New Zealand Green Party Co-leader alludes to issuing our own currency without the private financial snakeoil selling middlemen.

Today 21-12-2011 the speech from the throne was made and speeches in reply given. Can be viewed here http://inthehouse.co.nz/video_archive of them all I believe Green Party Co-leader Russell Norman came the closest to suggesting anything that will free us from pyramid scam orchestrated upon us by the wealthiest private families who have monopolised and corrupted the global banking system.

He came the closest to saying that New Zealand has the right to choose, as it has done in the past, cut out the private financial snakeoil middlemen and issue our own money borrowed from no-one, owed to no-one to fund our infrastructure and convert what nature provides for free into our assets. Many citizens probably think we do that now, but are sadly mistaken.

Russell Norman evening of 25-11-2011 prior to election day said when interviewed by Bernard Hickey;
“The other unconventional thing they could do is for the Reserve Bank to buy government debt. If the government is going into the international market and was struggling, that’s one way to do it.”

In reply speech to speech from the throne he said “Other parties in this House continue to represent the elite economic and social consensus of the 1980s and 1990s Labour and National governments in which we aim to maximise GDP growth and hope that trickle down will mean those at the bottom get a few crumbs. Thirty years later and many of our families are still waiting for the trickle down.
Even our private banking system can bring the world to its knees and escape largely unchanged from the melt down. The Westpac CEO earned a $5.4 million salary this year, which included a $260,000 tax cut — an early Christmas present from the government. Why is this Parliament giving taxpayer-funded Christmas bonuses to the obscenely wealthy and not the poor?
Christ didn’t accept that gross inequality is inevitable and neither should we; isn’t it time we turned the money tables over in the temple once again?
Our current political and business worldview has become so focused on endless growth that it has to conveniently ignore the increasing social and environmental collateral damage that comes from mindless growth without values.”

To see the amazing outcomes of issuing our own sovereign dollars without the foreign middlemen and what the National Party opposition of the time said, please read below;
Book – Man to Man – by Tom Skinner 1981 – Michael Joseph Savage explained the State housing scheme to Tom Skinner of the (New Zealand) Federation of Labour;
“While Joe spoke I began suddenly to grasp the Labour philosophy related to the creation of credit. It set me off thinking about money and what it meant to the economy. The Government, figuratively speaking, could rub a state house debt out of the books because a building stood in its place. But money created by the banks in order to gain profits in the form of interest was the other side of the coin. It was unproductive, inflationary creation of money if unmatched by equivalent goods and services…..”
“I have read and believe that monetary mismanagement is the greatest evil of our time. It breeds injustice, increased costs and, as the root cause of inflation, it diminishes the value of our money. Governments should carry out their pre-election promises and take the necessary steps to reform the monetary system. It can be done only by making the State the sole authority for the issue of currency and credit….. unfortunately, in this area politicians seem to be abyssamally ignorant of elementary financial and economic truths.”

From The Cradle To The Grave – A biography of Michael Joseph Savage (First New Zealand Labour Party Prime Minister 1935-1940) by Barry Gustafson 1986;
Pg 198-9
The National Opposition (1936) was astonished by the use of Reserve Bank credit for housing, which disregarded traditional principles of budget finance. Forbes (George Forbes ex Prime Minister 1930-5 Great Depression era) admitted confidentially to Stewart (William Downie Stewart Jnr – Finance Advisor);

“This places them in a unique position, the houses after erection carry no interest on capital cost, and for instance a thousand pound house can be let for 5s per week and be a financial success. The millenium seems to have arrived and it makes one wonder why we had to struggle in the bog, when there was such an easy way out of our troubles, houses, after being built with the highest paid workers in the world, at the lowest cost heard of, makes our policy of orthodox finance seem almost prehistoric.”

In July 1962 the leader of the Labour Party, the Rt. Hon. W. Nash, made a lengthy statement in which he said;

“Consistent with the needs of a sound economy, the State should create and use credit at the cost of issue for purposes of approved capital development. We are satisfied that the use of Reserve Bank Credit, within the limits set out is not only justified, but has already contributed much towards the Nation’s economic well-being.”

Thus, 27 years too late, Nash accepted the policy on which Labour was elected in 1935.

For the full history of New Zealands proud struggles to break free of the private international elitist banking scam please read this in full here http://publiccreditorbust.blog.com/2011/08/13/difference-between-ch-douglas-social-credit-and-international-labour-movement-public-credit/