We need to talk about New Zealand’s ballooning debt crisis that the mainstream media seem to be ignoring.
The only hope we have for political change in New Zealand is if people learn the truth about the bankrupting of our country. For the last 30 years, New Zealand has been run responsibly and the most debt New Zealand has ever had before Labour came to power in the last election was $62 billion.
It’s now double that and is expected to reach $160 billion by election day. Basically the government is borrowing and dumping 15 billion dollars into the economy every month.
Our economy is worth approx 300 billion which means it turns over 25 billion dollars a month so this amount is absolutely staggering. It is the same as you going out and borrowing 60% of your monthly wage and spending it on things you will never get a return from like booze and drugs, because that’s what the government is doing, getting the New Zealand economy addicted to these handouts. We are in for a world of pain when these handouts end and the money has to be handed back. Mass taxes must follow mass debt.
The media are completely ignoring the debt crisis, which shows how completely they have been bought off. Maybe if we share this article around we can get the word out?
These are numbers so large that they are difficult to comprehend. 160 billion dollars is 1,600 metric tonnes of one hundred dollar bills. It’s staggering. This is on top of the printing or ‘quantitative easing’ of tens of billions of dollars.
A billion is a difficult number to comprehend, but one advertising agency did a good job of putting that figure into some perspective in one of its releases.
A. A billion seconds ago it was 1959.worlddebtclocks.com/newzealand
B. A billion minutes ago Jesus was alive.
C. A billion hours ago our ancestors were living in the stone age.
D. A billion days ago no-one walked on the earth on two feet.
E. A billion Dollars ago was only 13 hours and 12 minutes, at the rate our government is spending it.
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