My understanding is that the rationale behind Three Waters is that councils are so indebted they can’t afford to borrow the billions required to rebuild the infrastructure without risking a credit rating downgrade. Instead, the plan is to create an independent entity which can borrow billions by leveraging councils’ water assets as collateral.
Isn’t this like using your credit card to pay your mortgage?
It's much worse than that. Globalist policies are designed to weaken nations so they can be taken over, leaving the people of those nations as nothing but servants. Our democratic system is not merely being influenced; it is being systematically eroded. At the core of this erosion is a corporate media apparatus, coupled with a concealed influx of donations and manipulation, paving the way for initiatives like "Three Waters." This recent scheme aims to consolidate our water resources under a single entity, effectively transforming them into a payment gateway to service debt. (The English utility Thames Water, currently crippled by $29 billion of debt, is the same type of highly leveraged financing structure proposed for Three Waters here in New Zealand) These policies are specifically, and only, designed to get public assets into private corporate ownership.
The state is about to "steal" Nelmac contracting from Nelson ratepayers for 3 waters. There goes our collateral.