tag:blogger.com,1999:blog-4822259594352375763.post8872521039403950193..comments2024-01-09T23:21:40.634+13:00Comments on Thoughts from 40° South: Ridiculous and dishonest excuses for housing bubbleKiwiwithttp://www.blogger.com/profile/10507667837257013301noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4822259594352375763.post-81847827156861945532016-07-12T23:04:00.158+12:002016-07-12T23:04:00.158+12:00OK, I understand the money supply I think. It work...OK, I understand the money supply I think. It works out about $NZ 80,000 for each of us. I don't know how the Reserve Bank can increase actual money by lowering interest rates.<br />I suppose money created by loan, is within this M3 figure, but not the value of ownership of property. <br />But the graph you lead us to does show that massive increase.<br />Can the Reserve Bank tell other Banks who to, and how they can lend money.? <br /> <br />I can not really imagine Banks saying to big wealthy investors, no sorry, the socialist State does not like you any more. You can not borrow money, and we are giving all your assets to the Kiwi house corporation game set up by Winston and Nick..<br />It really is weird for Government to think that we can swallow that line.even <br />I suppose you know that not just Nat [ Nick Smith ] but also Peters all approve of Confiscation of property now. The Nanny State could order executions of wealthy land owners, especially foreigners, bread an circuses. paul scotthttps://www.blogger.com/profile/15675247055484136242noreply@blogger.com