‘A representative of the Iwi Chairs Forum said this morning that iwi should have state houses transferred to them for free.
..He said social housing was part of “post-modern capitalism” and he had concerns that if the market crashed and the value of houses went down, iwi would make a “significant loss”.
“Our starting point is they have no value,” he said, as there would be an ongoing obligation to support the families who lived in them…’
What “support” do Iwi give to maori families? What support those families get comes from the Kiwi taxpayer. Iwi have received hundreds of millions of dollars in assets and cash courtesy of the NZ taxpayer, yet they have to my knowledge built no housing for low-income maori families out of that largesse.
Given the maori record of nepotism and outright theft I doubt they ever will. This is merely a grab for more – as it always is – dressed up as some kind of social work.
Leftists/”progressives”/socialists are not welcome here. Pay for your own soapbox.
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John Key has NZ on its knees to part-maoris. Every day now the government-enforced apartheid gets worse. If Key gives in to them on this it will just another example of his crawling to them and his appeasement of them.
He’ll give in, Barry. He wants their votes.
Yes, it seems he’ll do anything to get the maori party votes. I think he’s got no integrity.
He’s an opportunistic slimeball. And all Kiwis are paying the price for that.
I agree! He’s a scumbag and he even likes fiddling with little girls’ ponytails!
Yeah, that’s kinda creepy. Is he some sort of crypto Humbert Humbert?
It’s the creepy smirk that gets me.
If he had integrity, he wouldn’t be a multi millionaire on the back of people’s losses. He is creepy to the end, has not moral compass and I loathe his slimy smile as well. Worst PM in our history, absolute worst. Has done so much damage and has no conscience whatsoever. Makes me sick that the population seem so obssessed with him. Rockstar Key, not.
Hold on: Your description of Key may well be justified in some respects but please explain how he became a multi-millionaire “on the back of people’s losses?” You’d need to be an envy ridden socialist to genuinely subscribe to this absurd non-thought. The money markets like all markets are leaden with regulation but you imply that Key somehow ducked beneath these regulations. Your statement is truly of the socialist envy ilk and foreign in all respects to this blog. FFS!
I’ll be interested in the reply, too.
Did you know that Key caused Ireland to go broke back in the eighties. Also, he used insider trading, he worked for the corrput Merryl Lynch, he broke rules. Just because he managed to go under the radar doesn’t make it right. I mean, just look at his ‘look at me ‘ mansion in Parnell and the pony tail saga. He thinks he is untouchable. I am not envious of him, I just think he is a show off and a wanna be celebrity, and he used politics as his platform (possibly as he doesn’t bare his arse as art and can’t sing…?).
I agree,I don’t know much about Key,but I do know that politicians the western world over are far too cozy with the financial sector and regulatory agencies.These are the people who make and dictate regulatory law,so is it any wonder they have their fingers in everything?Just as an example in the US insider trading is illegal,unless you’re a member of congress.
http://www.npr.org/sections/itsallpolitics/2013/04/16/177496734/how-congress-quietly-overhauled-its-insider-trading-law
So the people who write the laws are in perfect position to profit from those laws-nah,no way is that corrupt.
I also agree with Ayn Rand in her belief that government should be completely divorced from the economy and finance.
Singlehandedly?
In the 2005 election campaign, National would have on the left side Iwi, and that would be inside of a red box. Then it would say kiwi, on right, in a blue box. What this was saying is more money to the Iwi if you vote labour. Or you can build up kiwis by voting national. But it looks like National isn’t going to be a strong leader on this one. They just might give in easily.
They’ve given in to maori on everything else, Warren.
Yes KG, they have they want to keep the Maori party happy, so they change working for families from 3 children to 6 children. The Maori wanted that, as they have big families, and not big incomes. Yet at the same time, they push this climate change. Wait a minute, if climate change is real we shouldn’t be growing the population, as that will affect the environment more. I’m not saying everybody should have less children. But I am saying they are hypocrites who’ve contradicted themselves to keep these lobbyists happy.
That also encourages muslims to have six kids each as well – I believe the average in Britain is five per muslim woman.
I think three is a good cut off. Three if you’re giving your best are exhausting. I don’t know how my mother handled five. Three also more than ensures population replacement and funding superannuation but if concerned about the carrying capacity of the earth two should be the limit. India’s government officials have the byline – you have two – that will do. China instigated one because they knew they could not feed their population.
If you want more then you will need to fund this yourself.
I think the correct number of children for a couple to have, is the number of children they can provide for. That might be 0, it might be 1, or 3, or 12.
The problems start when those who choose to have fewer are forced to subsidise those who choose to have more. This, in essence, is the evil of the welfare state.
Gantt, I’m not saying that anyone should be sudsidising someone else for their children. What I’m saying is that when it was 3 children max for working for families this is what we were doing. Now its 6, I’m simply pointing out that they’ve made a problem into a bigger problem.
No argument there. WFF was never about “assistance” for working families – it was always about middle-class welfare. It would have been much more cost-effective and far more efficient to reduce income tax rates, but as Stuart Nash (the architect of the programme and grandson of “Christian Socialist” Prime Minister Walter Nash) said at the time, it is the “most effective wealth redistribution scheme in New Zealand’s history”.
Scum bag. Mendacious, Fabian socialist, communist, sack of excrement scumbag.
Not a fan, then?
If the houses are handed over then no grants from the government to fix up the houses which I think would be the next chess move because the stock in all likelihood would be for a select group that has been funded from everyone’s taxes but would not be available to all citizens.
Good comment Lara on Key being a millionaire on the back of other people’s losses. For a small pool of millionaires there has to be a large pool of losers and I bet he’s never broken a sweat in his life, he only knows how to destroy.
There is only one area where I back him and that’s for calling him out islam as a death cult which not even obummer will do.
Otherwise I just see him as a sneaky teenager who’s been holed up in a closet for way too long with a bunch of whack magazines.
“There is only one area where I back him and that’s for calling him out islam as a death cult which not even obummer will do.”
He didn’t. He was referring specifically to ISIS. If he genuinely believed iSlam to be a death cult, he’d do something about the ridiculous immigration policy operating in this country.
Sorry, but I can’t believe some of the comments on this thread. I’ve no love for John Key, or the 21st century National Party – in fact I agree with the comment he’s the worst Prime Minister in our history – but on our side language matters, and accuracy matters. Our enemy throws excrement against the wall hoping some will stick. Our enemy uses the language of generalisation, epithet and obfuscation. We must be accurate, and we must be detailed.
Lara or GP, can either of you please explain – in detail – how John Key became rich “on the back of other people’s losses”? He rose through the ranks at Merrill Lynch to become Head of Global Foreign Exchange, and while I accept Merrill Lynch and their ilk are crony capitalists (fascists) of the first order and you can’t get to be a senior executive there by being a nice guy, I don’t know how that equates to him enriching himself in the way you’ve described. He’s no George Soros (as far as I know), using his money to fund the violence and social collapse we see around us.
Lara, can you please explain – in detail – how he “caused Ireland to go broke back in the eighties”? According to his Wikipedia page, he graduated in 1981, then was an auditor for a nobody firm call McCulloch Menzies, then a Project Manager at Lane Walker Rudkin, then a forex dealer at Elders Finance, then joined Banker’s Trust in 1988. He didn’t move to Merrill until 1995.
GP, can you please explain your comment that “For a small pool of millionaires there has to be a large pool of losers”? That smacks of the type of socialist claptrap we constantly rail against here at Crusader Rabbit. It’s exactly the type of language the envy-addled wealth-redistributionists use. Again, there are some who become wealthy through fascism or crony capitalism, but to generalise in the way you did indicates you disagree that the free-market capitalism is the most ingenious wealth-creation model in the history of man.
I am with you on this Gantt. The suggestion that Key caused the fiscal collapse of Ireland is the worst instance of paranoid envy I have witnessed on this blog. This blog is headed in part by a notice that socialists are unwelcome. What is worse than a socialist? Answer: An envy ridden conspiracy theorist socialist!
Well, you must admit, Cad that there have been very, very few instances of paranoid envy around here.
I happily do just that!
To my mind, it’s quite simple. Has he been if not the worst, then in the final 3, Prime Minister in the history of our little Socialist Island Paradise? Yes, of course he has. And even if not the worst, then at a minimum, the most disappointing.
But that doesn’t mean we need to lurch into a bout of Key Derangement Syndrome. His performance has been sufficiently spectacularly poor without putting him into the Soros category of evil genius. He might be evil, but he’s for damned sure no genius!
I don’t regard him as either “evil” or a “genius.” I think he is a pragmatist of the first order. To occupy that space requires a total lack of foundational principles. The other dimension to his continued popularity (and he is popular) comes down to the poser: What else is on offer? Winston? Andy Little? I am genuinely surprised by the weekend comments about him particularly that he somehow authored the demise of Ireland! The Irish did that extremely well without encouragement from outside.
‘For a small pool of millionaires there has to be a large pool of losers’
A mere comment on numbers – it’s impossible for everyone to be a millionaire unless inflation really ramps up.
First off I believe I’m a nationalist first as a citizen of this country and make no apologies for that. A strong foundation for a nation state I believe means that most other things will flow from that foundation like economy, jobs etc. That is why I’m so concerned with immigration particularly from the moon worshipping death cult. Winston has been maligned for his concern and I don’t particularly favour him.
Key’s currency speculation against the NZ dollar – yeah I have a problem with that and then he just waltzes in like he’s the messiah. He is a buffoon and really fancies he chances with women and the way some women fawn over him makes me want to dry retch. As a woman the only thing I’d want to do upon meeting him is throw myself under a bus as you could imagine him wanting to cop a feel – gaaa!
‘It’s exactly the type of language the envy-addled wealth-redistributionists use.’
And I’m generalising?
I have no problem with people being wealthy and remember a very straight-jacketed economy. As with anything, processes can go too far and then you get revolutions, do we want 1789 replayed? The poor if too poor will revolt and the middle-class (mortgage belt) and the rich will have their throats slit – if nothing else naked self-preservation would factor into people’s calculations.
There needs to be a fundamental change in NZ society but this will take time. Queen Victoria raised the status of the royal family after previous royals taking pride in their depravity but this took a couple of generations.
If you have grown up in a gang family, or intergenerational welfare family that has a firmly entrenched culture, by the time you’re a teenager to overcome that may appear insurmountable to an individual as education probably isn’t valued, or may be seen as being snobby or la-di-dah. I see education as inculcating pride and the drive to be self-reliant, so the next question for me is how is this achieved?
It may be that expense will have to be incurred to educate people because I can’t see another way of inculcating self-reliance and this may have to be once they’re older and away from of the immediate influence of their families. There are now a number of free introductory courses for people which give them a taste of what a particular employment path is like and at the same time promotes punctuality, regular attendance and the knowledge and pride in gaining skills but this can be hampered by the lack of a good general education. My brother is one of the movers and shakers in one of the trades “guilds” and says it’s almost like they have to go back to the drawing board with many applicants because although willing and able are not up to snuff for some of the most basic literacy/numeracy tasks.
My new boss did not have a great childhood because of an alcoholic parent/debt collectors etc but by dint of talent and some help from relatives when older became a forensic accountant – but the crucial thing here is there was some form of a support system, if you don’t have that kind of family you’re hard up.
And sometimes things are beyond ordinary people’s control like the Great Depression. I read a weighty tome called “Britain’s Lost Decade” or something like that which examined everything for that decade: politics/economy/social/medical/scienctific/cultural and the people wanted to work but there was no work available. Americans have had their pension plans hollowed out by the GFC and have very little to retire on as Social Security has been cut as well – quite beyond their control.
To anyone I would say in the words of a commentator I heard once “get out of debt, get out of debt, get out of debt” and hold a cache of cash/metals if you can to always be independent. This is becoming increasingly difficult even for people who are not spenders.
That’s an awful lot of words to avoid answering my very simple questions.
You did ask.
I get that you’re a capitalist through and through but I don’t believe most people could live with the strength of such zeal.
If purists are consistent on the right then they must never claim WFF or anything else but given human nature most people will accept such assistance with alacrity.
Precisely why government should only ever be small, poor and constrained to core competency. See my comments below on WFF.
Gantt guy, I’m not GP or Lara. But what I’ve figured out on my own, just might be a little bit of help. John Key is a currency speculator, and he also has plenty of money to lend. And currency speculators if they get together, can temporarily have an effect on the exchange rate, if that’s what they want to do.
Penny Bright (no I’m not her lover or friend, hee hee hee) asked a question in a public meeting, with the implications that he has money with the Bank of America, which lends to New Zealand. Now even Bill English said that NZ owed only $10 billion ten years ago. So from 1992 till 2007, we had 15 years of surpluses, except for one or two years, both under a National and Labour government. If we had continued to have surpluses, our debt would be 0.
Instead the gross national debt is $90+ billion. Although the net debt is like $60 billion, because the government has money in ACC, which is a crown corporation. So what I guess I’m trying to say is when you have money, and you go into politics you can make a profit. And this is what your friend (sarcastic) Muldoon did. According to Barry Smith, he was one of the 7 governors of the world bank, and almost all of Smith’s predictions have come true.
Anyhow, this doesn’t completely explain what GP and Lara, are saying, but it will give you some sort of idea. Finally, because the topic has come up before. Before you bite my head off (figuratively speaking), those surpluses were OBERAC surpluses. When we had a cash surplus of $2 billion, the OBERAC surplus was $8 billion. OBERAC means that the assets have gone up by another $6 billion, as inflation makes the paper money value go up. My silver has gone up by $2 an ounce, because of inflation. So for arguement sake if someone says that we had 10 years of deficits under labour, its possible to have an OBERAC surplus, and a cash deficit at the same time.
Anyhow, back to the debate, GP and Lara its your turn. Finally I have a twisted sense of humour.
Thanks for that information Warren. I do not have the depth of your knowledge but read as much as I can and though I don’t have a handle on the nitty-gritty like others but can see some of the effects which I think will concern the average man in the street.
I’m surprised Wall Street has not collapsed in spite of all the bail-outs.
Thanks GP, yes you do see the overall big picture. One of the things that most people are not picking up, is our education is now more training, then education. You train a cat, to do things a certain way. You educate a human, to think for itself, and apply good principles to every situation. So with what your talking about with training, this is exactly what is going on, not an educated sociey, a trained society.
Now, in regards to bail-outs on Wall Street, this is exactly why in Paul Volcker’s own words, was the first purpose of the federal reserve being set-up. To bail out the big banks. When it was a small bank, the FDIC, would help the depositors out, and let the bank sink. But if it was a big bank, they just give the bank what they need to keep on going, all at the taxpayers expense.
Now, of course some people don’t like that very much. So now they’ve created “overnight banking resolution”, which means if your bank doesn’t have a certain amount of deposits on hand, they can now take money straight out of your deposits. So that’s how they’ve handled people saying bail-outs help the rich only. If you think I’m joking just type in ‘Reserve Bank of NZ’, and then type in OBR in search, and it will tell you, that they now can do that.
So as long as their are bail-outs the Wall Street banks will continue to go.
As a veteran Forex and Commodities trader ( 30 years +) and the owner of a Futures Broking Company I think that I may know more than most about the business Key was involved in.
I have no inclination to get involved in a detailed discussion on the workings of the financial markets, save to say that Lara, GP. and Warren, think before you make comments that are clearly a load of hot air.
Hot air you say:
http://www.thevinnyeastwoodshow.com/vinny-mr-news-eastwoods-blog/john-keys-real-past-exposed-must-see-please-share-6mins
Or maybe you’d like to look at the global debt clock. See how NZ’s debt has escalated since Key took office. At least the economist global debt clock agrees that our debt has escalated since key took office.
https://www.google.co.nz/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CBwQFjAA&url=http%3A%2F%2Fwww.economist.com%2Fcontent%2Fglobal_debt_clock&ei=Mz9sVa_bKKXZmAWDioHgAg&usg=AFQjCNHvjMNpSf6HW8EbYs89UGDbK5Plpg&sig2=Z-sjhZALcvoneC-BXowKsg
Finally, if people understood how true free trade works, they would see what is distorting it. Under true free trade. If you import more than you export, you lose your gold. This drop in gold means your wages and prices go down. So your goods are cheaper. So your exports are cheaper, which means you now sell more, your exports go up, you have a trade surplus, you get your gold back. Wages and prices go back up, making your exports more expensive. When we used gold as money, any trade deficit would be easily corrected. But that’s not happening with the system we have currently. Our system is based on a fiat money system. And that means if you lend $1 billion, even if that money is created out of nothing, that affects the nation you lent to, that affects their exchange rate, so they import more than they export by $1 billion. Over the last 50 years, NZ has had a trade deficit (when services are included).
So when people say, this exchange system is free market. Its not, the 5th plank of the communist manifesto calls for a central bank. And ever since America has gone off the gold exchange standard, it has caused instability. When currency was quoted in gold equivalents, it was straight forward. A pound was redeemable for a pound of silver. $35 dollars guaranteed you an ounce of gold. So all a trader needed to do is look at how much silver is required to buy an ounce of gold, and that’s all their was to it.
So, what exactly have I got wrong. Your talking to someone who has a very, very sharp understanding of economics. Gantt might be sharp in understanding Friedman and Sowell, well I’m sharp when it comes to the many schools of thought their are. So again, what have I got wrong? And what I mean by true free trade was David Hume’s arguement of how free trade was self correcting. And when America didn’t have a central bank, a tax on goods, and a property tax were enough, to provide a surplus in almost each and every year. But after the central bank gained power they went from a $1 billion debt to what they have now.
Yes, fiat has skewed everything and then there’s the financial legerdemains with the CDS, CDOS and naked short selling.
I used to watch a lot Max Keiser and he would explain these terms and he knows all the shonkery that goes on and how you have to bribe the managers on Wall Street if you’re a trader; but he can be a bit exhausting so I only check in every so often.
Rand Paul predicts currency crisis, collapse of the US economy, people being forced to buy useless government bonds and personal liberty will be gone.
https://www.youtube.com/watch?v=vgYSn0ip5hY
That’s the funniest thing I’ve seen in a long time, Warren, thank you for the laugh. You mention “hot air” then post a link to Vinny Eastwood. Hilarious. What’s next, Alex Jones?
Oh wait … you weren’t kidding?
If it makes you feel better, yes I do know all the complications of FOREX, but that’s exactly my point, if gold or silver is used as an anchor, we don’t have these complications.
But still, I’m not speaking hot air. I was around when we had surpluses for the best part of 1992, till 2007. I even have an article in my economics correspondence school course saying our debt was 80% of GDP in 1992. Its not quite 80% at the moment, and we’ve had years of deficits since 2008, therefore we must have had big surpluses from 1992 till 2007. Again the global debt clock will tell the story of our deficits from 2008.