A piece of old news that mainstream is highlighting again without pointing to the obvious instigators of the whole thing pre labour, the sale by nats of thousands of state homes. Not rocket science really is it? Still, the property developers had a field day & laughed all the way to the banks owned by their buddies. Key’s managing one now I believe and NZ’s debt he racked up, well that appears to have benefited him as well. Under neo lib economics the poor can just eat cake as far as they are concerned.
Using data from the Organisation for Economic Co-operation and Development (OECD), a Yale study has compared the statistics to those from other developed nations, which put New Zealand on top of the list on a per-capita basis – although the researchers note significant comparability issues thanks to the differing ways each country measures homelessness.
Is John Key benefiting from NZ debt? Does water flow downhill? Do birds fly? Do corporate flunkies lie? Yesterday NZReport had a link to an article with this headline, I saved it to cite it today in an article … and overnight it’s disappeared. No sign of it anywhere. Our corporate whore media has backtracked again.
Nevertheless, I posted info some months back on the topic so it bears repeating, to remind folks just how corrupt their beloved PM & his Nat party are. They are systematically destroying the last vestiges of sovereignty, independence and prosperity we have, or should that be ‘had’? And don’t forget the recent lost $200 million debacle and the collapsed Portuguese bank … the ‘fail safe’ investment of Kiwisaver funds!
(The now defunct link http://nzreport.co.nz/video-is-john-key-inside-trading-with-new-zealands-debt/) EnvirowatchRangitikei
A few posts back we had a video of John Key speaking briefly on his Bank of America shares. Here is the extended version of that video in which we see public watchdog Penny Bright of Auckland questioning the Prime Minister in 2011 following a no response from her Official Information request. Speaking to a Grey Power public meeting in Papatoetoe in 2011 the Prime Minister had just explained that NZers (mums and dads, businesses, farms etc., not the NZ government/corporation) were in debt and 85 percent of that debt is owed to foreigners. He adds that no OECD country borrows a big percentage of their money from foreigners. Penny then asked him specifically to tell her exactly to whom NZ has become indebted since National came to power in 2008. Especially she asked, whether or not NZ has become indebted to the Bank of America or any institutions in connection with that bank. His body language clearly conveys that he has clearly been caught on the hop by these very pointed questions, especially given he hadn’t answered her OI request. Do watch the clip, it’s quite short and very enlightening!
Further we have an article here by Rolling Stone, “Bank of America: Too Crooked to Fail” cited by Evelyn Gilbert of NZ’s aotearoaawiderperspective blog. Some very pertinent facts there about the Bank.
“The problem most people have in judging John Key and his role here in New Zealand and why he is doing what he is doing leaves a lot of people, even those who vote National, bewildered and confused and angry is that they don’t know about the way money is created, how he gained his wealth and what he has to do to keep it so I thought I’d give a couple of examples.
Here is number 1: John Key has most of his paper wealth in Bank of America which is by insiders considered the most corrupt banking entity in the world and that alone gives him a huge conflict of interest!
And this is what Matt Taibbi from Rolling Stone Magazine has to say about the Bank:
At least Bank of America got its name right. The ultimate Too Big to Fail bank really is America, a hypergluttonous ward of the state whose limitless fraud and criminal conspiracies we’ll all be paying for until the end of time. Did you hear about the plot to rig global interest rates? The $137 million fine for bilking needy schools and cities? The ingenious plan to suck multiple fees out of the unemployment checks of jobless workers? Take your eyes off them for 10 seconds and guaranteed, they’ll be into some shit again: This bank is like the world’s worst-behaved teenager, taking your car and running over kittens and fire hydrants on the way to Vegas for the weekend, maxing out your credit cards in the three days you spend at your aunt’s funeral…”