The pariahs that rule over us … they cannot claim ignorance! Hear them all laugh at the banker’s statement! They know. TVNZ broadcasted about this ponzi schem 12 years agoon Youtube “CONFIRMED: Loans & Mortgages are created out of thin air by the Banks” (In the article below you can hear the statement and the laughter at the X link).See our Money pages @ main menu. EWNZ
A banker at the New Zealand Reserve Bank (NZRB) joked about what modern central banking is really all about. On February 12th, 2024, during a parliamentary committee meeting, NZRB Governor Adrian Orr cracked a joke about the modern central banking system, which was met with laughter.
“We actually fund ourselves and then decide what dividends to pay.
“It’s a great business to be in, central banking, where you print money and people believe it.”
Tap the image to watch the video
According to CoinTelegraph, ‘The hearing was part of the central bank’s annual review. During the meeting, Orr said he was “critically concerned” with the rise of decentralized digital currencies such as Bitcoin, which he argued lacks the three main properties of money.’
Orr said, “It’s neither a means of exchange, it’s not a store of value and it’s not a unit of account.” Orr is also not that big of a fan of stablecoins, believing that they do not compliment central bank issued currency. “They’re only as good as the balance sheet of the person offering that stablecoin,” he added.
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AUTHOR COMMENTARY
Proverbs 22:7 The rich ruleth over the poor, and the borrower is servant to the lender.
This isn’t anything shocking if you have a modicum of knowledge and understanding concerning the current economic framework. It’s all about cheap, easy, helicopter money; and those inflated notes ultimately make them and their rich criminal friends who gamble in the markets, wealthier at our expense because they have to transact in them.
Proverbs 10:15 The rich man’s wealth is his strong city: the destruction of the poor is their poverty.
But there is an actual term for this when central banks print all this money: it’s called the “Cantillon Effect;” those closest to the money printer reap the most benefit, whereas when the money starts to funnel and “trickle down” into the broader economy it’s worth a lot less, and we pay for it as a tax that way. It is the single greatest Ponzi scheme ever concocted.
For more on this, see my study on this deliberate money failure:
Is John Key benefiting from NZ debt? Does water flow downhill? Do birds fly? Do corporate flunkies lie? Yesterday NZReport had a link to an article with this headline, I saved it to cite it today in an article … and overnight it’s disappeared. No sign of it anywhere. Our corporate whore media has backtracked again.
Key, the PM who will be remembered for denying hungry kids school lunches
Nevertheless, I posted info some months back on the topic so it bears repeating, to remind folks just how corrupt their beloved PM & his Nat party are. They are systematically destroying the last vestiges of sovereignty, independence and prosperity we have, or should that be ‘had’? And don’t forget the recent lost $200 million debacle and the collapsed Portuguese bank … the ‘fail safe’ investment of Kiwisaver funds!
(The now defunct link http://nzreport.co.nz/video-is-john-key-inside-trading-with-new-zealands-debt/) EnvirowatchRangitikei
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 the clip, 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!
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.
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