ADVANCE New Zealand

A non political design for our economic future

MEDIA RELEASE

Thursday, 5 February 2009

Australians woke up this morning to the news that their ‘socialist’ government has bailed out their economy by putting every man, woman and child in the 'lucky' country into debt to the tune of Aus$9600. Being that lucky they should all go and buy a lotto ticket.

Of course there are other countries who are equally as lucky because a similar story emerges out of Britain, France, China, South America, Japan etc where people have stopped spending because they can’t access ‘credit’. In ‘Godzone’ our capitalist government is also engaged in a bailout of the money system to mitigate the impact of the downturn on jobs and businesses.

In all this it should be noted that the ‘money’ for the bailouts is being borrowed, at the expense of future generations of taxpayers. Both John Key and Bill English are right alongside Kevin Rudd, Gordon Brown and Barrack Obama in using the debt mechanism which over the past 100 years has left a legacy of failures in providing long-term solutions to the world’s recurrent economic meltdowns.

The common denominator in this debacle is the use globally of debt as money and using the same mechanism of debt as money as a solution will simply create the ideal conditions for the next crisis.

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