The latest Brain Fart

[mashman]

and you have evidence to support the above statement?...........and please........not unconfirmed shit on wiki again

Other than open your eyes ?

'When the RBNZ seeks to cool inflation, it raises interest rates. This essentially reduces the demand for goods and services relative to supply, which contains prices. The reduction in demand works through a number of channels. First, saving is encouraged by higher deposit rates. Second, borrowing and investment is discouraged through the higher cost of borrowing. Together, money is reallocated from consumption to saving and investment is reduced. A higher interest rate will also typically lead to an appreciation in the exchange rate. This reduces exports as each unit of exports now earns the New Zealand producer less. So a rise in the interest rate leads to a reduction in consumption, investment and exports. As activity reduces, so does employment, wage growth and inflation." ... sound familiar?

There are a few very long winded documents on the Reserve Bank site, but it still seems to hold true.

[Bikemad]

thats a better effort...........i still don't want those bludging pricks gettin my tax dollars for nothin though

[mashman]

thats a better effort...........i still don't want those bludging pricks gettin my tax dollars for nothin though

They're not doing nothing. They're keeping your $ worth more. I'd love to see you all get your wish of full employment so that the opposite happens

[Bikemad]

ok........well how bout you give me some of your money and i will stay off work and be really productive doing nothing

[mashman]

ok........well how bout you give me some of your money and i will stay off work and be really productive doing nothing

Oh if I had a $ for every time someone said that to me... so I can only say in return, go on the dole and you will be getting my money. As far as productive goes, I agree with you... but if by productive that means that they have to spend more money than they usually would getting to and from their place of productivity, then no, I wouldn't expect them to be productive, it ain't like they can afford it (t'would be akin to slave wages). In regards to cigs and booze being taken away from the bad bad bludgers, they're just gonna find other ways to get it. Oi mate, let me pay for the groceries on your list and you buy my smokes and booze for me. Nothing will change, other than the govt will be appeasing those who believe that such bullshit is for the good of society and that their tax $ is being spent more wisely. Hook, line and sinker.

[RDJ]

... you're not alone.

So, ah, who'll help pay for and care for you when you're old? what's Plan B?

[Brian d marge]

"a truth about NZers, the working poor hate the beneficiary poor with the same visceral passion that racists hate people of different colour." - predictable reactions - Pavlov's dogs have nothing on you lot!

A pity the working poor are satisfied with their pittance............and aren't motivated to become involved in raising them.

So - National are using the same tried and true methods that worked, oh so well, in the 90's. Bash beneficiaries, lower wages, lower taxes for the wealthier - by borrowing if required, slash all social and public services, deprive people of the vote and sell everything of any perceived value to their mates..... By the time this little episode has finished, NZ should be at about Upper Volta's standard of living and social harmony.......

Still

carry on people..........

agreed , this has been tried and tested throughout history , demonize one group against another ...at the end of the day as I have said untill im blue in the face , it isnt national labour or the screaming lord such party
its people with money Always FOLLOW THE MONEY

in this case america via australia

I can see how the treasury ( advising ) the government are in a bind ,,,,, small increases, tend to compound and get intrenched and once intrenced impossible to remove

Now I woyuld like to introduce to you . The french ...1776 to be precise , how many ministers of finance? three , four and all said the same thing..... tax fairly incl the rich

I kind of feel kind of sorry for Marie being born Austrian an all ....

anyway, at the end of the day Mac cawbers principle holds true , 19,6 happy 20,01 result misery ,,,and that needs to happen at our level ,

Dont borrow , and live within your means , buy NZ

and a few other thing which ill post later ...to be honest Im tired of repeating the same thing again and again only to be proved right ( by succesive loonies in wellington)

Sorry that these posts are disjointed and not fully explained ,,but it does get tiresome

in the meantime, work ...
should be something you like ,,,, income doesnt need to be money .........

stephen

[jrandom]

You only have to look at the way Greece has been ruined by soft cock politicians who pandered to their bleeding heart bone lazy voters.

Some might say that it was ruined by German banks offering unsustainably cheap credit to Greece as a way of keeping markets open for German producers.

But I guess y'all don't hold with that sort of book-larnin' logic.

"a truth about NZers, the working poor hate the beneficiary poor with the same visceral passion that racists hate people of different colour."

Yes.

Stupid people are stupid, no matter what they do of a weekday.

I wonder how many of those who rail against 'dole bludgers' have ever actually met one.

[jrandom]

I am awesome because it took me 10 months to find a job and I didn't need a benefit because I have middle-class white parents who fed me when I ran out of money.

If only we had more like you.

[flyingcrocodile46]

Some might say that it was ruined by German banks offering unsustainably cheap credit to Greece as a way of keeping markets open for German producers.

Yes, some might. However the Greeks had to spend it.

Stupid people are stupid, no matter what they do of a weekday.

I wonder how many of those who rail against 'dole bludgers' have ever actually met one.

I do. One on the dole for almost a year now (with soft head problems) and one on the DPB for (though recently off) for about 13 years. (That's a big chunk of the 20 year mortgage repayment gone). Also done it hard myself on numerous occasion and once on the dole for about 6 weeks (after all my savings were exhausted during a 5 month period of unemployment). Also had dealings with some on work schemes (who really didn't want to be there).

[MSTRS:Me]

Continuing an argument from two pages ago, I spent 10 months applying for EVERY full time job I could do. By the time I got an interview, I was up to over 300 applications. By the time I got the interview for the job I have now, I was at over 1000. I had 3 interviews. Two for the same job.

The job I'm in now, that wasn't actually advertisted. I applied for a different branch doing the same thing, and this job came up after I was shortlisted the first time. So I was one of two people interviewed. I walked out thinking nearly a two hour interview, I haven't got it. Two hours later it was mine.

Finding a job was my job. For ten whole months. I exhauseted my savings, and got in to debt before moving home with my parents. I'm still paying it off.

Now that's dedication.
It shouldn't be that hard to get a job...but I know it is.
And another thing I know? The one who gets the job is not necessarily the perfect candidate...nope...they'll just be good at interviews.
I know this because I am constantly 'amazed' at the utter incompetence displayed by so many people who have jobs...

[avgas]

Now that's dedication.
It shouldn't be that hard to get a job...but I know it is.
And another thing I know? The one who gets the job is not necessarily the perfect candidate...nope...they'll just be good at interviews.
I know this because I am constantly 'amazed' at the utter incompetence displayed by so many people who have jobs...

Consider yourself lucky.

I got called 'cocky' recently for asking questions pertaining to the role. (what markets they operate in? how strong are their competitors etc)
Turns out everyone they wanted a 'yes man' who doesn't ask question and doesn't do their job.

Next interview I am going to die my hair grey, stick on a santa beard and say I am 55. That way they can't call me cocky, I would be called "experienced".

[avgas]

So what happened after the 90's?
Nine years of Labour achieved...what?

SSDD as far as I am concerned.
See that is the problem with politicians. Politics.

What we need is some kind of "Run-the-country-properly-because-its-your-job" superheroes.

[MSTRS:Me]

Next interview I am going to die my hair grey, stick on a santa beard and say I am 55. That way they can't call me cocky, I would be called "experienced".

Fuck you. I'm not 55. Yet.

[avgas]

That's very true... however beneficiaries help the country manage inflation. We need unemployment. I'd call that a service.

Errr not always.

1990's Japan anyone.