Adrian Orr, New Zealand's Reserve Bank Governor has been printing money at 6% per year. On national radio today when asked about bitcoin he said that he "detested it" even hearing the word a pain and crypto currency not much better. He proceeded to attempt to paint New Zealand's Reserve Bank as Tane Mahuta. This starkly contrasts the legislative issue at hand about the challenge of insulating the New Zealand economy from Australian Banks. I was also surprised by how loose lipped he was about money printing.
I don't detest much as a matter of personal policy and I think this is a warning sign of weakness. I think that what is happening here is important and echoed around the world. You can listen to his chalice discussion of money printing for investors here. Reserve banks have become overconfident.
Tane Mahuta is a grand metaphor, part of the legend of the New Zealand forest especially important for Kiwis. There is also a real tree and if Adrian really cared he should know that the tree is in serious threat of dying. This tree is over a thousand years old and considered the guardian of the forest. The reserve bank is less than one hundred and I am stretched to see how it is nurturing and protecting business. We are far more likely to see a new little bitcoin Kauri born, immune to money printing. 
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