|Dear Friends of the
The 9th Annual AMI Monetary Reform Conference (Sept. 19-22,
2013) is taking shape as one of our best conferences ever. The
confirmed speakers are monetary reform
leaders presently involved in guiding monetary reform around the world
(listed below). These people are on the front lines of monetary
reform, and will share their thinking and experiences in a relaxed
atmosphere with time for in depth questions and answers. They will participate in several
panels with the idea of arriving at general and specific features
that true reform needs to achieve.
by false economic and monetary ideas, can be seen as
posing a real danger to the survival of the species. Our goal is to
transform the ongoing disaster created by a mistructured banking and
money system, into an
opportunity to achieve real and lasting reforms for mankind.
Regular working people seem to understand that a moral approach
is needed to lead
future worthy of humanity. Around the World they are way ahead of their
leadership, which ignores moral considerations, seeming to rely on
media dominance to hold onto undeserved privileges for a tiny part of
the population. But clearly, in
order for the
financial crisis to have occurred,
thousands of financiers had to break our nation's very serious laws;
and yet not
a single one
of them has been charged for those crimes.
Using debt in place of money, as our present system does, is at the
base of the problem. The conference will discuss why that should be
changed, how that can be accomplished with minimal disruption, and
important moves in that direction by key people around the World.
We have a once in several generations opportunity to fix an
obviously flawed money system, that is causing so much pain and
hardship among a
growing section of our people. It is time to fix our monetary and
banking system! Come and find out how, and the role you might play in
We proudly announce
our confirmed speakers:
Joseph Huber addresses
Money - Interest-bearing Credit or
|Prof. Joseph Huber of
Martin-Luther University of Hall-Wittenberg, Germany's most important
monetary reformer. Founder of monetative.de,
Berlin, a monetary reform initiative. In the '90s he developed a new
currency-school approach to overcome fractional reserve banking. Prof.
Huber has been working with James Robertson on UK and European monetary
reform since 1999, on behalf of the New Economics Foundation, London
(report Creating New Money).
His talk, Modern Money -
Interest-bearing Credit or Debt-free Currency?,
starts from certain assumptions of Modern Money
Theory, and the views on
money, credit, and debt and MMT's belittlement of the dysfunctions of
the present mixed-money system on a basis of fractional reserve. He
compares this against the analyses given by contemporary monetary
reformers who actually stand for a transition from banks'
credit-created money to debt-free sovereign money. Prof. Huber has
launched an important new website at www.sovereignmoney.eu
explain monetary reform to all.
Michael Kumhof speaks on
A Modern Evaluation of the "Chicago Plan"
| Dr. Michael Kumhof
Kumhof is the Deputy Division Chief , of the modeling Division, of the
Research Department of the International Monetary Fund (the IMF).
He will again present the important results of his
"modelling" of the Chicago Plan
proposal of the 1930s, when applied to the modern U.S. financial system
(data through 2006).
Dr. Kumhof's IMF Working Paper "The Chicago Plan Revisited" has swept
through the World's economic community, including at two presentations
the Bank of England, and numerous conferences in America and Europe.
The Chicago Plan was designed and promoted by our best
economists in the 1930s (Henry Simons, Irving Fisher, Douglas, et al), to get our
nation out of the Great Depression. The Chicago Plan is the
precursor and model of both the American Monetary Act, and
Congressman Kucinich's "NEED Act" (National Emergency
Employment Defense Act), from the 112th Congress,
Yamaguchi will travel from Japan to speak on:
Public vs Debt Money Systems
- the American Monetary Act in a Nutshell -
Yamaguchi has continued to refine
advanced modelling system to project how HR 2990 will achieve
monetary reform. He concluded it will: pay off the US
national debt as it comes due; provide the funding for infrastructure,
which solves the unemployment problem; and does these things without
Yamaguchi has headed the System Dynamics Group of the Doshisha Business
School at Doshisha University in Kyoto Japan. He presented his macroeconomic model on the to a plenary session of
the System Dynamics International Conference in Seoul (2010), being
by more than 300 researchers. It was so well received that on July
26th, the same International Conference asked him to speak on
this matter again, at their meeting in Washington, DC.
Prof. Yamaguchi made a well received briefing to a packed room at the
Cannon House Office Building in Washington DC, to
congressional aides. This year
he presents his updated study of the American Monetary Act, which also
revisits the 1930s Chicago Plan.
Keen of Australia will
How Central Banks and Banking
Systems Really Work
Steve Keen who won the
inaugural (Paul) Revere Award for giving an early warning
(2005) of the debt-deflation collapse. He
has built a growing reputation
as a rare deep thinker on how monetary systems really work, not
just how the central banks have said they work.
Thus his blog has over 50,000
followers. Keen is a must-see
for theorists and investors involved in markets of all types, including
has served as Associate Professor, School of Economics & Finance,
of Western Sydney, Australia. In December
2005, drawing on
theoretical paper, and convinced that a financial crisis was fast
approaching, Keen went high-profile public with his analysis and
predictions. He registered the webpage www.debtdeflation.com
to analyzing the “global debt bubble”, which soon attracted a large
In December 2012, Dr. Keen delivered a Congressional Briefing to
Congressmen and aides in Washington DC, sponsored by Congressman
Dennis Kucinich; which warned of the dangers of a "sequestration."
Prof. Keen will appear at our conference via skype, with full facility
for questions and answers.
Prof. Richard Werner will
involved in getting European monetary authorities to forget Austerity.
|Professor Richard Werner
emerged as the central figure advising monetary authorities of the
European money system to cease their destructive austerity programs.
He is Chair of International Banking and founding Director of the
Centre for Banking, Finance, and Sustainable Development at the
University of Southampton. His book Princes of the Yen became a
no. 1 bestseller in Japan. His 2005 book New
Paradigm in Macroeconomics (Palgrave Macmillan) correctly
predicted the collapse of the UK banking system and property market and
suggested workable solutions. Areas of research
include banking, monetary economics, the global financial crisis:
causes, consequences and solutions; determinants of real estate prices
in the UK and Japan; and monetary policy implementation in China. This talk presents a rare opportunity to understand the
decision making process in the European Monetary Union.
Tideman will speak on
his Ph.D. from the University of Chicago, where he studied under
Friedman and others. He taught at Harvard and served as Staff
at the President’s Council of Economic Advisors at the White House,
before moving to
in 1973, where he has been Professor of Economics since 1985.
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.”
American Monetary Institute.
His recent work, which became apparent at the AMI Cooper Union Monetary
Reform Event, in May, is establishing Nic as among the foremost
professors of Economics discussing monetary reform. This talk will show
Hudson speaks on
The New Bankers "Game" - Setting Up "Toll Booths" Across The
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. Prof. Hudson will share his important latest
observations on what the banking establishment is up to now.
Purpose, Objectives and Methodology
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; a Critique of A. M. Innes
debt in place of money, and Greening the Dollar,
articles and speeches; presents the background; objectives; methodology
of the AMI and the Conference agenda and
goals. His introduction will include an overview of what the AMI has
accomplished since its founding in 1996, how we worked with Congressman
Dennis Kucinich to get HR 2990 introduced, and our
challenges and plans for the future.
Later in the program he will present a discussion of the minimal
elements necessary to achieve lasting monetary reform.
Walton speaks on
The Requirements for Monetary Reform -
Which Elements are Necessary,
Walton, worked the last two years in Congressman Dennis Kucinich's
put the HR 2990 bill together, will describe how its various
elements would work. The three
elements of this single reform are:
Incorporation of the Federal Reserve into the U.S. Treasury;
lending accounting rules so that banks no longer create any
part of what we use for money;
needed in a developing society is introduced by government
spending money into circulation on
things like infrastructure, starting with the $3.6 trillion our
engineers (ASCE) tell us is needed by 2020. Also included
will be the "human
infrastructure" of education and health care.
Jamie's presentation includes the accounting changes to be placed on
bank accounting methodology, and shows how all of them are already a
part of our legal system and framework.
is an experienced civil engineer, and a senior AMI Researcher.
Poteat speaks on
How A Debt Based Money
System Drives Warfare, and then Warfare Drives More Debt
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.
eighteen years (Bank of England, 1694) of private monetization of
debt as a
monetary base has brought the world to an unsustainable level of
intellectual corruption, inequity, injustice, plunder, violence,
pollution, and warfare. It is long past time to reform it.
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
Jim Wert speaks on "Banking Law and the Legislative Process:
A glimpse Into the Mystery";
A Light-hearted look at banking and how some banking laws and bills
came into being.
Mr. Jim Wert
Until April 1, 2011, Jim Wert was a senior counsel in
the Legislative Counsel’s Office of the US House of Representatives
worked for almost 31 years, 26 of them writing banking, financial
credit, and coins and currency legislation and laws such as
Kucinich's HR2990. The Legislative
Counsel’s Office provides
legislative drafting services to the committees and Members of the
Representatives on a nonpartisan, impartial, and confidential
he participates in, and is very much interested in, continuing
what a sustainable and fully functional economic system might look like
what kind of financial system is evolving, or could evolve, to support
development of such an economic system.
Pijanowski speaks on: Restoring
the Primary Labor Transaction -
Labor for Wages - with Monetary Reform.
Joseph M. Pijanowski , Directing Business Representative of the
International Association of Machinists and Aerospace Workers union -
Local 126, is a dynamic, highly regarded Illinois union leader.
will discuss how the basic transaction of trading labor for wages has
long ago been corrupted. With austerity and default looming large, in
an era of risky financial schemes, extreme wealth concentration and
spiraling debts, it is time to reexamine and restore this fundamental,
potent transaction through a money system based on equity, not debt.
That is the key to a fair and stable US economy.
Joe's local 126 of the International Association of Machinists and
Aerospace Workers was one of the key union supporters of Kucinich's
monetary reform bill, HR2990
Pash speaks on
Promoting and Defending Monetary Reform
Mark Pash is a
Financial Planner; Bachelors and Masters in Business Administration,
from UCLA and
USC respectively; 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. Managing Director of NPB Financial
LLC; served as an officer of
various industry associations. His
unique background brings together the practical and
theoretical. Mark has been active in politics and was once a
candidate. He has politically
advocated monetary reform for almost twenty years Mark will discuss how to promote monetary reform among
political leaders and the general public including the business
the “right”. He will review his 24 reasons
for monetary reform with the 13 ways to overcome the inflationary
Andrew Jackson of
Positive Money, UK,
speaks on Combining Monetary
and Fiscal Policy
Andrew Jackson, is currently Head of Research at Positive Money. He has
co-authored two books: 'Modernising Money,' with Ben Dyson; and ‘Where Does Money Come From?'
with Josh Ryan-Collins and Tony Greenham of the new economics
foundation and Professor Richard Werner of Southampton University. He
holds a BSc in Economics and an MSc in Development Economics from the
University of Sussex, and is currently studying for a PhD at the
University of Southampton.
Andrew will briefly discuss Positive Money's strategy for
progressing the monetary reform agenda in the UK, before showing how
this links into his latest research, a proposal to combine monetary and
fiscal policy which will allow the state to create and spend money into
Coleridge speaks on "Making
Lemonade Out of Lemons!" (hint:2013 is the
100th anniversary of the Federal Reserve System)
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. Making Lemonade out of
Lemons: Using the Centennial Anniversary of the Federal Reserve to
Promote True Monetary Reform. The 100th anniversary of the Federal
Reserve in December will provide a rare moment when the public will pay
at least some attention to the role of this private entity creating and
circulating what should be our public money. How can we make this
moment a teachable moment and organizing opportunity
for true monetary reform?
Greg's Northeast Ohio Office of the American Friends Service Committee,
was a key endorser of Kucinich's HR 2990 monetary reform bill.
Joe Bongiovanni will
speak on Wealth Concentration: Accident or
Joe Bongiovanni is a second-generation monetary reformer. He
has been studying money systems for over 40
years, being the co-founder and co-Director, with J. Peter Young, of
Pond Institute for Debt-free Money. Joe considers himself a Greenback
advocates for the solution he coins as "The Money System Common."
The issuance of money as a debt by the private
many political-economic consequences that are simply not apparent to
observers of either political or social economics. These effects have a
profound impact on our society and cause a myriad of crises that cannot
remedied unless the systemic cause is well-understood.
Steven Walsh, AMI
researcher, speaks on Lessons
Monetary Reform to Youngsters
educator’s Review of Monetary Reform: the journey of finding good
curriculum and history. With
this background I look at local currencies, state
banking, and banking at the national level.
I will share an elementary view of how
bank accounting works and the controversy surrounding bank-created
money. Lastly, we will look at a moral problem: giving back
to government the right to directly create money. This discussion
should lead us to a conversation of how we will look at government
after reform, and how - for now - some distrust exists.
Donal Butterfield reports on the Occupy Wall Street's
"Alternative Banking" Meetings
awaiting photo of
Donal Butterfield, our New York City
correspondent has attended most of the weekly "Alternative Banking"
meetings at Columbia University, sponsored by Occupy Wall Street. He is
in the process of contributing to their upcoming written report to be
published in book form soon.
Donal presents a report on those meetings - the positives and negatives
of them, and what to expect in terms of any monetary reform proposals
from Occupy Wall Street, in New York City.
Sue Peters speaks on Holding Regular meetings on the Monetary
Allen Smith speaks
Promoting AMI's Cooper Union Event
Sue Peters has been a student of monetary history for the
last 6 years,
and has spoken publicly on the topic at colleges and civic groups. She
graduated from NYU with a degree in history and from Bank Street
College with a degree in education, worked for 32 years on Wall Street
as a systems analyst, and has been applying her expertise as a systems
analyst to the money system. She is a member of the American Monetary
Allen Smith teaches economics at the Henry George School of Social Science in New York. He has collaborated with some others to study and promote monetary reform.
Talk (very brief I think):
Last May, at Cooper Union in New York, we had a successful event called "Fixing Our Broken Money System." I worked with Sue Peters and others to get the word out so that we had a good attendance. We have also used the mailing list gathered from that event to promote further events on monetary reform in New York.
Ways to Get the 2013 Conference Videos:
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Valatie, NY 12184
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2013 AMI Monetary Reform Conference
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Please send me the 2013 Conference videos
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Thursday September 19th; PM:
Introduction of what
AMI is, WHAT we are doing and WHY
1:00 PM Stephen Zarlenga opens the Conference with
AMI's Purpose, Objectives and Methodology
The relation between Banking and warfare:How Debt money drives warfare
Warfare Drives up Debt.
speaks on Lessons Learned From
Explaining Monetary Reform
Bongiovanni on Wealth
Accident or by Design of Debt
Coleridge speaks on Making Lemonade out of Lemons
100 years of the Federal Reserve
with Coleridge, Poteat, Bongiovanni, Walton, Walsh, DeWulf.
5:45 PM - 8:00 PM Get Acquainted Reception
fruits & vegs,
cold cuts, cheeses, rolls and some tasty salads. Special University
Punch - Don't
A few acknowledgements and comments, maybe some
entertainment! Dress: your
choice from informal to fancy.
understanding our Money and Banking System
Conference announcements - Stephen Zarlenga
Pash presents Promoting and Defending Monetary Reform
Michael Kumhof on The Chicago
11:15 Jamie Walton: How
the AMI will Move
How and Why reform will work
12:15 noon -
break for lunch
Money - Interest-bearing Credit
2:15 Joseph Pijanowski on Restoring
the Primary Labor Transaction -
Labor for Wages - with Monetary Reform.
Public vs Debt
- the American Monetary Act in a
on Combining Monetary and
with Prof. Yamaguchi, Prof Huber, Dr. Kumhof, Jamie Walton,
to go out for Dinner
Saturday AM, September
Prof. Steve Keen by
Skype from Ecuador
James Wert, Legislative Counsel, (Ret) ,
A Bill Is Introduced into the Congress
Tideman on Forms
of Monetary Reform
Noon - break for
Werner - Breaking European Monetary
of their Austerity Addictions
Hudson on The
New Bankers "Game" - Setting Up "Toll Booths"
speaks on The Essential Elements necessary
for Monetary Reform?
Ramifications of Monetary
Butterfield reports on the Occupy Wall Street's
Prof. Werner, Andrew Jackson, Prof. Yamaguchi, Dr. Kumhof, Dr.
for critiques of this conference. Are Alternative viewpoints missing?
Members include John Conroy, Ron Davis, Howard
Switzer, Nick Egnatz.
6:30 break to
prepare for dinner
Gala Dinner and Awards
featuring Special Guest Speaker (s)
some Conference announcements. At some point over the
present The Essentials needed to achieve real reform.
describes how to motivate a group meeting
on monetary reform questions
Smith discusses how to help promote an event such as our Cooper
and interface with other groups such
as the Georgists.
and Open session
and "free for all" critiques by participants; other
Stephen Zarlenga Closes the Conference with a brief summary
can be examined briefly, but be ready to take heat!
outlining some objectives until the next conference, scheduled for late
Checkouts possible - generally you should have requested late check
12:30 PM Participants
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. Tell the cab driver to go
to the North Avenue
Beach house. This event is somewhat
weather dependent, however there is a covered area at the Beach House
it rains. The one mile swim challenge may
be limited to expert swimmers, or cancelled, depending on weather
1PM - 5
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 cooperates)
and an alternate one mile walk. A Magnificent Mile
to each serious
swimmer, and maybe some walkers! We'll have the swim,
long as wind and wave
conditions permit. Swimmers should bring good
goggles, a bathing cap really helps keep
you warm, ear plugs and a
nose plug. (oh yes - and a bathing suit!)
It is September 9th, and water temperature is 72 degrees! A good sign
to go forward, depending on winds.
Some scenes from prior conferences:
TO AMI HOME PAGE
R.Simpson in waves
1/2 mile later arriving at Oak St. Beach.
Zarlenga arrives at
Ben Gisin and
Elizabeth, Stephen and Alistair
for the swim challenge to go
and wife Elizabeth
Poteat, Sullivan, Zarlenga, DeWulf, Grewall,
An 8oz Roman Aes Grave atop The Lost Science of Money