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Who is behind the Sri Lanka collapse?

Who is behind the Sri Lanka collapse?

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If you look at western media you will find that to the extent there is any context at all that the blame is pinned on the corrupt Rajapaksa’s and on China. According to the narrative the Rajapaksas were responsible for moving away from its traditional western allies and pivoting towards China involving it in a debt trap with China. These articles are representative. Lanka paying for China’s colonization by debt; Ex-Niti Aayog Vice Chair flags dubious investments And China’s Sri…

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The NZ government as spent $100 billion on the pandemic in addition to normal expenditure

The NZ government as spent $100 billion on the pandemic in addition to normal expenditure

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Gonzalo Lira said Australia could be the next Ukraine. I am asking if New Zealand could be the next Sri Lanka (if we are no longer under the protection of our “friends and allies”. “So far the government has spent on the order of 100 billion dollars on the pandemic in addition to normal expenditure. To put this in stark perspective, that is equal to the total annual government budget prior to the pandemic—more than $20,000 for every man, woman,…

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Is Grant Robertson moving citizens’ Kiwisaver funds into crown accounts

Is Grant Robertson moving citizens’ Kiwisaver funds into crown accounts

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It came through first as a credible rumour…. But never believe a rumour until it is officially denied Budget 2022: Government reacts to rumours about using KiwiSaver funds to balance debt Rumours the Government plans to use KiwiSaver funds to balance its debt are “totally untrue”, a spokesperson for the Minister of Finance says.  The rumours stem from Finance Minister Grant Robertson’s new fiscal rules announced on Tuesday ahead of the upcoming Budget release on May 19.  Robertson said Treasury,…

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#GotGoldorRubles? Russia Just Broke the Back of the West

#GotGoldorRubles? Russia Just Broke the Back of the West

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Tom Luongo Gold, Goats n’ Guns, 28 March, 2022 Tweet I don’t think everyone has yet caught the significance of Russia announcing they are putting a floor under the price of gold.  But, to be clear, Russia just broke the paper gold suppression scheme. On Friday the Bank of Russia announced: BREAKING NEWS: THE RUSSIAN CENTRAL BANK WILL RESTART BUYING GOLD FROM BANKS AND WILL PAY A FIXED PRICE OF 5,000 ROUBLES PER GRAM BETWEEN MARCH 28 AND JUNE 30 pic.twitter.com/Q1kTSfzAIm…

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War in Ukraine: headed for economic collapse

War in Ukraine: headed for economic collapse

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I had intended to put something together about how the West is committing suicide in its response to the war in Ukraine. First back to basics Economic Warning! Russia & Energy = Imminent Financial/Economic Disaster A troublesome shortfall in oil has been converted into a very real shortage that will translate into an economic nightmare. In this video I ‘do my thing’ and connect dots for you in a way that provides you with insights you can turn into concrete…

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The NZ government has run out of money

The NZ government has run out of money

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“New Zealand’s level of debt was lower than it was forecasted, he said. “New Zealand has one of the strongest government financial positions in the world and our government accounts continue to outperform forecasts and this gives us the fiscal headroom to meet the costs of Omicron.” —Grant Robertson, Minister of Finance   Comment: NZ Has Run Out of Money Guy Hatchard Guy Hatchard, 22 January, 2022 You may not have noticed this week that our deputy PM Grant Robertson…

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New Zealand headed for trouble: delivered with a happy, upbeat tone of course!

New Zealand headed for trouble: delivered with a happy, upbeat tone of course!

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I have adopted a rather acerbic tone here as befits the circumstances. The usual reponce of New Zealanders would be, “if you don’t like it here go somewhere else!”   I am a bit irritable and I have bit of a problem with people in my country today. While people in other countries can get very worked up and melodramatic New Zealanders have a habit of just ignoring what they don’t want to hear and talk about Armageddon with an…

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New Zealand’s national debt equates to $24,000 for every man, woman and child

New Zealand’s national debt equates to $24,000 for every man, woman and child

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But that figure excludes PRIVATE debt Recent news, such as this, that I will discuss elsewhere, has caused me to think once again about NZ’s debt levels. Pay freeze hits public servants but not contractors Public servants’ pay is being frozen for three years, but not the rates the sector pays to thousands of contractors and consultants Articles about New Zealand’s debt are like hen’s teeth (about half a dozen articles over about ten) years about this came out at…

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An elected dictatorship in New Zealand

An elected dictatorship in New Zealand

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New Zealand had an election in the weekend with predictable results, determined in my mind by fear, delusion and a hope for deliverance from a pandemic that has had minimal impact apart from destroying an economy that was already in deep trouble. I discuss the huge government debt and other issues which, taken together, indicate that New Zealanders are in for hard times ahead. For the first time since New Zealand introduced proportional representation we have a situation (for the…

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