“Money money money, must be funny, in the rich man’s world.” So goes the old Abba song, but there has seldom been as much funny money afloat in western economies as when the climate scam became mainstream. The knack to… Read More ›
Economics
Australian gas shortages- Govt the problem not the solution
With gas supplies rapidly running out, the Sth Australian govt decides to build a gas powered station to address failing electricity supply. The power supply is failing because of the State Premiere’s insane obsession with renewables, and the mad myth of… Read More ›
Free Trade? Lets have the real thing
Trendy as hell to identify oneself as a supporter of Free Trade. (FT) Also trendy to disparage anyone who does not support it as some kind of extreme left authoritarian anti-free market throwback. Had a few exchanges with pain in… Read More ›
Sack McCully, English and the whole damn National Party
Should voters really be surprised to see the NZ National Party lining up with communist Venezuela, and puffing wind into the sails of the murderous hate driven Hamas organisation? New Zealand has been on the slippery slope for at least… Read More ›
The TPP, yet another political class con job on voters
I was going to hold off on commenting on the TPP until I had seen some parliamentary debate but I’m not sure when that’s going to happen so decided to plunge in. As with a number of other such agreements… Read More ›
It’s cronyism, not capitalism..!!
If there’s one thing that shows how crosswired the left are its how often they make the claim that NZ is on the road to hell because of the unbridled capitalism encouraged by John Key. According to the left, we’re… Read More ›
Govt greed for more and more tax signals economic failure
One of the memes currently being pushed by the progressive mainstream media is the idea that not enough tax is collected from corporations. So we have this enthusiastic witch hunt where companies and individuals are named and shamed as not… Read More ›
Vancouver- News on Chinese real estate purchases the NZ media is too gutless to confront
Here’s why I don’t like what’s going on in Auckland. 1) I value NZ culture and don’t want to see it used as a doormat by every other culture. 2) Its shows me that the NZ National Party don’t give… Read More ›
Greece’s collapse should send a shiver down the spine of every socialist
Greeks face the horror of closed banks as Thatcher’s day of reality finally arrives. They collectively voted for politicians who made each election an auction of other people’s money. And from the man in the street to the editorial writers… Read More ›
China’s restrictions on foreign property purchases
The Chinese government in 2010 passed laws limiting the purchase of commercial and residential real estate by foreigners. The idea of the regulations was to slow down real estate speculation and control inflation. The Wall Street Journal reports from Shanghai… Read More ›
Wake the hell up you mugs, you’re getting conned by experts
I’ve said on here often enough that I’m not buying the idea that National are good managers of the country’s finances. IMHO they’re just another bunch of smoke and mirrors socialist charlatans, and I have the feeling we’re very soon… Read More ›
National claims credit for “good economic management” but facts say otherwise
For four years at least Bill English has been promising to get the govt’s budget back into the black. However our debt has grown as each successive budget has failed to produce a surplus, and in this time I would… Read More ›
Exports fall for March continues five month decline
Some hard facts for the Key cheer squad to ponder- Statistics NZ reports that for the past five months, exports to China and Australia have both fallen, compared with the same month in the previous year. Falls in exports to… Read More ›
Australia at risk of losing AAA credit rating
The SMH reports that Australia, one of only 12 countries with an AAA credit rating, risks a ratings downgrade for the first time since 1989, United States investment bank Goldman Sachs has warned, saying the country could be hit with… Read More ›
Western govts still hooked on debt
Jeremy Warner writes an interesting article in the UK Telegraph on the global debt market. An excerpt- What makes today’s negative interest rate environment so worrying is this; to the extent that demand is growing at all in the world… Read More ›
Steven Joyce’s Ministry of Business out of control
After reading the Radio NZ report on the funding of this project by the Ministry of Business and I’m none the wiser as to why it received funding. What was the business case that swayed officals to give $180,000 of… Read More ›
Australian govt faces massive loss of revenue after iron ore price collapse
The iron ore price in 2011 was $180 per tonne. Today its around $US35 per tonne. This fall has wiped billions off the worth of two of Australia’s top mining magnates, Gina Rinehart and Andrew Forrest. Rinehart’s estimated worth has… Read More ›
John Armstrong- another spineless politically correct MSM wimp
John Armstrong has quite a good column in the NZ Herald today. I read it keenly, for I agree with a lot of what he says. He echoes criticism of the Key govt’s economic policy made here lately, and he… Read More ›
