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

4 June Aditya Chakrabortty is a senior economics commentator for The Guardian and he has written an article titled "You’re witnessing the death of neoliberalism – from within". He goes on to say that IMF economists have published a remarkable paper admitting that the ideology was oversold

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 "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

21 April - Forbes, an influential American business magazine ran an article titled 12 reasons why New Zealand’s economic bubble will end in disaster

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.

17th September 2013. The Green party of England and Wales has passed a motion to place money creation into public hands and end fractional reserve banking.

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

20th June 2013 An article in the Dominion Post suggested that the government contribute money to build more housing – like they did in 1936.


“The banks do create money. They have been doing it for a long time, but they didn’t realise it, and they did not admit it. Very few did. You will find it in all sorts of documents, financial textbooks, etc. But in the intervening years, and we must be perfectly frank about these things, there has been a development of thought, until today I doubt very much whether you would get many prominent bankers to attempt to deny that banks create it.”

H W White, Chairman of the Associated Banks of New Zealand, to the New Zealand Monetary Commission, 1955.
bout us

Guiding principle

We are out to interrupt the predictable future for our children. 

After leaving university young people will not know a time when they are free from debt.  They will not enjoy the free and easy years previous generations had after graduating. 

Should they aspire to own their home it will require two incomes to service the loan and decades to pay it off.  They will also need to save for their retirement – while raising their children. 

This is not the sort of world we wish to pass on to them.


Positive Money New Zealand is a campaign to move New Zealand from a debt-based economy to a full reserve in which our money supply is issued debt-free by the Government.  While the Reserve Bank, via the Treasury, issues our notes and coins they only form 3% of our money supply.  Private banks create the balance as electronic or digital money, at huge cost to the New Zealand economy and the banks make enormous profits that are then sent overseas.

Private banks create our digital money out of thin air and then lend it to us with interest added.  It creates huge distortions in our economy and it keeps the majority of New Zealanders on a debt treadmill.  It is also why we have unaffordable housing, child poverty and inequality and these can all be eliminated by having the Reserve Bank issue our digital money.

The campaign is based on one that has been running in the UK called Positive Money - which started in May 2010 as well as a similiar one in the United States called the American Monetary Institute - which began in 1996.

Positive Money New Zealand began when Sue Hamill and Don Richards had the current debt based system explained to them in 2010, while watching Money as Debt.  When they learnt that New Zealand operated under the same system - they customised the UK campaign - to the New Zealand situation.

Positive Money New Zealand is now part of a global network of organisations dedicated to reforming our banking system.

Here is the World Headquarters for Positive Money New Zealand at 11 Muriwai Drive Whakatane.

The Team

Sue Hamill

After returning from three years based in the United Kingdom Sue studied law and then spent 10 years working in publishing. She retrained in 2006 in therapeutic massage.

Sue maintains a keen interest in health.

Don Richards

Don lives in Whakatane and is married to Sue.  He has two daughters from a previous marriage and became a grandfather for the first time in May 2011.

Don has worked in a number of key industries during times of significant change in New Zealands recent economic history.  He was employed by BP Oil New Zealand, working in their Retail Strategy unit during the deregulation of the New Zealand oil industry in the late 1980's.

He also worked for Standards New Zealand in the late 1990's as it grappled with the transition from state funding to the user-pays model.  In addition Don worked for the New Zealand Dairy Board, leading up to the formation of Fonterra and beyond. Don worked for BRANZ (Building Research Association of New Zealand) for 11 years as their Quality and Environmental Manager prior to moving to the Bay of Plenty. 

He now works as a Director for Simple, Effective Solutions that offers consultancy  for Health and Safety, Environmental and Quality Management systems.

Don has also taken on a number of community based projects including organising cleanups of Wellington harbour which started in 1997 and continues to this day.  In addition he organised street parties for his neighbours and ran a campaign to stop whaling in the southern ocean - called Friends of Tangaroa.






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