning in their graves. That was the unfortunate ‘NZ Experiment’ that sold us down the river, and with our assets now going … going … gone, we no longer enjoy the sovereignty we once had. They sold off our family silver as it were under the fancy name of ‘privatization’. (A new term, note, that gives a professional air and shifts the focus off what is really happening). We were told it was to pay our national debt but we are now more in debt than ever … it clearly hasn’t worked. Our country is now a corporation registered with the Securities and Exchange Commission (SEC) and our government departments likewise. There is your clue. Corporations have one bottom line: PROFITS.
As an early NZ settler of colonial times stated:
The whole and entire object of everyone here is making money, the big fishes eating the little ones (‘The Rich List’, G Hunt p 29)
So ‘filthy lucre’ if you like was uppermost back then as well … the driving motive for expansion to other shores was not as we’ve been led to believe … to bring civilization and Christianity … these were merely by-products.
With this corporatisation everything began to operate on a business model, and instead of people with related background experience matching the kind of government department they served, we saw people appointed with purely business skills. Their focus became figures and profitability, not people, so social service and health departments were required to predict their costs in advance based on historical data. Quite a feat when dealing for instance with child abuse. Government departments were subjected to restructuring (the new catch word given to the changes … known also in other countries by other names like ‘structural adjustment’) and told it was so they could all work smarter. In fact, where I worked at the time, I likened it to musical chairs. When the music stopped there were less bums on seats in the office. And the music kept playing, and the seats kept disappearing. The folks on the ground inherited more work from their now absent colleagues, and the CEOs inherited fatter salaries to ensure (I suspect) the new status quo remained. It was a classic case of smoke and mirrors and happened across the board. Friends of mine in other professions complained of being buried in mountains of new paper requirements, the face of their jobs completely changing, and leaving less time for people.
So now we see evidence of this business model everywhere, with their whole raison d’etre being profits, while the memory of a caring welfare state is becoming more and more elusive by the year. In rural communities it still sticks out like a sore toe because it clashes with their longtime ethic of community and caring.
On that note, as you ponder on the origins of our (and many other countries’) demise into the debt abyss … grasp an overview of the root cause of these problems in ‘The Biggest Bank Heist Ever’. It is all about making money, the big fishes eating the little fishes. Remember, it is a mythical illusion that all can succeed under capitalism. Wakefield himself of the NZ Company openly stated that they would keep the price of land high enough so that not all could own any (1).
References
(1) Miller J (Early Victorian New Zealand) p 4
Video Description
Video info: “The award winning documentary ‘Inside Job’ [2011 | US] by the veteran crusader, Charles Ferguson is the most insightful and illuminating amongst a number of such attempts that deal with the global financial crisis, which is wrecking lives and economies across the world to this day.
The reason is that it successfully challenges the myths and lies surrounding the root causes of the crisis and tells us exactly how and why it happened, in a simple and straightforward way that anyone can understand.
IsuruFoundation® highly recommends this great film to anyone who wants to know why we the public are paying with our lives for the treacherous shenanigans of the filthy rich and the powerful.”
Those in the know are aware that there is no Government guarantee, but it turns out most regular people, and certainly most term depositors, either still think there’s a guarantee, or think there’s always has been one.
Tens of thousands of workers are missing millions of dollars from their KiwiSaver accounts because their employers have failed to either pass on payments docked from their pay, or pay their own employer contributions.
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