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


John Key’s money market mates will prosper

John Key’s money market mates will prosper under National

“National Party’s desire to borrow from conventional sources for infrastructure development, will not only add further burdens to the many taxpayers by way of debt servicing, but will also help feather the nest of the few, his money market mates” said John Pemberton, DSC Finance Spokesman.

“Those who wheel and deal in the money market at present will be rubbing their hands with glee knowing that under National, John Key and Bill English will expand the government’s debt programme. In the current financial climate the prospect of debt instruments being traded and secured against the taxpayer will be a bonus.

“It is bad enough to suffer the effects of the current borrowing programme under a Labour Government without this being extended even further by National.”

Mr Pemberton commented that New Zealanders must surely now reflect on the change that has occurred in the National Party. A party that has only one answer of its own to offer – borrow more than Labour and help feather the nest of their leader’s money market mates. In all other respects it has become, unashamedly, a Labour look-a-like.

He said that New Zealanders must be wary of someone who has spent so much time brushing shoulders with the powers that be within our current financial system.

“The personal success of Mr Key within this system needs to be measured against the huge growth in debt and financial instability that now surrounds him.

“John Key’s credibility can only be rescued if he promotes an honest money system, where New Zealanders own and control their own money supply - a system where necessary funding was obtained, for infrastructure and environmental protection, from within our own shores, at a mere cost of administration using our own Reserve Bank.

“The only nests to be feathered in this case would be the New Zealanders and their families” concluded Mr Pemberton.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Back Again: Government Approves TPP11 Mandate

The Government has approved a negotiating mandate for Trans-Pacific Partnership 11 (TPP11), which will ensure New Zealand businesses remain competitive in overseas markets.

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>




Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>


Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>


Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>


Treaty: Agreement In Principle Signed With Moriori

“The Crown acknowledges Moriori was left virtually landless from 1870, hindering its cultural, social and economic development. The Crown also acknowledges its contribution to the myths that the people of Moriori were racially inferior and became extinct." More>>


Susan Devoy: Call For Inquiry Into State Abuse Reaches UN

Race Relations Commissioner Dame Susan Devoy is in Geneva and has asked a United Nations committee to urge the New Zealand government to initiate an inquiry into the physical and sexual abuse of children and disabled people held in state institutions. More>>


(Not National): Cross-Party Agreement On Pike River Re-Entry

The commitment was signed this afternoon by the leaders of Labour, United Future, The Maori Party, and the Green Party and, together with the earlier commitment by New Zealand First, means that there is now a Parliamentary majority behind the families’ fight for truth and justice. More>>






Featured InfoPages

Opening the Election