Captain Socialism, the Reserve Bank Governor Adrian Orr has spoken! The Death Cult Capitalists demanding the economy opens faster have lost the argument.
NZ must remain in Level 2 and keep the borders shut to prevent the plague spreading because we CAN NOT survive Lockdown 4 again…
Unemployment could rise to 18 per cent, house prices could halve, and the viability of the banks could be “called into question” if the coronavirus prompted a further period of economic lockdowns, the Reserve Bank has warned.
The Reserve Bank said in the central bank’s annual report on financial stability published on Wednesday that banks had coped well with the coronavirus pandemic so far.
But under “severe enough scenarios, the viability of banks would come into question”, it warned.
In the event of its worst-case lockdown scenario “initial modelling suggests that, without significant and timely mitigating actions, banks would fall below minimum capital requirements under this scenario,” it said.
…Captain Socialism has made it clear, we fuck this up and go back early the way the Death Cult Capitalists demand, we risk losing control of the plague, go back to Lockdown 4 and invite Bank collapses.
As the deadly economic data unfolds like todays announcement of 37 500 jobs, Labour must hold their nerve to extinguish the plague and prevent its re-entry.
The Death Cult Capitalists believe we can go back to ‘normal’ but until there is a vaccine, there can be no ‘normal’.
We’ve seen what the Death Cult Capitalists have done to America and the UK, we have almost eradicated the plague in NZ and need to position ourselves to be able to trade on our 100% Pure brand in a very unique way.
Let’s not allow the wealthy who feel their privilege threatened push us into opening up the economy faster than the medical experts advise.
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