Government cheerlead foreigners buying NZ Citizenship while treasury warn NZs economic sovereignty slipping away – should we expel Peter Thiel?
I’m not really sure that you can cheerlead pimping citizenship to rich foreigners.
But the Government did…
Government touts $3.4 billion of investment through ‘golden visa’
The Active Investor Plus visa has delivered $3.39 billion of investment for New Zealand in less than a year.
Immigration Minister Erica Stanford announced the numbers on Friday in Auckland, during a visit to Hectre, an orchard‑technology firm that has received investment from individuals seeking the visa.
“These results show that the significant changes the Government had made to the visa is achieving our goal of making an investor visa available that attracts high-value global investors and supports the Government’s Going for Growth approach,” she said.
The $3.39 billion came with 573 applicants, a substantial increase from the $70 million of investment and 116 applications received in the 2.5 years before last year’s changes.
Stuff
Government cheerlead foreigners buying NZ Citizenship
Selling our citizenship to rich foreigners does not a Summer buy! Who is swallowing this? Is this why the Government allowed rich foreigners to buy $5m mansions in NZ now? Seeing as Chris Luxon is one of the few Kiwis with two houses worth $7m each and seeing as he has previously benefited from capital gains tax changes, he’s not selling one of his homes to someone he just sold a citizenship to is he?
Treasury warn NZs economic sovereignty slipping away
We are opening ourselves up for plunder at a time when the Big Bossman himself, he who sacrifices Wellington virgins at the alter of Milton Friedman buried in a bunker beneath Treasury, Iain Renney warns of foreign control of our economic sovereignty…
Treasury Secretary Iain Rennie warns the turbulent global environment is yet another reason why the Government needs to exercise “a degree of caution” when taking on a lot more debt.
The Government’s bond (debt) issuance has been rising post-pandemic.
Before 2020, it issued about $8 billion of New Zealand Government Bonds a year. In the next year, it is forecasting issuance of $35b.
With around 60% of new bonds being sold to offshore investors, the country is increasingly indebted to foreigners.
NZ Herald
…charming!
Talking of Economic sovereignty, should we expel Peter Thiel?
Should we expel Peter Thiel?
Phil Goff makes a very good point…
…and when you consider his mass surveillance Eye of Mordor Company, Palantir, is suing a Swiss magazine over critical reporting, has been linked to ICE, CIA and Department of Homeland Security and is embroiled in Epstein File Mandelson links, shouldn’t we expel Peter Thiel as a NZ Citizen?
Is Sovereign Credit a solution?
We have to provide a Left Wing Economic response to this that makes the State work for the people, not the powerful!
Infrastructure is not a luxury — it is the foundation of economic productivity. The debate over Harbour Bridge tolls is ultimately about whether the state shoulders national growth costs, or whether individual commuters are left to carry them alone heading into Election 2026.
It’s time NZ did something radical, look back at our own history for solutions on how to fund NZ Infrastructure – Sovereign Credit!
The greatest mistake Labour did over Covid, was that they borrowed the money from private banking rather than do what Mickey Savage did, create Sovereign Credit!
In the 1930s–40s, the first Labour Government (Savage & Fraser) used the Reserve Bank to directly finance social housing, infrastructure, and employment schemes. This was sovereign credit creation — money issued into the economy for public purposes.
New Zealand used sovereign credit creation in the 1930s for housing and recovery. Since the late 20th century, reforms locked us into a bond-based system to satisfy global financial orthodoxy and inflation fears. The difference is simple: bonds create debt to outsiders, sovereign credit creates money internally.
Why borrow from private banks when we should be directly creating sovereign credit to build the vast infrastructure deficit and climate adaptation investment net we face.
Let’s not be behold to foreign transnational debt mechanisms and instead seize our own destiny and chart the future on our own terms.
