PREFU: 10 years of deficits

**Naki Rat** · 7th October 2008, 07:50

Sure we have a team of tosspots running the country and economy but the problem goes way beyond them.

The video "Money as Debt" explains in simple terms how the world's economies are based on debt built on debt, with very little tangible worth. Grab a coffee and use the next 47 minutes to educate yourself - to most it will be an absolute shocker. Money As Debt

Look forward to the comments

**trustme** · 7th October 2008, 08:49

'Money as Debt;' had a quick scan thru & it looks like a rerun of social credit.
It does not give an answer to our immediate problems .
The world wide economy is in for interesting times & who knows where it will finish up . Look for governments world wide to plough a shit load of money into economies to try an avert another world wide depression but whose money are they using & does that money have any fundamental worth , fucked if I know.

**Reckless** · 7th October 2008, 09:08

Good viewing! I understand it and wonder when the whole thing will come crashing down again or will governments keep manufacturing money to keep the system going.

So here's a question?
What is our national debt?? A few years ago it was quoted quite frequently as $$$ for every man woman and child in Kiwi land! You never hear of it now. You always hear about trade deficits etc but do we still owe billions from Think big and later borrowing! So how many fictional dollars does NZ owe??

**trustme** · 7th October 2008, 09:13

Regional fuel tax approved for AK . Well done labour , good start to fixing things, lets increase taxes , boost business overheads & costs , decrease joe publics disposable income .

**Pixie** · 7th October 2008, 11:24

Originally Posted by avgas

"Walking the talk" as the fat and cumbersome maori party put it.

Stupid arseholes.How does one "walk" "talk"?

They don't even know the correct form of the cliche they use as a party slogan

**firefighter** · 7th October 2008, 12:29

Originally Posted by Oscar

Good summary of both the numbers and the political situation.
Perhaps that supercilious prick Cullen will not be so smug now...

I think cheese dick summed up his expression the best there.

Originally Posted by Salival

FTA: "The deficit is forecast to be $31 million this year and up to $3.2 billion in 2012/13"

It's unbelievable to think our entire countries deficit is going to be less than 5% of the bailout package recently approved in the US.

The figures are staggeringly small, really. Certainly not good, but that puts a perspective on how fucked the world economy is.

New Zealand is also staggeringly small in comparison to the U.S.........So when you put it into perspective that way, it's not so staggeringly small.....

Originally Posted by Swoop

The cheshire cat has recently spent every last penny, on his trainset and treaty settlements galore.
His ineptitude in finance is remarkable. "We're deeply in the black, oops, no - we are a few billion in the red... , Oops we are really in the black - treasury got it wrong".

It honestly looks like a deliberate attempt to sabotage the country, since they know that Liarbour are fucked.

Yes, and I believe that if it was a business and not a country he was running he would be held accountable. But, he'll get away with it because he's a politician. The worst he'll get is a naughty letter with the same stead as a letter from the U.N. (in otherwords nothing will happen)

Originally Posted by trustme

Regional fuel tax approved for AK . Well done labour , good start to fixing things, lets increase taxes , boost business overheads & costs , decrease joe publics disposable income .

Yes that's a fair enough idea, Auckland will pay for the whole countrys roading as well as individually paying for it's own.......

**Robert Taylor** · 7th October 2008, 19:53

I remember the incoming National Government in 1990 also inherited a poisoned chalice. Its a real pity we havent got a General Pinochet type character who would exercise a ''final solution'' for these morons.

**trustme** · 7th October 2008, 20:38

Yeah yeah, And Piggy chucked an absolute hospital pass at the Lange Govt.
I will vote for whoever comes up with a coherent set of policies that encourage growth , reward effort & lead the country forward.
For 9 years Labour has punished excellence & rewarded indolence, I don't expect them to change.
I don't see enough from the Nats to inspire me with confidence, they are the best of a poor bunch.
Its funny how the looney left have suddenly gone a bit quiet on this site , it must be hard to defend a govt that has squandered a wonderful opportunity the way these clowns have.

**Robert Taylor** · 7th October 2008, 20:55

Originally Posted by trustme

Yeah yeah, And Piggy chucked an absolute hospital pass at the Lange Govt.
I will vote for whoever comes up with a coherent set of policies that encourage growth , reward effort & lead the country forward.
For 9 years Labour has punished excellence & rewarded indolence, I don't expect them to change.
I don't see enough from the Nats to inspire me with confidence, they are the best of a poor bunch.
Its funny how the looney left have suddenly gone a bit quiet on this site , it must be hard to defend a govt that has squandered a wonderful opportunity the way these clowns have.

Fair call. It would be great to have such a government but too many of the population are conditioned to ''the world owes me a living"

**Motu** · 7th October 2008, 21:06

Lange knew what he was picking up from Muldoon's term,and his election campaign was about how tough it was going to be....but they would do it.Pity his right hand man went out of control.John Key should also be fronting up to what he's taking on,talking about taking tough measures,not free handouts.He's not going to turn it around in a year.Tough times mean tough measures.

**trustme** · 7th October 2008, 21:10

The thing that gets me, is that this government despise what went on under Rogernomics, they have been determined to rebuild the public sector to a point where it is so out of control that another round of Rogernomics may well be needed. These people didn't actually learn a bloody thing from that whole experience, the scary thing is they are proud of what they have achieved.

**Robert Taylor** · 7th October 2008, 21:13

Originally Posted by Motu

Lange knew what he was picking up from Muldoon's term,and his election campaign was about how tough it was going to be....but they would do it.Pity his right hand man went out of control.John Key should also be fronting up to what he's taking on,talking about taking tough measures,not free handouts.He's not going to turn it around in a year.Tough times mean tough measures.

And times would be a whole lot less tough had these neo commies not wasted bags and bags of money on often questionable historical grievance electioneering handouts, 50,000 extra paid beneficiaries ( civil servants ) Train sets and a plethora of other waste and squandered opportunities.
John Key is not perfect but Id much much prefer to have him at my dinner table, Clark and Cullen Id only have at my door as doormats.

**trustme** · 7th October 2008, 21:22

Lange knew it was bad , but had no idea how bad , he didn't realise we were about to default on loans
National had no idea what they were getting into in 1990
Richardson to her credit made sure that every govt now has to open the books before an election.
Of course , because we can trust Clark she would have told us the truth anyway, Yeah Right.