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Thread ID: 140101	2015-08-18 01:37:00	GST on overseas goods and services	Terry Porritt (14)	PC World Chat

Post ID	Timestamp	Content	User
1406941	2015-08-20 01:17:00	We were one of the richest countries in the world because we could not buy anything! You could not buy a new car unless you had overseas currency. There was no choice in the shops. You could only take a small amount of cash out for overseas travel. OH, and the Uk bought all of our lamb and butter. Not so old chap. We were one of the richest because the Government practised what it preached and we were expected to live within our means, something considered quite outrageous nowadays. You could buy whatever you liked, but if it was imported then you probably needed overseas funds which could be procured from a bank. You paid for what you wanted, not every taxpayer by way of interest. And the UK did buy most of our farm produce, despite the logistics, and a NZ farmer could live quite comfortably off 60 acres, with a walk-through milking shed. :)	B.M. (505)
1406942	2015-08-20 02:13:00	Its true in the early 50's NZ was doing very well compared to other countries..... .......compared to other countries savaged by that wee war 5 years earlier compared to other countries who were near bankrupt, trying to rebuild destroyed cities and industries, trying to pay back massive war debt to the US By the 1970's it was completely different, NZ's economy was acknowledged to be a basket case, one of the worst in the OECD. We were being compared to Turkey . Not quite. NZ struggled with the Great Depression followed by the 2nd WW the same as everyone else and as you say had rebuilt the economy by the 1950’s. But here is the Rub. The last time that NZ was in the black with respect to our Balance of Payments was in 1973 under Bill Rowling. :eek: Muldoon soon fixed that, and as you say turned the economy into a real basket case. :rolleyes: 6706 Unfortunately, the present mob must have trained under Muldoon, because despite the Spin, followed by the excuses, you have more show of seeing a Snow Fight in Hell than of seeing the country returning to operating in credit anytime in the foreseeable future. :D	B.M. (505)
1406943	2015-08-20 04:07:00	I think the main reason NZ did reasonably well in the 1950's was due to the Korean war the UN countries could not get enough of our wool. Funny but no one buys wool nowadays. We cannot keep going back to the past and blaming such and such. The fact is that we are now in 2015. Its a global world and trade is the mainstay of that. Which is why we should buy all we can overseas 100% retail markups free.	Digby (677)
1406944	2015-08-20 11:42:00	So all we have to do is start Manufacturing, Start a war or two, and bank the money. :confused: Sure, America does it all the time...	Agent_24 (57)
1406945	2015-08-20 22:43:00	The fact is that we are now in 2015. Its a global world and trade is the mainstay of that. Which is why we should buy all we can overseas 100% retail markups free. True. It's now to buy online, more so than ever perhaps, as any pending custom/import taxation unlikely to be advantageous for personal shoppers. Global trade, seems to be Chinese/Asian for many consumer goods - cheap, wide choice for consumers. But means sometimes have to treat certain goods as disposable or short life. Throwaway $3 - 10 watches (~ $20 - 60 NZ), USB charger adapters, 19 V laptop chargers, are common examples I believe. I just bought 7 mid priced watches for the price of 1 mid digital Casio in NZ. Watch a day; once battery flat, will be souvenirs.	kahawai chaser (3545)
1406946	2015-08-31 04:04:00	I can see how this makes sense for big companies like Apple and Netflix, but how will it be measured and monitored for the people that occasionally buy small gifts off eBay?	tcam478 (17385)
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