Greece has defaulted and that is a good thing in the long run!

As the news reaches us that as predicted the city councils throughout New Zealand have ratcheted up the highest debts per capita ever Moody has declared Greece in default. This presents a clear case of a default event and while the central banks and other fraudulent finance institutions such the IMF et all. want us […]

Commercial Real Estate May Be the Next to Fall

On November 19, bonds and stocks backed by commercial real estate loans plummeted on investors’ fears the struggling U.S. economy might lead to a wave of defaults. Big real estate companies suffered big losses: shares of Simon Property Group, the top U.S. mall operator, declined 13%; Boston Properties Inc., owner of skyscrapers and office buildings […]

Media denies alleged pressure over property reports

Newspaper bosses reject claims of real estate industry heavying over bad publicity on the property market and real estate reforms. Cabinet minister Clayton Cosgrove, spearheading real estate industry reforms, claimed yesterday that industry bosses met senior Fairfax and other media executives and threatened to pull millions of dollars in advertising unless more favourable reports appeared. He […]