KW: Here in New Zealand we are not immune to morons trying to run the show and ours are just following the mob from overseas. On the false premise that low or zero interest rates are stimulating the economy plus talk of taking interest rates negative Assistant Governor Christian Hawkesby said they are actually are prepared to go out to $100billion in buying defunct assets from the market. No one in their right mind is going to invest in a new enterprise when the world is so unstable but then morons might recognise each other. With the OCR already at an alltime low it is patently clear that these policies already don’t work so why go even harder? They must want to steal all the interest that savers and retirees believed they could use to support their retirement, making a mockery of the addage empowering KiwiSaver that saving for your retirement is a good thing. Blatantly for todays retirees it is not, you will die penniless because you are going to have to consume all your capital in retirement. What zero or negative interest rate do is destroy the long held belief that currency as money is of value, not worthless. There is no price to pay for enterprise. At best it encourages borrowing to pay for speculative investments by entrpreneurs taking risks. The thinking is if there is no price to pay to do this that it will get the economy going again. On the other side because you receive no return on your savings then you are more likely to spend stimulating the economy. That is what the RBNZ is thinking.