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


Here is the Money

Media Release

Thursday, 18 September 2008

Here is the Money

Candidates had no answers for the Priority One audience at Bay Court this week, which was no surprise to Democrats for social credit (DSC) candidate for Tauranga Katherine Ransom. “They can’t ‘show the money’ because most of it is tied up servicing debt.”

“They promise growth and infrastructure without a whisper of how it must be paid for  more debt. Except for DSC, none of the parties inside or outside Parliament will face up to what is really wrong,” Ransom claims. “We are borrowing ourselves to death, and yet one major party is still blithely talking about borrowing more.”

“Tauranga can have growth. It can have public transport and other essential infrastructure. It can even have a university with a medical school. But under the present economic system, nothing will get done without borrowing from commercial banks, and paying for everything twice and three times over through usurious interest charges.”

“Meanwhile, our hardearned wealth billions of dollars every year in interest alone  floods off overseas and into the pockets of the already rich. Rates go up, prices go up, businesses go under and everyone loses.”

“DSC has an alternative  creating credit at cost from the publiclyowned Reserve Bank of New Zealand. It has been done before, for state housing, the Rural Bank and marketing boards, enhancing the prosperity of all New Zealanders for decades.”

“If elected to Parliament, this is exactly where I would start  advocating hard for the funding of local body infrastructure, public works, education and health through community credit, lent at cost (less than 1%) from the Reserve Bank,” says Ransom.

“Individuals will have more money in their pockets through lower rates and prices, business will thrive, Tauranga will have sustainable growth and everyone wins.”

“Community credit from the Reserve Bank of New Zealand  there’s the money.”


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Life And Times Of Peter Dunne

In the end, Mr Pragmatic calmly read the signs of impending defeat and went out on his own terms. You could use any number of clichés to describe Peter Dunne’s exit from Parliament.

The unkind might talk of sinking ships, others could be more reminded of a loaded revolver left on the desk by his Cabinet colleagues as they closed the door behind them, now that the polls in Ohariu had confirmed he was no longer of much use to National. More>>


Gordon Campbell: On Labour’s Campaign Launch

One of the key motifs of Ardern’s speech was her repeated use of the phrase – “Now, what?” Cleverly, that looks like being Labour’s response to National’s ‘steady as it goes’ warning against not putting the economic ‘gains’ at risk. More>>


Lyndon Hood: Social Welfare, Explained

Speaking as someone who has seen better times and nowadays mostly operates by being really annoying and humiliating to deal with, I have some fellow feeling with the current system, so I’ll take this chance to set a few things straight.. More>>


Deregistered: Independent Board Decision On Family First

The Board considers that Family First has a purpose to promote its own particular views about marriage and the traditional family that cannot be determined to be for the public benefit in a way previously accepted as charitable... More>>


Transport Policies: Nats' New $10.5bn Roads Of National Significance

National is committing to the next generation of Roads of National Significance, National Party Transport Spokesperson Simon Bridges says. 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>>





Featured InfoPages

Opening the Election