News

September 2018 Release of our petition to have the Reserve Bank issue our money along with an opinion piece.

June Press release on the swiss referendum. Despite the campaign of confusion and fear run by opponents, 25% voted for the Sovereign Money Initiative.

April The AustralianRoyal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry is coming up with some serious wrongdoing by the banks and financial institutions

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

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

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.

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".

 

Napoleon"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.”

Napoleon Bonaparte, Emperor of France, 1815

Positive Money Blog and Media Releases



16 September 2018

Opinion piece on the listing of our petition

Our current debt-based financial system has 97% of our money supply created by private banks at the click of a button to finance loans and mortgages. Our Reserve Bank has been relegated to issuing just 3% of our money in the form of notes and coins.


16 September 2018

How to protect our economy from the next GFC (Global Financial Crisis)

Positive Money New Zealand is an advocacy group seeking to secure our financial future. It is launching a petition to give the Reserve Bank of New Zealand the exclusive ability to issue all New Zealand money, whether notes, coins, or electronic. Money issued by the Reserve Bank would be called sovereign money.

4 August 2018


We will be launching a petition to parliament later this month (August 2018), calling on the Government to enable the Reserve Bank to create our electronic money.



2 July 2018

With nurses set to strike over their pay claims and teachers likely to follow there is some sympathy for their plight, but the common belief is that there is no money to pay them.


2 July 2018

In a week that saw the Swiss go to the polls to vote on a referendum to decide who issues their money, our money week totally missed the mark.


2 July 2018

Here is a press release from our colleagues in Switzerland who initiated the Sovereign Money referendum.


2 July 2018

People from around the world are eagerly awaiting the result of a referendum in Switzerland on the 10th June 2018 that has the potential to shake up the international banking system.


2 July 2018

Labour and New Zealand First promised “Capitalism with a Human face” but what we got, says Don Richards founder of Positive Money New Zealand “was a business as usual budget, delivered by a guy wearing a red tie, rather than a guy wearing a blue tie”.


2 July 2018

The solution to our economic and social woes has been a matter of public record for more than 80 years; the problem is that we have forgotten it. Here is a searchable version of the official Hansard debate for the Reserve Bank Amendment Act 1936.


25 June 2017

 We've lived all our lives in debt bondage, is that what we want for our grandchildren too?


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