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Saving The Post Office ~ The Models Of Kiwibank & Japan Post

The Kiwibank & Japanese Model : Postal Banks to Serve Local Communities

https://i2.wp.com/www.odt.co.nz/files/story/2009/07/kiwibank_could_provide_true_competition_to_austral_2064025924.JPG?resize=600%2C358&ssl=1

Banking in post offices is not new.

Many countries, including Germany, France, Italy, Japan, and New Zealand,

have a long and successful history of it

and so does the United States.

If the USPS added banking,

it could use its own bank-generated credit to help relieve its debt problems.

According to German researcher Margrit Kennedy,

interest composes on average about 40% of the cost of all goods and services.

That suggests that eliminating interest could reduce the USPS debt by about 40%.

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