The Daily Blog Open Mic Sunday 22nd November 2015

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openmike

 

Announce protest actions, general chit chat or give your opinion on issues we haven’t covered for the day.

Moderation rules are more lenient for this section, but try and play nicely.

 

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6 COMMENTS

  1. Are our Auckland housing bubble caught up in this corruption charges coming out of arrests of criminal Chinese investors laundering illegal bank money here now?

    https://www.rt.com/business/322822-china-illegal-bank-crackdown/

    “China busts biggest “underground Bank”

    Beijing has announced a crackdown on the country’s biggest “underground bank” which handled $64 billion (410 billion yuan) of illegal foreign-exchange transactions. China is currently boosting efforts to curb capital outflows and fight corruption.

    The bank transferred money overseas using non-resident accounts, exploiting regulatory loopholes and bypassing oversight, according to the government.

    More than 370 people have been arrested, some face lawsuits or criminal charges, the People’s Daily reports citing police officials.

    “Chinese authorities started raiding underground banks in April. Since then they have revealed over 170 cases of money laundering and illegal fund transfers totalling more than 800 billion yuan ($125.34 billion). Police have shut down 37 banks.”

    • this is not at all surprising…i have been told by a relative living with Chinese that Chinese can get unlimited money for New Zealand housing from their Chinese banks …and that Chinese resident in NZ act for non resident relatives in buy ups of New Zealand housing

      …the John Key Nactional government must be aware of this

      …who is going to call this government to account?

      ..when Labour tried to do it they were accused of being racist by Nactional and the Greens

      http://www.smh.com.au/business/comment-and-analysis/wall-of-chinese-capital-buying-up-australian-properties-20150628-ghztdf.html

      ( the Greens may call this “crude racial profiling” and accuse Labour and NZF of being racist …but the kindest interpretation is that the Greens are naive and ignoring the facts..or they are acting on some weird internationalism ideology that New Zealanders should not come first in their own country and it is open slather for housing

      ….and in so doing selling young New Zealanders out of ever owning a New Zealand house…unless of course their parents are rich….in other words the Greens along with jonkey nactional are selling out future generations of New Zealanders…Young New Zealanders should think twice about voting Green or Nactional imo)

      • Hear hear Chooky. Good comment.

        You ask “… who is going to call this government to account?”

        Seems as NatzKEY cannot be penetrated and/or thereby removed by legal means … voting etc, the only option is for us the people, to call it to account. Armed with very sharp pitchforks!

        Seriously though, what other means is there open to us?

  2. Episode 837

    https://www.rt.com/shows/keiser-report/322468-episode-max-keiser-837/

    “In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss a fictional novel called Stock Options Revisited, in which our economies have run dry and bankers and rentiers have sought to earn by mirage.

    In the second half, Max continues his interview with Satyajit Das, author of “Extreme Money.” In this segment, they discuss China – from lung-washing tourism to the Great Southern Province of China – aka Australia – where houses and holes make an economy.”

    Episode 838

    https://www.rt.com/shows/keiser-report/322667-episode-max-keiser-838/

    “In this episode of the Keiser Report, Max Keiser and Stacy Herbert briefly discuss the former financial regulator, warning that we need radical ideas on fixing inequality by looking back on some old ideas about private banks creating too much credit. Max then heads to the South Bank in London near Waterloo to meet Yanis Varoufakis, the former Greek Finance Minister.

    In the second half, Max continues his interview with Varoufakis regarding the Greek financial crisis – and whether or not the bureaucrats of the Troika are incompetent or malicious with their failed programs.”

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