Friday, November 19, 2010

The madness continues.


Meanwhile, as the neo-liberal circus carries on, China is spending as much of their US dollars as possible in buying concrete assets and resources before the $US becomes as valueless as blankets and beads.

New Zealand continues to invest pension and other funds in $US investments (Money market gambling)..
Without the productive capacity and income within NZ to support pensioners and other investors in future it does not matter how much is saved. Re-introducing money into an economy which does not have the capacity to absorb it simply inflates that money to the degree the goods and services are not available.

The money would be better invested now in NZ  in infrastructure, education (For useful jobs such as the trades and engineering) and sustainable energy efficient production to ensure our kids have a future. And so the can keep us in old age.

That is if the US$ has not inflated to be almost valueless because there are already more dollars floating around than can ever be redeemed by future US productivity.

No comments:

Post a Comment