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September 27, 2014 8:00am by Kokila Patel

General Debate 27 September 2014

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General Debate

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nasska

From the sinecure of the opposition benches to the dole queue…..how the arrogant do fall JB 🙂
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September 27, 2014 5:12pm
Griff

I really really want one.
A nice ford flathead one was sold here a few months back.
http://www.youtube.com/watch?v=FF05PWVO_Dc
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September 27, 2014 5:24pm
kowtow

yeah johnboy

The legal dictionary defines “cultural ambiguity” as OK when brown people do it.
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September 27, 2014 5:47pm
wat dabney

Griff,

“Great wat if we actually invested in something besides our immigration driven housing market bubble.”

You see, it’s bollocks like that which makes it so clear to everyone that you’re just an ignorant bar-stool bore talking out of his arse.

Give him five minutes and he’ll start on global warming with just as much authority.

“Foreign finical companies may pay rates wages etc but the profit is going off shore as well as the higher paid management structures of such businesses.”

Again, you mean profits after local wages, taxes and rates have been paid. After wages were pushed higher in New Zealand thanks to the capital investment. After Kiwis aquired new skills and experience thanks to the higher-paying jobs created? After all that you resent foreign investors possibly getting a very modest percentage as a profit for their risk and delayed consumption?

You sound like a Marxist student.

It is foreign investment which transforms poor countries into rich ones.

The balance for outgoing investment to incoming is around 60% saying we are losing ground”

Fuck me. After having complained about the evils of foreign investment, and without missing a beat, you immediately move on to say that New Zealand isn’t getting enough of it.

You really do write complete bollocks don’t you.

Besides which, the actual numbers are completely the reverse of what you claim. Inward investment is vastly greater than outgoing:

Stock of New Zealand’s direct investment abroad (NZ$million) 22,513
Stock of foreign investment in New Zealand (NZ$million) 102,445

https://www.nzte.govt.nz/en/invest/statistics/

Jack5,

Try to understand the difference between sufficient and necessary conditions.
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September 27, 2014 6:21pm
Fletch

Griff, my Dad’s looked something similar – kinda like this pic – http://media-cache-ak0.pinimg.com/736x/39/52/d6/3952d6ca8d27763a7758f77872a67a5f.jpg

But not quite as rusty as the one in the pic. His was still in quite good condition when he sold it.

Like the one in the link, his didn’t have any lights either.
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September 27, 2014 6:40pm
Harriet

“…..Stock of New Zealand’s direct investment abroad (NZ$million) 22,513
Stock of foreign investment in New Zealand (NZ$million) 102,445…..”

I invest in shares from aussie – into aussie, NZ and US shares. The profit/loss then comes into aussie when I sell them . Likewise my father does to – from NZ.

Increasing the amount of kiwis who trade/invest is good all round – the government gets to ‘clip the ticket’ too.

Remember this: when you invest in company shares via the internet from as little as $500 — DO SO WITH YOUR EYES CLOSED – then open your eyes – and decide if you should sell or hold them – if you see that you should sell them – you can do so immediatly with the click of a mouse. And at worst loose very little of your $1000 – if at all any of it.

Then try the same with a bricks and morter business in your suburb with your eyes wide open and $100+k —- if it doesn’t work it may take months to sell. And you will loose a lot of your $100k. Plus you would’ve spent hours working in it – and forgoing money from another job.

You also spend about 20$ in transaction fees when you buy shares – and another $20 when you sell them – unlike with a lawyer, accountant and realestate agent in buying a ‘business’.

You can see where all the risk and hard work is – and who the ‘capitalist pigs’ really are!!!!
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September 27, 2014 6:46pm
Griff

Wat I said new Zealand is getting to much foreign investment we should be providing the investment cash internally instead we invested in a stupid asset class fucking housing based on a ever increasing market that adds 0 in real terms to productivity we dont as a people invest in productive assets the foreign investment is taking up the slack.
Drop your libertarian politics and think for a change wat
the housing market is boosted by immigration a population increase we can not afford to supply with infrastructure
it is also magnifying our cost for the aged health and super health costs are rising
our economy is looking good right now on paper .
because of the previous milk price boom and the insurance cash coming in for the rebuild
that’s fucked as building and reinsurance cost have rocketed and the milk price has dived
we are looking really bad going forward
rescission coming ?
wouldn’t surprise me have a look at the Aussies mining contraction and their markets for comoditys expect Aussie to suffer driving kiwis back home to increase welfare costs and unemployment
meanwhile lower milk prices down from $8 to $5 effect our rural sector in a contraction flowing throughout the economy.
doom and gloom
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September 27, 2014 7:01pm
Tinshed

Asenti Lole Taylor’s twitter account appears to have been hacked. Hilarity ensues. Latest tweet, “Am hearing whisper that David Cunliffe is very good friend of Mai Chen. Further proof that Labour is tapping Asian offshore interest first”
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September 27, 2014 7:31pm
goldnkiwi

Long live Judith Collins, especially as Minister of Justice. A probe in to ‘Hager’ 😉 would seem appropriate!!!!
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September 27, 2014 8:15pm
Don the Kiwi

Fuck off Harriet and Tinshed.

Can’t you see we’re discussing the merits of Fergie tractors. 😉
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September 27, 2014 8:17pm
Viking2

Fergies’ eh.
Couldn’t pull the skin of a rice pudding.

David Garret reckons “rice puddings” are a politicians delight

David Garrett (7,082 comments) says:
September 27th, 2014 at 3:51 pm

Red @ 3.10: For once I am in agreement with you…and deadrightkev for that matter…It is all the worse because he knows damn well that the “full and final” settlements he is negotiating will be no such thing…

I would have considerably more respect for Finlayson if he indulged his homosexual proclivities INSIDE the country as well as overseas…I’m told he is what is known as a “rice queen”…BWAV knows an awful lot about the homosexual sub-culture, so he may be able to confirm that that is the case…
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September 27, 2014 8:22pm
Distilled essence of NZ

This caught my eye: Is Key an actor in this plan?

In November of 2008, the United States National Intelligence Council (NIC), the US intelligence community’s “center for midterm and long-term strategic thinking,” released a report that it produced in collaboration with numerous think tanks, consulting firms, academic institutions and hundreds of other experts, among them are the Atlantic Council of the United States, the Wilson Center, RAND Corporation, the Brookings Institution, American Enterprise Institute, Texas A&M University, the Council on Foreign Relations and Chatham House in London.[67]

Outlining the global trends that the world will be going through up to the year 2025, the report states that the financial crisis “will require long-term efforts to establish a new international system.”

It suggests that as the “China-model” for development becomes increasingly attractive, there may be a “decline in democratization” for emerging economies, authoritarian regimes, and “weak democracies frustrated by years of economic underperformance.”

Further, the dollar will cease to be the global reserve currency, as there would likely be a “move away from the dollar.”[68]

Further, the dollar will become “something of a first among equals in a basket of currencies by 2025. This could occur suddenly in the wake of a crisis, or gradually with global rebalancing.”
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September 27, 2014 8:23pm
Distilled essence of NZ

Further…

“even in many well-established democracies, surveys show growing frustration with the current workings of democratic government and questioning among elites over the ability of democratic governments to take the bold actions necessary to deal rapidly and effectively with the growing number of transnational challenges.”

and finally – a quote from David Rockfeller

Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure–one world, if you will. If that’s the charge, I stand guilty, and I am proud of it.”

and people still deny that the elite bankers such as Key are trying to undermine democracy and national economies in the pursuit of globalisation.
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September 27, 2014 8:29pm
wat dabney

“I said new Zealand is getting to much foreign investment”

Countries around the world do everything they can to attract foreign investment, yet our Griff confidently opines that New Zealand is getting too much.

Brilliant.
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September 27, 2014 8:39pm
Sublime

There is some speculation that Hone Harawira threw Te Tai Tokerau.

http://www.whaleoil.co.nz/2014/09/hone-throw-ttt/

Had his staff perhaps filled him in on the backstory of who precisely he was working with, and what they had done to stitch up the election using his party, the Mana party, as the Trojan horse to get them into parliament.

Interesting …
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September 27, 2014 8:47pm
wiseowl

Well Griff we have two fergies like that for taking tours.
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September 27, 2014 8:52pm
goldnkiwi

Griff (7,496 comments) says:

September 27th, 2014 at 5:24 pm

I named my Fergie ‘duchess’, just like Andrew did lol ;).
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September 27, 2014 8:55pm
Rowan

Can the Hurricanes board sack new coach Chris Boyd before he starts as coach, the lions are 0-7 and definitely going to be relegated to the championship, next years super season can hardly be any worse than the lions are currently!
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September 27, 2014 9:28pm
Griff

We are borrowing billions
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September 27, 2014 10:03pm
Jack5

Twat Dabney rather pompously posted at 6.21:

Try to understand the difference between sufficient and necessary conditions.

This, after his earlier statement:

There is no question that larger, denser populations enhance economic growth: for reasons such as economies of scale, agglomeration, specialisation, diversification and the relative size and therefore costs of government.

Twat does not here specify whether he sees denser populations as a sufficient or a necessary premise or as both. All three positions are rubbish. Countries have progressed on smaller populations after devastating wars or epidemics, for example. China’s one-child policy that brought population growth under control contributed to its spectacular economic growth.

Twat’s argument ignores factors in population such as education, cultural factors such as propensity to delay gratification (that is to save), economic effects of various cultures, and general stability and cohesion of populations.

A surge in engineers and scientists such as Israel can be hugely beneficial. A surge in unskilled, poorly educated, poorly assimilated population can be a drag on economic growth per head.

The world is full of economic shit-holes where overpopulation strangles economic development and hope of development.

How fucking absurd to argue that merely by increasing population you necessarily increase GDP per head.

Twat in other threads has argued that NZ’s continuing current account balances are (and therefore always will be) irrelevant, another absurd position.
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September 27, 2014 10:23pm
Hugh Pavletich

WHEN WILL THE NEW ZEALAND LABOUR PARTY LEARN ABOUT ECONOMIC REALITY FROM CHINA PREMIER LI KEQIANG ? … http://en.wikipedia.org/wiki/Li_Keqiang

Li Keqiang encourages entrepreneurship in China｜Policy｜Business｜WantChinaTimes.com

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140927000048&cid=1201

… extract …

In his address at the opening ceremony of the annual meeting of the Summer Davos Forum on Sept. 10, China’s premier, Li Keqiang, underlined the importance of creativity and innovation in China’s development.

“When reform and innovation fuel a massive wave of entrepreneurship by the people at the grassroots level and across the 9.6 million square kilometers of China, the enormous power of the diligent and resourceful Chinese people will be fully unlocked and the engine driving China’s sustained economic development will constantly regenerate itself and remain powerful,” Li said. …

… Li said it is his belief that the Chinese need “to further liberate their minds, further liberate and develop the creativity of society, further energize businesses and the market, and remove all institutional obstacles to development.”

Eventually, everyone interested in starting a business will have more space for entrepreneurship and “the blood of innovation can flow unhampered in a society where everyone is full of the spirit of self-development,” Li said.

Hugh Pavletich
http://www.performanceurbanplanning.org/ & http://info.scoop.co.nz/Hugh_Pavletich
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September 27, 2014 11:12pm

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