When John “I don’t Need No Stinking Advice” Key became our Prime Minister he had but one job. To destroy the Financial independence of New Zealand such as it was and make us totally dependent on the Transnational Financial Class.
How did he go about it? He loaded up every council and our National financial books with Derivatives. The amount? $ 112 Billion. Mind you that was in 2011 according to this article so my guess is that we now own these crappy junk derivatives to the tune of an entire years GDP and when that implodes we are screwed. Just like Greece and Cyprus to name a few countries.
With this in mind I would like to take you to the following interview between Max Keiser and Greg Palast about what has been dubbed the “End Game” Memo written by none other that Timothy Geithner who as you may know was the secretary of treasury under the first four years of Obama.
The memo shows that a small cabal of bankers conspired to deregulate the entire global banking world. The main player was Larry Summers who only this Sunday was dumped for the top job: the Chairman of the Federal Reserve of New York board.
Larry Summers and Timothy Geithner are both proteges of Robert Rubin of Goldman Sachs who was also the Secretary of Treasury under Clinton who oversaw the repeal of the Glass Steagall act in 1998.
John “Balmoral” Key at the time was the Director of the Derivatives and Bond department of Merrill Lynch which went infamously bust and had to be bought up by Bank of America because of their Derivatives portfolio. He was on the same Fereign exchange committee as his boss who shared the honor with non other than Robert Rubin. In this article I write more indept how closely John “I’m easy with that” Key was connected to the unholy triad of Robert Rubin, Timothy Geithner and Larry Summers
If, as is it is rumored, Timothy Geithner who already has been the President of the NYFR (2002-2009) were to become the next chairman you can bet your bottom dollar (no pun intended) that John “I have no Trans rail shares” Key will do even more of the transnational banker class.
Here is the interview: