On Friday, 20 October 2017 14:00:04 UTC+13,
jmschri...@gmail.com wrote:
On Friday, October 20, 2017 at 8:27:15 AM UTC+13, JohnO wrote:
http://www.xe.com/currencycharts/?from=NZD&to=USD&view=1D
This is what an unstable government delivers - international lack of
confidence.
But music to the ears of exporters and the Reserve Bank Governor who, you too
easily forget, has said for longer than most can remember that the NZ$ has been way overvalued.
And inevitably you can look forward to prices of everything from petrol to
cellphones heading *up*.
Prices increase to meet cash available. It's called inflation, much of it
being driven by dumbfuck consumer credit-card abuse and the surrendering to foreign takeover of the country's wonky infrastructure and economy. This has led to a household debt/
income ratio that, as a direct result of Bill English's dilatory and self-serving behaviour, now stands at $170 dollars spent for every $100 of income gained.
Funding for mortgages comes mostly from overseas. Those mortgages are going
to be harder to pay back now.
Quite right. And no wonder; because for the last 9 years and more,
financially illiterate Kiwis (i.e. myopic, flightless creatures with their heads deep down rooting in the dirt) have been importing junk like lunatics and
speculating for unearned
personal gain rather than investing in-country to build a genuinely productive economy.
This, since you still don't get it, is **exactly** what JohnKey's "Brighter
Future" has been about all along, and he has prosecuted the lie and exploited the broken tax system with all the vigour and bullshit of a true spiv and con-man. The result is
sky high prices for rotted-out smelly clapboard shacks, household debt the like
of which has never before been seen, and persistent near-zero per-capita productivity stats mired in perpetual and irretrievable stagnation and stultification.
If you need to know why, then all too soon, in Parliament, you'll witness the
very personification and perpetrators of this same perpetual and irretrievable stagnation and stultification filling the Opposition's front benches. Raddled and corrupt and
years if not decades past their use-by dates, yet still smug and arrogant to a man as they recline blithely on their born-to-rule conceits[1} and pampered lifetime entitlements.
Welcome to the Winston government.
And you're welcome to it, too. After all, it's the only government you'll be
getting for the time being.
Oh, and just to keep you sweetly spoken and with, of course, never a word of
malice or rancour for which, only too grievously, you have never received your due recognition, I voted National on Sept 23 and, for good reason.
All of which inconvenient dose of reality warms the very cockles of your
cold, shrivelled heart, doesn't it, JohnBoy?
Well that's such a wandering, random, doddery rant, KeithBoy, it's hard to know
where to start.
But seeing you are particularly concerned, and doubtless personally very familiar, with stultification and stagnation, instead of worrying about the National benches you should look at the state of Labour's: Mallard, Curran, Mahuta, Little, Sepuloni,
Twyford, Woods etc. A pack of 3 term opposition unelectables with zero practical experience in management. Just think, all they've had to do for 9 years is make promises they have no idea how to deliver on. Now they have to...
it's going to be fun to
watch this slow motion train wreck unfold.
--- SoupGate-Win32 v1.05
* Origin: Agency HUB, Dunedin - New Zealand | Fido<>Usenet Gateway (3:770/3)