A conference invitation from Stephen Zarlenga
Some thoughts from Stephen Zarlenga, Director of the American Monetary Institute:
The “austerity” budgets around the World are making people even more dependent on the immoral banking systems in place, increasing the power of the ruling financiers, and making it more difficult to enact the necessary laws which identify their activities as in fact criminal in nature.
Each time the activities of those holding this power create a financial crisis, there is a general enough realization of the damage they have done. Yet because they hold the monetary power, they use it to own media, influence government, and endow economics chairs with so-called economists; and get away with it yet again. But that system must be reformed – ended – if humanity is to survive and progress!
And understand what “reform” means: It’s certainly not starting more banks, or merely trying to re-instate Glass Steagall which already failed under a Democratic Party President (Clinton) and would fail again in a system that obscenely concentrates wealth and power. Reform is not pretending that money must be debt and that fractional reserve accounting is harmless. The reform that centuries of experience and decades of study show to be necessary is to:
*Nationalize the Federal Reserve System and base it on Government money, not banker debts;
*Decisively stop banks from creating money by ending fractional reserve accounting;
*End the depression too many Americans are in by the government creating and spending money on infrastructure, health care, and education!
That is exactly what former Congressman Kucinich’s N.E.E.D. Act does. The nation needs rebuilding – not foolish and destructive and deadly austerity.
THE AMI 10th ANNUAL MONETARY REFORM CONFERENCE
The 10th Annual AMI Monetary Reform Conference (Oct. 2-5) is taking shape as another outstanding gathering of serious monetary reformers from around the World!
One excellent speaker already committed is Prof. Joseph Huber, Germany’s most important monetary reformer, from Martin Luther University, who has studied and will discuss incremental reform possibilities. (I called him the “Beethoven” of monetary reform – but he warned me I was going too far! Beethoven is almost a God in Germany).
Yesterday I got confirmation that union leader Joseph Pijanowski will also be speaking. Joe is one of the most knowledgeable persons on monetary questions and his Union leadership (Machinists and Aerospace Workers) can help our important initiative with Unions.
For more information go to the website: www.monetary.org