July 6, 2009by 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/>
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!
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!!
http://www.monetary.org (free monetary CDs can be ordered there)
Henry Makow received his Ph.D. in English Literature from the University of Toronto in 1982. He welcomes your comments at