Privatising KiwiBank strangles our economic sovereignty – why Winston is right about nationalising BNZ
The debate over KiwiBank isn’t really about banking. It’s about sovereignty. Whether New Zealand controls its own financial infrastructure or whether more of our economy gets siphoned offshore by Australian banks already posting enormous profits from Kiwi customers. Winston Peters’ call to buy back BNZ might sound radical in neoliberal New Zealand, but the public anger underneath it is very real.
Partial sell-off of Kiwibank back on the government’s agenda
Kiwibank has been instructed by the government to once again look at its options for long-term growth, including revisiting the possibility of partial privatisation.
RNZ
We have KiwiBank not just because it provides competition for the bastard privacy-abusing-nark-for-the-cops Australian banks, we have KiwiBank because it is impossible to operate in civil society without a bank account. Why the Sweet Zombie Jesus would we want to monopolise that necessity to Australia?
The outcome of privatising KiwiBank to foreign interests would be billions sucked out of the NZ economy every year.
KiwiBank should be the Government bank, move the contract from Westpac, f**k the Australians.
KiwiBank is our economic sovereignty for crying out loud.
Why privatising KiwiBank weakens New Zealand sovereignty
Why allow the Australian banks to use us as monopoly rentals? Why allow the Australian banks to gain more power by privatising our own bank?
The Australian banks who are walking away with hundreds of millions if not billions in profits each year?
Why allow those rich pricks to have more power over us by privatising our own bank?
KiwiBank should step into the places the big banks have closed branches at.
KiwiBank should be interwoven into the spine of our communities and be the official bank of the Government.
Winston Peters sees political gold in economic nationalism
While I detest Winston on almost every front, his announcement yesterday to buy back BNZ and join it with Kiwibank to allow it to become what Kiwibank needs to be is a bold policy that Labour seems incapable of having the courage to make…
NZ First will campaign on buying back the BNZ bank
Winston Peters has announced New Zealand First will campaign on buying back the BNZ bank and making KiwiSaver enrolment compulsory at birth.
The NZ First leader’s appearance at Trusts Arena in West Auckland today comes as he surges in the polls and closes in on National leader Christopher Luxon in the preferred Prime Minister ranking, months out from November’s election.
NZME
Winston has maxed out the right-wing vote, the conspiracy vote and the anti-vax vote and now needs to take some left-wing vote by promising to nationalise assets.
Which politician does nation building?
https://youtube.com/shorts/LWQadgax85I
NO, we must NOT privatize Kiwi Bank and need to bring BNZ back into NZ to keep our profits here. Does this CoC have any brains at all? How come Luxon can’t grasp the fundamentals of this? He’s so enarmoured with Trump he can only see what will personally benefit him. In the meantime our profits/taxes go to dirty mining, tobacco industry, landlords, pop concerts etc. mostly funded by the needy while the ‘greedy top feeders’ continue to suck the life out of NZ. Wake up you stupid, self-entitled RW enablers, we are already at crisis point. And Winston don’t promise if you can’t deliver – we’ve had enough of this BS since this CoC took over.
Typical Luxon, ‘foot in mouth’ again! On RNZ site today 8:17am “NZF plan to buy BNZ back – ‘headline grabbing’ rather than serious policy” – an outlandish proposal an economist says! Meanwhile PM Luxon says – “it sounds more like a Labour/Greens policy”. FYI Luxon, BNZ was sold by the Bolger National Govt. in 1992. Luxon still has to learn to put his brain into gear before his loose mouth!
Oh for… Fuck the bnz. Let the dodgy aussies keep the now their disease. We don’t need it. And while we’re at it, deport WP, the useless wrinkled wheeze to AU. That’ll learn ’em.
As for ‘labour’. OMG. Must I…? ‘ Labour’ isn’t that. And you know that. Labour, is the husk left after roger douglas gutted it while winston ran defence.
I can see what’s happening. The above farce is to normalise the abnormalities of rogers neoliberal privatisations and now that there’s nothing left after the riot at the garage sale that was our assets and our banking the crooks and crims are looking for ways to launder their filthy Y fronts. What a bizarre debacle.
If we buy it back, or nationalise it, it should then continue as a state owned bank.
“KiwiBank should be the Government bank, move the contract from Westpac, fuck the Australians.”
Both Labours Cullen and Robertson could have made this happen. What is Edmond’s view?
And the Aus banks are in turn owned by american banks.