Westpac & ASB economists now see the RBNZ holding OCR after North Shore delta case triggers nationwide level four lockdown; PM says four more cases found overnight, including one hospital worker
Actually Government can produce and park the bonds on the balance sheet of the country without borrowing from anyone else at all. Also $10,000 is not “fair” at all.So dependents have to included and time and resources invested and it needs to equitably raise their boat. Which doesn’t mean paying the rich anything and wasting our collective balance sheet on those that don’t need it and are likely to invest it poorly (destructive industries and sharemarkets) Nice try though. 😂To a woman with dependents (yes they require good housing and their own resources and transport to be mentally and physically healthy etc) on a low income $10,000 does not go far in terms of debt or paying obligations dumped solely on her for example, despite laws to the contrary and would certainly not house her and vulnerable dependents in their formative or elderly years. Particularly with costs of necessities like power, education etc escalating (again to provide profits to those same people you say are entitled to $10,000.00 as well) over decades of unregulated extractive capitalism. A working class woman or man same position 10,000.00 won’t be acceptable risk to private banks if they’ve consistently been financially attacked or constrained under same and our famed “low wage economy” (make that no wage for women having children) purposefully again by the aforementioned greedies. So given we now all know money is all just printed/created and as debt and always was but held by the few it’s a great opportunity despite my nitpicking above to lift the poorest (always women with children and exploiting reproductive and unpaid labour to benefit men immediately and the economy eventually) with an est value of between $4-10 million per person “produced” and est $30 million in productivity per person grown, raised and launched successfully 😂. So direct monetisation into these poorest and most productive plus the services they need to support them is the best bang for buck. The fundamental problems of comprehension remain in our political classes desperate to hold onto the oppressive and sexist mirage the elites constructed for us to live in. Which is all unscientific irrational and not based in reality. The Glasgow meeting on Climate Change could provide a great opportunity to reform the monetary, financial system to be fit for purpose (it’s not) and this has been done before. This should be reality based and include everyones contributions thereby freeing the slaves which it does not “account” for currently. Significant omissions and oversights I would have thought. Oopsy. It was designed for men of a certain class by men and largely goes to markets producing masses of rubbish (literally) or destruction and death via the military industrial complex. They’ve really done all our chips in haven’t they? I’m sure a good mathematician can do the sums accounting for all variables reproductive and unpaid labour input x time spent for output achieved then the compensation required by all these clever dickies in charge who simply used it and never paid for it. That’s proper capitalism isn’t it? User pays.
Well I guess house prices will be going up again as I doubt the Govt have any imagination to put it into infrastructure or social investment due to the Public Finance Act mentality. As a 50 year old my appointment was bumped out yesterday and now have to reschedule later this month. I haven't seen my own daughter for more than 5 years who lives overseas so that might as well be 8 years from boarder closures. In the mean while I wait for a niece to come back to Sydney who has no family while my husband I know has vulnerabilities as he has already been in hospital for pneumonia in his 20's and doesn't have the best lungs and we live in a cold small dwelling and can't isolate from each other.