Sunday 13 October 2008
DSC monetary policy would save DHBs millions
Democrats for Social Credit (DSC) monetary policy would save DHBs millions of dollars on such projects as replacing or
renovating hospitals, according to Party Leader Stephnie de Ruyter. This is just one example of how the New Zealand
taxpayer would have huge debt burdens removed by taking loans away from finance arrangements involving usurious interest
charges and having the loans issued at low or even zero interest by the New Zealand Reserve Bank, as was done by the
first Labour government to get this country out of the Great Depression, she said.
DSC health spokesman David Tranter raises further questions such as the current methods of costing hospital buildings
and compares this with the experience of a South Otago community who took over their local hospital/rest home for the
frail elderly in 1991 from the Otago Area Health Board. According to the OAHB the cost of bringing the buildings up to
legal standards would be as high as $1.5 million but the community did it for a tenth of that figure by using local
tradesmen and applying common sense instead of taking the inflated figures provided by consultants who have a vested
interest in making these projects more expensive than they need to be, Mr. Tranter said.
The far more stringent earthquake regulations currently being applied throughout New Zealand also raise questions around
the ability of our entire society to up-grade public buildings, he said. Again comparing present-day situations with the
South Otago experience, our local hospital committee was led to believe that the hospital buildings carried a
substantial earthquake risk yet when, as the hospital committee secretary, I obtained the relevant reports I found that
the risk was of the order of a tiny percentage likelihood of a small earthquake once every 60 years and was finally
admitted by the local authorities to be insignificant. Further, when the local tradesmen started work on the buildings
they found them to be so solidly constructed that they were unable, for example, to run new plumbing through the massive
foundations and had to place pipes around the building, Mr. Tranter said.
The Democrats for Social Credit point to all the other projects such as those by district councils which are currently
funded by high interest-bearing loans as a part of the appalling debt burden placed on New Zealanders' shoulders and
which currently amounts to approximately $100,000 per head for every man, woman and child, Ms de Ruyter said. It is high
time to throw out the iniquitous monetary system which has this - and most other countries - held in financial slavery
by a rapacious financial system which has been licensed by successive New Zealand governments when they could equally
well licence the Reserve Bank to provide finance for public projects at minimal or zero interest, she concluded.