Tag Archives: half trillion dollars

The Nats have Sold Out NZ with a half-trillion-dollar debt

Thanks Key, you have us right exactly (in my opinion) where  you wanted us. For starters we figure you’re profiting from this debt. For seconds we are now ripe for New World Order one world government given the borrower is slave to the lender. Forty two thousand beleaguered people without a roof over their heads. Children in poverty & our teens committing suicide. Beats me how you all have the gall to display on your election ads… “a strong economy delivering for NZers” … what? …”one of the fastest growing economies in the developed world…?”
They are choosing not to notice of course the aforementioned child poverty, homelessness & teen suicide. Stats to be proud of? These people are delusional and think we are all mentally impaired. Key, the smiling assassin, has been replaced with a slightly friendlier looking version of himself, and second in charge, a woman who’s allegedly committed welfare fraud.  (Which you’ll likely never find out about now from the rumour I heard recently). They’re sailing on like nothing’s happened in spite of an eye witness, and meanwhile Metiria’s been dealt to for her comparatively minor misdemeanors. They are dismantling our sovereignty brick by brick. Wake up peoples. (The meme below is from the video showing you the various world leaders on the end game of their so called new world order).  Tie that in with the Agenda 21/2130 plans and it all fits very nicely. Same people. Their other Trojan horse into our respective sovereign nations aside from crippling debt, is the local district councils (sustainable development aka trash everything) which note are all also in obscene debt. My district $68-100 million. ‘No worries’ they tell us, the future generations are able to share in paying for everything.
EnvirowatchRangitikei
Copy of new w order from presidents.png
So read on about our humongous debt. 
New Zealand now owes almost half a trillion dollars in debt – and a growing chunk of it belongs to ordinary households, mainly borrowing to buy property. In the start of a week-long series Tamsyn Parker spells out the problem.

New Zealand is sitting on a half-a-trillion-dollar debt bomb and Kiwis are increasingly treating their houses like cash machines, piling on the debt as they watch the value of their properties soar.

Reserve Bank figures show household debt, excluding investment property, has risen 23 per cent in the past five years to $163.4 billion. Incomes have risen only 11.5 per cent.

Households are now carrying a debt level that is equivalent to 162 per cent of their annual disposable income – higher than the level reached before the global financial crisis.

READ MORE:
Experts fear downside of debt
NZ homes among most indebted

Including property investment the total debt households owed as of April was $232.9 billion, according to the Reserve Bank.

Satish Ranchhod, a senior economist at Westpac Bank, says the main driver has been low interest rates.

“Continued low interest rates have sparked a sharp increase in household borrowing at a time when income growth has been very modest.”

And it’s housing loans where the growth has mainly come from.

Housing loan debt has risen 23.4 per cent to $132.83 billion. Student loans were up 22.9 per cent to $14.84 billion and consumer loans are up 16.6 per cent to $15.7 billion.

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http://www.nzherald.co.nz/personal-finance/news/article.cfm?c_id=12&objectid=11651648