holy ravioli

God,you must have a great supply of Kool Aid! My proof is in the body of my earlier post that you scorned.i.e the reality of international financial structure. Q.E meant there was a huge injection of funds chasing the most reliable store of value=Property. Exacerbated by the obsession with GDP and 'growth'...immigration numbers were ramped up and the effect of near zero interest rates to avoid complete collapse did the rest.Property inflation is not productive and when a vacant house earns more in a week than some poor bastard trying to house and feed his family you know something is rotten in the state of NZ. The young generation have been locked out of home ownership=a stake in society. Around 200,000 empty homes in NZ.40,000 in Auck alone. 23,000 people living in motels. All done in the best ..possible taste.

NZ becoming a 'tax haven'...money laundering centre was introduced by Jonkey Tonks National Govt. It benefitted his former lawyer and a handful of others in that space. To hell with NZ's international reputation. The Key Govt did what right wing Govts do....rob the poor to give to the rich. Privatise the common assets,defund public owned entities,demonise the lowest class on the modern feudal ladder and maintain gravy train old boy relationships.

Love to see your definition of Socialist,Capitalist,a Command economy...and free trade.

Too funny!The countries with the least regulation CAUSED the GFC.'When Wall St sneezes the rest of the world catches a cold'. Yes the collateral damage was only mass foreclosures for the working class in the U.S. The banksters continued to rack up rap sheets of fraud,money laundering,market rigging all the while maintaining their obscene bonus system which is justified by what! This 'blip' has lead to the ludicrous situation where an ordinary house in Auckland sells for $1million plus. It has lead to even more inequality. I guess you have bought the cliches...'trickle down theory'-'a rising tide lifts all boats'-too big to fail.

I don't believe I have at all.You should back your observations up.

Blame the Dutch where merchants began meeting in coffee shops to devise methods to extract profits from the exploitation of labour and resources.

Since the neo liberal mandate begun in the 80's with Reagan,Thatcher and Douglas here in NZ, the world has been enthralled with financial chicanery at the expense of real productivity. By offshoring manufacturing to China and with the repeal of the Glass Steagal Act by Clinton in 1999,Banks were de regulated and unleashed an orgy of financial instruments,derivatives ,CDO's,swaps,futures etc. By 2008 it all imploded with the GFC. The GFC was basically a stalemate where financial institutions had no trust,no faith in counter party dealings. Cue the entry of the U.S Govt/taxpayer to save these titan's of business acumen with what became know as Quantitative Easing. What was supposed to be a temporary measure until stability was restored became the lynchpin of federal reserve strategy. Where once millions were significant,it became billions and now trillions. A magic show of unpayable debt. 'If you spent $40 per second, around the clock, it would take you 289 days to exhaust a billion dollars. If you did the same thing with a trillion dollars, it would take you 792.5 years to go broke' When debt is Govt debt,it is really 'money' the Govt owes itself. The $U.S is the reserve currency for international commerce.So long as it retains this status there is little danger of any default,as the B.I.S,IMF,Swift system and World Bank are under their control to all intents and purposes. In NZ the Govt issues Treasury bills to the Reserve Bank who can buy or sell bonds to the big banks.They have been buying bonds/assets from the banks ,which increases liquidity in the financial markets. Unlike private debt which can be fatal,Govt debt is gilt edged as the Govt has the ability to tax and implement fiscal policy. It is a fascinating topic.One which not surprisingly is not deemed necessary to be part of basic education. Most people think banks act as an intermediary,taking deposits/paying investors interest and arranging loans to borrowers. The reality is that when someone receives a mortgage sum,the numbers are just digitally printed into an account.i.e the 'money' is created by loans. Physical Fiat currency is only about 3% of money supply. You can see why the economy is now totally reliant on the property ponzi scheme. Unearned,non productive passive income profiteering has superceded real ,honest goods and services. One day...the music will stop....but when!!

The underlying reason for this type of action is PR with the public at large.There is an ever increasing cohort of anti racing factions,animal cruelty etc that want to ban racing. Front footing allegations however spurious is a good antidote when the inevitable confrontation occurs.

Please tell me an industry that does not directly or indirectly get Govt funding?...cheers. p.s the common denominator is jobs....racing supposedly 40k+

At least he wasn't a finalist in the Skellerup Young Farmer of the Year that Bill English....wasn't!

Well I guess thats' a modest change from....'Labour did it...too'!

this is the provocation- ' Also being member of Labour Party helps! and mates with big Walkato breeders is most likely.

Well a number of politicians, have indicated along the lines of when you can help yourself ,we may be more inclined to come to the party. The code divisions,the partisan clubs and the old boy network nature of administration weigh down any progress. A slow,lingering demise is the future I'm afraid.Very interested to see if all weather tracks have any impact. As a punter I avoid them.

Can you please outline what exactly National have done for racing in the last 40 years?

Not so good when its caught at....silly point!

So you can't think of anything but deflection....very good.

Can you please outline what exactly National have done for racing in the last 40 years?

Chairman gets alot more. This extra gravy was introduced in the Guy Sargent era. Racing has been so lucrative for many administrators...are the overseas junkets still rolling?-Ascot,The Arc,Japan Cup?....a long list of 'visionaries and luminaries'!!

Heres one that fronts up in Sydney- 11 SexGelding Rating64 Group 1–Wins Career137-15-13-21Record Prize Money$772,550 Isorich 11 y.o.

Take a look at the win of the great Super Impose.....try and count how many times he was hit with the whip in the last 500m. Also never realised that Waverly Star was posted so wide the trip...fantastic run.

R6 @The Valley is interesting...Elephant,Rhinocerous and Buffalo River. Could be a safari suit...trifecta!

Great Aussie handle-'jockey Skye Bogenhuber '!

State of Rest an interesting runner. That and Verry Elegant are my main pics atm. Weather forecast ?-Be leaving Zaaki out.

Perfectly legitimate question.Thought someone may know. Ban me again if it upsets you that much. Life goes on.

Any news on the next start for this handy mare?