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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (76689)	7/21/2011 12:07:35 PM
From: Maurice Winn	1 Recommendation Respond to of 217944

It is possible that NZ could make Switzerland look like a poor relation. But it's not likely that a reversion to VVV will happen any time soon, though Prime Minister John Key is exceptional in his understanding and ability in regards to financial markets and people in general. For example, just the other day he was visiting Facebook and Google, presumably with a view to doing what I have thought should be done for years - which is turn NZ into a low tax Cyberspace paradise for hordes of Geeks to live, work and play, seasonally opposed to the northern hemisphere and operating on the opposite circadian rhythm from the financial centres of London and New York, filling in a large gap between west coast USA and east coast Asia. He is in a position to talk seriously with them and financial institutions with a view to establishing large development, support, and financial resources operating out of NZ servicing the world. That's in the future though, maybe. But in the present, debts are racing up at US$1.3billion a month with no visible means of repayment while quarter of Kiwis are not producers and another quarter "work" for various government institutions which is not actually productive. There has been an enormous cultural shift over a period of 40 years from a Protestant work ethic, to a welfare bludger, suck on the government teat society. Producers are heading for Australia and elsewhere in droves, where they get no welfare, no entitlements, must work for self-support, pay taxes and generally have a good time. I am heavily short the NZ$ vs US$, which has been a bad move for a decade. The USA seemed bent on self-destruction, taking NZ$ from 40c in Y2K to 85c today. Not that I had US$ all that time. The stash of US$ cash has increased as Qualcomm has paid large Happy Meal dividends. Mqurice