Peters Winston: Financial Review Debate — In Committee 
Peters Winston: Financial Review Debate — In Committee 
[Advance Copy - Subject to minor change before inclusion in Bound Volume.] 
Rt Hon WINSTON PETERS (Leader—NZ First) 
: 
 If you look at the recent report from the IMF it says that a continuation of the dollar at the current levels means New Zealand’s already high debt will continue to accumulate at an unsustainable rate. It also says the kiwi could be overvalued by as much as 20 percent. Very shortly this Government will bring into the House another shonky document of the type we saw last year in May you will recall where it was going to create 170000 new jobs in 4 years. 
Hon Member 
: In Australia. 
Rt Hon WINSTON PETERS 
: He did not say it was going to be in Australia; he said it was in New Zealand. Mind you that was the pre-election Budget of last year and there was an election coming. Here comes the gloom post-election for the Budget in 2012. We are a trading nation. We live or die by our exports and right there is the IMF telling the Minister of Finance that he does not know what he is doing with an export-led economy or a country that is dependent upon exports. The Government runs economic policies that hammer our exporters encourage the importers and hand the last of our thriving enterprises over to foreigners. This is supposed to be a Government for the people of New Zealand. Instead it is a Government for foreign interests for currency traders and for overseas-owned banks. And the National Party—I cannot say it has not got courage or that it is scared—does not have to use that classic old phrase the fortitude to do what is right by its own country and the mass majority of its own supporters. Despite the fact that National claims to be a mass-membership party it is concerned about the few and the very few or as the famous American President Roosevelt once said: “These overmighty subjects.”  
For 20-plus years we have had this economy being run for those sorts of people and the signs of what is to come are already in the Prime Minister’s predilection of saying that this will be a zero increase Budget. It has reached the stage where even tonight we have perhaps the greatest industry we have ever had and Fonterra being opened up for a raid by outsiders some insiders and some people awfully close to the National Party. It is not because they believe in its ideas or its philosophy but because it is the conduit or the elevator for them to massively increase their private wealth whilst they dupe the National Party into thinking this is good for the country.  
That is what the last debate was about on the dairy industry. It is supposed to be a farmers’ Government but it is really a Government of Wall Street traders and dairy interests even though it is controlled by the communist State of China. But that is no surprise of course because former National Party apparatchiks and operatives and even Prime Ministers now work for those companies that are controlled by the communist Government of China. How low can you go? That is what this debate should be about tonight and we are going to make sure that New Zealanders become more and more aware of how it is they thought they could trust a Prime Minister—and a Minister of Finance who was opposed by him of course—because of all things he came from Wall Street. Does anybody not understand what has happened on Wall Street in the last 28 years? They ripped apart the ownership and confidence of business after business in their country and elsewhere. Banks for example no longer lent money; they lent a mortgage then had that mortgage flogged off so that the payment of that mortgage was the last thing the banks were concerned about with all these financial instruments. This is what this Government intends to do again in New Zealand in this Budget coming up in 2012.  
Thousands of jobs have been lost since the Minister of Finance boasted that 170000 new jobs were being created over the next 4 years. Thousands—record levels—are heading across the Tasman. The “Minister of Employment” for New Zealand now is a man called Swan who is the Minister of Finance in Australia. If you ask people who have gone to Australia they invariably say that the Government there looks after people. This Government cares nothing for people. It is only for the few and the very few—and the rich in particular. The Government pretends to care but it is all form and no substance. The Minister of Finance does things for example like fobbing off the Maori Party.