It was frightening. The threat it contained was a statement of continued enslavement for the majority with continued destruction of whatever wealth they had and a promise of misery for years to come with their overseas masters controlling their every destiny and hope.

No, this was not a new fictional thriller. This was the speech by the Prime Minister John Key to the North Harbour Club on 25 January 2013.

Studied in detail, its words were framed in such a way intended perhaps to hoodwink the populace into believing that all was progressing as well as it could, but in effect leaving them to struggle for the rest of their in their lives in financial bondage. In the statement there were several hidden threats. The continued empire building of the Chinese Communist elite was one. The Public Private Partnership delusion was another.

The Chinese empire is expanding at a rapid rate. In 2010, China became the biggest lender on the planet handing out in excess of US$110,000 million in credit and in the past seven years they have invested over US$460,000 million across the world.

The Chinese Communist economy needs a limitless supply of raw materials and they send out workers, engineers and others across the world "in a relentless search for the resources to serve that economy" In a review of the book "China's Silent Army" by Cardenal and Araujo, Michael Sheridan in the London Sunday Times [3-2-13] comments that "the hunt for these assets is rapidly transforming the world and the price being paid is corruption, injustice and environmental ruin."

"The real financial muscle behind all this belongs to giant firms controlled by the government and the Communist Party"

Recently it was announced that the Chinese dairy giant Yashili planned to build a $210m factory near Pokeno, Waikato and had entered into a conditional agreement to buy industrial land for a proposed infant milk formula plant at Pokeno, 50km south of Auckland. China's biggest dairy company, Yili, has plans to invest in building processing plants in New Zealand spending $214 million in establishing an infant formula plant in South Canterbury. This is as a result of its planned takeover of Oceania Dairy group.
The Canterbury-based $100m infant formula plant at Dunsandel, Synlait, is 51 per cent owned by Shanghai-based Bright Dairy & Food Co.

How much does this help New Zealand? The Prime Minister can boast that "over the last four years, our exports to China have trebled" But who owns the exports? Will Fonterra's portion soon be smaller? Who will actually benefit?

Mr Key claims that "the more investment we get the more jobs will be created". When he made his statement that the "only way net jobs can be created is by private investors putting their money into businesses in New Zealand", did he forget Chinese state investment and control, or realise his statement didn't apply to them?

He thought it a scandal that the National Government hadn't enabled Chinese visitors to enter with few restrictions much earlier. Would some of them be the workers, engineers and others sent out in a relentless search for the resources to serve that [Chinese] economy"?

The only way that New Zealand can develop, provide for its people, improve their living standards, and have all who want to be employed to be employed in productive enterprises is by taking control of its own financial system, paying off its debts and not succumbing to the colonial creep of the empire building of the Chinese Communist Party state apparatus.

- contributed by Michael Clatford, DSC

Published: February 2013