Forum Post: NZ Hyper Inflation
Posted 13 years ago on Nov. 1, 2011, 4:25 a.m. EST by Paulus
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To keep up with inflation in New Zealand, you need to be earning 15% after tax. The New Zealand peoples’ savings are a big joke; they have virtually become vaporized by the local crooked banks and the government’s mismanagement. I may all own by the parent City of London banks. The evil banking cartel oligarchs and the British Government dictate their policies to the evil New Zealand government. Yet the New Zealand Prime Minster comes on the air and tells viewers, to work hard, save hard and the future is yours. Every kind of financial transaction made in New Zealand, for the New Zealand, government pays a 2% usury charge to the City of London banks, which has nothing to do with paying Bank charges or interest. Keep up the demos.
That's coz u had a woman prime minister. Hahha
Oh, sorry to say but the hidden "leaders" of OWS have decided that OWS in not about standing up to the banksters. It's now just a pool of people to be used to support organized labor.
Email from one such "leader":
Mark, I agree with you completely. In fact just last night I was reading the section in Grieder's book on the Fed where he contrasts the class base and resulting politics of 19th vs. 20th century populists (progressive and reactionary respectively). (See bottom of page 265 for his punchline on this.) That's why I spoke of both left and right wing populists today. The kids today at OWS who are proworker, antiracist, antisexist, anti-imperialist, but who think the solution is ending the Fed, or restoring Glass-Steagall, or breaking up the big banks, or moving our money to credit unions -- isn't left populist a fair term for them? And it's meant not in an elitist or dismissive way, but as a sign of their lack of exposure to basic socialist ideas -- for which we all, of course, share some responsibility.
http://www.marxmail.org/msg96959.html
http://www.marxmail.org/threads.html#96936