The document discusses the urgent need for de-leveraging due to unsustainable pension schemes and the impending financial burden posed by retiring baby boomers. It warns of a lending collapse and a potential housing price fall, calling for a debate on the future financial obligations. The presentation emphasizes that the current debt levels and economic practices are not viable moving forward.

1. Why de-leveraging and the costs of retiring baby-boomers will spark a Super debateRPRC Breakfast, University of Auckland, April 13

2. We (and the world) can’t afford our gold plated pension schemesRPRC Breakfast, University of Auckland, April 13

3. It’s all about de-leveragingRPRC Breakfast, University of Auckland, April 13

4. Deposits and LVRsRPRC Breakfast, University of Auckland, April 13

5. With 95% LVR Leverage 20 to 1$50k = $ 1mlnBut 80% LVRLeverage 5 to 1$50k = $250kRPRC Breakfast, University of Auckland, April 13

6. Giant debt boomRPRC Breakfast, University of Auckland, April 13

7. The growth was falseRPRC Breakfast, University of Auckland, April 13

8. Bigger than 1929RPRC Breakfast, University of Auckland, April 13

9. Lending collapseRPRC Breakfast, University of Auckland, April 13

10. Big fat ATMRPRC Breakfast, University of Auckland, April 13

11. Same here tooRPRC Breakfast, University of Auckland, April 13

12. Bubble pumped upRPRC Breakfast, University of Auckland, April 13

13. Way too much airRPRC Breakfast, University of Auckland, April 13

14. So what happens now? Deleveraginghas only just begun RPRC Breakfast, University of Auckland, April 13

15. Pass the parcelRPRC Breakfast, University of Auckland, April 13

16. 7 years long25% of GDP= NZ$45 blnRPRC Breakfast, University of Auckland, April 13

17. Not sustainableRPRC Breakfast, University of Auckland, April 13

18. Not sustainableRPRC Breakfast, University of Auckland, April 13

19. Indebted futureRPRC Breakfast, University of Auckland, April 13

20. Saving moreRPRC Breakfast, University of Auckland, April 13

21. Weak spendingRPRC Breakfast, University of Auckland, April 13

22. Weak lendingRPRC Breakfast, University of Auckland, April 13

23. Slow turnoverRPRC Breakfast, University of Auckland, April 13

24. House price fall?RPRC Breakfast, University of Auckland, April 13

25. House price fall?RPRC Breakfast, University of Auckland, April 13

26. Beep BeepRPRC Breakfast, University of Auckland, April 13

27. Rising interest ratesRPRC Breakfast, University of Auckland, April 13

28. Variable cheaperRPRC Breakfast, University of Auckland, April 13

29. Mind the GapRPRC Breakfast, University of Auckland, April 13

30. One big boomRPRC Breakfast, University of Auckland, April 13

31. Battle of generationsRPRC Breakfast, University of Auckland, April 13

32. So many old, sick peopleRPRC Breakfast, University of Auckland, April 13

33. Indebted futureRPRC Breakfast, University of Auckland, April 13

34. Indebted futureRPRC Breakfast, University of Auckland, April 13

35. A debate is requiredRPRC Breakfast, University of Auckland, April 13

36. Who will pay and how?RPRC Breakfast, University of Auckland, April 13