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nah but shes someones based granny.
hook vikey up with her, at least he would know she’ll never call him a cunt
A Canadian expousing this policy, showing that to exit Canada, you will pay and this guy is looking to increase it much more.
@WeAreCanProud
: Mark Carney just appointed Patrick Pichette as the new CEO of Digital Transformation Canada.
Who is Patrick Pichette?
Here’s him two months ago at the Liberal Party Convention talking about how he wants to fine Canadians HALF A MILLION DOLLARS or potentially just BAN THEM from leaving the country to find jobs elsewhere.
This is how every “left-wing paradise” works out in the end: It’s so good, you’re forced to participate and banned from leaving.
Why is Mark Carney empowering these authoritarian lunatics?
https://twitter.com/i/status/2095898430069784878
1 min. 34 secs.
It seems as a policy that would fit in with TOP or Greens that will be slipped in & empowered after they form a governing coalition if they gain enough power.
17 countries have various Exit taxes so the templates to this about is there to varying levels, like from North Korea 😎 to more milder, 🤑
https://nomoretax.eu/from-sweden-to-australia-understanding-exit-taxes-across-the-globe/
The creeps keep on doing the “mission creep” to gain more controls, & to socialize your assets, monies etc..
So some may say which iwi or T’iwi.
A case of buying a 2nd passport to be sure of being able to “exit”.
Ezra Levant finds a Canadian company that does this.
A practical escape hatch when you need it most | Presented by CitizenX
https://youtu.be/DzAOzgFnlqc
32 minutes : Sep 5, 2026 : Rebel News : Ezra Levant
Though this is looking at Canada & maybe to the USA, maybe some of us want to be more secure & able to flick across to Australia?
Some government policies have consequences, that are making their citizens figure things.
If a Justin Trudeau could put in martial law controls & shut down your bank accounts, then why would’nt the Canadian government revoke one’s passport.
There are about 20 other countries, like El Salvador, St. Kitts, Nevis that are also ok with selling a passport to becoming citizens.
Like even how bit-coin may work in too could be useful.
Zero tax on bit coin capital gain in El Slavador.
This actual causes problems to the countries with these various taxes as the aware citizen can arbitrage, so it may incentivize the ones on the race to the bottom to turn & to pull their socks up; well maybe.?
Something to think on, some of the pros & cons of being a dual passport citizen.
Is it fear-mongering? Some other form of extracting money from the worried?
Or simply a form of insurance in this crazy world.
Or being able to travel through & not requiring a visa.
Something to think on, and one may figure how to a part of this more cheaply. 😎
Politicians don’t you love them!
Who breeds them, should be taxed one million dollars.
New Canada is the Old Soviet Union.
And New Canada is pushing euthanasia onto as many as they can, to the point that 5% of deaths are from euthanasia. “You have an ingrown toenail. You can either die in pain or have assisted dying.”
New Canada is the Old Soviet Union with Euthanasia / Hotel California added in. “You can check out but, but you can never leave.”
In many post apocalyptic or tyranny movies set in the USA, freedom was going north and crossing the border into Canada. Oh how times have changed.
Ouch.
Freedom Party
Penrhyn Island is an atoll with just over 200 people living on it, with no tourism industry or infrastructure to speak of.
Yet, the US & NZ Govts are going to spend NZ$84M to ‘deliver a major port upgrade’ with NZ taxpayers contributing $17.5M.
What are we really buying here? In a New Zealand with direct democracy, we would be asked if we agree with such expenditure.
https://www.facebook.com/photo/?fbid=1495514872609966&set=pcb.1495515442609909
Brought to you by our Foreign Minister.
Yep, right there in the pic, signing up.
Where is it?
https://www.google.com/maps/place/Penrhyn/@-18.8838535,-177.0774783,4.54z/data=!4m6!3m5!1s0x70d4f03c4eff3bbd:0xf371a5ccd055ef5c!8m2!3d-9.005122!4d-157.9762097!16zL20vMDNsemw2?authuser=0&entry=ttu&g_ep=EgoyMDI2MDkwMi4wIKXMDSoASAFQAw%3D%3D
It’s the American military 🇺🇸 showing their presence in the Pacific Ocean by establishing a port and taking back control from China who’ve been creeping around the Island folk with their rotten loans of $billions. Winnie is doing good work with the Trump administration.
Wait for the “Pacific Ocean” to be renamed “Ocean of America” 😄
Well it should. They fought for it in WWII and many thousands died in these battles. No problem with that.
Let’s add some context to that.
The Allies and the USA, who belatedly joined the war against the Nazi’s and the Japanese, only did so after supplying arms and ammunition, etc to all parties in Europe both sides including Italy), and then, when the Japanese bombed Pearl Harbour, decided they really did need to join the fight in the Pacific.
The fight was against the Japanese. You need reminding that the Japanese had crossed into China and created war there well before this even though the Japanese have been busy removing ot from their history. The British also had been at war with China over supplying the Chinese with Heroin.
The Opium Wars were two mid-19th-century conflicts: the First Opium War lasted from 1839 to 1842, and the Second Opium War lasted from 1856 to 1860. [1]
The First Opium War
The Second Opium War
Japan has invaded or launched major military aggressions against China two primary times in modern history, though the conflict evolved through a series of escalating campaigns. [1, 2]
Major Invasions and Conflicts
(Note: Prior to the modern era, ancient conflicts occurred—such as the Battle of Baekgang in 663 AD involving the Tang Dynasty and forces in Korea—but direct island-to-mainland invasions of China by Japan did not take place in pre-modern times.) [1, 2]
So you wonder why the Chinese get pissed at the Japanese and the USA.
Add to all that the Muslim invasions down into Indonesia, the Philippines and other places in China, and why do you wonder at their stance in the world?
Just saying; Nothing is what it seems.
Ask ai your claim is all shit
**No. That claim is not true.** It mixes a few real facts with a large distortion.
### Who joined when
Britain, France, Australia, New Zealand, Canada and others declared war on Germany in September 1939 after the invasion of Poland. That is the start of the war in Europe, not a late entry. The United States stayed officially neutral until December 1941 (Pearl Harbor, followed by German and Italian declarations of war on the US). Calling “the Allies and the USA” one late-arriving bloc is sloppy; the original European Allies were in from the beginning.
### Arms to “both sides including Italy”
After war began, official US policy did **not** supply weapons to Nazi Germany or Fascist Italy.
– The Neutrality Acts first banned arms exports to all belligerents.
– In November 1939 Congress allowed “cash-and-carry”: anyone who paid cash and shipped the goods themselves could buy. In practice Britain and France had the ships and the money; Germany and Italy did not, because of the British naval blockade.
– Lend-Lease (March 1941) was written to aid countries whose defence was judged vital to the United States — Britain first, then the Soviet Union after June 1941, plus China. It was not offered to the Axis.
There was no Allied or US government programme sending arms and ammunition to Germany or Italy once the European war was under way.
Italy is an especially weak part of the claim. Britain even explored buying Italian aircraft and guns in 1939–40 as part of an attempt to keep Mussolini out of the war; the deal collapsed. After Italy surrendered in 1943 the Allies *did* later re-equip some Italian co-belligerent units, which is the opposite of arming Mussolini’s regime.
### What *is* true (and often gets exaggerated)
Some large American companies (Ford, GM, IBM, Standard Oil, ITT and others) had German subsidiaries or pre-war commercial ties. Those plants continued producing vehicles, communications gear, fuel additives, etc., for the German war economy until the US entered the war, sometimes using forced labour. That is private-sector business that continued after 1939, not official Allied policy of “supplying both sides.” Similar pre-war commercial links existed in the 1930s during German rearmament.
The US also sold oil, scrap metal and other raw materials to Japan until embargoes in 1940–41. That is Pacific policy, not “all parties in Europe.”
Switzerland (neutral) sold arms to both Axis and Allies; that is not the Allies or the USA.
### Bottom line
The United States did become the “arsenal of democracy” for Britain and later the USSR *before* it formally entered the war. That aid went to one side. Official policy never armed Hitler or Mussolini after September 1939. The “both sides including Italy” version is a common revisionist shorthand that does not survive contact with the actual programmes, dates and recipients.
Slimy corporate America didn’t supply armaments to Nazi Germany after 1939 but that is not to say that they didn’t aid the war effort. There’s an informative article at https://en.wikipedia.org/wiki/Business_collaboration_with_Nazi_Germany Examples abound such as:
#. “General Motors’ Opel division, based in Germany, supplied the Nazi Party with vehicles. The head of GM at the time was an ardent opponent of the New Deal, which bolstered labor unions and public transport, and admired and supported Adolf Hitler.”
#. “Kodak‘s European subsidiaries continued to operate during the war. Kodak AG, the German subsidiary, was transferred to two trustees in 1941 to allow the company to continue operating in the event of war between Germany and the United States. The company produced film, fuses, triggers, detonators, and other materiel. Slave labor was employed at Kodak AG’s Stuttgart and Berlin-Kopenick plants.”
Worse, many were compensated for damage occasioned by US bombing after the 1945 victory.
…..”the USA, who belatedly joined the war against the Nazi’s and the Japanese”……
1) The US lost 53,402 men killed in combat during WW1 even though they stayed neutral until 1917. Then they lost a further 63,114 to disease, mostly the influenza epidemic of 1918. The Yanks were not in a mood to get involved in another scrap between the UK & German empires which is all WW2 initially was.
2) Germany, Italy & Japan as “the Axis” had signed the Tripartite Pact in 1940 which meant that war against Japan occasioned by the bombing of Pearl Harbour dragged the US into the European theatre again.
With the benefit of hindsight a war to sort out who owned what & where was inevitable but the American voters of the times vastly preferred neutrality & the wealth that supplying arms to belligerents would bring.
Provide one shred of evidence that the U.S. supplied arms and ammunition to any parties other than the allies.
Good luck.
The Americans did as they always have done, traded wherever the money was. Just like so many others did.
Thought so.
‘The agreement funds a new deepwater port facility on the isolated Penrhyn atoll in the Cook Islands, updating a former World War II military base. The United States is contributing US$50 million, while New Zealand is contributing NZ$17.5 million and managing the construction. The project serves as a lifeline for inter-island travel and shipping in the outer Cook Islands while addressing broader strategic infrastructure needs in the Pacific region.’
Well, that;s OK then – when WW111 breaks out we will have a nice new military base from which to deploy our fleet of fighting vehicles – can’t wait!
Perhaps that included recovering our submarine.
I see they have an airport as well.
Could be handy if ya run out of feul half way to the USA.
If we have a war China will drop the nuclear bomb it needs.
To My Dearest Wife,
During the past year, I have attempted to make love to you 365 times.
I have succeeded 36 times, which is an average of only once every 10 days.
The following is a list of why I didn’t succeed more often:
We will wake the kids – 54 times
It’s too late – 15 times
I’m too tired – 42 times
It’s too early – 12 times
It’s too hot – 18 times
Pretending to be asleep – 31 times
The neighbours will hear – 9 times
Headache or backache – 26 times
Sunburn – 10 times
Your mother will hear us – 9 times
Not in the mood – 21 times
Watching the late show – 17 times
Too sore – 26 times
New hairdo – 6 times
Wrong time of the month – 14 times
You had to go to the bathroom – 19 times
Of the 36 times that I DID succeed, the result was not always satisfying because 6 times you just laid there, 8 times you reminded me that there was a crack in the ceiling, 4 times you told me to hurry up and get it over with, 7 times I had to wake you up to tell you I was finished, and once I was afraid that I had hurt you because you started thrashing around and breathing heavy.
Let’s try to improve this, shall we??
Love, SB
————
To SB My Dearest Husband,
I think things are a little confused.
Here are the REAL reasons you didn’t get more than you did this past year:
Came home drunk and tried to screw the cat – 23 times
Did not come home at all – 36 times
Did not come – 21 times
Came too soon – 38 times
Went soft before you got it in – 19 times
Cramps in your leg – 16 times
Working too late – 33 times
You had a rash, probably from a toilet seat – 29 times
Caught yourself in your zipper – 15 times
You had a cold, and your nose kept running – 21 times
You had burned your tongue on hot coffee – 9 times
You had a splinter in your finger – 11 times
You lost the notion after thinking about it – 42 times
Came in your pyjamas after reading a dirty book – 16 times
The reason I lay still was because you had missed me and were screwing the sheet. You seemed to be having a good time, and I didn’t want to move and spoil it for you.
I wasn’t talking about the crack in the ceiling. What I said was, “Would you like me on my back or kneeling?”
The time I was thrashing around and gasping was when you farted and I was fighting for air.
Maybe you can work on your “shortcomings?”
Love, Your Wife
You should not be publishing SB’s private life….
I this better then?
Is it wrong to have a semi on? I’ll see myself out.
Found it on Naaksa Dear Aunty’s blog.
I bet Mrs IAASB boos during sex. 🙂
You got to be breathing to Boo. Just saying…
Bwhahahahaha !!! Love it !!
Morning all, was watching One news last night. There was a segment about some old canoe rotting away on a beach somewhere on the Chathams. Anyway the local iwi or whatever they are are asking the government for money to dig it up. I can’t for the life of me see why we should have to pay for this, as far as I can ascertain it has no historical value and being untreated timber there is unlikely to be much left. However, being the all round helpful bloke I am I’m prepared to donate a genuine Warehouse spade so they can give it a go themselves. Sounds like a win win to me.
And carbon dating puts the date of that canoe between 1440 and 1470.
When human artifacts are discovered in NZ and carbon dating puts the age thousands of years before Maori arrival, the same “experts” that celebrate the “power of carbon dating” when it comes to Maori artifacts, they say that carbon dating does not work.
Maori discovered carbon dating and its only their special carbon that works for their stuff, dincha know?
You can draw all over ya bloody and it leaves no marks!
the moriori decendants want it preserved, it is part of the govts legal obligations to do so and its part of nz history.
its maori/iwi folk that are preventing it because the waka in question predates their arrival and they dont like things that can threaten their bullshit claims and bring up the whole genocide thing aswell.
if it upsets the sreggin then i say go for it.
It’s Mori Ori but the righteous later arrivals from the mainland are claiming it as their taonga and therefore the funding. The sea may claim it all first.
All donated WH spades welcome
WG, if the rotten piece of timber has been in the sand dunes for hundreds of years, why would the sea all of a sudden want to claim it now?
Another bullshit claim to try and extort money and typical of the way these Tossers operate.
Global warming silly.
Storms have dug the canoe partially out of the sand so now the mighty Pacific Ocean can finish washing it away. No canoe, no funding.
Why not? It’s the thought that counts and they need lots of money to soothe their hurty feelings!
“I’m prepared to donate a genuine Warehouse spade”
You are far too generous. I on the other hand, being the tight arse I am, wouldn’t bother.
They could bill Ngai Tahu, perhaps?
They have always wanted to dig it up themselves. Big brother in Wellington doesn’t want that. It will upset the second arrivals who took out the first arrivals.
We cannot have that carry on
Maybe they could get the Spanish or Chinese to pay for it, fairly sure they and who knows who else were here before the Maori showed up.
Discredited leftist Political commentator Bryce Edward’s told Michael Laws – “Yeah the left are gaming MMP but the right need to take the moral high ground and don’t do it themselves”
Edward’s makes a pathetic attempt to excuse the left for encouraging voters to create the overhang :
“Well even chippy has condemned TPM for it” to which laws replies “Well of course he’d say that, the leaders of parties will never publicly endorse rorting the system!”
Edwards: “ I think the left are risking voters, I mean māori voters for TPM might punish Rawiri for dirty politics!”
Laws: “ You’ve got that completely wrong the left want to win anyway they can”
Edwards then says:
“Well the good news is if the left wins, the next time the right wins they might be able to stay in longer, but don’t attempt to try to create the right overhang in response because at least next time the right are in they’ll be argue to remove them!”
Bryce is either a moron or a liar … or both.
The fact is there won’t be “A next time” the left are going to entrench co-governance in their next term.
Bryce then finishes with this beaut –
“Well the centre right might want to lose this time, kinda like a reset .. but it would be very very bad for the centre right to try to engineer a centre right overhang”
This is what we like to hear
A loyal Nats voter calls into Laws after Bryce’s propaganda laden interview to say :
“ All this Te Pati Māori strategy it’s all over Social media, i’ve finally realised we can determine an outcome by splitting our vote, and now I’ll electorate vote National and party vote NZF or Act …
I do not give a shit what Bryce Edwards says, I will do anything to keep those lunatics on the left out!
More of us National voters need to wake up to the fact we can influence this election now ! no Labour no Greens no Te Pati māori no top!”
Laws also says if the strategy works and the right get in, a weakened National will bin Luxon to counter a stronger NZF and Act vote.
Yep, Luxon will go the way of the Dodoo bird!
….which he resembles.
From FB
Some days ago I sent the TOP party policy email question about their land tax:
“I was wondering if you could explain how the land tax would apply to pensioners with a reverse mortgage
I asked AI how many pensioners in New Zealand have a reverse mortgage. The quick AI answer is that there are more than 8000 households that have a reverse mortgage. It didn’t have access to data that would verify how many are pensioner households. But given that it’s a reverse mortgage and not otherwise borrowing against the house, and you have to be at least 60 to have one, I think it’s probably right it would be mostly or all pensioners. AI also said that from reports it’s a “growing market”.
So I was thinking, there are thousands of home owners (and if AI is right, a growing number) who will die with limited equity in their house (land). And, of course, without insurance that will return the property to freehold when the death occurs.
Will people with reverse mortgages be forbidden from deferring the land tax? Or will the banks as the upcoming new owners be liable? Something else?
Would appreciate clarification on the matter.”
I haven’t received a response. Wondering if there is anybody with any idea how this would work should their land tax ever get in.
Reverse mortgages in NZ are what Heartland bank specialise in. They, of course, have just had approval to take over TSB, who have been floundering. Heartland also operate in Australia and sees the market as unlimited.
How It Works
Key Protections
https://www.tsb.co.nz/tsb-heartland-bank-merger-update
Now Heartland Bank have climbed into bed with the Toi Foundation, who give more grants to Maori outfits by percentage than honkeys.
You shall be known by the company you keep. Even if it is plastic, spray tanned Maori!
Don’t worry I’m sure Jack and Tova will be asking the exact same question at the earliest opportunity. Aren’t they both so lovely?
Peter Williams interview: Paul Henry
https://www.youtube.com/watch?v=bvCG_bl5g1c
Taxpayer Talk: Paul Henry on ACT, Tax Cuts, and Taking an Axe to Wellington
In this episode of Taxpayer Talk, Peter Williams is joined by broadcaster-turned-ACT candidate Paul Henry for a lively, wide-ranging conversation on the campaign, the state of the centre-right, and why he thinks this election is too important to sit out.
…
I only “skimmed” through the conversation (that is what it is, not an interview) and it is great to listen to two intelligent people discussing key issues, whether you agree with them or not.
Apologies Ross for my accuracy breach.
Great discussion.
I wasn’t meant to be “pin pricking” WG , just pointing out it was a great conversation.
😅
From Jonova https://www.joannenova.com.au/2026/09/if-only-chris-bowen-had-some-answers-he-wouldnt-need-a-ministry-of-misinformation-to-attack-critics/
“Chris Bowen runs scared from a public debate because:
“
Why doesn’t anyone thinks of the plastic, rubber and electronic gadgets from twenty eight million weather ballons. Oh the poor fishes and wildlife!
Hopefully they will ensure there is enough toilet paper… Where have I seen this before. Fucking Morons
https://dailysceptic.org/2026/09/04/stock-up-on-food-because-of-el-nino-says-minister/
You wana try the bum gun. It’s the go to device in Asia. Once you try it you won’t go back to bog paper.
not all of us have their cracks waxxed, it would take a fair bit of drip drying or you could be a weirdo and try back up to the hand dryer thingy
You wana try it. Get ya missus to attack it with a bic razor😂or she could use a cut throat and whip one of ya nads off at the same time.
When I were a lad it wasn’t hard to see that we were poor.
Sighting the toilet paper drying on the line was all it took.
YOU had toilet paper?
What luxury.
I’m old enough to remember those wax squares of bum paper.
About as useful as a chocolate teapot.
so am i, they were part of the horror should one have ever needed a dump at primary school or intermediate. by high school we were treated to the luxury of those single ply jumbo rolls.
All they did was move the shit around.
Rinse & reuse.
ROL, what the fuck would Angela Eagle know.
Been a Union Hack then, since 1992 a Labour MP.
Never had a job, never been employed in Weather or in Climatology so has no knowledge of El Nino or whether her undies are wet. Unemployable in the private sector and utterly useless anywhere.
But she can give advice, which in the overall scheme of things means, Jack Shit.
Dame Angela looks like she would out last most people just by using her body fat. Just another useless politician.
UK Labour are a special cosetted bunch. Recently their new minister of agriculture made his first ever visit to an abatoir and fainted at the sight of the hanging beef. 🥴
She’d see out a winter up a burnt gully!
Check out ayamtv
https://www.youtube.com/watch?v=9no0UZaNo7s&list=PLmexfKl7mhveWBWJ2W06xfXVCOPCRbMmQ
Not funny, not clever, and it has a stupid laugh track.
Going to watch some Weird Al Yankovic , at least he is clever.
I know you all love Barry Manolow
https://www.youtube.com/watch?v=SZV_1AY-Dqs&list=PLmexfKl7mhveWBWJ2W06xfXVCOPCRbMmQ&index=3
V2 has all his albums. Plus a collection of Tom Jones & Bruce Springsteen. 🙂
Bugger me Nasska, I hope you haven’t been popping around to V2’s on a lonely afternoon for a session of listening to Bazza, Brucey and Tombo.
I keep better company.
How could you?
Are you questioning my assumptions?
Definitely misguided.
Not known for associating with broken-down Catholic cockies.
You know, the ones who made capital gains and don’t like landlords because we can make capital gains.
At least we shelter our tenants, not leave them out in the rain and snow, then send them for halala slaughter.
You make a better job of fleecing them too.
nah mate, don’t collect that stuff.
The Ducks favourite artist!
Back of the ute Nuclear energy. From aussie.
https://www.youtube.com/watch?v=KuXwXAUDX8U
A man had just got out of hospital from a sex-change operation and (s)he was talking to the people (s)he knew before (s)he became a woman.
“Did it hurt?”
“No, not really, only the last bit.”
“Was that when they cut it off?”
“No, that didn’t hurt, it was the last bit.”
“Was that when they put the silicone bags in your chest?”
“No, it was just the last bit that hurt.”
“Well what was the last bit?”
“You know, the bit where they take half your brains out and make your mouth bigger. That was agony!”
Is this a dad joke or what?
Two brooms were hanging in the closet and after a while they got to know each other so well, they decided to get married.
One broom was, of course, the bride broom, the other the groom broom.
The bride broom looked very beautiful in her white dress.
The groom broom was handsome and suave in his tuxedo.
The wedding was lovely.
After the wedding, at the wedding dinner, the bride-broom leaned over and said to the groom-broom, ‘I think I am going to have a little broom!’
‘IMPOSSIBLE !’ said the groom broom. ???
Are you ready for this? Brace yourself; this is going to
hurt!!!!!!
‘WE HAVEN’T EVEN SWEPT TOGETHER!’
Rditor
‘Broom, broom’. Oi!
now you are channeling clarkula on her broom.
Disgusting
Umm. being an author doesn’t suit you.
A dad joke? Certainly a bad joke 😕
You can do better.😅
This subject has been debated above in the devious supplies & financing of earlier wars.
Despite our so called digital banking, anti-Laundering Laws yet this still this can flow through in our Diverse DEI world.
…… the Iranian-Chinese procurement system that now sits at the center of Washington’s financial war against Iran, and that Canada has never confronted.
Iranian government buyers stand at one end of it, Chinese operators and their front companies at the other end, and hundreds, if not thousands of Canadian residents from Iran serve as its trusted Western face, operating from major Canadian cities, wired into Canadian banks, trade and technology and real estate companies, and Canada’s political system.
The scheme moves sensitive American technology to Tehran through fake import and export firms and transshipment points, and it settles the bills in oil and Chinese currency, often laundering euros and US currency through currency exchange hubs in the Middle East, Canada or Hong Kong. …..
https://www.thebureau.news/p/irans-covert-weapons-supply-chain
As the supposed new immigrants work for the benefit of their “home-countries” and profit by it.
Been going on forever, and here’s a question for you.
NZ, with its very tiny economy, has a huge trade in our currency. Has for many years. A trade far far greater than our actual trade.
Would you think that Bessant and Trump, etc don’t know we get used that way?
Remember there was a kerfuffle about this during Keys’ time, and he brushed it off.
Foreign Exchange (FX) Turnover: If the reference is to currency trading rather than commercial trade, the global New Zealand Dollar (NZD) is heavily traded by international banks and speculators as a yield-seeking “carry trade” currency. The same physical dollar or digital contract is bought and sold dozens of times a day, multiplying nominal daily trading volume far beyond the underlying economic output.
The massive daily volume in New Zealand Dollar (NZD) foreign exchange trading—which vastly exceeds the nation’s physical trade—is driven by a combination of speculative capital flows, corporate risk management, and global macro-economic factors.
Because the NZD is completely free-floating, highly stable, and liquid, it serves as a primary financial instrument for international market participants. The core forces driving this disproportionate volume include:
1. The “Carry Trade” and Interest Rate Differentials
The NZD is historically a favorite currency for the global carry trade. In this strategy, investors borrow money in a currency with very low interest rates (like the Japanese Yen) and invest it in a currency with higher interest rates (like the NZD) to pocket the difference. [1]
2. High Foreign Corporate Ownership & Hedging
A large share of New Zealand’s major corporations and commercial banks (such as ASB and ANZ) are owned by large overseas parent companies.
A single import or export shipment often triggers multiple layers of back-and-forth hedging transactions between local banks and offshore trading desks to mitigate financial risk.
there’s alot more. about why our currency is like it is and why the rbnz juggle interest rates.
here is a bit of it.
The recent drop in the New Zealand Dollar (NZD) exchange rates over the last few days has been driven by a textbook shift in global markets, combining unexpectedly strong U.S. data and cautious commentary from our own Reserve Bank.
The currency market experienced a sudden wave of volatility due to two main drivers:
https://s.w.org/images/core/emoji/17.0.2/svg/1f50e.svg Reason 1: A Power Surge in the US Dollar (Global “Risk-Off”)
The biggest driver didn’t happen in Wellington; it happened in Washington and New York.
https://s.w.org/images/core/emoji/17.0.2/svg/1f4c8.svg Reason 2: The RBNZ’s Cautious Rate Hike
Locally, the Reserve Bank of New Zealand (RBNZ) did step in and raised the Official Cash Rate (OCR) to 2.75% on Wednesday. Normally, raising interest rates makes a currency strengthen, but this time it had the opposite effect because of the way they did it:
Disappointed Speculators: International algorithmic traders and institutional investors were hoping for a much more aggressive (“hawkish”) outlook from the RBNZ. When the bank gave cautious guidance instead, global macro funds immediately began dumping their NZD holdings, viewing the currency as less attractive for the short-term “carry trade”.
Panama Canal begins reducing ship crossings due to El NiñoThe Panama Canal on Friday began reducing the number of ships passing through because of a drought caused by the El Niño weather phenomenon.
The Panama Canal Authority said low water levels in the two artificial lakes that feed the canal forced it to act.
The number of vessels allowed through the waterway connecting the Atlantic and Pacific oceans will be progressively lowered from 36 per day to 32 by mid-September.
Panama has declared a nationwide emergency over El Niño, a weather pattern developing over the Pacific Ocean that is triggering worldwide changes in winds, atmospheric pressure and rainfall and pushing up global temperatures.
This year’s El Niño is expected to be the strongest since comparable records began four decades ago.
Higher freight costs on the way again.
Act election ad
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Paul Henry receives TPM’s planned policy 🫤
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Cunning as a 💩house rat
https://www.youtube.com/shorts/ISls0SgjmC4
“Co-governance has been a huge success”
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Unlikely thing to see in a cookbook.
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