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".


Abraham Lincoln"The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity"

Abraham Lincoln

Benefits / Problem overview

Following is a table that compares the "merits" of money creation by private banks and a full reserve one.


Current Economy
(Money created by private banks)

 New Economy
(Full Reserve Banking)

Money created as destructive
means of exchange
Money created as medium of exchange
Money serves private profit Money serves the public
Privately controlled money supply Government regulated money supply
Interest-bearing debt keeps expanding Interest-free debt will not grow
Competitive scarcity of money Sufficient supply of money
“Boom and bust” crash-fated economy Confident, stable economy
Economic growth needed to repay
debt despite finite world
Allows steady state economy
within limits of finite world
Government debt increases public tax
burden until impossible level of debt
Government does not incur debt to
fund services, so taxation lower
Cuts to public services Allows reliable public service funding
Unemployment High level of employment
Primarily short-term investment in
profit-driven products, infrastructure
Facilitates long-term investment in
public services, infrastructure
Promotes consumer culture and the
unsustainable manufacture of ‘stuff'
Promotes sustainably-focused
innovation and enterprise
Promotes environmental exploitation and
destruction of Earth’s biosphere
Promotes ecological economics
to maintain life on Earth
Transfers wealth upward from net
borrowers to net lenders 
Wealth remains where created
Promotes human exploitation Promotes social justice
Increases poverty, famine, disease,
and resource scarcity
Reduces human hardship and
alleviates resource scarcity
Results in economic migration to
cities and developed countries 
Supports rural communities, towns
and local economies
Supports Plutocracy (rule by money) Supports Democracy (rule by public)




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