So much for john key telling the rest of the world that we should all pull together and keep on trading. I’m sure they listened. Ooh, oops they put their own populations first. I guess that means that our luxury products, Diary, meet and wood are going to be hard to sell.
And Phil, it wasn’t the people who caused the “Great” depression it was the banksers. Yep, right in one; John Key and his ilk. How’s that change going for ya, big boy. The people only did what they should do; Act prudently and save. Not a good thing for a system based on ever groing debt but than a system based on ever groeing debt is not a good thing for us nor this planet.
European export subsidies are stirring fears of a trade war with echoes of the 1930s protectionism that sparked the Great Depression.
The European Union this week re-introduces so called “export refunds” for butter, cheese, whole and skimmed milk powder that had been suspended since June 2007.
Federated Farmers economics and commerce spokesperson Philip York said the move by the EU could create tit-for-tat actions on both sides of the Atlantic. In an agricultural trade war New Zealand would be a big loser.
“People need to be reminded that the 1929 sharemarket crash didn’t directly create the Great Depression but politicians did,” York said.
Tags: Banksters, economic collapse, Subsidies
20/01/2009 at 1:58 pm |
But if we are going to trade, what have they got we would want (the US dollar ain’t gonna be worth squat): http://www.davidicke.com/forum/showthread.php?t=39832 …cheers