The Economy

I have a couple of points to raise on the Economy:

1.

The Tax Working group, IRD favors a Land Tax, Treasury favor any new Tax, either Land or a Capital Gains:

They spoke about a whole range of reasons: I dont care I am just sick to death of Property Developers owning multiple homes, claiming for taxes, driving prices up and down:

I dont think we need to punish people for their hard work, just that all people and there interests need to pay there way properly, to pay for what they use and consume:

I would prefer lower income taxes and higher consumption tax, or no or very little income tax, and you make it up on the consumer side, workers will need to pay insurnace, health and education fees: So it will be roughly the same, but more aligned to effect those who use the services: Fuel will rise so people will drive less, anyway thats getting into another days blog:

2.

The world was in shock as the NZD soared towards new territory on speculation about secret talks that have been taking place for a number of years now almost a decade, where Arab and OIL wealthy countries with the likes of China, Japan, EU and Russia have been in discussions to move away from using the USD to trade OIL, and using other means such as then Yen, Gold, Yuan, EU, and perhaps another Arab currency - maybe the Arabian Union.

Japan come from the meeting and said we still like the USD: The same PM who was newly elected after the now Opposition Party has run that country for the past several decades: The same PM who said we need to re check our situation with the USA, to the say the next day we love America:

hmmm:

America is worried and rightly so, its run as the worlds dominant super power has done more harm than good, and they havent really got anything out of it: If they to start losing huge chunks of business, such as these Oil States not using the USD to trade in, where they have something like 80% of International Reserves, to lose half or a quarter would be devastating.


Gold currently around 1050 - I can see going to 1200 - and even 2000 in years to come.

The Last thing to add is the Banks who fraud ed their way to not pay tax through a range of very complex tax avoidance schemes, will see the 4 major banks - Pay IRD over 2 billion in un paid taxes and fees:

This is shameless on the banks, who are the life blood of our economy, they control all our money and we are at their every whim, some more than others especially those with a mortgage:

About time we get the money back, in terms though of where we are at in the Recession, I would say some where between above ground and deep below hell:

Two World Wars, Iraq and Afghanistan, The Housing Bubble, Bear Sterns, Blue Chip and the 4 Major Banks its a little wonder anyone has anything left.