It's very scary stuff ... can we trust 'our' banks ... the evidence would suggest no ...
Can we trust our Reserve Bank?
I don't know ...
Who owns our Reserve Bank? The Fed is privately owned ... but who pulls Orr's strings ...
Several years ago ... Don Brash blocked me when I asked questions ... why don't they like questions?
I think digital currency is inevitable ... but we need some sort of charter to protect cash ...
But I think they are going to completely collapse the World's economy ... take us into a very deep depression ... among other devastation ... weaken people to the point they are wiped out ... and begging for handouts ... and that will be the point that 'social credit' becomes the over-riding control mechanism ... welcome to 'serfdom' ...
Unless people wake up ... pretty much ... right now ... they are headed for a very bleak Orwellian future ... but with optimistic people ... like you Ursula ... who have a 'magic touch' with their community ... I think there is still hope ... as today's legal 'threats' to the WHO prove ... good people are fighting back ...
Your optimism and 'magic touch' ... gives me optimism Ursula ...
Thank you ... and on behalf of everyone your 'optimistic magic' touches ... please keep it up ...
To answer your first two questions the answers are 'no' and 'no'. I've been asking questions for months and the RBNZ unsurprisingly refuse to even acknowledge them now.
"...don't like questions..." No they don't like questions. So imo we must continue to ask them and report on the (non)answers.
Did you know Orr has sovereign immunity. From the BIS!
I'm not so sure about charters etc. It would be useful if people actually understood what they were dealing with when they talk about money. For a start it's not money. It's debt. And because that's the case you were born into serfdom. Started in 1934.
It would also be useful if people understood what 'legal tender' actually means. Charters aren't necessary. We can transact in what ever we like. And you don't want the RBNZ rubbish anyway. It's why we are where we are. As I said above, it's a debt product.
There's a reason you weren't taught this stuff when you were a little Plissken Boon. Read my (ongoing) history of NZ money if you're interested in this.
RBNZ is owned by the govt; not originally. It was partially private from 1934 until 1936 (Labour nationalized). But ownership doesn't matter. It's about control. The NZ govt has zero control. Literally. Anything that tries to present otherwise (e.g. Finance and Expenditure select committee) is a dog and pony show.
And who has control you may ask? That's our friends at the BIS.
And yes, they are going to collapse the global economy. It's intentional. Fiat currency in the current form has had its day. That this one has lasted 50yrs is unheard of--historically 30yrs is about the limit. That's what the central bankers and Blackrock (specifically) were talking about at the 2019 Jackson Hole meeting when they said they need a 'reset'. Sound familiar? Hence covAIDS. That's why that operation was then. Last gasp money printing, massive expansion of debt, collapse, CBDC...it's a great plan. Most people will fall into communism's open arms.
Look at the govt bond market and bond sales for the final collapse. Remember all bonds are debt. All starts there. Or I should say has already started there.
I should add the RBNZ have 'consultation' webinars on this. I've been on one. Asked a technical question and got a very surprising answer. Wont go into it here, but you might be interested in doing same. Go to bottom for times. Would do more on this if health was up to it; very frustrating because I think this is the most important issue -- among very many I know.
This is one of the reasons the RBNZ refuse to answer my questions. And yes, Orr is lying (about cash and other things). I've been asking them about this for months.
Have you got the new ATMS up your way? Kiwibank down here has moved to them. Not sure if any others have. No fees for any NZ banks from what I understand.
It's very scary stuff ... can we trust 'our' banks ... the evidence would suggest no ...
Can we trust our Reserve Bank?
I don't know ...
Who owns our Reserve Bank? The Fed is privately owned ... but who pulls Orr's strings ...
Several years ago ... Don Brash blocked me when I asked questions ... why don't they like questions?
I think digital currency is inevitable ... but we need some sort of charter to protect cash ...
But I think they are going to completely collapse the World's economy ... take us into a very deep depression ... among other devastation ... weaken people to the point they are wiped out ... and begging for handouts ... and that will be the point that 'social credit' becomes the over-riding control mechanism ... welcome to 'serfdom' ...
Unless people wake up ... pretty much ... right now ... they are headed for a very bleak Orwellian future ... but with optimistic people ... like you Ursula ... who have a 'magic touch' with their community ... I think there is still hope ... as today's legal 'threats' to the WHO prove ... good people are fighting back ...
Your optimism and 'magic touch' ... gives me optimism Ursula ...
Thank you ... and on behalf of everyone your 'optimistic magic' touches ... please keep it up ...
regards
pb
To answer your first two questions the answers are 'no' and 'no'. I've been asking questions for months and the RBNZ unsurprisingly refuse to even acknowledge them now.
"...don't like questions..." No they don't like questions. So imo we must continue to ask them and report on the (non)answers.
Did you know Orr has sovereign immunity. From the BIS!
I'm not so sure about charters etc. It would be useful if people actually understood what they were dealing with when they talk about money. For a start it's not money. It's debt. And because that's the case you were born into serfdom. Started in 1934.
It would also be useful if people understood what 'legal tender' actually means. Charters aren't necessary. We can transact in what ever we like. And you don't want the RBNZ rubbish anyway. It's why we are where we are. As I said above, it's a debt product.
There's a reason you weren't taught this stuff when you were a little Plissken Boon. Read my (ongoing) history of NZ money if you're interested in this.
https://craighutchinson.substack.com/p/nz-financial-resets
RBNZ is owned by the govt; not originally. It was partially private from 1934 until 1936 (Labour nationalized). But ownership doesn't matter. It's about control. The NZ govt has zero control. Literally. Anything that tries to present otherwise (e.g. Finance and Expenditure select committee) is a dog and pony show.
And who has control you may ask? That's our friends at the BIS.
And yes, they are going to collapse the global economy. It's intentional. Fiat currency in the current form has had its day. That this one has lasted 50yrs is unheard of--historically 30yrs is about the limit. That's what the central bankers and Blackrock (specifically) were talking about at the 2019 Jackson Hole meeting when they said they need a 'reset'. Sound familiar? Hence covAIDS. That's why that operation was then. Last gasp money printing, massive expansion of debt, collapse, CBDC...it's a great plan. Most people will fall into communism's open arms.
Look at the govt bond market and bond sales for the final collapse. Remember all bonds are debt. All starts there. Or I should say has already started there.
https://www.investing.com/rates-bonds/new-zealand-government-bonds?maturity_from=40&maturity_to=260
https://debtmanagement.treasury.govt.nz/
Totally agree about monetary theory problem - for reader's info, I did a post on these learning resources a while back here: https://open.substack.com/pub/informedheart/p/adult-education-and-monetary-theory
Oh that's great. Good set of links. Personally I'm no fan of MMT (Kelton et. al) but that's a long nuanced conversation.
I understand, but people have to learn their own lessons in life!
That's the key. There has been zero education; all ideas need to be debated imo.
I should add the RBNZ have 'consultation' webinars on this. I've been on one. Asked a technical question and got a very surprising answer. Wont go into it here, but you might be interested in doing same. Go to bottom for times. Would do more on this if health was up to it; very frustrating because I think this is the most important issue -- among very many I know.
https://consultations.rbnz.govt.nz/money-and-cash/digital-cash-in-new-zealand/
This is one of the reasons the RBNZ refuse to answer my questions. And yes, Orr is lying (about cash and other things). I've been asking them about this for months.
If you're interested
https://craighutchinson.substack.com/p/is-the-reserve-bank-governor-intentionally
and
https://craighutchinson.substack.com/p/is-rbnz-governor-adrian-orrs-statement
and more here
https://craighutchinson.substack.com/p/the-reserve-bank-of-new-zealand-grift
Thanks for sharing, I've added one of your posts to the article. Basically, they lie because they want us to believe cash is already defunct. It aint.
Have you got the new ATMS up your way? Kiwibank down here has moved to them. Not sure if any others have. No fees for any NZ banks from what I understand.
https://investor.ncr.com/news-releases/news-release-details/ncr-run-kiwibanks-atm-fleet-part-allpoint-network