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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: May 23rd, 2015 - 13:31:09

Newsletters : Current Newsletters : 18 May 2015
Thought for the Day

As I may have mentioned in introducing some of the articles included in this newsletter it is quite clear now to me that Central Bankers are following an incorrect model of the economy. The concept seems to be that the economy is a gently rotating event with money circulating in one direction and goods and services rotating in the other. All nicely balanced (most of the time) and all it takes to make a superior economy is for Central Bankers to gently adjust the money levers of power. Cheapen the price of money and the economy booms make it more expensive and the economy cools down a bit.

The theory is that with proper advice from economists and help from the politicians we are creating wealth much faster than we otherwise would and that all the population is better off as a result.

Naturally I have a look at this proposition with a rather jaundiced eye. In more recent years my suspicions have been hardened by my observation of the actions of the BIG Bankers and the BIG Crony Capitalists of EU US UK. They and their hangers on have grown filthy rich by manipulating the system while the general middle class has grown poorer. Fifty years ago an average worker in New Zealand could support a wife and two or three children on the average wage. Nowadays the average worker earning the average wage has no show of living at the same standard. He certainly can't save up anything like a reasonable deposit for a house. Fifty years ago it was taken for granted that everyone could save up and buy a house - AND WE ALL DID.

We have this gently rotating model because it suits the BIG Bankers. They pay the wages of the economists who feel (even unconsciously) that they should provide evidence that supports this thesis. In America this access to large amounts of money at favourable rates has allowed the BIG Bankers to support and finance the BIG Global Corporations and also the Military-Industrial Complex that Presidents Eisenhower and Reagan warned the world about. This money also allows the BIG Bankers to provide funds to American politicians that are sympathetic to their cause. The quid pro quo is that the politicians will pass legislation that suits the BIG Bankers.

As Rothschild senior said, "Allow me to control a nation's money and I care not who makes the laws."

They knew what they were doing.

So we are stuck with this economic model that everyone thinks is working fine without realising that behind the smoke and mirrors the wealth of nations is slowly and steadily filtering up to the Bankers and the Crony Capitalists. You will notice that over recent times the pliable politicians who use their political power to provide for the Cronies get offered amazing jobs at huge salaries when they leave politics. As evidence I look at Tony Blair. The amounts are so large and the story so bad that we will very soon see a film of the whole story. The wealth accumulated recently by the Clintons in America is another case in point.

Applying scientific methods to any subject brings out the truth. This is why science became so wonderful at producing such plenty for us all. We learned the truth and applied it to making our lives better in many many ways. Truth is defined in the dictionary as, "that which is in accordance with reality".

Science keeps us grounded in reality and we then can "Know the truth".

Science says that when a theory produces results at variance to predictions then the theory is wrong and must be discarded. How foolish it is for someone to keep on believing that which has been PROVEN to be wrong. Especially when it concerns the livelihoods of all New Zealanders.

BUT the theory that Central Bankers have believed in for all these years has been proven wrong. Allan Bollard was totally caught by surprise when the Great Financial Crash occurred in 2008. He said so in his book. Did they cast the theory out into the dustbin of history?

No.

They are still following the same theory.

The world money system will fail again and I am sure that Central Bankers will all be surprised! Or at least they will claim to be surprised.

They will claim that the system is working but we don't have enough of it. They will recommend shifting onto a world currency based on the IMF Special Drawing Rights. More smoke and mirrors and paper currency.

Don't believe me? They are already warming us up to it. They are calling it the NEW WORLD ORDER.

The real answer, of course, is to replace the current model with a new one. But the only one that will work for your benefit will do away with paper money and BIG Bankers.

The world meanwhile is changing, The Chinese and Russians, who know all this, are making their move.

This is why I search the net for information about their activities. It is becoming most interesting.


The way to understand all this and be able to protect yourself while this calamity plays out around us is to read my book. Click on the image shown and buy yourself a copy. Many people are buying more than one copy. They are concerned for their friends.


May 18, 2015, 11:12

Creating Wealth and Keeping it

The New book by Phil Scott, President of the Foundation for Economic Growth.

"This book is good, damn good and no statistics!" Lindsay Gordon, MA, MSC, PHD.

Every serious economics student should have a copy and read this ground-breaking foundation of clear economic thinking. Real Economics explains how human actions shape our world and why so much seems to be going wrong for Western economies. This book will bring enlightenment for the general reader who will see why a few very wealthy are becoming exceedingly rich and the middle classes are on the road to serfdom.

See more: www.realeconomics.co.nz