Monday, February 05, 2007

The American Monetary Act

The American Monetary Institute's 2007 Monetary Reform Conference in Chicago will be held from September 27th - 30th
http://www.monetary.org/2007%20conference%20announcement.html

Here is Version 10 of the American Monetary Act which the American Monetary Institute has drawn up for our collective benefit:
http://www.monetary.org/American_Monetary_Act_version_10_feb_06.htm

Update:
In a message to me (in Comments) at my February 9th post, Stephen Zarlenga gave me a link to a better presentation of the American Monetary Act.
http://www.monetary.org/amacolorpamphlet.pdf


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HOW THE FEDERAL RESERVE SYSTEM OPERATES AND WHY IT HAS FAILED

In 1916, just three years after the Federal Reserve System went into operation, President Wilson seems to have suddenly realized what a virtually uncontrollable power monopoly had been vested in the nation's new Federal Reserve System. He wrote:

"A great industrial nation is controlled by its system of credit. Our system of credit is concentrated [in the Federal Reserve System]. The growth of the nation, therefore, and all our activities are in the hands of a few men.... We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world-no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of small groups of dominant men." (Quoted in "National Economy and the Banking System," Senate Documents Co. 3, No. 23, Seventy-sixth Congress, First session, 1939.)

http://blogs.albawaba.com/Alexanderjames/2067/2006/02/23/19948-the_modern_day_babylonian_monetarycredit_system

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