Nothing to see here. Go back to sleep, go shopping - anything other than have a close look at the collapse of John Key's "rockstar economy"
I looked in vain for any coverage in the NZ Herald or Fairfax. They're focused on trivia.
The dairy elite from Federated Farmers are lying, just like the government, one even saying that things have "never been better", thanks to a "free and open' economy. They are telling farmers - don't cut back production, borrow more money from the banks.
Above all, maintain the debt economy.
Meanwhile the reality is that farmers are going to be foreclosed on by the banks just as they are in Australia (ANZ is a big player in this apparently) and farmers are going to take their own lives.
Meanwhile, the government is being shown up for the corrupt,crony capitalists that they are, having flown sheep to Saudi Arabia on Singapore Airlines as a bribe to avoid being sued by a Saudi businessman.
Dairy prices crash a further 9.3 per cent
I looked in vain for any coverage in the NZ Herald or Fairfax. They're focused on trivia.
The dairy elite from Federated Farmers are lying, just like the government, one even saying that things have "never been better", thanks to a "free and open' economy. They are telling farmers - don't cut back production, borrow more money from the banks.
Above all, maintain the debt economy.
Meanwhile the reality is that farmers are going to be foreclosed on by the banks just as they are in Australia (ANZ is a big player in this apparently) and farmers are going to take their own lives.
Meanwhile, the government is being shown up for the corrupt,crony capitalists that they are, having flown sheep to Saudi Arabia on Singapore Airlines as a bribe to avoid being sued by a Saudi businessman.
Dairy prices crash a further 9.3 per cent
New price shock for dairy products
5
August, 2015
International
dairy prices have plunged to their lowest in the seven-year history
of the global dairy trade auction.
Photo: RNZ
/ Alexander Robertson
Prices
fell 9.3 percent in the latest fortnightly auction, the 10th
successive fall this year.
The
average price of the key commodity for New Zealand dairy farmers,
whole milk powder, has fallen by just over half since March.
The
price, which affects Fonterra's forecast payout to its farmer
shareholders, took a 10.3 percent dive in last night's auction to
$US1590 per tonne.
A
contributing factor would have been the volume offered, which was 78
percent greater than at the previous auction.
The
overall price index now sits at $US1815 a tonne.
The
biggest drop was a 14.4 percent tumble in the price of skimmed milk
powder.
AgriHQ
analyst Susan Kilsby told Morning Report said Some
prices were the lowest since 2002, and dairy companies would be
revising down their payments to farmers.
Listen
to Susan Kilsby on Morning Report ( 3 min 40 sec )
Ms
Kilsby said there was an oversupply of milk on the world market.
"A
couple of years ago we saw incredibly high prices for dairy products
which encouraged supply around the world.
"We've
also seen the quotas come off in the EU which has allowed farmers
there to produce essentially as much milk as they like."
Listen to the commentariat tying themselves in knots to explain the further collapse of dairy, the lynchpin of the "rockstar economy"
Listen to the commentariat tying themselves in knots to explain the further collapse of dairy, the lynchpin of the "rockstar economy"
Commodity prices fall for the fourth consecutive month
And more....
Dairy farmers are bracing themselves for bad news from Fonterra
These next two are worth listening to.
First, listen to Minister of Finance, English, lie through his teeth. Amost ever word he utters is a complete barefaced lie
First, listen to Minister of Finance, English, lie through his teeth. Amost ever word he utters is a complete barefaced lie
Next, Winston
Peters, almost alone among the politicians, tells it how it really is
Winston Peters says the deal amounts to a massive bribe
But we do have the rest of the economy. We have a housing bubble in Auckland
Auckland market not slowing down.
The Auckland housing market shows no sign of slowing down. The latest QV House Price Index shows the Auckland market has gone up by 18-point
Labour rejects Key's barefaced lies about the government's bribe.
The PM is a sociopath who lies routinely.
Labour rejects PM's claims on Saudi deal
A
former trade minister has rejected the Prime Minister's claim that
responsibility for the Saudi sheep trade debacle rests with a former
Labour government.
Photo: 123RF
5
August, 2015
After
months of controversy over its decision to spend $11 million setting
up a farm in the Saudi Arabian desert, the Government yesterday
released hundreds of pages of official documents dating back to 2007.
The
Government has justified the deal, saying the former Labour
Government misled Saudi businessman Hamood Al-Ali Al-Khalaf over live
sheep exports resuming and it faced possible legal action.
Prime
Minister John Key said the papers showed
all the responsibility for the problems with
trade with Saudi Arabia rested with the former Labour-led Government.
"They
were the people who put in the initial ban - they were the people who
made, I think, assurances to the Saudis that they were going to find
a response to that, they were the people who dispatched Phil Goff to
talk to the Saudi ministers saying that they would find a way
through.
"And
they were the people who deliberately, and I say deliberately, having
changed their position, decide to do a complete 180 and not find a
decision, made sure that the Saudis did not find out about it until
they had made that decision public."
Phil
Goff, former Labour minister of foreign affairs and trade, strongly
rejects that, saying Labour was open and transparent with the Saudi
government.
Former
Trade Minister Phil Goff. Photo: RNZ
/ Alexander Robertson
He
said the Labour Government decided to suspend live sheep exports
because of concerns about animal welfare and said at the time that if
the issues were resolved then the trade could be resumed.
"We
subsequently had our attention drawn to the appalling conditions of
slaughter of those animals and in a very open and transparent way
made a cabinet decision that for both reasons the trade could not be
resumed.
"The
Saudis obviously did not like that but they accepted it.
"They
were led to believe, under the subsequent National Government, that
there would be a change in policy, and they were let down."
The
documents show that in 2010, three National Government cabinet
ministers met to discuss the restarting of live sheep exports two
years later in 2012.
Ministers
David Carter, Murray McCully and Tim Groser talked about a possible
15,000 to 25,000 live sheep being sent, as long as the shipment met
World Organisation for Animal Health standards.
Those
shipments never went ahead.
Mr
Goff said that was when Mr Al-Khalaf started to make threats of legal
action.
"There
is no basis for legal action, that is not the cause for the
facilitation payment or the bribe that National made, that was about
trying to secure a trade agreement by talking to a private individual
who had influence on the Saudi Government."
The
facilitation payment Mr Goff refers to is how Labour has been framing
a $4 million payment to Mr Al Khalaf which formed part of the $11
million spent on the Saudi farm.
In
papers released yesterday, that payment was described as:
"recognising the intellectual property the Saudi investor brings
to the platform, the services and in-market networks he will
contribute, as well as the settlement of the long-running dispute."
Prime
Minister John Key. Photo: RNZ
/ Alexander Robertson
Mr
Key defended the decision to set up the farm, saying it was in the
best interests of New Zealanders.
"Yeah,
it's a creative solution - we all said it was reasonably creative,
but there's a very big market there and it's a great way of
showcasing New Zealand.
"I
mean, yes, we are putting in some money, $11 million or whatever it
is, but he's putting in $80 million."
The
papers also showed that the Auditor-General warned that the business
case for the Saudi farm was weak and that she repeatedly raised her
concerns over whether the deal made economic sense, and if parts of
it were legal.
Related
Winston Peters says how things really stand
So National are in fact lying about being threatened by a Saudi businessman?
This
is bribery, graft and McCully won’t suffer from it because it was
Key who promised Hamood Al-ali Al Khalaf the live ban would be
lifted.
Martyn Bradbury
5
August, 2015
Un-believable.
When ZB of all biased mouth pieces are as scathing of the Saudi
bribe as this, you know it’s bad…
Saudi sheep claims “aren’t credible”
New Zealand’s dealing with the Saudi Arabians since 2007 have been laid bare in around a thousand pages of official documents, released by the Government after the intervention of the Ombudsman.
It’s clear Government claims they were responding to a threat made to the Clark Government of a $30 million lawsuit over the axing of live sheep exports aren’t credible.
It would seem the $30 million was mentioned just once in papers from Murray McCully’s office, long after Labour was voted out and bearing no relation to a threat of that time.
The farm deal was questioned by the Auditor-General saying it raised more questions than answers and the $4 million payment to the Saudi farm owner was, according to a Cabinet decision, made to settle a long running dispute, a reason the Government’s refused to acknowledge.
…Key
told Hamood Al-ali Al Khalaf that the live sheep ban would be
lifted when National came to power, National u-turned on
lifting the ban when the Greens started making it an
issue, Hamood Al-ali Al Khalaf got angry and stopped a free
trade deal with Saudi Arabia from progressing, National bribed Hamood
Al-ali Al Khalaf get the deal back up and running.
This
is bribery, graft and McCully won’t suffer from it because it was
Key who promised Hamood Al-ali Al Khalaf the live ban
would be lifted.
I’m
not sure what’s more alarming, that the Government openly lie and
bribe businessmen, that Labour haven’t managed to get McCully
sacked or that the NZ voting public don’t have a problem with any
of this.
Listen to the government's greatest media apologist, talk this down
What's the issue with the Saudi sheep
deal?
What's the issue with the Saudi sheep deal?
We're moving in the right direction with the part of the world we want to do more business with, we've appeased a guy who's spent a fortune investing here and we're showcasing our talents. So where's the crime in this Saudi sheep deal?
Posted by Mike Hosking Breakfast on Tuesday, 4 August 2015
No comments:
Post a Comment
Note: only a member of this blog may post a comment.