Grant Robertson expected on Wednesday to make announcements on a bank deposit protection regime, rule changes related to the accountability of bank executives, and the RBNZ's governance  

Grant Robertson expected on Wednesday to make announcements on a bank deposit protection regime, rule changes related to the accountability of bank executives, and the RBNZ's governance  
Finance Minister Grant Robertson

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9 Comments

With the watered down approach and lag period to the increase in capital requirements for these banksters, this can not come soon enough.

Yet again, locals paying for overseas parasites super profit take.

Yet again, locals paying for overseas parasites super profit take.

Time to regulate the share of profits going to those actually underwriting the banking system - bank depositors.

But that's only a fractional underwrite, and the system as a whole is well into the reducing-energy phase.

So why expect profit?

Profit - like interest-charging on key-stroke-created 'money'- only works in a growth scenario. Was always temporary on a finite plane, was growth. Sure, some folk can keep going at the expense of others, but the system as a whole has peaked, so it's a zero-sum game, and getting worse.

There are few in the energy/money space, here's one https://ourfiniteworld.com/2019/12/08/recession-ahead-an-overview-of-our...

But that's only a fractional underwrite, and the system as a whole is well into the reducing-energy phase.

A bloody big fraction in reality: According to the Reserve Bank, the new capital requirements mean banks will need to contribute $12 of their shareholders' money for every $100 of lending up from $8 now, with depositors and creditors providing the rest.

Does this mean we don't take losses by negative interest rates on deposits?

People complain about profits going overseas,but with SHARESIES its so easy to get yourself a slice of the action.$26 will get a share in ANZ and a bit less for the other banks.
Better to own the banks methinks.

A very small slice, which is not going to make a difference.

It wouldnt be so bad if the banksters profits were fair, but they are not. How could it be $5 billion p.a., when Fonterra (NZ biggest business) can hardly make $500 million? No other large business delivers a 18% return on equity.

People like you probably voted for politicians that sold the banking system overseas, with the same politicians weak on regulating the control they now have; not too mention those politicians that are now legally on their staff.

You obviously don't understand the damage these overseas banksters have inflicted on NZ inc. Can you point out which other first world's countries banking system is controlled by overseas interests?

There are many things i don't understand,banking being one of them,so i can only comment from my nonothing view of the system.
Surely the only way that the overseas bankers have control of the NZ banks is because NZ ers bank with them and put them in a position of power,or maybe the Aussie banks are seen as a safer place than other options.
Choice is what i see.

.

Google Federal Reserve and its formation, and it should enlighten you on how banking is controlled.

You'll also find Australis's and NZ big four are also controlled by US interests. Banks have been taking the masses for a ride, with those parasites now controlling the host. Other than other monopoly businesses, the scraps left are getting smaller. All for what you might ask? The greed of the very few.

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