National just realize that there might be an economic meltdown
Key calls surprise recession summit
The Prime Minister has summoned senior ministers to a Beehive summit on the state of the economy this week. The move comes as the Government considers new plans to counter the expected worsening downturn and tries to stifle criticism that it is sitting on its hands. The Thursday afternoon session will bring together John Key and five ministers with finance, infrastructure, economic development, commerce, state services and transport portfolio responsibilities. It is being held the day after the Prime Minister returns from his holiday in Hawaii.
Someone has apparently been reading the newspaper in John Key’s camp (probably Murray McCully praying Israel hasn’t butchered too many more Palestinians so he won’t have to risk his Israeli wine collection by having to criticize them) and has just realized that there is an economic tsunami heading our way with the ripples of the massive economic meltdown starting to loom. Fran O’sullivan, the doyenne of the right, has criticised the National Party for sitting on their hands regarding the economic crises and it does seem John has been at his holiday home in Hawaii a wee bit too long hoping to bump into Obama for a photo op, as the Herald of all people noted yesterday - National’s 100 days of action were really only 72 when you took their summer holidays into account. The fear on the left has always been that National would use the threat of a crises to force through a radical cost cutting agenda and implement things like TABOR to strangle public spending forever, well John Key has his crises and we’ve already seen in their first 2 weeks National and ACT pack rape the select committee process in an abuse of the power of urgency that you would need to go back to 1998 to match, so the precedent of anti-democratic procedure has already been adopted and I’m not sure the Herald goading National into more of that behaviour is such a smart move.
Defending the summer break during a global economic meltdown last week: "In the absence of a bank collapsing or whatever, what would we do?"
Responding to mounting criticism yesterday: "We recognise more will need to be done to help address the challenges New Zealand faces."
Tumeke! You can’t make this stuff up!
posted by Bomber @ 7:05 am
9 comments
9 Comments:
Capatalism has been exposed as a huge failure,some people have always known that it is ,and as for the government,most people know that it is full of overpaid clowns and now there is a real crisis on the way they will be exposed as failures as well.
Good luck NZ,keep glued to your 50inch plasma screens for more updates.
Capatalism has been exposed as a huge failure
Yes, quite right: All over the world people of all nations have stopped trading goods and services for money and gone back to bartering, they have all waived their property rights and embraced socialism. R.I.P. Capitalism.
What a shame Labour didn't get back in, I was so looking forward to their December mini budget where they had just the "shocking discovery" that ACC was $2billion in the cack and that they were going to to have to rort tax payers even more in these dark economic times.
Really?
Key has been saying that it's going to be worse than everyone thinks for months now.
Seriously where do you get you information from, a credible source or do you just make it up?
From the mouth of bomber's new daddy dated 8th of October.
http://www.johnkey.co.nz/index.php?/archives/557-SPEECH-Security-and-Growth-Nationals-Economic-Plan.html
Capitalism and trade based on real capital is fine and necessary for the exchange of goods and services, so we use money to trade with-it's the love of money and the associated greed that tends to cause problems. It's a matter of private central banks who issue the money supply, through this fractional reserve banking system, which creates systems of credit by private central banks who issue and loan credit to smaller banks and governments, and down the chain the credit/debt goes.
The circular dominance of Private Central Banks follows from loaning credit supply to governments, who are allowed to borrow beyond their means; cutting the credit supply when governments need to borrow more credit to service their debt or interest payments-and when governments are at the brink of credit-based financial ruin, they are forcibly coerced into privatizing the public-sector, resources and common-goods like water...then when the dust settles private central banks will open up their line of credit to governments and smaller banks again-and round it goes-again, all the while private central banks gain and drain obscene profits at the expense of everyday people-and that's the vast majority of us. Then there's all the stuff about monopoly, anti-competitive corporate behavior, The World Trade Organization, The World Bank and The International Monetary Fund and The United Nations, of which all tangible power is vested in the five permanent-member-State, Security Council (U.S,France,U.K,Russia,China)-This group of States go a long way in determining the functional or dysfunctional workings of The United Nations-But hey that's naked-power and power-politics...monetary-union anyone? Commemoration's to Sovereignty
Capitalism and trade based on real capital is fine and necessary for the exchange of goods and services, so we use money to trade with
Thank you. It is nice to see that acknowledged for once. Capitalism hasn't failed, it will be here for a long time to come, there is no viable alternative. It is very tiresome to hear uneducated idiots coming out with the "dstroy Capitalsm" mantra based on their ill informed view that capitalism (like "facism") = A Very Bad Thing/Anything I Don't Particularly Like.
It is as ridiculous as dumb people on the right shreiking "Communist!" and "political correctness gone mad!" every time they are confronted with a concept or opinion they don't like.
Yes, let's implement communism.
Lets insure civil-society survives the fallout.
Tumeke! You can’t make this stuff up!
You don't seem to have too much trouble. If National was in Wellington, woking on the economic crisis you'd be throwing the hugest paddy, squealing that National were just implementing their secret, hidden agenda while the rest of NZ was to busy at the beach to notice that democracy and life itself as we know was being subverted by the shady tentacles of the fish and chip club. Or something.
You don't seem to have too much trouble. If National was in Wellington, woking on the economic crisis you'd be throwing the hugest paddy, squealing that National were just implementing their secret, hidden agenda while the rest of NZ was to busy at the beach to notice that democracy and life itself as we know was being subverted by the shady tentacles of the fish and chip club. Or something.
Hold on - those two quotes were from the Herald and it was the Herald of all pro-National papers who were making the criticism - how does my pointing out the delicious irony that such a barbed and clearly proven point went to the bone and National were forced to look busy - all made by such an advocate of the Government, how does my laughing and saying you couldn't make this up lead to some personal attack on me Anon - the Herald made the point not me, starting to feel some bitter buyers remorse after voting for change but then realizing you weren't all that sure what the change was to? They are pretty disappointing huh, after screaming at Labour about the abuse of power for 9 years, what do National do in their first two weeks, pack rape the select committee process with a misuse of legislative power that you would need to go back to 1998, interestingly the last time National were in power. Chin up, you get to vote them out in 2 years and 9months.
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