New Zealand

NZ Monopoly

MonopolyWe’ve been sitting down playing the latest game of Monopoly these holidays.  The board is an ominous black colour, there’s no cash and it’s ruthless!  At least you get round the board quickly.  Even my husband joined in.  He normally refuses to play, calling the standard game “Monotony.”

Anyway, it got me thinking about the game.

How would you feel if we sat down for a game and I was the banker who could generate more Monopoly money whenever I needed to?  I had the most expensive streets.  Your cheap properties would end up mortgaged, and every time you made it around Go, you’d only get about half of your Go money because a portion would be electronically deducted to me via income tax and GST – even before you landed on the tax squares.

That’s what the system is like in every country in the world that has a reserve bank and a system modeled on the Bank of England.

Uninsured picIn the New Zealand version of our rigged game of Monopoly, if I as the Banker did get into trouble, I would take your money to keep myself in the game.  It’s called the “Open Bank Resolution.”  New Zealand is the only OECD country without deposit insurance.

To add insult to injury the banker is foreign.  The “big four” banks in NZ are all Australian – even the BNZ, which was sold to Australia in 1992 after the NZ tax payer bailed it out in 1990.

Do you want to play?  The NZ version of Monopoly is probably the worst – but we’re all playing unless you’re in North Korea, the only country left without a reserve bank.  Interestingly, the other hold outs – Iraq, Afghanistan and Libya have had central banks imposed after being invaded.

Guess How Many Nations In The World Do Not Have A Central Bank?

Money creation, Fractional Reserve Banking

While the NZ Reserve Bank controls the issue of currency, most of the money is now generated electronically – essentially created out of nothing by the Australian banks.  We think the banks are loaning from depositor’s funds, but they’re not.

“As the Bank of England has now confirmed, banks create the money they lend out of nothing and can charge interest on the new money for as long as it exists in the form of a debt owed to them.” Source:  Banks fuel housing market by ‘creating’ money.

john-maynard-keynes

 

money_out_of_thin_air

What can we do?

How Monopoly ends

We could educate ourselves about money.

We could ask our governments for a change to the money system. Ask why we aren’t creating the money electronically and charging the banks for it?

Don’t do business with the foreign owned banks.

Join an international movement for money reform.  http://internationalmoneyreform.org/


Links

The New Zealand housing affordability crisis will go on getting worse. In other words, and at the risk of accusations of xenophobia, it is not so much Chinese buyers, as Australian-owned banks, that are responsible for New Zealand’s housing crisis. Source: Banks fuel housing market by ‘creating’ money.

NZ Open bank Resolution: ‘A flawed system to protect savers’

“On the bank’s website, BNZ invites customers to “check out how we’ve been part of New Zealand’s history”, with a timeline running from 1860 to the present day.  It contains many high-points, but fails to mention either of the two times the bank required government bail-outs in order to continue trading.”  Source: BNZ ‘inadvertently’ rewrites history by omitting bailouts.


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Australia debates same-sex marriage, but was NZ given a say?

This time Australia is being pressured to change the marriage law.  They’ll be told that New Zealand did it, so why shouldn’t they?  The media are making it sound like there was a public mandate for same-sex marriage in 2013, but that’s simply not true.  New Zealanders weren’t asked.  We weren’t given a referendum.  We were silenced. 

The one and only time we got a voice was in a TV3 news poll.  This was the response.  There were nearly 17,000 respondents with 78% against.  The media were shocked at the strength of public opinion against and there was a media blackout over our opinion.

NZ support for gay marriage 2013

NZ TV3 news poll from 2013, nearly 17,000 respondents, 78% against.

SHOCK – TV3 Campbell Live ‘Marriage-Equality bill’ poll

Here’s a cartoon from 2013 showing who had the say in NZ – politicians.

Marriage

At least Australians are being asked.  Why weren’t New Zealanders given the right to vote on this?

gettyimages-846674072

And before you label me a “hater” for pointing out the facts – I don’t hate homosexuals.  What I do hate is living in a society where people are shouted down and silenced, slurred for having a different opinion and not given a say in what their government does!  It’s called injustice.

These are the questions I hope Australians will ask themselves;  Who is driving this agenda?  Should government legislate morality?  What societal benefits are there in same-sex marriage?  Why are people who disagree being labelled “homophobes” and “bigots?”


Australians are voting on same-sex marriage — and it’s starting to get ugly


 

Has NZ been left with a financial T-Rex?

New Zealand’s Prime Minister John Key has resigned.  I’m surprised at the timing – just after the Kaikoura earthquakes, and on the same day that Italy’s prime minister resigned.

It reminds me of that scene in Jurassic Park where the kids got left with T-Rex.  But let’s hold that uneasy thought for the time being.

he-left-us

Key should have resigned like he promised when it was proven that the GCSB is carrying out mass surveillance of us New Zealanders.  But when the Snowden revelations did indeed show that in 2015, nothing happened.  At least he would have had some credibility if he’d kept his word.

But he hasn’t kept his word.

For instance, he wasn’t going to raise the GST tax.   John Key’s changing opinion on GST rise.

On gay marriage – before his government passed it into law in 2013, he previously said “he did not believe there was a big demand for gay marriage in NZ and that civil unions were enough.”

Has John Key left big shoes to fill?  No, those big shoes look more like flip flops.

John Key flip flops like a girl changes clothes

His comments were flip and his neo-liberal financial leadership was a flop.

flip-flops2

So what has John Key done in the three terms he’s been in?

He raised GST to 15%, turned NZ into a tax haven for the one percent, sold NZ land to overseas investors thereby pricing our children out of the domestic housing market, signed NZ up to the TPP, sold state houses – which forced vulnerable NZ families into living in cars, and under his watch New Zealand’s gross debt has soared to a whopping half trillion dollars.

That’s what we know he’s done.  So what’s happening behind the scenes that we don’t know about?

How about New Zealand’s exposure to derivatives? 

Former Canterbury University accountancy lecturer Dr Susan Newberry, now professor of accounting at Sydney University’s business school, still keeps a fascinated eye on the “New Zealand experiment”. And some of what she sees she finds a little alarming.

Does the average Kiwi know the country’s balance sheet now has a derivatives exposure of $180b, she asks? That is rather a lot of those “financial weapons of mass destruction”.

It means the NZ tax-payer is on the hook if it all goes wrong and there is the international equivalent of a bank-imposed mortgagee sale. (Think Greece, Iceland and Ireland.)

But hey, what could go wrong?  It’s like 2008 never happened!

John Key was directly involved in the development of derivatives – the financial contracts and credit default swaps that no-one understands, which led to the toxic sub-prime housing loans, which led to the Global Financial Crisis. The likes of Merrill Lynch and the Bankers Trust profited from foreign exchange trades and derivatives speculation at the expense of national economies.

In transforming NZ into a tax haven and creating the speculative housing bubble, he’s done the same thing to NZ that he did to Ireland, when as head of global foreign exchange for investment giant Merrill Lynch he shifted a considerable amount of his business to Ireland in the mid-1990s to take advantage of a 10% tax rate for foreign investors.

Fran O’Sullivan: Key chases luck o’ the Irish

That’s what you get when you elect a banker for Prime Minister.  He’s done really well for the one percent.

Meanwhile, have we in NZ been left with a financial T-Rex?

derivatives

Other links:
The great big list of John Key’s big fat lies

Another Very Short Collection of John Key’s Lies

Trading Places: Running NZ like an investment fund

Don’t let the door hit your arse on your way out Johnny

A shaken nation

At midnight on the day globalists John Kerry (US Secretary of State) and John Key (prime minister of NZ) met in Wellington, NZ suffered another huge earthquake.  It did damage to the top part of the South Island and the capital, Wellington.

This quake was different because it was actually two huge earthquakes that happened simultaneously. Two earthquakes, that lasted two minutes, with two people dead, affecting two islands (the North and South Island) – and the land has undergone a two-metre shift south of Marlborough …with aftershocks felt in Seddon.

(The fact that Seddon is affected again is significant. I’ve explained in a previous post that the prominent statue of Richard Seddon outside NZ’s Parliament Buildings has come to represent the authority of the government in NZ. Is the nation being shaken because the government is again doing something out of its mandated authority?)

And all this has happened during a super-moon and before a huge storm.  There were also strange lights, seen flashing across the sky in Wellington while the earth shook. These lights are an extremely rare occurrence, happening in only 0.5% of earthquakes.

Strange bright lights flash across Wellington sky during earthquake

What was the reason for Kerry and Key’s meeting?  Ostensibly Kerry had stopped into NZ on his way back from a trip to observe “climate change” in Antarctica – even though NASA found that it is not possible to say whether it is warming or cooling overall, and the ice sheets aren’t melting.

The real reason he was in NZ was probably to plan a way to get the TPPA finalised before Trump quite rightly puts a kibosh on the deal.

US Secretary of State John Kerry meets with John Key in Wellington with the future of TPPA on the line

Kerry and Key are not New Zealand’s friends. They are a threat to New Zealand’s sovereignty.

The TPPA has been negotiated in secret, aided by a compliant media. New Zealanders are not privy to this deal. It’s frightening.

Free trade agreements are not about jobs; they are about strengthening corporate power and maximising dividend returns to shareholders. Under the TPPA, corporations will be able to sue our government with lawsuits conducted in secret, foreign tribunals.

APEC is another globalist trade bloc designed to benefit the oligarchs.  This quake has forced John Key to delay his trip to APEC in Peru until later in the week.

Bollard, former governor of New Zealand’s central bank said “Many of the 21 APEC economies are seeing a rise in anti-globalization sentiment, and a key topic for the leaders in Peru will be on what this means for global trade.

Bollard believes the backlash against formal trade deals may lead members to conclude that APEC — which is non-legally binding, consensus-driven and takes incremental steps — is more crucial, as it works on a range of areas like food security and reducing inequality.”   Source: Leaders of TPP nations to review options with US President Obama

I shudder to think what “food security” and “equality” are going to look like.

Again I ask, is the earthquake a sign that the NZ government acting outside of its mandated authority?  The pattern of ‘two’s associated with this quake appear to be a sign, but God knows what it means.  I’m just thankful there wasn’t more loss of life.

It is significant this earthquake happened on the same day in history that New Zealand’s first governor, Governor George Grey arrived – on the 14 November 1845.

Coincidence?

Parliamentary Service has also released CCTV footage from the Speaker’s corridor, showing portraits of previous Prime Ministers swaying and banging against the walls.

http://www.newshub.co.nz/nznews/underneath-parliament-in-a-quake-2016111416

nz-prime-ministers-nov-2016

"From dissension, envy, hate,
And corruption guard our State,
Make our country good and great,
God defend New Zealand."

Links

Another major earthquake in New Zealand.

Leaders of TPP nations to review options with US President Obama

CERN boffins see strange … oh, wait, that’s just New Zealand moving 2m north

Enormous Earthquakes Hit Both Sides Of The Pacific And Experts Warn The San Andreas Could ‘Unzip All At Once’

A red flag?

chinese-flag-kowtowIn politics, a red flag is a symbol of socialism, communism, and left-wing politics; it has been associated with left-wing politics since the French Revolution (1789–99). (source: Wikipedia)
A red flag is also a warning symbol.

Which brings me to our national flag.  This year, we the people of NZ were subjected to a fruitless, polarising debate about changing our flag – and no-one knows why.  There had been no mandate from New-Zealand-flagus to do so.  It was called Prime minister John Key’s ‘vanity project’ and cost NZ $26 million dollars.

A two-stage binding referendum on the flag change was held in 2015 and 2016.  In 2015 we were asked to pick the design of the new flag.  Shouldn’t the first question have been whether we even wanted it changed?  NZ chose to retain the current flag in the second 2016 referendum.  So the issue is done and dusted.

BUT here’s the red flag … it turns out the communist government of China was behind the flag change.

On February 18 2016 Prime Minister John Key had a secret lunch with a select, small group of communist Chinese leaders who wanted the Union Jack on our flag gone – because of the Boxer rebellion – a war they had with Britain which happened between 1899-1901!  China needed to be told it happened over a century ago, didn’t involve NZ, and to get over themselves.  Any New Zealander not of Chinese extraction will say “we don’t care.”

What I do care about is why communist China was allowed to interfere with New Zealand’s domestic affairs – and why this meeting was not picked up by the media.  Not many New Zealander’s know about this.

Here are the few news articles I could manage to find about the meeting kept secret from the public.
Key criticised over secret flag-funding lunchKey criticised over secret flag-funding lunch
PM accused of lack of transparency over secret lunch with wealthy Chinese
John Key’s secret flag donor luncheonJohn Key’s secret flag donor luncheon

Do you see this involvement by the totalitarian dictatorship of China in our domestic affairs as a red flag?  I do.

China lost no time getting rid of the old Hong Kong flag in the 1990’s.  Did they try the same thing in NZ?

hong-kong-protest

Hong Kong protest – is it time for NZ to do the same?


Extra links:
Key and the Chinese Connection
Flag it: What else would $26m buy us?Flag it: What else would $26m buy us?

NZ government in denial over housing crisis

Auckland Housing Crisis cartoonNew Zealand has got a previously unheard of problem – homeless families are sleeping in cars, while nearly half of the houses in our largest city Auckland (49%) are being snapped up by foreign investors and then sitting there empty!  The Chinese were the biggest group.  Last year in June it was 41% of Auckland homes. 

John Key, our prime minister and former banker who worked at Merrill Lynch, glibly believed most of the investors in the property market would be locals.  It was clear the government either didn’t have a clue or didn’t care.  NZ doesn’t have a foreign buyers register or any rules around speculation on houses.

Last year a whistle-blower from the real estate industry said mainland Chinese money snapped up at least 80 per cent of residential sales in parts of Auckland in March but were nearer 90 per cent in May, 2015.  Of course the whistle blower lost his job.

Here’s the radio interview about it: Property insider: It’s bigger than you think
“Property speculation is rampant, and I believe on the strength of these numbers that offshore Chinese investors are a very significant part of what’s going on,” said Phil Twyford, the MP for Te Atatū.  When he was accused of being racist for pointing it out, he said “I’m speaking for young New Zealanders who want affordable home ownership. If we solve this problem, if we ban foreign buyers, that will make a big difference.”
Leaked data shows Chinese offshore buyers fuelling ‘rampant’ Auckland property speculation, Twyford says.

“What I’m saying is that there is a tsunami of Chinese investment headed towards international real estate markets, including New Zealand. These numbers are coming from Juwai.com, the preeminent Chinese website that markets real estate, including New Zealand real estate. There’s a whole industry marketing our houses to Chinese investors.”

There are more than 6,000 real estate agents in Auckland.
Here’s a quote from Juwai.com about their buyers,

“Property is investment of choice – a stable investment exemplifying wealth & status. Chinese buyers spent US$37 billion on international residential property in 2013. 70% pay cash for property purchases.”

It quoted there are 63 million upper-middle-class Chinese and 2.8 million high-net-worth Chinese.  Less than 1% of them can read English.

The Chinese have deeper pockets than New Zealanders.  Our children will be the tenants of Chinese landlords – if they’ll even rent to them.

And then we hear that while people sleep in cars as the city grapples with homelessness, more than 33,000 Auckland dwellings are officially classified empty.  They’re called ghost houses.” That’s the size of a NZ town.  Running on Empty: Auckland’s “ghost” house problem.

The Minister for Housing Nick Smith replied “Diddly Squat” when asked about the percentage of foreign property buyers.  In fobbing the journalist off, it appears our government favours money over people.

Diddly squat

Opinion: ‘Diddly squat’ – Govt incompetent on housing

An article from June 2016, Why MPs may want house prices in New Zealand to keep rising

This is an article from 2012: Bernard Hickey: Govt eyes blind to housing crisis


More links:

1949-state-house-in-taita

Homeless family: The realities of living in a van

Kids living in vans? I’m mad as hell

Why our state housing stock is being sold off while thousands of Kiwis are homeless

Rangitikei Enviromental Health Watch

The Prime Minister John Key announced earlier this year that he intended to sell off  1000 to 2000 of NZ’s state houses. Large numbers of these homes were built by the first Labour government in 1935 and as of 2013 the stock numbered 69,000. That era had marked the birth of our welfare state and the tenants of the first house that was finished and let in 1937, paid just one third of their income in rent. Fifty years later we had the Labour government promising to remain involved in NZ’s housing market, then with the event of  Rogernomics and Roger Douglas’s neo liberal economic policies (the new economic ‘experiment’ that benefited those at the top of the capitalist pyramid and launched the ever increasing gap between rich and poor) rents were raised to market rates. Tenants could then apply for a government subsidy called an accommodation benefit,  effectively subsidizing…

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