New Zealand business commentator - Bernard Hickey - showing how the foreign profit and interest drain has made New Zealanders poorer since 1970 t.co/UHJE2Ql7Iw - An analysis of the national accounts since the early 1970s shows that the share of GDP accruing to foreigners has risen from around 1% to as high as 7% in 2008. A combination of asset sales to foreigners and increased foreign debt has seen the net investment deficit (it has always been a deficit) rise from NZ$79 million or 1.2% of GDP in 1972 to a record high NZ$13.34 billion or 7.4% of GDP in 2008. This is referring to dividends sent back overseas to foreign owners or rising values of assets owned by foreigners or rising interest payments on debts owed to foreigners. With a few obvious different structures and amounts aside - how much does what veteran US money market commentator - Dylan Ratigan - says in this video currently apply to New Zealand - I for one challenge that our current structure works far more in the interest of Wall Street and the City of London - than they do any other street in New Zealand? youtube/watch?v=gIcqb9hHQ3E Please read these two articles in relation to above to gain a greater understanding of the foreign financial free raid we are suffering and then please-please attempt to do something to stop it; publiccreditorbust.blogspot.co.nz/2013/07/what-is-at-end-of-discount-interest.html publiccreditorbust.blogspot.co.nz/2013/04/universal-public-credit-public-policy.html
Posted on: Sun, 04 Aug 2013 03:26:43 +0000
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