Thank you Bill for pointing out a fatal flaw in my post:
Money Wars, A Race To The Bottom And Massive Wealth Transfer Or Why The $ 523 Billion Printed In August 2012 Is Bad News For New Zealanders.
I wrote an article based on the premise that the Reserve bank had sold $ 512 Billion which in reality was $ 512 Million. I have taken the post off and will have to rethink it. It doesn’t happen often but I do get it wrong sometimes. I will recalculate and rethink and rewrite the article. The mistake in this case was the result of too much on my mind to do due diligence which of course meant I shouldn’t have done the the friggin article at all.
It doesn’t mean that the money brought into circulation wasn’t created out of thin air. It doesn’t mean the graphs I used where wrongly interpreted, it may not even mean that the debt to GDP ratio wasn’t manipulated by the sell of of the dollars. And for sure the value of the dollar was manipulated. But it does mean that I should have taken more care and not been complacent when I wrote it. Nobody needs a smart arse. And for this I apologise.