Merging Australian and NZ Currency?

New Zealand is a dead duck economy drowned by red tape and PC idiot policy- Australia is alive racing ahead because it is practical and clear- so untilizing the same currency would create the same problems as in the Euro where Germany is go ahead and Greece is an idiot on a spending spree and that is the problem with the Euro joint account- So if Aust and NZ tried merging again it would be bludger sucking off the worker. I agree it would never work.

Lucky we kept our dollars and sense- by Bernard Hickey- NZ Herald

We dodged an Anzac bullet. There was a time around five years ago when many of New Zealand's policy grown-ups believed an Australasian currency union was inevitable.
It seemed the logical end to the deepening integration of the New Zealand and Australian economies through closer economic relations (CER). Even the trading Prime Minister, John Key, was musing aloud that it might be a good idea.
No more.
An opinion poll released this week by the Frank Lowy Institute think tank in Australia showed voters on both sides of the Tasman are now against a single currency.
The poll in mid-April of 1000 New Zealanders over 18 found 46 per cent oppose some form of Anzac dollar, up from 42 per cent five years ago and above the 43 per cent who support such a currency. A poll of 1005 Australians over 18 found 54 per cent oppose a joint currency, up from 42 per cent in 2007.
Many economists and central bankers were always lukewarm on the idea, which has always seemed more politically than economically-driven.
In 2007, many pointed to the apparent success of the Eurozone as a reason for such a currency union.
Again, no more.
This weekend's election in Greece is all about the catastrophic failure of a currency union to deal with differences in the structures of economies within that union.
The global financial crisis has exposed the Eurozone's inherent flaws, hidden for years by property bubbles and rampant lending by European bankers determined to leverage their way to glory (and some really big bonuses).
Now the tide has gone out, Europe's bankers and the Eurozone are exposed in all their economic nakedness.
Germany was the prime beneficiary of the Eurozone. The new currency was weaker than the Deutschmark, making German exports more competitive in the eyes of Southern European buyers.
Germany generated big trade surpluses and lent those surpluses to its neighbours to buy yet more German exports.
It's no accident that Greece and Spain are now awash with heavily devalued Porsche Cayennes and BMW X5s while Germany is struggling to get Greeks and Spaniards to repay the debts.
Now the only solution is for Germany to write enormous cheques to keep Southern Europe in the euro or take one almighty hit by forgiving the debt. The first is politically untenable. The second would wipe out Germany's banks.
Many economists now believe the cleanest and most effective option would be for Germany to return to a much stronger Mark.
This is one almighty mess caused by the formation of a single currency without common economic fundamentals or fiscal policies. An Anzac currency would be similarly flawed.

Buddy Mikaere suggestion for fixing NZ's economy

 

Please find below our suggestion for fixing NZ's economy.

Instead of giving billions of dollars to banks that will squander the money on lavish parties and unearned bonuses, use the following plan..

You can call it the Patriotic Retirement Plan:

... There are about 200,000 people over 50 in the work force.

Pay them $1 million each severance for early retirement with the following stipulations:

1) They MUST retire.
200,000 job openings - unemployment fixed

2) They MUST buy a new car.
200,000 cars ordered - Car Industry fixed

3) They MUST either buy a house or pay off their mortgage -
Housing Crisis fixed

4) They MUST send their kids to school/college/university -
Crime rate fixed

5) They MUST buy $100 WORTH of alcohol/tobacco a week .......
and there's your money back in duty/tax etc

Also .

Let's put the pensioners in jail and the criminals in a nursing home.

This way the pensioners would have access to showers, hobbies and walks.
They'd receive unlimited free prescriptions, dental and medical treatment, wheel chairs etc and they'd receive money instead of paying it out.
They would have constant video monitoring, so they could be helped instantly, if they fell, or needed assistance.
Bedding would be washed twice a week, and all clothing would be ironed and returned to them.
A guard would check on them every 20 minutes and bring their meals and snacks to their cell.
They would have family visits in a suite built for that purpose.
They would have access to a library, weight room, spiritual counselling, pool and education.
Simple clothing, shoes, slippers, PJ's and legal aid would be free, on request.
Private, secure rooms for all, with an exercise outdoor yard, with gardens.
Each senior could have a PC a TV radio and daily phone calls.
There would be a board of directors to hear complaints, and the guards would have a code of conduct that would be strictly adhered to.
The criminals would get cold food, be left all alone and unsupervised.
Lights off at 8pm, and showers once a week. Live in a tiny room and pay $600.00 per week and have no hope of ever getting out.

Crown Imperialism have done both good and bad

 For me as pakaha I admire their good but hate their bad. No race of people can hold their head high and claim they are role models. Nor should any race impose their will on others.

But what does happen is a majority of people can and do vote in political leadership and so here in NZ we have the leaders we have based on democracy.

It may hurt some but overall it works to help the majority. Sure they screw up I have written about much of that. But as they say until we have a better system better rules to control those we trust to control our fate we are stuck with what we have.