Saturday, 28 July 2012

FLIER TEMPLATE: John Key, Asset Sales, LIBOR Scandal

This article can be made into a 2-sided flier to help your family, friends, colleagues, random passers-by understand what the concerns are for:

1) having John Key as our Prime Minister

2) giving up New Zealand's Electricity/ Energy Assets and Air New Zealand and allowing them to be sold on the International Stock Exchange as 'shares'

3) the LIBOR scandal and implications for the Stock Exchange

Please feel free to use this article in whole or in part.  The content may change slightly as more comes to light about the LIBOR Scandal.  Isn't it odd that the Colorado picture theatre shootings detracted people's attention so nicely from the then-breaking LIBOR Scandal story?  Do people remember the LIBOR story now ??  Point made  :-/

Copy-paste the 2 different pages beside each other in 2 separate 'text boxes' for A4 sized paper. You might have to edit content or try out different fonts to get the text to fit in your text box. Print a trial copy. Then print the same 2 pages on the back side as well. You might have to adjust the placement of your text boxes so the printing aligns. Make sure you print with the tops of the pages in alignment on both sides (so you don't get them upside down). This gives you double-sided A5 fliers with Page 1 and 2 printed on both sides.  All you need now is a guillotine or steady hands and a pair of scissors and you're ready to go   : )

Flier: Page 1

Who Is John Key ??

John Phillip Key (born 9 August 1961) is the 38th Prime Minister of New Zealand, in office since 2008. He has led the New Zealand National Party since 2006.  Born in Auckland before moving to Christchurch when he was a child, Key attended the University of Canterbury and graduated in 1981 with a Bachelor of Commerce, also later undertaking management studies at Harvard University in Boston. He began a career in the foreign exchange market in New Zealand before moving overseas to work for Merrill Lynch, in which he became head of global foreign exchange in 1995, a position he would hold for six years. In 1999 he was appointed a member of the Foreign Exchange Committee of the Federal Reserve Bank of New York until leaving in 2001.

Key's relentless climb to the top has been well documented. He started his career in FOREX in 1985 with Elders Merchant Finance in Wellington. It was the year the New Zealand dollar was floated, putting him in at the ground floor for profits from what became one of the world's hottest currencies for speculators… Key proved a successful "price maker" setting Elders' price for the kiwi from moment to moment, and attracting large flows of orders to buy and sell. He was headhunted by Bankers Trust to head their 30-strong dealing room in Auckland in 1988. Sources say Key was soon earning $1m each year in salary and bonuses, more than 30 times the average wage at the time.  He formed what was to be a lucrative relationship with 32-year-old currency trader Andy Krieger, based at Bankers Trust in New York, who began putting hundreds of millions of dollars of business through Key's dealing room.

In the autumn of 1987 Andrew Krieger, the Global head of the Foreign Exchange of the Bankers Trust New York launched a brutal and spectacular attack on the New Zealand dollar… So it is not hard to understand that John Key who after all has come back to do “good” for New Zealanders is more than eager to distance himself from this episode of Foreign Exchange history…  Key’s then-boss, Gavin Walker, points out that working with Krieger was part of the job. “Managing that relationship on behalf of the dealing room was part of John’s responsibilities. He knew everything Krieger was executing on our desk.”

Flier: Page 2  

John Key’s playground IS the Stock Exchange…

Trading Stocks and Commodities has been John Key’s job all of his life and he has been top in his field.  Key returned to NZ from New York to take up a life in politics.  In New York 1999-2001, John Key had been one of four advisers to Alan Greenspan, the Chairman (retired) of The United States Federal Reserve Bank. The Chairman is now Ben Bernanke. The US Federal Reserve Bank is a privately owned bank which controls the American economy.  You will agree that they’re very good at lining their own pockets and that they behave without any conscience in respect of the people of the United States. They would rather give free bail-outs to their financial collaborators, Lehman et al. and let the common person suffer. These are the people who John Key worked for. John Key, I believe, is a person also without conscience.  
Google: "psychopathic personalities (without empathy) employed in banking and finance"

What’s the problem with selling our Assets on the Stock Exchange?

There are many… The most current problem is the manipulation of the LIBOR - the London Inter-Bank Offered Rate  (LIBOR sets rates for mortgages, credit cards, invest-ments, etc.)

3 July 2012:   LIBOR Scandal Suggests the Whole Game is Rigged:

A string of Wall Street crises, including the 2008 stock market crash, the collapse of the mortgage market, the botched Facebook IPO and the scandals at JPMorgan Chase and Barclays have meant “some very heavy body blows experienced by the public,” Richard Grasso [said]. “It's been a real tough time for consumers who want to get back into the market."  Grasso’s comments followed remarks last week by Securities and Exchange Commission Chairman Mary Schapiro that investors have a "concern about the integrity of the marketplace."  Schapiro told a congressional subcommittee that U.S. markets are threatened with "an unwillingness [by investors] to ever engage in the markets again."  Investors are unsure "whether they're getting accurate and honest information" from companies looking to sell stock to the public and uncertain "whether the market structure itself is tilted against the individual investor and in favor the institutional investor," Schapiro said. 1647715.html,,

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