KL Functional requirements for Monetary Sovereignty

2016-05-17 11:38AM
1) Restore/enhance the option of government to use Overt Monetary Financing as a means of financing public spending.

Extracted from quote: "Restore/enhance the ability of Government to create Sovereign NZ money for investment in the public sector, for public good" May 17

2) NZ Government should not incur debt denominated in foreign currency Extracted from quote: "prohibiting NZ Government from borrowing offshore". [Req- Sovereign debt restrictions]

3) NZ Government shall not be constrained by what debt the private sector is willing to extend to them.

Extracted from: ""prohibiting NZ Government from... relying on private investment"

 4) Bail outs of private financial institutions shall be prohibited.

extracted from: "stop bail outs like South Canterbury Finance"

2016-08-01
5) Money creation needs to be democratized- responsive to public, welfare seeking motivations evaluated by publicly accountable decision makers rather than profit seeking motivations evaluated by private market decision makers.

Extracted from: "money creation needs to be democratised", " drivers of the financial system ... are privately owned and invested into military and industrial pursuits that are not sustainable nor allied to Green principles"

2016-08-05
6) Agree with Urs requirement: " halt offshore borrowing and predatory lending practices"

2016-10-23

"tight regulation and monitoring will be required along with as close as possible to 100 percent reserves for private banks in order the Crown has control and can protect NZ's currency and value as it is they that need taming and tethering." [req- restrict fractional reserve banking]