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  1. It is just further evidence that politics has degenerated into a puppet show, and no one in their right mind should take seriously anything the self-serving liars and saboteurs say.

  2. national debt paid down, and posting eight surpluses in a row.

    Which was achieved by encouraging a blowout in private debt. And then there’s this:

    The mirror image from the graph clearly illustrates how the government deficit is reflected into a private sector surplus. If the government is spending more than it is taxing, it is stimulating the economy, not taking away from it.

    The opposite is also true. When a government is taxing more than it is spending then it’s causing the economy to restrict. We’ve been lied to for so long we actually view a government surplus as a positive when in reality it’s a negative.

    Of course, our monetary system is all wrong anyway. The government should be creating all the money in the economy. It’s spending then becomes the basis for the economy and, under such sovereign money, the economy can never go into recession. Even banks collapsing and people losing money through their risk taking is of no concern.

    The government spending would be made up of:
    1. A UBI
    2. Resource extraction industry
    3. Developing and maintaining infrastructure such as water, roads, telecommunications, power, education, R&D, and health. These are just examples and there’s probably some I missed.

    Under such a sovereign monetary system the governments deficit would be people’s savings and businesses profit.

    1. Just a minute!

      Are we talking about the difference between the amount of money the government collects via taxes and the amount it spends?

      Or are we talking about balance of payments, which is what the nation acquires via trade and tourism etc. compared to what it spends overseas?

      And where do mortgages funded by overseas borrowing fit into the picture? What happens if property values increase faster that overseas borrowing. And what happens if house prices fall substantially but the loans and interest remain payable?

      Is it not all a game of smoke and mirrors? Isn’t there ‘hot money’ sloshing about all over the place, most of it unrecorded?

      We do know for certain that any narrative based on GDP is utter nonsense because GDP is utter nonsense and records numerous negative activities as positive.

      And we do know for certain that current economic arrangements have no future because they are predicated on converting fossil fuels into carbon dioxide. The greater the destruction the higher the GDP.

      For what it’s worth, this site, based on Treasury data, indicates that NZ national debt is over $110 billion, and is climbing by about $170 per second.

      http://www.nationaldebtclocks.org/debtclock/newzealand

  3. Yep, DRACO T BASTARD,

    This junta has spent more public money of ours through SS Joyce’s MBIE, which is a phoney Propaganda agency, set up and actively engaged in black opp’s activities, intelligence gathering, phoney studies, and attempted selling NatZ birdbrained schemes.

    1/ a corporate flag referendum,
    2/ attempted selling a dead rat toxic trade agreement called TTPA to the world and us,
    3/ Fracking,
    4/ oil drilling,
    5/GMO production,
    6/killing off regional rail,
    7/bribing Saudi dessert farmers.
    8/tax shelter industry promotions.
    9/subsidising aluminium smelter.
    10/promoting cycling instead of public transport.
    11/The selling of NZ as an easy place for others (students/tourists) to come here to make a buck.

    And as you suggested, a raft of other business profit driven Propaganda projects that it would make his idol Joseph Goebbels extremely proud today.

    This Government is an evil record of criminal enterprise no less.

    Good post Draco.

  4. “Never fear, Smith is here”

    Lost In (Urban) Space could be due for a reboot

    Warning, Warning…

  5. Just a few thoughts on bird poop.
    Supposedly about 400,000 Kiwis live off rain water capture ???, most tanks have at least a count of 100* whatits per thingie of E. coli, the health/food people insist on a rating of zero E. coli for restaurants etc. My doctor said anything under 100 was fine, The E. coli we all have in our tanks comes from bird crap on the roof.
    Nick Smith was the man responsible for our leaky homes, he and his department ignored the warnings coming in from Canada.
    *unless you have a Tank Vac, which sucks the E. coli food from the bottom of the tank

  6. Another stellar piece of real journalism there Frank Macskasy, your articles should be mainstream for everyone to read.

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