The likelihood of a Shane Jones visit to the Reserve Bank stopping the Aussie-owned banks closing provincial branches is zilch, nada.
It would be easier to get vehicle engines to run on water.
That would at least save us a bundle on climate change costs, and fuel costs, by allowing us to fill up from our rainwater tanks, easing the overloading on stormwater infrastructure. While he’s right that the Aussie banks extract nearly $5 billion profit each year from the pockets of Kiwis and export it overseas, he would be better off talking to his Cabinet colleagues about getting Kiwibank to take over where those banks close up shop.
Even better would be if he convinced the Government to do its own banking with Kiwibank instead of with the Aussies.
But the really big win from Mr Jones’ talk with the Reserve Bank would be if he could convince it to become the source of funds for the Government, as Social Credit suggests.
That would free up the $4.7b in interest paid every year on government borrowing — taxpayer money that could be used for much needed spending on health, education and building infrastructure.
That, Shane, would be something worth making a noise about.
_ Chris Leitch Whangarei