John Key’s money market mates will prosper under National

“National Party’s desire to borrow from conventional sources for infrastructure development, will not only add further burdens to the many taxpayers by way of debt servicing, but will also help feather the nest of the few, his money market mates” said John Pemberton, DSC Finance Spokesman.

“Those who wheel and deal in the money market at present will be rubbing their hands with glee knowing that under National, John Key and Bill English will expand the government’s debt programme. In the current financial climate the prospect of debt instruments being traded and secured against the taxpayer will be a bonus.

“It is bad enough to suffer the effects of the current borrowing programme under a Labour Government without this being extended even further by National.”

Mr Pemberton commented that New Zealanders must surely now reflect on the change that has occurred in the National Party. A party that has only one answer of its own to offer – borrow more than Labour and help feather the nest of their leader’s money market mates. In all other respects it has become, unashamedly, a Labour look-a-like.

He said that New Zealanders must be wary of someone who has spent so much time brushing shoulders with the powers that be within our current financial system.

“The personal success of Mr Key within this system needs to be measured against the huge growth in debt and financial instability that now surrounds him.

“John Key’s credibility can only be rescued if he promotes an honest money system, where New Zealanders own and control their own money supply - a system where necessary funding was obtained, for infrastructure and environmental protection, from within our own shores, at a mere cost of administration using our own Reserve Bank.

“The only nests to be feathered in this case would be the New Zealanders and their families” concluded Mr Pemberton.

ENDS

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