DEPRESSION. WITHOUT CHRIST WHAT CAN NZ EXPECT

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Robbo - by name and by nature (robbing not from the rich and not giving NZ's goods to the poor either) 

"New Zealand is likely to go through a double-dip recession this year" - Kiwibank economists. "Do you know what else a double-dip recession signals? A depression" - Cam Slater (BFD).

The national outlook is one of doom and gloom and what else can New Zealand expect? This is the most pagan country on earth. We have probably the worst record for babykilling in the world. 

We legalised same-sex marriage and our Minister of Finance, Grant Robertson, is 'married' to a man. And got busted following a 'cute boys' Instagram account. We've legalised killing of the terminally ill and elderly. 

And the Labour Government removed Jesus Christ from Parliament's prayer. 

"Our Lord Jesus Christ the God-Man is our King by every conceivable right and title, both human and divine. He has the RIGHT to be obeyed and honored by all human societies, especially governments. 

"The Rights of Man are all subject to those of Christ the King, and all so-called ‘human rights’ will disappear if God’s rights are not properly honored by society" - Rev Denis Fahey CSSp.

Thomas Francis Dicksee (1819-1895), “Christ of the Cornfield” 

New Zealand is on a hiding to nothing. Let Cam Slater of the BFD take up the sorry tale:

The Government and Grant Robertson would have you believe that everything is going swimmingly in the economy. This is despite them tipping us into recession, borrowing and spending like a drunken sailor, with poorly targeted government spending, like the multi-billion dollar Covid fund, all fuelling rampant inflation.

Everything is just fine. Except it’s not.

Government debt now $5b above budget forecast as accounts continue to disappoint

The government’s accounts have deteriorated further from the track marked out by Finance Minister Grant Robertson in the Budget.

The Treasury reported that the government’s operating (Obegal) deficit for the 11 months to the end of May stood at $6.5 billion, which was $2.1b higher than the forecast it released in the Budget.

The deficit had been $1.3b behind forecast at the end of April.

Net core Crown debt has now risen $5b above forecast to $73b, or to 18.9% of GDP.

That is significantly above the Budget forecast which had charted that it would stand at 17.6% of GDP at the end of May.

These clowns and economic vandals are fiddling while New Zealand burns, and they are throwing cash on the economic bonfire.

No wonder they had to let the fuel excise discount lapse, to hit us harder at the pump. They need every dollar they can find, just to keep the lights on.

To put that amount of extra borrowing into perspective, you’ll remember the outrage over Labour agreeing to Winston’s Provincial Growth Fund, which was $3 billion. We at least got things for that; with this extra borrowing, which is nearly double the PGF, we’ve got nothing, not even an explanation.

Which now brings me to the next bit of bad news.

Double-dip recession ahead for New Zealanders, economists forecast

New Zealand is likely to go through a “double-dip” recession this year, Kiwibank economists say.

They have revised their economic forecasts up, but still expect a downturn.

The economists said after the summer quarters put the economy into a technical recession, there would be a bounce back in the second quarter’s gross domestic product (GDP) update.

That was likely to be followed by another dip in the third and fourth quarters of this year, and the first quarter of next year.

“We expect a three-quarter, cumulative 0.4% contraction in economic activity beginning from the second half of the year. If we include periods of effectively no growth in 2024, we’re expecting about 12 straight months of very weak activity ahead.

“It’s a Reserve Bank-engineered recession.”

Stuff

Do you know what else a double-dip recession signals? A depression.

A depression occurs when one of two events happens:

1. a decline in real GDP exceeding 10 per cent, or
2. a recession lasting two or more years.

3. Now ask yourself this: can you see things improving if a Labour/Green/Maori coalition is returned at the election?

   You should be very afraid about the economic future of this country if we continue to have economic illiterates like Robertson in charge, but now, adding in the economic saboteurs of the Greens and the evilness of the race-based politics that the Maori Party brings to the table, you should be terrified.

   As I’ve said before, if you want a change of government at the next election, in just 100 days, then there are only three parties to vote for. National, ACT or NZ First. Place your party vote with whichever party you think suits your own personal circumstances, and do whatever you like with your electorate vote.

 

Miracle of the Loaves and Fishes
Giovanni Lanfranco


"Grant us an increase of religion, that Thou may nourish in us what is good and by Thy solicitous kindness mayest preserve in us what Thou hast nourished" - Collect, Sixth Sunday after Pentecost