18/09/2026
2/12/2023
NZ MEDIA REFUSE TO EXPLAIN THE ECONOMICS OF POPULATION GROWTH.
(Kiwis are not returning to the standard of living we once enjoyed.)
When Jacinda Ardern's daughter starts working she will join the most indebted generation in history.
She will inherit government debt that no other generation has had to deal with.
If she stays in Auckland she will inherit record Council debt and fewer council income-producing assets than any other generation.
If she buys a house in Auckland (presuming prices don't increase above 2023 valuations) she will have the largest mortgage of any generation in history. (based on an average mortgage without a handout from her parents)
The sad irony is that her mother will have paid a large part in the debt mountain her generation is facing.
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( The following article is kindly reprinted thanks to NZNews)
1/12/2023
GRANT ROBERTSON, DESTROYING NZ'S WELFARE SYSTEM.
The most indebted finance minister in New Zealand history has shouted himself one last treat after billing the taxpayer $39,605 for a holiday to the rugby World Cup in France. The cost included more than $32,000 in business class flights and more than $5000 in accommodation costs for the Minister and his staffer.
During his 6 years as finance minister Grant Robertson made political history. He not only borrowed more money than any other finance minister ever, but his excessive spending (and alleged coercion) forced the Reserve Bank to print a record (and currency-destroying) $55 billion dollars.
When Grant Robertson took over as Labour Party Finance minister in 2017 government debt was around $59 billion, in six short years Robertson, Ardern, and Chris Hipkins borrowed another 145 billion dollars, more than any other political party in history and the previous 3 governments combined.
More than anything, Robertson's time as Finance Minister was marked by his effortless ability to mislead journalists and the public regarding the state of the NZ economy. In virtually every press interview as finance minister, Grant Robertson continued to parrot the lie that NZ had strong economic growth, while at the same time borrowing historic amounts of debt.
(NZ hasn't had economic growth for over 15 years. All we have had is catastrophic population growth while bank economists and politicians quote the meaningless and irrelevant GDP numbers that are distorted from massive immigration)
Most of the record borrowing was used in 4 ways.
1. It was wasted - including $97 million paid to lawyers and consultants to 'legally' steal water infrastructure from ratepayers so it could be given to interests associated with Labour.
2. It was used as political bribes including payments like $328,405.00 to develop a Pokemon-go-style reality game, based on To Ao Maori.
$2,110,000.00 for live music venues to increase diversity. $585,000.00 to develop a Te Reo Maori virtual reality game, and tens of millions more spent on projects and people aligned to the Labour Party.
3. It was used to pay for COVID-19.
When the global pandemic hit, something called the Covid Relief Fund was established. The fund doesn’t exist in any real way, it is just an accounting allocation within the government’s books which gives the impression that somehow there is free money that can be spent. Around $70b in total has so far been 'spent'. Additionally, much of this money has been spent on Labour's pet projects that have nothing whatsoever to do with Covid, but it has been a useful tool for shielding payments from scrutiny.
4. Lastly, most of the $145 billion in borrowing has been used to pay for catastrophic immigration.
Labour and the previous National Party have been using ruinous immigration to keep Kiwis employed building houses to keep the politically crucial unemployment number low.
Both parties (along with most NZ media) are calling disastrous population growth (immigration) economic growth, which is completely untrue.
Immigration is a multi-billion dollar industry for a few bankers, property speculators, large businesses, and politicians who own lots of homes. But it is disastrous for ratepayers, taxpayers, homebuyers, the environment, the economy, the homeless and our welfare system.
Population growth (immigration) for a resourced-based economy like NZ's is catastrophic.
Unlike the misinformation spread by politicians and media who have a vested interest ($) in immigration, there is an inverse correlation between economic growth and population growth, as can be seen in all the data as our population grows.
The ruinous financial burden of giving millions of migrants access to infrastructure - that has taken generations of taxes to pay for - is correlated to the historic debt, councils, (ratepayers) and government, (taxpayers) find themselves buried under, as they try to rebuild NZ's infrastructure to the standard we had when the population was 3 million.
(NZ's population is now 5.2 million people. The ideal population size for our economy, and to have a first-world standard of living is LESS than one million people.)
A historic $55 billion was also printed to pay for COVID-19.
It has been unofficially stated that Ardern and Robertson spent more money on their Covid response - on a per capita basis, than any other country in the world. This included payments to migrants with NZ citizenship who were living outside New Zealand while the country was shut down!
It doesn't matter what is said about Grant Robertson by his political friends or friends in the media. His legacy is entrenched in the financial and economic data available from Treasury.
Like his comrades Ardern and Hipkins, they have done more to destroy the affordability of NZ's welfare system than any political party in history.
Never before has our welfare system been more unaffordable, due to the debt on government books - and the money printing that is debasing the NZ dollar - than it is today.
The contempt for voters displayed by Robertson, Ardern, and Hipkins, when it came to telling the truth about our economy, was on another level, even by political standards.