Who will win the 2011 election?

[oldrider]

Could you explain this, please?
If NZ has (or had) a monopoly banking system, why would their "financial overlords" open it up to competition?

NZ has one of the most deregulated financial markets in the world (and lucky for us we did, the strenghth of the Australian Banks and the associated Aussie Govt. g'tee brought us through 2008 relatively unscathed). Also if it is really a monopoly, why did the Govt. start it's own bank in direct competition to the "financial overlords"?

Exactly how does anyone exert political control over four Aussie Banks, one British one, one from Hong Kong and a Govt owned bank all at the same time???

Good question, NZ just toes the world banking line and operates exactly as it is told to.

Kiwi Bank is not in competition with other banks other than seeking a share of the pie, it is just another bank, doing what bank's do!

Like Henry Ford said ... any colour you like ... as long as it is "black"!

Banks create all new money as an intrest bearing debt, they use our collateral, which is the basis of a loan and create a loan of up to 9 times the value, simply as a book entry!

The only real wealth involved is the collateral and the interest the mortgagee pays to them!

It's a pretty good racket and nobody ever asks questions about it without they get denounced as a crackpot or something!

There is much evidence written and presented but .... ask yourself, do you believe the people that are trying to warn you?

No you don't! .... You laugh at them as "conspiracy theorists" just the way you are condition to react!

You are not stupid, I think you are intelligent, it is just that you have yet to see the wood for the trees!

It took me a fair while but one day the penny just dropped!

Why do I buy one house but pay for two or three and even then I don't own it?

It's because I am paying for the parasitic banking system as well!

[Oscar]

Good question, NZ just toes the world banking line and operates exactly as it is told to.

Kiwi Bank is not in competition with other banks other than seeking a share of the pie, it is just another bank, doing what bank's do!

Like Henry Ford said ... any colour you like ... as long as it is "black"!

Banks create all new money as an intrest bearing debt, they use our collateral, which is the basis of a loan and create a loan of up to 9 times the value, simply as a book entry!

The only real wealth involved is the collateral and the interest the mortgagee pays to them!

It's a pretty good racket and nobody ever asks questions about it without they get denounced as a crackpot or something!

There is much evidence written and presented but .... ask yourself, do you believe the people that are trying to warn you?

No you don't! .... You laugh at them as "conspiracy theorists" just the way you are condition to react!

You are not stupid, I think you are intelligent, it is just that you have yet to see the wood for the trees!

It took me a fair while but one day the penny just dropped!

Why do I buy one house but pay for two or three and even then I don't own it?

It's because I am paying for the parasitic banking system as well!

Parasitic banking system? You're tuning yourself to a standstill here with nonsense propaganda.

Let's review the facts:

The only reason for you are paying for two or three houses is that your repayments are stretched over twenty five years. Did someone hold a gun to your head? You could rent, but I have no doubt you have a line about parasitic landlords.

The bank isn't printing the money - they need to pay their depositors interest on the money. At the other end of the equation are other people who are relying on deposit income to live - would you have little old ladies starve so you can pay your mortgage off quicker?

The one year fixed rate is currently 5.95%. Based on amount of $250,000, this is only 1.5% over what the bank would pay for funds on the local market, and maybe 2% or 3% over what they would pay on the bond market.

[oldrider]

Parasitic banking system? You're tuning yourself to a standstill here with nonsense propaganda.

Let's review the facts:

The only reason for you are paying for two or three houses is that your repayments are stretched over twenty five years. Did someone hold a gun to your head? You could rent, but I have no doubt you have a line about parasitic landlords.

The bank isn't printing the money - they need to pay their depositors interest on the money. At the other end of the equation are other people who are relying on deposit income to live - would you have little old ladies starve so you can pay your mortgage off quicker?

The one year fixed rate is currently 5.95%. Based on amount of $250,000, this is only 1.5% over what the bank would pay for funds on the local market, and maybe 2% or 3% over what they would pay on the bond market.

The banking system in it's self is well organised and efficient, the area of dispute is their god given right to create "new money" and charge exorbitant intrest for the privilege.

If GDP is 100 and GNI is 75 there is a shortfall of 25 .... 75 can not consume 100 ... 25 new ones have to be created and issued to achieve that!

Monetary reformists say create it interest free! (social credit)

Banks create it at ?%! (social debt)

Same problem but a bigger problem due to the intrest charge, that initial 25 just keeps getting bigger and bigger until we have a depression, followed by a war, followed by a boom period!

Then after a reshuffle it all starts over again. Take a look at history!

The new money should be created circulated and when it has done it's work it should be cancelled!

That wouldn't actually happen because the demand and economic growth would increase the demand for more "new money"!

Every other transaction is just legitimate borrowing and lending business! (real money)

[Vacquer0]

origin:
1350–1400; earlier morgage, Middle English < Old French mortgage, equivalent to mort dead (< Latin mortuus ) + gage pledge, gage1

Death Contract

[mashman]

I fail to see how any of the above proves the "financial overlord" comment.

Who approves the creation of money?

If there is some overarching international power controlling money markets, they’re ‎doing a piss poor job. ‎

They are. But then that's their job as they believe in the same value system that you do... irrespective of the obvious flaws.

To take Greece as an example, they're in the shit because they spend too much on shit they can't afford. They have some of the most generous Govt. pensions anywhere - for example, as a job with "high physical input", a chef or a hairdresser is allowed to retire at age 55.

If there really was an International Banking conspiracy, the IMF would have stepped in, the Hairdresser woul have to retire at 65, and the banks wouldn't be bleeding shitloads of cash...

Who spends too much money on what? It would be easier to manage if the pensions were all of equal value... but as they're all valued differently, those with higher paid jobs receive higher pensions and it is those people who are causing the most drain on the economy... and most can probably afford to live without a pension. (

And back on topic... NZ politicianssssss life perks after 12 years of "service", :facepalm...

Perhaps you haven't noticed, but pretty much every developed country is looking to extend the pensionable age because they can't afford it.

As far as I'm aware, smaller banks like Kiwibank securitize their loans and sell them on the open market, hence the commonly used expression about Japanese Housewifes and Belgian Dentists underwiting the NZ housing market.

commonly used ... never heard of it... belitists party joke perhaps? How do they securitize the loans?

[Oscar]

The banking system in it's self is well organised and efficient, the area of dispute is their god given right to create "new money" and charge exorbitant intrest for the privilege.

If GDP is 100 and GNI is 75 there is a shortfall of 25 .... 75 can not consume 100 ... 25 new ones have to be created and issued to achieve that!

Monetary reformists say create it interest free! (social credit)

Banks create it at ?%! (social debt)

Same problem but a bigger problem due to the intrest charge, that initial 25 just keeps getting bigger and bigger until we have a depression, followed by a war, followed by a boom period!

Then after a reshuffle it all starts over again. Take a look at history!

The new money should be created circulated and when it has done it's work it should be cancelled!

That wouldn't actually happen because the demand and economic growth would increase the demand for more "new money"!

Every other transaction is just legitimate borrowing and lending business! (real money)

Er - that equation only works if the GDP stays at its benchmark.
It doesn't.

[Oscar]

Who approves the creation of money?

Where?
In NZ?
The Treasury, what’s your point? ‎

They are. But then that's their job as they believe in the same value system that you do... irrespective of the obvious flaws.



Who spends too much money on what? It would be easier to manage if the pensions were all of equal value... but as they're all valued differently, those with higher paid jobs receive higher pensions and it is those people who are causing the most drain on the economy... and most can probably afford to live without a pension. (

The pensions in question are of equal value, they are just paid earlier.
The higher pension you are referring to are superannuation savings.

Perhaps you haven't noticed, but pretty much every developed country is looking to extend the pensionable age because they can't afford it.

So what? People are living longer.
My point was that Greece got into trouble in part because of the unrealistcally early age they pay the pension.

commonly used ... never heard of it... belitists party joke perhaps? How do they securitize the loans?

Securitising loans is where the underlying debt is sold (usually offshore) as bonds. I'll bet there are lots of commonly used financial expressions that you don't know, but that doesn't make it elitist, it's merely a reflection of your education.

[oldrider]

Er - that equation only works if the GDP stays at its benchmark.
It doesn't.

Not meant to be fixed, it's just a discussion example ... oh well, nice chat.

[mashman]

Where?
In NZ?
The Treasury, what’s your point? ‎

Then why don't the treasury create some new money and buy the SOE's?

The pensions in question are of equal value, they are just paid earlier.
The higher pension you are referring to are superannuation savings.

How long do you get to claim the higher level pension? Is there a time limit?

So what? People are living longer.
My point was that Greece got into trouble in part because of the unrealistcally early age they pay the pension.

Why didn't Greece get their treasury to print more money? Then people living longer could put more into the pension funds.

Securitising loans is where the underlying debt is sold (usually offshore) as bonds. I'll bet there are lots of commonly used financial expressions that you don't know, but that doesn't make it elitist, it's merely a reflection of your education.

You said commonly used expression, not financial expression ... but you're correct, my education is exceptionally low in just about every field of study there is, even my own... that's why I have no option but to trust those who speako the lingo. Seems like they really suck at their jobs. I would have thought the bright sparks in the beehave woulda dealt with that by now.

[Zedder]

Then why don't the treasury create some new money and buy the SOE's?



How long do you get to claim the higher level pension? Is there a time limit?



Why didn't Greece get their treasury to print more money? Then people living longer could put more into the pension funds.



You said commonly used expression, not financial expression ... but you're correct, my education is exceptionally low in just about every field of study there is, even my own... that's why I have no option but to trust those who speako the lingo. Seems like they really suck at their jobs. I would have thought the bright sparks in the beehave woulda dealt with that by now.

To cut a long story short: Unfortunately it's not as easy as printing more money because it would just create massive inflation and there'd be a barrow load of money to buy a loaf of bread scenario.

You're bang on about having no option but to trust those who speako the lingo etc.

Most of us have no option but to trust them and they (banks, the financial sector, and government) stuff it up big time regularly.

[Oscar]

You said commonly used expression, not financial expression ... but you're correct, my education is exceptionally low in just about every field of study there is, even my own... that's why I have no option but to trust those who speako the lingo. Seems like they really suck at their jobs. I would have thought the bright sparks in the beehave woulda dealt with that by now.

It is a commonly used expression.
So how come you know these people suck at their jobs yet you admit that your "education is exceptionally low"?

[mashman]

To cut a long story short: Unfortunately it's not as easy as printing more money because it would just create massive inflation and there'd be a barrow load of money to buy a loaf of bread scenario.

Why? (short version will do )

It is a commonly used expression.
So how come you know these people suck at their jobs yet you admit that your "education is exceptionally low"?

I'll remember to slip that one into conversation someday.
Coz it don't take a rocket scientist to be able to see that people around the globe are dying or are in serious poverty, even with a food surplus. ... despite arguably one of the most powerful groups on the face of the planet having set MDG's over 10 years ago (they have 3.5 years left to deliver, Aunty Hels in #3 isn't she?)... and that's with just about any and every resource at their disposal. They suck at their jobs.

Also if anyone knows the answer to this I'd appreciate it. How long do you get to claim the higher level pension (superannuation)? Is there a time limit?

[Zedder]

Why? (short version will do )



I'll remember to slip that one into conversation someday.
Coz it don't take a rocket scientist to be able to see that people around the globe are dying or are in serious poverty, even with a food surplus. ... despite arguably one of the most powerful groups on the face of the planet having set MDG's over 10 years ago (they have 3.5 years left to deliver, Aunty Hels in #3 isn't she?)... and that's with just about any and every resource at their disposal. They suck at their jobs.

Also if anyone knows the answer to this I'd appreciate it. How long do you get to claim the higher level pension (superannuation)? Is there a time limit?

Short version: Google it.

[Oscar]

Also if anyone knows the answer to this I'd appreciate it. How long do you get to claim the higher level pension (superannuation)? Is there a time limit?

What are you talking of?

National Super?
There is only one level.

[oldrider]

It is a commonly used expression.
So how come you know these people suck at their jobs yet you admit that your "education is exceptionally low"?

He is qualified, he has a degree in the "School of Hard knocks", most successful education system ever created!

Podium finish in life.