Why would the US President want to hang out with a colonial from a remote South Pacific archipelago?
In the last few years President Obama and New Zealand Prime
Minister, John Key, appear to have developed a bond.
Evidence of this bond included an opportunity In October
2013 when PM Key had the privilege to chair the APEC Summit upon President
Obama’s request due to The President’s absence.
In the past week the pair met on par at a military golf
course in Hawaii. PM Key and Key Jr. (Max) were invited whilst on vacation at the
$5.5m property the Key’s own on the Island of Maui. President Obama was also on
vacation in Hawaii and extended the invitation after an agreement made at a
previous gathering between the two leaders to get together for a round of golf.
Speculation will always abound, therefore, is this acquaintance
based on a personal or political agenda or both?
This could have been purely for friendship, timeout for some
recreation with a fellow leader. We all need it.
If there are other means, what does the US gain from such a
relationship with little NZ?
NZ Has up until recently had a cool relationship with the US,
this is due to NZ’s 1987 anti-nuclear stance bought about by the then PM, the
late Honourable David Lange by introducing a nuclear free policy .
Since Key and Obama have taken their office, spring has sprung
in the bilateral relations between the two nations and a thawing has taken
place.
Lately free trade talks have taken place with the Trans Pacific
Partnership (TPP) involving 12 nations including the US and NZ.
NZ’s growth has been ahead of the rest of the world in 2013,
according to the National Inflation Association (NIA):
New Zealand's GDP grew by 1.4% in 3Q 2013 vs. 2Q
2013, beating economist expectations of 1.1%, and nearly 5X higher
than quarterly GDP growth in the previous quarter of only 0.3%. This was NZ's highest quarterly GDP growth in 4 years!
On a
year-over-year (yoy) basis, NZ's 3Q 2013 GDP was up 3.5%, well surpassing its yoy GDP growth in 2Q 2013 of 2.3%. This was NZ's strongest annual GDP growth in 6 years! NZ's 4Q 2013 yoy GDP growth is now forecast to
rise to 3.71% vs. 2% in the U.S., 1.8% in the U.K., 1.6% in Canada, and -0.5% in the
Euro Zone.
NZ's 2014 budget
deficit is projected to fall to only -1.4% of GDP vs. -5.8% in the U.S., -5.9% in the U.K, -2.2% in
Canada, and -2.5% in the Euro Zone. NZ is projected to reach a budget surplus in 2015! The only other major developed economies projected to have a budget
surplus in 2015 are Germany and Norway!
NZ has very low
debt levels compared to other major developed economies. NZ is projected to end calendar year 2013 with a
debt/GDP ratio of only 33.89% vs. 103.75% in the U.S., 94.3% in the U.K., 84.57% in Canada, and 95.13%
in the Euro Zone. NZ's
unemployment rate just fell to 6.2% vs. 7% in the U.S., 7.4% in the U.K., 6.9% in Canada, and 12.1% in the
Euro Zone.
NZ will be the BIGGEST BOOM economy of 2014, especially
since it has been invited to participate in next year's G20 meetings
for the first time ever. NZ in 2014 will become widely recognized as the world's
leading agricultural economy.
With such growth, the US may envy and may need some guidance
for their economy. Yeah Right!!!
There is perhaps another aspect to this growing relationship
between these two individuals.
The US is in crisis, their dollar is plummeting,
unemployment is rife, the debt of the US is out of control and another debt
ceiling limit looms in this coming February/March.
Perhaps both on a personal and political level John Key may
be the key that Obama is looking for to unlock a way out of America’s woes!!
This is where PM John Key may be
able to offer President Obama some advice. You see!! PM John Key is only the PM
because of a childhood dream. As a parliamentarian in NZ one could ill afford
such luxuries as a $5.5m vacation home in Hawaii. Here’s a bit of background
that was his life before that of a Prime Minister according to Wikipedia.Key's first job was in 1982, as an auditor at McCulloch Menzies, and he then moved to be a project manager at Christchurch-based clothing manufacturer Lane Walker Rudkin for two years. Key began working as a foreign exchange dealer at Elders Finance in Wellington, and rose to the position of head foreign exchange trader two years later, then moved to Auckland-based Bankers Trust in 1988
In 1995, he joined Merrill Lynch as head of Asian foreign exchange in Singapore. That same year he was promoted to Merrill's global head of foreign exchange, based in London, where he may have earned around US$2.25 million a year including bonuses, which is about NZ$5 million at 2001 exchange rates. Some co-workers called him "the smiling assassin" for maintaining his usual cheerfulness while sacking dozens (some say hundreds) of staff after heavy losses from the 1998. Russian Financial Crisis. He was a member of the Foreign Exchange Committee of the New York Federal Reserve Bank from 1999 to 2001.
John Key’s wealth is estimated to be $50m.
PM Key may well be advising President Obama on an imminent global currency reset which has been forecast to take place. Currency Wars author James Rickards is one whom has made such a forecast back in July 2013 he stated:
‘Now we are all at sea. Nobody knows which currency to follow,’ he said. ‘Some economists argue that we should have multiple reserve currencies but that is just too unstable’.
His forecast is that the IMF will issue a new reserve currency know as a Special Depository Receipt which it has actually previously done in crisis situations in 1972, 1983 and 2009.
‘The US dollar could collapse much faster than you might think. A complete collapse of confidence in the dollar is much closer than ever. But nobody knows exactly what the crucial threshold will be.’
So there you have it!! Perhaps a game of golf is a smoke screen to an alliance in strategizing for what may be upon us. So how does one prepare for a reset? Here’s Jim Rickards again with a clue:
In order to reset the monetary system this time Mr. Rickards argues that the gold reserves of the global central banks will be absolutely essential with 20-40 per cent gold backing sufficient.
Gold has had a beating throughout 2013, a slight reprieve from its’ bull-run from 2003 up to Sept 2011. This run may well continue at an even greater rate of knots.
If you haven't done so already, purchase some precious metals NOW!!!
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