Thanks so much for watching this episode! I've started a Markets with Madison TH-cam channel, please subscribe here to watch episodes from now on: www.youtube.com/@MarketsWithMadison?sub_confirmation=1 See you soon! Madison
This interview would have to be the most open and candid discussion I've ever had with a banking executive. Really appreciated ANZ being up for it. Interested to hear your thoughts! Madison
Maybe I missed it, but she asked him if this 213b is subject to fractional lending allowing them to lend 10 times that amount, sounded like his answer was mortgages are a positive, and TDs are not...
@@nzheraldtv would you talk to Robbie Barwick of the Australian citizens party- they're are fighting the bank closures and exposing the RBAs involvement or lack of, they're trying to follow our kiwi bank system, and recently did a great piece on nz bail in legislation.
@@growtocycle6992 every economic bubble pops bud. Bad time to buy anything expensive. Basically- if you can't afford 3 of something... you can't afford it.
What nonsense...everybody has their own reasons to invest. Tds are fine if they suit your lifestyle. Everyone wants to get the short term gains now. Its crazy....just because another option looks more lucrative does not mean you should take it. People have not learnt the lessons of long term investing. Most are speculators..thats fine if thats your thing. At the end of the day most just want a reasonable return. Not outstanding or stratospheric!
I suppose it shouldn't be too big of a surprise, considering there are 80 people a day retiring. NZ statistics are showing that by 2028, there will be 1 million New Zealanders over the age of 65. That's a lot of people looking to get some income base to add to their pension, in order to be able to do something in their twilight years. And a women needs to spread the 'kitty' to at least the expected 88 years of longevity, and a man's target age is a bit less. Look after the 'grey power' and they should be able to help fund the younger ones with funds for mortgages and business to keep the economy turning over. Good investment should give a good income and that 'profit' will be spent on entertainment and travel tours, mainly within NZ. Some will of course travel on those big cruise ships and that will not be as good for the internal economy. Swings and round-a-bouts as in most things in life.
Not everyone, just the ones that will go down first, our whole society is pay to play. The more money you have- the longer you get to stay at the table, and that's the current state of equality in the west.
Michael I was worried about this too so I asked the Reserve Bank for permission before we uploaded! Their currency team never got back to me... But they did laugh about it initially! Madison
The act is Section 154: a person must not deliberately deface, disfigure or mutilate any banknote without the permission of the Reserve Bank of New Zealand. My interpretation is it must be the physical note, a digital copy would be no different to taking a photo and writing on that photo. The following is more interesting 30. Reproduction or imitation of currency No person shall, without the prior consent of the Bank, make, design, engrave, print, or reproduce; or use, issue, or publish any article or thing resembling a bank note or coin or so nearly resembling or having such a likeness to a bank note or coin as to be likely to be confused with or mistaken for it Every person who contravenes subsection (1) of this section commits an offence against this Act Where a person is convicted of an offence against subsection (2) of this section, the Court may order the article or thing: any copy of it: any plates, blocks, dies and other instruments used or capable of being used for printing or reproducing it in the possession of that person to be destroyed. (c.f. 1964, No 134, s 24(2); 1973, No 16, s 6)
@@dave24-73 My logical thought, after reading your researched Section 154, is that I have to entirely agree with you. It always refers to a physical structure for making a note or coin and the physical end product. So as long as the note stays as a digital picture, it seems to be legal, but as soon as that was printed, in any size of paper/card or 3D printed, so that it becomes a physical representation of the digital image, then the produced article would come under the act. But what would I know, i'm a couch potato. 🥔 Most of the money I see, is an overdraft number on a screen, that is supposed to represent my account with the bank. Where is that money in reality???? As bits on a solid state disk or magnetic field on a platter in a bank vault? I dread that there is a solar flare of the worst polarity in our lifetime.
Wow money heads to fixed income investments rather than equities or other assets classes in a high interest rate environment. Unsure why this is surprising.
asb used to give kids bank books when they started school and school banking was encouraged to develop good savings habits from a very early age. financial literacy is empowering rather than living hand to mouth and in constant costly debt.
Put 50 percent of everything you own into XRP swyftx crypto account and the other 50 percent into XLM wait for the top of the bullrun to finish cash out pay tax then live happily ever after
Meaning they've had very little sales? I've been meaning to get a tramping bag for ages, prices haven't moved in over a year, so from the outside looks like they're doing ok.
![[LIVE] : ONE ลุมพินี 91 | คู่เอก "คมอาวุธ vs อเล็กเซย์"](http://i.ytimg.com/vi/V0RkEfYFsgM/mqdefault.jpg)
Thanks so much for watching this episode! I've started a Markets with Madison TH-cam channel, please subscribe here to watch episodes from now on:
www.youtube.com/@MarketsWithMadison?sub_confirmation=1
See you soon! Madison
This interview would have to be the most open and candid discussion I've ever had with a banking executive. Really appreciated ANZ being up for it. Interested to hear your thoughts! Madison
Banks love term deposits that are used for fractional banking which is very profitable for the bank.
Maybe I missed it, but she asked him if this 213b is subject to fractional lending allowing them to lend 10 times that amount, sounded like his answer was mortgages are a positive, and TDs are not...
Precisely what he said. Interesting huh. Thanks for watching. Madison
@@nzheraldtv would you talk to Robbie Barwick of the Australian citizens party- they're are fighting the bank closures and exposing the RBAs involvement or lack of, they're trying to follow our kiwi bank system, and recently did a great piece on nz bail in legislation.
the herald only do soft ball interviews @@myresponsesarelimited7895
No wonder he was trying to convince people to invest in assets not in TDs.. 🧐
@@growtocycle6992 every economic bubble pops bud.
Bad time to buy anything expensive. Basically- if you can't afford 3 of something... you can't afford it.
LOL they are crying to manage your funds. Use high interest rates while you can, then invest more in other things when they make sense.
Great interviewing over broad financial interests relevant to kiwi 🎉
What nonsense...everybody has their own reasons to invest. Tds are fine if they suit your lifestyle. Everyone wants to get the short term gains now. Its crazy....just because
another option looks more lucrative does not mean you should take it. People have not learnt the lessons of long term investing. Most are speculators..thats fine if thats your thing.
At the end of the day most just want a reasonable return. Not outstanding or stratospheric!
I suppose it shouldn't be too big of a surprise, considering there are 80 people a day retiring. NZ statistics are showing that by 2028, there will be 1 million New Zealanders over the age of 65. That's a lot of people looking to get some income base to add to their pension, in order to be able to do something in their twilight years. And a women needs to spread the 'kitty' to at least the expected 88 years of longevity, and a man's target age is a bit less.
Look after the 'grey power' and they should be able to help fund the younger ones with funds for mortgages and business to keep the economy turning over.
Good investment should give a good income and that 'profit' will be spent on entertainment and travel tours, mainly within NZ. Some will of course travel on those big cruise ships and that will not be as good for the internal economy. Swings and round-a-bouts as in most things in life.
I thought everyone was broke and starving! 213bln is quite a sizable amount in term deposit..
You didn’t watch the video did you?
Illogical. Both can be true. Not "everyone is broke". That's kind of a given in a society with wealth inequality.
Not everyone, just the ones that will go down first, our whole society is pay to play. The more money you have- the longer you get to stay at the table, and that's the current state of equality in the west.
btc fixes this
@@ChoedanKal how? ...and who's bitcoin?... 🤔
Is it legal to digitally deface the $20 note?
Michael I was worried about this too so I asked the Reserve Bank for permission before we uploaded! Their currency team never got back to me... But they did laugh about it initially! Madison
The act is
Section 154: a person must not deliberately deface, disfigure or mutilate any banknote without the permission of the Reserve Bank of New Zealand.
My interpretation is it must be the physical note, a digital copy would be no different to taking a photo and writing on that photo.
The following is more interesting
30. Reproduction or imitation of currency
No person shall, without the prior consent of the Bank,
make, design, engrave, print, or reproduce; or
use, issue, or publish
any article or thing resembling a bank note or coin or so nearly resembling or having such a likeness to a bank note or coin as to be likely to be confused with or mistaken for it
Every person who contravenes subsection (1) of this section commits an offence against this Act
Where a person is convicted of an offence against subsection (2) of this section, the Court may order
the article or thing:
any copy of it:
any plates, blocks, dies and other instruments used or capable of being used for printing or reproducing it
in the possession of that person to be destroyed.
(c.f. 1964, No 134, s 24(2); 1973, No 16, s 6)
@@dave24-73 My logical thought, after reading your researched Section 154, is that I have to entirely agree with you.
It always refers to a physical structure for making a note or coin and the physical end product. So as long as the note stays as a digital picture, it seems to be legal, but as soon as that was printed, in any size of paper/card or 3D printed, so that it becomes a physical representation of the digital image, then the produced article would come under the act. But what would I know, i'm a couch potato. 🥔
Most of the money I see, is an overdraft number on a screen, that is supposed to represent my account with the bank. Where is that money in reality???? As bits on a solid state disk or magnetic field on a platter in a bank vault? I dread that there is a solar flare of the worst polarity in our lifetime.
Another great clip, thanks.
P/e over valued on stock markets. Bitcoin
made 100% last year. Term deposits have made sense for the cautious. But the money is largely unsecured
Just wondering if you have ever looked into the 18year housing cycle ? cheers love ya work 👍
How much do banks pass on people?
Majority of it typical bank margins between 100 to 150bps.
Wow money heads to fixed income investments rather than equities or other assets classes in a high interest rate environment. Unsure why this is surprising.
Good interview , should be taught in high schools for students in last year of school to set them up
wht on earth culd any1 derive frm ths interview ?.....banks pay money to savers? think kids at school might already knw this
asb used to give kids bank books when they started school and school banking was encouraged to develop good savings habits from a very early age. financial literacy is empowering rather than living hand to mouth and in constant costly debt.
Put 50 percent of everything you own into XRP swyftx crypto account and the other 50 percent into XLM wait for the top of the bullrun to finish cash out pay tax then live happily ever after
On behalf of the outdoor industry..... Yup the economy has fallen out of the sky 😭
Meaning they've had very little sales? I've been meaning to get a tramping bag for ages, prices haven't moved in over a year, so from the outside looks like they're doing ok.
Prices maybe haven't dropped because that is what they cost. Sales have been awful.
Daaamn. Well, I hope they can hold out till things improve. @@andyfuller2817
Economic investigator Frank G Melbourne Australia is following this very informative content cheers Frank 😊
Do the opposite to what this guy says
Btc fixes this