New Zealand senior figures of influence – please take note of the words of former Washington political insider – turned living international media treasure – then take a look in the mirror and ask just how far away from what he describes of Washington – is Wellington?
Bill Moyers; http://billmoyers.com/segment/bill-moyers-essay-the-end-game-for-democracy/
“The journalists who could tell us these things rarely do – and some, never. They aren’t blind, simply bedazzled. Watch the evening news – any evening news – or the Sunday talk shows. Listen to the chit-chat of the early risers on morning TV — and ask yourself if you are learning anything about how this town actually works.
William Greider, one of our craft’s finest reporters, fierce and unbought, despite a long life in Washington once said that no one can hope to understand what is driving political behavior without asking the kind of gut-level questions politicians ask themselves in private: “Who are the winners in this matter and who are the losers? Who gets the money and who has to pay? Who must be heard on this question and who can be safely ignored?”
end quote
William Greider is a former Wall Street insider who wrote this insightful article; http://www.thenation.com/article/dismantling-temple…
“Many in Congress will be afraid to take on the temple and reluctant to violate the taboo surrounding the Fed. It will probably require popular rebellion to make this happen, and that requires citizens who see through the temple’s secrets. But the present crisis has not only exposed the Fed’s worst failures and structural flaws; it has also introduced citizens to the vast potential of monetary policy to serve the common good. If Ben Bernanke can create trillions of dollars at will and spread them around the financial system, could government do the same thing to finance important public projects the people want and need? Daring as it sounds, the answer is, Yes, we can.
The central bank’s most mysterious power–to create money with a few computer keystrokes–is dauntingly complicated, and the mechanics are not widely understood. But the essential thing to understand is that this power relies on democratic consent–the people’s trust, their willingness to accept the currency and use it in exchange. This is not entirely voluntary, since the government also requires people to pay their taxes in dollars, not euros or yen. But citizens conferred the power on government through their elected representatives. Newly created money is often called the “pure credit” of the nation. In principle, it exists for the benefit of all.”
end quote
I ask this of New Zealand media news makers and opinion shapers – and all public representatives –
Please give us an explanation of your understanding of how our current money system works – what circulates as currency in it – from who it comes – under what terms and conditions – below is a clue;
John Key -17 November 2012- interview with Rachel Smalley on tv show – The Nation;
“Our (Govt) debt to GDP levels by then will top at just under 30 percent, in other words, um, we’ll be relatively lowly indebted compared to countries like America and Europe, but I put it to you we are a small open economy, we have high levels of private sector debt, we, mum and dad, have borrowed that debt effectively from foreigners because their local bank has sourced that from foreigners.”
Follow the trial of money flowing out of New Zealand as interest and dividends – at a greater rate than it is coming in and – you will find the same people living international media treasure – Bill Moyers – is speaking of !
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New Zealand senior figures of influence – please take note of the words of former Washington political insider – turned living international media treasure – then take a look in the mirror and ask just how far away from what he describes of Washington – is Wellington?
Bill Moyers;
http://billmoyers.com/segment/bill-moyers-essay-the-end-game-for-democracy/
“The journalists who could tell us these things rarely do – and some, never. They aren’t blind, simply bedazzled. Watch the evening news – any evening news – or the Sunday talk shows. Listen to the chit-chat of the early risers on morning TV — and ask yourself if you are learning anything about how this town actually works.
William Greider, one of our craft’s finest reporters, fierce and unbought, despite a long life in Washington once said that no one can hope to understand what is driving political behavior without asking the kind of gut-level questions politicians ask themselves in private: “Who are the winners in this matter and who are the losers? Who gets the money and who has to pay? Who must be heard on this question and who can be safely ignored?”
end quote
William Greider is a former Wall Street insider who wrote this insightful article;
http://www.thenation.com/article/dismantling-temple…
“Many in Congress will be afraid to take on the temple and reluctant to violate the taboo surrounding the Fed. It will probably require popular rebellion to make this happen, and that requires citizens who see through the temple’s secrets. But the present crisis has not only exposed the Fed’s worst failures and structural flaws; it has also introduced citizens to the vast potential of monetary policy to serve the common good. If Ben Bernanke can create trillions of dollars at will and spread them around the financial system, could government do the same thing to finance important public projects the people want and need? Daring as it sounds, the answer is, Yes, we can.
The central bank’s most mysterious power–to create money with a few computer keystrokes–is dauntingly complicated, and the mechanics are not widely understood. But the essential thing to understand is that this power relies on democratic consent–the people’s trust, their willingness to accept the currency and use it in exchange. This is not entirely voluntary, since the government also requires people to pay their taxes in dollars, not euros or yen. But citizens conferred the power on government through their elected representatives. Newly created money is often called the “pure credit” of the nation. In principle, it exists for the benefit of all.”
end quote
I ask this of New Zealand media news makers and opinion shapers – and all public representatives –
Please give us an explanation of your understanding of how our current money system works – what circulates as currency in it – from who it comes – under what terms and conditions – below is a clue;
John Key -17 November 2012- interview with Rachel Smalley on tv show – The Nation;
“Our (Govt) debt to GDP levels by then will top at just under 30 percent, in other words, um, we’ll be relatively lowly indebted compared to countries like America and Europe, but I put it to you we are a small open economy, we have high levels of private sector debt, we, mum and dad, have borrowed that debt effectively from foreigners because their local bank has sourced that from foreigners.”
Follow the trial of money flowing out of New Zealand as interest and dividends – at a greater rate than it is coming in and – you will find the same people living international media treasure – Bill Moyers – is speaking of !
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