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Politics Today

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Discussions Politics Today Politics Today

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  • #1707261
    Profile photo of paulinempaulinem
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    Member since: July 8, 2006
    Topics: 14
    Replies: 735
    paulinem

    40,000 houses built under John A Lee (secretary for Housing) using credit from the Reserve Bank. “The sums advanced by the Reserve Bank were not subscribed or underwritten by other financial institutions. This action showed … it was possible for the State to use the country’s credit in creating new assets for the country” – Ministry of Works Report 1949.
    Pure Social Credit.
    The new Housing Minister, Phil Twyford, is using private sector finance. Most of the houses will be built in Auckland but all of us will be paying the fees and interest that generate the profits for those private sector funders.
    Why not use our own bank like Lee did at no cost to us? From Social Credit Napier branch

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    #1707265
    Profile photo of paulinempaulinem
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    Member since: July 8, 2006
    Topics: 14
    Replies: 735
    paulinem

    NZ First MP and Minister for Regional Development Shane Jones wants apple growers to employ Kiwis first and doesn’t believe they can’t find enough workers.

    “This is not exclusively a government problem. If you are going to put your money at risk and you haven’t given a lot of thought or come up with a plan for human capital then you can’t howly bag to the government every time financial capital outstrips human capital,” he said.

    #1707295
    Profile photo of arandararandar
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    Member since: November 23, 2009
    Topics: 61
    Replies: 10558
    arandar

    I used to pick apples and peaches in my school holidays.

    I received a reasonable wage, free accommodation in bunk rooms on the orchards  and food I had to prepare myself each day.  It was like a camping trip with work. We almost always prepared food to share and ate dinner together.  I loved it, and other than toiletries and my return tickets on the bus, I was able to save most of what I earned.

    It’s what schoolies and uni students did – seasonal work in the orchards, meatvworks, and shops for the Christmas rush – and Business seemed able to afford it. It was, like now, a period of full employment and NZ was pretty prosperous back then. (Mid to late 60s.)

    Thirty years later, I went kiwi fruit packing. What a difference. Same long days, same hard physical work but minimum wage, no accommodation, take your own packed lunches, tea bags or instant coffee, no public transport so get yourself to the orchards and packing sheds, at your own expense, rain meant no picking so no packing so no pay but you still had to clock in, just in case.

    I think the old ways were better – seasonal work is best suited to the very young or itinerants say, tourists and grey nomads, people with few if any financial and family responsibilities who, if provided with a wage, accommodation and food, would be happy to work and save their earnings.

    🌊Arandar🏄🏽‍♀️

    #1707297
    Profile photo of lilith7lilith7
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    Member since: April 9, 2017
    Topics: 2
    Replies: 1809
    lilith7

    I think that marked contrast between the two situations – identical apart from conditions/wages – are a good illustration of how much NZ has changed with regard to workers conditions & value of workers by employers. Many employers don’t seem to understand that employees who are fairly treated are far more likely to work harder.

     

    >”If you look after your staff well, they will look after your business. Simple.”
    Richard Branson
    • This reply was modified 1 week, 2 days ago by Profile photo of lilith7 lilith7. Reason: MORE gobbledegook!
    #1707434
    Profile photo of paulinempaulinem
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    Member since: July 8, 2006
    Topics: 14
    Replies: 735
    paulinem

     

    There  is to be a political poll soon  on legalizing cannabis/marijuana… is this a good idea Grownups

    Study: Michigan medical marijuana users are driving while high

    More than half of the medical marijuana users in Michigan have driven under the influence of the drug, creating a potential for car crashes, according to a new study from the University of Michigan.
    The study, which surveyed 790 of the state’s medical marijuana patients, revealed that:

    • 56 percent reported driving within two hours of using marijuana.
    • 51 percent aid they drove while  a “little high.”
    • 21 percent reported driving while “very high.”

    The findings were published Wednesday in the “Drug & Alcohol Dependence” journal.
    “When you are intoxicated with marijuana or you have marijuana actively in your system it can affect things like your coordination and your reaction time,” said the study’s lead author Erin Bonar, an assistant professor of psychiatry. “We know it can take several hours for its effects to wear off.”

    She added: “There is a low perceived risk about driving after using marijuana, but we want people to know that they should ideally wait several hours to operate a vehicle after using cannabis, regardless of whether it is for medical use or not,” Bonar said. “The safest strategy is to not drive at all on the day you used marijuana.”
    About 270,000 people in Michigan have permission to use medical marijuana. Only California has more medical marijuana users, roughly 916,000, according to statistics.
    And now that recreational use of marijuana has been approved by the state’s voters, the potential for high drivers and any dangers they may pose is greater.

    “We believe more research is needed to inform a larger public education effort that will help individuals understand the risks for themselves, and others, of driving while under the influence of cannabis,” Bonar said. “It is especially needed during this time of rapid policy change as many states are determining how to manage marijuana legalization. We also need clearer guidelines about marijuana dosing and side effects with an understanding of how individual differences in things like sex and body weight interact as well.”

    In its study, the U-M team surveyed Michigan adults who were seeking medical marijuana certification for chronic pain in 2014 and 2015. The researchers asked about respondents’ driving habits for the past six months.
    https://www.freep.com/story/news/2019/01/09/medical-marijuana-driving/2516322002/</p>

    #1707455
    Profile photo of jensjens
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    Member since: May 3, 2006
    Topics: 22
    Replies: 7513
    jens

    Well, paulinem  –   with reference to your  posting January 10th,  you are  right  in that Labour  started  building  state houses  by Keynesian  credit (public  debt) creation, but John A. Lee became unpopular within Labour when he  wanted in true Social Credit  style to  exceed the  building rate  beyond what  Labour  under Mickey Savage  thought as being  sustainable –  which resulted  in him being expelled  from  Labour when his  public critique  of Mickey Savage  happened just at the  time  of  Mickey’s premature  death.

    Perhaps it will comfort you, paulinem, that  “social” credit  “out of  nothing” ( actually  to be backed by the people’s capacity  of  debt repayments)  is similar and limited in benefits by exactly the  same factors   as  individual  bank  credit “out of nothing”  –  adequate  capital  reserves to start with, and adequate  savings rates  for debt repayments, accompanied  by a  modest rate  of inflation  because  of the  extra debt  currency in  circulation.

    As  has  been mentioned  before, this  mild rate  of inflation is a tolerable  price to  pay for the  benefits of  repayable  debt availability, and as a “tax”  against  hoarding too much  cash out of  circulation.

    But unlimited  “debt free” credit  beyond  repayment  capacity  and  intention –

    is  pure inflation, which reduces  value of the  currency and  leads  towards  bartering and  black  marketing, , because  the  currency becomes increasingly  worthless.

    Surely,  Social Crediters do not  desire  that, but  how  could they  prevent it  without an adequate  savings rate  for  debt repayments?

    • This reply was modified 1 week, 1 day ago by Profile photo of jens jens.
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    • This reply was modified 1 week, 1 day ago by Profile photo of jens jens. Reason: Because it does not come out properly
    #1707494
    Profile photo of paulinempaulinem
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    Member since: July 8, 2006
    Topics: 14
    Replies: 735
    paulinem

    Jens I know nothing about the politics of the Savage/ Lee era   I  wasn’t born back then in the 30s as I supect you  you also were not around do its pointless to discuss it !

    What I will discus is the Keynesian economy of my time and what I witnessed in this era. You see Jens I worked from 1966 until 1984 in the POSB, the biggest SAVINGS bank in NZ.

    YES Jens people saved back then I witnessed this. I saw Mum and Dads etc etc come in on pay day and put money into their savings acc to save for some future plan ie a holiday going over seas to do their OE. You see Jens unlike life under the liberal economy of today their was NO credit cards … you spent what you saved or earned. Yes their was HP available and bank loans  to buy a big item ie car furniture etc …which was paid of in m0nthly payments WITH interest Jens. BUT you had to satisfy the lender you could afford to repay it back.

    My first morgage for $12,000 I could only get with my father in laws guarantee! And that bank SBS I had saved for approx 4 years nearly $500!

    Take the Liberal economy credit cards are easy to get …A man I know went to Australia to make big money in the mines as you see he had gambled  quite a bit in NZ and he was going over there after his business collapsed bedebt because of his gambling and he went over to Aussie  to try repay debt  and recover  some equity for his wife and family to live on.

    Well it didnt work, he went into the outback to the mines and yeap gambled more etc. Came back to NZ for his wife and him struggling to get rid of their debts …His son now lived and worked in Perth…..the man used his fly by points to fly over to Perth to join his son as his wife was starting to question him etc about his gambling … He was over in Perth for about two to three months and decided he better head for home in NZ he  emailed his estranged wife to pick him up at the Christchuch airport. In the course of traveling home he admitted he had  used the   empty credit card he had before he left NZ to put on it NINE THOUSAND of credit …… yeap the marriage collapsed as result !

    His son did repay the debt of the card…but this man now lives in  lonely with no loved ones around town in a rented flat.  The question I  challenge you Jens with  is the Australian  banks part in the mans down full …WHAT were they doing allowing him to put nine thousand on to his credit card as the man had no job etc  This Jens  is easy under a Liberal economy as banks CREATE the credit in the same way Lee created no interest credit with the reserve  bank to build homes in our Keynesian  economy. The difference is under the Liberal private bank creation they charge good Interest  for their credit cards and  EXPECT real hard earned  money to repay it all back!!

    #1707508
    Profile photo of halcyonhalcyon
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    Member since: May 4, 2014
    Topics: 9
    Replies: 4761
    halcyon

    paulinem, why blame the service organisation for this man’s poor behaviour. When I read what you have written I can see several points in his life where he would have been challenged to face his gambling.

    The other side of the coin is that many people can use credit in a manner  that allows them to manage periods of penurious. Credit allows people to access future earnings to manage current debt.

    My Grandparents would have loved to be able to obtain credit during the Big Depression. They were paying off their home. When my grandfather became redundant they had to forfeit their home due to being unable to repay the loan.

    Actually, it is time people took responsibility for their actions rather than place the blame elsewhere.

    Already disturbed, approach with caution.

    #1707509
    Profile photo of jensjens
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    Member since: May 3, 2006
    Topics: 22
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    jens

    paulinem, your story is good  evidence  of how  a systematic savings rate  generates opportunities and success in life –  and  unlike critic – you must have noticed  that  I  am also  seriously critical  of  “neo-liberalism” because  it  still  fails to make  sure that  you  just  should not be  able to  consume or  gamble  away your  whole income  –

    and  opposes  a universal (retirement) wealth  creative  savings rate (and the NZ Super Fund) on the  grounds of that  is  “restricting  liberty”, and because  “everyone  knows  best  how to spend  his  money”.  –

    (E.G.)Like that  despicable gambler you mention  –  bah !

    I think as long as National does  not  change its tune on that (opposition to compulsory  saving) it  will remain  un-electable.

    And I  think you understand  now, that the sustainability of  a big  house  building boom will require  a  higher  national  savings rate than what  we  have had  so far.

    My story  about John A. Lee  is published history. In   1960 – 1980 before  John A.Lee  died, we were  business neighbors  in the Symonds St – New North Rd. area in Auckland, where he had a book shop where I bought  his  life  story book written by himself, an he  bought  sandwiches  or  cookies  quite often  in  my  home cookery. He  knew  I was  an advocate of “peoples  capitalism ” within  the National party, and he knew that I knew his political  history – and we only smiled at  each  other in friendly understanding but never  discussed  economics nor politics.

    Anyhow, he was a successful capitalist after all.

    Can you not  forget  Social Credit in  favor of  the  Third Way  towards  participation  in wealth  creation and  ownership by all, paulinem ?

    • This reply was modified 1 week, 1 day ago by Profile photo of jens jens. Reason: Did not come out correctly
    #1707514
    Profile photo of paulinempaulinem
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    Member since: July 8, 2006
    Topics: 14
    Replies: 735
    paulinem

    Halcyon …before we changed to a liberal economy, Gambling machines  were not allowed in NZ. SInce we changed they have been introduced,  I question the benefit of this decision, especially when I hear of  the many whom have lost a fortune due to it addictive tendency on players. It would be interesting to hear other grownups tell us how they feel, with now the easier ability  of considerable money on credit cards etc by private Australian  banks and the addiction of these machines.

    The great depression was caused by liberal economy, it was the introduction of keynesian economy that got NZers like your grandparents out of trouble.

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