I Wish I Win, disgusting outcome.

[nomates]

Apparently now one of the Lock family who had a share in Sierra Sue offered Starship 10k from his winnings but was turned down . His partners daughter had battled leukemia so he wanted to pay some thing back as a thanks .

Perhaps the CEO of Starship is going to take a substantial pay cut to make up some of the lost funds .

One thing i read said that Starship is currently trying to raise 1.5mil for a new helicopter , go figure .

A really dumb look .

[holy ravioli]

On 11/3/2022 at 5:06 PM, Chief Stipe said:

Beats printing money, causing inflation and bringing on a recession.

I see you do not understand MMT...(Key 'printed money'/GFC and Chch EQ)and do not understand NZ's exposure to external economic factors.

NZ is in a very favourable position compared to other countries in the G20.

[Chief Stipe]

1 hour ago, holy ravioli said:

I see you do not understand MMT...(Key 'printed money'/GFC and Chch EQ)and do not understand NZ's exposure to external economic factors.

NZ is in a very favourable position compared to other countries in the G20.

Bollocks.  You understand little if you compare NZ on an equal footing with the G20.  We are price takers for a start so have very little leverage to control our destiny.  So inflation caused by an unnecessary printing of money will cause huge damage but maybe that's part of the Cindys masterplan.

[Joe Bloggs]

It might be off topic, however without Fonterra NZ Donald Ducked, that white powder is actually gold dust in drag, luckily China has little option other than to buy from NZ as AUS has sourced other markets for our milk powder. Printing money might be the only way to keep NZ afloat, short term, the real problem will be when the loans have to be serviced at kexhorbinat interest and that day is just over the horizon. The frozen fish industry is in real trouble as the fish farming exploits of Vietnam and the Phillipines grows ever day, and some Baltic nations and Scandi's are now heavily developing these industries.

NZ needs to be very careful, very, it's dangerous times, at least in Oz the resource's are there for self sustainment should needs be, NZ should be too, I really hope so, puha and pork bones on Maccas menu maybe? Thousands doing the whitebait runs? home-brews and home kills, The Beehive making it's own honey?.........whoda thought.

[holy ravioli]

47 minutes ago, Chief Stipe said:

Bollocks.  You understand little if you compare NZ on an equal footing with the G20.  We are price takers for a start so have very little leverage to control our destiny.  So inflation caused by an unnecessary printing of money will cause huge damage but maybe that's part of the Cindys masterplan.

The important measure is Govt debt as a percentage of GDP...NZ's is circa 30%..quite modest compared to peer countries.

That's fact whether you can accept it or...not.

[holy ravioli]

37 minutes ago, Joe Bloggs said:

It might be off topic, however without Fonterra NZ Donald Ducked, that white powder is actually gold dust in drag, luckily China has little option other than to buy from NZ as AUS has sourced other markets for our milk powder. Printing money might be the only way to keep NZ afloat, short term, the real problem will be when the loans have to be serviced at kexhorbinat interest and that day is just over the horizon. The frozen fish industry is in real trouble as the fish farming exploits of Vietnam and the Phillipines grows ever day, and some Baltic nations and Scandi's are now heavily developing these industries.

NZ needs to be very careful, very, it's dangerous times, at least in Oz the resource's are there for self sustainment should needs be, NZ should be too, I really hope so, puha and pork bones on Maccas menu maybe? Thousands doing the whitebait runs? home-brews and home kills, The Beehive making it's own honey?.........whoda thought.

Dairy represents under 5% of GDP.

[Joe Bloggs]

54 minutes ago, holy ravioli said:

Dairy represents under 5% of GDP.

Have a look at the holding companies, Parmalat Europes's leading agri company, NZ's balance of payments are scew whiff, printing money is a recipe for disaster when you are a small, high cost revenue producing entity,  business then can't export as production costs soar and goods become uncompetitive.

Back in the 70's I made a trip back to NZ, to fund the trip we bought several transistor radios [remember them] in the guise of Fosters beer cans, we sold them to LV Martin in Cuba Mall WLG........the exchange rate was 1-30 Kiwi to 1 Oz dollar, the trannies were sold for 100 each, we paid 15 for them, the way things are going NZ will go back to that era, God help the Kiwi youngsters, they will end up here anyway.

[Chief Stipe]

1 hour ago, holy ravioli said:

The important measure is Govt debt as a percentage of GDP...NZ's is circa 30%..quite modest compared to peer countries.

That's fact whether you can accept it or...not.

Debt increased 50% in two years.  Any other countries march that?

[holy ravioli]

15 minutes ago, Joe Bloggs said:

Have a look at the holding companies, Parmalat Europes's leading agri company, NZ's balance of payments are scew whiff, printing money is a recipe for disaster when you are a small, high cost revenue producing entity,  business then can't export as production costs soar and goods become uncompetitive.

Back in the 70's I made a trip back to NZ, to fund the trip we bought several transistor radios [remember them] in the guise of Fosters beer cans, we sold them to LV Martin in Cuba Mall WLG........the exchange rate was 1-30 Kiwi to 1 Oz dollar, the trannies were sold for 100 each, we paid 15 for them, the way things are going NZ will go back to that era, God help the Kiwi youngsters, they will end up here anyway.

You are quite out of date Joe-Parmalat is not Europes leading agri coy.It was the biggest crooked agri coy in Europe however.😜(another Enron).

As for Q.E (printing money)you need to realise where 'money' comes from and what makes it worth...something.

Your premise is flawed....you say too much money printing by the Reserve Bank of NZ,=making goods become uncompetitive,yet the NZ dollar has sunk re xchange rates...i.e making exports MORE competitive.

Nice anecdote all..the same.

[holy ravioli]

Just now, Chief Stipe said:

Wrong.

About as comprehensive a debate as you are capable..of.🙄

[Chief Stipe]

1 hour ago, holy ravioli said:

Dairy represents under 5% of GDP.

GDP is a crap measure.  You can't compare the export earnings of a sector to the private consumption figures of its population yet both are included in the GDP calculation.  For example - print money private consumption increases inflation increases.  What is of more value?  That consumption or export dollars linked directly to production.

Holy Pasta go plant another paddock of pine trees and see what that does for the wealth of NZ.  A billion dollars per year of productive activity has been lost to overseas companies converting farm land into their carbon credits i.e. exporting their problem to NZ and making us poorer.  Your Socialism at its best or worst whatever your agenda is.

[Chief Stipe]

10 minutes ago, holy ravioli said:

As for Q.E (printing money)you need to realise where 'money' comes from and what makes it worth...something.

Which you obviously don't know.  Money has no value in of itself.  It's a method of exchange.  Hence printing the stuff when it isn't created by productive actively directly causes inflation too much paper money chasing too few goods.

 

[Chief Stipe]

12 minutes ago, holy ravioli said:

About as comprehensive a debate as you are capable..of.🙄

Fuck off you socialist numpty.

[Chief Stipe]

13 minutes ago, holy ravioli said:

Your premise is flawed....you say too much money printing by the Reserve Bank of NZ,=making goods become uncompetitive,yet the NZ dollar has sunk re xchange rates...i.e making exports MORE competitive.

Too simplistic.  You really have no idea do you?

[holy ravioli]

3 minutes ago, Chief Stipe said:

GDP is a crap measure.  You can't compare the export earnings of a sector to the private consumption figures of its population yet both are included in the GDP calculation.  For example - print money private consumption increases inflation increases.  What is of more value?  That consumption or export dollars linked directly to production.

Holy Pasta go plant another paddock of pine trees and see what that does for the wealth of NZ.  A billion dollars per year of productive activity has been lost to overseas companies converting farm land into their carbon credits i.e. exporting their problem to NZ and making us poorer.  Your Socialism at its best or worst whatever your agenda is.

National ALWAYS put out the NZ 4 SALE sign(Lab not much better).Selling state assets to  private buyers on the cheap is their mantra.

Your point needs to be looked at in a macro way...I agree productive endeavours should be promoted over the unearned ponzi schemes of property flipping and ramping immigration as govts have done to make GDP look good.Nevertheless the amount coming into Govt coffers is the amount assessed that gives NZ an international AAA credit rating,which is the main factor in ability to repay...debt.

[holy ravioli]

3 minutes ago, Chief Stipe said:

Which you obviously don't know.  Money has no value in of itself.  It's a method of exchange.  Hence printing the stuff when it isn't created by productive actively directly causes inflation too much paper money chasing too few goods.

 

Except I certainly do (hence 'money')..and you clearly do not.

You need to distinguish -a medium of xchange,and fiat currency and the impact of various other factors including interest rates and currency xchange rates.

[holy ravioli]

5 minutes ago, Chief Stipe said:

Too simplistic.  You really have no idea do you?

IT's not too simplistic, it is a fact you do not want to ..accept.

You have a penchant for very weak rebuttals.

[Chief Stipe]

1 minute ago, holy ravioli said:

Except I certainly do (hence 'money')..and you clearly do not.

You need to distinguish -a medium of xchange,and fiat currency and the impact of various other factors including interest rates and currency xchange rates.

The fact is that the recent QE once and for all proved the theory that doing it would increase inflation, distort markets, increase interest rates and send economies into recession.

Now our socialist government either did that deliberately for ulterior motives or they are idiots or both.  I think you are probably in the idiot category.

[holy ravioli]

40 minutes ago, Chief Stipe said:

The fact is that the recent QE once and for all proved the theory that doing it would increase inflation, distort markets, increase interest rates and send economies into recession.

Now our socialist government either did that deliberately for ulterior motives or they are idiots or both.  I think you are probably in the idiot category.

Where have you been Chief?Since the GFC...Q.E has been rampant all around the world.

Where was the inflation Einstein...the U.S is over 30TRILLION in the hole.

NZ is tiny...'when the U.S sneezes ,the rest of the world...catches a..cold'!🤑

[Joe Bloggs]

HR, with theories like yours it's proof you suck off a GOV tit, you obviously have never run your own business, simple, idiocy v reality, when you can catch and kill your own, join the conversation with cred, otherwise.......

[holy ravioli]

7 minutes ago, Joe Bloggs said:

HR, with theories like yours it's proof you suck off a GOV tit, you obviously have never run your own business, simple, idiocy v reality, when you can catch and kill your own, join the conversation with cred, otherwise.......

you are making assumptions you cannot sustain.

Try deconstructing the message not attacking the...messenger ..if you can.

They are NOT theories .What can I clarify for you?Happy to...help.

[Joe Bloggs]

28 minutes ago, holy ravioli said:

you are making assumptions you cannot sustain.

Try deconstructing the message not attacking the...messenger ..if you can.

They are NOT theories .What can I clarify for you?Happy to...help.

Fuckwits ruined NZ, are you happy? job well done.

[holy ravioli]

4 minutes ago, Joe Bloggs said:

Fuckwits ruined NZ, are you happy? job well done.

Stick to the horses Joe...you have N.F.I.

[Joe Bloggs]

10 minutes ago, holy ravioli said:

Stick to the horses Joe...you have N.F.I.

OK, thanks for that.

[Chief Stipe]

44 minutes ago, Joe Bloggs said:

OK, thanks for that.

I wouldn't be concerned Joe - that kind of endorsement from Holy Pasta actually puts you in the good knowledgeable guy category.