UB Functional requirements for Monetary Sovereignty

2016-05-30
1)  "...functional requirement is about the governing body of the reserve bank..."  The process of election of Governor must be changed so that the " person elected is much more objective and has a broader acceptance."

2) Sovereign Money should replace all hybrid money.

====2016-08-04 ====

3)  [NZ has substantial overseas debt.]  [NZ "must not be dependant on foreign (privately owned) banks" (Req- Overhang‎)  (Req- Sovereign debt restrictions)

2016-08-17
4) Condensed version: Resolve the inequity that the public purse is backstopping the private system against losses, while the private system profits fom risks that it ultimately is not required to pay.

" The question is really, whether it's fair that  private  banks are creaming that profit or if it should go to the state/public AND therefore if the creation of money should be in the hands of the state. The situation in 2008 with the banks bailed out by the state was raising this question about the greediness of the privately  owned banks giving out credits/producing money they didn't had and falling over to the extent ghat the state had to come up for it as they were deemed 'too big to fall over' ". (Req- Public trustee - ownership)