|Dear Friends of the American Monetary
This is our 2011 Conference brochure and schedule. Photos, bios and
subjects of speakers are presented
first; the actual schedule of their speaking times is at the very end.
times of speakers talks are subject to some alteration.
A few continuing confirmations of outstanding speakers may still come
Congressman Dennis Kucinich said llast week, that this week (Sept.
12-19) he will re-introduce HR 6550 which
reforms our money system on the lines advocated by the AMI. It turns
a corrupt private debt system based on privately created debt into a
government money system based on government created money.
Several talks will focus on
what HR 6550 will do for America and how we can help get it passed into
law. The banking disaster, created and perpetuated
by false people and false economic and monetary ideas, now pose a
clear and present danger to the survival of the species. We'll
transform the disaster they created into an
opportunity to achieve real and lasting reforms for humanity. We'll
focus on why a moral approach is at the heart of successful reform. To
the fools and worse - who still support their falsehood, we say "Stop
doing evil -
Learn to do good!"
Time is short but its still possible to register for the conference.
There are 15 or so spaces left.
Zarlenga opens the Conference:
Purpose, Objectives and Methodology
| Stephen Zarlenga
and co-founder of the American
Monetary Institute in 1996; author of The Lost Science of
Money book; and the Refutation
Theory of the Origin of Money; and Greening the Dollar,
his presentation at the U.S. Green Party's July 2007 National
Convention; plus various
articles and speeches; presents the background; objectives; methodology
of the AMI and the Conference agenda and
goals. An overview of what the AMI has
accomplished since its founding in 1996, and our
challenges and plans for the future.
Yamaguchi will again travel from Japan to present his continuing
Economic Modelling of
the American Monetary Act
Prof. Kaoru Yamaguchi
Yamaguchi has completed an important task that
significantly advances the process of monetary reform - he created an
economic model of implementing the American
Monetary Act. This includes the results of paying off the US
national debt as it comes due, through provisions of the Act. Professor
Yamaguchi heads the System Dynamics Group of the Doshisha Business
School at Doshisha University in Kyoto Japan. He wrote us that:
pleased to let you know that my macroeconomic model on the American
Monetary Act which was presented last week at the plenary session of
the System Dynamics International Conference in Seoul (2010), being
by more than 300 researchers, was well received, judging from the
audience feedback following my talk."
On July 26th, the Same International Conference asked him to speak on
this matter again, at their meeting in Washington, DC. Prof. Yamaguchi
also took time to make a well received briefing to a packed room at the
Cannon House Office Building in Washington DC, to
Michael Clark speaks on:
International Ramifications of Monetary
Clark, is in charge of UNCTAD of the United Nations. He is the man who
the issue of 240 billion new SDRs by the International Monetary
Fund, though they had only issued 21 billion of them since inception in
January 1970. A fascinating story in itself, which we hope he will
relate. Dr. Clark's
participation will be dependent on a very full work schedule, (e.g.
crisis meetings in Europe) coming to
a head at the time of our conference, as well as
other possible international emergencies.
Dr. Clark will focus on the international implications of monetary
reform, including how the IMF structure and operating procedures may be
revamped to become a positive factor in monetary reform.
Joseph Huber addressses "Post-Crisis Measures
and Monetary Reform"
the necessity and crucial importance
"fractional reserve banking,"
what he regards as the monetary "cause of
causes" of financial crises.
Prof. Joseph Huber
Joseph Huber is the key monetary reformer of Germany. He is
Chairman of the Economic Sociology Department at Martin Luther
University at Halle an der Saale in Germany. Becoming tenured in 1991,
he previously worked as policy advisor to various governments. In the
90s he developed what's known as the "Plain Money" approach to monetary
reform, and (working with James Robertson of the UK) seigniorage reform
from 1999. His talk discusses various remedies proposed after the
2007-09 crisis and how they miss the crucial point - the monetary
"cause of causes" which is fractional reserve banking. His talk then
focuses on overcoming fractional reserve banking and thereby putting an
end to the bank's ability to create additional means of payment,
thereby strongly fuelling whats known as asset price inflation, causing
for example, the real estate bubble which created ridiculous prices for
real estate; and continuing stock market bubbles.
Tideman, will speak on
Dealing with the
Concerns for a Possible Collapse of the
his Ph.D. from the University of Chicago (where he studied under
Friedman and others); taught at Harvard and served as Senior Staff
at the President’s Council of Economic Advisors before moving to
in 1973. He has been Professor of Economics
there since 1985. While his research has
focused primarily on urban economics, public finance, voting rules and
justice, in 1975 he collaborated with Nobel Laureate James Buchanan in
on “Gold, Money and the Law.” His topic is Dealing with Concern
for the Possible Collapse of the
Nic is a
American Monetary Institute. Note - neither the AMI nor Prof. Tideman
is predicting or expecting a collapse of the Dollar.
Market Failure, Public Choice, and the
Bergman, economist and formerly an official at the
Federal Reserve Bank of Chicago,
until he became a whistleblower on improper Federal Reserve practices.
This year he will
review the basic forms of
market failures, outline the perspective of the public choice school of
economics on market failure and the role of government, and then
examples of government as a borrower and lender of money in that light.
Poteat speaks on:
for Monetary Reform
Poteat is one of America's most knowledgeable, reality based experts on
money system. A long term and meticulous monetary researcher,
certainly among the top half dozen in America in awareness of monetary
systems, and the leader of AMI's Northwest Chapters. Money has ceased
to be a just means of exchange, if it ever was, and
has become, or still is, a means of power and control.
seventeen years (Bank of England) of private monetization of government
debt as a
monetary base has brought the world to an unsustainable level of
intellectual corruption, inequity, injustice, plunder, violence,
pollution. It is time to reform it. Bob
the American Monetary Act is needed in
order to help resolve the greatest crises we now face.
Bob is a senior advisor
to the American Montary Institute, and a recipient of the AMI Lifetime
St. Pierre speaks on:
into Action - Presenting the American
the People and to Congress
Michele St. Pierre, thoughtful leader of
successful Ron Paul movement in north Washington State, will
tell us how HR 1207 (the Audit the Fed Bill) gained a
majority of Congressional co-sponsors through the efforts of Campaign
for Liberty throughout the country. This important talk will discuss:
Tea Party movement's significance to monetary
reform. They see the debt, but don’t understand how we got there. When
explain the fraudulent monetary system they become enthused about
the Fed – what happened and where we go now. Washington
Democratic and Republican State Conventions
both passed resolutions to audit the Fed! Michele will explain how that
* Mobilizing a coalition grassroots army to pass monetary
reform legislation. How it's getting done
in Washington State and how to cookie cutter that around the country.
and educating candidates on monetary
reform. Why it's a key campaign issue, which can lead to them winning
elections – who's on our side and how do we
a bill passed when you don't have the majority. The power of the
committed, tireless minority.
party politics works and how to take over a
party. The party wants you to think that the Leadership runs things,
the truth is that the power lies with the people, if only they would
* There are no solutions without a political solution.
Reform in Great Britain - Objectives, Methods
A Sad Kitty
| Ben Dyson, head
of the "Positive Money" reform organization is
the lead British
monetary reformer, working closely with James Robertson, and Richard
Werner, and James Gibb Stuart; specializing
in the necessary accounting techniques
to achieve monetary reform by allowing banks to make loans without
creating money. In other words, ending
fractional reserve banking. Ben will take some time
from his full UK reform schedule to come across the "pond" to bring us
up to date on the rapid progress and
the "Positive Money"
campaign which he heads.
He will discuss the necessity to shift the terms of debate, presenting
current monetary system as indefensible.
He will talk about the importance of the Internet and how to use
it to get the message out and coordinate local campaign groups. Ben Dyson's visit has been made possible
by the James Gibb Stuart Trust, an educational charity registered in
the United Kingdom.
Ben's group, Positive
Money, has brought super communication skills to
bear on eradicating "fractional reserve banking" - arguably the most
serious social disease now afflicting humanity!
Dreby speaks on:
Growth Dilemma and the Monetary System
growth to provide prosperity. Yet
economies are already larger than earth’s commonwealth of life can
support, and more growth seems mainly to enrich the very rich.
Those with plenty are urged to acquire still more,
and those in debt, to borrow more, while many of the working poor are
improve their condition. Why is there an inadequate response to
that we are destroying our
species’ ecological foundations? How our debt-based monetary system is
at the root of these problems, and how the Quakers in Philadelphia
intend to respond.
Ed Dreby; former
teacher and administrator; 15 years educating through the
Society of Friends for a just and ecological sustainability;
member of the National Council of Churches Eco-Justice Working Group,
to 2002; Coordinator of the PA Council of Churches’ Climate Campaign
to 2002. Since 2003, he has led a project on Friends Testimonies and
Economics; has written several Quaker Eco-Bulletins on the money
system; and published “Seeds of Violence, Seeds of Hope,” a
the Reforms Instituted
Duncan, British Columbia, (Long term monetary scholar), presents the
neglected story of Gerald G. McGeer, "father" of the Bank of Canada,
who instituted major monetary reforms on the lines of the American
Monetary Act. Canada used them successfully for decades, getting out of
the Great Depression before
the US and Great Britain. The great unrecognized importance of
that Canada is a big industrial country not a tiny island (Guernsey).
Thus the example of workability has far reaching and unignorable
consequences for the rest of the world.
Then in the 1970s Hayekian idealogues attacked them theoretically,
with negative effect on all Canadians. This is why such economists love
to concentrate and wallow in theory, and then ignore the facts. This
factual aspect of Will's Talk, presented by video since travel is
show the error in methodology which economics generally makes,
and then ignores the ill effect on humanity.
Distelhorst presents by video: Why
Distelhorst, our dear friend and long term monetary reformer, passed
away in February 2011, in his 90th year. Dick prepared a last video for
us explaining exactly how to proceed in gaining passage of the
was among the most knowledgeable Americans
workings of our monetary system and his presentation last year brought
the audience to its feet. This year we'll show that video: "Our
nation and its people cannot survive the continuance of the
present privately-owned, debt-based monetary system. Either we kill
that system now or it will kill our representative democracy. That is
the stark choice now facing us. There is no doubt that the solution to
our economic and social justice problems is to institute the debt-free
monetary system proposed in the American Monetary Act."
The AMI will announce
Award for Excellence in Monetary Reform to be awarded when conditions
Walton speaks on:
Act - Why all Three Elements are necessary,
they will do
a very serious money reformer from New
Zealand, will describe why all three elements of the American Monetary
Act are necessary. Those three elements of this single reform are:
Incorporation of the Federal Reserve into the U.S. Treasury;
* Changes in
lending accounting rules so that banks no longer create any
part of the money supply;
* New money
needed in a developing society is introduced by government
spending money into circulation on
things like infrastructure, starting with the $2.2 trillion our
engineers (ASCE) tell us is needed over the next 5 years. Also included
will be the "human
infrastructure" of education and health care. Jamie
is an experienced civil engineer, and an AMI Researcher; he wrote the
definitive expose showing why the
proposal for states to go into the banking business is a distraction
that reforms nothing, at this critical moment when reform is possible
(see Ami homepage).
Coleridge speaks on a crucially important theme too often ignored by
Our Place in the Monetary Reform Movement
for monetary reform is in full swing. It consists
of diverse strategies, tactics, actors and organizations - some of
complement while others compete with each other. What is our
that movement? How to maximize our energies? Collaborate where
possible? Go it
when needed? And how do we best connect our effort to democratize the US
system with other movements to democratize other elements of our
is Director of the Northeast Ohio American Friends Service Committee
(Quakers). He is on the National Steering Committee of the Move to
Amend / Campaign to Legalize Democracy Program on Corporations, Law
& Democracy (POCLAD) national collective.
Brouillet examines Strategy for the
Monetary Reform Movement
to assisting in AMI research and operations, in 2011 Jules Brouillet
with the AMI Chicago Chapter, Moveon.org, and US Uncut, and other local
to effect monetary reform. He has written on financial market
privatization, public health policy, and grassroots organizing.
will speak on AMI’s 2010 and 2011 successes. How did they happen and
how can we
We at AMI have the
economic know-how and the legal
expertise to define money, account for the mishandling of the money
throughout history, counter Trojan Horse monetary reform proposals, and
real monetary reform bill into the Congress- we need only train our
muscle to make reform into reality! How can a non-partisan
corrupt, partisan officials in Washington
to approve real reforms? Why and how Fractional Reserve banking must be
made illegal, How every one of us can use our unique
and strengths to grow monetary reform? How can we grow this into a
national movement that cannot be ignored by a press whose primary
responsibility is to preserve the status quo? How can we activate
millions of adult Americans with imaginations destroyed, childhoods
and communities splintered by our education system?
Hudson speaks on:
Crises: Debts That Can't be
Paid, Won't be Paid!
Imperialism and Global Fracture;
editor, Debt and
Economic Renewal in the
Ancient Near East; economic commentator for National Public
Radio; distinguished Professor of Economics, University of Missouri,
and Chief Economic Advisor to the 2008 Kucinich for President campaign.
Hudson was the first to
identify the mechanism of "Dollar Imperialism" through the U.S. balance
of payments deficits. Always sharp and on target, just before the
conference Prof. Hudson will have
returned from a trip to Russia and his
talk will focus on the coming momentous and timely monetary
developments in Europe.
Dr. Norman Ehrentreich,
Quantitative Investment Analyst, speaks on
Future of Our Pensions- Why are the Disappearing?
Dr. Norman Ehrentreich, born in East
Germany, served as a
quantitative investment analyst in the fixed income departments of
Investments houses; responsible for
forecasting the interest rate
decisions of the Federal Reserve's Open Market
Bad “public” governance structures and a misapplication of
economic and financial theories by consultants fostered a gambling
mentality among all parties at the bargaining table. Sound investment
advice has been systematically ignored.
He will talk about his experience with pension reform on the
national as well on the state level and will describe how public
pensions are trying to pick the advantages of two mutually exclusive
pension systems while avoiding their disadvantages.
Dr. Cay Hehner,
Henry George School of Social Science, NY.
How Henry George Scholars view the Crash - Causes and Solutions.
holds a Masters degree in Economics
and Phd in Social Science and Languages (Magna Cum Laude) on the
Ideological Origin of the Holocaust and the Intellectual Resistance,
Free University, Berlin. He has taught languages and
economics in Berlin, Milan, Rome and New York, and has done extensive
work as a Television writer/producer including with The Discovery
He summarizes the Georgist viewpoint ragarding how land speculation is
an ongoing cause of monetary collapse & of
global economic & ecological calamity.
of the Industrial Areas Foundation (IAF)
for Power, Action and Justice
Chambers is a philosopher, political organizer, and author
of "Roots for Radicals: Organizing for Power, Action and Justice", the
advanced source book
for achieving progressive goals. Dr.
Chambers trained Barack Obama in street organizing
moved from the Harvard Law Review to Chicago's South Side; and
difference between what
is, and what
should be! Ed discusses
principles of organization that can apply to monetary
reform. The IAF, founded by the late Saul Alinsky, has an exceptionally
strong record in getting movements
started and into self financing positions of
The Potential For Monetary Reforms in the European Union
of Christoph von
"Beginning with a short introduction to the European Central
Bank and the
Maastricht Treaty / Stability and Growth Pact, I will outline the
reserve system. After addressing the current national debt crisis (Greece,
in the EU, the potential for a monetary reform will be discussed."
Since 2010, Christoph Freydorf is research assistant and Ph.D. student
Chair of Financial Sciences and Fiscal Sociology at the University of
Germany. His research project focuses on mapping the interdependencies
trade-offs between several functions of monetary systems
in order to outline the potential for and general limitations of
Besides his personal research, he is giving seminars on the history
economic thought, heterodox economics and complementary currencies.
Walsh discusses how
Spartan Money Demonstrates
Money Need Not Be
leading Chicago educator and
expert authority on New England Colonial moneys, at recent conferences
out of thin air. This subject has been complicated by counterintuitive
bank accounting terminology (it could be called "logomachy") and by
completely unjust mechanisms, counter to the public good. Presenting it
to an audience is usually like leading them into a pit of quicksand.
This year Steven discusses how the Spartan money system shows that
money need not be of precious metal.
Pash speaks on:
Economic Principles as Guidelines for Macroeconomic Decision Making
the failures of both socialism and laissez-faire, libertarian
economics," writes Mark Pash, who will highlight
those key principles. He is a Certified
with a Bachelors and Masters in Business Administration, from UCLA and
USC respectively, and who served as an officer in the US Army
Quartermaster Corp. For 40 years he has helped
clients in all areas of financial planning, founding
financial organizations. He is Managing Director of NPB Financial
LLC and has served as an officer of
various industry associations. His
unique background brings a grounded understanding of the practical and
theoretical. Long involved
in politics, Mark has been active in politics and was once a Congressional
candidate. He has politically
advocated monetary reform for almost twenty years.
Director of the American Monetary Institute, spoke last year on how
"Economics Has Become a
Clandestine Religion, Not a Science."
This year he focuses on The
Chicago Plan - precursor to the American Monetary Act
world economy is wrecked by false monetary, banking and
economic theories, yet major media continues to evaluate economists'
proposals as though they know what they're doing. The
farce continues partly
because it would be very scary
to admit how mismanaged the nation's economy really is! We
examined how it happenned - and how Ayn Rand and her
disciple Alan Greenspan managed to bring down the world economy, with
merely a bunch of words - with logomachy!
This year: Learning from the 1934 "Chicago Plan;" similarities to the
American Montary Act; How they promoted it; and Avoiding mistakes they
made in not getting it passed into law.
AMI Panel discussion on Proposed
Act: Outline of the three main, uncompromisable elements of the act -
the minimum actions necessary to place time on the side of justice and
Robert Poteat, Steven
Walton and others will discuss The
Monetary Act and how to advance it.
An important discussion focuses on
organizing AMI Chapters around the country.
Here is the full program
Thursday 29th September PM:
of what the AMI is, What
we are doing and Why
1:00 PM Stephen
Zarlenga opens the Conference with:
Purpose, Objectives and Methodology
Robert Poteat on
The Case for Monetary Reform
2:30 To be announced
3:15 Dick Distelhorst (by video presented by Glenn Fritz) on
Why Monetary Reform Can't Wait
4:00 Jules Brouillet on
The Green Party's Monetary Reform Plank and
Strategy for the Monetary Reform Movement
4:30 Panel with Poteat,
Walsh, Walton, Zarlenga and Brouillet
PM - 8:30 PM Get
fruits & veggies, rolls & crackers, cold cuts, cheeses
and some tasty salads. Special
University Center Punch - Don't ask!! A few acknowledgement comments,
perhaps some entertainment! Dress:
your choice from informal to fancy.
Friday 30th September AM:
and understanding our Money and Banking System
9:00 AM Greg
Finding Our Place in the Monetary Reform Movement
9:45 Prof. Kaoru Yamaguchi presents
Economic Modelling of the American Monetary Act
Failure, Public Choice, and the
11:30 Will Abrams
presents by Video on
Does Canada Need
12 noon - break for lunch
Results with Non-Partisan Political Action
1:00 PM Michele St. Pierre on
Turning Talk into Political Action
1:45 Ed Dreby on
The Growth Dilemma and the Monetary System
Dr. Norman Ehrentreich on
3:00 Coffee Break
The Cause and Cure of Monetary
3:15 Mark Pash on
Progressive Guidelines for Monetary Reform
Joe Bongiovanni on
How and Why
to Blog Intelligently
Then Joe moderates himself, Ben Dyson, and Glen Fritz, starting
with descriptions by each, of their
4:30 Michele St.
Pierre, Mark Pash,
Carol Brouillet, Geraldine Perry and Warren
Chamberlain join in the panel, each describing
5:00 Steven Walsh on
Spartan Money Demonstrates Money Need Not Be
The Potential For Monetary Reforms in the European Union
6:30 Break to go out for Dinner
9:00 AM Ben Dyson on
Developments in British Monetary Reform
10:00 Michael Hudson on
Can't Be Paid, Wont Be Paid!
11:00 Michael Clark speaks on
International Monetary Fund Developments
- break for lunch
Joseph Huber on"Post-Crisis
and Monetary Reform"
Walton on The
American Monetary Act
3:15 Coffee Break
3:30 Prof. Nicolaus Tideman on
for a Possible $ Collapse
4:15 Cay Hehner on How the Georgists
view the Crash
International Panel including Prof. Kaoru Yamaguchi, and Joseph
Huber; Michael Hudson; Michael Clark; Ed Stuart; Robert Poteat;
Jamie Walton; , moderated by S. Zarlenga.
7:00 PM Gala Dinner and Awards Ceremony
featuring Special Guest Speaker
Session and Critiques by participants
9:45 AMI Chapters:
How - Why - Where - What
Materials: Books, CDs, Brochures Can Help
(Zarlenga, Poteat, Walton, Dyson, Walsh, Brouillet,Fritz)
of the Industrial Areas Foundation (IAF)
for Power, Action and Justice
11:00 AM Stephen Zarlenga Closes the
outlining some objectives until the next conference, September 27-30,
Participants take readily
available taxis for the 3 mile trip to North Avenue Beach
where our beach
barbecue party is already set up and cooking, 250 yards South of the
under the trees in
the grassy area. Shade and chairs available. This event is somewhat
weather dependent, however there is a covered area at the Beach House if
it rains. The one mile swim
be limited to expert swimmers, as
the Park District sometimes removes many of the
exit ladders early, normally 40 yards apart. They may be one quarter
Beach Party Barbecue is
underway at the North Avenue Beach, 200 yards south of the beachhouse
in the tree and grass arrea.
Challenges , horseshoes; badminton; volleyball.
PM - 5 PM Beach
that Lake Michigan and the weather
Ledge of Chicago's world
renowned Oak Street Beach
Zarlenga's summertime office is located under an umbrella just beneath
the bottom middle of the photo. This is where we keep
stay in shape -
physically and spiritually! It's exactly one mile to
the sand and back, with ladders
every 40 yards. We'll have hot dogs,
sausages, and a vegetarian alternative; volleyball;
one mile swim challenge (if Lake Michigan co-operates)
and an alternate one mile walk. A Magnificent Mile
to each serious
swimmer, and maybe some walkers! We'll have the swim, as
long as wind and wave
conditions permit. Swimmers should bring good
goggles, a bathing cap really helps keep
you warm, ear plugs and a
R.Simpson in waves and
1/2 mile later arriving at Oak St. Beach. Zarlenga arrives at
beach. 2006 swimmers S.
Zarlenga, R. Simpson, S.Walsh and G. Rinecker.
Ben Gisin and
Waves were near maximum
Elizabeth, Stephen and Alistair
for the swim challenge to go
Congressman Dennis Kucinich and Dr.
Congressman Kucinich &
unidentified Red Head
Registration Form is below!
7th Annual Conference
here for a printer friendly registration form
is my $______ registration donation for the 2011 AMI Monetary Reform
Conference in Chicago, Sept.
29-Oct. 2, 2010. Minimum
donation $395* per person.
Ask about student discounts and whether scholarships are available!
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American Monetary Institute as part of its responsibility in sponsoring
Conference reserves the right at its sole discretion and without public
private explanation, to restrict attendance at this Conference to
considers will enhance the purposes of the meeting, as detailed above.
Participants should understand and be in agreement that the conference
will stay focused on monetary system questions and will not be diverted
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Please send me a copy of The
Lost Science of Money book by
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