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".


“Banks lend by creating credit. They create the means of payment out of nothing. ”

Ralph M Hawtry, former Secretary to the British Treasury.


Further reading

  1. Our proposal to modernise the New Zealand banking system
  2. Creating a Sovereign Monetary System.  This is an easy to read overview by Positive Money UK.
  3. Modernising money.  A book written for non economists on how to create an economy that serves people, business, society and the environment.  Copies can be obtained from Living Economies.
  4. Banking vs Democracy a UK paper on how power shifted from parliament to the banking sector.
  5. A remarkable IMF Working Paper titled "The Chicago Plan Revisited". We suggest you read only the First 20 pages.
  6. An article from the Bank of England titled "Money creation in the modern economy" explains how the majority of money in the modern economy is created by commercial banks making loans
  7. An article in the US edition of Reuters comments on Adair Turners speech, calling it a breakthrough speech on monetary policy. This commentary is an easier read than the 46 page speech by Turner below.
  8. A truely historic speech on monetary policy is delivered by Adair Turner, head of the UK Financial Services Authority, and one of the most influential policy makers in the world. Turner speaks in favour on newly created money being handed out to citizens or Governments of countries that are mired in stagnation.
  9. Money and Inflation by Raf Manji
  10. The Manning Plan. A very low risk way to resolve the world debt crisis without sudden or radical change to the world financial system.
  11. IMF Working Paper titled “New Zealand Banks’ Vulnerabilities and Capital Adequacy” issued January 2013 raises concerns about NZ banks.
  12. The November 2011 issue of "New Zealand Investor" editorial.
  13. The December 2011 issue of "New Zealand Investor" has an article on the award winning documentary "The Secret of Oz".
  14. Make the boat go faster by Raf Manji.  Raf mentions how an injection of government cash can revitalise our economy.
  15. Creating New Money by Joseph Huber and James Robertson
  16. American Monetary Reform Act by Stephen Zarlenga
  17. A New Financial Deal for Christchurch by Lowell Manning and Raf Manji
  18. Towards a twenty first century banking and monetary system submission to the Independent Commission of Banking by Ben Dyson, Tony Greenham, Josh Ryan--‐Collins and Richard A. Werner
  19. Financial system mechanics explained for the first time. “The Ripple Starts Here.”
  20. The interest-bearing debt system and its economic impacts.
  21. How to introduce an e-money financed virtual minimum wage system in New Zealand.
  22. How to introduce a guaranteed minimum income in New Zealand.
  23. How to create stable financial systems in four complementary steps.
  24. The DNA of the debt based economy – Lowell Manning




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