I have not read the whole thread yet, but being from and lived in New Zealand my whole life I wanted to say a few things.
New Zealand is pretty good with transparency, and standing up to big brother, such as the Dot Com case where the of the head of the equivalent of the
CIA in New Zealand had to stand down because of illegal spying of Dot Com.
We also recently handed down JAIL sentences to three people running Capital & Merchant finance which lost hundreds of millions of dollars in a dodgy
property investment company. Incidentally since NZ is such a small place, I actually ran their IT/Banking systems before the crash of Capital &
Merchant and nearly invested my own money.
The pictures of Cyprus resonated with me, as it looked a lot like New Zealand in the way more affulent white people were milling around worried, but
not revolting or protesting.
This has made the national news, but very briefly (the Cyprus clip was a few seconds on the news.)
VERY INTERESTINGLY, ASB BANK had a scheduled outage of all their online services for a handful of hours a weekend or two ago to 'upgrade' their
systems. I do recall other banks having similar outage windows, and suspect the systems the finance minister Bill English talked about implementing
for technical freeze which needs to be in place for banks with over 1 Billion in savings by JULY have already been put in place.
I also suspect those which put their money in Kiwibank thinking it would be very safe since it is a State Owned Enterprise and thus safer than a
Australian bank may be the worst hit/easiest frozen.
Further to all this, real estate prices have become stupid expensive, and I've personally been waiting for the property bubble to burst for a few
years, but it just keeps getting more expensive.
House prices of half a million dollars for a normal 3 bedroom house are common, and it's very hard to get something for 250,000 without moving to the
sticks. A house made the paper because it was 60k (from memory) but was on leased land.
Also out of interest we have had one of the longest droughts in memory, and our capital Wellington is down to around 10 days of water before the rain
last week. HARP? Who knows.
Also, for the first time in living memory we had a 4.x Earthquake in Auckland.
I have thrown a few off topic things in here, but I thought they may stirr the pot a little. Feel free to ask if you want to know general local
I have talked to a few people about this, but it's not on many peoples radars.
edit on 20-3-2013 by exportgoldman because: (no reason given)
edit on 20-3-2013 by exportgoldman because: Added property