Bernard Hickey and Jenee Tibshraeny chew over the week of protests, the inflationary effects of a minimum wage hike, how the RBNZ might unwind its money printing and possible tweaks to the CCCFA
The protesters are acting like fascists rather than traditional protesters because they are effectively being indoctrinated and led by extreme fascists.
There are people behind the social media accounts exploiting the "algorithms".The toxic unreality being spewed out by them has become an existential risk for NZ Democracy.
Jason Stanley -"Part of what fascist politics does is get people to disassociate from reality. You get them to sign on to this fantasy version of reality, ..."
Toxic right wing unreal politically propaganda, shared by Antivaxxers on social media, has convinced people that the governments are trying to poison them and the children with vaccine. Of course the more deluded deranged people are acting accordingly. Until their unreality bubble is burst, this extreme right wing will continue to incite violence, world wide.
The good news is that the majority of New Zealand is not falling for it.
Some thoughts on your CCCFA comments. Jenee is spot on, need to wait for more data to determine the overall impact. However, the banks are saying (and I'm seeing) borrowers who would previously have been able to borrow to buy a house can no longer. How many vulnerable borrowers are in a position to buy a house?
This legislation was not designed to slow the housing market. It was intended to protect vulnerable borrowers from loan sharks. The CCCFA updates released in December began their legislative journey over 5 years ago, and have had unintended consequences for first home buyers, older borrowers, and small business owners.
There are some elements of the legislation that are great, such as all lenders needing to be registered, and senior management identified. The prescriptive nature of the servicing requirements has been wholly unhelpful for the bulk of lending in $ terms.
The fact that 'buy now pay later' was excluded is a joke - probably the area most likely to catch out vulnerable borrowers.
Just listened and must agree with Jenee it is a very big call to link the current protest to the Christchurch killer. I just can't make the jump.
There's a case that the Capitol event was a threat to US deomcracy but is this group in NZ really a threat to ours? Maybe I am not appreciating the level of violence and crimes that you can see when on the ground there..... you mention parking illegally and throwing eggs. What else has the crowd done so far that puts them in the same group as Christchurch? Can you tell us more about the death threats you mentioned? I agree with pretty much everything you write so please help! Thanks
I checked out the counterspin media site over the weekend. Its is quite extraordinary some of the nonsense these guys are pushing out. Its also clear that these people are getting enough funding and traction from external sources to keep pushing out their message and there is no certainty that all this funding is home grown. I understand the concerns with a mandate. There is certainly some who are keen to have punitive measures put on the group of people who have chosen not to get with the program. However the misinformation and just pain stupidity here highlights the need for a mandate in the first place. It has been badly handled by the government. The mandate was required however we needed to define its limits and bring every one along with the process we have a government who has largely pretended the dissent is not there and hasn't had a plan to deal with it. Even in my professional work place and among friends we all have people who have been sweped up in some of this nonsense and we have had months of trying to deal with the anti vax group.
But surely if interest rates rise and mortgage payments say double that takes the money out of circulation. Whether that is good or bad is a different question.
Personally I am anti-mandate, particularly where it relates to vaccines which have unknown long term effects, don't prevent infection, and do not prevent transmission. I've been vaccinated myself, but I don't support the idea that people should be stripped of their jobs and freedoms because they've decided they don't want one for whatever reason.
As for Brexit and Trump, I disagree with you on them as well I am afraid Bernard. But let's leave that for another day!
The protesters are acting like fascists rather than traditional protesters because they are effectively being indoctrinated and led by extreme fascists.
There are people behind the social media accounts exploiting the "algorithms".The toxic unreality being spewed out by them has become an existential risk for NZ Democracy.
https://www.grid.news/story/misinformation/2022/02/11/the-canadian-freedom-convoy-is-backed-by-a-bangladeshi-marketing-firm-and-right-wing-fringe-groups/
https://www.theatlantic.com/technology/archive/2022/02/facebook-hate-speech-misinformation-superusers/621617/
Jason Stanley -"Part of what fascist politics does is get people to disassociate from reality. You get them to sign on to this fantasy version of reality, ..."
https://www.vox.com/2018/9/19/17847110/how-fascism-works-donald-trump-jason-stanley
Falling into the ‘freedom’ movement ... and getting out
https://www.stuff.co.nz/world/australia/300516583/falling-into-the-freedom-movement--and-getting-out
Toxic right wing unreal politically propaganda, shared by Antivaxxers on social media, has convinced people that the governments are trying to poison them and the children with vaccine. Of course the more deluded deranged people are acting accordingly. Until their unreality bubble is burst, this extreme right wing will continue to incite violence, world wide.
The good news is that the majority of New Zealand is not falling for it.
https://twitter.com/TinaNgataPublic/status/1453461595854573569
Some thoughts on your CCCFA comments. Jenee is spot on, need to wait for more data to determine the overall impact. However, the banks are saying (and I'm seeing) borrowers who would previously have been able to borrow to buy a house can no longer. How many vulnerable borrowers are in a position to buy a house?
This legislation was not designed to slow the housing market. It was intended to protect vulnerable borrowers from loan sharks. The CCCFA updates released in December began their legislative journey over 5 years ago, and have had unintended consequences for first home buyers, older borrowers, and small business owners.
There are some elements of the legislation that are great, such as all lenders needing to be registered, and senior management identified. The prescriptive nature of the servicing requirements has been wholly unhelpful for the bulk of lending in $ terms.
The fact that 'buy now pay later' was excluded is a joke - probably the area most likely to catch out vulnerable borrowers.
Just listened and must agree with Jenee it is a very big call to link the current protest to the Christchurch killer. I just can't make the jump.
There's a case that the Capitol event was a threat to US deomcracy but is this group in NZ really a threat to ours? Maybe I am not appreciating the level of violence and crimes that you can see when on the ground there..... you mention parking illegally and throwing eggs. What else has the crowd done so far that puts them in the same group as Christchurch? Can you tell us more about the death threats you mentioned? I agree with pretty much everything you write so please help! Thanks
I checked out the counterspin media site over the weekend. Its is quite extraordinary some of the nonsense these guys are pushing out. Its also clear that these people are getting enough funding and traction from external sources to keep pushing out their message and there is no certainty that all this funding is home grown. I understand the concerns with a mandate. There is certainly some who are keen to have punitive measures put on the group of people who have chosen not to get with the program. However the misinformation and just pain stupidity here highlights the need for a mandate in the first place. It has been badly handled by the government. The mandate was required however we needed to define its limits and bring every one along with the process we have a government who has largely pretended the dissent is not there and hasn't had a plan to deal with it. Even in my professional work place and among friends we all have people who have been sweped up in some of this nonsense and we have had months of trying to deal with the anti vax group.
But surely if interest rates rise and mortgage payments say double that takes the money out of circulation. Whether that is good or bad is a different question.
Personally I am anti-mandate, particularly where it relates to vaccines which have unknown long term effects, don't prevent infection, and do not prevent transmission. I've been vaccinated myself, but I don't support the idea that people should be stripped of their jobs and freedoms because they've decided they don't want one for whatever reason.
As for Brexit and Trump, I disagree with you on them as well I am afraid Bernard. But let's leave that for another day!