PM should stop protecting Banks

PM has to stop protecting Banks, says candidate  Friday, 18 November 11   John Key should stop protecting Banks, according to the New Economics Party candidate, Laurence Boomert. “More important than the teaparty scandal is the austerity measures that National will be implementing as our debt crisis lands next year. ACT of course, even if they don’t get into Parliament, will be prodding them for more heartless cuts to government spending.” “Our country is going down the same path as Greece. There has been more borrowing under National than ever before and if nothing changes we will, like Greece, be reduced to being slaves of the banks.” “Banks have benefited from a usury-based money system which can only increase debt exponentially. Banks create credit and then charge interest on the debt so the debt has to increase. And of course recently since the carry trade it has all escalated to grotesque proportions. “Globally we are in a right pickle now. We have to realise the ‘Age of Usury’ is coming to an end. Attempts to rescue indebted country with more debt will only delay the day of reckoning”. “The banks got us into all this mess and our Governments have been silent allies. When the people finally wake up to it all and start disbelieving experts like Don Brash and the IMF, we will finally get an economic system that doesn’t collapse. ”   For further comment phone Laurence Boomert 027 258 8807 http://neweconomics.net.nz    

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