Support NZ Business - yeh right !!!!

[nerrrd]

That is not how the banking systems work, but let's not get facts in the way of an emotional argument.

No doubt, there's probably leprechauns involved in there somewhere as well.

[FJRider]

I think that that is an outcome that is NOT unexpected by those who promoted MMP in the first place.The suprised ones would be those that dont want MMP and or a died in the blue national party supporter

But ... will it make the voters think more carefully as to how how they can use the voting system to their advantage ??

Will the major parties be advising there supporters on how best to vote for maximum party advantage ???

[husaberg]

or a died in the blue national party supporter

if only they would hury up and do so........
They could be buried them with a portrait of both their idols.

[Viking01]

I can never keep track of who 'they' are...

I'll also never understand why banks lending $10 for every $1 they have on deposit isn't basically 'printing money' as well, and that's been going on for decades.

Might be some content present that helps answer your question:

https://www.bankofengland.co.uk/-/me...rn-economy.pdf

[BMWST?]

I blame Muldoon. He promised a free super scheme to replace the Labour contributory one. Voters let greed override logic. If the Labour scheme had been retained, and if subsequent governments could keep their fingers out of it, there would be billions in the fund today.

thats exactly the event that started it yes

[BMWST?]

but the "wealth" is mostley overinflated property prices ,whilst the bankers generally are the ones actually getting wealthier.The "wealth" for the actual property buyers is largely wasted buying even more over valued property and paying another mortgage off

[nerrrd]

Might be some content present that helps answer your question:

https://www.bankofengland.co.uk/-/me...rn-economy.pdf

I was going to read it, honest sir, but then the dog ate it...

Actually I did read the overview. Several times to try and make some sense of it. Seemed to be saying that banks do create money out of thin air, within limits, but no doubt I'm failing to understand many vitally important economic policies and principles in saying that.

Back to ill-informed generalities for me.

[sidecar bob]

but the "wealth" is mostley overinflated property prices ,whilst the bankers generally are the ones actually getting wealthier.The "wealth" for the actual property buyers is largely wasted buying even more over valued property and paying another mortgage off

I guess we could all just sit on our arses & hope to receive enough govt money to barely survive once we reach a certain age.
Or we could provide housing to the risk averse while we invest in overpriced property & have others pay the mortgage on it while pretending that we are wealthy.
I prefer to call it inflation proofing my earnings.
What do you do prefer to do, bank your earnings & find that it buys nothing in 20 years while paying off consumer goods that will also be worth nothing in 20 years while complaining that others have all the luck?

[F5 Dave]

I was going to read it, honest sir, but then the dog ate it...

Actually I did read the overview. Several times to try and make some sense of it. Seemed to be saying that banks do create money out of thin air, within limits, but no doubt I'm failing to understand many vitally important economic policies and principles in saying that.

Back to ill-informed generalities for me.

Oohh, sounds comfortable. Can I join you?

[husaberg]

but the "wealth" is mostley overinflated property prices ,whilst the bankers generally are the ones actually getting wealthier.The "wealth" for the actual property buyers is largely wasted buying even more over valued property and paying another mortgage off

The only reason they do so is to avoid tax.
given a CGT tax like nearly every country in the developed world has that model would change.........

[TheDemonLord]

given a CGT tax like nearly every country in the developed world has that model would change.........

Yeah! More Taxes!

Because that always helps stimulate an economy with an impending recession....

[eldog]

We arent sheep. Well some of us anyway.

[eldog]

I guess we could all just sit on our arses & hope to receive enough govt money to barely survive once we reach a certain age.
Or we could provide housing to the risk averse while we invest in overpriced property & have others pay the mortgage on it while pretending that we are wealthy.
I prefer to call it inflation proofing my earnings.
What do you do prefer to do, bank your earnings & find that it buys nothing in 20 years while paying off consumer goods that will also be worth nothing in 20 years while complaining that others have all the luck?

I think I am currently ticking all the boxes you have presented. Still feel like I am doing all the work and others just cruise through.

Sure I have some nice stuff, why not we are only here once.

Just don't feel confident that I am doing enough for future saving

[sidecar bob]

The only reason they do so is to avoid tax.
given a CGT tax like nearly every country in the developed world has that model would change.........

Thats a massive sweeping generalisation based far more on what you would like to believe, than actual fact.
The concept of investing in property to aviod tax has never featured in any of my thinking on that topic.
I do it to create passive income, while inflation proofing wages I have worked for in the past.
How do you invest your cash reserves? For christ sake don't say you put it in the bank.

[eldog]

How do you invest your cash reserves? For christ sake don't say you put it in the bank.

living on the edge, no cash reserves

put it in the bank to paying off mortgage as fast as I can.