This 4th of July as we proudly celebrate our declaration of independence from the tyranny of a mad Brit King, lets remember the victory a small group of dedicated, courageous men and women achieved against the world's most powerful military of their time.
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It was a victory that appeared extremely improbable at best, as they pledged their lives to fight for its success. And as events and battles were fought, the possibility of a favorable outcome grew even smaller. But at the right moment, help from France turned the tide and the British were defeated.
Defeated militarily, but not monetarily. For soon after the Constitution was ratified, in 1791 the 1st Bank of the United States, a privately owned and privately controlled central bank was put through Congress by Treasury Secretary Alexander Hamilton, modeled on the private Bank of England. The gang around that bank were more dangerous than King George the 3rd; and the Hamilton people thereby insinuated into the New World forces representing the most evolved secular form that evil had attained in the Old World. Thanks a lot Hamilton!
Jefferson fought the bank, helping to bring it down and Burr killed Hamilton over public insults; but privately issued money had gained a foothold in America. It's still here, in control of our monetary system. It's the root cause of most of our social and economic problems. Whenever it caused crises in the past, our government had to come to the rescue. It's latest atrocity is the current monetary, banking and economic crisis, threatening to take the entire world economy down into depression, and destroy the lives of billions of people in the process.
It must end now. This 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
The American Monetary Act 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!
I mentioned that the French played a key part at the start of our nation. Today their gift to us of the Statue of Liberty still plays a crucial role for us and for humanity. The liberty she symbolizes does not exist in our nation. It never really has. The Statue has always been a symbol encouraging us towards the possible. I love that statue and when I stayed in New York, I often anchored my motor boat under it, and some of my fondest memories are of those times as the sun set over New Jersey, still reflecting off the Twin Towers; or anchored under the spectacular fireworks display there during the bicentennial celebration.
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. Thats what our country's founders would be doing now if they were of our time. Thats what men and women of good will, can be doing now!
Stephen Zarlenga.
American Monetary Institute.
www.monetary.org
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