Afewknowthetruth
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Shock move: Reserve Bank hikes OCR by more than expected to highest level since ’08
The Reserve Bank (RBNZ) has raised interest rates by another 50 basis points to highs not seen since the 2008 global financial crisis.
It’s set the official cash rate at 5.25 percent, with the central bank’s aggressive policy tightening continuing to try and tame sky-high inflation.
RBNZ had earlier expected the OCR to peak at 5.5 percent this year but the peak would now depend on the extent of the “moderation in core inflation and inflation expectations”, according to its monetary policy statement.
Nice joke. And poor English.
But today we start with tough local news. The overnight dairy auction saw prices fall -4.7% in USD terms, down -6.6% in NZD terms as the value of our currency rose. The key WMP price was down -5.2%, although the foodservice ingredients fared a bit better mainly with lower reductions. After the recent Fonterra cut to farmgate milk prices, analysts will be wondering whether another trimming will be in the works – and it will throw into question next season’s payout level.
Just wondering what has not been FUBARed by ‘the government’ and the international banksters of ‘Oceania’..
Hard to think of anything they have not FUBARed.
Average dwelling values in Auckland down by almost $200,000 in last 12 months, Wellington values down almost $300,000
It’s all coming to monstrous climax, as the criminal-clown of Kiev has given Russia its ‘last warning’ before the UkoNazis launch ‘The Greatest Spring Offensive’ to take Crimea.
If the NATOstan criminal-clowns don’t launch the offensive, they will completely lose credibility and the whole world will see them as the criminal-clowns they are.
“The thinking of an eight-year-old child.” Keep the money spigot open.
Meanwhile, Dima has reported that Russia turned its attention to Odesa again, largely demolishing a UkoNazi drone factory there.
A friend converted the last of his fiat digital money into gold and silver yesterday.
I spoke with an acquaintance today, and she told me she had converted her fiat digital money into a form she can control.
Another friend reported that the cost of sending a box airfreight has suddenly surged from $450 to $650.
Still seeing the ignorant and the indoctrinated wearing masks but more are waking up (or being awakened) every day. 🙂 day..
Another excellent SHTF update from Canadian Prepper (whose subscriber number has increase by another 10,000 in recent days).
One has to wonder whether Nate has been double jabbed or even triple jabbed with the cell biology modifier, since he has complained of ‘brain fog’ and ‘Covid symptoms’ more than once in the past couple of months. 🙁
Bakhmut is no more. Now Artemovsk.
We look forward to the day when the major sponsors of terrorism -both international and domestic- i.e. Airstrip Two and Airstrip One,the US and the UK, and the nations bullied into compliance with fake agendas of ‘Oceania’ by them, are also no more. That day is coming faster than most NATOstan fascists think possible.
Will France be the first of the occupied nations of Europe to throw off the fascist neoliberal ‘Oceania’ yoke?
Will the fascist neoliberal ‘Oceania’ ‘leaders’ provoke another civil war in America?
The battleground changes by the day -almost by the hour- and it’s hard to keep up all the aspects of collapse of the fascist-neoliberal ‘Oceania’ order.
Brent Crude (May Contract)
$84.67 up 5.9%The price of motor fuels on Airstrip Five was increased yesterday -not a huge increase, but grist to the mill that is in the process of bringing the house-of-cards arrangements down.
The next big one for Airstrip Five is the decision of the RBNZ (which has no Reserves) on interest rates, flagged to increase by another 0.25% in a market that is already collapsing ‘to tame inflation’.
Yeah, sure!
To demolish the financial system and the economy and usher in even more totalitarian fascism and control.
The peasants of Airstrip Five are not revolting yet -they learned how hard security batons are when applied to the head by The Scorpion- but they will revolt again when they can’t afford to buy food from the collapsing industrial food supply system.
But first we must have a few more rounds of price rises and a few more rounds of scaremongering about Eurasia and Eastasia by Big Brother’s agents in The Party and The Party Faithful, with a bit more Medical Mafia extortion thrown in. Maybe even a visit by the fake monarch to keep the idiots believing in ‘A Better, Brighter Future’.
My comment ‘Nice’ (previous thread) referred to the murder of civilians in Iraq by US military personnel in a helicopter, who thought it was ‘Nice’ and said so.
Julian Assange rots in a prison cell for exposing war crimes committed by Americans under the command and urging President G W Bush -yet another war criminal in a long line of war criminals who still walk free of criminal charges -Tony B Liar being one of many British war criminals, along with the latest fake who pretends to be leader, the Indian multibillionaire.
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Can’t wait for all this bullshit to be over. But we know who will suffer the most and suffer first: not the criminals at the top of the power pyramid but those at the bottom.The Scorpion has completed its skuttling for cover. But The Scorpion’s crimes will not be forgotten, despite The Chipmunk’s hoping that New Zealanders ‘leave her alone’.
Actually, left alone in a prison cell for a few years, i.e. solitary confinement, might be a suitable punishment for one of the most criminal ‘leaders’ in recent history. Breaches of practically every law -both on the Statute Books and natural law- by this vicious, murderous psychopath will never be forgotten.
Sanna Marin -Finland’s Scorpion- gone!
And the Administration Building is now in Russian hands, making Bakhmut legally liberated, even if a few UkoNazi fanatics fight on.
‘Nice.’
For me, and I suspect many who contribute to and visit TAE, to declare that one lives in a densely populated city major city -especially one that is totally dependent on imported fossil fuels, electricity and imported food- is the declare oneself insane.
A number of years ago I was in correspondence with a Kiwi who has purchased on of the books I have written but was living in New York. She informed me that she hated New Zealand -having grown up in NZ- because the people were narrow-minded, poorly educated, uncultured and insecure. Recognising that things were ‘not right and were headed for disaster, she was looking for a man to share her life with in a ‘survival situation’ on some kind of homestead but was looking for such a man in New York.
She was extremely annoyed when I suggested to her that she was looking in the wrong place and cut off correspondence at that point.
I won’t name her because there is no reason to.
One of the most interesting things she told me at the time was that she had spent time with Mike Ruppert -yes, THAT Mike Ruppert; she said that he had reached the psychotic stage, having been fighting The Empire of Lies for many decades, and The Empire of Lies winning every round.
It’s a pity Mike Ruppert felt so low he decided to kill himself because if he had hung in, he would now see himself vindicated on all counts.
Many years ago I read ‘The Empire is too strong’, meaning one cannot fight the Empire and have any success.
So those of us who have been vilified and battered by The Empire of Lies for years or decades are sitting back and ‘enjoying the show’, as all the criminality and frauds of The Empire get exposed, one after another, almost on a daily basis.
Whether there will be anything left after the greatest financial-economic crash in history, accompanied by WW3, is yet to be seen. But contrary to the wishes of some participants, I have no intention of killing myself, and want to be around to see how it all ends.
Airstrip Five continues to manifest the same kind of property price and sales meltdown as indicated for Airstrip Two in the main TAE text today.
Realestate.co.nz’s national average asking price slipped a further $15,271 last month to $883,823 (non-seasonally adjusted) and is now down by $111,062 from its peak of $994,885 achieved in January last year.
The above figures paint a particularly grim picture of the housing market because February and March are usually the busiest months of the year for the residential property market, with sales then starting to decline as it heads into autumn.
The implosion will undoubtedly be exacerbated should the central bank (RBNZ) increase the base rate by 0.25% on Wednesday, which is flagged and anticipated by most ‘analysts’.
.As FS has pointed out, another round of chaos is likely with respect to oil prices now that OPEC has decided to limit extraction and exports.
The saboteurs -NATOstan/Oceania governments and the unelected, unaccountable bureaucrats- are doing very well with respect to their agenda of sabotaging everything.
Not long to go now.
It’s probably better to not know the timing.
Back outside for another round of work on energy utilisation and disengagement from this mad society, along with food production improvements..
By the way, a local pumpkin competition winner was over 200kg. Not very edible, though.
More ad hominem attacks and trolling from a member of the fuckwit brigade.
The kind of comments these lowlifes make is symptomatic of the dismal state much of humanity, especially the sector in love with itself in the industrial zone, has descended to.
The other thing about a lot of these lowlife trolls -apart from their continuous celebration of ignorance and stupidity -is that they think the promulgation of insults and ignorance and stupidity is amusing.
CIA/US State Department fake church is working on stealing treasure from the Orthodox Church in Kiev.
‘War is Peace.’
‘Theft is Benevolence.’
Washington will provoke Beijing to war with NATO. “ The Americans will set fire to Myanmar, Laos, Cambodia. They will limit China in an arc. This means that the West will start a series of regional conflicts of low intensity ,”
Brian Berletic has spoken about this several times.
The most recent I know of
Peter Schiff throws his weight behind the narrative of collapse now being underway.
“It’s going to get much worse.”
Executive Director
Photo of Steve Walker
Stephen Walker
Cell: 021 222 6069
[email protected]Stephen (Steve) is Audit New Zealand’s Executive Director. Before taking up this position in 2009, he was based in New York as the Director of Operations for the International Federation of Accountants (IFAC).
Steve began his career in 1987, when he was employed by Audit New Zealand as a bursar while studying for his degree. He qualified as a Chartered Accountant early in 1993.
He has experience in a wide range of roles, including external and internal audits, setting standards for financial reporting, policy documents, strategic planning, governance, public sector management, training development and delivery, and executive operational management.
Steve is a member of Chartered Accountants Australia and New Zealand (CA ANZ). He was awarded a CA ANZ Fellowship in December 2013, for outstanding contributions to the accountancy profession and the community. He is also a member (Honorary) of the Chartered Institute of Public Finance and Accountancy in the United Kingdom, and of the New Zealand Institute of Directors.
Steve was President of CA ANZ in 2019, following two years as a vice president. He has also served in several other governance roles with CA ANZ. He was a member of its board (2017-2019) and Chair of the its New Zealand Regional Council (2017-2018). Steve is currently a member of the New Zealand Institute of Chartered Accountants Regulatory Board.
He is a proud Alumni of the Victoria University of Wellington, having completed his Bachelor of Commerce and Administration (BCA) in 1990, and obtaining his BCA Honours (First Class) in 2001.
Page last updated: 29 June 2022
The thing about these career clowns us that they are actually extremely poorly educated and are employed to not see the writing on the wall but to assume everything just carries on as it did, forever.
Scientifically and financially illiterate. As are 99.9% of the populace.
I am still in two minds whether to follow up on my previous discussions with Office of the Auditor General of New Zealand.
Half of me says that despite the declarations of independence, the Office of the Auditor General (supposedly above parliament and able to talk down to parliament) is just another ‘run and hide under a stone’ organisation which will do zilch when confronted with the endemic corruption and lies that characterise NZ government.
On the other hand, we are now so close to meltdown, the writing is clear for everyone to see on the wall. So maybe the Office of the Auditor General needs to be exposed as phony.
‘The Controller and Auditor-General is an Officer of Parliament. This means he is independent of the Government and can’t be directed by whichever political party is holding power.
The Auditor-General has two business units – the Office of the Auditor-General (this site) and Audit New Zealand (auditnz.parliament.nz).
Together, our work gives Parliament and the public an independent view of how public organisations are operating. That independence, along with watching the spending, is why the Auditor-General is sometimes called the public’s watchdog.
Note: Our inquiries function is limited, in how many we do and what we can do for you. Our power is only reporting. To avoid disappointment, please read our information before writing to us.’
‘Ou power is only in reporting’.
I really cannot see The Auditor General reporting that everything in government is fraudulent and unsustainable and about to go into complete meltdown. After all, Audit NZ has endorsed dysfunction and fraud for decades.
On the other hand, the Auditor General himself (John Ryan) and his staff with suffer the direct consequences of not exposing the numerous frauds and deceits of government and the complete failure of government to abide by its own laws! i.e. falling property values, surging devaluation of fiat currency, societal meltdown and environmental meltdown.
‘Interesting times’.
For the moment I am more concerned about my personal preparations than attempting to wake up the institutionally braindead. Fiat money collapse and societal collapse may well be just months away. Weeks?
If there were not other competitors I would award you, jb-hb, Fuckwit of the Century award.
Unfortunately, there are worse fuckwits in the local council and the regional council and the NZ government.
Read up on the concept Overshoot
Al Bartlett’s famous lecture on the power of compounding interest would help you
Start with Christ Martenson’s crash courseJust what sort of fucking idiot are you??!!! j-b h-b
I have posted Albert Bartlett’s talk on Arithmetic, Population and Energy numerous times on TAE!!!
And a few moths ago spent a lot of time discussing the concept of overshoot, which another participant refused to accept, despite the abundant evidence.
As for Chris Martenson’s Crash Course, well I studied that in depth when it first was created around 2009!!! And regularly visit Peak Prosperity for updates. But to be quite honest, I am way ahead of Chris Martenson and don’t concern myself too much with his work these days. He’s too focused on ‘niceness’ and perpetuation of dysfunctional systems..
j-b h-b, are you going for the Fuckwit of the Century Award?
You really have no idea who you are dealing with, do you?!!!
I referred to the stuff you ‘suggest’ I read in order to become ‘educated’ in the books I have written on these topics, including direct quotes more than a decade ago!!!
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Fuckwit to the slaughter. What a moron you are.It is most certainly too late because we have had fuckwits and liars in charge for decades. And those fuckwits and liars have implemented non-solutions to vast array of predicaments we have been faced with for decades -non-solutions (such as Carbon Trading and Quantitative Easing and electric cars etc.) that suited the short-term interests of banks and corporations but made all the predicaments worse!
What is more, the fuckwits and liars and saboteurs in charge systematically lied to the ignorant masses in Oceania/NATOstan over many decades to ensure that only fuckwits and liars and saboteurs ever got elected or installed as CEOs in the vast bureaucracy of fuckwits and liars.
Celente puts it, it’s a Crime Syndicate.
And now it’s all unravelling as a direct consequence of all the systematic fraud, deceit and criminality that characterise the ‘governments’ of UK, US, Canada, Australia, NZ. -Airstrips One, Two, Three Four and Five.
Yesterday I took some time away from various urgent projects to rewatch the 1984 version of ‘1984’. It’s all there, other than the environmental meltdown (which was a lot less noticeable when Eric Blair wrote the book over 1947-8).
Fuckwits don’t understand destabilisation of Jets Steams. Nor do fuckwits understand high pressure blocking. And fuckwits surely do not understand the relationship between sea surface temperature and vapour pressure.
Fuckwits like to deny the well-established relationship between the absorbance and reradiation of energy in the IR that was first characterised by Tyndall in 1859 and which was accurately forecast to cause overheating of the Earth by Arrhenius in 1896.
Fuckwits declare that the presence of snow in one location indicates planet-wide cooling.
Fuckwits cannot distinguish the difference between weather and climate.
Fuckwits carefully avoid all discussion of the record-high (and rapidly increasing) ocean heat content.
Fuckwits do not understand that record low ice cover recorded in recent years in both the Arctic and Antarctic regions are canaries in the coal mine for even faster overheating than has already witnessed.
Fuckwits do not even know about the potential for eruption of methane clathrates from the shallow seas around the North Pole, and certainly do not understand the humungous overheating potential that methane has -being up to 300 times the potential of carbon dioxide.
Fuckwits do not recognise that atmospheric methane is currently almost three times the pre-industrial level and is rising at the fastest rate ever recorded, particularly over the Arctic Sea and permafrost regions of Siberia.
Fuckwits do not ever consider the effect of depression of pH by carbon dioxide has on the formation of shell of numerous shellfish species and corals -the messing up of the bicarbonate-carbonate.
Fuckwits do not recognise the potential for oceans to become sources rather than sinks for carbon dioxide, as the temperature of the oceans rise.
Fuckwits couldn’t give a shit about the welfare of future generations are purely concerned with the now.
Fuckwits refuse to look at evidence:
SATURDAY, MARCH 18, 2023
Sea surface temperature at record highhttps://arctic-news.blogspot.com/
The world is full of fuckwits. And one of them, jb-hb, persists, indeed absolutely insists, on repeatedly making a fool of himself on TAE.
Little Rock looks a bit like parts of Ukraine.
Were screwed if we continue to use fossil fuels. And we’re screwed if we stop using fossil fuels.
The Progress Trap!
In the fog of war, it appears that Wagner have taken advantage of the bad weather and have liberated more of Bakhmut.
The decision has been made by Russia to use nuclear weapons should NATO ‘peacekeepers’ be installed anywhere except western Ukraine and to “fight the US to the last Russian.”
Is the US/NATO ready for that? (as the collective west rapidly sinks in the quagmire of collapse that is the product of fraud, corruption, lies and gross incompetence of its own making over many decades).
