The American Monetary Institute's annual Monetary Reform Conferences have launched the modern grass roots movement for U.S. monetary reform and thereby World reform. Our money system clearly needs a serious overhaul to secure economic justice and peace as we enter the 3rd Millennium. It’s evident that true reform, not mere regulation, is necessary to move humanity back from the brink of nuclear war; away from a World dominated by fraud, warfare and ugliness and toward a World of justice and beauty. The conference focuses on minimum initial steps to begin this process and put time on the side of humanity instead of against us.
Main Themes of the Conference: Implementing Monetary Reform now!
At the forefront of the Conference will be a description of the essential elements of monetary reform needed to “get the snake out of the house.” The American Monetary and Financial Security Act, a program for achieving the reforms will be discussed at length.
We will focus on Congressman Dennis Kucinich’s National Emergency Employment Defense Act (NEED, HR 2990), introduced into Congress on September 21, 2011, which contains all the necessary provisions to achieve real and lasting reform.
This conference will continue to examine the problem of usury. Is it a necessary part of “free market economics,” or is it a destroyer of nations, or is it both? The present false definition of usury as excessive interest, was foisted on economics by Jeremy Bentham, who also devised utilitarianism – dropping morality in favor of supposed results. But the real concept of usury is the anti-social misuse of the money mechanism for private gain. The conference continues to help revive this classical concept of usury and relate it to how our present privatized monetary system malfuntions, for example in creating the present banking crisis. The Kucinich Act, 2990 will limit compound interest!
Because the world is still in danger of sliding into an unimaginable economic disaster, and warfare in the Middle-East, the conference will also focus on how a privately controlled money system such as we presently have in the U.S. leads to warfare by providing the financial motivation for starting unnecessary wars. Everyone has heard that banking and wars are related, but only a handful of people understand how.
A Different Kind of Monetary Conference
The situation in which knowledgeable monetary reformers find ourselves is that after years of studying monetary history and theory, we already know many if not most of the broad shapes that monetary reform should take. We know from experience that these views have stood the test of time and many challenges from those with less experience in the field or operating under misconceptions or pursuing non-reform agendas. Rather than merely arguing over these main themes, it is time for those of us who understand, to move forward to implement those elements that we know must be a part of good reform.
What are these broad national parameters supported by over 3000 years of history? That the control of money systems should shift away from private control toward governmental control. Away from commodity money notions; away from fractional reserve banking – monetizing private credits and loaning them into circulation at interest. Towards money issued interest free by government and spent into circulation for the common good. The system must be morally grounded in fairness. Serious reformers understand that we must replace our private credit system with a government money system, ending whats known as fractional reserve banking.
Not seeking blind trust, we’ll continue educating and explaining why the proposals are beneficial and moral and continue to present the historical evidence demonstrating that. We’ll answer any serious challenges, and those arising from plain misunderstanding. We may invite selected spokesmen for differing reforms to succinctly present their case. But we’ll do it within a context of advancing the real reform agenda, making necessary adjustments as we proceed. We will not waste our participants time! Dissenters obviously don’t have to join in the reform phase; but neither need we procrastinate, waiting for all to experience their monetary epiphanies, before moving forward. The direction of world events requires that we advance monetary reform now.