So youve finally come around to my style of punishment.

Some times you have to be ruthless in crushing corruption. Sends the bejezus up scheming little punks

The chap from Business NZ was on RNZ this morning pointing out the massive private debt held by New Zealanders. He said when interest rates start to rise, there will be a day of reckoning for those owing $160 billion in mortgage debts.

God help us then.

Yes Country boy is right,

This Benglish – bull is just robbing again from the poor to feed the 1% who own all our common wealth they have stolen from us!!!

All under the administration of this criminal enterprise government!!!

So we need to “hang em high” due to their treason against the people!!!!.

No offence but with a name like farmer guy you should know that small business owners like farmers are pretty good at paying of there debts and knuckling down in crises.

And when we talk about jailing bankers or the greedy ones that destroy capitalism. We are only talking about 200 New Zealanders that use different types of accounting. The Telly brothers use some shockingly old styles of capitalism that lowers there workers quality of life and manipulation of fishing quotas that destroy fish stocks and the environment.

People who financialise there profits and work force and socialise there external liabilities like that company that skived off on paying the full amount for thier ship the Rena that missed up the east coast. People like that are few and far between. So jail a few really won’t harm the economy, it will better it.

Two things.

1) As I have said many times before. If it can be proven that Argentinian or Venezuela government officials snort more Coke while running an economy than Wallstreet execs you may have a point.

2) If and when a correction happens it will force people to engage with the political process. And depoliticise important issues. Aucklands unitary plan comes out in a couple of weeks. After that there will be no excuses. It will be act or get out of the way for some one more capable to lead this country.

Key says all the time that he will bring spending forward. That’s how he can cut spending, and cut revenue at the same time.

So all we and our government is doing is deferring taxes onto future generations. And they’ll probably be more dopey than we are now and love the choices we made for them.

All these choices, fun eh *sarcasm

If its not mud they are in drought, maybe you have heard of tourism, Tait electronics & a host of other companies that export to the world. It has been talked about for years but the knowledge, smart production economy is still waiting to appear so primary production is still a major export. While it is good to earn more the main battle is sharing the income we get so all NZ’s get to prosper. I don’t know what the numbers are but a large amount of NZ money ends up in overseas investors pockets so ways need to be found to limit that.

The problem remains that borrowed money isn’t ever “free”, as much as we might want it to be. Look at Argentina. Look at Venezuela, a formerly rich country, where the poor are literally eating cats, dogs and pigeons.
http://www.usatoday.com/story/news/world/2016/05/18/venezuela-food-shortages-cause-some-hunt-dogs-cats-pigeons/84547888/
Once an economy starts to unravel (as NZ will when the Auckland housing bubble imo inevitably collapses), you want to be in a solid fiscal position so you son’t end up forcing abject poverty on your population. Being up to your eyeballs in public debt when the shit hits the fan surely isn’t a prudent strategy.

Fiscal conservative can also mean jail bankers.

So New Zealand can borrow about 600 billion if we wanted to. And people like Warren Buffet actually do borrow that much. So it is a ligitimate investment strategy. It’s just every one isn’t a Buffet with 80 years experience in investing billions.

Borrowing that much dosnt scare me. How we spend it does scare me. Keith has good ideas about how to spend.