He's right, of course. And his explanation reads well, just doesn't bade well.
"The daily trade in NZ currency is equal to half the country’s annual GDP. This is crippling our ability trade as it imposes a huge cost to our export sector.
It is also sending us broke.
It is also how our Prime Minster got rich. He didn’t work hard, he didn’t create some innovative product, he didn’t add value to any process; he was just a filter feeder in a system run by filter feeders. His wealth he skimmed from those who were working honestly in the field of international trade."
Friday, August 17, 2012
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4 comments:
Keys made his income by money trading on the exchange market often at the expense of developing countries as Traders push up inflation.in these countries
Another name for money trading ..gambling with other peoples money for your own benefit
And without money traders enabling us to bring foreign funds onshore how would we pay our exporters?
Paranormal
para you twit - the people who complain most about the current situation are this country's exporters - principally farmers - our dollar is about 30% over valued - great if you want to buy a 50" TV though.
And PM - the "developing" country Key may a lump of his money from was good old NZ - though given that we have been going backwards economically for the last 30 years we could hardly claim to be "developing" I would say decaying more likely - certainly deteriorating
So I'm a twit am I, when you don't even have an inkling what might be driving our dollar up.
Ever wonder who was paying for Christchurch? Maybe you should ask why the NZ dollar is in such high demand?
Is that enough of a clue leftard?
Paranormal
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