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Contact:
Foundation for Economic Growth,
P.O. Box 10-282,
Wellington, N.Z.
Email
The Foundation for Economic Growth is a group of like-minded individuals who have decided to act rather than accept New Zealand's continuing poor economic performance. The Foundation is not affiliated with any political party. Add Your Comments here.

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Most recent update: Aug 24th, 2017 - 13:05:19

Newsletters : Current Newsletters : 21 August 2017
Thought for the Day

Russia and China are slowly but steadily winning the hearts and minds of more and more people around the world.

America unfortunately - not so much. This is sad as Americans are friendly, hard working and outgoing people. I have met and worked with many of them here and in the USA and I have always enjoyed the experience. Even when I broke a local by-law in Illinois and the local county sheriff was forced to correct the error of my ways.

I was sitting on a lawn above a beach and by a lake where my kiwi buddy was learning to wind surf. He managed to go in one direction but not the other. He eventually disappeared from sight.

Behind me was a general food store which happened to be selling beer so I bought a small bottle and sat back on the lawn to await my mate. There I was spotted by the Deputy Sheriff who told me that it was illegal to drink on the beach. I asked him if I could finish the open bottle and he seemed to assent.

However I don't think he really agreed because an angry sheriff appeared - just like in the old TV series, solid to plump and with the red neck to match.

He was angry, so I defused the situation as best I could and poured out the bottle and placed it in the trash. I think that once he realised I was a stranger from a far off land near Australia the paper work might be too much for him.

I apologised to him for misunderstanding the rules and he let me wander off.

I have talked with one of the Federal Reserve Presidents and once did a deal to sell minicomputers in New Zealand with a Vice President of Honeywell. I arranged a very good deal and we sold a few before Honeywell decided to remove itself from the computer business and concentrate on its core work.

They were very charming gentlemen just like a number of others at high levels of industry as well as a wide range of others in less exalted positions.

Wonderful people.

Unfortunately the Deep State, funded by the limitless pockets of the BIG Banks are hell-bent on controlling the world by force and have built up the biggest war machine in history.

The big question remains; Can China and Russia contain the American Deep State threat until the internal strife in Washington demolishes the Deep State from within?

Given the way that Iran negotiated peace and how Putin obeyed International Law to bring peace to Syria at the request of Assad, and the fact that China shows no signs of territorial expansion (depending on how we view the China Sea) we have hope.

China's initiative to increase FREE trade via the One Belt One Road policy is a massive vote for peaceful trade amongst nations without "Regime Change".

No power threat - just free trade. Not trade by compulsion as in the TPP which America itself seems to have now discarded.

FREE Trade.

The magic of Adam Smith's Invisible Hand requires free trade, and sound money.

China is building a massive new Silk Road to have free trade with all of Europe and Africa and is in the process of building up very large gold reserves so they can back their currency and provide the sound money that the world needs so much. Silver will tag along for local trading as change.

This is the leadership that the world needs so much.

The stark choice is China and free trade with sound money or the Deep State and possible Nuclear War.

Not that we have any say in the matter.

So best of luck it will not be a smooth ride.


Aug 21, 2017, 15:21

Creating Wealth and Keeping it

The New book by Phil Scott, President of the Foundation for Economic Growth.

"This book is good, damn good and no statistics!" Lindsay Gordon, MA, MSC, PHD.

Every serious economics student should have a copy and read this ground-breaking foundation of clear economic thinking. Real Economics explains how human actions shape our world and why so much seems to be going wrong for Western economies. This book will bring enlightenment for the general reader who will see why a few very wealthy are becoming exceedingly rich and the middle classes are on the road to serfdom.

See more: www.realeconomics.co.nz