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Contact:
Foundation for Economic Growth,
P.O. Box 10-282,
Wellington, N.Z.
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The Foundation for Economic Growth is a group of like-minded individuals who have decided to act rather than accept New Zealand's continuing poor economic performance. The Foundation is not affiliated with any political party. Add Your Comments here.

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Most recent update: Aug 20th, 2014 - 14:55:32

Newsletters : Current Newsletters : 18 August 2014
Thought for the Day

I am amazed at how much effort the Sunday morning TV (The Nation and Q+A) puts into 'Dirty Politics' by Hagar. I am sure that people involved in political argument get heated from time to time and might occasionally write intemperate emails forgetting that spies abound in the shrubbery and sly little hackers go trawling here and there on phishing trips looking for dirt to delight their comrades. This tells me much about Hagar and the blogger for the other side (Whale Oil) but nothing much about the people running our country.

But our news media delight in the muck-raking. They tell me that newspapers only publish what their readers want and in simple economic terms this is a straight-forward proposition. This 'lowest common denominator approach' is why I no longer buy the DomPost except for a short period prior to an election so that I can understand what the rest of my fellow citizens are thinking. I am not sure I am getting a good deal. More and more I suspect that the journalists promote their own prejudices rather than any careful and objective analysis.

I think that it is quite clear that we will need good sound leadership as the American dollar loses its control over the world and the BRICS form a competing money block. There is much instability to come. As Labour rackets around it shows the community at large that at the moment it is having very real difficulty in managing itself and in this condition it would make a very inadequate government during the coming crisis. When I look at its possible companions in power it is becoming quite clear that a Labour led government would not cope.

I suspect that the majority of the population agrees with me. That's a worry!

If New Zealanders succumb again to the siren call of more state control and easy money borrowed, printed and issued by the government we will be taking a fast track to the bottom of the slippery slope of debt slavery. A policy of 'tax the rich' and 'free money for the poor' leads us all into poverty. Wealthy people become scarce and poor people predominate.

We can only become wealthy as a nation if we have a nation of wealthy people. We will get this if we allow people to keep the fruits of their labour and dramatically reduce the size and cost of government. Big government means big spending and the wealth creators shrink in size and number.

Meanwhile, in the Real World, there is a massive array of articles by Real Journalists (and investors) who research their subject properly and draw interesting conclusions. I have been researching like this for 10 years now and I continue to follow those thinkers who manage to understand what is true in the world around them and from which they continue to provide an accurate picture of the future. One would think that this would winnow out the writers as they 'get it wrong' but in fact I discover more new writers each month and the number of Real Thinkers who write about Real Economics is expanding.

Many people will be prepared for the final crash.

Happy reading.


Aug 18, 2014, 11:53