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24-05-2022, 10:57 PM
#6301
Last edited by Balance; 25-05-2022 at 08:17 AM.
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25-05-2022, 08:21 AM
#6302
And Ardern's government says there's NO gang problem in NZ :
https://www.nzherald.co.nz/nz/auckla...XUO6MXRN7ETZM/
Auckland shootings: Police called to seven suburbs around the city overnight
" ...............if gang violence had increased or decreased under her watch, to which she replied: "I reject the premise of that question."
https://www.newshub.co.nz/home/polit...-violence.html
But Poto & Ardern were shot down by their own MP Helen White:
https://www.newshub.co.nz/home/polit...-violence.html
Last edited by Balance; 25-05-2022 at 08:24 AM.
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25-05-2022, 02:02 PM
#6303
An excellent topic for Ardern to tell the commencement class at Harvard is ‘unintended & unexpected consequences’ - despite the tens of millions of dollars spent on consultants by Ardern when implementing policies.
Rents hitting yet another record level - due to Ardern’s targeting of landlords as enemies of the public.
Absolutely not surprising at all to anyone with common sense but this incompetent government attributes the rental rises as an unexpected & unintended consequence!
How so? Ardern might like to enlighten the commencement students with her considered social philosophy of the world.
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25-05-2022, 02:56 PM
#6304
Originally Posted by Balance
Rents hitting yet another record level - due to Ardern’s targeting of landlords as enemies of the public.
Yes and in this strange world govt spending impacts on inflation.
Despite food and petrol driving it. Those nurses and teachers must be eating a lot more recently
Last edited by Panda-NZ-; 25-05-2022 at 03:05 PM.
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25-05-2022, 04:09 PM
#6305
Inflation has been caused by central banks + COVID. But the central banks have made the inevitable fall-out much worse because they slashed interest rates and printed money since the GFC to deliberately inflate asset prices in order to induce a ‘wealth effect’. The fireman was the arsonist. Now the angry plebs who went ‘all-in’ on property are looking around for someone to blame as disaster looms, and they are far too ignorant to know the first thing about what central banks did and why it was so reckless. Most will blame ‘the gummint’; they will never learn anything unfortunately.
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25-05-2022, 10:15 PM
#6306
Originally Posted by Logen Ninefingers
Inflation has been caused by central banks + COVID. But the central banks have made the inevitable fall-out much worse because they slashed interest rates and printed money since the GFC to deliberately inflate asset prices in order to induce a ‘wealth effect’. The fireman was the arsonist. Now the angry plebs who went ‘all-in’ on property are looking around for someone to blame as disaster looms, and they are far too ignorant to know the first thing about what central banks did and why it was so reckless. Most will blame ‘the gummint’; they will never learn anything unfortunately.
Money printing is a phase in the rise and fall of empires according to Ray Dalio, and immediately precedes the far more troubling phase of “revolutions and wars.”
https://platonlife.com/blog/ray-dalio-what-comes-after-printing-money-period/
Phases of a life cycle of an empire
In brief, after the creation of a new set of rules establishes the new world order, there is typically a peaceful and prosperous period. As people get used to this they increasingly bet on the prosperity continuing, and they increasingly borrow money to do that, which eventually leads to a bubble. As the prosperity increases the wealth gap grows. Eventually the debt bubble bursts, which leads to the printing of money and credit and increased internal conflict, which leads to some sort of wealth redistribution revolution that can be peaceful or violent.
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26-05-2022, 08:54 AM
#6307
Looking forward to NZ’s spin artist of all time deliver her speech to the commencement class of Harvard.
Going to be the best laughs NZers are going to get for 2022 while the BS hypocrite waxes lyrical about
leadership,
transparency,
accountability,
delivering on promises
and
unifying a country.
And yes, about kindness and how it’s a wonderful thing to embrace criminals & gangs.
And how she learnt economics and about businesses while working in a fish & chips shop.
Let’s not forget about the politics of unexpected & unintended consequences!
Bring on tomorrow!
Last edited by Balance; 26-05-2022 at 10:14 AM.
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26-05-2022, 08:58 AM
#6308
Stephen colbert is coming back to NZ.
https://www.youtube.com/watch?v=2iH9WtfXKXM
Though some will probably blame her overseas travel for causing increased education fees.
Last edited by Panda-NZ-; 26-05-2022 at 09:43 AM.
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26-05-2022, 09:42 AM
#6309
Adding onto inflation as a key election issue in 2023 : the rise & rise of mortgage rates.
Day of reckoning for Ardern & Labour's fairy godfather, Robertson, in 2023 when $160 billion of fixed rate mortgages roll over.
Every 1% increase will suck $1.6 billion from already hard pressed homeowners, especially first home buyers.
And it looks like 2.5% is thew likely scenario so it's going to be $4.0 billion sucked out of mortgage homeowners' pockets - ouch!
Wonder how they will feel about being kind to the spin artist Ardern then?
Think they will be grateful to her for the housing crisis?
https://www.nzherald.co.nz/business/...AO3QVVZJJOBAA/
paywalled
Last edited by Balance; 26-05-2022 at 10:41 AM.
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26-05-2022, 11:13 AM
#6310
‘The gummint’ will get the blame for mortgage holders pain. NZers won’t blame themselves for the own outrageous borrowing binge to spurge on overpriced property. Wasn’t that long ago property was all anyone could talk about, and they all had glazed over eyes and enormous grins. Total mania. Now many of them will be feeling pretty sick and sorry.
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