You’re absolutely right that NZ hasn’t engaged in QE and hasn’t suppressed interest rates to the degree that the US has done and also that the labour force participation rates are high and unemployment is low. No shit – the labour force figures produced aren’t tweaked either. Unemployment really has dropped steadily for five years now, and pay has risen a little too. But there are a few other factors in play that help explain NZ’s present comfort at a time when other developed economies are tanking. Continue reading »
New Zealand Herald, Mar. 27, 2014: Has Fukushima radiation entered NZ’s ecosystem? — Scientists are to check whether New Zealand muttonbirds that spend the winter off the coast of Japan have been exposed to radiation from the damaged Fukushima nuclear power plant. In a new pilot study, University of Auckland scientists will investigate whether radioactive cesium has entered the New Zealand ecosystem or food chain via the birds. [...] researchers will test the birds’ feathers for gamma rays that indicate the presence of the radioactive isotope cesium-134.
The US is ramping up pressure to secure a Trans-Pacific Trade Deal with conditions that could undermine the national interests of nations involved. WikiLeaks documents say talks are “paralyzed,” with the US refusing to compromise on disputed issues.
Anti-secrecy group WikiLeaks has released two documents revealing the state of negotiations for the Trans-Pacific Partnership (TPP). The deal in question includes 12 countries – the United States, Japan, Mexico, Canada, Australia, Malaysia, Chile, Singapore, Peru, Vietnam, New Zealand and Brunei – which represent more than 40 percent of the world’s gross domestic product.
Now that “bail-ins” have become accepted practice all over the planet, no bank account and no pension fund will ever be 100% safe again. In fact, Cyprus-style wealth confiscation is already starting to happen all around the world. As you will read about below, private pension funds were just raided by the government in Poland, and a “bail-in” is being organized for one of the largest banks in Italy. Unfortunately, this is just the beginning. The precedent that was set in Cyprus is being used as a template for establishing bail-in procedures in New Zealand, Canada and all over Europe. It is only a matter of time before we see this exact same type of thing happen in the United States as well. From now on, anyone that keeps a large amount of money in any single bank account or retirement fund is being incredibly foolish.
Let’s take a look at a few of the examples of how Cyprus-style wealth confiscation is now moving forward all over the globe: Continue reading »
Not to be outdone by leaders in the U.S. and UK acting like spoiled children upon the realization that the citizenry has had enough of their mass surveillance and their bullshit generally, New Zealand’s Prime Minister John Key has decided to thrown a little temper tantrum of his own. During a press conference on a new bill that would allow the country’s Government Communications Security Bureau (GCSB) agency to conduct warrantless NSA-style spying on citizens, John Key decided to turn tail and run away rather than answer a journalist’s question.
The National Government is pushing a Cyprus-style solution to bank failure in New Zealand which will see small depositors lose some of their savings to fund big bank bailouts, the Green Party said today.
Open Bank Resolution (OBR) is Finance Minister Bill English’s favoured option dealing with a major bank failure. If a bank fails under OBR, all depositors will have their savings reduced overnight to fund the bank’s bail out.
“Bill English is proposing a Cyprus-style solution for managing bank failure here in New Zealand – a solution that will see small depositors lose some of their savings to fund big bank bailouts,” said Green Party Co-leader Dr Russel Norman.
“If a bank fails under National’s plan, all depositors will have their savings reduced overnight to fund the bank’s bail out.”
“The Reserve Bank is in the final stages of implementing a system of managing bank failure called Open Bank Resolution. The scheme will put all bank depositors on the hook for bailing out their bank.
“Depositors will overnight have their savings shaved by the amount needed to keep the bank afloat.
“The National Government are pushing a Cyprus-style solution to bank failure in New Zealand which will see small depositors lose some of their savings to fund big bank bailouts, the Green Party said today. Open Bank Resolution (OBR) is Finance Minister Bill English’s favoured option dealing with a major bank failure. If a bank fails under OBR, all depositors will have their savings reduced overnight to fund the bank’s bail out.”
“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. … This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.” - Alan Greenspan
“By a continuing process of inflation , governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” - John Maynard Keynes
Quantitative easing = printing money = creating money out of thin air = increasing the money supply = inflation = hidden tax on monetary assets = theft!
It seems the AsiaPac central bankers did not get the ‘shut up and print’ memo as today during another speech, an Australian central banker followed Hong Kong’s lead and pronounced quantitative easing as potentially harmful and the volatility-dampening effects of excess monetary policy as “ultimately inimical to financial stability and hence macroeconomic stability.” In the speech below Glenn Stevens (RBA Governor) provides some much-needed doses of sanity to the grossly addicted world desirous of moar money printing.
“Central banks can provide liquidity to shore up financial stability and they can buy time for borrowers to adjust, but they cannot, in the end, put government finances on a sustainable course… They can’t shield people from the implications of having mis-assessed their own lifetime budget constraints and therefore having consumed too much.“
Why are these AsiaPac bankers breaking ranks with the status quo? Perhaps they see a looming threat and prefer to front-run their governments’ demands to “get to work”.
Monday marked the 70th anniversary of the commencement of operations of the Bank of Thailand, on 10 December 1942. Conceived under war-time occupation, the Bank has grown to be a key institution in Thailand. It is a pleasure and an honour to come to Bangkok to take part in one of a series of events to mark the anniversary, and I want to thank Governor Prasarn for the invitation. Continue reading »
Gold just lost the $1600 handle for the first time since January 5th and is suffering its biggest one-day loss in over two months as Europe’s meltdown is driving broad liquidations. Are hungry Chinese central bankers more than happy to soak up the precious metal at a discount from levered longs liquidating into the European fiasco?
A month ago we ended up with the hilarious situation where the US was actively considering releasing petroleum from the Strategic Petroleum Reserve even as China was demonstratively and concurrently adding to its strategic inventory. Now, as the developed world is seeing day after day of gold hammering on amusing flights of fancy that central banks won’t be forced to engage in more and ever bigger rounds of monetary dilution, and where the seller apparently has no regard for getting a “good” price, but merely seeks to crash the bid stack slams various PM prices, we see the same inversion with gold. Because as Bloomberg reports, “Mainland China’s gold imports from Hong Kong surged more than sixfold in the first quarter, to 156 metric tons, adding to signs that the country may displace India as the world’s largest consumer of the precious metal on an annual basis.” And the punchline: “The purchases through Hong Kong may signal that the mainland is accumulating reserves, London-based brokerage Sharps Pixley Ltd. said in February. The nation last made its reserves known more than two years ago, stating them at 1,054 tons.” Yep ladies and gents: the PBOC is very grateful that it can add hundreds of tons of gold to its reserve holdings in a stealthy operation which it will announce only after its conclusion, at which point, like true 13F chasing lemmings, retail will send gold soaring. But in the meantime, dear hedge funds worried about your margin calls and 1 month performance reports, please proceed calmly along with the lemming herd, and keep pushing gold lower and cheaper for our new Chinese overlords, and for everyone else who, without P&L timing constraints, takes delight in such brief arbitrage opportunities.
Imports from Hong Kong were 135,529 kilograms (135.53 metric tons) between January and March, from 19,729 kilograms in the year-earlier period, according to data from the Census and Statistics Department of the Hong Kong government. Shipments in March rose 59 percent from February, yesterday’s data showed.
The meltdown of the Fukushima Daiichi nuclear power plant may be responsible for a decline in New Zealand’s muttonbird population.
A Department of Conservation study found only two-thirds of birds returned to an area near Auckland, after spending the northern summer in Japan – some only 20km from the plant, which was crippled in Japan’s earthquake and tsunami in March last year.
The health freedom of New Zealanders is under very serious threat, as the federal government there pushes to pass a bill known as the Natural Health Products Bill (NHPB), or Bill 324-1, that will bring the nation into compliance with the overbearing and authoritarian food and health restrictions found in Codex Alimentarius, the so-called world food code.
If passed, NHPB will combine with the equally-threatening New Zealand Food Bill (http://www.naturalnews.com) to make it essentially illegal for individuals to even prepare for themselves, let alone try to sell, herbal products and teas, vitamins and supplements, or any other natural products that are not explicitly approved by the government as acceptable.
Overturning the common law principles of freedom that have triumphed in New Zealand for centuries, Bill 324-1 will require that all herbal remedies, traditional treatments, homeopathic remedies and dietary supplements first be approved — and very strictly regulated — by the government before being allowed to be sold or even prepared for one’s own personal use.
“The system will, for the first time in New Zealand, introduce risk-based regulation of natural health products,” says Bill 324-1. In simple terms, this means that natural herbs, vitamins, minerals, and all other nutrients used to promote health and prevent disease will be subject to the same corrupt regulatory approval process that pharmaceutical drugs are, which will in turn make it difficult or even impossible for New Zealanders to access many of these products in the future.
Bill 324-1, Codex Alimentarius, and the world takeover of food and health
Hollywood movie mogul James Cameron is coming to live in Wairarapa – and he is bringing his family with him.
The director of blockbuster films Titanic and Avatar has purchased two large plots of land along Western Lake Rd in south Wairarapa, where he is expected to arrive and live later this year.
Records released today from the Overseas Investment Office show that James F Cameron, of Canada, was given consent in December to purchase two separate properties, one 817 hectares and the other nearly 250 hectares.
“Here is the location of Dunedin. It is on the south island of New Zealand, what I considered to be one of the safest places on the planet, if a Nuclear disaster like Fukushima happened. So what is going on?”
I have been in contact with a person In New Zealand who just sent me information of a detection of a high level radiation cloud passing over Dunedin New Zealand. You will find a copy of his email correspondence below. This chart is the recorded background radiation level during this event. Visual observation saw peaks reach an incredible 1.89 uS/Hr !
Now that I have regained my composure, I thought I would write. It has been a wild afternoon! I shall write you a report upon what was observed later, if you wish to publish it, you can. Feel free to include those images on your website.
Gammascout detection of radiation cloud .81uS/Hr Dunedin New Zealand 29th January 2012
The steady-ish readings of 0.81 (photo) were taken when I came in off the street. It was briefly reading 1.89 on the street in the wind. I decided to come inside asap to the back yard, and then left the GS sitting outside for a while (0.25 photo) – checking on it. I’m in a relatively sheltered section. There was no way I was going to stand in ~2 microSieverts per hour in the wind!! No detectable radiation on me as such, it appears to be in the air. I can only speculate as to what it is. To be honest, it scared the cap out of me!
One of the world’s most popular file-sharing sites was shut down Thursday, and its founder and several company officials were accused of facilitating millions of illegal downloads of films, music and other content.
A federal indictment accused Megaupload.com of costing copyright holders at least $500 million in lost revenue. The indictment was unsealed one day after websites including Wikipedia and Craigslist shut down in protest of two congressional proposals intended to make it easier for authorities to go after sites with pirated material, especially those with overseas headquarters and servers.
The news of the shutdown seemed to bring retaliation from hackers who claimed credit for attacking the Justice Department’s website. Federal officials confirmed it was down Thursday evening and that the disruption was being “treated as a malicious act.”
A loose affiliation of hackers known as “Anonymous” claimed credit for the attack. Also hacked was the site for the Motion Picture Association of America and perhaps others.
Megaupload is based in Hong Kong, but some of the alleged pirated content was hosted on leased servers in Ashburn, Va., which gave federal authorities jurisdiction, the indictment said.
The Justice Department said in a statement said that Kim Dotcom, 37, and three other employees were arrested Thursday in New Zealand at the request of U.S. officials. Three other defendants are at large.
The Electronic Frontier Foundation, which defends free speech and digital rights online, said in a statement that, “This kind of application of international criminal procedures to Internet policy issues sets a terrifying precedent. If the United States can seize a Dutch citizen in New Zealand over a copyright claim, what is next?”
Before Megaupload was taken down, it posted a statement saying allegations that it facilitated massive breaches of copyright laws were “grotesquely overblown.”
“The fact is that the vast majority of Mega’s Internet traffic is legitimate, and we are here to stay. If the content industry would like to take advantage of our popularity, we are happy to enter into a dialogue. We have some good ideas. Please get in touch,” the statement said.
Eighteen of the 25 long-finned pilot whales stranded in Nelson last night have been successfully refloated.
Project Jonah marine mammal medics, Department of Conservation staff and members of the public put the whales back into the water on high tide around 9am.
However, the situation will be monitored to ensure no more whales restrand themselves.
Project Jonah CEO Kimberly Muncaster said whales in a disorientated state can easily restrand.
“The ones that have been refloated are not out of the woods yet, either,” said Muncaster. “In their disoriented state they can easily restrand, so Project Jonah medics in the area and locals should remain on high alert for the next few days and keep informed through the Project Jonah website.”
The mass stranding of about 70 whales last night followed the refloating of a single stranded whale yesterday.
The God-given human right to freely cultivate food is under attack in New Zealand (NZ) as special interest groups and others are currently attempting to push a “food security” bill through the nation’s parliament that will strip individuals of their right to grow food, save seeds, and even share the fruits of their labor with friends and family members.
In accordance with the World Trade Organization’s (WTO) Codex Alimentarius scheme for global food control, the NZ Food Bill, if passed, will essentially transfer primary control of food from individuals to corporations under the guise of food safety. And unless massive public outcry and awakened consciences within the NZ government are able to put a stop to it, the bill could become law very soon.
According to NZ Food Security, a group working to protect the food freedom of New Zealanders, the bill will turn growing and sharing food into a government-granted privilege rather than a human right. It will also make it illegal to distribute any type of food based on the bill’s language. This includes seeds, nutrients, natural medicines, minerals, and even water — without expressed government permission.
You see, agribusiness giants like Monsanto want full control of the food supply, which means putting an end to small-scale agriculture systems that operate “off the grid,” so to speak. This is why they have worked so hard in places like the US to convert conventional, staple crop systems to genetically-modified (GM) ones that are continually reliant upon new seeds and chemical interventions.
As far as enforcement, the NZ bill also authorizes private companies to deploy “Food Safety Officers” that can raid private property without warrant. Not only will these “Food Safety Officers” be permitted to draw weapons against those they are pursuing, but they will also be immune from criminal and civil prosecution for their illegal actions.
Sunday, 12 June 2011, 1:12 pm Press Release: SOIL and HEALTH Assn of NZ
AgResearch’s genetically engineered (GE) goat experiments have a new bizarre twist with surviving GE pregnancies producing mostly transgender offspring, that AgResearch staff term ‘goys,’ according to the Soil & Health Association of NZ.
An AgResearch farm manager recently revealed to Soil & Health and GE Free NZ, during a tour of its Ruakura GE animal field trial site, that most of the GE goats produced were transgender. It appeared that about 75% were “goys” with the remainder female.
“The “goys”, females in sterile male bodies, are to be induced into milking to ascertain whether the intended genetically engineered (GE) human protein will be expressed in the milk,” said Soil & Health – Organic NZ spokesperson Steffan Browning.
Pressure is building on the north American plate beyond the rocky mountain continental divide. As far north as the Cascadia range in the Pacific Northwest, south east to Yellowstone, then further south east to Georgia, up north to Montreal / New York …
The threat of a new madrid earthquake , in my opinion, goes up ANOTHER notch, with the signs of more activity in the north east, extending along the faults down to Arkansas.