What about the patriotically named and state owned but private bank shell companies, the New Zealand Treasury and the Reserve Bank of New Zealand?
I respectfully suggest they are both a den of vipers doing the opposite for our society in the backroom than what they say in public, or to parliament select Committees.
At the recent Treasury annual review before the Finance and Expenditure Committee the newly appointed CEO Iain Rennie literally said the Treasury is 'the one stop policy shop' for Parliament no matter which party, especially when advice is needed in a hurry in a crisis.
I forgot the most influential of all, the New Zealand Debt Management Office within the Treasury, directly across the street from the Reserve Bank on The Terrace. All three are literally over the intersection from the Beehive.
The NZDMO is the biggest fish in the New Zealand financial system pond.
It is the portal through which the debt of foreign privately owned investment banks that can afford the Primary Bond Dealer licenses, which give them the extraordinary powers of creating new money for making loans that increase the money supply, rather than intermediating loans of already existing money (A verifiable fact), that is used to fund the accounts that institutions have with the Reserve Bank, corporate debt bonds and others directly such as Rabobank.
The present CEO of the NZDM is a former JP Morgan executive, when JP Morgan is one of the Primary Bond Dealers that can create money out of freshair and loan it to us.
She is also on the boards of a wider group of financial system overseers that are not widely talked about, that are becoming more and more dominated by foreign bank executives.
Is this not a glaring conflict of interest, or just a matter of our foreign financial masters insisting on having one of their own controlling their vassal states?
Kim Martin
Head of NZ Debt Management
The Treasury
Kim has overall responsibility for the activities of New Zealand Debt Management on behalf of the sovereign, including strategy, operations and leadership. While overseeing NZDM, Kim maintains active engagement with its diverse global investor base.
Her career in finance spans more than 20 years, with roles both in New Zealand and in the United Kingdom. Prior to joining the Treasury, she was the senior market strategist at Bank of New Zealand, specialising in interest rates and foreign exchange. Previously, she spent close to a decade in London, primarily working for JPMorgan investment bank, where she held the role of global equity strategist. She has been an INFINZ mentor since 2016 and was an INFINZ Board member from 2018-2021.
Kim holds a Master’s degree from the London School of Economics.
Great stuff.
Keep it up - we need it
Aren't all those groups available to the naked eye?
https://www.cofr.govt.nz/
How dos your Register deal with individual territorial and iwi authorities?
https://www.nzuscouncil.org/
https://www.facebook.com/nzuscouncil/
Hi Bryce,
What about the patriotically named and state owned but private bank shell companies, the New Zealand Treasury and the Reserve Bank of New Zealand?
I respectfully suggest they are both a den of vipers doing the opposite for our society in the backroom than what they say in public, or to parliament select Committees.
At the recent Treasury annual review before the Finance and Expenditure Committee the newly appointed CEO Iain Rennie literally said the Treasury is 'the one stop policy shop' for Parliament no matter which party, especially when advice is needed in a hurry in a crisis.
Bryce,
I forgot the most influential of all, the New Zealand Debt Management Office within the Treasury, directly across the street from the Reserve Bank on The Terrace. All three are literally over the intersection from the Beehive.
The NZDMO is the biggest fish in the New Zealand financial system pond.
It is the portal through which the debt of foreign privately owned investment banks that can afford the Primary Bond Dealer licenses, which give them the extraordinary powers of creating new money for making loans that increase the money supply, rather than intermediating loans of already existing money (A verifiable fact), that is used to fund the accounts that institutions have with the Reserve Bank, corporate debt bonds and others directly such as Rabobank.
The present CEO of the NZDM is a former JP Morgan executive, when JP Morgan is one of the Primary Bond Dealers that can create money out of freshair and loan it to us.
She is also on the boards of a wider group of financial system overseers that are not widely talked about, that are becoming more and more dominated by foreign bank executives.
Is this not a glaring conflict of interest, or just a matter of our foreign financial masters insisting on having one of their own controlling their vassal states?
Kim Martin
Head of NZ Debt Management
The Treasury
Kim has overall responsibility for the activities of New Zealand Debt Management on behalf of the sovereign, including strategy, operations and leadership. While overseeing NZDM, Kim maintains active engagement with its diverse global investor base.
Her career in finance spans more than 20 years, with roles both in New Zealand and in the United Kingdom. Prior to joining the Treasury, she was the senior market strategist at Bank of New Zealand, specialising in interest rates and foreign exchange. Previously, she spent close to a decade in London, primarily working for JPMorgan investment bank, where she held the role of global equity strategist. She has been an INFINZ mentor since 2016 and was an INFINZ Board member from 2018-2021.
Kim holds a Master’s degree from the London School of Economics.
Bryce,
As far as I am aware, the NZDM does not appear before Parliament for annual reviews, and the last Auditor General's Report was done in 2007.
One to add is Minerals West Coast.
https://mineralswestcoast.org.nz/
Manager, Patrick Phelps was funded to the maximum by mining company Bathurst Resources for his electoral campaign last year.
https://newsroom.co.nz/2024/02/23/big-coal-company-bought-west-coast-election-campaign/