Private banks should not be allowed to create NZ money supply

I support local currencies as well, but it seems to me that they are only suitable for local trade. Years ago I was involved in the LETS system which eventually failed. This is the problem with purely local currencies. If they fail, what next?
I personally believe that private banks, owned by share-holders trading on the stockj market, should be banned. I also think that compound interest should be banned because in the real world any exponential growth of products or materials is not possible, so an exponential growth of interest is not possible in the long run either.
Banks should be Trustee or Credit Union, or structured like the Co-operative Bank. Interest should be linear or fee for service over time (which is the same thing).
None of these things is mentioned in the proposal because we need to start with what is easily achievable.

DD

„You appear to be saying that as population and production increases there is a need for more money in the economy, but why is that a problem?“

A problem today with this systematic:
Banks today delete the money after it was created and repaid. There is no adaption of the money supply to theses basic needs for more money: if more people start to coexist and trade simultaneously to the already exising businesses, more money is generally necessary to exist.
Today we have to take it away from another, start spending it faster or earning it faster.
All of that has its limits today.

„If the private banks could not create electronic money as loans with interest and the Reserve Bank created the appropriate amount of money and spent it into the economy (as notes and coins already are), there would be no dollar devaluation. „

The idea is very soon limited because of monopoly and fraud due to ideas of personal benefit before peoples benefit, which could easily break the system.
To make this really work in the long run and to make it withstand fraud, you have to make it self regulatory and easy for everyone to get into the roles of checks and balances.
This means: equal the forces of top-down and bottom-up (make it also a local decision and a decision of all trading participants) and balance the powers to decide whether businesses are qualified to create money for them [et them exist] or not and to which extent [who will get nto it, when and what will we do?].)

„The present dollar devaluation is one of the side effects of interest being added to all new money creation.“

Please show me how money devaluation is a side effect of the interest rate in money creation.
I don't see it. Please also show me how it could NOT be majorily influenced by all the other factors that have influence.

MW

fine but something i hate about buying regionl is the restricted quality. Sometimes i need more. Consider this in situatoins where you have a health problem and there is one worldwide expert and just they can help you, in your region you would die. People don't seem to like to learn ans explore a lot if they get older and this makes the neccessary to replace if you have higehr demands. So i really can't stay just local with my needs. I/we have to think of another way.

DD
If you want to ban compound interests you have to ban interests.

If you want to ban private banks,
owned by share-holders trading on the stock market,
you basically have to ban the possibility of a bank buying or collaborating with a business. Additionally you have to ban a collective to invest in businesses. No way.......

I recommend you to really question what you hear and think and synchronize or compare it to reality.

As you are the leader of this discussion i reccommend to you to rather focus on a step by step way to find a new system by going step by step through the problems of the old one.