The Truth About New Zealand by A N Field 1939 - A fascinating monetary aspect to New Zealand History
Sat, 20/02/2010 - 00:45
Iain Parker has scanned the first 4 chapters of this 1939 book.
This is a fascinating account of New Zealand history, one mostly not told, because it looks at it with a monetary perspective. ie how money affected what people did and how well they prospered.
Bankers impact upon New Zealand race relations
http://publiccreditorbust.blog.com/2010/02/17/bankers-impact-upon-new-ze...
Quote:
The first four chapters of - The Truth About New Zealand - by A N Field 1939A must for anyone wishing to fully understand the forces that first drove the thin end of the wedge between the common Maori and Pakeha that might well oneday see this nation follow down the same sad, well worn, repeated path that other nations have suffered. Damaging deceit is often more about what is being left out by vested interests, than what is being left in, unless the deceits of all parties are fully exposed, no reconciliation in fact will ever occur and one of histories greatest opportunities, New Zealand, will be lost.
The book starts like this:
Quote:
Pg 1CHAPTER I
A FLAW IN THE FOUNDATIONS
When the colony of New Zealand was founded in 1840 one person in every seven in the British Isles was a pauper on the rates. Emigration offered a way of escape from the prevailing distress directly or indirectly affecting nearly all classes; and it so happened that at this juncture Edward Gibbon Wakefield came forward with a plan making the promotion of emigration attractive as a financial speculation.
Wakefield’s plan was for an emigration company to’ acquire land overseas, and to sell this land at a Sufficient Price, emigrating thereto both capitalists and labourers. The sufficient price was to be sufficiently low to attract the capitalists, and sufficiently high to be out of reach of the labourers without a period of careful saving from their wages. In this way the capitalists would be provided with a permanent supply of labour, to work their properties, and as the labourers saved enough to acquire holdings of their own, funds would be available from the money they paid for land to emigrate more labourers, and also to yield more profits to the promoters of the scheme.
The distress which was the driving force behind the emigration movement was due to the monetary manipulation after the Napoleonic wars, by which a heavy war debt incurred in paper money was made repayable in gold. The consequences were similar to those more recently experienced when the same thing
Pg 2
was done after the European war of 19I4-18. Prices fell heavily, unemployment became widespread, and at the other end of the population much money was heaped up in the hands of a few men looking for investment and speculation.
As usual Iain provides a great insight.
Sat, 20/02/2010 - 23:34
#2
Unbelievable
Quote:
The new bank looked askance at Mr. Russell’s large and speculative account, and Mr. Russell, in high indignation, persuaded Mr. Larkworthy to join with him in establishing a local bank, the Bank of New Zealand. NoPg 8
sooner had the new bank opened its doors than rich goldfields were discovered in Otago, and by the simple process of printing notes and using them to buy gold from the diggers, the bank was soon in possession of the sinews of war. It got on its feet at once, and became a flourishing success.
The connection between the Bank of New Zealand and the Government of New Zealand was close and intimate from the start. The bank got the Government account almost immediately, and retained it until the establishment of the Reserve Bank in 1934
A history of debt-enslavement and basically corruption designed to extract as much labour and wealth from the poor and enrich those already rich as possible.
It beggars believe that the people stand for this.
Sun, 21/02/2010 - 04:30
#3
Is New Zealand Still This Corrupt?
Is New Zealand Still This Corrupt?
It's a blindingly obvious question.
I suspect the answer is yes.
Quote:
Speaking in Parliament in 1883 during Mr. Whitaker’s second Premiership Sir George Grey said “I conscientiously believe that two or, three great’ establishments, all really under one directorate, do’ exercise in the Legislature of this country an undoubted and dangerous influence. I sincerely believe that I is existing Government is maintained in its place by those bodies… I say that even among the voters it will be a long time before that independence can come about which ought to prevail, because I fear many of them are in some manner entangled with engagements’ which will place them at the mercy of those persons who rule those different great bodies of which I speak.I go further and say-and in saying this I know, of course, that I create, and must create, a great many enemies-I firmly believe that the same persons by monetary influence control a great portion of the press “One great central power in New Zealand oppresses it from end to end. That central power is moved by the Premier, and the Premier is the solicitor of these great moneyed corporations. Is it just? Does it give the people of New Zealand a fair chance? Is it not hard for a man to know that if he cries for justice some debt upon his estate may he made the cause of his ruin instantly? Is it right for us to feel degraded by knowing that such is the case here? … As long as this continues I see’ no hope for ourselves or our country.”
Many people resist this idea.
It cannot be true they say.
Well, this snippet again explains the process:
You see how the bank starts with just £1000 of real money, of gold coins, but manages to create an extra £8000 that was not there before.
There is no doubt the money must have been created, created out of thin air.
And there are two distinct forms of money. The real money, the gold coins, the money with an inherent value and usefulness, and the paper money, in this case money substitute, it being redeemable for the real stuff.
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