Hard to believe?

If this is the first time the banking system has been explained to you - and you find it hard to believe, you are in good company. John Kenneth Galbraith, former professor of economics at Harvard, writing in ‘Money: Whence it came, where it went’ (1975) said:

"The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent.”

What you can do:

Other clips and audios

Paying interest on a loan that never existed from TV 1 7 Sharp programme. (7mins)

A simple solution to the debt crisis from our sister organisation in the UK. (4 mins)

The problem with our current monetary system also from Positive Money UK. (20 mins)

12 year old Victoria Grant blasts the Canadian banking system that operates the same way our banks do. (7 mins)

Interview with Russel Norman about excessive bank profits on 3rd December 2012. 7 minutes.

Interview with Raf Manji by Kim Hill on National Radio - November 2011.




Positive Money NZ

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