John Key says in this UK Telegraph interview that you get out of life what you put into it. telegraph.co.uk/news/worldnews/australiaandthepacific/newzealand/11156005/John-Key-the-poor-boy-who-saved-New-Zealands-economy.html?fb Please read the John Key interview article. Then please read this information below to understand that John Key did not gain his wealth by honest enterprise, but as a street peddler of the private central banking network counterfeit credit, by conning people that he was putting something up at real risk, when he in-fact had nothing, then walking away with the deceived peoples currency under false pretenses. Then play spot the difference. John Key was no mere currency trader, he was a counterfeit credit creator; publiccreditorbust.blogspot.co.nz/2013/07/in-2011-lee-farkas-went-to-jail-for.html John Key - The Unauthorised Biography Weekend Herald Sat July 19 2008 Into the big time John Key we had this beautiful thing going because we were the first to supply margin trading to big hedge funds. We had the capability to cross-sell them several products using one bit of margin. Remembers Bellotti: I brought him to London and he shot the lights out there too. Within three to four years Merrill Lynch, London, was regarded as one of the premier businesses.Key explains: I had a whole lot of people working for me who were at the cutting edge of delivering quite complex and new and innovative products. They tended to either be a new product or into a new market, usually the emerging markets, Russia, Brazil, Argentina. I wasnt the guy sitting there dreaming it all up, but I was the guy who was responsible for those people. Did he foresee the problems which resulted in the sub-prime crisis? Was it hard to predict? Not really. Back in the late 1990s Key was in his element, working at the centre of the universe for FX. He presided over around 140 dealers trading billions of dollars a day. The Asian markets came in in the morning and New York in the afternoon. Within two years we went from being 43 in euromoney to number three, Key says. He never mucked up, says Bellotti. Although they lost money, as you do, he never panicked, never stressed out, just did his job.Geoff Massam, a New Zealander then running the IT part of Merrill Lynchs FX business, now with Deutsche Bank in Connecticut, remembers how Key would be on the phone to the Governor of the Reserve Bank, Don Brash: Though he wouldnt do it in a name-dropping way - he was talking to people like that all the time. publiccreditorbust.blogspot.co.nz/2013/05/former-investment-banker-and-current.html publiccreditorbust.blogspot.co.nz/2013/04/john-key-international-investment-bank.html publiccreditorbust.blogspot.co.nz/2013/03/john-key-new-zealand-prime-minister.html Please read on and play some more spot the difference; RBNZ Money Week. Please listen up or the joke is on you. Please compare the information in this RBNZ video; rbnz.govt.nz/research_and_publications/videos/whatismoney.aspx with the information contained in these official documents at this link below that detail from the horses mouth New Zealands present money system structures. Then play spot the difference; publiccreditorbust.blogspot.co.nz/2014/04/on-record-official-documented-impact-of.html Banking in New Zealand Fourth Edition - published by the New Zealand Bankers Association in 2006 - makes it very clear that presently every dollar of currency circulating in New Zealands money system originates as an interest bearing loan owed to a private owned lending institution that supplies brand new currency and not already existing currency they act as a middleman organiser for. There is no third party, ultimately only the lender and the banking institution that sits at the end of the wholesale credit supply discount chain. New Zealands money system is presently administered by an international private central banking network - of which currently sits at the end of a wholesale credit liquidity discount interest chain - an accountancy system of credit weighed against available natural resources - as opposed to the re-lending of already existing pools of liquidity as often portrayed - Chapter 4 - The Creation of Money and Credit - is especially enlightening; johnpemberton.co.nz/Banking_in_NZ-06-final.pdf THE CREATION OF MONEY AND CREDIT what Actually Happens in reality, although the process outlined in the previous sections could occur, cash balances in bank vaults no longer act as a constraint on bank lending in the way that they might have up until the latter part of the 20th century....... in such an environment, there is still scope for a bank to expand its lending and create credit, but it is dependent on there being net inflows of funds into the banking system as a whole. These inflows of funds may come from depositors from outside new Zealand (and we have seen significant inflows of funds from such sources in recent years), or from the government making net deposits of funds into the banking system (through its fiscal policy, as outlined below). We also have a situation where, since 1985, new Zealand banks have not had any specific reserve requirements applied to their deposit liabilities. This means that, in theory, banks could keep on creating credit and expanding their loan portfolios indefinitely. in such an environment, it is the cost of credit, based upon the costs that banks have to pay to raise the deposits, that becomes the constraint on the quantity of credit that is created. end Then please watch this RBNZ video below to see how the completely inaccurate misleading information in the posted video becomes the information then passed onto politicians by university grads, that they then swallow and regurgitate as gospel, that then causes New Zealand as a whole being ripped off by foreign bankers. Its like watching indoctrination 101; rbnz.govt.nz/research_and_publications/videos/findingyourplace.aspx Anyone wanting to know the intricate details of how the British Colonial Heritage Private Central Banking Empire gained their control over the economy of New Zealand and many others by predatory lending of counterfeit credit, please read this link here; publiccreditorbust.blogspot.co.nz/2014/09/warmongering-british-colonial-heritage.html If this does not excite you, I dont know what will?
Posted on: Tue, 14 Oct 2014 06:37:43 +0000
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