Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

NZ Banking Reform Group Started

Media Statement

Banking Reform group started

A new banking reform group, aiming to restore the government's sovereign right to create and issue the nation's currency, has been formed.

Spokesperson for NZ Banking Reform, Deirdre Kent, said the first meeting was held in Petone last week with 27 attending, and a decision to meet monthly, and grow the membership.

Early activities will be to visit the Reserve Bank asking them to explain the way banks currently create 98% of the country's money supply. "We want the Reserve Bank to shine the burning light of clarity into the banking system so that everyone can understand. We are told taxpayers own the Reserve Bank, so we want them to explain how money is multiplied through the banking system," she said.

Ms Kent said the group, NZ Banking Reform, also has an egroup discussion (NZ_Banking_Reform@egroups.com) going on the web, with forty members participating.

"As well as visiting the Reserve Bank, we plan to assemble data about the growing debt, the rapid growth in money supply and the current laws applying to money creation."

She said those present at the first meeting came from a variety of backgrounds including businesspeople, church people, academics, Greens and Democrats.

"We believe that money is a clever human invention which must be our servant, not our master." She said many were angry that some of our taxes are being used to pay the overseas owned banks for lending money to our government when the money could be issued interest free by Governments, as with notes and coins.

For further comment phone Deirdre Kent 04 802 4640 or 025 203 0821 or Finlay Thompson 380 0994 or 021 117 9149

To contact New Zealand Banking Reform:

Email: NZ_Banking_Reform-owner@egroups.com

To join the discussion group send a blank email to.

EMAIL: NZ_Banking_Reform-subscribe@egroups.com

…or use the following link.

http://www.egroups.com/invite/NZ_Banking_Reform

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Decision Day: Peters Chooses Labour

Winston Peters says he will form a Government in coalition with Labour and the Greens giving confidence and supply.

Peters said he had been offered the position of Deputy Prime Minister and a number of other ministerial posts would go to his colleagues

He said economic and monetary policy changes were needed to face a coming economic downturn.>>>More

Reaction

Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome

 

Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>

ALSO:


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election