Which also explains why only 2.5 to 3% of NZ dollars / money are in physical form,,, approx 9 Billion ,,, the rest, around 450 Billion is noughts and ones stored on and shuffled around our banks and financial institutes computers,,,, this bank created money is less real than bitcoin.

But who do the banks lend it to and where do those people invest it or spend it on??? ,,,,, they lend it to people with money / collateral ,,, and they predominantly invest in / buy property …

Which also explains why homes are unaffordable to a large sector of our young and working population. ….

Look at the figures ,,,,,according to Treasury figures in the year 2000 the total value of NZ’s housing stock was $229 Billion ,,,

In 2022 that figure was 1 Trillion 723 Billion and 371 million dollars …..

This is a fucked method of money creation and economics ,,, High rents and large mortages costs suck money out of the general economy and into the pockets of the few ,,,bankers and landlords

And its also part of the reason why China pisses all over us and other western neo-lib economy’s when it comes to growth and actually improving their citizens standards of living…..

“China made money creation a public utility – an arm of the Treasury; it created money to finance tangible investments in capital formation, factories, housing – a little too much – huge public infrastructure, urban transportation, high-speed rail.”

The best way to rob a country is to own a bank.

“Is their governance so incompetent they never understood the law and the consequences of breaking those laws”

No, they just know who to give their instructions to

If a bank actually did become insolvent then that is the opportunity for a Labour government to nationalise said bank. Just like it had to renationalise the railways and air new zealand.