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Thursday, January 29, 2009

Farmers not happy


Unemployment could exceed 7pc
New Zealand's unemployment rate could skyrocket past 7 percent as the world recession bites, with little the Reserve Bank can do this morning to mitigate the distress that households will face.
Kiwis will be increasingly at the mercy of an economic whirlwind this year that has severely damaged Northern Hemisphere countries despite central bank rate cuts there. The wider economy yesterday took a $3.1 billion king hit through global dairy giant Fonterra's reduced forecast payout of $5.10 a kilogram of milksolids, well below last year's record payout of $7.90.

I’m picking that the unemployment rate is going to be much higher than 7% because it will be exacerbated by an influx of Kiwis from Australia as that country goes through its own an economic and environmental meltdown. Economically NZ is about to get pounded, my co-blogger has been pointing out that if we drop our interest rates any further then it could lead to a run on our currency as the global economy flees from our market, especially with the massive level of debt we are carrying this could be crippling and I think all the flag waving for an interest rates cut seems remarkably shortsighted. The impact of the reduced Dairy payout will have negative effects to the environment as Farmers increase the amount of cows on their farms trying to lift productivity, so the insidious damage dairy farming vomits out on the environment will actually become much more intense.

3 Comments:

At 29/1/09 11:34 am, Anonymous Samclemenz said...

Oh but gee Bomber, It's all for the money - which is FAR more important than anything else in the social humanitarian department isn't it??? I mean, if I've got mine who gives a shit about you anyway? Remember - GREED is GOOD?

Welcome to Global economy 101.0 and the rise by economic force of the NWO have's - over the have not's!

I'm tired of this shit. It's time to Co-op with the neighbours and share between ourselves and let the Corporate Farmers take a flying fuck at a rolling donut!

AS long as returns take presidence over social repsonsibility and the environment we need to keep our hands in our pockets and start working at a grass roots level to combat this rubbish, or the consequences are going to be a worsening of the conditions we are already seeing!

 
At 29/1/09 1:40 pm, Anonymous Anonymous said...

theyv been raping us with dairy prices and now they want us to feel sorry for them?! personally i cant be fucked crying because they cant buy this years holden ute

 
At 30/1/09 12:17 pm, Anonymous Anonymous said...

I'm tired of this shit. It's time to Co-op with the neighbours and share between ourselves and let the Corporate Farmers take a flying fuck at a rolling donut!

thats right sam, the %90 of nz who live in urban areas should set up co-op's.

Tell you what sam, why don't you stop eating meat and dairy products, then you can tell farmers to fuck off.
While you eat their produce, you pay what they charge.

 

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