don't for get to quote your source morons- media whores co nz. where all the truth lies.

As Key correctly and worryingly points out , we owe more Overseas, per capita , than other countries . But under National it got worse . The big 4 private banks were already borrowing about 40% of their funds offshore -largely forced to by Reserve Bank policy - but Kiwibank was all locally funded. Now under Nats they are borrowing 40% offshore too , and merging operations with American giant GE Money ( division of General Electric ) . English has said before, they planned to sell it "eventually" ( along with NZ Post ) but due to public fright are now just selling shares. Bollard's high base Interest rate ( OCR ) up to 2008 was a big cause of the current problem . That simply encourages foreign lenders and investors in and drove up house and farm prices while raising our dollar value ....hurting our exporters . Only our Ag-Primary exports are saving us....for the moment. We are an attractive country to buy up , but we don't need that foreign capital. Reserve, Treasury and the NAT cabinet all follow the terrible IMF Neo-Liberal theories ( first introduced for them here by R Douglas and co in the 80's ) . Everyone is placed in debt, Everything is internationalised , all money treated as a stable commodity ( it isn't ) and nearly everything sold off into private hands . Current GDP is 180-190 billion - much of it useless - while overeas revenue ( profits and dividends ) is 13-15 billion, P.A. . The idea is to wreck an economy and make it a poor slave of a world system . The mega-bankers are trying to create a world money and trade monopoly...then a world Gov . The IMF has already said it wants to be the new world reserve bank and introduce a new world currency . Emmissions trading schemes are part of that, placing folks hopelessly into confused debt while the banks and traders ( incl Al Gore ) make a fortune from lending to buy 'carbon', and their commissions on selling Carbon Credits.....and the Carbon Unit actually would become a de-facto World Currency .

Very Interesting.....raises some really good questions - well done that woman . I didn't know We were borrowing that much from BankOfAmerica but it doesn't surprise me at all because looking at the BIS Basel Accord regulations , it's clearly set up so that the really big banks that are able to lend to foreign governments are hugely favoured . They will profit from all this foreign debt that is happening all over , and the US mega - banks have the best option since it's their central bank - The Fed - that is creating most of the new money - called Quantative Easing . The USA banks get the new money at little or no Interest and then can - and have - lent it back to the US Gov via buying bonds ( all at profit ) or they can lend it to foreign countries that are good risks ( we are ) at higher interest rates. BOA was a really big winner from the GlobalFinancialCrash and that was guarranteed by the 'bank rearrangement ' done by Treasury Sec Henry Paulson under the TARP program . He effectively decided who would gain and who would crash out - among the banks . A similar thing was done in 1933 in the 'bank holiday' after the mega-banks - that 'own' the US Gov - set up the Great Depression . Paulson is ex Goldman Sachs....like most of Obama's treasury people. Goldman's gave him a million $ for campaign. Key clearly believes in the sovereignty of the US / International finance system and has acted in its interests from the outset . He even favours a US style Futures Exchange ( Forex ) here and promotes all the Neo-Lib program of the Big Bankers and their front - the IMF . That includes more debt, more privatisation and asset sales . English seems to just do whatever IMF says, borrows heavily ( after Cullen paid down public/Gov debt ) . If elected, Nat cabinet will do big asset sales - incl ACC - on the basis that we have to reduce our needless debt. Key lies , and has been caught out before asking questions in parliament about Kiwirail - when he had shares in it.

To Moderator - Note - I only tried to post twice , so the rest of them could/should be deleted , including this one - except for the last and the 2nd last postings. Might be a software issue ? Bob

As The Prophet discovered - the Money Changers had invaded the Temple . We even elected one for PM . Key rose to be European boss of Merchant Bank Merryl Lynch ( with its famous Bull statue on Wall St ) and later I think became head of its Global foreign exchange dealings . That's Key's main expertise , having attacked the NZ dollar in the eighties, and he later was put on the board of the US Fed's Foreign Exchange unit , along with shady dealer Lloyd Blankfein - now boss of Goldman Sachs . That bank chiefly drove derivative trading ( mainly Securitisation such as bundled mortgages, and the CDS's - Credit Default Swaps used to insure this type of trading, then speculate more ). All leading to the engineered GFC .....by which time Paulson was in the role of USA Treasurer , and in position to re-engineer the banking situation ( under TARP ) , with 'power of God' over who rose or fell . Some were left to crash or sent down - including gigantic Lehman Bros , even though it was co-operative , well run and could easily have been saved . But it was heavily interlocked world wide, and I believe it was crashed to cause maximum world damage . Biggest US winners, apart from the Obvious Goldman and JP Morgan Chase ( Rockefeller owned ) have been BOA and Wells Fargo bank. BOA had bought Merryl Lynch early in the crash , but I wouldn't be surprised if Key bought more shares ? He's worth about 50 million and likes to use the sharemarket - is a speculator by nature. Main problem is that the world economy - incl NZ - has been dominated by Merchant Banks for centuries and they set up the disastrous systems we work under . The 2 main points to it all are Compounding Interest ( putting banks in charge ) and Speculation ( eg via stock exchanges ) . All this can be - and is - manipulated. In NZ we should go onto Public Banking - as we largely used to be - control our own money supply and fix our exchange rate . That prevents currency attack , especially as a strong Ag economy.

As The Prophet discovered - the Money Changers had invaded the Temple . We even elected one for PM . Key rose to be European boss of Merchant Bank Merryl Lynch ( with its famous Bull statue on Wall St ) and later I think became head of its Global foreign exchange dealings . That's Key's main expertise , having attacked the NZ dollar in the eighties, and he later was put on the board of the US Fed's Foreign Exchange unit , along with shady dealer Lloyd Blankfein - now boss of Goldman Sachs . That bank chiefly drove derivative trading ( mainly Securitisation such as bundled mortgages, and the CDS's - Credit Default Swaps used to insure this type of trading, then speculate more ). All leading to the engineered GFC .....by which time Paulson was in the role of USA Treasurer , and in position to re-engineer the banking situation ( under TARP ) , with 'power of God' over who rose or fell . Some were left to crash or sent down - including gigantic Lehman Bros , even though it was co-operative , well run and could easily have been saved . But it was heavily interlocked world wide, and I believe it was crashed to cause maximum world damage . Biggest US winners, apart from the Obvious Goldman and JP Morgan Chase ( Rockefeller owned ) have been BOA and Wells Fargo bank. BOA had bought Merryl Lynch early in the crash , but I wouldn't be surprised if Key bought more shares ? He's worth about 50 million and likes to use the sharemarket - is a speculator by nature. Main problem is that the world economy - incl NZ - has been dominated by Merchant Banks for centuries and they set up the disastrous systems we work under . The 2 main points to it all are Compounding Interest ( putting banks in charge ) and Speculation ( eg via stock exchanges ) . All this can be - and is - manipulated. In NZ we should go onto Public Banking - as we largely used to be - control our own money supply and fix our exchange rate . That prevents currency attack , especially as a strong Ag economy.

As The Prophet discovered - the Money Changers had invaded the Temple . We even elected one for PM . Key rose to be European boss of Merchant Bank Merryl Lynch ( with its famous Bull statue on Wall St ) and later I think became head of its Global foreign exchange dealings . That's Key's main expertise , having attacked the NZ dollar in the eighties, and he later was put on the board of the US Fed's Foreign Exchange unit , along with shady dealer Lloyd Blankfein - now boss of Goldman Sachs . That bank chiefly drove derivative trading ( mainly Securitisation such as bundled mortgages, and the CDS's - Credit Default Swaps used to insure this type of trading, then speculate more ). All leading to the engineered GFC .....by which time Paulson was in the role of USA Treasurer , and in position to re-engineer the banking situation ( under TARP ) , with 'power of God' over who rose or fell . Some were left to crash or sent down - including gigantic Lehman Bros , even though it was co-operative , well run and could easily have been saved . But it was heavily interlocked world wide, and I believe it was crashed to cause maximum world damage . Biggest US winners, apart from the Obvious Goldman and JP Morgan Chase ( Rockefeller owned ) have been BOA and Wells Fargo bank. BOA had bought Merryl Lynch early in the crash , but I wouldn't be surprised if Key bought more shares ? He's worth about 50 million and likes to use the sharemarket - is a speculator by nature. Main problem is that the world economy - incl NZ - has been dominated by Merchant Banks for centuries and they set up the disastrous systems we work under . The 2 main points to it all are Compounding Interest ( putting banks in charge ) and Speculation ( eg via stock exchanges ) . All this can be - and is - manipulated. In NZ we should go onto Public Banking - as we largely used to be - control our own money supply and fix our exchange rate . That prevents currency attack , especially as a strong Ag economy.

As The Prophet discovered - the Money Changers had invaded the Temple . We even elected one for PM . Key rose to be European boss of Merchant Bank Merryl Lynch ( with its famous Bull statue on Wall St ) and later I think became head of its Global foreign exchange dealings . That's Key's main expertise , having attacked the NZ dollar in the eighties, and he later was put on the board of the US Fed's Foreign Exchange unit , along with shady dealer Lloyd Blankfein - now boss of Goldman Sachs . That bank chiefly drove derivative trading ( mainly Securitisation such as bundled mortgages, and the CDS's - Credit Default Swaps used to insure this type of trading, then speculate more ). All leading to the engineered GFC .....by which time Paulson was in the role of USA Treasurer , and in position to re-engineer the banking situation ( under TARP ) , with 'power of God' over who rose or fell . Some were left to crash or sent down - including gigantic Lehman Bros , even though it was co-operative , well run and could easily have been saved . But it was heavily interlocked world wide, and I believe it was crashed to cause maximum world damage . Biggest US winners, apart from the Obvious Goldman and JP Morgan Chase ( Rockefeller owned ) have been BOA and Wells Fargo bank. BOA had bought Merryl Lynch early in the crash , but I wouldn't be surprised if Key bought more shares ? He's worth about 50 million and likes to use the sharemarket - is a speculator by nature. Main problem is that the world economy - incl NZ - has been dominated by Merchant Banks for centuries and they set up the disastrous systems we work under . The 2 main points to it all are Compounding Interest ( putting banks in charge ) and Speculation ( eg via stock exchanges ) . All this can be - and is - manipulated. In NZ we should go onto Public Banking - as we largely used to be - control our own money supply and fix our exchange rate . That prevents currency attack , especially as a strong Ag economy.

As The Prophet discovered - the Money Changers had invaded the Temple . We even elected one for PM . Key rose to be European boss of Merchant Bank Merryl Lynch ( with its famous Bull statue on Wall St ) and later I think became head of its Global foreign exchange dealings . That's Key's main expertise , having attacked the NZ dollar in the eighties, and he later was put on the board of the US Fed's Foreign Exchange unit , along with shady dealer Lloyd Blankfein - now boss of Goldman Sachs . That bank chiefly drove derivative trading ( mainly Securitisation such as bundled mortgages, and the CDS's - Credit Default Swaps used to insure this type of trading, then speculate more ). All leading to the engineered GFC .....by which time Paulson was in the role of USA Treasurer , and in position to re-engineer the banking situation ( under TARP ) , with 'power of God' over who rose or fell . Some were left to crash or sent down - including gigantic Lehman Bros , even though it was co-operative , well run and could easily have been saved . But it was heavily interlocked world wide, and I believe it was crashed to cause maximum world damage . Biggest US winners, apart from the Obvious Goldman and JP Morgan Chase ( Rockefeller owned ) have been BOA and Wells Fargo bank. BOA had bought Merryl Lynch early in the crash , but I wouldn't be surprised if Key bought more shares ? He's worth about 50 million and likes to use the sharemarket - is a speculator by nature. Main problem is that the world economy - incl NZ - has been dominated by Merchant Banks for centuries and they set up the disastrous systems we work under . The 2 main points to it all are Compounding Interest ( putting banks in charge ) and Speculation ( eg via stock exchanges ) . All this can be - and is - manipulated. In NZ we should go onto Public Banking - as we largely used to be - control our own money supply and fix our exchange rate . That prevents currency attack , especially as a strong Ag economy.

Very Interesting.....raises some really good questions - well done that woman . I didn't know We were borrowing that much from BankOfAmerica but it doesn't surprise me at all because looking at the BIS Basel Accord regulations , it's clearly set up so that the really big banks that are able to lend to foreign governments are hugely favoured . They will profit from all this foreign debt that is happening all over , and the US mega - banks have the best option since it's their central bank - The Fed - that is creating most of the new money - called Quantative Easing . The USA banks get the new money at little or no Interest and then can - and have - lent it back to the US Gov via buying bonds ( all at profit ) or they can lend it to foreign countries that are good risks ( we are ) at higher interest rates. BOA was a really big winner from the GlobalFinancialCrash and that was guarranteed by the 'bank rearrangement ' done by Treasury Sec Henry Paulson under the TARP program . He effectively decided who would gain and who would crash out - among the banks . A similar thing was done in 1933 in the 'bank holiday' after the mega-banks - that 'own' the US Gov - set up the Great Depression . Paulson is ex Goldman Sachs....like most of Obama's treasury people. Goldman's gave him a million $ for campaign. Key clearly believes in the sovereignty of the US / International finance system and has acted in its interests from the outset . He even favours a US style Futures Exchange ( Forex ) here and promotes all the Neo-Lib program of the Big Bankers and their front - the IMF . That includes more debt, more privatisation and asset sales . English seems to just do whatever IMF says, borrows heavily ( after Cullen paid down public/Gov debt ) . If elected, Nat cabinet will do big asset sales - incl ACC - on the basis that we have to reduce our needless debt. Key lies , and has been caught out before asking questions in parliament about Kiwirail - when he had shares in it.