NZ Asset Sales Policy Began On Wall Street
January 18th, 2012Both National and Labour are clear and present dangers to New Zealand. National’s goal is sell our country’s assets to Australia and China. Labour’s goal is get us saddled with debt to those country’s banks. In other words, the ultimate goal of both of the main parties is to sell us out, to make us renters and debt slaves in our own country.
—New Zealand: 1 Million Didn’t Bother to Vote
One for your New-Zealand-Is-In-Big-Trouble file folder.
Via: Scoop:
The Key government’s asset sales agenda is derived from the Washington Consensus – a set of Wall Street-driven policies that were pronounced dead after the global financial meltdown in 2008. The New Zealand government, however, remains loyal to this failed ideology.
Why? The obvious link is Prime Minister John Key – a former investment banker for Merrill Lynch, the world’s largest brokerage failure.
In most other countries, state asset sales have become a last resort on the road to poverty and ruin, but for the Key government, asset sales are “business as usual.”
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The world is literally attempting to engage productive overdrive in a hopeless struggle to satisfy unproductive debt servicing.
Almost half of the average earned income is already siphoned off via direct or indirect hidden interest, and in government debt taxes. In sum, almost half of humanity’s productive effort is to serve useless debt, instead of solve the world’s problems.
The pressure to leverage fiscal advantage from assets, of all kinds, comes directly from the ruling power – the international banking elite. No political party can entirely avoid asset extraction under the fractional reserve system. Governments can adjust the debt hand-brake, but the foreign bankers are in the driving seat.
The world is sliding toward zero and eventually negative growth. Sovereign debt can only speed up. New Zealand will join the economic train-wreck down the track.
Research Credit: p
