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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: KyrosL who wrote (70530)10/6/2008 2:18:02 PM
From: Maurice Winn1 Recommendation  Read Replies (1) of 74559
 
Yes, John Key and co in the National party will be an improvement over Hard Labour's lesbian coven of regulatory kleptocratic socialists. But they will be far from perfect, being 3 on a scale of 0 to 10 compared with Labour's 2.

I won't be voting for National. I will vote for Rodney Hide in the Epsom electorate and Act for the Party vote. If they had a chance, I would vote Libertarianz, but they can't get an electorate seat as far as I know and will get nowhere near 5%.

Labour has run the country into the ground. The major problem is $100bn borrowed from Japan to revalue houses higher, using the paper profits to make coffees for each other and have overseas holidays. High agricultural prices and high tourism for several years covered the sins for a while.

Now, we have high oil prices, $100bn to be repaid, reduced tourism and agricultural income, a bludging population which has been taught that life is a free lunch, a large and burgeoning wastrel spendthrift government kleptocratic suffocatocracy, unemployment heading up, house prices heading down, It's a very ugly picture. Crime is booming with swarms of violent criminals having been produced by the welfare state, including regular child and infant murders and terror.

In footie terms, it's called a hospital pass, from Labour to National. The NZ$ has been heading down - down from US83c to US64c so far. Oh, I just checked again and since I went to sleep it has fallen to 62c. People seem to be noticing that things are not all good.

If NZ$ goes to US40c, that would seem about right.

Mqurice
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