Positive Money NZ - Latest News [Page 1]

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 >>