David Shearer quits

[mashman]

The question was about debt.
Do you think the banks are the only source of credit?

Banks produce debt each time they create money.
Nope. But those who extend credit will have gotten that money from a bank at some point or other.

[Oscar]

Banks produce debt each time they create money.
Nope. But those who extend credit will have gotten that money from a bank at some point or other.

That's like blaming global warming on Petrol Stations.

Besides, you can create debt without money.

[Ocean1]

I always wondered who ruined this country.

Somewhat against the local current I'd say we've got a lot to thank someone about, why should evel bonkers.. er bankers get all the credit?

[Ocean1]

Yes. Where else does money come from?

Real people earn it.

One of these days it'll sink in.

[mashman]

That's like blaming global warming on Petrol Stations.

Besides, you can create debt without money.

Not it's not... if you had have said petrol companies, that would have been an apt analogy.

Depends on how you define debt.

Real people earn it.

One of these days it'll sink in.

[Oscar]

Not it's not... if you had have said petrol companies, that would have been an apt analogy.

Depends on how you define debt.

The analogy was that Banks are only distributors.
Perhaps it was too acute for you.

[mashman]

The analogy was that Banks are only distributors.
Perhaps it was too acute for you.

Your example was only half of the story given that they are the producers... I also mentioned both debt and credit, not just debt. Each to his own.

[Indiana_Jones]

So I see on the news we'll be paying for these Labour leader wannabes to fly around the country to settle a party leadership debate. Why the fuck isn't the party paying for it?

-Indy

[oldrider]

So I see on the news we'll be paying for these Labour leader wannabes to fly around the country to settle a party leadership debate. Why the fuck isn't the party paying for it?

-Indy

We are paying for the whole bloody pantomime while Labour gets all this free publicity getting them ready for the next election!

[Brian d marge]

Yes, this. If you know me well enough to attribute to me some mysterious political motivation that’s ruined NZ you’d presumably have to know me pretty well. Fuck knows what relevance a rego increase has to the ruination of the country but you obviously thought it was an important enough link to highlight it.

So, you know me well, well enough to blame me for the ruin of NZ, (lets just gloss over the fact that NZ rates better in almost every quality-of-life indicator than at any time in it's history, better than most of the rest of the western world, and stunningly better than every other nation not associated with those nasty American bankers you keep blaming), but not well enough to say what you’d expect would be my response to that rego increase.

Wana give it a proper try now? Or do you in fact know nowhere near enough to shoot your mouth off on the topic. Again.


Ah gwarn, I’ll even take a semi accurate label of my political motivations.




Anything?

fair call , I wont even scurry of to check , but what ever I say ill be wrong , but "hey" lets have some fun. Still doesn’t change anything I said or the substances of you posts , even this one ..been reading health and beauty again I see.....

48 or 50, bike on tick , mortgage which is just ok to pay , upper blue collar or lower white collar working . from a good hard working Presbyterian family , work hard pay ya way and that’s life.
probably went to the bikoi but has problems with wingin poms. Inside struggles or feels helpless to do anything about the daily crap so try to justify it with own upbringing in order to make sense of life. Would secretly like to vote labour , but gets bent out of shape over the percieved threat of an undeserved section of society getting something that you have to work hard for ..... so votes national

now on to the other part of the post ... Rego was rammed through by the current government and didn’t need to be increased ,ACC didnt need fixing ( a 1c tax increase back in the middle 90s would have seen Acc sweet as .... IF you were on the bikoi you would know this . Its just a symptom of the disease that is the new right. But then you know this right !


New Zealand quality of life . where do I start , it was pretty good under the socialist and styed contant from about 1938 till 1980 odd , the effects of the korean war and all......but a quick check tells me its 15th 7.4 out of 10 BEHIND the united states and Autralia but infront of japan........due to a change in ideology as you well know

please Google thing before you dribble, ( do you want me to post the links or do you want to give Google a try by your self)
"
Stephen

[Brian d marge]

The analogy was that Banks are only distributors.
Perhaps it was too acute for you.

do you know anything about fractional reserve banking or indeed the reserve bank act 1989

Do you want me to hold you hand and post the links

Stephen

[Bikemad]

So I see on the news we'll be paying for these Labour leader wannabes to fly around the country to settle a party leadership debate.

-Indy

yep.......and the candidates............a westie,a wanker and a homo.............good grief...........i suppose at least shane jones is a hands on type of guy

[unstuck]

Got to love the way Jones calls reporters "Bro". Maybe our first " Cuzzie" PM?

[Oscar]

do you know anything about fractional reserve banking or indeed the reserve bank act 1989

Do you want me to hold you hand and post the links

Stephen

No - take Ocean's advise and STFU.
Mushbrain was reply to a comment I'd made to someone else and typically he got it wrong.
Now you're chipping in four posts later and have even less to contribute.

[mashman]

No - take Ocean's advise and STFU.
Mushbrain was reply to a comment I'd made to someone else and typically he got it wrong.
Now you're chipping in four posts later and have even less to contribute.

Don't be scared, you will be looked after.