Chief Stipe Posted September 6, 2023 Share Posted September 6, 2023 1 hour ago, holy ravioli said: Their defence that ...'its all because of...Labour '...will not cut it. Yet you saying "John Key did it" does? 1 hour ago, holy ravioli said: The Reserve Bank is trying to engineer higher unemployment and recession to reduce inflation. With a very limited toolset to achieve their targets which Borrow and Print Robertson further stuffed up with his QE memorandum. The ANZ said this morning that Labour flooding the market with Government Bonds is going to keep interest rates high and probably increase for longer than anticipated. Cost to the taxpayer in Government interest repayments is going tobe a lot higher than the $17m per day it is now. Fair call for the next Government to blame Labour for this mess! Quote Link to comment Share on other sites More sharing options...
holy ravioli Posted September 6, 2023 Share Posted September 6, 2023 9 minutes ago, Chief Stipe said: Yet you saying "John Key did it" does? With a very limited toolset to achieve their targets which Borrow and Print Robertson further stuffed up with his QE memorandum. The ANZ said this morning that Labour flooding the market with Government Bonds is going to keep interest rates high and probably increase for longer than anticipated. Cost to the taxpayer in Government interest repayments is going tobe a lot higher than the $17m per day it is now. Fair call for the next Government to blame Labour for this mess! The ANZ....(Chairman John Key)...very good.😁. The RB is independent. Govt looks after fiscal policy,RB monetary policy.Now you know.👍 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted September 6, 2023 Share Posted September 6, 2023 14 minutes ago, holy ravioli said: The RB is independent. Really? Obviously you didn't keep up with Borrow and Print Robertson or turned a socialist blind eye. Read the two documents attached. How independent under this Labour Government is the Reserve Bank? BTW the $30 billion didn't last long as a target. March-2020-Memorandum-of-Understanding-regarding-the-use-of-alternative-monetary-policy-tools.pdf 21-March-2020-Letter-from-the-Reserve-Bank-to-the-Minister-of-Finance-requesting-an-indemnity.pdf Quote Link to comment Share on other sites More sharing options...
holy ravioli Posted September 6, 2023 Share Posted September 6, 2023 49 minutes ago, Chief Stipe said: Really? Obviously you didn't keep up with Borrow and Print Robertson or turned a socialist blind eye. Read the two documents attached. How independent under this Labour Government is the Reserve Bank? BTW the $30 billion didn't last long as a target. March-2020-Memorandum-of-Understanding-regarding-the-use-of-alternative-monetary-policy-tools.pdf 161.27 kB · 0 downloads 21-March-2020-Letter-from-the-Reserve-Bank-to-the-Minister-of-Finance-requesting-an-indemnity.pdf 76.07 kB · 0 downloads NONE of your links disavow the independence of the RB in implementing monetary policy measures.They actually confirm it. As to your sarcastic remark....everyone became socialists when subsidies were handed out because of covid!Even that other arm of the right wing, the Taxpayers Union....threw away their principles with indecent haste!😜 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted September 7, 2023 Share Posted September 7, 2023 44 minutes ago, holy ravioli said: NONE of your links disavow the independence of the RB in implementing monetary policy measures.They actually confirm it. You really are economical with the truth. Robertson gave the RB access to a wider range of AMP tools and then put pressure on them to use them. Not to mention the infinite loop of Treasury issuing Government Bonds and the Reserve Bank having to buy them to keep control of inflation and interest rates. Although the Reserve Bank has stopped purchasing the Treasury hasn't stopped issuing bonds. So much for independence: Since March, the Reserve Bank had been printing tens of billions of dollars and pumping it into the economy using something called LSAP (Large-Scale Asset Purchases). The LSAP worked; New Zealand's unemployment rate of 4.9 per cent is well below where economists feared it might be. But the LSAP has had some negative side effects too. Asset purchases have pushed interest rates down, unleashing a wave of cheap lending that has sent the housing market rocket to record highs in the midst of a global recession. Robertson had initially been sceptical of the link between the Bank’s money printing and high house prices, but the Reserve Bank letter marked the point at which Robertson officially acknowledged that not only was the Bank’s money printing having an effect on the housing market, but that he and the Bank should work together and do something about it. https://www.stuff.co.nz/national/politics/300223358/reserve-bank-repeatedly-warned-government-money-printing-would-lead-to-house-price-inflation https://www.stuff.co.nz/national/politics/300166483/grant-robertson-writes-to-reserve-bank-saying-its-time-to-think-about-house-prices Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted September 7, 2023 Share Posted September 7, 2023 Note the total Government Bonds on issue have more than doubled since September 2017. Quote Link to comment Share on other sites More sharing options...
holy ravioli Posted September 7, 2023 Share Posted September 7, 2023 1 hour ago, Chief Stipe said: Note the total Government Bonds on issue have more than doubled since September 2017. Just as the Natz responded to the GFC(caused by the 'money men'/like Key)and Chch earthquakes,Labour had Covid19 and the dire floods to...address.Comprenez! So it was a 'fair call' for Labour to blame the Natz for the blowout in Govt spending /GDP levels and their 9 years of neglect. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted September 7, 2023 Share Posted September 7, 2023 11 minutes ago, holy ravioli said: Just as the Natz responded to the GFC(caused by the 'money men'/like Key)and Chch earthquakes,Labour had Covid19 and the dire floods to...address.Comprenez! So it was a 'fair call' for Labour to blame the Natz for the blowout in Govt spending /GDP levels and their 9 years of neglect. I think you are having one of these: Quote Link to comment Share on other sites More sharing options...
holy ravioli Posted September 7, 2023 Share Posted September 7, 2023 3 minutes ago, Chief Stipe said: I think you are having one of these: Breaking news....crACT again...'4 hours ago — As a real estate agent, Zane Cozens faced complaints of pressuring elderly home-owners to sell their homes for less than they wanted to.' Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted September 7, 2023 Share Posted September 7, 2023 3 minutes ago, holy ravioli said: Breaking news....crACT again...'4 hours ago — As a real estate agent, Zane Cozens faced complaints of pressuring elderly home-owners to sell their homes for less than they wanted to.' How's Kiri? Quote Link to comment Share on other sites More sharing options...
holy ravioli Posted September 7, 2023 Share Posted September 7, 2023 13 minutes ago, Chief Stipe said: How's Kiri? Mental health issues apparantly...like a recent Natz wannabe P.M....Todd Muller.😜 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted September 7, 2023 Share Posted September 7, 2023 15 hours ago, holy ravioli said: Mental health issues apparantly...like a recent Natz wannabe P.M....Todd Muller.😜 Didn't realise Muller was Justice Minister and deliberately crashed his car and ran away. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted September 7, 2023 Share Posted September 7, 2023 Labour are getting really desperate now. Even their own polls are telling them that. Quote Link to comment Share on other sites More sharing options...
holy ravioli Posted September 7, 2023 Share Posted September 7, 2023 15 hours ago, Chief Stipe said: Didn't realise Muller was Justice Minister and deliberately crashed his car and ran away. No he was just the leader of the Natz(deposed Judith Collins)and supposedly their brightest star ,destined to become..P.M!😂 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted September 7, 2023 Share Posted September 7, 2023 1 hour ago, holy ravioli said: No he was just the leader of the Natz(deposed Judith Collins)and supposedly their brightest star ,destined to become..P.M!😂 I'm a little bit worried about you. Can we provide support services? Quote Link to comment Share on other sites More sharing options...
holy ravioli Posted September 7, 2023 Share Posted September 7, 2023 39 minutes ago, Chief Stipe said: I'm a little bit worried about you. Can we provide support services? Facts are always a worry for the dogmatic...right. They are not interested in them. Theysay it's easier to fool people ,than to convince them they are being..fooled. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted September 7, 2023 Share Posted September 7, 2023 12 hours ago, holy ravioli said: Facts are always a worry for the dogmatic...right. They are not interested in them. Theysay it's easier to fool people ,than to convince them they are being..fooled. Ladies and Gentlemen this is a classic example of projection. Psychological projection is a defense mechanism people subconsciously employ in order to cope with difficult feelings or emotions. Psychological projection involves projecting undesirable feelings or emotions onto someone else, rather than admitting to or dealing with the unwanted feelings. Quote Link to comment Share on other sites More sharing options...
holy ravioli Posted September 7, 2023 Share Posted September 7, 2023 3 hours ago, Chief Stipe said: Ladies and Gentlemen this is a classic example of projection. Psychological projection is a defense mechanism people subconsciously employ in order to cope with difficult feelings or emotions. Psychological projection involves projecting undesirable feelings or emotions onto someone else, rather than admitting to or dealing with the unwanted feelings. What undesirable feelings or emotions have you detected ...so far....Freud?☯️ Quote Link to comment Share on other sites More sharing options...
holy ravioli Posted September 9, 2023 Share Posted September 9, 2023 crACT....another 1 ,bites the dust...5 misfits in a few weeks... ACT Party loses another candidate weeks out from election | Stuff.co.nz Quote Link to comment Share on other sites More sharing options...
holy ravioli Posted September 10, 2023 Share Posted September 10, 2023 So watching Luxin on Q&A we learn that rebooting the housing ponzi scheme with foreign buyers ,restoring tax deductibility and pegging the brightline to 2 years will result in....'drum roll'- reducing rents!!! Never seen such nonsense from a party purporting to be good economic managers. Luxin ducks,dives and weaves when posed simple questions.God help NZ. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted September 10, 2023 Share Posted September 10, 2023 2 hours ago, holy ravioli said: So watching Luxin on Q&A we learn that rebooting the housing ponzi scheme with foreign buyers ,restoring tax deductibility and pegging the brightline to 2 years will result in....'drum roll'- reducing rents!!! Never seen such nonsense from a party purporting to be good economic managers. Luxin ducks,dives and weaves when posed simple questions.God help NZ. Well the alternatives haven't worked under Borrow and Hope Robertson. God help the country if we don't get rid of this mob. Quote Link to comment Share on other sites More sharing options...
holy ravioli Posted September 11, 2023 Share Posted September 11, 2023 Can you read.... The economy is 6.7% larger than before Covid. Since the depths of the Covid recession, New Zealand’s economy has grown by 10.2% compared to 8.8% for Australia, 7.6% for the US, 7.1% for the Euro Area and 6.1% for the UK, according to the IMF. Unemployment below 4% for eight consecutive quarters Strong Government finances: Affirmed last week by Fitch. Net debt of 18.9% of GDP, below Australia, the US, and the UK according to the IMF. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted September 11, 2023 Share Posted September 11, 2023 18 minutes ago, holy ravioli said: The economy is 6.7% larger than before Covid. Since the depths of the Covid recession, New Zealand’s economy has grown by 10.2% Don't you understand why? There's over $150 billion of cash sloshing around in the system driving inflation. As for your bogus unemployment figures what definition are you going to come up with now to keep them appear down? Bit like your Net Debt figure. I still haven't seen an answer to my question regarding SOE and QUANGO debt. Quote Link to comment Share on other sites More sharing options...
holy ravioli Posted September 11, 2023 Share Posted September 11, 2023 2 hours ago, Chief Stipe said: Don't you understand why? There's over $150 billion of cash sloshing around in the system driving inflation. As for your bogus unemployment figures what definition are you going to come up with now to keep them appear down? Bit like your Net Debt figure. I still haven't seen an answer to my question regarding SOE and QUANGO debt. Not my figures. Take it up with the...IMF!😄 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted September 11, 2023 Share Posted September 11, 2023 1 hour ago, holy ravioli said: Not my figures. Take it up with the...IMF!😄 Come on answerr the question. Not that it matters Labour are dropping out of the race really quick. 26% in today's poll. Must be a bit morbid at the election HQ Pasta. How are the group hugs? Quote Link to comment Share on other sites More sharing options...
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