Financial Armageddon!!

[Jeffa]

October is going to be insane, this is historical events happening right before our eyes, this will be talked about for forever in the future so pay attention you are witnessing it all happen.

Agree, financial history playing out in front of us and it's barely getting a mention in the media.

What happens here will shift the global economy.

[adm]

Agree, financial history playing out in front of us and it's barely getting a mention in the media.

What happens here will shift the global economy.

Was actually going to mention that in a previous comment, zero mention in MSM, it’s bonkers the sheep don’t realise & when you compare it to the none-stop orchestrated Covid nonsense all over the place, what a joke

[Frezzinghot]

Was actually going to mention that in a previous comment, zero mention in MSM, it’s bonkers the sheep don’t realise & when you compare it to the none-stop orchestrated Covid nonsense all over the place, what a joke

Covid, the plandemic they had to have.

[donna]

So where are we heading and what can we do to survive it?

[Perry]

Nordstream pipeline "mysteriously" sabotaged creating nightmare scenario for Europe winter energy

Did anyone notice that the news that the pipeline was 'idle' and not carrying any gas?

[Perry]

So where are we heading and what can we do to survive it?

Bunker down?!?!

[chook]

I could be so happy, happy happy happy.....I could be so ......

[chook]

I could be so happy, happy happy happy.....I could be so ......

Biden,..... "The economies booming"

[chook]

Snowball is getting bigger..

[chook]

Two things happened today;

1) Japan Economy minister Yamagiwa handed in his resignation
2) China has worst stock market selloff since 2008

[Perry]

And what impact do you see those things having on NZ?

[Jeffa]

Two things happened today;

1) Japan Economy minister Yamagiwa handed in his resignation
2) China has worst stock market selloff since 2008

China state Banks ordered to buy stocks to contain sell off, pain was too much for Xi Ping, no ones going to let this Ponzi scheme fail.

[Engineer]

Has anyone ever done more damage to NZ than Grant Robusome and Adrian Orr? I would doubt it.

NZ herald 26/10/22
Richard Prebble

New Zealand's October CPI inflation figure of 7.2 per cent shows our Reserve Bank has also lost control of inflation. The $9.7 billion budget deficit, despite full employment, shows our Government has lost control of the public finances.

New Zealand started from a strong position, thirty years of fiscal prudence. Now we are one of the most improvident. Relative to GDP only the Federal Reserve has printed more money. The economic research firm Berl says there has been "an estimated $142b increase in net core Crown debt. This is the equivalent of 47 per cent of GDP in the beginning (2019) year".

Government spending has continued. Our Government is still spending on the Covid make-work scheme, such as the $1.219b Jobs for Nature programme, so adding to the labour shortage.

The Reserve Bank's year-long interest rate rises have failed to curb inflation because the $55b of printed money is still in the economy. Trading banks' deposits with the Reserve Bank pre-printing were $8b, now they are $55b. The Reserve Bank is still printing money for its Funding for Lending programme, under which the trading banks have borrowed over $12b.


Future debt servicing Money that could no doubt have been better spent fixing hospitals, on the police, roads, schools, you name it.

[McDuck]

Has anyone ever done more damage to NZ....

You make some interesting points.

I could never figure out why Mr Orr kept pumping money into the economy - way after house prices had gotten out of hand.

From memory,
people were warning such things would cause high inflation a full 12 months before he took his foot off the gas.

12 months.

Not only did they all skive off to a very long Xmas break with a brick left still on the accelerator...
but they took months after their return to remove it.



Sheer reckless behavior in my not so humble opinion.


Still, when your world is trading in US dollars,
and the US are dumping money into the system at a disgusting rate,
what you gonna do?

When the tide comes in, all boats float higher.

Boats.

[adm]

You make some interesting points.

I could never figure out why Mr Orr kept pumping money into the economy - way after house prices had gotten out of hand.

From memory,
people were warning such things would cause high inflation a full 12 months before he took his foot off the gas.

12 months.

Not only did they all skive off to a very long Xmas break with a brick left still on the accelerator...
but they took months after their return to remove it.



Sheer reckless behavior in my not so humble opinion.


Still, when your world is trading in US dollars,
and the US are dumping money into the system at a disgusting rate,
what you gonna do?

When the tide comes in, all boats float higher.

Boats.

I do agree with what you say, but I read it as this isn’t exactly what they methodically planned & wanted. This isn’t idiocy, this is evil, the current world wide economy is by design