“Because gold is honest money it is disliked by dishonest men.” Ron Paul Buying physical gold is a time-proven method of securing generational wealth, and a security measure often taken in times of economic turbulence. Gold investing has long been viewed as a hedge against inflation and a store
Every time Grant Robertson, as Minister for Finance, opens his mouth about the economy, the word Covid pops up. When I hear those two words in the same sentence, I cringe. To my mind, Covid is a bad word, not because I think it will kill me, but because it
The ANZ Chief Economist is a scold, ticking us off in a tone-deaf article at Stuff for not saving for a rainy day. This is called rich-splaining, when a person who has never experienced poverty gives you patronising advice on how to get yourself out of poverty. There’
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher PART 11 of 18 As described in Part 9 of this article, the unprecedented announcement by the UK government that it would create huge sums of money ex-nihilo and spend
There’s a term in economics, the precautionary savings motive, which refers to the point where consumers see enough trouble on the horizon that they start holding onto their cash for a rainy day. ANZ chief economist Sharon Zollner said Kiwis still have not reached that point, despite repeated warnings
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher PART 10 of 18 One of the first actions of the first New Zealand Labour government (1935-1949) was to nationalise the RBNZ. The first New Zealand Labour Government then instructed
Last week the government announced, yes I know, a plan for a new bridge over Auckland’s harbour. This announcement should be filed in the same basket as 100,000 new Kiwibuild homes in 10 years, light rail to the airport by 2021, planting a billion trees, and a bike
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher PART 9 of 18 It is notable, but unrelated of course, that in his book Mein Kampf, Adolf Hitler coined the term “Big Lie”, writing that “the broad masses” are more
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher PART 7 of 18 Now that you have a basic understanding of how banks operate, you may find it interesting to read how ill-informed a group of major bank CEOs
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher PART 6 of 18 In the mid-1980s, New Zealand’s building societies were de-mutualised and became trading companies. The trustee savings banks were allowed to morph into trading banks
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher PART 5 of 18 If banks respond to an increase in the OCR by increasing the interest rates that they pay and charge, the mainstream media (MSM) often report that the
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher PART 3 of 18 Economic booms and bubbles are caused by the fact that the money supply expands when banks create new loans faster than old loans are being repaid. The
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher PART 2 of 18 In PART 1 readers learnt that there is a widespread – but false – belief that banks are financial intermediaries that take in money from savers, aggregate it, and
Yesterday morning the National Party announced that they were proposing to re-write the education syllabus if they win the election. I’ve provided you with a link because it is now hard to find, such is the interest in the policy. Bold or stupid? I pick stupid because education
