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Future of RBNZ and Governor Stepping Down
Reserve Bank Governor Graeme Wheeler will step down at the end of his current term on September 26, Finance Minister Stephen Joyce confirmed today.
Current Deputy Reserve Bank Governor Grant Spencer will be appointed acting Governor of the Bank for six months from that date.
Our former or current Prime Minister of New Zealand's Government role in allowing the RBNZ to set the OCR (rates other bankers charge each other interest) while these private bankers creating debt as money in New Zealand. Furthermore the NZ Government debt has increased, while the private bankers creating this money can fuel increases in housing prices and fund a lot of spending in New Zealand based on increasing their debt.
This financial model is failing due to increases in governments debts leading to cut back in government services. The person and/or government costs on serving debt takes money away from buying real things.Governments and people are slaves to their debts which takes away financial action on spending money on planting trees and support nature that provides us all with life. Nature is the bank that when it fails humans are without life.
Our government must instruct the RBNZ to create debt free money to clear NZ's debt. This would allow spending money in housing and many other areas including climate change so we can afford to save our country and planet. Any trade or other international agreements that would prevent this needs to be removed from New Zealand law.
No such thing as a Free Market when the OCR is set by the RBNZ and fixed supplies with limits being Sovereign due to natures ways here on planet Earth.
Over New Zealand law is Trade agreement and/or other international agreements. So a MP's can not make New Zealand laws for New Zealand interests unless we do not have such agreement taking away local New Zealand laws. Otherwise New Zealand will need to remove such agreements in order for the Parliament in New Zealand to be be Sovereign.
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