Struggling? Here's why (My mark in the sand)

[Oscar]

Next fish. The banks. They invented a whole lot of fairy tale financial products so they could show huge profits on their balance sheets and hand themselves huge bonuses and salaries thus coring out the real capital that the banks actually had so now, nearly all of the banks the world over are insolvent. Once all the credit derivatives are all valued at their true values, there will be very few banks left standing. I don't know how bad the problem is in NZ cause they are good at keeping joe public uneducated and in the dark, but in the states and europe, the systems are on life support but are totally braindead, it's only a matter of time before the life support systems fail. If something is bankrupt, it is bankrupt, let it fail. The sooner the system finds it's true base the sooner we can start rebuilding it from a solid base. Also, I'm with Commbank in Aus, and ASB here, effectively the same bank, now every time I want to transfer money between those accounts they charge me fucking $22 the wankers. That's just to change a fucking number on two accounts. And they are still haemorrhaging like anything. Retarded.

More bullshit.

How long did they have to hold the gun at your head to make you bank with those two banks? If you don't like it, go elsewhere.

As for the financial meltdown - The CBA is one of the most solvent banks in the world (in fact all the Aussie banks are rated very highly). This fact has been reported on several times in the general media in the las week alone.

So it isn't Joe Public that's undereducated, it's just you.

[vtec]

If you don't like it - don't fucking buy it.
It isn't compulsory in this country.
As for tax payers bailing them out: NZ taxpayers haven't paid a bean to an insurer or bank.

The worst thing about this country (and that's not that much wrong with it), is the whiners.

I don't buy it, but it absolves criminals of and moral implications, thus increasing the crime rate and increasing the need to get it or get shafted. I think the worst thing about this country is the number of people who keep their head buried in the ground while shit gets worse and worse.

[Oscar]

I don't buy it, but it absolves criminals of and moral implications, thus increasing the crime rate and increasing the need to get it or get shafted. I think the worst thing about this country is the number of people who keep their head buried in the ground while shit gets worse and worse.

Criminals?
How does insurance absolve criminal behaviour?
What on earth are you on about?

[vtec]

More bullshit.

How long did they have to hold the gun at your head to make you bank with those two banks? If you don't like it, go elsewhere.

As for the financial meltdown - The CBA is one of the most solvent banks in the world (in fact all the Aussie banks are rated very highly). This fact has been reported on several times in the general media in the las week alone.

So it isn't Joe Public that's undereducated, it's just you.

Hey I didn't say all banks, I said most were insolvent, I think ASB and Commbank are a couple of the safest that's why I'm with them. However nearly all banks extract lots of fees for pathetic reasons to fund their excesses. I'm still waiting to see how well Kiwibank is run, and considering credit unions aswell, but the functionality of ASB is an advantage. The reason why I'm with them... I've been with them since I was 5, they came to my school to sell their wares. And I've only just started to realise the evils of our current banking systems through reading... and reading, and reading. And only recently have I been using more of the banks functionalities because I've swapped between countries and am heading off again soon.

General media = Head + Sand. Sorry, but they only report anything about the economy long after the horse has bolted. They even blatantly talk about trying to maintain the public confidence... ie. keep YOU in the dark, so people in the know can make or save money before you. The government does the same thing. Only report a recession long after it has happened. I'll go find a graph that is very easy to understand and will show you how long ago many people knew this was happening and yet your beloved general media were another 18 months behind.

Edit again: The graph I've attached shows the ASX200 it started to collapse back in 2007. That was when everything was starting to collapse, yet your mainstream media was only reporting economic issues in late 2008. That means that people were knowledgeable and informed about the problems in banking and insurance and the property bubble way back then, and your mainstream media either had no idea, or didn't want to alarm you, or were purposely keeping you in the dark so that they could keep their friends in the winning seats.

The best sources for information for me have been marketoracle.org, and www.larouchepac.com - I learnt from them in person in Melbourne about the insolvency of the banking system back in early 08. They said the system had passed the point of no return in 2007. I didn't know how much to believe back then, enough to keep all my money in cash at that stage.

[Brian d marge]

I put the document up ,because I get tired listening to people expound ideals which are proven , not once but twice in only a few years ,to fail,,,,, ( the current buzz word is Keynesian economics ....but wasn't it market forces ??? )

It gets me riled, when a country the size of New Zealand , with only 4 million people , struggles to feed itself We have all the stuff required to provide a very good standard of living for most people ... and we fail. ( yes, I said " we " I still spend a lot of time trying to get the overpaid idiots in the beehive to stop dipping in to the stupid sauce )

Poverty is the real issue in NZ , all the other stuff we read about stems from poverty , I am not exactly rich here in Japan, but I only work 5 hours a day ,,, more if i feel like it ,, I am at home today with both kids ,,, they get both parents ,,, LOTS of quality time ... I couldn't be happier about that ... ( well I will be when I get my I phone tomorrow ! )

we dont have debt , we can afford to go out when we feel like it , I can play around with bikes ( ok thhe business pays for some of that ) ..... and I have super fast broad band , and some of the wierdest Pron on this planet !

I dont want to work over 40 hours a week only to spend more than 60 % in rent / morgage ,,,, then overly priced food etc ..... .


So I put my line in the sand . thats the history of how NZ changed , Who changed it and some EASY things people can do to fix it . ..In the future I will refer to it ,



Stephen

[Jeaves]

Nice post's vtec.

More bullshit.

How long did they have to hold the gun at your head to make you bank with those two banks? If you don't like it, go elsewhere.

Just curious , which banks could he try that wont charge for an international transfer?

[Brian d marge]

Mate, you are looking back at the early eighties through rose tinted spectocacles.

no. I have it here in another country .

Stephen

[vtec]

Criminals?
How does insurance absolve criminal behaviour?
What on earth are you on about?

Ok I'll spell it out for you. Lets say your car is stolen, whats the first question you get asked by your neighbour, the police, etc. Was it insured. Now, the police don't care about your car getting stolen for several reasons. It's not going to make them any revenue if they find it. Next reason, if it is insured, they see it as no harm done, and again no revenue for them. Now your neighbour, if it is insured... no harm done, if it isn't you're a fucking retard for not insuring your car. Now nowhere in there is there any thought or care or attempt to recover said car. It just doesn't happen these days, because there are too many. And the criminal himself thinks...(that is if he has a conscience left after the P abuse) it's Ok they will have had insurance, and if you don't you're a retard. It has encouraged and fostered burglaries and car thefts and the lack of care on the behalf of the police, and your fellow citizens. It also removes a lot of the care about how people drive their vehicles.

I don't insure, I just make sure I don't hit anything on the road, I'm lucky, my outlet is the track at which I'm not insured either.

Oh and even the NZ government had your money invested in credit derivatives through the hedge funds etc that it invested billions of your money overseas. To date it has already realised billions in losses. Pretty sure it was mostly from the labour government reign.

And Jeaves, I'm not looking for a free transfer, just the transfer charge should be on an order of magnitude less than it is. Not to mention you have to pay more than the going rate to the bank for the transfer, and they buy it off someone else at less than the going rate... They win everywhere by lots. They are thieves.

[Jeaves]

I agree vtec , my post was more less trying to imply that you'd be shafted no matter who ya go with. ( One would assume most bank fees hover around the same price) So was genuinely asking if there was an alternative bank.

[vtec]

I agree vtec , my post was more less trying to imply that you'd be shafted no matter who ya go with. ( One would assume most bank fees hover around the same price) So was genuinely asking if there was an alternative bank.

Yeah just letting people know that I don't expect something for nothing. And you are right, the alternatives are all crap too, because the way the current capital systems are run they lead to monopoly/oligarchy which means that YOU get shafted. Currently the banks operate oligarchy's.

And with regard to the current Keynesian economics being meted out in Europe and the US, printing money works wonders. Just ask Mugabe or look at the German Weimar republic. hahahah. Printing money is just theft off the public by stealth, thankfully I don't think the NZ government is doing it... yet. The US is doing it, so all the dopes who are investing in US treasuries are going to get shafted when the USD collapses due to money printing and a stalled economy.

What am I invested in? The only thing left that's safe physical metal, specifically gold. It's pretty high, but when the USD fails Gold will go way higher.

[Brian d marge]

Acc doesn't need to be privatised , Just run correctly and some forms of payout need to be cut ,,,basic household budgeting , Strangely I agree with the current government cost cuttings , but you don't have to fire people just pay them a normal salary ...Why does Nick smith get 2 or 3 times the average salary ... its a shitty job I know ...but then haven't we all done such work?? for a lot less????? can people be distributed among other departments ............o

I am sure government department IF held accountable ( ie job / or monetary fines ) can be run in lean efficient manners ,,, especially in this day and age ...

Stephen

[Hitcher]

I assume you can read because I am not going to illustrate it ...

But, but, but, I have a Discovery Channel attention span...

[Oscar]

Nice post's vtec.



Just curious , which banks could he try that wont charge for an international transfer?

My bank charges a lot less than $22 for an international transfer.
Depending on which bank I used, I could get money in Yrup for NZ$0 -NZ$10.

[Oscar]

Ok I'll spell it out for you. Lets say your car is stolen, whats the first question you get asked by your neighbour, the police, etc. Was it insured. Now, the police don't care about your car getting stolen for several reasons. It's not going to make them any revenue if they find it. Next reason, if it is insured, they see it as no harm done, and again no revenue for them. Now your neighbour, if it is insured... no harm done, if it isn't you're a fucking retard for not insuring your car. Now nowhere in there is there any thought or care or attempt to recover said car. It just doesn't happen these days, because there are too many. And the criminal himself thinks...(that is if he has a conscience left after the P abuse) it's Ok they will have had insurance, and if you don't you're a retard. It has encouraged and fostered burglaries and car thefts and the lack of care on the behalf of the police, and your fellow citizens. It also removes a lot of the care about how people drive their vehicles.

I don't insure, I just make sure I don't hit anything on the road, I'm lucky, my outlet is the track at which I'm not insured either.

That's an awful lot of assumptions going on there.
Insurers and Police have a vested interest in recovering stolen vehicles, which is why both have specialist units set up to do it.

Notwithstanding that, what people think about the process (particularly the criminals) is not particularly relevant is it? And it's a huge stretch to say the system condones criminal behaviour - do you have one scintilla of proof?

Oh and even the NZ government had your money invested in credit derivatives through the hedge funds etc that it invested billions of your money overseas. To date it has already realised billions in losses. Pretty sure it was mostly from the labour government reign.

Wrong again.
It has realised no losses at all.
It has suffered a drop in value, based on the market, but there is no loss until these investments are actually sold.

Leaving aside that fundamental flaw in your argument, what funds are you talking about?
The NZ Govt is a net debtor, so any surpluses are used to retire old debt.
If you're refering to the ACC, EQC or NZ Super - see above, no loss until sold...

And Jeaves, I'm not looking for a free transfer, just the transfer charge should be on an order of magnitude less than it is. Not to mention you have to pay more than the going rate to the bank for the transfer, and they buy it off someone else at less than the going rate... They win everywhere by lots. They are thieves.

Why are they thieves?
Because you're stupid enough to pay?
Taking advantage of the feeble minded is not theft.
Find another bank and stop whining.

[Brian d marge]

But, but, but, I have a Discovery Channel attention span...

and I'm wearing my National heath specs , couldn't change the title of this thread for me .......

Stephen