Comments on: GUEST BLOG: Chris Leitch – Govt should buy Westpac

By: Chris

Chris — Mon, 29 Mar 2021 09:05:45 +0000

In reply to saveNZ. We could easily do that. The government should have access to some of the $100 billion its bank (the Reserve Bank) is already creating, instead of borrowing from the private sector and building a mountain of debt that taxpayers need to pay off.

By: Kheala

Kheala — Mon, 29 Mar 2021 02:11:01 +0000

The fact that it is even on the table as an option, says that something is seriously, very very wrong with our psyche as a nation. Who are we? Who have we become? Does anyone even want autonomy for AO/NZ? (The public silence on this matter is deeply disturbing.)

By: Kheala

Kheala — Mon, 29 Mar 2021 02:05:03 +0000

Exactly!!

(“Wake up, people!!!!”)

By: BruceMoose

BruceMoose — Sun, 28 Mar 2021 16:25:54 +0000

Nothing should be owned by China in NZ anymore. They have forfeited the right for obvious reasons. That is how Australia is going now. The National Scurity threats are becoming increasingly bleak.

By: Sam

Sam — Sat, 27 Mar 2021 23:17:28 +0000

In reply to saveNZ. We do that during war time, not peace. I believe we need a war time economy. Summon Fortress Aotearoa.

By: Sam

Sam — Sat, 27 Mar 2021 23:14:49 +0000

In reply to mikesh.

Everyone talks as if most people are good at investing. Most people are shit at investing. That’s part of the point. Thats why they end up chasing their tails in property. Because they have failed to grow wealth elsewhere and are desperate. Then they lose.

The biggest problems commercial banks face (and there are many more) is that they don’t know the difference between Trading & Investing. They either mix the extremes together or do one or the other. They have no idea what’s in between.

By: mikesh

mikesh — Sat, 27 Mar 2021 22:59:51 +0000

They should buy Westpac, but in addition introduce legislation to the effect that only government owned banks can create money. This would deter foreign money, including renminbi, from coming into the country.

By: Kheala

Kheala — Sat, 27 Mar 2021 21:37:53 +0000

Absolutely agree with Chris Leitch, and go further – The wider population of AO/ NZ will never forgive them if they are so slow as to miss this opportunity.

By: saveNZ

saveNZ — Sat, 27 Mar 2021 20:25:24 +0000

Nope, can we please start spending taxes on hospitals and social good instead….

By: Andrew

Andrew — Sat, 27 Mar 2021 19:46:18 +0000

There’s a reason it’s being sold. Can you guess?

If you guess correctly, that’s your answer as to why the government should buy it