News

May 2017 Positive Money New Zealand issued a press release seeking clarity from the Reserve Bank on how our money is created.  They still refer to intermediation by the banks, which is not how our banking system works.

5th November 2016 An article in The Guardian newspaper in England argued that abolishing debt-based currency holds the secret to getting our system off its addiction to growth.

5th September 2016 KPMG released a report, commissioned by the Prime Minister of Iceland, titled "Money Issuance" The report looked at money created by the Government.

28 March 2016 Bryan Gould has agreed to be the Patron for Positive Money New Zealand.

Bryan is a respected commentator on economic matters, an author, academic and Companion of the New Zealand Order of Merit.

31 October 2015 A monetary reform group in Switzerland has enough signatures for a referendum on who creates their money supply.

14 October 2015 The Finance Commission of the Dutch parliament discussed monetary reform.

31 March 2015. The Telegraph in London reports on the Icelandic governments plan to have their central bank issue their money supply and calls it a radical plan.

22 November. The British parliament debated money creation last week, for the first time in 170 years. There was cross-party support for a proposal to set up a monetary commission

23 September. A new generation of young people, dubbed ''property orphans'' may be destined to be renters for life.

17 September. The Bank of International Settlements (BIS), the bank used by central banks, confirmed New Zealand houses are among the most "unaffordable" in the world compared to people's incomes.

6 September. Bruce Bisset of Hawkes Bay today reveals the true story behind the so called Rock Star economy.

25th April 2014 "Strip private banks of their power to create money”: says the Financial Times’ chief economics commentator Martin Wolf, who endorses Positive Money’s proposals for reform

15th March 2014 - In a historic move The Bank of England quarterly bulletin explains how money is created. Whenever a bank makes a loan, it creates a deposit in the borrower’s bank account, thereby creating new money. The bank says that this differs from the story found in some economics textbooks.

16th August 2013. The retiring head of the Financial Markets Authority apologised for the mistakes made saying “You were let down”.

 

Reginald McKenna“I am afraid the ordinary citizen will not like to be told that the banks can and do create money. And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people.”

Reginald McKenna, as Chairman of the Midland Bank, addressing stockholders in 1924.

 

Links

Positive Money UK - the campaign in the UK. Positive Money New Zealand takes its lead from Positive Money UK and they have brought the money creation conversation into the mainstream media in the UK.

International Movement for Monetary Reform A global network of organisations campaigning for monetary reform. Positive Money New Zealand is a member.

The Sustento Institute - an independent policy development organisation based in Christchurch. A New Financial Deal for Christchurch by Lowell Manning and Raf Manji. The government discusses borrowing yet more debt and bringing in a new tax to pay the costs of rebuilding Christchurch while the Sustento Institute propose issuing new cash E-notes to do the same job.

Living Economies - a New Zealand educational network presenting real-value alternatives to money such as time banks, interest free finance and local money.

The Democrats for Social Credit. A political party in New Zealand that stands for a fundamental reform of the monetary system, similar to that offered by Positive Money New Zealand.

New Economics Party - a new New Zealand political party with a new economic model.



Americian Monetry Institute - the campaign that has been running in the US since 1996.

Public Banking Institute - The public banking revolution in the US.

Economic Reform Australia - for a just and sustainable society

Occupy Money Germany - developing a fair monetary system. Use Google translate

Full Reserve Banking.com - A collection of resources for anyone interested in this alternative monetary system.

The Bank of North Dakota - is owned by the State of North Dakota.  The state puts it finances through the bank making North Dakota one of only two states in the US that is technically not insolvent. The state has only 700,000 inhabitants, is agriculturaly based and is thriving - watch the 3 minute video clip on the banks history.

Fabian Society New Zealand - provides a forum for critiquing the prevailing economic orthodoxy and the advocacy of viable alternatives and reforms.

 

 

 

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