Peters Winston: Reserve Bank of New Zealand (Amending Primary Function of Bank) Amendment Bill (No 2) — First ReadingText is subject to correctionPeters Winston: Reserve Bank of New Zealand (Amending Primary Function of Bank) Amendment Bill (No 2) — First Reading[Sitting date: 13 November 2013. Volume:694;Page:73. Text is subject to correction.]Rt Hon WINSTON PETERS (Leader—NZ First): I have got 5 minutes—this is 5 minutes is it not?Barbara Stewart: Yes.Rt Hon WINSTON PETERS: I will just take a brief time in my 5 minutes to point out that the National Party was so bereft of an argument that it put up a whole lot of lightweights and one heavyweight. First of all National put up the man from Epsom a man called Goldsmith whose most famous act in politics—David Bennett: I raise a point of order Mr Speaker. The member should use the member’s full name. I know that member has been here 5 minutes but—The ASSISTANT SPEAKER (H V Ross Robertson): Order! [Interruption] Order! I know it is Wednesday night I know it is members’ night and I also know that we have a debate on the floor. I would ask members to show some courtesy to members speaking. Remember courtesy is contagious.Rt Hon WINSTON PETERS: National put up Paul Goldsmith and right then we realised that the National Party had no defence to one of the soundest bills ever presented in this House in the last 20 years. The next person National put up although they did not speak strictly in this order was someone who used to specialise in weeds and how to grow flowers in wintertime on Radio New Zealand and Television New Zealand—Le’aufa’amulia Asenati Lole-Taylor: And pot mixes.Rt Hon WINSTON PETERS: —and pot mixes—and what not to do most of the time when the sun is not shining.Maggie Barry: I raise a point of order Mr Speaker. I take offence at what was said about me.The ASSISTANT SPEAKER (H V Ross Robertson): Sorry I did not hear what was said about you Ms Barry.Maggie Barry: Well I did and I found it offensive and I was hurt by it.The ASSISTANT SPEAKER (H V Ross Robertson): Well can I just remind members that—[Interruption] Order!Rt Hon WINSTON PETERS: Speaking to the point of order I find it very hard to believe that someone could be hurt by someone rising in the House and saying that when they were doing this job which was befitting their talents they did a brilliant job doing it. I cannot see how you could possibly be offended by that.Tim Macindoe: I raise a point of order Mr Speaker. The right honourable member is now trifling with the Chair. When a member takes offence at a comment irrespective of what that particular speaker might think that member has a right to lodge heroffence and the usual thing is for it to be responded to appropriately by the speaker not to be dismissed in that way by the person whose call was interrupted.The ASSISTANT SPEAKER (H V Ross Robertson): Can I just ask members to relax and when you are relaxed relax even more all right? The reality is that contributions in the House will be made with respect for the traditions of the House as enshrined in the Standing Orders. I ask members and I crave your understanding for that. An offence has been taken. I ask the member to withdraw.Rt Hon WINSTON PETERS: I withdraw. We are very very sensitive tonight clearly.Maggie Barry got up and told us everything she did not know about economics. It was a through-the-looking-glass speech—everything she said was a mirror image of how she behaves. Everything she talked about was a mirror image of what she believes.But the plain blunt fact is that the only one who was making any sense but only in a vicarious unusual way was Mr Hayes. The member for Wairarapa got up and he spoke with the least amount of conviction I have ever seen him speak because he knows that internationally speaking what he said was ridiculous and that is why he focused on the year 2000 and the year 1984.But here is the fact: the last one who came up from Hamilton of course—his speech was so devastating that he collapsed before his argument did. He personally collapsed into his chair before his argument did. He had an epiphany and thought he could rise again for the closing 45 seconds.I have got to tell the National Party this one thing: if those members think that in 2014 as the people go to an early election—for there will be one—they are not going to feel sorry about tonight’s debate they are so wrong. There has been a huge sea change in New Zealand and it has affected a lot of conversations and a lot of meetings around this country. One of the principal things that I am picking up and I do travel this country extensively to places where those members would never go and what most of the people in the business world are saying—David Bennett: Like the races yesterday.Rt Hon WINSTON PETERS: Yeah I know—the Rivertons the Kūmaras and a whole lot of country towns like Dargaville which those members have never seen or heard about. But the people are saying about the National Party: “These guys don’t do anything.” That is their principal complaint. “The National Party promised a brighter future. For whom?” they are asking.National will not do anything and when a thing like a grossly overvalued currency which the IMF says is overvalued by 20-plus percent—it is not a little bit overvalued as Mr Goldsmith said. When the IMF says it is overvalued by 20 percent and when somebody comes down as the head of the Reserve Bank and like some Haitian witch doctor pores it over in his mind and does not know what to do next—“Oh maybe I’ll put the loan-to-value ratios in Kaitāia and Invercargill and that’ll stop house price inflation in Auckland.”—and when you see people of great training desperate to be let out of the constrictions that the National Government has got them in you know it is time to change the law.Make no bones about it. I have seen in the past parties sitting there like that cocky as anything but this is its fifth year in office and now there is creeping doubt. I will give those members some advice: do not believe what the cabal in Cabinet are telling you because those members do not care.Maggie Barry: Not from us there’s not—we’re doing fine. Worry about your own tribe.Rt Hon WINSTON PETERS: They will not care about that member’s destiny they will not care about the backbenchers’ destiny; they will be concerned only about their own destiny. And when that happens it will all be sadly—Maggie Barry: Much like yourself.Rt Hon WINSTON PETERS: Maggie Barry it will all be sadly too late even for you on the North Shore. Look at the parade of people who have been through that seat lately. What will save her?The Reserve Bank of New Zealand (Amending Primary Function of Bank) Amendment Bill (No 2) is a very sound bill. I thank the Labour Party and the Green Party for backing it because one day this bill and its intention—it might be modified as Mr Parker says—to have a realistic authentic export-sympathetic dollar for an export-dependent nation will become a reality.A party vote was called for on the question that the Reserve Bank of New Zealand (Amending Primary Function of Bank) Amendment Bill (No 2) be now read a first time.