Benson Pope a distraction

The Benson Pope Side Show is a convenient distraction from a Catastrophic Trade Deficit.

“As a percentage of exports, we have the largest trade deficit for a January year since 1976,” says John Pemberton, Finance Spokesman for the Democrats for social credit. “Yet all we see and hear are the parliamentary opposition parties whipping the media into frenzy over Benson-Pope. Yet another government will escape the need to deal with the issues of ever increasing debt.”

“The time has come when we must stop the nonsense of importing $1.42 worth of goods for every $1.00 we export,” says Pemberton.

“For 30 years and more we have been told by successive Finance Ministers and Economists that a large part of our imports are made up of investment spending which will lead to an increase in exports, smaller deficits and eventually surpluses, so our debts will decrease. It hasn’t occurred in my time and is not likely to happen in the next 50 years either, if all we do is carry on with the status quo.”

We must cut out the middlemen, remove the money-changers from the temple, take a responsible and independent stand, and negotiate reciprocal trade agreements between ourselves and other nations, says Pemberton. New Zealand would not be dependent on the world’s reserve currency - we would utilise our own trading credits.

“A bilateral form of trading, on equal terms between nations, will enable us to trade on a fairer basis with all,” Pemberton explains, “including those countries that desperately need our goods but under the current system cannot afford to buy them.”

ENDS

© Scoop Media