Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Benson Pope a Distraction from Trade Deficit

Benson Pope a distraction

The Benson Pope Side Show is a convenient distraction from a Catastrophic Trade Deficit.

“As a percentage of exports, we have the largest trade deficit for a January year since 1976,” says John Pemberton, Finance Spokesman for the Democrats for social credit. “Yet all we see and hear are the parliamentary opposition parties whipping the media into frenzy over Benson-Pope. Yet another government will escape the need to deal with the issues of ever increasing debt.”

“The time has come when we must stop the nonsense of importing $1.42 worth of goods for every $1.00 we export,” says Pemberton.

“For 30 years and more we have been told by successive Finance Ministers and Economists that a large part of our imports are made up of investment spending which will lead to an increase in exports, smaller deficits and eventually surpluses, so our debts will decrease. It hasn’t occurred in my time and is not likely to happen in the next 50 years either, if all we do is carry on with the status quo.”

We must cut out the middlemen, remove the money-changers from the temple, take a responsible and independent stand, and negotiate reciprocal trade agreements between ourselves and other nations, says Pemberton. New Zealand would not be dependent on the world’s reserve currency - we would utilise our own trading credits.

“A bilateral form of trading, on equal terms between nations, will enable us to trade on a fairer basis with all,” Pemberton explains, “including those countries that desperately need our goods but under the current system cannot afford to buy them.”


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>


Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>


With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>


Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>


Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>


Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>


More Justice & Corrections

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news