www.henrymakow.com 

 


The Solution: Nationalize the Money System 


July 6, 2009 

zarlenga.jpgby Stephen Zarlenga 
American Monetary Institute 

The credit crisis gives us our only opportunity to reform our monetary
system and eliminate the private creation of money; to eliminate the
privilege banks have to create our money supply when they extend loans.

The American Monetary Institute has published its research results in the
book The Lost Science of Money (drawn from a study of over 800 monetary
books and sources). The first 23 chapters focus on the monetary case studies
from Aristotle forward. Then Chapter 24 summarizes what those studies teach
us and how that should be applied to solving today's dilemma. The American
Monetary Act puts that plan into legislative form.
See http://www.monetary.org <http://www.monetary.org/>
<http://www.monetary.org/>

Each September (24th - 27th in 2009) we hold a monetary reform conference at
Roosevelt University in Chicago where activists and advanced monetary
researchers present talks and programs on monetary reform. There is a
Discount ($295 instead of $395) for registrations
mailed by July 15th. See the brochure now!
http://www.monetary.org/2009conference.html

The American Monetary Act (attached) is legislation which fundamentally
reforms the private CREDIT/DEBT system now wrecking our nation, replacing it
with a government MONEY system.

HOW:  The Federal Reserve becomes incorporated into the U.S. Treasury. Banks
no longer have the accounting privilege of creating our money supply. All
their previously issued credit is converted into U.S. Money through an
elegant and gentle accounting change, which has been
described as brilliant by a former officer of the NY Fed. The banks are held
accountable for this conversion. New money is then introduced by the
government spending it into circulation for infrastructure, starting with
the $2.2 trillion the engineers tell us is needed to properly
maintain our infrastructure over the next 5 years. Infrastructure will
include the necessary human infrastructure of health care and education.

Banks are encouraged to continue lending as profit making companies, but are
no longer allowed to create our money supply by loan making activity.

Thus, The American Monetary Act nationalizes the money system, not the
banking system.  Banking is absolutely not a proper function of government,
but providing the nation's money supply is a key function of government. No
one else can do it properly. Talk of nationalizing the banking business may
really act like a poison pill to block real reform.

Despite prejudice against government, most people are surprised to learn
that history shows government has a far superior record in controlling the
money system than private controllers have. And yes that includes the
continental currency, the Greenbacks and even the German
Hyperinflation; which by the way took place under a completely privatized
German central bank!

WHO:  The American Monetary Institute, organized in 1996 as a publicly
supported charitable trust, is the leading U.S. think tank on monetary
history, theory and reform.

WHY:   Because the crisis our present malformed banking and money system has
caused is crying out for reform, not merely regulation. It has visibly
brought the world economy to its knees; it has concentrated wealth to
unacceptable levels, and it now places the future development of humanity at
risk.

WHY? Considering the nature of modern weapons systems, leaving the same
people and families in power risks the survival of the species. Some of them
watching the past 16 years, must realize that. Lets hope they do the right
thing. But lets not depend on it!

...Friends, we are all under pressure in this environment. Stress will cause
illness unless you act. Action will destroy fear! Good action towards truth
will change the world. Join with us to understand the nature of our money
system, how it should be structured and how we
citizens can effect such change. That's what our country's founders would be
doing now if they were of our time. That's what men and women of good will,
can be doing now!

Well that's it for now. Get in touch! Stay in Touch! Read the book. Come
to the conference!
HAPPY FOURTH OF JULY!!
Stephen Zarlenga
AMI
http://www.monetary.org <http://www.monetary.org/>  (free monetary CDs can
be ordered there)

 

 

 

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