Trump’s brilliant strategy to dismantle US dollar hegemony

Written By: - Date published: 5:05 pm, February 3rd, 2019 - 56 comments
Categories: Deep stuff, economy, energy, Financial markets, Globalisation, Iran, law, military, Privatisation, Propaganda, Russia, United Nations, us politics, war - Tags:

Polymath economist Professor Michael Hudson‘s latest article is a geopolitical panoramic masterpiece, sparked by outrage at a series of concurrent events on January 31 which he predicts means that 2019 will be the “year of global fracture.” Definitely worth reading and thinking about.   

The irony for him is that it is the neocons and the populist Trump who are initiating “the end of America’s unchallenged global economic dominance.”   The root cause he says is clear:

foreign political leaders are coming to recognize what world-wide public opinion polls reported even before the Iraq/Iran-Contra boys turned their attention to the world’s largest oil reserves in Venezuela: The United States is now the greatest threat to peace on the planet.

He goes on to say:

Perhaps the problem had to erupt as a result of the inner dynamics of U.S.-sponsored globalism becoming impossible to impose when the result is financial austerity, waves of population flight from U.S.-sponsored wars, and most of all, U.S. refusal to adhere to the rules and international laws that it itself sponsored seventy years ago in the wake of World War II.

And further:

Imperial threats are no longer military. No country (including Russia or China) can mount a military invasion of another major country. Since the Vietnam Era, the only kind of war a democratically elected country can wage is atomic, or at least heavy bombing such as the United States has inflicted on Iraq, Libya and Syria. But now, cyber warfare has become a way of pulling out the connections of any economy. And the major cyber connections are financial money-transfer ones, headed by SWIFT, the acronym for the Society for Worldwide Interbank Financial Telecommunication, which is centered in Belgium.

He concludes:

Where is the left in all this? That is the question with which I opened this article. How remarkable it is that it is only right-wing parties, Alternative for Deutschland (AFD), or Marine le Pen’s French nationalists and those of other countries that are opposing NATO militarization and seeking to revive trade and economic links with the rest of Eurasia.

He is passionate as well as articulate. There are a few mistakes – the head of the World Bank has not always been a former Secretary of Defense – Robert McNamara was and neocon Paul Wolfowitz was Deputy Secretary to Donald Rumsfeld.

But I am sure he is right about global fracture in 2019. Brexit is just for starters.

 

56 comments on “Trump’s brilliant strategy to dismantle US dollar hegemony ”

  1. Ad 1

    Hudson imputes that it’s all the fault of the left.
    For not being ….. somethingsomething enough.

    He also imputes that Trump’s politics are at fault, because Trump is hiring names Hudson recognises of the 1980s and 1990s.

    Academics that can only evaluate through historical filters are just long-wave melancholics prepisessed by inevitability and have more in common with predestination theologians like Calvin and Zwingli than current events.

    IMHO the causes of Trump are mostly within the GFC. But it’s so foolish to aascribe so much power to any one President. So far the system is responding to him pretty well. And business is great.

  2. Pat 2

    “Imperial threats are no longer military. No country (including Russia or China) can mount a military invasion of another major country. Since the Vietnam Era, the only kind of war a democratically elected country can wage is atomic, or at least heavy bombing such as the United States has inflicted on Iraq, Libya and Syria. But now, cyber warfare has become a way of pulling out the connections of any economy. And the major cyber connections are financial money-transfer ones, headed by SWIFT, the acronym for the Society for Worldwide Interbank Financial Telecommunication, which is centered in Belgium.”

    What a load of bollocks

    • Blazer 2.1

      why is it a load of bollocks?Hudson backs his view…what have you got?

      • Pat 2.1.1

        Iraq, Afghanistan, Lebanon,Syria,Georgia and Ukraine for a start…..anyone with a smattering of military nous would understand that in order to control/use of desired resources requires a physical presence…or boots on the ground….you may be able to disrupt or even stop someone from using a resource you desire via air power or cyber means but that will not deliver that resource to your use…..and conflict for resources is anything but history

        • francesca 2.1.1.1

          Look at the Bank of England refusing to allow Venezuela its gold back, and turning over Venezuela’s frozen US assets to Guaido
          Get Guaido in and Venezuela’s publicly owned oil is privatised and turned over to the US
          Thats how you get resources without going to war
          A lot quicker too, its happened through most of Latin America, left wing govts ousted , US friendly in

          • Dennis Frank 2.1.1.1.1

            Yes, but simplistic analysis just leads you astray. I agree that privatisation is an ideological threat. I agree that capture of the gold may be a Trump scheme. There’s more to the reality of the situation than that, however.

            The National Assembly is Venezuela’s authentic parliament. Removal of state power was an effective stalinist coup, and the establishment by Maduro of an alternative assembly to masquerade as parliament is also effective stalinism, but that doesn’t mean everyone ought to accept it as a necessary evil. Why would you expect the Bank of England to give Venezuela’s gold to Maduro?

            Anyone who refuses to hold free and fair elections is anti-democratic. That’s why they want to give the gold to the authentic representatives of the people.

            • francesca 2.1.1.1.1.1

              I expect the Bank of England give Venezuela’s gold back to the UN recognised Venezuelan govt, when requested
              Don’t you?
              Otherwise its theft.
              As to the elections
              Sure you haven’t been suckered by Venezuela’s mostly elite owned press, and the usual suspects in the west?

              http://rogerannis.com/governing-socialist-party-venezuela-wins-victory-oct-15-elections-regional-states/

              And lets not forget it was the opposition who chose not to participate in the elections
              Tell me . who declares who is the authentic representative of the Venezuelan people?
              Is it the Venezuelan people,and its Supreme Court ?
              Is it the UN, who recognises Maduro
              Or is it the Bank of England?

              This article discusses media bias with examples and refutations

              https://www.truthdig.com/articles/why-venezuela-reporting-is-so-bad/

            • Gabby 2.1.1.1.1.2

              In praxis it was a hitlerite coup by the fascist Manuro franxie.

            • mikesh 2.1.1.1.1.3

              Most countries’ constitutions allow their governments to assume powers of a dictatorial nature when faced with a national emergency, and I assume Venezuela is no different. Clearly a national emergency exists in Venezuela at the present time.

          • Kevin 2.1.1.1.2

            And no body bags to explain.

          • Pat 2.1.1.1.3

            the withholding of the gold is simply leverage to place the desired boots on the ground…..it may or may not work….ultimately there is only one way to obtain access to any desired resource and if you think military conflict is passe then i suspect you are in for a rude awakening

    • francesca 2.2

      US applied sanctions can only work when all international transactions go through the SWIFT system, transiting through major banks located in the US
      SWIFT is a mechanism by which America applies the screws to its competitors economies.
      It gives America huge extra jurisdiction powers .
      Hudson is correct , and he’s been around longer than most commentators on this site

      https://www.foreignpolicyjournal.com/2018/05/12/for-economic-truth-turn-to-michael-hudson/

      • Dennis Frank 2.2.1

        Paul Craig Roberts is often flakey, but I like this bit: “Neoliberal economics is an essential part of The Matrix, the false reality in which Americans and Europeans live.” That’s a key point. The left and right in Aotearoa got sucked down that rabbit hole too. Those of us neither left nor right knew it was crap. Some leftists refused to take the bait too, I ought to be fair enough to acknowledge, which caused the New Labour Party to emerge as an attempt to continue socialism. Still waiting for the explanation of why it failed…

        • francesca 2.2.1.1

          I agree re the slightly hysterical flakiness,regarding US/Russia and imminent nuclear holocaust, but his economic nous is pretty spot on

      • Pat 2.2.2

        I have read the bulk of the linked article and much of what he says is justified….NOT however the paragraph I said was bollocks…it is and for the reason i stated regardless of how long hes been around

    • rata 2.3

      I think I read this article in 1973,1983 !995, 2007 and 2014.
      Different writer same article.
      The “news’ is so formula this could be taken from any
      economic forecast from any media outlet any year since 1969.
      50 yeas the same “news” the same responses.
      deja vu all over again…again

      • Pat 2.3.1

        it may well have been the same author….this has been his passion since the seventies….people can become myopic.

    • Mike Smith 2.4

      Not sure that it’s bollocks Pat. Your premise is correct but I think Hudson’s point is about future invasions after the lessons provided by the countries you mention. Iraq was a disaster for the Americans, Afghanistan is a disaster for the Americans and was for the Russians, Lebanon taught the Israelis a lesson, Libya is still a disaster. Hudson points out that remaining option is bombing, nuclear or otherwise. What he doesn’t mention is the use of proxy forces, but those are also proving problematic for those using them.

  3. Blazer 3

    wow just wow!This dissertation lays bare the ‘magic show’ of western Capitalism and the reality of the US$ as a weapon of mass destruction.

  4. Gosman 4

    This idea that the US invades countries and grabs resources is unsupported by the reality. The countries where the US has been involved militarily where there was oil or gas involved Iraq, Libya, and even Afghanistan (proposed gas pipeline) have not given US oil and gas intetests any significant commercial benefits afterwards.

    • DJ Ward 4.1

      Well it’s clear in this case that the US apart from reacting against a socialist dictator that makes Chavez look moderate, is reacting to the privatising of Venezuela oil assets into mostly Russian and Chinese hands. So there is that Cold War feel to things.

      Iraq and Libya were about both nations moving to exclude trade of oil out of US currency and commodity exchanges. It’s possible the same exclusion of those two things was taking place in Venezuela due to sanctions. An understandable move by all three nations.

      So your correct they didn’t take the oil, but that’s because it was actually more about clipping the ticket and propping up currency. Let’s face it, the US is basically bankrupt and there currency should be worth far less than what it is.

      • Gosman 4.1.1

        Your analysis ignores the face that both Iraq and Libya proposed using the Euro instead of the US Dollar and countries using the Euro also supported both interventions. In the case of Libya it was the French that were the driving force.

    • mikesh 4.2

      Benefitting from other countries’ oil was not what it was all about. The point was to ensure that all transactions involving oil, gas, and their futures were conducted only in US dollars. This seems to be necessary if the US is maintain its hegemony.

      • Gosman 4.2.1

        Why did the French support the intervention and indeed lead it in Libya then?

        • mikesh 4.2.1.1

          I don’t know. Please let us know why YOU think the French invaded Libya. But whatever the reason, I’m sure the US was happy to support them. As Mrs Clinton said gleefully of Colonel Gadaffi, “We came, we saw, he died.”

          • mikesh 4.2.1.1.1

            PS: I seem to recall reading that The French president had borrowed money from Gadaffi to cover his election expenses. I think he invaded Libya so that he would not have to repay the debt.

  5. Wayne 5

    Afghanistan basically has no minerals worth extracting (at an economic price). Just too remote and difficult. The only people who can are the Chinese, in part because they have a land border (though a very mountainous one). But the Chinese seem to be able to do miracles with tunnels.

    The US and partners were/are not involved in Afghanistan for any economic reason. The reason is quite easy to discern; September 11, 2001.

    As for Venezuela, time will see. Basically the military will have to turn. The sanctions (until about a week ago) were all on specific individuals, so were not the primary cause of the economic failure. Now they include the state owned oil company.

    I don’t see the US having any appetite to invade Venezuela. The only trigger would be large scale killings by the military. I don’t see that happening.

    The military turning would simply require them to stay in their barracks, that is, not following Maduro’s orders. If that happens a transfer of power will happen quite quickly.

    • francesca 5.1

      “Whoever rules Eurasia rules the world” as regards Afghanistan and its geopolitical value

      Here’s the UN on Venezuelan sanctions, not exactly harmless and targeting elites

      http://www.scoop.co.nz/stories/WO1902/S00003/venezuela-sanctions-harm-human-rights-of-innocent-people.htm

      Do we think “its worth it ” Wayne?

    • Blazer 5.2

      ABC-‘Afghanistan has untapped mineral and energy reserves estimated to be worth up to $US3 trillion with vast deposits of resources including oil and gas, iron ore, gold and copper. But it is one of the poorest countries in the world, with the World Bank estimating per capita income of $470 per year.’

      ‘Afghanistan is the only really viable pipeline route from the Caspian Basin to markets in China and Japan as well as to an international port outside of the volatile Mediterranean area’-Quora

      ‘https://www.reuters.com/article/us-afghanistan-mining/afghanistan-signs-major-mining-deals-in-development-push-idUSKCN1MH0FM

  6. Dennis Frank 6

    Hudson’s view isn’t total crap, but it is shallow. I hope he’s right about the fracturing thing – the sooner the elitist control system disintegrates, the better. However he’s so ill-informed he doesn’t even mention the Bilderbergers.

    The problem with the binary frame is that it stops the multipolar nature of geopolitics from being seen as the primary contemporary psychodynamic operating. Cold-warism is a mental affliction of academic policy-analysts that prevents clarity of perception.

    The American empire fracturing under Trump would be a welcome outcome, provided it doesn’t produce total chaos. Creativity emerges at the margin between order and chaos – we learnt that from chaos theory in the late eighties – so every player get more room to move and better options emerging.

    The elite plan for a new world order is not necessarily malignant. Paranoia about the Bilderbergers arises the minds who assume elites are evil and the people are good. Reality has never been that simple. Soros is a demon only in the psyche of the simple-minded. Elites can be benevolent. They can dictate without dictators as figureheads.

    We ought to watch the recycled neocons with scepticism, and evaluate their behaviour critically. Any demonic actions will be evident – eventually. No need to jump to premature conclusions. As regards dollar hegemony, the market dictates that. The dollar will stop being currency of choice only when a better option emerges!

    • francesca 6.1

      The dollar is in the process of being dumped as more and more realise their dependence on a rogue state , and the economic vulnerabilities that brings

      • Dennis Frank 6.1.1

        Perception, not reality. We thought the gfc would cause that shift. We thought the dot-com crash would cause that shift, prior. We thought the ’90s crises would do it, too. The market keeps proving to us that crises are insufficient to change mass behaviour. Only a positive alternative will induce people to make the shift.

        • francesca 6.1.1.1

          China is dumping its US bonds

          https://www.rt.com/business/444345-china-us-treasury-holdings-drop/

          The EU is seeking ways to trade with Iran that avoid SWIFT (and transit through US banks)
          Trade between India/Russia/China uses local currencies rather than US dollars
          The US dollar will never disappear, but a multi currency system is beginning to emerge, which dilutes the Dollar hegemony
          Countries are scrambling to reduce their vulnerability to the power of the US through its dollar dominance

    • Blazer 6.2

      you deserve some sort of award for this…

      ‘The problem with the binary frame is that it stops the multipolar nature of geopolitics from being seen as the primary contemporary psychodynamic operating. Cold-warism is a mental affliction of academic policy-analysts that prevents clarity of perception.’

      not sure which…one!👏

      • Dennis Frank 6.2.1

        Thanks, Blazer. Framing has become the most effective means of persuasion. I’m not sure why. Something rooted in deep psychology. Binary framing is traditional – we get it from the christians but the good/evil dichotomy is ancient. Christians got it from judaism, and the hebrews got it from the zoroastrians.

        I learnt both/and logic in the late sixties at the University of Auckland. I encountered it in both physics and computing then. Academic silos still prevent it being acknowledged as primary metaphysics. It is the positive alternative to zero-sum thinking. It produces win/win outcomes.

    • Gabby 6.3

      Lie back and wait til it’s over eh franxie.

    • the other pat 6.4

      ” The problem with the binary frame is that it stops the multipolar nature of geopolitics from being seen as the primary contemporary psychodynamic operating. Cold-warism is a mental affliction of academic policy-analysts that prevents clarity of perception.”……..i think my head just exploded 8-}

  7. RedLogix 7

    So now we’ve decided the USA is a dangerous rogue state, China is a techno-fascist Orwellian hell-hole, Russia is run by authoritarian thugs, the EU is paralysed by it’s own internal contradictions, Britain can’t make a decision to save itself, Australia is full of racist climate change denying bogans … and so on … where does anyone think we should go from here?

    • veutoviper 7.2

      After your “Confessions of a Blackberry Killer” yesterday, and now this, RedLogix I am seriously considering giving up on reading political blogs, Even housework – anything – seems preferable. LOL.

      Mind you, like Blazer at 6.2, I almost gave up after trying and giving up on understanding Dennis Frank’s “The problem is …” sentence in his comment at 6.

      This was followed by being bored to almost sleep by listening to RNZ National Nine to Noon’s Political Commentators droning on. That segment is now almost a case of “Bring back Matthew Hooton” …

      Mind you, now having aired off, maybe I will wait to see what other replies you get …

      Now, Mars – there’s a possibility.

      • RedLogix 7.2.1

        Maybe I shouldn’t say anything about what I do to errant cane toads on the way to work …

        But it’s still a serious question; having diagnosed the current world order as lamentably defective … where does the left imagine the path forward is? Especially if we are intellectually honest enough to acknowledge our part in all of this.

        • veutoviper 7.2.1.1

          Re the cane toads, no don’t mention otherwise I may feel the need to recontact some of my old SPCA colleagues in Australia! LOL

          (PS -did you see my reply and other responses to your Blackberry confession? Again LOL – it really triggered similar memories in a few or us!)

          But you are right; it is a very serious question which hits you directly in the eye/head/intellect when you see it put so boldly as you did – well said.

          in fact it is really another case of what you commented on the How To Get There post yesterday – short but for the most part hits the nail on the head IMO so I will quote it here:

          “Well if we’re serious about this kind of transition we need to think about what it would take to achieve it at a meaningful scale.

          That means people capable of taking an idea, working up a plan, building a team and leading it to a result. It takes capital, dealing with bureaucracy, lobbying and developing markets.

          It will happen when competency and hard work meet opportunity and cash flow. History is littered with well-meaning people whose hopes turned to ashes at the first contact with reality. Dreaming behind our keyboards won’t cut mustard.”

          I did not reply there but have been mulling what you said over in relation to
          the How to Get There posts. I don’t want to appear to criticise the posts as the response has been great and covers a lot of ground and ideas. However, as facilitating strategic and business planning was part of my public service days, I really feel a bit frustrated that the lack of structure, categorisation etc will lead to all these good ideas etc being lost in the TS archives. Also still mulling our other conversation re TS rules, behaviours etc. So wont be disappearing, but have now strayed well from the topic of this post. My apologies.

          • Dennis Frank 7.2.1.1.1

            Don’t apologise: substantial thinking requires no apology. You’ve identified the relevance of praxis without saying so. I’ve made a similar criticism here previously about the ephemeral nature of political blog commentary. Any effect on political process is incidental.

            However the premise of political blogs was merely to provide opportunity for feedback to essay-writers and thesis providers. None yet have been established for the purpose of collaboration. I put up an interim design of one in 2011 but lacked time & energy to promote it (altAotearoa), and it is now in the process of relocation and redesign to make it fit for purpose.

            Politically centrist, it is intended to help everyone transcend the inadequacies of representative democracy. Any similar leftist project immediately runs into the partisan handicap, so I cannot offer advice helpfully, other than to point out that the vehicle must be constructed for the purpose of collaboration. Enough idle chatter elsewhere!

    • the other pat 7.3

      we live with less….we look after one another more……….we treasure the earth as the mother that keeps us alive…..grow long hair and beards and lots of veges!

  8. CHCoff 8

    ‘Imperial threats are no longer military’

    Military sepending continues to increase around the world for no other reason.

    Brexit does look like an exercise in exporting unsustainability ( the bureaucracy paradigm, solve a problem by making it bigger).

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  • ALEX HOLLAND: Labour’s spending
    Alex Holland writes –  In 2017 when Labour came to power, crown spending was $76 billion per year. Now in 2023 it is $139 billion per year, which equates to a $63 billion annual increase (over $1 billion extra spend every week!) In 2017, New Zealand’s government debt ...
    Point of OrderBy poonzteam5443
    3 days ago
  • If not now, then when?
    Labour released its fiscal plan today, promising the same old, same old: "responsibility", balanced books, and of course no new taxes: "Labour will maintain income tax settings to provide consistency and certainty in these volatile times. Now is not the time for additional taxes or to promise billions of ...
    No Right TurnBy Idiot/Savant
    3 days ago
  • THE FACTS:  77% of Kiwis believe NZ is becoming more divided
    The Facts has posted –        KEY INSIGHTSOf New Zealander’s polled: Social unity/division 77%believe NZ is becoming more divided (42% ‘much more’ + 35% ‘a little more’) 3%believe NZ is becoming less divided (1% ‘much less’ + 2% ‘a little less’) ...
    Point of OrderBy poonzteam5443
    3 days ago
  • Gordon Campbell on the cynical brutality of the centre-right’s welfare policies
    The centre-right’s enthusiasm for forcing people off the benefit and into paid work is matched only by the enthusiasm (shared by Treasury and the Reserve Bank) for throwing people out of paid work to curb inflation, and achieve the optimal balance of workers to job seekers deemed to be desirable ...
    3 days ago
  • Wednesday’s Chorus: Arthur Grimes on why building many, many more social houses is so critical
    New research shows that tenants in social housing - such as these Wellington apartments - are just as happy as home owners and much happier than private tenants. Photo: Lynn Grieveson / The KākāTL;DR: The election campaign took an ugly turn yesterday, and in completely the wrong direction. All three ...
    The KakaBy Bernard Hickey
    3 days ago
  • Old habits
    Media awareness about global warming and climate change has grown fairly steadily since 2004. My impression is that journalists today tend to possess a higher climate literacy than before. This increasing awareness and improved knowledge is encouraging, but there are also some common interpretations which could be more nuanced. ...
    Real ClimateBy rasmus
    3 days ago
  • Bennie Bashing.
    If there’s one thing the mob loves more than keeping Māori in their place, more than getting tough on the gangs, maybe even more than tax cuts. It’s a good old round of beneficiary bashing.Are those meanies in the ACT party stealing your votes because they think David Seymour is ...
    Nick’s KōreroBy Nick Rockel
    3 days ago
  • The kindest cuts
    Labour kicks off the fiscal credibility battle today with the release of its fiscal plan. National is expected to follow, possibly as soon as Thursday, with its own plan, which may (or may not) address the large hole that the problems with its foreign buyers’ ban might open up. ...
    PolitikBy Richard Harman
    3 days ago
  • Green right turn in Britain? Well, a start
    While it may be unlikely to register in New Zealand’s general election, Britain’s PM Rishi Sunak has done something which might just be important in the long run. He’s announced a far-reaching change in his Conservative government’s approach to environmental, and particularly net zero, policy. The starting point – ...
    Point of OrderBy xtrdnry
    3 days ago
  • At a glance – How do human CO2 emissions compare to natural CO2 emissions?
    On February 14, 2023 we announced our Rebuttal Update Project. This included an ask for feedback about the added "At a glance" section in the updated basic rebuttal versions. This weekly blog post series highlights this new section of one of the updated basic rebuttal versions and serves as a ...
    3 days ago
  • How could this happen?
    Canada is in uproar after the exposure that its parliament on September 22 provided a standing ovation to a Nazi veteran who had been invited into the chamber to participate in the parliamentary welcome to Ukrainian President Zelensky. Yaroslav Hunka, 98, a Ukrainian man who volunteered for service in ...
    4 days ago
  • Always Be Campaigning
    The big screen is a great place to lay out the ways of the salesman. He comes ready-made for Panto, ripe for lampooning.This is not to disparage that life. I have known many good people of that kind. But there is a type, brazen as all get out. The camera ...
    More Than A FeildingBy David Slack
    4 days ago
  • STEPHEN FRANKS: Press seek to publicly shame doctor – we must push back
    The following is a message sent yesterday from lawyer Stephen Franks on behalf of the Free Speech Union. I don’t like to interrupt first thing Monday morning, but we’ve just become aware of a case where we think immediate and overwhelming attention could help turn the tide. It involves someone ...
    Point of OrderBy poonzteam5443
    4 days ago
  • Competing on cruelty
    The right-wing message calendar is clearly reading "cruelty" today, because both National and NZ First have released beneficiary-bashing policies. National is promising a "traffic light" system to police and kick beneficiaries, which will no doubt be accompanied by arbitrary internal targets to classify people as "orange" or "red" to keep ...
    No Right TurnBy Idiot/Savant
    4 days ago
  • Further funding for Pharmac (forgotten in the Budget?) looks like a $1bn appeal from a PM in need of...
    Buzz from the Beehive One Labour plan  – for 3000 more public homes by 2025 – is the most recent to be posted on the government’s official website. Another – a prime ministerial promise of more funding for Pharmac – has been released as a Labour Party press statement. Who ...
    Point of OrderBy Bob Edlin
    4 days ago
  • Bryce Edwards: The Vested interests shaping National Party policies
    As the National Party gets closer to government, lobbyists and business interests will be lining up for influence and to get policies adopted. It’s therefore in the public interest to have much more scrutiny and transparency about potential conflicts of interests that might arise. One of the key individuals of ...
    Democracy ProjectBy bryce.edwards
    4 days ago
  • Labour may be on way out of power and NZ First back in – but will Peters go into coalition with Na...
    Voters  are deserting Labour in droves, despite Chris  Hipkins’  valiant  rearguard  action.  So  where  are they  heading?  Clearly  not all of them are going to vote National, which concedes that  the  outcome  will be “close”. To the Right of National, the ACT party just a  few weeks  ago  was ...
    Point of OrderBy tutere44
    4 days ago
  • GRAHAM ADAMS: Will the racists please stand up?
    Accusations of racism by journalists and MPs are being called out. Graham Adams writes –    With the election less than three weeks away, what co-governance means in practice — including in water management, education, planning law and local government — remains largely obscure. Which is hardly ...
    Point of OrderBy poonzteam5443
    4 days ago
  • Gordon Campbell on whether Winston Peters can be a moderating influence
    As the centre-right has (finally!) been subjected to media interrogation, the polls are indicating that some voters may be starting to have second thoughts about the wisdom of giving National and ACT the power to govern alone. That’s why yesterday’s Newshub/Reid Research poll had the National/ACT combo dropping to 60 ...
    4 days ago
  • Tuesday’s Chorus: RBNZ set to rain on National's victory parade
    ANZ has increased its forecast for house inflation later this year on signs of growing momentum in the market ahead of the election. Photo: Lynn Grieveson / The KākāTL;DR: National has campaigned against the Labour Government’s record on inflation and mortgage rates, but there’s now a growing chance the Reserve ...
    The KakaBy Bernard Hickey
    4 days ago
  • After a Pittsburgh coal processing plant closed, ER visits plummeted
    This is a re-post from Yale Climate Connections by Katie Myers. This story was originally published by Grist and is part of Covering Climate Now, a global journalism collaboration strengthening coverage of the climate story. Pittsburgh, in its founding, was blessed and cursed with two abundant natural resources: free-flowing rivers and a nearby coal seam. ...
    4 days ago
  • September-23 AT Board Meeting
    Today the AT board meet again and once again I’ve taken a look at what’s on the agenda to find the most interesting items. Closed Agenda Interestingly when I first looked at the agendas this paper was there but at the time of writing this post it had been ...
    4 days ago
  • Electorate Watch: West Coast-Tasman
    Continuing my series on interesting electorates, today it’s West Coast-Tasman.A long thin electorate running down the northern half of the west coast of the South Island. Think sand flies, beautiful landscapes, lots of rain, Pike River, alternative lifestylers, whitebaiting, and the spiritual home of the Labour Party. A brief word ...
    Nick’s KōreroBy Nick Rockel
    4 days ago
  • Big money brings Winston back
    National leader Christopher Luxon yesterday morning conceded it and last night’s Newshub poll confirmed it; Winston Peters and NZ First are not only back but highly likely to be part of the next government. It is a remarkable comeback for a party that was tossed out of Parliament in ...
    PolitikBy Richard Harman
    4 days ago
  • 20 days until Election Day, 7 until early voting begins… but what changes will we really see here?
    As this blogger, alongside many others, has already posited in another forum: we all know the National Party’s “budget” (meaning this concept of even adding up numbers properly is doing a lot of heavy, heavy lifting right now) is utter and complete bunk (read hung, drawn and quartered and ...
    exhALANtBy exhalantblog
    4 days ago
  • A night out
    Everyone was asking, Are you nervous? and my response was various forms of God, yes.I've written more speeches than I can count; not much surprises me when the speaker gets to their feet and the room goes quiet.But a play? Never.YOU CAME! THANK YOU! Read more ...
    More Than A FeildingBy David Slack
    5 days ago
  • A pallid shade of Green III
    Clearly Labour's focus groups are telling it that it needs to pay more attention to climate change - because hot on the heels of their weaksauce energy efficiency pilot programme and not-great-but-better-than-nothing solar grants, they've released a full climate manifesto. Unfortunately, the core policies in it - a second Emissions ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • A coalition of racism, cruelty, and chaos
    Today's big political news is that after months of wibbling, National's Chris Luxon has finally confirmed that he is willing to work with Winston Peters to become Prime Minister. Which is expected, but I guess it tells us something about which way the polls are going. Which raises the question: ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • More migrant workers should help generate the tax income needed to provide benefits for job seekers
    Buzz from the Beehive Under something described as a “rebalance” of its immigration rules, the Government has adopted four of five recommendations made in an independent review released in July, The fifth, which called on the government to specify criteria for out-of-hours compliance visits similar to those used during ...
    Point of OrderBy Bob Edlin
    5 days ago
  • Letter To Luxon.
    Some of you might know Gerard Otto (G), and his G News platform. This morning he wrote a letter to Christopher Luxon which I particularly enjoyed, and with his agreement I’m sharing it with you in this guest newsletter.If you’d like to make a contribution to support Gerard’s work you ...
    Nick’s KōreroBy Nick Rockel
    5 days ago
  • LINDSAY MITCHELL: Alarming trend in benefit numbers
    Lindsay Mitchell writes –  While there will not be another quarterly release of benefit numbers prior to the election, limited weekly reporting continues and is showing an alarming trend. Because there is a seasonal component to benefit number fluctuations it is crucial to compare like with like. In ...
    Point of OrderBy poonzteam5443
    5 days ago
  • BRIAN EASTON: Has there been external structural change?
    A close analysis of the Treasury assessment of the Medium Term in its PREFU 2023 suggests the economy may be entering a new phase.   Brian Easton writes –  Last week I explained that the forecasts in the just published Treasury Pre-election Economic and Fiscal Update (PREFU 2023) was ...
    Point of OrderBy poonzteam5443
    5 days ago
  • CRL Progress – Sep-23
    It’s been a while since we looked at the latest with the City Rail Link and there’s been some fantastic milestones recently. To start with, and most recently, CRL have released an awesome video showing a full fly-through of one of the tunnels. Come fly with us! You asked for ...
    5 days ago
  • Monday’s Chorus: Not building nearly enough
    We are heading into another period of fast population growth without matching increased home building or infrastructure investment.Photo: Lynn Grieveson / The KākāTL;DR: Labour and National detailed their house building and migration approaches over the weekend, with both pledging fast population growth policies without enough house building or infrastructure investment ...
    The KakaBy Bernard Hickey
    5 days ago
  • Game on; Hipkins comes out punching
    Labour leader Chris Hipkins yesterday took the gloves off and laid into National and its leader Christopher Luxon. For many in Labour – and particularly for some at the top of the caucus and the party — it would not have been a moment too soon. POLITIK is aware ...
    PolitikBy Richard Harman
    5 days ago
  • Tax Cut Austerity Blues.
    The leaders have had their go, they’ve told us the “what?” and the “why?” of their promises. Now it’s the turn of the would be Finance Ministers to tell us the “how?”, the “how much?”, and the “when?”A chance for those competing for the second most powerful job in the ...
    Nick’s KōreroBy Nick Rockel
    6 days ago
  • MIKE GRIMSHAW:  It’s the economy – and the spirit – Stupid…
    Mike Grimshaw writes – Over the past 30-odd years it’s become almost an orthodoxy to blame or invoke neoliberalism for the failures of New Zealand society. On the left the usual response goes something like, neoliberalism is the cause of everything that’s gone wrong and the answer ...
    Point of OrderBy poonzteam5443
    6 days ago
  • 2023 SkS Weekly Climate Change & Global Warming News Roundup #38
    A chronological listing of news and opinion articles posted on the Skeptical Science Facebook Page during the past week: Sun, Sep 17, 2023 thru Sat, Sep 23, 2023. Story of the Week  Opinion: Let’s free ourselves from the story of economic growth A relentless focus on economic growth has ushered in ...
    6 days ago
  • The End Of The World.
    Have you been looking out of your window for signs of the apocalypse? Don’t worry, you haven’t been door knocked by a representative of the Brian Tamaki party. They’re probably a bit busy this morning spruiking salvation, or getting ready to march on our parliament, which is closed. No, I’ve ...
    Nick’s KōreroBy Nick Rockel
    7 days ago
  • Climate Town: The Brainwashing Of America's Children
    Climate Town is the YouTube channel of Rollie Williams and a ragtag team of climate communicators, creatives and comedians. They examine climate change in a way that doesn’t make you want to eat a cyanide pill. Get informed about the climate crisis before the weather does it for you. The latest ...
    1 week ago
  • Has There Been External Structural Change?
    A close analysis of the Treasury assessment of the Medium Term in its PREFU 2023 suggests the economy may be entering a new phase. Last week I explained that the forecasts in the just published Treasury Pre-election Economic and Fiscal Update (PREFU 2023) was similar to the May Budget BEFU, ...
    PunditBy Brian Easton
    1 week ago
  • Another Labour bully
    Back in June, we learned that Kiri Allan was a Parliamentary bully. And now there's another one: Labour MP Shanan Halbert: The Labour Party was alerted to concerns about [Halbert's] alleged behaviour a year ago but because staffers wanted to remain anonymous, no formal process was undertaken [...] The ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Climate Change: Ignoring our biggest problem
    Its that time in the election season where the status quo parties are busy accusing each other of having fiscal holes in a desperate effort to appear more "responsible" (but not, you understand, by promising to tax wealth or land to give the government the revenue it needs to do ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • JERRY COYNE: A good summary of the mess that is science education in New Zealand
    JERRY COYNE writes –  If you want to see what the government of New Zealand is up to with respect to science education, you can’t do better than listening to this video/slideshow by two exponents of the “we-need-two-knowledge-systems” view. I’ve gotten a lot of scary stuff from Kiwi ...
    Point of OrderBy poonzteam5443
    1 week ago
  • Good news on the GDP front is accompanied by news of a $5m govt boost for Supercars (but what about ...
    Buzz from the Beehive First, we were treated to the news (from Finance Minister Grant Robertson) that the economy has turned a corner and New Zealand never was in recession.  This was triggered by statistics which showed the economy expanded 0.9 per cent in the June quarter, twice as much as ...
    Point of OrderBy Bob Edlin
    1 week ago
  • The Scafetta Saga
    It has taken 17 months to get a comment published pointing out the obvious errors in the Scafetta (2022) paper in GRL. Back in March 2022, Nicola Scafetta published a short paper in Geophysical Research Letters (GRL) purporting to show through ‘advanced’ means that ‘all models with ECS > ...
    Real ClimateBy Gavin
    1 week ago
  • Friday's Chorus: Penny wise and pound foolish
    TL;DR: In the middle of a climate emergency and in a city prone to earthquakes, Victoria University of Wellington announced yesterday it would stop teaching geophysics, geographic information science and physical geography to save $22 million a year and repay debt. Climate change damage in Aotearoa this year is already ...
    The KakaBy Bernard Hickey
    1 week ago
  • CHRIS TROTTER: Calling the big dog’s bluff
      For nearly thirty years the pundits have been telling the minor parties that they must be good little puppies and let the big dogs decide. The parties with a plurality of the votes cast must be allowed to govern – even if that means ignoring the ...
    Point of OrderBy poonzteam5443
    1 week ago
  • The electorate swing, Labour limbo and Luxon-Hipkins two-step
     Another poll, another 27 for Labour. It was July the last time one of the reputable TV company polls had Labour's poll percentage starting with a three, so the limbo question is now being asked: how low can you go?It seems such an unlikely question because this doesn't feel like the kind ...
    PunditBy Tim Watkin
    1 week ago
  • A Womance, and a Nomance.
    After the trench warfare of Tuesday night, when the two major parties went head to head, last night was the turn of the minor parties. Hosts Newshub termed it “the Powerbrokers' Debate”.Based on the latest polls the four parties taking part - ACT, the Greens, New Zealand First, and Te ...
    Nick’s KōreroBy Nick Rockel
    1 week ago

  • New community-level energy projects to support more than 800 Māori households
    Seven more innovative community-scale energy projects will receive government funding through the Māori and Public Housing Renewable Energy Fund to bring more affordable, locally generated clean energy to more than 800 Māori households, Energy and Resources Minister Dr Megan Woods says. “We’ve already funded 42 small-scale clean energy projects that ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Huge boost to Te Tai Tokerau flood resilience
    The Government has approved new funding that will boost resilience and greatly reduce the risk of major flood damage across Te Tai Tokerau. Significant weather events this year caused severe flooding and damage across the region. The $8.9m will be used to provide some of the smaller communities and maraes ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Napier’s largest public housing development comes with solar
    The largest public housing development in Napier for many years has been recently completed and has the added benefit of innovative solar technology, thanks to Government programmes, says Housing Minister Dr Megan Woods. The 24 warm, dry homes are in Seddon Crescent, Marewa and Megan Woods says the whanau living ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Te Whānau a Apanui and the Crown initial Deed of Settlement I Kua waitohua e Te Whānau a Apanui me...
    Māori: Kua waitohua e Te Whānau a Apanui me te Karauna te Whakaaetanga Whakataunga Kua waitohua e Te Whānau a Apanui me te Karauna i tētahi Whakaaetanga Whakataunga hei whakamihi i ō rātou tāhuhu kerēme Tiriti o Waitangi. E tekau mā rua ngā hapū o roto mai o Te Whānau ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Plan for 3,000 more public homes by 2025 – regions set to benefit
    Regions around the country will get significant boosts of public housing in the next two years, as outlined in the latest public housing plan update, released by the Housing Minister, Dr Megan Woods. “We’re delivering the most public homes each year since the Nash government of the 1950s with one ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Immigration settings updates
    Judicial warrant process for out-of-hours compliance visits 2023/24 Recognised Seasonal Employer cap increased by 500 Additional roles for Construction and Infrastructure Sector Agreement More roles added to Green List Three-month extension for onshore Recovery Visa holders The Government has confirmed a number of updates to immigration settings as part of ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Poroporoaki: Tā Patrick (Patu) Wahanga Hohepa
    Tangi ngunguru ana ngā tai ki te wahapū o Hokianga Whakapau Karakia. Tārehu ana ngā pae maunga ki Te Puna o te Ao Marama. Korihi tangi ana ngā manu, kua hinga he kauri nui ki te Wao Nui o Tāne. He Toa. He Pou. He Ahorangi. E papaki tū ana ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Renewable energy fund to support community resilience
    40 solar energy systems on community buildings in regions affected by Cyclone Gabrielle and other severe weather events Virtual capability-building hub to support community organisations get projects off the ground Boost for community-level renewable energy projects across the country At least 40 community buildings used to support the emergency response ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • COVID-19 funding returned to Government
    The lifting of COVID-19 isolation and mask mandates in August has resulted in a return of almost $50m in savings and recovered contingencies, Minister of Health Dr Ayesha Verrall announced today. Following the revocation of mandates and isolation, specialised COVID-19 telehealth and alternative isolation accommodation are among the operational elements ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Appointment of District Court Judge
    Susie Houghton of Auckland has been appointed as a new District Court Judge, to serve on the Family Court, Attorney-General David Parker said today.  Judge Houghton has acted as a lawyer for child for more than 20 years. She has acted on matters relating to the Hague Convention, an international ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government invests further in Central Hawke’s Bay resilience
    The Government has today confirmed $2.5 million to fund a replace and upgrade a stopbank to protect the Waipawa Drinking Water Treatment Plant. “As a result of Cyclone Gabrielle, the original stopbank protecting the Waipawa Drinking Water Treatment Plant was destroyed. The plant was operational within 6 weeks of the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Govt boost for Hawke’s Bay cyclone waste clean-up
    Another $2.1 million to boost capacity to deal with waste left in Cyclone Gabrielle’s wake. Funds for Hastings District Council, Phoenix Contracting and Hog Fuel NZ to increase local waste-processing infrastructure. The Government is beefing up Hawke’s Bay’s Cyclone Gabrielle clean-up capacity with more support dealing with the massive amount ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Taupō Supercars revs up with Government support
    The future of Supercars events in New Zealand has been secured with new Government support. The Government is getting engines started through the Major Events Fund, a special fund to support high profile events in New Zealand that provide long-term economic, social and cultural benefits. “The Repco Supercars Championship is ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • There is no recession in NZ, economy grows nearly 1 percent in June quarter
    The economy has turned a corner with confirmation today New Zealand never was in recession and stronger than expected growth in the June quarter, Finance Minister Grant Robertson said. “The New Zealand economy is doing better than expected,” Grant Robertson said. “It’s continuing to grow, with the latest figures showing ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Highest legal protection for New Zealand’s largest freshwater springs
    The Government has accepted the Environment Court’s recommendation to give special legal protection to New Zealand’s largest freshwater springs, Te Waikoropupū Springs (also known as Pupū Springs), Environment Minister David Parker announced today.   “Te Waikoropupū Springs, near Takaka in Golden Bay, have the second clearest water in New Zealand after ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • More support for victims of migrant exploitation
    Temporary package of funding for accommodation and essential living support for victims of migrant exploitation Exploited migrant workers able to apply for a further Migrant Exploitation Protection Visa (MEPV), giving people more time to find a job Free job search assistance to get people back into work Use of 90-day ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Strong export boost as NZ economy turns corner
    An export boost is supporting New Zealand’s economy to grow, adding to signs that the economy has turned a corner and is on a stronger footing as we rebuild from Cyclone Gabrielle and lock in the benefits of multiple new trade deals, Finance Minister Grant Robertson says. “The economy is ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Funding approved for flood resilience work in Te Karaka
    The Government has approved $15 million to raise about 200 homes at risk of future flooding. More than half of this is expected to be spent in the Tairāwhiti settlement of Te Karaka, lifting about 100 homes there. “Te Karaka was badly hit during Cyclone Gabrielle when the Waipāoa River ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Further business support for cyclone-affected regions
    The Government is helping businesses recover from Cyclone Gabrielle and attract more people back into their regions. “Cyclone Gabrielle has caused considerable damage across North Island regions with impacts continuing to be felt by businesses and communities,” Economic Development Minister Barbara Edmonds said. “Building on our earlier business support, this ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New maintenance facility at Burnham Military Camp underway
    Defence Minister Andrew Little has turned the first sod to start construction of a new Maintenance Support Facility (MSF) at Burnham Military Camp today. “This new state-of-art facility replaces Second World War-era buildings and will enable our Defence Force to better maintain and repair equipment,” Andrew Little said. “This Government ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Foreign Minister to attend United Nations General Assembly
    Foreign Minister Nanaia Mahuta will represent New Zealand at the 78th Session of the United Nations General Assembly (UNGA) in New York this week, before visiting Washington DC for further Pacific focussed meetings. Nanaia Mahuta will be in New York from Wednesday 20 September, and will participate in UNGA leaders ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Midwives’ pay equity offer reached
    Around 1,700 Te Whatu Ora employed midwives and maternity care assistants will soon vote on a proposed pay equity settlement agreed by Te Whatu Ora, the Midwifery Employee Representation and Advisory Service (MERAS) and New Zealand Nurses Association (NZNO), Minister of Health Dr Ayesha Verrall announced today. “Addressing historical pay ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New Zealand provides support to Morocco
    Aotearoa New Zealand will provide humanitarian support to those affected by last week’s earthquake in Morocco, Foreign Minister Nanaia Mahuta announced today. “We are making a contribution of $1 million to the International Federation of Red Cross and Red Crescent Societies (IFRC) to help meet humanitarian needs,” Nanaia Mahuta said. ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Government invests in West Coast’s roading resilience
    The Government is investing over $22 million across 18 projects to improve the resilience of roads in the West Coast that have been affected by recent extreme weather, Prime Minister Chris Hipkins confirmed today.  A dedicated Transport Resilience Fund has been established for early preventative works to protect the state ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Government invests in Greymouth’s future
    The Government has today confirmed a $2 million grant towards the regeneration of Greymouth’s CBD with construction of a new two-level commercial and public facility. “It will include a visitor facility centred around a new library. Additionally, it will include retail outlets on the ground floor, and both outdoor and ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Nanaia Mahuta to attend PIF Foreign Ministers’ Meeting
    Foreign Minister Nanaia Mahuta will attend the Pacific Islands Forum (PIF) Foreign Ministers’ Meeting, in Suva, Fiji alongside New Zealand’s regional counterparts. “Aotearoa New Zealand is deeply committed to working with our pacific whanau to strengthen our cooperation, and share ways to combat the challenges facing the Blue Pacific Continent,” ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • PREFU shows no recession, growing economy, more jobs and wages ahead of inflation
    Economy to grow 2.6 percent on average over forecast period Treasury not forecasting a recession Inflation to return to the 1-3 percent target band next year Wages set to grow 4.8 percent a year over forecast period Unemployment to peak below the long-term average Fiscal Rules met - Net debt ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • New cancer centre opens in Christchurch
    Prime Minister Chris Hipkins and Minister of Health Dr Ayesha Verrall proudly opened the Canterbury Cancer Centre in Christchurch today. The new facility is the first of its kind and was built with $6.5 million of funding from the Government’s Infrastructure Reference Group scheme for shovel-ready projects allocated in 2020. ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Government invests in top of the south’s roading resilience
    $12 million to improve the resilience of roads in the Nelson, Marlborough and Tasman regions Hope Bypass earmarked in draft Government Policy Statement on land transport $127 million invested in the top of the south’s roads since flooding in 2021 and 2022 The Government is investing over $12 million to ...
    BeehiveBy beehive.govt.nz
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  • New Zealanders continue to support the revitalisation of te reo as we celebrate Te Wiki o te Reo Mā...
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