tag:blogger.com,1999:blog-11906042.post2527779954636169058..comments2024-03-29T10:51:27.752+13:00Comments on Not PC: Cry havoc (again) and let rip those printing presses of destruction! [update 3]Peter Cresswellhttp://www.blogger.com/profile/10699845031503699181noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-11906042.post-27875792427305698522008-11-26T20:33:00.000+13:002008-11-26T20:33:00.000+13:00I think this is the first time I have ever made a ...I think this is the first time I have ever made a comment on your blog, I normally stick to Kiwiblog because that is where most people go, but I just want to say, you are RIGHT, Peter Cresswell; I am saddened and sickened at THIS particular piece of news, and no-one else this side of the socialist lapdog MSM, including Kiwiblog, is going to tell it like you do.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11906042.post-66285735940955715302008-11-26T15:10:00.000+13:002008-11-26T15:10:00.000+13:00Ah, PC, but *this* one will work!Sure it will, jus...<I>Ah, PC, but *this* one will work!</I><BR/><BR/>Sure it will, just like it's worked in the past.<BR/><BR/>Forget all you know about the supposed purpose of Western governments and assume one thing: the purpose of the NZ Government is to perpetuate the existence of the NZ Government in more-or-less its present state. Nothing more.<BR/><BR/>Then it all makes sense.Duncan Baynehttps://www.blogger.com/profile/08067439189657560427noreply@blogger.comtag:blogger.com,1999:blog-11906042.post-46152983800895864172008-11-26T13:46:00.000+13:002008-11-26T13:46:00.000+13:00I got told an interesting story. Goes along the l...I got told an interesting story. Goes along the lines that we are all so very lucky that the boss of the printing presses is Pope Bernanke the maker of miracles. He's the perfect prophet apparantely. He spent his entire adademic career learning all about the last Great Depression. He knows all about it they say. So much he knows that he's figured out exactly how to make the next one really different from the last. He's goning to print a shit load of potty paper because that's what they didn't do enough of the last time around. And then he's going to flush the whole economy with it. <BR/><BR/>Amazing.<BR/><BR/>LGMAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11906042.post-60371586504107963422008-11-26T12:56:00.000+13:002008-11-26T12:56:00.000+13:00using my personal experience. I borrowed in the U...using my personal experience. I borrowed in the UK first in 2001. around 2 years ago I got on a tracker at .4% above Bank of England Base. resets ( end of term) on offer from same bank now are 2.4% over base. but the base has dropped by 2% in the last 3 months. so net net there is no difference.<BR/><BR/>I am in gravy as long as rates are low. to fix now for 5 years would cost about 3.2% over base.<BR/><BR/>so i dont see that the resets are as big a problem as is being made out.<BR/><BR/>Treasury officials suggesting that banks need to be forced to increase credit card based consumer debt on the other hand is another story.<BR/><BR/>there is madness here and it has impacted all of them. the lesson they learned from their depression histories is that they must DO SOMETHINGAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11906042.post-55341844937534796802008-11-26T12:45:00.000+13:002008-11-26T12:45:00.000+13:00We haven't seen the best bits yet.Obama is promisi...We haven't seen the best bits yet.<BR/><BR/>Obama is promising to give the economy a "jolt" when he comes in. Probably like the jolt a person in the electric chair gets.<BR/><BR/>On top of that he will create 2.5 million jobs. No doubt cutting down trees to supply the paper for the printing presses.<BR/><BR/>Strange thing is that every time one of these packages is announced, the US$ strengthens. For a day or two at least.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11906042.post-49006104691192089092008-11-26T12:43:00.000+13:002008-11-26T12:43:00.000+13:00I bet the C*^t believes in the god ghost too?I bet the C*^t believes in the god ghost too?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11906042.post-10436908290687958272008-11-26T12:00:00.000+13:002008-11-26T12:00:00.000+13:00Ah, PC, but *this* one will work!It's just insane,...Ah, PC, but *this* one will work!<BR/><BR/>It's just insane, isn't it. It's really not sane. <BR/><BR/>Anyone else feel like the little boy in the story of the Emperor New Clothes .. standing to the side shaking your head at the madness of it all, while the grinning fools applaud?<BR/><BR/>Talk about giving credence to the old saying about money not being worth the paper it's printed on. Thanks for nothing, Henry. A whole lot of nothing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11906042.post-76912389032869469122008-11-26T11:23:00.000+13:002008-11-26T11:23:00.000+13:00The western economies are stuffed - the US and UK ...The western economies are stuffed - the US and UK in particular.<BR/><BR/>Take a look at <A HREF="http://consumerist.com/340334/monthly-mortgage-rate-resets-2007+2016" REL="nofollow">this graph</A>, which shows future US mortgage resets. We've had subprime, but two other poor home loan categories are not due to hit the US until 2010 and 2011. <BR/><BR/>Incidentally, I came across this graph in this fantastic tribute to <A HREF="http://uk.youtube.com/watch?v=AXGOq-ys9Js&feature=related" REL="nofollow"> Peter Schiff</A>, which shows that economists rock after all.Sturminatorhttps://www.blogger.com/profile/06456302220942748782noreply@blogger.comtag:blogger.com,1999:blog-11906042.post-41010315685227182952008-11-26T11:10:00.000+13:002008-11-26T11:10:00.000+13:00The bailout is causing record low rates at all len...The bailout is causing record low rates at all lenders. The bailout is causing lenders to practically give away money. You would be surprised at how much cheap and in some cases "free" money is going around out there. <BR/><BR/><A HREF="http://moneyloansfinance.blogspot.com/" REL="nofollow">Bailouts for Everyone</A>Anonymousnoreply@blogger.com