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Positive Money NZ - Latest News [Page 1]
A Golden Opportunity For Kiwibank And New Zealand
Thursday, 29 September 2022, 6:31 am | Positive Money NZ
The Government is to be applauded for its repurchase of Kiwibank. It now has the opportunity to introduce some real competition into the banking system that is dominated by the big four Australian-owned banks. The Government is taking on the supermarket ... More >>
When And How To Print Money
Friday, 12 August 2022, 2:24 pm | Positive Money NZ
Money creation by the Reserve Bank has been rightly blamed for contributing to our high inflation rate, but this is because the money has gone to the wrong sector of our economy. More >>
Reserve Bank toolkit missing an essential item
Tuesday, 31 August 2021, 10:45 am | Positive Money NZ
Further use of the Reserve Bank’s new monetary policy tools will actually do more harm than good to the economy, says Positive Money national spokesperson Don Richards. More >>
Petition To Direct Fund The Covid-19 Recovery
Thursday, 11 March 2021, 12:24 pm | Positive Money NZ
A new petition is asking Parliament to require the Reserve Bank to directly fund the Covid recovery and other essential infrastructure, cutting out the unnecessary bank middlemen. The Reserve Bank plans to spend up to 100 billion dollars to buy ... More >>
Treasury Advice To Government Lacks Courage
Tuesday, 16 February 2021, 3:35 pm | Positive Money NZ
A Treasury paper, released under the Official Information Act, shows our Finance Minister asked for advice on whether the Bank should be allowed to buy up billions of dollars of Government debt on the primary market. Currently the Reserve Bank buys ... More >>
Large Scale Squandering By The Reserve Bank
Wednesday, 25 November 2020, 5:05 pm | Positive Money NZ
The Reserve Bank is embarking on a scheme that will squander $28 billion, according to Don Richards, the National Spokesperson for Positive Money New Zealand (PMNZ). Through its so-called Funding for Lending programme, the Reserve Bank will provide ... More >>
There Is A Free Lunch Minister
Tuesday, 22 September 2020, 5:55 am | Positive Money NZ
In an extraordinary exchange during a recent press conference our Finance Minister, when asked why the Reserve Bank does not write off the Covid19 debt, said “it isn’t the way we manage monetary and fiscal policy”. He did not say that it is not technically ... More >>
The Budget Snatches Defeat From The Jaws Of Victory
Thursday, 21 May 2020, 1:32 pm | Positive Money NZ
After doing so well managing the pandemic the Government has said it will borrow the $50 billion it needs for the Covid-19 package. It could however instruct the Reserve Bank to issue the money directly, cutting out the lenders as it did during ... More >>
'Reserve Bank’s Quantitative Easing Repeats The Mistakes Of Others'
Wednesday, 8 April 2020, 7:49 am | Positive Money NZ
Those who do not learn from history are doomed to repeat it and our Reserve Bank has chosen to repeat a costly mistake, says Positive Money national spokesperson Don Richards. “While the $12 billion Covid-19 stimulus package to workers and small ... More >>
Reserve Bank Should Cut Out The Middleman In Covid-19 Stimulus Package
Wednesday, 18 March 2020, 3:39 pm | Positive Money NZ
While the Covid-19 stimulus package will provide a welcome boost to the economy, it comes at the cost of even more debt. Our Reserve Bank is expected to go to the bond market to buy Government bonds from banks and other institutions to finance ... More >>
A Quiet Revolution In US Banking Has Implications For New Zealand
Tuesday, 11 February 2020, 2:22 pm | Positive Money NZ
11 February 2020 A quiet revolution in US banking has implications for New Zealand As the dominance of the four Australian banks come under increasing scrutiny, and they continue to close branches and exit from our communities, the Public Banking ... More >>
No need to borrow for infrastructure
Tuesday, 17 December 2019, 10:09 am | Positive Money NZ
The Government’s recent announcement that it will spend an extra $12 billion on infrastructure for new roading, rail, schools and healthcare projects, is welcome news. The not so welcome news is that the Government will take on an extra $19 billion ... More >>
Urgent call for Reserve Bank digital currency
Tuesday, 26 November 2019, 9:55 am | Positive Money NZ
New Zealand’s monetary sovereignty is under imminent threat from global technological developments. A timely submission before Parliament calls for an urgent review of our monetary system and the Reserve Bank’s role in it. More >>
Petition a game changer for the New Zealand economy
Friday, 13 September 2019, 8:51 am | Positive Money NZ
A petition, that promises a significant and dramatic improvement for the New Zealand economy, was handed to Dr Deborah Russell, the MP for New Lynn today. The petition, signed by over 5,000 New Zealanders addresses our crippling level of debt as well ... More >>
A game changer for the New Zealand economy
Wednesday, 11 September 2019, 7:57 am | Positive Money NZ
“New Zealand’s financial system is approaching crisis point due to a crippling level of household debt at 96% of our GDP. Our total debt passed the half trillion-dollar mark last year,” according to Don Richards, National Spokesperson for Positive ... More >>
Reserve Bank/IMF meeting misses the point
Thursday, 29 August 2019, 2:04 pm | Positive Money NZ
A meeting sponsored by The Reserve Bank and the International Monetary Fund in Wellington this week is an ideal time to shine a light on a system that has delivered the highest house price inflation in history and left New Zealand with a half-trillion-dollar ... More >>
Jenner Lichtwark endorsed by Positive Money NZ
Tuesday, 26 November 2013, 9:45 am | Positive Money NZ
By-elections provide an opportunity for voters to apply pressure for changes to Government policy. Stripping the private banks of the power to create our money supply and handing it to the Reserve Bank is the single biggest change that would enable devastated ... More >>
Launch Of A Positive Money New Zealand
Wednesday, 19 October 2011, 1:08 pm | Positive Money NZ
Launch Of A Positive Money New Zealand - A Campaign To Reform The New Zealand Banking System More >>
