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The RBNZ is creating the inequality which is driving so many young kiwis offshore. It needs reform!
https://www.youtube.com/watch?v=0D9HAXE0-AA
In this video I look at the RBNZ and I show how they are always working for only one section of society… THE RICH!
The RBNZ is creating more and more inequality each time it drops the OCR and reignites inflation.
It is time to come up with a new way of deciding monetary policy because leaving it in the hands of a few hand picked ‘HAVES’ is just going to forever increase inequality.
The RBNZ is fooling nobody… we know that its not independent and we know that having an MPC is about as democratic as China.
@TheLiquidMix
58 seconds ago
i think its cumulative, like 5% of the already 5% from previous year, so its more than 20%, if you compare 2020 to 2025?
Why New Zealand Is Going Broke
What happens when paradise starts running out of luck? In this video, we break down how New Zealand — once celebrated as a “rock-star economy” — is now sliding toward its worst downturn in decades. Behind the postcard views and global praise lies a fragile system built on soaring housing prices, shrinking productivity, and a dangerous dependence on a few raw-material exports.
We’ll uncover how overreliance on property wealth, an exodus of skilled workers, and policy missteps turned one of the world’s most admired nations into a cautionary tale for modern economies. From record debt and rising costs to an aging population and crumbling infrastructure, discover why New Zealand’s financial foundation is cracking — and what it must do to survive.
https://www.youtube.com/watch?v=roLkV5vdi-w
@konceptgaming9469
2 days ago
New Zealand is going broke because our governments—across the board—have consistently made short-sighted decisions. We sell off successful companies to overseas buyers the moment they start doing well, and we let speculative investors drive up prices without enforcing proper capital gains taxes.
A perfect example: the National Government’s 49% sell-off of our power companies. It was a quick cash grab, but now those companies are expected to turn huge profits for shareholders instead of serving the public. That’s backfired badly.
Add to that decades of weak leadership, and it’s no wonder we’re in this mess. Manufacturing won’t return here at scale—our cost of living and business is just too high. We’ve priced ourselves out of our own economy.
@ooo-vc4xl
3 days ago
Successive incompetent neoliberal governments have screwed Kiwis over
@elvista1040
2 days ago
When the bankers got into the NZ Government and it started with Rogernomics, they sold off most of the NZ assets to their mates, then their mates sucked all the value out of the assets to fill their pockets and left NZ in the mess its in now.
@KellyWellington-l1l
2 days ago
Graham Heart is almost single handedly responsible for the destruction of the timber processing industry in NewZealand, buying up & shutting down operations from the central north island to northland he has destroyed jobs & communities, even making sure nobody would have the chance to revive them ,modern equipment was scrapped to make sure of it,thats why building a house has become so expensive, all he wants is the easy cash that comes from selling logs,we’ll soon be importing processed timber that was growm here in NewZealand
@iondowman273
2 days ago
Sixty years ago, New Zealand was rated as having the second highest standard of living ON THE PLANET. It has been steady eroding ever since. Then Muldoon, followed by Roger Douglas, Ruth Richardson and Milton Friedmanite economics hit the country and it has never recovered. Kiwiland doesn’t even have a government any more – just a bunch of cyphers place holding for the next election, and the next bunch of place holders.
@jasonpullan488
1 day ago
The reason New Zealand is going broke is the financial vampires sucking money out of the country!!! Foreign ownership of of “Rental” is sucking money out of the economy! Paying dividends to foreign investors/companies/banks that invest in companies here, and demand increases in payouts(7% annually).
Basically all profits instead of being returned into the economy are being taken out to the coffers of investors!
Until “profits” are taxed, or forced to to stay in the country for investment, our economy will bleed to death, “Death by a thousand cuts”