Borrow more money, Govt told

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Mon, 28 Jan 2013 7:38a.m.

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An investment manager says the Government should borrow "as much money" as it can.

An investment manager says the Government should borrow "as much money" as it can.

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31/01/2013 6:06:13 a.m.

Wiseacre wrote:

To learn more about how banks create money out of thin air by selling interest-bearing debt, look up 'fractional reserve banking'. To remove your support from this banking enslavement, join your local not-for-profit credit union.

30/01/2013 8:05:36 a.m.

Mike wrote:

@Shadoe another of the uneducated masses. Go get an education. Oh wait, you wouldn't get out of bed for that!

Banks dont issue money, they are a business which deals in money. They will borrow it cheaper than they lend - thats the whole point of a bank. Remove the banks and what happens to the money? Remove banks and you basically remove money, and how will you pay for stuff without money?

Most businesses depend on banking, and without the banks they will be out of business.

So we have the uneducated who apply their own bigotry and lack of education to banking, and wont look further than the end of their own nose.

The unions could run their own bank. The unions have sucked billions in union dues out of working NZrs. What do they have to show for it? Well a few members have been able to live like kings on the work of others. We get docos from time to time of this/that union boss, eg the union boss on the Melbourne waterfront who was a crime boss there for over 30 years - he was what the left see as a good union man! That he oversaw prositution, drugs, assualt, even murders ... those just the daily operations of a properly run union ...

The problem is unions can't look after money, hence they look to organised crime who can look after money.

Around the world the organised crime and unions are heavily mixed. Take Helens directing an SFO investigation of Dover Samuels for links to organised crime, when his only crime was he worked for the Labour party and it was an excuse used to bench Dover Samuels, even though it was manufactured!

29/01/2013 9:31:56 a.m.

shadoe wrote:

Agree completely with Wiseacre, luckily people are starting to wake up to the truth...and Mike - writing while on drugs doesn't do you any favours...altho it's good for a laugh.