December 16, 2024 • 11 mins
THE BEST BITS IN A SILLIER PACKAGE (from Tuesday's Mike Hosking Breakfast) A Few Less Meetings Maybe?/Jessica Plans a Trip/Justified Broken Promises/Stirring the Drone Pot/The "Bit" In Bitcoin
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Speaker 1 (00:09):
You're listening to a podcast from News Talk SAIDB. Follow
this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:25):
Rewrap Dan, Welcome to the Rewrap for Tuesday. All the best,
but it's from the Mike Hosking breakfast on News Talks
ed B and a Sillia package. I am Glen Hart
and today the police off to China. I don't know
what this is about, but it sounds like heither does,
so I sh'll talk about that shortly. It's hi Fu
Day today, is it? I also don't know what that's about,
(00:48):
So this is going to be a real learning journey
for me this podcast today. Everybody wants to know what
the new Jersey drones are about, but the people who
do know aren't telling. And we're going to finish up
with some bitcoin advice which you should definitely ignore. But
before any of that, counsels. Are we sorting out of
(01:09):
the councils or what's going? Are they just taking the
next look?
Speaker 3 (01:11):
Even people who think that councils do a fantastic job
generally must by now understand why the government is going
to have to pass laws to get them to actually
focus on doing their jobs. I mean it has been
clear now for I would say at least four months,
if not longer, to councils that the Government wants them
to drop the distractions and just get on with their
work and get Councils just apparently can't help themselves, can they.
I mean last week, as recently as last week we
(01:33):
had totaling a city council voting to install unelected Marty
representatives on the council. That's not going to improve ratepayers'
lives one jot, but it's just going to cost them
more money, isn't it. Hasting's District Council did the same
thing three months ago with the youth councilors. Again, no
extra benefit to a rate payer, just extra cost to
a rate payer. Wellington City Council is today going to
debate whether they should submit their feels to the Government
(01:57):
on the Treaty Principal's Bill, which has nothing to do
with them, not their job at all. A bunch of
other councils have done this as well. This stuff is
still going on despite months now of the Government saying
can you please just get back to doing your job?
Up and down the country, these guys show no sign
that they understand thus supposed to be cutting unnecessary spending
and focusing their minds on actually just running the council.
(02:18):
So it's come to this, right, So the government announced
yesterday it's going to pass legislation to force them to
do their jobs. And there's two parts to this. The
first is that the full Wellbeing pillars that task counsels
with looking after economic wellbeing and social wellbeing and cultural
wellbeing and environmental well being, they're all going to be scrapped.
That was a bad idea from the last Labor government anyway.
It was so broad that it was meaningless and so
(02:41):
therefore it gave counsels an excuse to basically expand their
meddling into pretty much anything, because pretty much anything is
a well being. And then the second thing is counsels
will be forced to report clearly and simply and publicly
what they're spending their money on and what they're charging
their rate payers, and hopefully as a result of this
getting out the big stick, hopefully it will mean that
(03:01):
the excuses are cut, the distractions are dropped, and these
guys focus their minds on doing more work for less
cost to rate payers as well, because hoping they get
them me and do it voluntarily. Clearly hasn't worked.
Speaker 2 (03:10):
My idea, if I was on the council would be
to have lefts and meetings because my experience, nothing productive
ever came out of any meeting I've ever attended. And
that's all councils seem to do is have meetings about things.
And I wonder if the least meetings they have, the
more productive the councilors will be and the less money
(03:32):
they'll cost. Who knows?
Speaker 1 (03:34):
We rap? Right?
Speaker 2 (03:35):
So we've got a police trip to China? Is that right?
So what's going on now?
Speaker 3 (03:39):
Look, this business of our police going on a trip
to China is actually not a big deal. But the
way that the cops are being weird about it is
making this a big deal, isn't it. No one believes
the police story, surely, I mean, the police story is
nothing to see here, was just a holiday, had nothing
to do with the police itself, even though thirty three
police officers just happened to all go to the same
place at exactly the same time, organized by Jessica at work,
(04:02):
and not organized by Jessica work during work hours. She
was just doing it on her weekends. And even though
someone on that trip, emailed the boss afterwards and said, yeah,
the trip was really productive, had nothing to do with work.
No one's going to buy that story. That doesn't pass
the sniff test, does it. I mean? Yeah, like maybe
they all took annual leave and paid for it themselves
and and Jessica organized it during her weekends. But to
(04:23):
pretend that it had absolutely nothing to do with being
a police officer is obviously stretching credibility. And I think
that that's what's keeping people interested in it, because it
feels like the cops have got something to hide here.
They shouldn't have anything to hide here. This is very
normal stuff. Big powers like China do this kind of
stuff all the time. They try to use soft power
to influence influences. I mean, the States does it right
(04:43):
that every year the States choose a somebody from New Zealand,
often from the media, flies them out to the US,
and if I remember correctly, it's all expenses paid, and
then they join other people from around the world who
also been selected, and they go on a tour of
all these places around the country, Washington, New York, San
fran Florida, whatever. And the whole point of the thing
is just to create an affinity like a soft spot
(05:07):
for America. Years ago thereabouts. I went on that trip,
and as long as you see it for what it is,
it's not a problem. It's just soft power trying to
influence you. It's the same with China. China's not our enemy.
We have a complicated relationship with China, yes, but frankly
the relationship with the US can also at times be
a little complicated. On the face of it, there is
nothing to see here other than a bunch of police
(05:27):
going on a cultural trip to China, clearly organized through
the police in some way, and clearly with the blessing
of the police bosses. There is nothing weird about this,
but by pretending they have absolutely nothing to do with it,
despite all the evidence to the contrary, the cops are
at the moment making this feel really weird.
Speaker 2 (05:45):
Yeah, it's a good if it was Sweden, nor h
here's another cool place. If it was Ethily would we care.
But man, you say China these days and before you
know it, Prince Andrew doesn't get to go to the
Christmas party. Rewrap right now, So crack on into this
(06:10):
hifu or high fu or hifu. However, you say it,
however you read it, the numbers are going to look grown.
Apparently the high EFFU.
Speaker 3 (06:18):
Now it works as simply as this. Right where we
open the books today, we see how stuff the government's
finances are because we're in recession, because Adrian or et cetera,
et cetera. You can work, you fill in the blanks there.
But if we do not get to surplus in twenty
seven twenty eight like we're supposed to, what that means
is we're going to have to take on more debt. Now,
just to put this in some perspective for you, the
debt that we already have is massive, and it is
(06:41):
costing us just an interest payments about nine billion dollars
every single year. Nine billion dollars is enough to pay
every single year for the defense force, the police, the corrections, customs,
and then still leave you a cool billion dollars in
the pocket. That is how much money we're blowing. So
if we take on more debt, that just goes up.
Speaker 2 (07:01):
And so yeah, apparently you know we're not going to
be back in surplus. We don't get a surplus or
the surplus is delayed because of this. Yeah, all of
this these bad numbers, but I could swear we got
promise to surplus. So you're allowed to break your promise
that things turned out to be a little bit harder
than you thought they were going to be. As a
(07:23):
it's justifiable promise breaking. What's going on there. Apparently the
rerave not like Donald Trump. Boy, he he he came
out firing today. He's going to keep all his promises. Apparently,
since if we're doing a lot of business for a
guy who is not actually in the job yet. Anyway,
somebody inevitably asked him about those mysterious drones over New Jersey.
Speaker 3 (07:45):
Donald Trump has just how little press conference at Mara Lago,
and he's got into the drones.
Speaker 4 (07:50):
The government knows what is happening. Look, our military knows
where they took off from. If it's a garage, they
can go right into that garage. They know where it
came from and where it went. And for some reason
they don't want to come in. And I think be
better of saying what it is. Our military knows, and
(08:11):
our president knows, and for some reason they want to
keep people in suspense. I can't imagine it's the enemy,
because it was the enemy they'd blasted out. Even if
they were late, they'd blasted. Something strange is going on.
For some reason, they don't want to tell the people,
and they should because the people are really I mean,
they happen to be over Bedminster. They're very they're very
(08:35):
close to Bedminster. I think maybe I won't spend the
weekend in bed Minster. I've decided to cancel my trip.
Speaker 3 (08:41):
Have you seen an intelligence briefing on the drones?
Speaker 4 (08:44):
I don't want to comment on that.
Speaker 3 (08:46):
Oh, so he's obviously being told what's going on. He
obviously knows what's going on. Everybody obviously in government knows
what's going on, and they're not saying he's got a
fair point, though people are complaining. I don't know if
you've seen the videos, but it's there are people filming
these drones in the sky and weeping like in fear
from what they think it's some sort of like a
sci fi thing actually come into real life. That freaking
(09:08):
you know, nobody freaks out like an American. They are
freaking out about it. And he's got a point.
Speaker 2 (09:12):
Do you reckon? There's a bit at a casual use
of prescription medicines going on in as well.
Speaker 3 (09:17):
Would I would say that would be a charitable explanation
for what's going on there. Who knows, But he's got
a point, hasn't he that actually the government ought to
just say what's going on and put people out of
their misery.
Speaker 2 (09:26):
Surely the weirdest thing about all this is that what
military significance does New Jersey have. I don't know if
you've watched the second season of the Diplomat, but it
turns out that apparently Scotland is where all the nukes
are in Great Britain, and so if they ever went
(09:47):
independent and got rid of the nukes, then that it'd
be a problem for the entire Western world. Wow, that's
what would happened on the program here. I don't know
if any of that's true, but I were just wondering
if something like that's going on in New Jersey. I mean,
as Heather says, when there's an information vacuum, we like
to fill it the rewrap. I think we've got a
financial advice vacuum around what'sppening with bitcoin either.
Speaker 3 (10:09):
How can you say that you've missed the boat with
bitcoin and then say it's predicted to go up fifty
percent in the next six months. Fair question, because in
order to get into bitcoin right now, entry levels really high.
So you want one of those coins, you've got to
have one hundred and five thousand New Zealand American dollars.
Now that's that's a lot to lose, right So now
(10:32):
you're punting on it going up fifty percent, but you're
going to lose a whole lot of money off a
dozen whereas once upon a time it's only five thousand
dollars or something like that. So do you know what
I mean? Like, I'm not gonna.
Speaker 2 (10:41):
Yeah, but you don't have to start with a whole coin.
You can just have a bit.
Speaker 3 (10:45):
Can you just have a bit of the coin? How
small can you bit be?
Speaker 2 (10:48):
I don't know, But isn't that why it's called bitcoin.
Speaker 3 (10:52):
You can have as much as you want. Don't take
financial advice from me. I bought sky TV shares and
then they went down and they've never gone back up.
So I'm terrible, very bad, very very bad advice. So
what I would say is don't buy bitcoin, in which
case do the opposite.
Speaker 2 (11:08):
But I've always thought that people who give out consistently
bad advice, that's quite useful to hear what they have
to say. For that very reason, you can then ignore
their advice and advice and do the opposite. It's like,
you know, if you if there's a film critic who
always says the films you like are bad and the
ones he likes you think are bad, then at least
you know which ones are going to be bad or good.
(11:30):
It's just the opposite of what that personess is. You
get it, You get what I'm saying. Should I stop
the podcast now and stop talking? Probably I'll start againting
to borrow.
Speaker 1 (11:39):
See for more from news Talks at be Listen live
on air or online, and keep our shows with you
wherever you go with our podcasts on iart Radio
You're listening to a podcast from News Talk SAIDB. Follow
this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:25):
Rewrap Dan, Welcome to the Rewrap for Tuesday. All the best,
but it's from the Mike Hosking breakfast on News Talks
ed B and a Sillia package. I am Glen Hart
and today the police off to China. I don't know
what this is about, but it sounds like heither does,
so I sh'll talk about that shortly. It's hi Fu
Day today, is it? I also don't know what that's about,
(00:48):
So this is going to be a real learning journey
for me this podcast today. Everybody wants to know what
the new Jersey drones are about, but the people who
do know aren't telling. And we're going to finish up
with some bitcoin advice which you should definitely ignore. But
before any of that, counsels. Are we sorting out of
(01:09):
the councils or what's going? Are they just taking the
next look?
Speaker 3 (01:11):
Even people who think that councils do a fantastic job
generally must by now understand why the government is going
to have to pass laws to get them to actually
focus on doing their jobs. I mean it has been
clear now for I would say at least four months,
if not longer, to councils that the Government wants them
to drop the distractions and just get on with their
work and get Councils just apparently can't help themselves, can they.
I mean last week, as recently as last week we
(01:33):
had totaling a city council voting to install unelected Marty
representatives on the council. That's not going to improve ratepayers'
lives one jot, but it's just going to cost them
more money, isn't it. Hasting's District Council did the same
thing three months ago with the youth councilors. Again, no
extra benefit to a rate payer, just extra cost to
a rate payer. Wellington City Council is today going to
debate whether they should submit their feels to the Government
(01:57):
on the Treaty Principal's Bill, which has nothing to do
with them, not their job at all. A bunch of
other councils have done this as well. This stuff is
still going on despite months now of the Government saying
can you please just get back to doing your job?
Up and down the country, these guys show no sign
that they understand thus supposed to be cutting unnecessary spending
and focusing their minds on actually just running the council.
(02:18):
So it's come to this, right, So the government announced
yesterday it's going to pass legislation to force them to
do their jobs. And there's two parts to this. The
first is that the full Wellbeing pillars that task counsels
with looking after economic wellbeing and social wellbeing and cultural
wellbeing and environmental well being, they're all going to be scrapped.
That was a bad idea from the last Labor government anyway.
It was so broad that it was meaningless and so
(02:41):
therefore it gave counsels an excuse to basically expand their
meddling into pretty much anything, because pretty much anything is
a well being. And then the second thing is counsels
will be forced to report clearly and simply and publicly
what they're spending their money on and what they're charging
their rate payers, and hopefully as a result of this
getting out the big stick, hopefully it will mean that
(03:01):
the excuses are cut, the distractions are dropped, and these
guys focus their minds on doing more work for less
cost to rate payers as well, because hoping they get
them me and do it voluntarily. Clearly hasn't worked.
Speaker 2 (03:10):
My idea, if I was on the council would be
to have lefts and meetings because my experience, nothing productive
ever came out of any meeting I've ever attended. And
that's all councils seem to do is have meetings about things.
And I wonder if the least meetings they have, the
more productive the councilors will be and the less money
(03:32):
they'll cost. Who knows?
Speaker 1 (03:34):
We rap? Right?
Speaker 2 (03:35):
So we've got a police trip to China? Is that right?
So what's going on now?
Speaker 3 (03:39):
Look, this business of our police going on a trip
to China is actually not a big deal. But the
way that the cops are being weird about it is
making this a big deal, isn't it. No one believes
the police story, surely, I mean, the police story is
nothing to see here, was just a holiday, had nothing
to do with the police itself, even though thirty three
police officers just happened to all go to the same
place at exactly the same time, organized by Jessica at work,
(04:02):
and not organized by Jessica work during work hours. She
was just doing it on her weekends. And even though
someone on that trip, emailed the boss afterwards and said, yeah,
the trip was really productive, had nothing to do with work.
No one's going to buy that story. That doesn't pass
the sniff test, does it. I mean? Yeah, like maybe
they all took annual leave and paid for it themselves
and and Jessica organized it during her weekends. But to
(04:23):
pretend that it had absolutely nothing to do with being
a police officer is obviously stretching credibility. And I think
that that's what's keeping people interested in it, because it
feels like the cops have got something to hide here.
They shouldn't have anything to hide here. This is very
normal stuff. Big powers like China do this kind of
stuff all the time. They try to use soft power
to influence influences. I mean, the States does it right
(04:43):
that every year the States choose a somebody from New Zealand,
often from the media, flies them out to the US,
and if I remember correctly, it's all expenses paid, and
then they join other people from around the world who
also been selected, and they go on a tour of
all these places around the country, Washington, New York, San
fran Florida, whatever. And the whole point of the thing
is just to create an affinity like a soft spot
(05:07):
for America. Years ago thereabouts. I went on that trip,
and as long as you see it for what it is,
it's not a problem. It's just soft power trying to
influence you. It's the same with China. China's not our enemy.
We have a complicated relationship with China, yes, but frankly
the relationship with the US can also at times be
a little complicated. On the face of it, there is
nothing to see here other than a bunch of police
(05:27):
going on a cultural trip to China, clearly organized through
the police in some way, and clearly with the blessing
of the police bosses. There is nothing weird about this,
but by pretending they have absolutely nothing to do with it,
despite all the evidence to the contrary, the cops are
at the moment making this feel really weird.
Speaker 2 (05:45):
Yeah, it's a good if it was Sweden, nor h
here's another cool place. If it was Ethily would we care.
But man, you say China these days and before you
know it, Prince Andrew doesn't get to go to the
Christmas party. Rewrap right now, So crack on into this
(06:10):
hifu or high fu or hifu. However, you say it,
however you read it, the numbers are going to look grown.
Apparently the high EFFU.
Speaker 3 (06:18):
Now it works as simply as this. Right where we
open the books today, we see how stuff the government's
finances are because we're in recession, because Adrian or et cetera,
et cetera. You can work, you fill in the blanks there.
But if we do not get to surplus in twenty
seven twenty eight like we're supposed to, what that means
is we're going to have to take on more debt. Now,
just to put this in some perspective for you, the
debt that we already have is massive, and it is
(06:41):
costing us just an interest payments about nine billion dollars
every single year. Nine billion dollars is enough to pay
every single year for the defense force, the police, the corrections, customs,
and then still leave you a cool billion dollars in
the pocket. That is how much money we're blowing. So
if we take on more debt, that just goes up.
Speaker 2 (07:01):
And so yeah, apparently you know we're not going to
be back in surplus. We don't get a surplus or
the surplus is delayed because of this. Yeah, all of
this these bad numbers, but I could swear we got
promise to surplus. So you're allowed to break your promise
that things turned out to be a little bit harder
than you thought they were going to be. As a
(07:23):
it's justifiable promise breaking. What's going on there. Apparently the
rerave not like Donald Trump. Boy, he he he came
out firing today. He's going to keep all his promises. Apparently,
since if we're doing a lot of business for a
guy who is not actually in the job yet. Anyway,
somebody inevitably asked him about those mysterious drones over New Jersey.
Speaker 3 (07:45):
Donald Trump has just how little press conference at Mara Lago,
and he's got into the drones.
Speaker 4 (07:50):
The government knows what is happening. Look, our military knows
where they took off from. If it's a garage, they
can go right into that garage. They know where it
came from and where it went. And for some reason
they don't want to come in. And I think be
better of saying what it is. Our military knows, and
(08:11):
our president knows, and for some reason they want to
keep people in suspense. I can't imagine it's the enemy,
because it was the enemy they'd blasted out. Even if
they were late, they'd blasted. Something strange is going on.
For some reason, they don't want to tell the people,
and they should because the people are really I mean,
they happen to be over Bedminster. They're very they're very
(08:35):
close to Bedminster. I think maybe I won't spend the
weekend in bed Minster. I've decided to cancel my trip.
Speaker 3 (08:41):
Have you seen an intelligence briefing on the drones?
Speaker 4 (08:44):
I don't want to comment on that.
Speaker 3 (08:46):
Oh, so he's obviously being told what's going on. He
obviously knows what's going on. Everybody obviously in government knows
what's going on, and they're not saying he's got a
fair point, though people are complaining. I don't know if
you've seen the videos, but it's there are people filming
these drones in the sky and weeping like in fear
from what they think it's some sort of like a
sci fi thing actually come into real life. That freaking
(09:08):
you know, nobody freaks out like an American. They are
freaking out about it. And he's got a point.
Speaker 2 (09:12):
Do you reckon? There's a bit at a casual use
of prescription medicines going on in as well.
Speaker 3 (09:17):
Would I would say that would be a charitable explanation
for what's going on there. Who knows, But he's got
a point, hasn't he that actually the government ought to
just say what's going on and put people out of
their misery.
Speaker 2 (09:26):
Surely the weirdest thing about all this is that what
military significance does New Jersey have. I don't know if
you've watched the second season of the Diplomat, but it
turns out that apparently Scotland is where all the nukes
are in Great Britain, and so if they ever went
(09:47):
independent and got rid of the nukes, then that it'd
be a problem for the entire Western world. Wow, that's
what would happened on the program here. I don't know
if any of that's true, but I were just wondering
if something like that's going on in New Jersey. I mean,
as Heather says, when there's an information vacuum, we like
to fill it the rewrap. I think we've got a
financial advice vacuum around what'sppening with bitcoin either.
Speaker 3 (10:09):
How can you say that you've missed the boat with
bitcoin and then say it's predicted to go up fifty
percent in the next six months. Fair question, because in
order to get into bitcoin right now, entry levels really high.
So you want one of those coins, you've got to
have one hundred and five thousand New Zealand American dollars.
Now that's that's a lot to lose, right So now
(10:32):
you're punting on it going up fifty percent, but you're
going to lose a whole lot of money off a
dozen whereas once upon a time it's only five thousand
dollars or something like that. So do you know what
I mean? Like, I'm not gonna.
Speaker 2 (10:41):
Yeah, but you don't have to start with a whole coin.
You can just have a bit.
Speaker 3 (10:45):
Can you just have a bit of the coin? How
small can you bit be?
Speaker 2 (10:48):
I don't know, But isn't that why it's called bitcoin.
Speaker 3 (10:52):
You can have as much as you want. Don't take
financial advice from me. I bought sky TV shares and
then they went down and they've never gone back up.
So I'm terrible, very bad, very very bad advice. So
what I would say is don't buy bitcoin, in which
case do the opposite.
Speaker 2 (11:08):
But I've always thought that people who give out consistently
bad advice, that's quite useful to hear what they have
to say. For that very reason, you can then ignore
their advice and advice and do the opposite. It's like,
you know, if you if there's a film critic who
always says the films you like are bad and the
ones he likes you think are bad, then at least
you know which ones are going to be bad or good.
(11:30):
It's just the opposite of what that personess is. You
get it, You get what I'm saying. Should I stop
the podcast now and stop talking? Probably I'll start againting
to borrow.
Speaker 1 (11:39):
See for more from news Talks at be Listen live
on air or online, and keep our shows with you
wherever you go with our podcasts on iart Radio
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