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”.

 

Leo Tolstoy“Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal – that there is no human relation between master and slave.”

Leo Tolstoy, Russian writer

Letter to the Editor

Marc Joseph

"Dear editor,

It's heartbreaking that increasing numbers of people suffer from poverty and homelessness. But the debate on this issue is not honest. Indeed, the most important fact is never discussed or included in analysis of the economic challenges facing us as a society. And that fact is that the private banks control the money supply, a power that should be held by our government.

The solution to poverty is money reform. Presently, all the electronic money that is loaned by private banks is brand new money, it's not someone else's hard-earned money. Banks don't lend deposits. Yet, it's all debt and if anyone is wondering why there's so much debt in the world they need look no further. We need full disclosure of these facts.

The solution is simple and straightforward. The government must assert its authority over the economy and end the private banks' monopoly over the money supply. Then we can make a great start to ending poverty and inequality. But someone has to start telling the truth about money and banking."

As of now, this letter hasn't been published though I sent it in four days ago. It may yet but I won't be surprised if it doesn't because this letter is a challenge to the prevailing dogma. In the corporate media, it's rare to see any mention of the truth about where money comes from. As money reformers, we must be relentless in pointing out this truth. Tell everyone.

 

 

 

 

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