Today John Key has been quoted as saying: “I’m less pessimistic than I was at the back end of 2008 … I don’t think this is going to be as bad as what we saw in 2008-2009,”.
Let me remind you that in 2008 John Key did not express any worry about the banking collapse and told us that it was just a glitch and that we were sooo well positioned to keep on growing, yadiyadiyada!
Just before John Key went to the US he told the NZ press that he was worried about the US economy and that he was going to talk with “Those in the know” about what was going to happen in the foreseeable future.
The idea was that if the US would raise their debt ceiling everything was going to be all right. But it isn’t is it?
The Dow is plunging, stock markets around the world are getting a beating and the price of gold is rising to all times highs.
But John Key is smiling his demented manic smile and saying… “I don’t think it is going to be as bad as what we saw in 2008-2009.”
I think he is on heavy medication. Possibly because a large portion of his wealth is tied up in the Bank of America which is collapsing as we speak.
In any case hold onto your hats ladies and gentlemen and I hope you’ve got your veggie beds in order and are of the grid because it’s going to be a rough ride and the captain of the ship has left the building.