Well, we tried to tell ’em. For some years we on the real right have been telling the fake right like John Key and Bill English, usurpers who have made the National Party a sub branch of Labour, to take steps to save NZ from the coming economic tsunami.
They haven’t listened, and now its far too late. When the tsunami arrives, NZ will be far more devastated than if English and Key had done what they should have done, ie closed off all leaks of taxpayer money, stopped borrowing millions a week to keep the public service going, stopped redistributing wealth that doesn’t really exist, stopped dolling out more money that doesn’t exist to tribalistic separatists, stopped picking “winners”, refused to participate in the Kyoto ETS scam, and a hundred other things that should have been done with the objective of reducing government spending by at least 75%.
Instead John “Mr. Popular” Key just smiled and Bill just waffled.
After the 2009 election of National, we saw the same old unnecessary ministries with the same old unnecessary budgets and the same old unnecessary bureaucrats, dragging this country down into the socialist gutter. Like Europe has been dragged down.
This election, no change.
So far, politicians in Europe have held 19 high-level emergency meetings in an attempt to solve their crisis. All of their efforts have failed. Right now, this is the situation in Europe-
-Most EU governments are drowning in toxic levels of debt
-Bond yields have risen dramatically this year and this has caused borrowing costs for most EU members to soar
-In an attempt to get debt under control, governments all over Europe are implementing brutal austerity measures and this is causing European economies to slow down substantially
-There is a tremendous lack of confidence in the European financial system at this point and this is causing a massive credit crunch
-The credit crunch is causing the money supply to drop significantly in almost every nation in the EU
-Major banks all over Europe are massively overleveraged and are on the verge of failing
This is all so similar to what occurred back during the early 1930s. Brace yourselves readers, change is on its way.
Financial Panic Sweeps Europe As The Head Of The IMF Warns Of A “1930s Depression”
TrueblueNZ 
6 responses to “The World on The verge of Another Great Depression? – (Too late for Key and English?)”
Sobering reading, Red.
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Here the AU$ parity with the US$ means buy what you need now.
How cheap is US gear when it’s $ for $.
Loomis fishing rods we used to buy for AU$1200 are now AU$ 850.
I worry about Kiwis being able to buy gold bullion coins and silver and avoiding a mark up beyond 6%.
From my long experience in Godz-own, no-one rips a Kiwi off like another Kiwi.
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unexpected developments. unforseeable circumstances. forecasts were good at the time. at the mercy of developments overseas. basically sound. this is no time to turn our backs on the disadvantaged.
blah blah blah.
This government will do anything–up to and including seizing private pensions–in order to keep paying protection money to the ferals, and to keep their power base intact while they loot the productive.
The NZ economy could collapse all around them but if any Kiwi thinks the pain will be shared equally then they’re very naive. The architects of this situation will walk away very comfortably off.
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Just one bunch of incompetents replacing another, using our money to secure their (rather lavish) income/pension, deflating our wealth (quantative easing) to hide their fiscal cluelessness, doing the same old failed thing again and again and again……… and expecting a different outcome.
All one needs is to be reasonably good looking, be a reasonable speaker, promise whatever the latest poll says the masses want, (and not be Bush) and you have your future secure. Forget honesty and integrity, and ability.
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Do check out the book “The Return of the Great Depression”. I’ve been following Vox Day’s blog for a while. It’s sobering stuff. He covers a wide variety of topics but check out his WND.com column for greater focus on just the important stuff. I don’t know a thing about economics but it’s fascinating to realise how the Keynesians are in charge: not because they’re right, but because they’re the ones who offer the politicians excuses to spend more money. It’s brought the world to this. There are dozens of economists that predicted what has happened but naturally they’re not the ones with a seat at the table of power. Thanks to political class pragmatism, being top dog in your profession is no guarantee against being dead wrong.
Day pointed out once that Paul Krugman’s inspiration for becoming an economist was in Asimov’s concept of psychohistory. No surprise as Keynesianism seems to be central planning utopianism applied to economics. Thomas Sowell’s another who destroys that fantasy, by pointing out that reality is far more complicated than central planners and “experts” can ever get their heads around. Unfortunately, as we see, when they fail the results can affect everybody.
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Hard rain, she’s a-coming.
Went to an Xmas lunch yesterday and sat across the table from a woman who touts herself as a company director and professional business adviser. It was delightful to hear that she’s borrowed to the maximum in order to [wait for it] live in a brand new house on a so-called “lifestyle block” out in the countryside. Not a productive asset, but a raw bleeding hole in the wallet.
People such as this one [and there are thousands of them] just don’t get “it”.
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