ADVANCE New Zealand
A new design for our economic future

MEDIA RELEASE
Date: 16/09/2008 9:24:53 AM

Perception Versus Truth In Politics And Money

Paul Henry came up with a gem on TV One this morning when talking about politicians and the truth - he said that it is more about trust and "trust is more about perception than truth".

Most voters don't have the time or inclination to look for the truth and base their vote mainly on media driven perception.

The 08 election has a classic example of perception versus truth in John Key. The media has promoted Mr Key as some sort of financial wizard whose background equips him to deal with the economic issues we face when the truth is that if he was still in London this morning he would be clearing his desk and joining hundreds of others outside Merrill Lynch wondering what the hell happened to their jobs.

The so-called credit crunch is simply the culmination of a 300 year old train of events due to the ongoing use of debt as the foundation of economic activity. With the use of debt as money periodic episodes of 'adjustment' in the financial/monetary system are inevitable. As the debt factor is forcibly reduced an element of stability returns to the debt market and truth rather than perception briefly prevails - until the next derailment.

It is an irony that come November NZ will likely have a National PM whose rise will be based on the perception of success that has led to the failure of the global credit (debt) markets, while the only political party promoting the need for truth in economics is the Democrats for Social Credit and the media driven perception of them is they are a bunch of weirdo’s with a cranky view on the need for reforming the monetary system.

Now that's a truth worth thinking about.

ENDS

© Scoop Media