Tag Archives: Wealth

Chris Hedges: The Issue Before Us is Death

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“The corporate forces that have commodified the natural world for profit have also commodified human beings. We are as expendable to global corporations as the Barrier Reef or the great sequoias. These corporations and ruling elites, which have orchestrated the largest transference of wealth upward in human history, with globe’s richest 1 percent owning half the world’s wealth, kneel, and force us to kneel, before the dictates of the global marketplace. They have seized control of our governments, extinguishing democracy, corrupting law and building alliances with neofascists and authoritarians as the ruling ideology of neoliberalism is exposed as a con. They have constructed pervasive and sophisticated systems of internal security, wholesale surveillance and militarized police, along with criminalizing poverty, to crush dissent.” — Chris Hedges, Confronting the Culture of Death

via Chris Hedges: The Issue Before Us is Death

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The people who “make our clothes, assemble our phones and grow our food” are being exploited to enrich corporations & the super wealthy (Oxfam)

More than $8 of every $10 of wealth created last year went to the richest 1%.

That’s according to a new report from Oxfam International, which estimates that the bottom 50% of the world’s population saw no increase in wealth.

Oxfam says the trend shows that the global economy is skewed in favor of the rich, rewarding wealth instead of work.

“The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system,” said Winnie Byanyima, executive director of Oxfam International.

http://money.cnn.com/2018/01/21/news/economy/davos-oxfam-inequality-wealth/index.html

New Zealand identified as pivotal in world’s rich hiding their money

From William McGregor

Key says his country is a footnote in the Panama Papers … REMEMBER – Key STARTED in the Banking Industry before he rose to power (& position) to create the “Haven” for the RICH to hide their wealth in SECRET hidden Trusts!
He boasted that he never drew a wage while he was Prime Minister; that he DONATED his pay to charity ….
What’s the odds that his wage went to the “J.Key’s Charity Fund”, one of the many HIDDEN Trusts that all rich people have access to?!
THINK! ……
If his wealth was 5 million back in 2008 (when he became Prime Minister), and it was at 55 million when he bailed out of Politics in 2016, and he wasn’t drawing a wage – WHERE THE HELL DID THE DOLLARS COME FROM?!
And he is taking over the reigns to the A.N.Z. Bank next year.

May you receive your “just reward” J.Key; you’ll NEVER be a “Knight” in my eyes ….
While your “thumb’s up”, hitch a ride out of Aotearoa; you’re no Kiwi!

 

from abc.net.au

Panama Papers: New Zealand identified as pivotal in world’s rich hiding their money

Posted

New Zealand is at the heart of a tangled web of shelf companies and trusts that are being used by wealthy individuals to channel funds around the world, according to a report based on leaks of the so-called Panama Papers.

A joint report by Radio New Zealand, TVNZ and investigative journalist Nicky Hager analysed more than 61,000 documents relating to NZ, part of the massive leak of offshore data from Mossack Fonseca, a Panama-based law firm.

The papers have shone spotlight on how the world’s rich take advantage of offshore tax regimes.

Mossack Fonseca ramped up its interest in using NZ as one of its new jurisdictions in 2013 by actively promoting it as a good place to do business due to its tax-free status, high levels of confidentiality and legal security.

The company’s main contact in NZ was allegedly Robert Thompson, co-founder and director of accountant firm Bentleys New Zealand, the registered office of Mossack Fonseca New Zealand, according to the report.

READ MORE

http://www.abc.net.au/news/2016-05-09/panama-papers-new-zealand-identified-as-pivotal-for-hiding-money/7396342

While Key Relaxes at his $5.6 million Luxury Pad in Hawaii, NZ is Being Sold Off to the Wealthy, 41K+ are Homeless and House Prices are Now ‘Severely Unaffordable’

Whilst as far as we know the man himself is currently sunbathing in Hawaii at his $5.6 million holiday home, back here by all accounts, folks from afar are buying up property like there’s no tomorrow in the hopes of escaping the ‘apocalypse’ that the spin doctors aka whore media are whipping up.

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Photo Credit: Wikipedia

Super-rich American “preppers” are buying up New Zealand land to escape to in case the US collapses or the poor rise up in revolt against them, The New Yorker reports…Foreigners bought over 3500 square kilometres of New Zealand in the first ten months of 2016, over four times as much as they did in the same period in 2010. Read more

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There are more than 40,000 people now homeless in NZ, a country that once prided itself in full employment and housing for all

41K+ Kiwis are Now Homeless

You only need scan Fascistbook for evidence of the spin. It gets more ridiculous by the hour and meanwhile, with NZ’s child poverty third worst in the developed world (UNICEF), more than 41K+ homeless Kiwis (2013 estimate) are sleeping in cars and garages. It’s to be hoped the new immigrants don’t have mental health issues.

Health Services are Strained to the Limit

In Christchurch recently a family removed their 51 year old relative from the Christchurch Mental Health Clinic because he was placed…

“in this room that has no windows, no air conditioning, crumbling ceilings and cracks in the walls. It would give anyone nightmares let alone someone having a psychotic episode.”

“The concerns with the clinic became public after an email from Associate Health Minister and Christchurch Central MP Nicky Wagner, which said the whole of Canterbury’s medical system was under stress while the city was rebuilt after the earthquakes”.

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Princess Margaret Mental Health Clinic Christchurch, severely deteriorated  Photo: Wikipedia

Further, “The Christchurch earthquakes have been linked to at least 40 suicides, a Herald investigation of coroners’ reports has found”. Read more

“While the city was rebuilt after the earthquakes?” Five years have gone by and under John Key’s watch little has been done. One woman said that…

She has been dealing with her insurer, IAG, for the past two years on reaching a settlement. “It’s just been a continual rigmarole. It’s been absolutely crazy. They’re still denying the extent of my damage. They bought a geo-tech in that completely denied the impact on my property. I mean, you can see the impact.”  Source

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A home in Christchurch destroyed by the 2011 earthquake … people are still waiting for insurance claims five years on    Photo: Wikipedia

I know of people still living in caravans who lost their homes. Meanwhile Christchurch City Council has built a multi million dollar complex for themselves and helped fund art works in the Avon River.

The Christchurch City Council spent $502,000 on the pair of figures, garnering criticism at a time when rates were rising. Read more

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Christchurch City Council has spent 502K on ‘much needed’ art works following the 2011 quake   Photo: Radio NZ

Of course everybody knows a decimated city grieving the death of 185 people needs art works more than it needs housing for the homeless don’t they?

Housing Severely Unaffordable

And on the topic of the homeless, we learn of another of Key’s ‘wonderful’ legacies. Auckland’s housing market is now fourth least affordable in the world, with prices at ten times the median income. Radio NZ reports that housing in many NZ cities is ‘severely unaffordable’.

 The annual Demographia survey, which compares prices to income in 404 cities, has ranked Auckland’s housing market the fourth least affordable in the world, the same as last year, with prices at 10 times the median income…

Hugh Pavletich, one of the report’s authors, said Auckland’s extreme house prices were a sign of failure, not success.

“It is actually a very serious situation. That’s double what a severely unaffordable market should be (5.1 or over). It’s a crisis situation in Auckland.”

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NZ houses are now severely ‘unaffordable’ … ‘if govt had been moderately competent it would have worked to keep prices reasonable’ Mr Pavletich            Photo: Radio NZ

“Mr Pavletich told Morning Report when National took office in 2008, house prices in Auckland were 6.4 times the median income.

He said if the government had been moderately competent, it would have worked to keep prices reasonable.

“And if they had actually gone on and actually done something, and actually quietly reduced prices over the last eight or nine years, our house prices would be about four times incomes now, and roughly about $330,000 for Auckland.”  

Mr Pavletich urged the government to free up land supply and called on Prime Minister Bill English directly to lead all the political parties towards a consensus on how to deal with Auckland’s high housing costs.” Read more

And then there’s child poverty.

NZ’s Child Poverty Third Worst in Developed World (UNICEF)

Does Key feel any shame when viewing this on the UNICEF website? Or has he even seen it? The world is discussing how to alleviate NZ children’s poverty, while NZ’s ex PM is holidaying in a $5.6 million luxury pad?

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Who Has Key Really Been Working For?

But really, are we surprized? Key who said pre election when garnering votes he would be working for NZ, has proven to have worked only for himself and his rich mates. Watch an exposé of his activities by the late Evelyn Gilbert (RIP Evelyn) interviewed by Vinny Eastwood at this link. (You can read more of Evelyn’s revelations on the banking industry at this link.)

Gareth Hughes from the Green Party reviewed Key’s accomplishments last year in Parliament. He summarizes them really well, worth the five minute listen.

And reflecting himself (?) on his proud legacy of homelessness, child poverty, pollution, asset sales, indebtedness and more, Key is sunbathing at his $5.6 million luxury pad in Hawaii. A severe case of ‘let them eat cake’. Not for one minute do I believe his timely departure had anything at all to do with Bronagh’s tiredness.

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Photo: Stuff.co.nz

From the wide, shady “lanai” deck of John Key’s $5.6 million Maui holiday home, the view of the Pacific Ocean and Wailea Beach is sweeping. Below is the gated community of Ho’olei, part of the Wailea Beach development on the southern side of Maui – 600ha of world-class resorts, 2000 condominiums and 500 private homes, three championship golf courses, a dozen world class restaurants, countless pools, several luxury spas and the 12-court Wailea Tennis Club. It is the playground of the super wealthy, mostly American business people who have a second, third or fourth home at Wailea.  Read more

Key’s Holiday Views Overlooking the Wailea Blue Golf Course, Hawaii

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Key’s holiday home overlooks the Wailea Golf Course in Hawaii    Photo: WaileaGolfClub

Key the Banker

Finally, watch Key’s gaze as Auckland anti-corruption activist Penny Bright calls him out on his banking activities and the very pertinent question, is he profiting personally from NZ’s very large debt? ..

See further videos exposing Key’s financial activities here.

LINKS:

http://www.radionz.co.nz/news/business/322858/housing-in-many-nz-cities-‘severely-unaffordable’

http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10550376

https://newzeelend.wordpress.com/tag/john-key-villa-in-hawaii/

http://aotearoaawiderperspective.com/2012/07/27/the-serious-fraud-squad-should-investigate-john-key-and-merrill-lynchs-involvement-with-the-cullen-fund/

http://www.radionz.co.nz/news/national/297089/five-years-on,-why-is-chch-still-waiting

http://m.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11622371

http://www.stuff.co.nz/waikato-times/news/national-news/88759544/Disgust-at-mental-health-care-conditions-at-Christchurchs-Princess-Margaret-Hospital

Loans from thin air and how the 62 Richest People on Earth Own the Same Wealth as Half the World’s Population

“It is simply unacceptable that the poorest half of the world population owns no more than a small group of the global super-rich—so few, you could fit them all on a single coach”  … Mark Goldring, Oxfam Great Britain

This is absolute truth. Something is seriously wrong with our world when this is the state of affairs. Follow the money trail couldn’t be truer in this instance … follow the trail of the fraudulent banking industry. Your home you are paying off you will pay, it’s said, something like twice over when you tally up the interest these sharks charge you.

A Kiwi borrower buying a median-priced $416,000 home with a 20 per cent deposit on a floating 6 per cent interest rate would pay $717,965 over the life of a 30-year loan, according to Sorted’s mortgage calculator … NZ Herald

And to add insult to that injury the money they lend you is created on a computer screen, digital, and not solid gold or its equivalent in a vault out back. For more info on that visit our Money pages and/or watch the following short NZ clip (Kiwisin case you thought it was a problem ‘over there’ not here… as we do at times living down under).

Our histories and our money system are not what they seem. As the rich get richer and the poor, poorer, the cracks in this corrupt industry become more evident and obvious.
See here who owns the banks of the world (well most of them anyway) … the family infamous for this reasonably well known quote:

“Give me control over a nations currency, and I care not who makes its laws” – Baron M.A. Rothschild

The same family that boasted of funding both sides of wars to make money. The theme of the above quote by the way, is reiterated by many other notable people throughout history who cottoned on to the fraudulent activities of this group… for instance:

  “Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States” — Sen. Barry Goldwater (Rep. AR)

ROTHSCHILD OWNED & CONTROLLED BANKS (165 of them):

Afghanistan: Bank of Afghanistan
Albania: Bank of Albania
Algeria: Bank of Algeria
Argentina: Central Bank of Argentina
Armenia: Central Bank of Armenia
Aruba: Central Bank of Aruba
Australia: Reserve Bank of Australia
Austria: Austrian National Bank
Azerbaijan: Central Bank of Azerbaijan Republic
Bahamas: Central Bank of The Bahamas
Bahrain: Central Bank of Bahrain
Bangladesh: Bangladesh Bank
Barbados: Central Bank of Barbados
Belarus: National Bank of the Republic of Belarus
Belgium: National Bank of Belgium
Belize: Central Bank of Belize ….

Read what the rest of them are … New Zealand’s Reserve Bank is included there: http://omnithought.org/list-of-banks-owned-controlled-rothschild-family/2327

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If you’d like to dig deeper watch this doco:

International Banking Cartel Documentary Full Movie

and this
Rothschild family full HD Documentary 2016

Time for change?

 

Here is an article then that will tell you who owns the wealth … now that you know more about how they got it …

62 Richest People on Earth Own the Same Wealth as Half the World’s Population

From ecowatch.com:

“A mere 62 people own the same amount of wealth as the world’s poorest 3.6 billion people, according to an Oxfam report published on Monday. This number has fallen dramatically from 388 as recently as 2010 and 80 last year.

The report, An Economy for the 1 Percent, found that the wealth of the poorest half of the world’s population has fallen by a trillion dollars since 2010.

“This 41 percent drop has occurred despite the global population increasing by around 400 million people during that period,” Oxfam said. “Meanwhile the wealth of the richest 62 has increased by more than half a trillion dollars to $1.76 trillion.”

Using data from Credit Suisse, Oxfam also found that the richest 1 percent now has as much wealth as the rest of the world combined.

“It is simply unacceptable that the poorest half of the world population owns no more than a small group of the global super-rich—so few, you could fit them all on a single coach,” Mark Goldring, Oxfam Great Britain chief executive, said…..

http://ecowatch.com/2016/01/19/global-wealth-gap/?utm_source=EcoWatch+List&utm_campaign=22535d3253-Top_News_1_19_2016&utm_medium=email&utm_term=0_49c7d43dc9-22535d3253-8601097

You might also like this link:

20 U.S. Billionaires Now Own as Much Wealth as Half of All Americans
http://www.truthdig.com/eartotheground/item/20_billionaires_now_own_as_much_wealth_as_half_of_all_americans_20151204#14542939195681&action=collapse_widget&id=0&data=

 

EnvirowatchRangitikei

The biggest Bank heist ever!

(For video description scroll to bottom of page)

Here is some enlightening weekend viewing. Learn why our respective nations have undergone such radical changes in recent decades. The oldies among us will tell you this. Things are not as they were.

New Zealand has changed dramatically since the late ’80s when the new neo liberal economic policies called Rogernomics set in. We are now the reapers of that earlier Government’s folly, and paying a price. Where once we had full employment and no debt, we are now in debt … big time (climbing $27 million per day) and subject to the control of big business. Borrowing millions per week to stay afloat? Our grandparents must be turning in their graves. That was the unfortunate ‘NZ Experiment’ that sold us down the river, and with our assets now going … going … gone, we no longer enjoy the sovereignty we once had. They sold off our family silver as it were under the fancy name of ‘privatization’. (A new term, note, that gives a professional air and shifts the focus off what is really happening). We were told it was to pay our national debt but we are now more in debt than ever … it clearly hasn’t worked. Our country is now a corporation registered with the Securities and Exchange Commission (SEC) and our government departments likewise. There is your clue. Corporations have one bottom line: PROFITS.

As an early NZ settler of colonial times stated:

The whole and entire object of everyone here is making money, the big fishes eating the little ones (‘The Rich List’, G Hunt p 29)

So ‘filthy lucre’ if you like was uppermost back then as well … the driving motive for expansion to other shores was not as we’ve been led to believe … to bring civilization and Christianity … these were merely by-products.

With this corporatisation everything began to operate on a business model, and instead of people with related background experience matching the kind of government department they served, we saw people appointed with purely business skills.  Their focus became figures and profitability, not people, so social service and health departments were required to predict their costs in advance based on historical data. Quite a feat when dealing for instance with child abuse.  Government departments were subjected to restructuring (the new catch word given to the changes … known also in other countries by other names like ‘structural adjustment’) and told it was so they could all work smarter. In fact, where I worked at the time, I likened it to musical chairs. When the music stopped there were less bums on seats in the office. And the music kept playing, and the seats kept disappearing. The folks on the ground inherited more work from their now absent colleagues, and the CEOs inherited fatter salaries to ensure (I suspect) the new status quo remained. It was a classic case of smoke and mirrors and happened across the board. Friends of mine in other professions complained of being buried in mountains of new paper requirements, the face of their jobs completely changing, and leaving less time for people.

So now we see evidence of this business model everywhere, with their whole raison d’etre being profits, while the memory of a caring welfare state is becoming more and more elusive by the year. In rural communities it still sticks out like a sore toe because it clashes with their longtime ethic of community and caring.

On that note, as you ponder on the origins of our (and many other countries’) demise into the debt abyss … grasp an overview of the root cause of these problems in ‘The Biggest Bank Heist Ever’. It is all about making money, the big fishes eating the little fishes. Remember, it is a mythical illusion that all can succeed under capitalism. Wakefield himself of the NZ Company openly stated that they would keep the price of land high enough so that not all could own any (1).

References

(1) Miller J (Early Victorian New Zealand) p 4


Video Description

Video info: “The award winning documentary ‘Inside Job’ [2011 | US] by the veteran crusader, Charles Ferguson is the most insightful and illuminating amongst a number of such attempts that deal with the global financial crisis, which is wrecking lives and economies across the world to this day.

The reason is that it successfully challenges the myths and lies surrounding the root causes of the crisis and tells us exactly how and why it happened, in a simple and straightforward way that anyone can understand.

IsuruFoundation® highly recommends this great film to anyone who wants to know why we the public are paying with our lives for the treacherous shenanigans of the filthy rich and the powerful.”

On Queen’s Birthday weekend … 8 facts about the Queen that may surprise you

Since it’s Queen’s Birthday this weekend (not her official birthday which is 21st April) here are a few pertinent facts you may like to ponder:

  1. Elizabeth_II_greets_NASA_GSFC_employees,_May_8,_2007_editQueen Elizabeth is the largest landowner on earth; she has legal ownership of over one sixth of the planet’s surface. The Commonwealth, including Britain, occupies 9,900 mill acres of the earth’s 36,000 mill acres.
  2. in the UK the Queen is the sole legal owner of all land. Everyone else has either of the following forms of tenure:  (a) freehold defined as ‘an interest in an estate in land, in fee simple.’ (a medieval term for the sum paid to represent the fact that freehold was actually a tenancy and that the monarch was the ultimate landowner). (b) Leasehold, an interest in an estate in land, in fee simple, for a term of years’.
  3. The corporation called ‘NZ’ (your country Kiwis) is registered as owned by the Queen, on the Securities & Exchange Commission’s (SEC) website, Washington DC.
  4. During WW2 11 million acres of land was seized by the British Govt., with minimal and in some cases no compensation paid.
  5. In the UK, Australia, Canada, NZ and anywhere else there are Crown lands, the relevant Govts can seize land without compensation, acting in the Queen’s name … they can also use the Royal Prerogative (feudal powers) to do the same, beyond the reach of parliaments.
  6. The Queen owns as a private person, about 637,000 acres with a value of over $9,200 million.
  7. For nearly 10,000 years of known history, those claiming ownership of land on the planet has been between 0.2% and 3% of the population, whilst the remaining 97-99% owned nothing. The land owners exclude the majority from owning any by crafting their own land laws and perpetuating the fallacy that land is scarce because there are too many people on the planet.
  8. If all the land on the planet was divvied up equally to all (this calculates roughly to one tenth of an urban acre or two of rural) poverty could be eliminated.

From ‘Who Owns the World’ by Kevin Cahill and Rob McMahon

Watching our environment … our health … and corporations … exposing lies and corruption

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