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| Last Updated: Aug 15th, 2008 - 11:26:43 |
Newsletters
:
2008 Newsletters
:
4 April 2008
Thought for the Day
Lord Rutherford said, "We haven't got the money, so we've got to think!"
New Zealand is fast approaching this state. It is time to THINK!
Apr 4, 2008, 14:19
Newsletters
:
2008 Newsletters
:
4 April 2008
Credit Default Swaps: A $50 Trillion Problem
As REAL economics tells us, "after the boom comes the bust" - and using paper money will produce "a crack up bust". Unfortunately we have no way of knowing when this event will occur.
Maybe the $50 trillion Credit Default Swaps problem will be the tipping point.
Apr 4, 2008, 13:54
Newsletters
:
2008 Newsletters
:
4 April 2008
Killing The Pampas's Golden Calf
Last week we mentioned politicians' proclivity for killing the golden goose of private enterprise. New Zealand is not the only country to suffer from this disease. Argintina was up the top of the world wide wealth scale with us in 1900 but dropped disastrously to around number 100 as the dictators' command and control economies worked their evil.
You will recall recent events where Argentina went bankrupt and has been subsequently rescued by the farmers. Well the politicians in Argentina, just like our socialist do-gooders in New Zealand, see the farmers just as a source of money and don't seem to understand that killing the goose makes us all poor.
Read what is happening in Argentina.
Apr 3, 2008, 10:37
Newsletters
:
2008 Newsletters
:
4 April 2008
Waiting for Armageddon
With even the staid old Economist using these terms we must begin to take the unwinding of debt positions very seriously. This is the bust which follows the boom. With trillions of dollars at stake with Credit Derivatives what will happen as they start to unwind? Can this not affect New Zealand? Will the proverbial "Japanese housewife" want her money back? All at once?
Paper money sure makes for interesting times!
Apr 2, 2008, 12:57
Newsletters
:
2008 Newsletters
:
4 April 2008
A Word From Fred Dagg
And now for a word from one of our more famous exports to Australia. I am indebted to one of our readers for this little gem:
[ Visit Website ]
Apr 1, 2008, 10:35
Newsletters
:
2008 Newsletters
:
4 April 2008
Kids – It’s Time To Come Home
That "vision" thing.
Labour under Helen and Michael had a vision for New Zealand of rising up the OECD wealth table to the top half. Their actions took us down to the bottom quarter.
The 1984 Labour government took over a battered and shrinking economy and created the open market economy. As you can see from our Home Page graph their efforts paid off with an increased standard of living for us all.
They campaigned in 1987 on the slogan of "we need to finish the job" - and were elected back in with an INCREASED majority. However when Sir Roger was out of the country Helen and Michael pursuaded David Lange to call a halt to progress and "have a cup of tea"!
We need an achievable vision from our leaders. Here is one from Sir Roger. Let us hope that our other leaders will work on their achievable "vision" thing - and tell us about it.
Mar 31, 2008, 11:59
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