What happened Friday

A review of things you need to know before you go home on Friday; BNZ raises its floating rate, petrol price near all-time high, Visa adds BNPL, China service sector recovers, swaps steepen, NZD firms, & more

8th Oct 21, 3:59pm by David Chaston

Here are the key things you need to know before you leave work today.

MORTGAGE RATE CHANGES
BNZ raised its floating rate today, but only by +15 bps. More here.

TERM DEPOSIT RATE CHANGES
None today here.

PUMP PRICES NEAR RECORD HIGHS
Petrol prices are rising at the pump, even after discounts. The latest MBIE monitoring shows them near record-high levels, only beaten by the October 2018 levels when crude oil prices peaked last. This time it isn't really crude prices doing the cost damage. It is the combination of record high taxes (a self-imposed cost) plus much higher oil company refining/distribution/marketing components (themselves driven by fast-sinking demand). Crude oil prices themselves are only back to their average over the past 17 years and are not the driver of the near record-high pump prices.

GLOBAL DEMAND COMING SOON
Westpac is pointing out that the NZGB linkers are to be included in the preeminent global inflation-linked bond index starting in April 2022. That is expected to increase both the liquidity and the demand for this type of NZGB bond.

VISA MOVES INTO BNPL TERRITORY
In Australia, Visa, ANZ and Quest are now offering a Buy Now, Pay Later service to ANZ Visa card holders during checkout and without any extra steps. This competes directly with AfterPay, and other BNPL schemes. It also comes well after CBA launched the Klarna solution in Australia. (BNPL payment channels are attractive because they are basically unregulated.)

FROM REGULATOR TO INVESTOR
New Zealand Growth Capital Partners today announced the appointment of Rob Everett as the Crown-owned company’s new chief executive. Everett is the soon-to-be departing FMA boss. NZGCP has two investment funds. The Aspire NZ Seed Fund is an evergreen fund that invests directly into early-stage Kiwi tech start-ups that are at the seed and angel investment stage. Its focus is on the software, agri-tech, health-tech and deep-tech sectors. The Elevate NZ Venture Fund is a $300m fund of funds that looks to fill the capital gap for high-growth New Zealand businesses at the Series A and B fundraising stage by helping to develop New Zealand’s venture sector. Managed by NZGCP, with oversight from the Guardians of New Zealand Superannuation, it invests directly into venture capital firms and, to date, has announced investments into six funds.

RBNZ CFO MIKE WOLYNCEWICZ LEAVING
Reserve Bank chief financial officer Mike Wolyncewicz is to leave next May after 21 years at the central bank. His departure comes with the Reserve Bank restructuring its leadership team and seeking general managers of 1) risk, compliance and legal services, plus 2) information and data analytics. It's also seeking general managers for its money group, digital solutions and security, and thirdly, finance and commercial operations.

BETTER, BUT STILL TRENDING LOWER
In China, their services sector is expanding again, and at a moderate pace, and bouncing back from a weak August. At least, that is according to the private Caixin services PMI released today. Still, it can't hide the general softer trend evident in 2021.

PANDEMIC PRESSURE SHIFTED
Staying in Australia, the explosion of Delta cases in Victoria has risen to 1838 cases reported there today in a relentless rise. There are now 15,074 active cases in the state. In NSW there were another 646 new community cases reported today with another 518 not assigned to known clusters. They now have 7,589 active locally acquired cases which is lower, but they had 11 deaths yesterday, now featuring younger patients. Queensland is now reporting zero new cases. The ACT has 40 new cases, including babies. Overall in Australia, more than 59% of eligible Aussies are fully vaccinated, plus 22% have now had one shot so far. There were three new cases in New Zealand at the border, and 44 more in the community So far, 53% of eligible Kiwis now have both shots, another 28% the initial shot. So far the New Zealand vaccination effort is faltering slightly (80.7% of Kiwis nationally and rising more slowly) and the Australian is also slowing with theirs now up at 81.0%.

GOLD LITTLE-CHANGED AGAIN
Compared to where this time yesterday, the gold price is down -US$4 at US$1758/oz in early Asian trade. But that is up +US$3 from where the New York market finished earlier in the day, and down -US$4 from the London fix.

EQUITIES POSITIVE
The S&P500 ended its Thursday session up +0.8% at the end on Wall Street but things fell away at the end somewhat. The Tokyo market opened today up a very strong +2.0%. Hong Kong is up +0.9% at its open. Shanghai is up +0.8% on its re-opening after its week-long holiday. The ASX200 is up +0.8% in early afternoon trade and heading for a +1.9% weekly gain. The NZX50 is up +0.1% in late trade here but is heading for a -1.2% retreat for the week.

SWAP & BONDS RATES MIXED
We don't have today's closing swap rates yet. They probably pivoted in a steepening pattern. We will update this if there are significantly different changes when the end-of-day data comes through. The 90 day bank bill rate is up +1 bp at 0.66%. The Australian Govt ten year benchmark rate is now at 1.65% and up +5 bps from this time yesterday. The China Govt 10yr is now at 2.92% and up +3 bps. The New Zealand Govt 10 year rate is now at 2.05%, (+4 bps) and still above the earlier RBNZ fix for that rate at 2.02% (+2 bps). The US Govt ten year is now at 1.59% and up +5 bps from this time yesterday.

NZ DOLLAR FIRMS
The Kiwi dollar is firmer at 69.5 USc today. Against the Aussie we are down to just under 94.9 AUc. Against the euro we are firm at 60.1 euro cents. The TWI-5 is now up at 73.2 and still in the middle of the 72-74 range we have been in for most of the past eleven months.

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BITCOIN HOLDS
The bitcoin price is now at US$54,199 and dipping a minor -0.1% below where we were this time yesterday. Volatility in the past 24 hours has been modest at just on +/- 1.7%.

This soil moisture chart is animated here.

Keep ahead of upcoming events by following our Economic Calendar here ».

Daily exchange rates

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Source: RBNZ

Source: CoinDesk

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70 Comments

by Carlos67 | 8th Oct 21, 4:02pm 1633662124

Big increase in Covid cases, we can expect a bit of doubling in case numbers until it flatlines. We shouldn't see exponential increases to crazy high number now the vaccination rates are getting up there.

by GV 27 | 8th Oct 21, 4:17pm 1633663045

Those unlinked numbers are concerning. SI can't be far away.

by bender | 8th Oct 21, 4:58pm 1633665483

Unless this Covid-free island of 1/3 the country's population were declared off-limits to anyone not double-vaxxed arriving by land or sea, enforced by the army. Too rational I suspect, and of no concern to the auck-centric government.

by EarlyRiser | 8th Oct 21, 5:11pm 1633666283

Being pedantic, I know, the South Island actually only has a bit over 1/5 of the country's population.

by graintrader | 8th Oct 21, 5:17pm 1633666658

Yes all the imports head North

by bender | 8th Oct 21, 5:27pm 1633667237

1/5 producing 1/3 of the country's income?

by frazz | 8th Oct 21, 5:35pm 1633667759

Lol ,,must be Friday

by Mark L | 8th Oct 21, 7:05pm 1633673102

if they weren't so thick they would break away from h8terroroa.

by Mark L | 8th Oct 21, 7:11pm 1633673482

"back here in Central Ayterroroa' the border is positioned right at just north of Taumarunui. Now , how to make that permanent.....

by Gummy Bear Hero | 8th Oct 21, 7:30pm 1633674613

... it ain't that we're thickerer than youse high faluting folks fermenting Covid in the north ... it's just that our team of 1 million is thick enuff to believe Jacinda's " be kind " mantra , and to take pity on you bug infested unteam of 4 million up in Horrorterrorower ... ....

by Brock Landers | 8th Oct 21, 5:44pm 1633668293

The vaccines won't prevent high numbers of cases. Take a look at any overseas country.

by Carlos67 | 8th Oct 21, 5:58pm 1633669128

Vaccines do slow the case numbers quite dramatically, I'm looking at Australia and they have had 1000ish cases a day for weeks now so it has not exploded. Hard to say where it will flatten out for NZ, it depends on how long we get locked up for. If we dumped all the lockdowns tomorrow I would expect to see a rise to a few hundred cases a day and then just sit there. The cost to the country under lockdowns can no longer be justified.

by Sam B | 8th Oct 21, 6:16pm 1633670199

I think Australia's a pretty good proxy for what we'll see now that, let's face it, we've given up on 'zero Covid'. We do have the advantage of a more dispersed population.

So Aus at approx. 1000 new cases p/d, at 5x our population = maybe we should expect c.200 cases p/d in a few weeks.

I think Jacinda being in Kawerau right now to personally berate people for not being vaccinated is actually a pretty good use of her time.

by Zack Brando | 8th Oct 21, 9:07pm 1633680433

Putting aside mandates and any spiritual issues I'll say this:

I was booked in to get my first vaccine on Monday, I cancelled:

Yes Covid is a pandemic, but it's not the Spanish Flu, granted, cold comfort if you've lost someone. I was thinking Labour were handling Covid in a balanced way - I'm rapidly changing my mind.

The death rate of Covid is probably between 0.25% - 0.7%.

Yet the response has been massive, to the point that in January the Chinese, WHO, whoever.. have upload/sent digital instructions/code to vaccine companies, to insert into lipid-nanoparticles, to infiltrate human cells, to run said code [produce spike protein(s)], to create an immune response. Then it's been injected into hundreds-of-millions - basically what happened??

Given these vaccines efficacy wanes dramatically after 6months, wouldn't it be better to quarantine ACTUAL sick people and vaccinate the vulnerable (if the science is to be believed) - then focus on promoting healthy lifestyles for the general population.. say telling them to get fresh air, sunshine, exercise and eat healthy? Otherwise aren't you just injecting people forever?

Also, there has been cases (don't know how common) where vaccinated people have caught Covid and their immune systems have gone into over-drive and resulted in their death. There is a name for it, someone might know.

As far as I know there is no vaccine compensation/damages court in NZ, unlike in America.

I've also considered:

- Thousands have died due to reactions this the vaccine.

- Many have had bad reactions

- Long term effects aren't known

- The NZ government seem to be getting all their marching orders from over-seas (politicized nations)

- NZ seems to ONLY rely on overseas research?

I don't feel right or comfortable about getting this vaccine. Others do. I don't want to spread misinformation or hinder the MOH. Right or wrong the Main-Stream-Media and Government have undertaken a MASSIVE propaganda campaign and shutting down of the country.

by younger than most | 8th Oct 21, 9:02pm 1633680140

ADE ... Antibody deficiency enhancement ..

Yip, for a health initiative this whole vaxaganda is very light on health initiatives... its experimental vax guinea pig or nothing

by Nzdano | 8th Oct 21, 9:21pm 1633681302

Experimental, after 6,000,000,000 doses given. Nice try

by Gummy Bear Hero | 9th Oct 21, 8:17am 1633720655

... amazing , isn't it ... 6 billion doses successfully given , yet still the anti-vaxxers spew their nonsense ....

Here's the thing : if Covid-19 runs rampant through NZ unchecked , our hospitals will not cope , they'll be flooded ... lots of anti-vaxxers risk dying of C19 at home , gasping to breathe ...

... dramatic , yes ... but true ...

by Nzdano | 9th Oct 21, 9:43am 1633725837

Perhaps that's why there's a microchip shortage...

by Albert2020 | 8th Oct 21, 9:16pm 1633680973

That’s fine, just please revoke your entitlement to healthcare when you fall ill with the disease. I’m sick of people on this site just paraphrasing absolute bollocks from conspiracy Facebook pages.

by Nzdano | 8th Oct 21, 9:17pm 1633681042

A 0.25 - 0.7% death rate is not insignificant. You tried extrapolating that out over the whole population? 12000 - 35000 people.

It's established beyond any reasonable doubt that the vaccine is far safer than the virus.

Further, about one in 50 get long covid

by Zack Brando | 8th Oct 21, 10:06pm 1633684009

I don't want to get into an argument or anything. I won't speak to long Covid.

0.25% - 0.7% - just a few things:

- Endemic-viruses/viruses are said to get less potent over time?

Correct me if I'm wrong

- Treatments for this Corona virus should/are getting better?

- Different approaches, strategies and opening up could/would save lives?

- Some early treatment plans and drugs used during this pandemic could have killed people?

- Deaths caused by/through the vaccine are under reported? Certainly there are no case studies in NZ I've come across

- Long term Covid ?? Long term effects of the vaccine ??

- Is the current model locking us into vaccine dependency?

Will the death rate be 0.25% - 0.7% in NZ? I'm only using 0.25% - 0.7% because that seems to be an accepted pessimistic figure.

by Nzdano | 8th Oct 21, 11:23pm 1633688630

I think everyone, vaccinated or unvaccinated is going to get Covid in the coming years.

As I see it, the vaccine will make my first encounter with Covid much less deadly, after that natural immunity will come into play.

According to medsafe, less people have died in the 3 weeks after vaccination than would be expected based on average rates of death.

by Zack Brando | 9th Oct 21, 12:44am 1633693443

Assuming you Hopefully [and I wish the best for you, I mean that]:

- Have no side-effects (short or long term)

- When/if you catch Covid your immune-system doesn't over-react

- The vaccine is still providing some efficacy..

I don't know if there is research on natural immunity once vaccinated people contract Covid. Maybe it's better, maybe worse. How will being vaccinated impact people if another kind of corona virus comes along?

They call it "Novel Coronavirus" it's also a "Novel-Vaccine" - the NZ government don't know all the ingredient, yet there is talk of ongoing jabs.

"According to medsafe, less people have died in the 3 weeks after vaccination than would be expected based on average rates of death."

What does that mean? In relation to vaccine deaths, Covid deaths?

I'm doubtful (atm) we can vaccinate our way out of this. Mass vaccination of the HEALTHY population will drag out Covid. Given this isn't the Spanish Flu, I think we're going to see arguments that the vaccination of the healthy population will result in over-all more deaths. I'm not saying that's true, I'm just predicting arguments will be made.

by Pa1nter | 9th Oct 21, 8:18am 1633720696

Having had covid gives you some protection.

Getting vaccinated gives you some protection

Having had covid, and being vaccinated gives you more protection again.

You have some strong opinions coupled with a lack of understanding. This is not the Spanish flu, but even with fore warning and modern technology, deaths in some countries have been significant. That shouldn't really still be a point of contention.

There is no silver bullet, but there is a range of tools we can use to minimise human death and suffering, and vaccination is a key component in the most practical way to go about that.

by Nzdano | 9th Oct 21, 9:54am 1633726485

In a given 3 week period, around 1200 people out of 3 million will die, from all causes. This has stayed the same or less among those recently vaccinated.

What this means is that side effects deaths from the vaccine are not being covered up or mis-categorised.

by Nzdano | 8th Oct 21, 9:18pm 1633681123

The death rate from the vaccine in NZ so far is: 0.00003%

by Zack Brando | 8th Oct 21, 9:32pm 1633681921

by Nzdano | 8th Oct 21, 9:33pm 1633682032

Vaccine death rate, in nz we have had one vaccine death and over 3,000,000 people have had it.

by Galloleous | 9th Oct 21, 12:46am 1633693607

I was in the same boat as you mate. Was not keen to get it.

But if you do a risk reward calculation, getting the vaccine is the clear winner.

6,400,000,000 vaccine doses with like you said, maybe thousands of reactions, compared to 240,000,000 million cases and 4m deaths.

Yes it is very unlikely to kill you if your in decent health, but it can have long term effects.

Some studies have shown that you are actually more susceptible to catching covid once you have been vaxed, but then you get over it faster with less effects and then you will have natural immunity. So eh, im not fussed either way but with actual cases now here in NZ i went and got it.

I still am extremely opposed to any sort of vaccine passport or segregation based on peoples personal preferences. We need to just open up and get on with life, this shit is blown way out of proportion, disease is part of life.

by Gummy Bear Hero | 9th Oct 21, 8:27am 1633721222

Statistics from Los Angeles County ( USA ) show that unvaccinated folks are 5 times more likely to catch C19 than vaccinated people .... and , of those who are infected by it , unvaccinated are 29 times more likely to require hospitalization ...

... further : Vaccinated people are far less likely to pass C19 onto others if they do catch it .... vaccination slows down transmissability of the virus considerably ....

by Carlos67 | 9th Oct 21, 5:29am 1633710588

Cytokine storm. I would have to have been one of the first people to take this virus seriously way back in December 2019 but personally I now think the Labour government are overreacting. They have become so focused on Covid that they can no longer see the wood from the trees and are trying to treat it like nothing else in the whole world matters because if we stay focused on Covid we will not see what a total shit job they are doing on every single aspect of their management of this country.

by Jonny.Foe | 9th Oct 21, 8:01am 1633719718

Jeez. Just run the numbers like it is a trade - and then imagine that you are gambling with your money and the life savings of your whole family - many of whom will have nothing if you lose.

Now go get vaxed.

by Nzdano | 8th Oct 21, 9:39pm 1633682364

I think we can expect 1000-2000 per day, NSW or Melbourne state populations roughly correspond to NZ total.

by KH | 9th Oct 21, 3:43am 1633704236

I assune Covid will become common. While I am already vaccinated, it's also quite effective for survival to be aerobically fit, proper weight etc.

Works for most other things as well.

by CourtJester | 8th Oct 21, 4:04pm 1633662250

Also: Bitcoin still at $5.4 million according to the chart :)

by bender | 8th Oct 21, 4:52pm 1633665159

https://youtu.be/GUs5y9leCyA

by Rob Reid | 8th Oct 21, 7:31pm 1633674707

"Pretending to understand blockchain is simple".

Hahahahaha!

by Galloleous | 9th Oct 21, 12:56am 1633694161

Hahah i actually had to check the date, though it might have come out about 5 years ago but no! it was yesterday :P

by fortunr | 8th Oct 21, 4:05pm 1633662304

I think Heartland just raised its 2-year term deposit rate to 1.8% p.a.

by CWBW | 8th Oct 21, 4:28pm 1633663682

Oil; the best investment since mankind- always is and always will.

by powerdownkiwi | 8th Oct 21, 4:55pm 1633665302

Ah, no. Flawed logic there; try: Was, until.....

We have burnt the best, and are down to the dregs (ever-reducing EROEI).

And it is a finite resource, so 'always' is invalid.

Just sayin'.

Oh, and below a certain EROEI (and inevitably when its all gone), you don't have an 'economy', so 'investment' is also a misnomer.

Good luck with it all....

by frazz | 8th Oct 21, 5:37pm 1633667849

CWBW still digging ..no mea culpa ...

by CWBW | 8th Oct 21, 6:17pm 1633670269

Making money doesn't have to be hard.

Item, Last (USD), 1 day, 1 year

WTI Crude Oil, $78.85, +2.48%, +91.06%

RBOB Gasoline, $2.3453, +1.85%, +90.09%

Natural Gas, $5.76, +0.81%, +118.84%

Heating Oil, $2.4708, +1.54%, +107.47%

Ethanol, $2.207, 0.00%, +60.39%

Brent Crude, $82.42, +2.09%, +89.78%

by Rob Reid | 8th Oct 21, 7:34pm 1633674860

Let's burn it all.

Be quick!

by pankers | 8th Oct 21, 10:14pm 1633684471

The petrol cartel are increasing margins back to where they where

Cheapest in Christchurch today $2.09.9 thanks to gull

by Crazy Horse | 8th Oct 21, 9:49pm 1633682967

Here's a little "fun fact" for ya pankers ....put some 91 in the car today and worked out what it would be in the USA (suburban Maryland) right now ....well the answer was very simple ...In Auckland we pay for 1 US gallon of 91 USD 6.20 ......while the gas station I know in Maryland only pay USD 3.09 .....SO DOUBLE !!!

Yes, New Zealand - overpaying for imports and everything else since 1921 !

by False economies | 8th Oct 21, 4:43pm 1633664589

So far the New Zealand vaccination effort is faltering slightly (80.7% of Kiwis nationally and rising more slowly)

That doesn't seem surprising given the %s we get for childhood immunisations (about 85%)

https://www.health.govt.nz/our-work/preventative-health-wellness/immunisation/immunisation-coverage/national-and-dhb-immunisation-data

I'd be surprised if we surpass those

by kpnuts | 8th Oct 21, 5:25pm 1633667102

easy for the anti vaccers and tin hat brigade to be principled and uphold their beliefs when its on their child --- little less so when they will catch the stuff themselves and are more likely to die! -- suspect we will get 90% in time - between mandating it for lots of employers and industries and then restricting waht you can do without your vaccination passport -- Already know of a fairly significant number of people -- staunchly not getting it -- who have got their first dose this week - partly due to fear and reality hitting in - partly because they have tickets to eother festivals or big events over summer !

by Sam B | 8th Oct 21, 6:18pm 1633670295

Yeah. We'll see Covid spreading in the next few weeks. That'll sort the serious anti-vaxxers from the part-timers.

by Gummy Bear Hero | 8th Oct 21, 6:57pm 1633672673

... the nurse who gave me my second jab yesterday recommended that I get my little Pfizer card laminated ... its evidence I'm fully vaccinated ... could open doors , or legs , sometime in the near future ...

by Mark L | 8th Oct 21, 7:16pm 1633673789

Should have pressed her.. For more information.

by Mark L | 8th Oct 21, 7:25pm 1633674308

The 'suggestion that people might like to think about having their 2nd jab sooner that 6 weeks' is all about panic and getting the numbers up. If they were "following the science" they would be suggesting a bigger gap to obtain better and longer effectiveness from the vaccine.

by Gummy Bear Hero | 8th Oct 21, 7:34pm 1633674878

I had my bookings scheduled to be 10 weeks apart .... but , given how our bug infested cousies in Orc Land are behaving , had it brought forward by 3 weeks , to 7 .... Covid-19 is gonna run wild over us sooner or later , but it will ...

by Nifty1 | 9th Oct 21, 7:03am 1633716223

Agree Mark L - these kind of tactics build serious distrust in the government.

by Gummy Bear Hero | 9th Oct 21, 8:33am 1633721631

Seeing Jacinda at the Pulpit of Propaganda everyday at 1 p.m. also builds distrust ... only health officials should be appearing ..... Labour has politicized this pandemic ...

... and the unexplained cancellation of yesterday's sermon from the mount is very suspicious ... as yesterday we had a spike in C19 new infections to report ... Jacinda running for cover ?

by GV 27 | 8th Oct 21, 5:58pm 1633669124

Jason Walls on Twitter:

Breaking: Covid-19 Response Minister Chris Hipkins will hold a press conference at 6:30pm.

by Carlos67 | 8th Oct 21, 6:04pm 1633669440

Northland slammed into level 3 lockdown. Its out in the community now and all over the place, lockdown is now a waste of time.

by Gummy Bear Hero | 8th Oct 21, 6:54pm 1633672487

... scuttlebutt has it that the " essential worker " who got permission to run rampant in Northland was infact a Covid-19 infected prostitute from Orc Land ...

She spread C19 faster than she spread her legs ...

by Brock Landers | 8th Oct 21, 7:42pm 1633675329

Game Over.

by Solve_it | 8th Oct 21, 8:30pm 1633678249

Doctor friend in whangarei has heard the same thing from a different source.

by HouseMouse | 8th Oct 21, 8:40pm 1633678802

Hehehe you are on fire Gummy

by ex agent | 8th Oct 21, 10:16pm 1633684597

There will be a few guys in Northland shitting themselves. If they get COVID their partners will be looking sideways. Karma!

by donny11 | 8th Oct 21, 10:57pm 1633687041

Haha, when your Mrs test positive for Covid & they epidemically link it back to the prostitute. Sounds like a fun 2 weeks together in MIQ.

by KH | 9th Oct 21, 3:49am 1633704572

An essential worker.

by Albert2020 | 8th Oct 21, 9:19pm 1633681162

Ummm, I don’t think you understand the concept of lockdown if you think relaxing restrictions will occur now that’s it’s in the community

by JimboJones | 8th Oct 21, 6:43pm 1633671800

" It is the combination of record high taxes": which are really at record lows compared to road construction costs these days. Petrol tax is going up about 3c a year, meanwhile the cost to build the most simple roundabout costs as much as building 2 entire houses: https://www.stuff.co.nz/dominion-post/news/126525065/building-small-rou…

by HouseMouse | 8th Oct 21, 8:42pm 1633678925

Just enjoyed the first snippet of freedom for 8 weeks, had a fush and chups picnic with our son.

Bit of a celebratory air around, and rightly so.

by Gummy Bear Hero | 8th Oct 21, 9:35pm 1633682139

... someone steeped in the stoic philosophy will tell you that that's the greatest pleasure you can have : the joy of a simple repast , the humble fush n chups , with your loved ones : As good as it gets !

by HouseMouse | 8th Oct 21, 9:47pm 1633682846

Indeed!

by Alter Ego | 9th Oct 21, 4:57pm 1633751876

I have decided to spend what little I have on "HeadHunters" and the Other "Mongrel Mobs" and their "Young Ladies" to help me find an alternative AntiGen to give to their folks to spread around New Zealund to Aid the elimination of the Killer Drugs bought into this country by our Chinese Importer Friends. Wuhan and Co.

This new Killer Drug, often called CovidCCP is the latest craze to be spread about and it is stopping us all from Working and buying Dope. So the Dope importers are infecting us all with Unemployment and that other Number 3 Drug...IdleCuriosity...in visiting Hotel Rooms.

So I believe we should bring Antigen to bear the brunt of any further Expansion.

And who are the Seasoned Travellers to spread the "new Good Drugs"...why those who are so adept...The New Gang of 5 Million, so as we are already paying their way....in one way or another....A No Brainer. ...

Sooooo as the Prime Person has already got the Gangs on her Payroll to get the Tab Rolling, to inject a little Fun, Bingo. Problem Solved. .....The Gang of 5 Million will be so pleased I thought of this.....and now we can cease Funding all other waste and whatnot. And Hotel Rooms can return to what they were intened for....A Good Nights Rest.

Especially in Whangggaray...ay.

DUH.