We launch a petition for Chicago Plan and against bank bailouts

Petition on Banking Reform 

Petition extra information  (This is the all in one information a backed A4, which condenses the three which follow into one)


The Chicago Plan Revisited summary

Who owns the Australian Banks

(Click on the above links for the petition form, the sheet of explanation you can hand out or sign the online petition)

The online petition is at http://www.avaaz.org/en/petition/Reform_the_banking_system_so_that_no_more_bailouts_are_ever_needed/?cHHSRcb. It has kindly been created by one of our supporters, Lewis Verdyn.

Remember online petitions don’t count in the actual numbers for the NZ Parliament as many will come from overseas, but they are noted in the cover sheet.


Following the letter from the Minister of Finance, Hon Bill English regarding his opinions of The Chicago Plan Revisited, and where he said they were working on Open Bank Resolution, we have decided to launch a petition. We decided it was best to ask for a Parliamentary Enquiry so that New Zealand could take initiative to implement The Chicago Plan Revisited.

We don’t want either taxpayers or bank customers to have to bailout the banks in the event of a bank failure. We believe banks should be stable in the first place. That will take radical monetary reform and this has to be done internationally and simultaneously. Our petition is attached, along with a sheet of explanation.

Because we are liaising and working with other organisations wanting the same thing, we have created a Facebook page at http://www.facebook.com/pages/Petition-for-a-Parliamentary-Enquiry-into-making-banks-stable/420764948002065. Please like it and contribute to the discussion and information sharing there.

We also have an online petition (although it isn’t officially counted, the Parliamentary Office says to mention the number of online signatures we get on the cover page.) These signatures of course will come from all over the world. It is here

Also if you would like to see a 35 minute explanation of The Chicago Plan Revisited by one of the authors, Dr Michael Kumhof, you might like to visit http://youtube.googleapis.com/v/YnAtHbDptj8&hl=en_US&fs=1&