The Financial Invasion Of New Zealand

Brian Gaynor writes some good stuff,( ammend 4-4-10, sorry put Brian Gaynor as below article author instead of  Brian Fallow, although following comment well fits both ) but he cant yet be included in the sector of fully financially literate with integrity, because he never quite goes all the way, he stays within that ” must keep confidence in the current confidence trick” orthodox box.

I challenge you Brian, given that 97% odd of the worlds money supply enters circulation as interest bearing credit owed to the international banking network, that the below statement you made is utterly false:
” But with the Government having switched from saving to debt accumulation, and with household savings rates still negative, the increase in Crown debt will have to be funded by foreign savers.
Competition for their funds will be fierce, from larger governments with bigger deficits to finance and higher credit ratings, and increasingly from corporate borrowers as the world recovery gathers momentum.”

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10635708&pnum=0
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Crown debt never has been, and under any private controlled and owned international monetary system, never will be funded by any “savers” of any sort. The private incorporated investment bankers are refered to as Primary Bond Dealers (PBD’S) able to create money out of freshair then loan it out at interest, described in detail in this link:

“Primary dealers are institutions which have the exclusive right to submit (competitive) bids in auctions for government bonds. Moreover, a primary dealer has the obligation to participate in a “substantial” way in these auctions, to quote two-way prices for government bonds on secondary markets with paying attention to maximum spread and/or minimum turnover requirements.
Furthermore, primary dealers may have access to some other privileges such as special financing facilities which can be transformed into monetary equivalents………..
On the one hand there are the noncompetitive bidders from the auction. They will be called type 1- individuals and they may act as buyers or as sellers of government bonds on the securities market. On the other hand there are other subjects who are not endowed with government bonds. We call this last group of agents type 2-individuals. They only can act as buyers of public bonds………….”
http://www.ifk-cfs.de/papers/99_11.pdf
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List of current Tier 1 level Primary Bond Dealers here:
http://www.newyorkfed.org/markets/pridealers_current.html
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These tier 1 level PBD’s operate in nations other than those that they are based via different names or via affiliations with locally based financial institutions. I documented some of these affiliations in a previous post:
http://www.interest.co.nz/ratesblog/index.php/2010/03/31/top-10-at-10-reporting-on-the-report-card-irish-bank-implosion-robbing-nations-dilbert/comment-page-1/#comment-68634
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The share of the debt bond issuance market that the various PBD’s control are recorded in league tables:
http://markets.ft.com/investmentBanking/tablesAndTrends.asp
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The share of the action that their commissioned affiliates in NZ are receiving is recorded here, toggle to bottom of page:
https://www.firstnzcapital.co.nz/website/Application/#Services/InvestmentBanking
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A recent analysis of the 2007 financial markets of 48 countries has revealed that the world’s finances are in the hands of just a few mutual funds, banks, and corporations. 80% of global stocks cross-owned by same 10% majority stakeholders:
http://www.insidescience.org/research/study_says_world_s_stocks_controlled_by_select_few
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A chart of the international structures of a PBD’s
https://www.credit-suisse.com/investors/doc/simplified_legal_entity_overview.pdf
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At a time when we are told we need to take on less debt and promote more productive export orientated export activity, General Electric, a transnational behemoth majority stakeholder owned by private investment banks, is underwriting storecredit in NZ at 0% interest for four years, while other institutions cross-own are charging business loan rates of 14% odd. GE ownership lists here, take note banks maintain ownership on rising bubble, then sell to mutual funds just before they pop it:
http://moneycentral.msn.com/ownership?symbol=GE

Private investment bank cross-owned institutions are monopolising global media
http://www.freepress.net/ownership/chart/main
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I now put the question to all, Who is funding our deficit? and is it possible we are suffering at the hands of a predatory lending scam that the IMF and credit rating agencies are complicit in?
“Joseph Stiglitz won the Nobel Prize for Economics in 2001. He was Chief Economist of the World Bank between 1997 and 2000. So when he says that the IMF are ‘free-market fundamentalists’ working in the interests of Wall Street, the world ought to sit up and listen. The NI interviewed him in London.”
http://www.newint.org/features/2004/03/01/imf-failure/

“Credit-rating agencies, widely assailed for their role in fueling the financial crisis with overly rosy debt ratings, stand to earn a few hundred million dollars in the government’s latest attempt to heal the credit markets.”
http://online.wsj.com/article/SB123751980140092361.html#mod=testMod

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