Stephen Zarlenga’s Address to Occupy Together

October 28, 2011

This article is Mr. Zarlenga’s address to be delivered to the patriotic demonstrators occupying various locations in the Midwest and the Northeast in Fall 2011.

Thank you for being here – for this opportunity, and for reminding the world that our nation is on an unjust path of destruction.

We are here protesting the financial rape of our people. We are here protesting the financial rape of our nation. Is that specific and focused enough?

A battle has raged for centuries to control the money system – to dominate society through the money power.

Over time whoever controls the money system controls the nation. They can use that power to grab great wealth, but even more importantly it gives them power over the direction of society- what gets funded and what gets neglected. Will the power be used to repair bridges and levees protecting our cities and providing needed employment; or be channeled into destructive speculation – real estate and Wall Street bubbles and warfare as the banks have usually done?

The money system is society’s greatest dispenser of justice or injustice. A good one supports the creation of values for life. A bad one gives privileges to the few and disadvantages to everyone else. It obscenely concentrates wealth, causing social strife, warfare and a constellation of bad outcomes, including most of the social ills you intend to reform.

Because great power is exercised through the money system, power-hungry elements since ancient times pursued the political ambition to dominate through the money power. Societies must periodically cleanse and reform corrupted systems like ours. The main weapon in this battle is manipulation of language and thought- definitions are heavy artillery. Those benefiting from the corruption fund university economics departments to finance “professionals” (we call them economists) to promote their interests through obscure theories. That’s how this corrupt system has continued for so long, despite its repeated miserable results!

In a word, our money system has been privatized. It promotes its controllers, not the society! Monetary reform, not mere regulation, is urgently needed now. Financial abuses are pervasive and self-evident. Dominant companies focus on usury, not production. Most of our citizens are being ripped off.

Reform is based on an understanding that the nature of money is not a commodity; that money and credit are two very different things. That money is a national issue.
Define money as a commodity – as wealth – then the wealthy will control not only their assets, but the money system itself. Define money as credit, as our present system does, then the bankers will control the system, and just look at the horrible and deadly results! Define money properly as an abstract legal power, as Article I, § 8 of our Constitution does, and control over money can be brought under our system of checks and balances.
Centuries of experience and decades of research that comprise my book, The Lost Science of Money, show what is needed. Chapters 1 to 23 present historical case studies of the use and misuse of money from ancient times to the present. Chapter 24 applies those case studies to reform the present system. In 2004 the AMI began putting those rules into a law. Fifteen rewrites later, it is published as the American Monetary Act.

In 2005 Congressman Dennis Kucinich of Ohio began working on it. A month ago, he and Congressman John Conyers of Michigan introduced it into the United States House of Representatives as the National Emergency Employment Defense (NEED) Act of 2011, HR 2990. It has all the monetary reforms of our American Monetary Act:

First, it dismantles the Federal Reserve System and incorporates it into the US Treasury, where people think it is now.

Second, it removes the accounting privilege banks now have to loan their interest bearing debt into circulation by decisively ending the fractional reserve system. All serious monetary reformers know that to have real reform, we must end the fractional reserve system! The banks no longer create what we use for money.

Third, Congress creates and spends money into circulation for infrastructure, health care and education, starting with the $2.2 trillion the civil engineers tell us we need over the next 5 years.

Inflation is avoided because infrastructure and real goods and services come into existence.

Over 7 million new jobs are created!

That’s it folks. Read it! Tell your friends about it. Make suggestions to improve it if you can.

Additionally, the NEED Act will:
Limit interest rates to 8% including all fees.
End compound interest.
Pay off the National debt as it comes due.
Let the 50 states decide where one fourth of the new money goes each year through per capita federal grants.
Pay a tax-free dividend to every citizen.
Now, imagine if, instead of giving $3 trillion to the banks, they had given it to our people – that’s $10,000 for every American man, woman and child. The recession would be over.

Friends, get yourselves and your representatives out of the banker’s “trick bag.”
Get your Congressman to co-sponsor it!
Ask your national and local leaders to support the NEED Act of 2011, HR 2990!
Thank you!

Edited by Jules Brouillet
Zarlenga is director of the American Monetary Institute and author of The Lost Science of Money. Meet him at The 8th Annual AMI Monetary Reform Conference! Brouillet is a researcher for the American Monetary Institute.

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Make Monetary Reform Happen Now!

October 22, 2011

Dear Friends of the American Monetary Institute,

We now face a major opportunity. Across the country, thousands of Americans, young and old, are demonstrating around the Federal Reserve Banks of Chicago, Dallas, and Boston; Wall Street in NY and in ever more places.

Our 7th Annual AMI Monetary Reform Conference in Chicago was our best yet!  The high energy of our speakers and our participants was “electric.”  Due to the immediacy of action, our conference report will be made available in November.  At the closing of our conference, we asked all attendees to us submit to us a one page plan of what they personally intend to do for monetary reform over the next year.  We ask you to respond with your one page action plans to us, if you have not yet done so.

After the conference ended, Jules Brouillet went to the demonstrations in DC for a week, and then New York for another week.  This is his report:

“Bob Poteat, my mother Carol, and I had great success in advancing monetary reform in Washington.  On my first day in DC, Bob Poteat, Jamie Walton, and I met with Congressman Dennis Kucinich, who described how he would explain to the public our money system in short episodes through his Youtube channel.

Over the following week, Bob, Carol, and I passed out hundreds of flyers to all sorts of people including the protesters at the State Department Keystone XL Pipeline Project public discussion, gave interviews, built support for HR 2990 on the Occupy Freedom Plaza economic democracy working group, marched with Occupy DC onto the US Chamber of Commerce, the IMF, the White House, and the Fed, and lobbied a handful of Congresspeople on the Act.  We saw how the Occupy DC folks are non-hierarchical yet exceptionally self-organized, completely democratic and transparent, and have committed their lives to both their daily success and a better future for all of us.  Their practice of direct democracy by consensus, their complete dedication to nonviolence, their tenacity to overcome all obstacles whether personal or external, is revolutionary, both conceptually and in practice.

During my week in New York, Sue and I spent our energy on getting our message out to the occupiers and the visitors, many of whom were quite unaware of the significance of the juxtaposition of their Zucotti Park encampment with the New York Federal Reserve.  Our flyers and my “Monetary Reform Now!  Do you want Banks to create money for private profit? No? HR 2990 of 2011, Support NEED Act!” sign (courtesy of my mom) were a huge success.  I sat in on the Alternative Economy working group for Occupy Wall Street, who agreed to pass out The Need for Monetary Reform at their table!  Based on my experience of how much we could accomplish in a short time, it is imperative that we all attend the Occupy Together protests now to inform the activists, who will in turn inform the public!”

It is time for each and every one of us to get involved on a personal level.  We need you to do the following:

We are now distributing our flyers for HR 2990 (Print them here) and advocating for monetary reform at rallies nationwide.  Our conference attendees distributed them to Occupy Chicago, Greg Coleridge is handing them out in Cleveland, Bob Poteat is passing them out in both Washington state now.  If your local group holds a daily General Assembly, contact one of the organizers to join their “alternative economy working group.”  The question is, “Can Kucinich Money Bill Provide Focal Point for Protests?” We must respond “Yes!” not with words, but through action!

Send us your reports by email on your successes and informative experiences at the rallies.

Organize people to recruit local leaders for monetary reform and pressure your Congresspersons to cosponsor HR 2990.

Read this truly excellent letter to the editor from John Howell of Athens, OH.  In your own words, write letters to your local newspapers and political blogs!

The American Monetary Institute’s campaign for monetary reform must kick into high gear to pass HR 2990.  That can only be made possible through your continued financial support.  As we currently need a full-time secretary, it would be wonderful if each of you, personal finances permitting, mailed us in this form to set up an automatic $25 (or more) donation per month!  If you would like to contribute in another way, those alternative contribution options are listed here.

We are in great need of your financial support.  We could get so much more done here at the AMI office if everybody gave a little more!

 

Warm regards to you and good luck! Remember this is a non-partisan activity!

 

 

Stephen Zarlenga
AMI