This is the National and Act Party’s (N/ACT) quiet little banker buddy agenda that needs to be put a stop to!
It has dawned on me that the outsider majority of New Zealand have been conned bigtime by an old fashioned good cop, bad cop routine between the National Party and the Act Party. The smile and wave cult of popularity John Key using every ounce of his extraordinary skills as a con man to smooze the peasants into a false sense of security.
Mean while National have quietly backed major private banker friendly Act Party policies through the house.
The Auckland Super City was an Act Party puppy that has put $28 billion worth of public assets at risk in the hands of a very few obscure people.
Another Act Party puppy the Local Government Lending Authority amalgamated the tax rating bases of all local governments to be put up as collateral and they be allowed to borrow from the very same largest international private family banks under the same identity exemptions given them as the nationstate government enjoys. Only signatures of two councillors needed to sign off a loan. No details privy to the Official Information Act. Sold as saving councils money as their loans from private central banking network will have cheaper interest rates but history shows when you add secrecy to lending debt grows beyond what is forecast.
Another Act Party puppy is the Regulatory Responsibility Act implemented 2011 it means even if a nation attempts to act in the public interest of its citizens as opposed to the relentless maximising profits for private shareholders corporate charter it will almost certainly have to pay taxpayer funded compensation to private partner corporation for impedeing its corporate charter.
For example if the private partner pushes for electricity prices to be raised they would say its all good as we the public partner gain from the increased profits in sync. But what if elderly citizens started dying in winter because the cost of electricity was beyond them. If we insisted on reducing price of electricity in the public interest we would have to pay taxpayer funded compensation or if not the private partner will sue us in the international courts.
Just ask Australia who the Tobacco companies are currently suing over labelling requirements they want to impose in the public interest.
This is the National and Act Party’s (N/ACT) quiet little banker buddy agenda that needs to be put a stop to!
For evidence of what occurs when private corporations get their hands on the publics necessities of life please watch the doco movie – Enron – The Smartest Guys In The Room-
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