“Over time, whoever controls the money system,
controls the nation.”
- Stephen Zarlenga, Director
The American Monetary Institute is a publicly supported charity founded in 1996. The real outcomes in society – whether there will be general economic justice or corrupt financial privileges for the few – are usually determined by the structure of a society’s monetary system.
September 21, 2011 – Congressman Dennis Kucinich introduced an employment bill reforming our money system: The NEED Act proposes a historic money reform, containing all the monetary provisions of the American Monetary Act including ending “fractional reserve” banking.
The American Monetary Institute sincerely asks that you please click and read this post, and act on it. Please don’t be offended by some of the language we have had to use to convey the message!
This can happen quickly! Good jobs in infrastructure, education, health care, R&D, etc.
The N.E.E.D. Act gives an Immediate, Seamless and Non-Disruptive Overnight Transition from a Crisis-Prone
Bank Debt System to a Stable Government Money System.
This elegant and simple law will overnight convert our unjust crisis prone bank debt money system into a pure, reliable U.S. money system. Here is how that happens when its’ passed into law.
AMI’s Monetary Reform Brochure with explanations, historical background, the full text of the NEED Act; answers to the 20 most frequently asked questions; and how you can get involved. It also has our Intro to Monetary Reform. This brochure has the “intellectual power” to solve our nation’s greatest problems, from Jobs to Justice; from Energy to Environment; etc. Really! But it needs YOU, for the POLITICAL POWER! Please read it and help!
NEW! Robert Poteat and Stephen Zarlenga’s piece on “The Nature of Money” for the Journal of Islamic Economics
(Click the Squirrel to sign the petition!)
This brilliant paper from Prof. Joseph Huber to the 2013 AMI Conference, analyzes MMT and shows how MMT fails to seek real monetary reform. This landmark paper was sent by the Real World Economics Review to its 23,924 subscribers! MMT thinks they can ignore it.
This is Michael Kumhof’s first paper in his new position at the Bank of England in London, continuing his groundbreaking work on money and banking.
“Money Creation in the Modern Economy” by: McLeay, Radia and Thomas, The Bank Of England, a Government Bank
Since its nationalization in 1946 after WWII, the Bank of England presents its first quarter 2014 bulletin, exactly how banks create “money” out of thin air when they make loans.
A Viable Solution to the Economic Crisis, by Robert Poteat of the AMI, takes on the crisis creating Federal Reserve Banking System and presents a viable alternative and solution to it in Kucinich’s N.E.E.D. Act (National Emergency Employment Defense Act).
To receive your videos of the event, please see our fundraising note and video order form.
Click here to hear Stephen Zarlenga’s Cooper Union radio interview for
OCCUPY WALL St.
The AMI evaluation of Modern Monetary Theory (MMT) addresses the issues that arise over MMT’s misguided views on monetary facts, and its gross error in assuming that all money must be debt. That alone is all that’s necessary to wreck a monetary system and turn it into a wealth concentrating engine – into the “wrong” hands!
Zarlenga’s address to the US Treasury entitled “Solution to the State’s Fiscal Crises”.
For the first time, a major political party has a platform plank (2012) supporting real monetary reform, which includes the major provisions of the American Monetary Act. This momentous progress came as a direct result of director Stephen Zarlenga’s speech.
The necessary steps to fixing the monetary system established in HR 2990 were used as a guideline by the Green Party to create and approve this monetary reform plank.
Zarlenga’s address to the House of Lords entitled “Monetary Justice Using Publicly Created Money to Fund Public Projects”.
Professor Yamaguchi (Berkeley, Doshisha Universities) shows that Kucinich’s HR 2990 NEED Act: (1) Provides the funding for infrastructure repair (which solves the unemployment crisis) (2) Pays off the national debt as it comes due (3) Does this without inflation! Click here to watch a video of Professor Yamaguchi’s presentation to the 2010 AMI Conference. Wow!
(Art. 1, Sect. 8, Par. 5) by Robert Natelson
Here are some of our most important achievements to date, made possible by the support of our generous donors who have contributed time and resources throughout the years.
- The Need for Monetary Reform is a brief summary of monetary reform.
- Is the Federal Reserve System a Governmental or a Privately Controlled Organization?
- The Chicago Plan Revisited, Michael Kumhof (Deputy Division Chief, Modeling Dept., IMF) applies modern computer modeling to the Chicago Plan, which support the monetary reforms of HR 2990 and dispel the widespread fears of inflation under a government money system. Click here to watch Dr. Kumhof’s well-received talk at the 2013 EEA conference session hosted by the American Monetary Institute.
- The Chicago Plan and the American Monetary Act (now the NEED Act), written by Stephen Zarlenga and presented at the inaugural 2005 AMI Monetary Reform Conference.
- The Volcker Question is asked by AMI Director, Stephen Zarlenga, on November 17th, 2014 in New York.
- A Critique of Innes’ Credit Theory of Money, by Stephen Zarlenga, which explodes (or “discredits”) the prevailing economists notion that it is OK to use “debt” in place of “money.”
- Why States Going Into The Banking Business Would Be A Distraction, Not A Solution To The Nation’s Monetary Problem, This article is a comprehensive critique of the wrongheaded notion that instead of fixing the problem, governments should go into the banking business!
- The Boston Federal Reserve Bank’s 2011 study echoes Walton’s earlier paper criticizing the Bank of North Dakota as misleadingly used as a “panacea.” Be careful folks!
- A Critical Review of Ellen Brown’s book, Web of Debt. Sorry Progressives, but there are major, self-defeating problems with her approach – consistently a distraction, not a solution. Be careful folks!
Helpful Monetary Reform Materials
- CLICK HERE TO SEE VIDEO OF THE NEW SCHOOL MONETARY CONFERENCE
- Action Materials for Demonstrations Across the Nation
- Reaching Local Officials/Civic Organizations on HR 2990
- Videos of the 2012 AMI Monetary Reform Conference
- AMI Educational Materials Shop