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The NZ Herald has an article that begins thus:
Labour’s call for the dole to be paid to redundant workers even if their partners were on high incomes would cost about $1 billion over three years, Prime Minister John Key said today.
“It demonstrates (Labour) haven’t got their heads around what’s happening in 2009,” Mr Key said.
“It’s not that I don’t have sympathy for those people but in the end someone has to pay the bill – and there aren’t little pixies at the bottom of the garden printing cash.”
Mr Key, your nose is growing. That is exactly what the NZ Government has done since 1934 – printed money at will – and it’s the same thing that Hitler did before World War Two. It’s called fiat currency, and every time the government prints some money each dollar in your wallet is worth less. You see it as inflation, and it’s one of the ways that the government steals from you.
We should return to a gold-backed dollar without fractional reserve banking, where each dollar bill is exchangeable for a quantity of gold that actually exists. Only then can Key truthfully say that there are no pixies at the bottom of the garden printing money, and only then will we be free of the government theft that is visible as inflation.
For a full understanding of this topic see What Has Government Done To Our Money?.
Then there’s this clanger from Key; It demonstrates (Labour) haven’t got their heads around what’s happening in 2009. In my humble opinion Key hasn’t got his head around what’s happening in 2009 either, but that’s what happens when you’re a Keynesian Socialist.