The Daily Blog Open Mic – Tuesday – 3rd May 2016

4 Comments

1. Puerto Rico has been called the next Detroit and the next Greece with $70 Billion in Government debt.

   It’s buried in debt and possibly teetering on the edge of bankruptcy by hedge fund sharks so are we next?

   Puerto Rico has; A $70 Billion debt with 3.5 million people.

   And in NZ we have four million with a $97 Billion Dollar Government (Crown) debt.

   This is about equal amount of population to Puerto Rico so we are being set up by Government to crash like they and Greece have.

   http://money.cnn.com/2013/10/31/investing/puerto-rico-hedge-funds/index.html

   But that isn’t scaring away hedge funds. So-called vulture investors that buy the bonds of troubled companies (and municipalities) have been scrambling to purchase as much of Puerto Rico’s roughly $70 billion in outstanding debt as possible over the past several months. Their interest comes following a huge plunge in Puerto Rico’s bond prices over the summer.

   “There’s so much Puerto Rican debt out there. When the prices became really low, the situation suddenly became interesting,” said a manager at a distressed hedge fund who declined to be named.

   The price of Puerto Rico’s debt plummeted nearly 40% in just a few months. That pushed interest rates on Puerto Rico bonds up to nearly 10% from 5%. (Bond prices and rates move in opposite directions.)

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2. Thumbs up words.

   Reply

3. Key promises a strong budget

   Prime Minister John Key is signalling an ongoing enthusiasm for the job and is promising a strong government budget this month.

   He’s been leader of the National Party for ten years and prime minister of the country for eight.

   “I am just as excited about the year ahead as I have ever been,” he said in a speech to National’s central North Island regional conference in Waikato.

   The next step is setting out the government’s future plans in the budget on May 26.

   “My friend Bill English has delivered eight good, responsible budgets and this one will be no different,” Mr Key says.

   “It will be a strong budget that has at its heart a focus on the economy, with initiatives to help ensure New Zealand achieves a strong level of growth for the years ahead,” he said.

   The budget will “highlight that we are on track to achieve the government’s goals of a balanced budget and paying down debt”, he said.

   Alongside a strong focus on the economy, the budget will also ensure the government is meeting the needs of families in key areas like health and education.

   “That has always been our priority. And the economic and social sides of our agenda are closely linked.”

   https://nz.news.yahoo.com/top-stories/a/31484261/key-promises-a-strong-budget/

   Quote and joke of the day, but it won’t make you laugh, it will just make you angry. Everything tired and well past his use by date bullshitter John key said in the above article is a bold faced, big fat lie, even calling Bill English a friend is a lie, as on a number of occasions, when John and Bill have contradicted each other, it was made crystal clear that they don’t talk, besides John key shafts his business associates for political expediency, and wouldn’t have any real friends anyway.

   “the economic and social sides of our agenda are closely linked.” of course they are, as John’s “our agenda” has never been about making NZ a better place for all, its all about shafting and selling us out so tax evaders John key and his filthy rich associates and cohorts in crime here and offshore get more wealthy and powerful.

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   1. Yep he fiddles with money bullshitting us that we are doing good but he is another plotter as a carpetbagger under Goldman Sachs and we are headed the same way as Greece went by courtesy of Bilderberg’s own global plan seen here.

      http://www.sourcewatch.org/index.php?title=Bilderberg

      No Bilderberg meeting agenda has ever been made public. “It is the epitome of low-profile dark ops, a shadow government hidden in a doorway.” According to critics and close observers, it’s agenda is to weaken all world leadership but their own. It is also, according to a U.S. law called the Logan Act, [15] illegal

      Reply