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Mark.Kennard's avatar

Yes my mortgage is up for renewal in NZ. And the interest rate is triple what it was. The Anz have announced a drop in their interest rates though. In opposition to the reserve banks regular increases. I don’t know why but I’ll be grabbing one of those lower rates. Maybe they just did it to attract a bigger market share of new mortgage business

I’d say these interest rate rises will stay high until all the money the govt printed for covid is paid back

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Ely's avatar

They cause the problem and try to rectify what they caused by creating a new one, None of them pay a price and we keep electing fiscally irresponsible politicians.

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Mark.Kennard's avatar

Unfortunately democracy means any idiot can become a politician. What we need is some kind of minimum iq requirement. Like above 95th percentile as a minimum. I find highly intelligent people are much less likely to deceive and lie as to them it’s illogical

Obviously some are sociopaths but we need to start electing people based on morality and IQ because society is a reflection of those in power. I think that’s why Russia has done so well under Putin. Because he’s highly intelligent. That gives him better foresight

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J Debra Grube's avatar

It appears they are working on crashing all the economies around the globe. We are on a fast downward spiral- GOD we need you now!

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Ely's avatar

It’s all part of the G.O.D. (Grand Organized Design).

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