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”.

 

Captain Henry Kerby“That this House considers that the continued issue of all the means of exchange – be they coin, bank-notes or credit, largely passed on by cheques – by private firms as an interest-bearing debt against the public should cease forthwith; that the Sovereign power and duty of issuing money in all forms should be returned to the Crown, then to be put into circulation free of all debt and interest obligations…”

Captain Henry Kerby MP, in an Early Day Motion tabled in 1964.United Kingdom

The End of Debt Servitude

Marc Joseph

Welcome to The End of Debt Servitude blog. This is dedicated to exposing and ending the financial regime that keeps us in a state of debt bondage.

The glory of human potential will never manifest itself under this system. Imagine. Imagine yourself living a life that never refers to your bank account balance to decide what you will do with your life.

Imagine your community that celebrates its achievements in communication, connection, art, and excellent relationships without the undercurrent of financial struggle.

Imagine your country working to facilitate the desires of its citizens by organising people to provide whatever is necessary without the constraints of national debt, taxation revenue, or bond markets.

Imagine your planet not suffering the brutal demands of the growth imperative. Imagine your planet where environmental degradation is unthinkable, where air and water and earth are pristine and nurturing and beautiful and teeming with life. Imagine your planet in peace. Imagine.

Let's imagine excellence because nothing else will do. Why do we tolerate the present situation? The financial regime has produced a human experience that is pathetic and mediocre.

In a world of untold wealth and bounty, people are being fooled into believing there is shortage and scarcity. Every day, lives are wasted and lost under the heel of financial oppression. In this blog we'll explore the reasons and the solutions.

This is not a left versus right blog because the problem is not horizontal, it's vertical. The left/right debate that dominates political discussion is futile. As money reformers, we are anti-inequality, we are pro-people. Only an end to private money creation will solve our many challenges.

Change money, change the world!

 

 

 

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