Y.E. 2024 - Stuff: the Facts: Debt Mathematics for New Zealand
This is crude and inexact, but gives the idea
NZD = New Zealand Dollar
NZ Private Debt (year end 2024): NZD138B
NZ GDP (2024): NZD425B
NZ Govt Expenditure (FY 2023/24): ~NZD180B
As the government doesn’t create any ‘stuff’, it just extracts and creates debt, even if we removed the parasite:
GDP = stuff + Govt Expenditure,
stuff = GDP - Govt Expenditure = 425 - 180 = NZD245B
Private debt : stuff (ratio) = 138 / 245 = 0.56
Note the units: Private debt = $ ; stuff = $/yr
So:
Based on these numbers it would take ~6.76 months of all the NZDs generated from ‘stuff’ activity in 2024 to repay private debt. Not counting the accrued compounding interest, which doesn’t stop.
No food. No fuel. No transport. No entertainment. No clothing. No holidays.
NO NOTHING.
OVER SIX MONTHS.
TO JUST REPAY PRIVATE DEBT.
NOT STATE DEBT MIND YOU.
THIS
IS
NOT POSSIBLE.
DATA SOURCES
1. The so-called 'govt' is in fact a registered commercial entity and as such cannot be a governance organisation.
2. As a commercial entity, any and all debts entered into by the agents, board or owners are the sole liability of the commercial entity and its agents, board and owners.
3. All of these purported 'loans' occur within the banking industry, which pretends to be competing banks when in fact they are all subsidiaries of a single monolithic bank.
4. The bank does not, ever, make any kind of loan of 'money' or other value, rather the process is simply done as fraudulent accounting tricks with credits and debits on various accounts.
5. 'non-payment' of debt has zero actual consequence for the monolithic bank because it never lent anything and so cannot 'lose' anything. This actually applies to every pretend personal loan and mortgage from every fraudulent bank.
6. All attempts by the 'govt' to assign such debts to the people of any country is, naturally, further fraud.
Great approach to remove government expenditure from GDP to get the actual produced figure. Govt expenditure is almost entirely entropy in the system.
I would like to do this year on year to see what the actual GDP trend is.