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I'm
as mad as hell today
Seemorerocks
At
the beginning of the week Russell Norman announced a new policy ofquantitative easing – printing more money so the government can
sell bonds for the recovery of Christchurch.
On
the surface this would all seem to be quite reasonable and even
laudible. Help the exporters through a debased currency and restore
growth.
Almost
worthy of the Labour Party.
And
now today we see in the leftist the
Standard this sort of tripe (under the heading of “Reseach-based
opinions”):
“Bill
English on quantitative easing: “There are big risks with it and it
is just barmy to suggest that in an economy growing at all that you
would do it”. So, are the countries that are using QE to push up
our currency growing? EU: -0.3% (14 of the 27 member states are
growing), US: 2.1%, Switzerland: 0.6%, Japan: 3.3%. So, yes,
countries use QE while growing – and it lets their businesses
undercut ours.”
The
trouble is that these countries are not doing well – they are on
the verge of collapse. You could choose almost any item from this
blog and it will serve as a response to this nonsense.
The
trouble with QE is a policy that benefits first and foremost the
banks who are the ones most responsible for the deep debt crisis the
world finds itself in.
The
banks can print more money which they can lend to the government at
interest.
Solve
debt with more debt.
It
is also a policy which, in the countries where it has been used has
led to the impoverishment of the majority and besides, not worked.
Very
funny coming from a party that espouses social and economic justice.
The
Green Party
Today
an esteemed elder friend has announced that they are going to resign
from the Green Party. They have been a tireless and stalwart fighter
for the party since its very inception – indeed for longer than
that – since the days of the Values Party in New Zealand in the
70's.
They
have intimated that it is a new, more right-wing generaton that is at
the helm of the party that is now able to adapt a slogan such as “for
a richer New Zealand” and they are unhappy with the new party
economic policies.
I
find the newfound love of economic growth dispicable and
unprincipled.
I
do not have any expectation of any party in parliament – not the
Labour Party, not the National Party or any of their cohorts.
Except the Green Party.
Except the Green Party.
The
Green Party is more responsible than anyone for help lull the
population into sleep because they know the way things work – or at
least I thought they did.
This
is the party that in earlier days helped me to form a knowledge of
the great issues that face us – global warming, globalisation and
Peak Oil.
They
are asking that these issues be put on the backburner, What the
'public' needs is good news. Otherwise they will be 'ovewhelmed or
go into denial.
The
Green party, in order to do something about these issues needs a
strong presence in parliament and to hark on about inconvenient
truths such as runaway climate change, resource depletion and the end
of Growth would cost votes.
Political
expediency ueber alles.
I'm
sorry that it is not good enough to make compromises on matters of
principle.
Once
you've sold your soul it's too late.
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