11th Annual AMI Monetary Reform Conference
11th Annual AMI Monetary Reform Conference

See the registration form below for our 11th Annual AMI Monetary Reform Conference, scheduled for September 10-13, 2015; with a special student rate of $49 for the entire Conference. Tell students!

Green Party members also receive a major. (see the form!)

We'll update this speakers page as additional speakers are confirmed. Expect the same high quality as have been scheduled for our past ten Annual Conferences. VIDEOS of the entire 2014 Conference are available on a 500 Gig external drive, at low cost. See the order form below.

Some photos are still being formatted. Most of the descriptions are last year's topics, and will soon be updated for 2015. Patience!


Howie Hawkins - Discusses the Need For and Approach to Monetary Reform
Howie Hawkins
Howie Hawkins

Howie Hawkins, one of the original founders of the Green Party, has run twice for governor of New York, after a prior run for U.S. Senate in 2006. A Syracuse resident, he's a Teamster working for the United Parcel Service, who's been endorsed by numerous political, labor, education organizations and teacher's unions including New York's Badass Teacher's Association, Ralph Nader, the New Progressive Alliance and numerous others By receiving over 5 percent of the N.Y. vote he held the Green ballot line for the next four years, an important milestone. One highlight of his campaign was that Ralph Nader held two events to help promote Howie's candidacy! That is a very big deal.

We have been in touch with Howie for several years and we joined the Green Party's Shadow Cabinet as Monetary Director, at Howie's suggestion. Howie convinced me to do that, though I had doubts due to some elements of the party opting for what I consider political correctness rather than real monetary reform. We have and will continue to do our best to help educate them. Since September 2010, the Green Party's National Committee has approved a monetary reform Plank which closely echoes Kucinich's NEED Act proposal (National Emergency Employment Defense Act). It is the first time that any important political party in our country has put forward real monetary reform and we support that wholeheartedly!

You can read the details at our home page article at the GREEN-PARTY-APPROVED-MONETARY-PLANK. Howie will discuss how third parties can bring new issues into the mainstream of public debate and not let the two major parties take movements for reform for granted because they have no where else to take their votes. He'll include some history on the Greenback Labor Party as it relates to monetary reform.

And he will talk about the Greens, their growth, and their support for monetary reform. We are making a special effort to reach the Green Party. Greens can attend the conference at near scholarship levels of $79 instead of the discounted fee of $195 or the full registration fee of $395. Remember, bona fide students can attend the whole conference at $49 per person.

Howie HawkinsHowie Hawkins, Green Party Candidate for
Governor of New York

Prof. Nicolaus Tideman will speak on "Combining Monetary Reform, Banking Reform, and Land Reform"
Prof. Nicolaus Tideman
Prof. Nicolaus Tideman

Professor Tideman received his Ph.D. from the University of Chicago, where he studied under Milton Friedman and others. He taught at Harvard and served as Staff Economist at the President's Council of Economic Advisors at the White House, before moving to Virginia Tech in 1973, where he has been Professor of Economics since 1985. His research has focused primarily on urban economics, public finance, voting rules and social justice. In 1975 he collaborated with Nobel Laureate James Buchanan in writing on "Gold, Money and the Law."

Here is how Nic asked that his talk be described: "Steve, You can bill my talk this year as 'Combining monetary reform, banking reform and land reform.' I will discuss the possibility of using land tax vouchers as the basis for a monetary system. The vouchers would be distributed to those who had title to land in proportion to the value of the land they held, with the number of months of taxes in a person's vouchers varied to stimulate or contract the region's economy. Fractional reserves would be prohibited.



Robert Poteat will speak on The Moral and Ethical Problem With Using Credit/Debt for Money
Robert Poteat
Robert Poteat

Robert Poteat’s talk looks at the ethical and moral problems of the banking credit/debt money system. What does real data tell us about the validity of ideologically based economic “theories”? What is capitalism? Is capitalism competition or monopoly? How economics “Spins” word definitions to change context and meaning, and why exponential growth causes ecological suicide.

Poteat is one of America's most knowledgeable, reality based experts on our money system. A long term and meticulous monetary researcher, certainly among the top half dozen in America (and the World!) 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.

Bob discusses why 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 Achievement Award.


Prof. Kaoru Yamaguchi will Skype from Japan on: Public vs Debt Money Systems - the American Monetary Act in a Nutshell -
Prof. Kaoru Yamaguchi
Prof. Kaoru Yamaguchi

Professor Kaoru Yamaguchi has continued to refine his highly 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 inflation!

Professor 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 attended 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

Prof. Yamaguchi's new book will be published by the time of the conference and we hope to have some copies available for participants!


Stephen Zarlenga presents: AMI's Purpose, Objectives and Methodology
Stephen Zarlenga
Stephen Zarlenga
(early photo)

Director and co-founder of the American Monetary Institute in 1996; author of The Lost Science of Money book; and the Refutation of Menger's Theory of the Origin of Money; a Critique of A. M. Innes substituting debt in place of money, and Greening the Dollar, plus various 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. 


Prof. Steve Keen, now of London, discusses his recent work on Economics, and money systems. Last year he presented on How Central Banks and Banking Systems Really Work
Prof. Steve Keen
Prof. Steve Keen

Top Australian monetary economist Steve Keen 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 analyst for theorists and investors involved in markets of all types, including the bond markets.

Keen has moved from the University of Western Sydney, Australia, to Head, School of Economics, Politics & History, Kingston University in London.

In December 2005, drawing on his 1995 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 dedicated to analyzing the “global debt bubble”, which soon attracted a large international audience.

In December 2012, Prof. Keen delivered a Congressional Briefing to Congressmen and aides in Washington DC, sponsored by Congressman Dennis Kucinich; which accurately warned of the dangers of a "sequestration." Prof. Keen will appear at our conference via skype, with full facility for extended questions and answers. This really works people!


Jamie Walton speaks on The Requirements for Monetary Reform - Which Elements are Necessary, and Why
Jamie Walton
Jamie Walton

Jamie Walton, worked for two years in Congressman Dennis Kucinich's office, helping put the N.E.E.D. bill together. He will describe how its various elements work. The three elements of this single reform are:

* Incorporation of the Federal Reserve into the U.S. Treasury;
* En[d]ing Fractional Reserve Banking - Changes in accounting rules so that banks no longer create any part of what we use for money;
* New 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. The MMT folk really need to learn about this!

Jamie is an experienced civil engineer, and a senior AMI Researcher.


Nikolaos Karatsoris of Thessalonikli, Greece, speaks on:
"A National Development Bank and a Complementary Means of Payment for Greece."
Nikolaos Karatsoris
Nikolaos Karatsoris

European parliaments are now voting on yet a third Greek bailout package. The Greek economy is in shambles: unemployment is only at 26.6%, simply because about 200.000 unemployed Greeks emigrated! Greece is in its 29th consecutive month of deflation. The “medicine” applied to cure the disease is not simply wrong, it is lethal.

While Greece needed to bring its fiscal deficits under control, it is also true that Greece is paying the price of the European Union’s absurd institutional design. The bailout packages signed by the Greek government simply confuse the situation.

Mechanisms exist which can help repair the economy, such as Public Sector Entities, or national development banks. I will present the role of these institutions in different European countries and their relevance for Greece, and discuss the introduction of a complementary means of payment."

"Nikolaos was a small entrepreneur and company executive for more than 12 years who decided to abandon his career in 2012 in order to do whatever one simple person can do to promote an open discussion in exploring alternative courses of action to resolve the crisis in Greece. He has organized conferences and seminars and has written several articles mainly in the Greek media."

On learning of the recent "No" vote, Nikos said: "We have 5000 years of history Stephen. Any nation that can look back into the depths of time can look forward into eternity. I am not afraid. It is a great day for Greece. I hope that it will be a great day for Europe." And "Of course ... I can give you aspects of the crisis that people don't know."


Mark Pash speaks on Promoting and Defending Monetary Reform
Mark Pash
Mark Pash

Mark Pash is a Certified 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 several financial organizations. Managing Director of NPB Financial Group 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 Congressional 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 community and the “right”. Last year he reviewed his 24 reasons for monetary reform with the 13 ways to overcome the inflationary objection.

There are currently well over 2 billion unemployed or just subsistence farmers around the globe. Now with the addition of advanced robotics, non-manufacturing and 3D printing, more will lose their jobs. Mark will show how monetary reform will solve this decline. He will also give us an update on his political efforts to advance the debate on monetary reform.


John Howell speaks on "Educating People about the Monetary System and the Need for Reform"
John Howell
John Howell

John Howell (Ph.D. UCLA); teaching and research in physiology for 42 years,(Ohio University); recipient of numerous grants and awards; including the directorship of the Institute for Musculoskeletal Research, and chairing various cojmittees. He currently serves as a teaching assistant in the Department of Classics and World Religions. He is co-founder and coordinator of Democracy Over Corporations, in Athens Ohio and has attended AMI Monetary Reform Conferences in 2012 and 2013, and is now giving presentations on monetary reform at local and regional gatherings. John discusses how he makes these presentations. In 2014 John gave one of the clearest, most inspiring talks on the problem of fractional reserve banking and using debt in place of money, and established himself as a premier monetary reform presenter.

John just wrote me:

I'm looking forward to the conference. I gave a talk recently at the Ohio University College of Osteopathic Medicine on the topic of monetary reform. About 20 people showed up. The talk took about 35 minutes. Some graphic material I added about the current monetary system was appreciated for its clarity. A half hour will be enough time for me.


Joe Bongiovanni speaks on The World’s Central Bankers Need Our Help!
Joe Bongiovanni
Joe Bongiovanni

- They Know Something’s Broken, And We Know How to Fix it.

Dr. White of the BIS has laid bare the sense of deepening unease and concern among the world’s central bankers today: Something’s wrong. Their system ain’t working and they don’t know why.

Of course, we, and others, know there is a fix – Joe, a supporter of Kucinich’s NEED Act, will explain why he believes that monetary policy candor and respect for the substantive socio-economic gains available from ‘public money’ demand that we heed Hyman Minsky’s historic call for a Twenty-First century national monetary commission in this country. And, by that example, in every major country with international financial business relations. Central Bank policy is broken. They do NEED our help.

Joe Bongiovanni is a second-generation monetary reformer, studying money systems for over 40 years, being the co-founder and co-Director, with J. Peter Young, of the Kettle Pond Institute for Debt-free Money.

Joe is an important monetary blogger and though always polite, his posts are blocked from some websites such as the Naked Capitalist, and some MMT (Modern Monetary Theory) sites because they cannot answer his points.


Nick Egnatz Speaks on Linking Social Justice to Monetary Reform
Nick Egnatz
Nick Egnatz

Nick Egnatz is a Vietnam vet, and small businessman. His life as an activist began opposing the imminent invasion of Iraq in 2003. This opposition soon grew to include all U.S. wars, militarism, empire and the war on the poor and working class facilitated by a monetary system designed to send everything straight to the top. The National Association of Social Workers named Nick 2006 Northwest Indiana Citizen of the Year for his anti war activism. At last year's conference Nick began a discussion on social justice and monetary reform that he would like to continue this year. His pamphlet Linking Social Justice to Monetary Reform is available free at Alpheus.org. Those that would like copies to distribute are invited to contact Nick at OccupyNick@yahoo.com


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
Jim Wert
Jim Wert

Until April 1, 2011, Jim Wert was a senior counsel in the Legislative Counsel’s Office of the US House of Representatives where he worked for 31 years, 26 of them writing banking, financial services, credit, and coins and currency legislation; and laws such as Kucinich's HR2990, N.E.E.D Act (National Emergency Employment Defense Act).

The Legislative Counsel’s Office provides legislative drafting services to the committees and Members of the House of Representatives on a nonpartisan, impartial, and confidential basis. Today he participates in, and is very much interested in, continuing discussions on what a sustainable and fully functional economic system might look like and what kind of financial system is evolving, or could evolve, to support the development of such an economic system.


Prof. Robert Blaine speaks on "The Root of United States Debt Told by the Pen of History"
Robert Blaine
Prof. Robert Blaine

Ph.D., Emeritus Professor of Sociology at Southern Illinois University, Edwardsville. He is co-inventor of Cooperation: The Wealth of Nations Game which simulates different economic systems to identify an optimum model. Author of The Most Wealth for the Least Work Through Cooperation; and Weaving Golden Threads of Sociological Theory. “I’m very happy to join Stephen Zarlenga and the American Monetary Institute to continue promoting monetary reform.” The Original instigator of the Ithaca Local Money movement Prof. Blain presents his research on the growth of U.S. Public and Private debt.


Lucille Eckrich speaks on: "Student Debt and the Need for Monetary Reform" Awaiting 2015 update)
Lucille Eckrich
Lucille Eckrich

Lucille Eckrich is an Associate Professor of foundations of education in the College of Education at Illinois State University. She came to a critique of modern money through her 1998 dissertation on Value in Economics, Ethics, and Education. Her first publication on the topic was in 2004 entitled “The inefficiency of the "Cult of Efficiency": Implications for public schooling and education,” and her most recent is “Ivory Tower Graduates in the Red: The Role of Debt in Higher Education.” After sharing how she ended up at AMI ten years ago and why she keeps coming, Lucille will present on the history of student loans in the US and the difference that viewing this history with an understanding of our private-interest-driven debt-based money makes for its prognosis. She concludes by encouraging us to work more openly with scholars, practitioners, and participants from this and myriad other fields of interest to help them to see the link between the achievement of their interests and the need for monetary critique and reform.


Howard Switzer of Tennesee's Green Party Will Speak on The Great Importance of Monetary Reform to the Greens
Howard Switzer
Howard Switzer

Howard Switzer, is a Tennessee architect working in eco-friendly building methods and builds energy efficient, healthy, homes of earth and straw. He co-founded the 'Moving the Money to Main Street Campaign,' adopted by the GPUS in 2007. That same year he attended the AMI presentation from Stephen Zarlenga at the Greens national meeting in Reading, PA which confirmed his belief that monetary reform is critical to democracy and the funding of the Green Economic Transition. He presented on monetary reform at the 2013 Green Party National Meeting and then at the 9th Annual IMRC. He is a founding member and was co-chair of the Green Party of Tennessee 2002-2003 and served many terms on the Green Party's National Committee as a delegate from Tennessee. He has run for state office in Tennessee to give the party standing in court to successfully sue the state for unconstitutional ballot access laws, which has been upheld in Federal and Appeals Courts 4 times. Tennessee Greens enjoyed their highest vote count to date this last election cycle!

He is currently a GP national delegate advocating monetary reform, as per the Green Party platform which includes the key elements of the AMI/NEED Act proposal, to be a central component of the 2016 GPUS POTUS campaign and is calling for Reviving the American Revolution electorally to reclaim our nations's economic sovereignty for the democratic governance of the United States.


Steven Walsh, Senior AMI researcher, speaks on
How the Chicago Teachers Union Came to Understand and Endorse the NEED ACT
Steven Walsh
Steven Walsh

As a long time (and continuing) Chicago Educator, Steven Walsh played a key/crucial role in the Chicago Teachers Union (30,000 strong) endorsement and support of Kucinich's N.E.E.D. Act (HR 2990) The National Emergency Employment Defense Act.

Last year he presented a unique video of how he instructs youngsters in his classes on monetary reform, through role playing.

This year I've asked Steven to go through the step by step process of how President Karen Lewis and the Chicago Teachers Union learned about the Kucinich act, and its importance, and then passed a formal resolution in support of it.

This can serve as a model for participants in their own areas.


Joseph M. Pijanowski speaks on: Reducing Income Inequality with Monetary Reform
oseph M. Pijanowski
Joseph M. Pijanowski

Joseph M. Pijanowski, a leading labor figure in the Chicago area and midwest, and former Directing Business Representative of the International Association of Machinists and Aerospace Workers - Local 126, is highly regarded with a unique understanding of our monetary system and its penalty to Workers and our economy.

In an era of debt, austerity, and spiraling income inequality, we can no longer ignore the truth that workers, not plutocrats are the most important contributor to our economy. If ultra low interest rates and tax cuts for the rich actually created jobs in our current debt based monetary system, we would be drowning in jobs instead of crushing the middle class with austerity. Real Monetary reform will unleash the wealth creative power of the Middle Class Workers.

IAM Local 126 was one of the key Union supporters of Kucinich's monetary reform bill, HR2990.


Patrick Barry will speak on: A Return To Sovereignty - "There Must Be A Good Way Out of Here"
Patrick Barry
Patrick Barry

Patrick Barry is the Managing Partner of Barry Investment Advisors LLC, a private wealth management firm based in Southeastern Massachusetts. He and his team help over 450 affluent and high net worth families, from diverse backgrounds, with their financial and investment planning needs. Alongside his father, he warned clients about the ensuing debt crisis, and was able to protect their portfolios from loss in 2008. Pat will offer market insights from a monetary history perspective; something he feels is an important missing aspect of many investment presentations and financial plans today. He spoke at the Left Forum in 2013 on the topic of monetary history and reform. He has also approached many public figures in finance, including Ben Bernanke and Barney Frank, for their thoughts on The Chicago Plan. He will share his conclusions from those encounters, and why he thinks the AMI's reforms have the best shot at reducing economic inequality and imbalances.


Mike Holden
Mike Holden
Mike Holden

Mike Holden, an automotive engineer with a degree in physics, has had an interest in interdisciplinary independent study, attending the AMI Annual Monetary Reform Conferences since 2008. He has actively pursued monetary reform and is in the process of establishing an AMI chapter in Detroit.

Mike will present some historical evidence, that contrary to what amounts to anti governmental “propaganda,” government funding for research and development in technological innovation has had a very significant and positive impact on society. The question of government’s role thus becomes one of scope and timing, based partly on historical data of the effectiveness of past actions. Mike will provide a case to redirect the power of government away from destructive militaristic spending to the beneficial spending on investment for technological R&D, infrastructure and social programs.


The WORLD CLASS ECONOMISTS speaking at this years conference will be asked to do two things if possible:
Please Imagine photos here of the Several World Class Economists Participating at this years Conference

We are requesting that the economists who speak at this years conference do two important exercises that we believe might improve world monetary conditions, and also the position of economists in it:

First regarding Greece: Please present a brief summary of Greece's monetary problem; and your suggested solution or procedure to remedy or improve it, if any.

Second Regarding the United States: Please present a summary of the United States monetary problem (if you think there is one) and your suggested remedy to resolve or improve it, if any.

We have often complained or commented that Economists haven't generally been valuable on money reform, and maybe this can start to remedy that!


The following World renowned speakers spoke last year and Some will be returning again in 2015 - Please Watch for Confirmations:
Prof. Joseph Huber addresses Understandings and Misunderstandings of Monetary Reform Clearing up Typical Misrepresentations; answering Criticism (Folks - this is a very important presentation! - SZ)
Prof. Joseph Huber
Prof. Joseph Huber

Prof. Joseph Huber of Martin-Luther University of Hall-Wittenberg, is 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. He has worked with James Robertson on UK and European monetary reform since 1999, on behalf of the New Economics Foundation, London. This year he will speak on:

- Why many economists fail to understand the relevance of the monetary system. Why most measures of banking and financial-market reform will only be effective in combination with monetary reform.
- Sovereign money does not involve nationalisation of banking. Why public banks are a distraction rather than an option. 
- Positioning of monetary reform between Friedman-style supply-side monetarism and demand-side Keynesianism.
- Is monetary reform about tight money or loose money? Will sovereign money bring about high or low levels of interest?
- How monetary reform contributes to ensuring that money is put to good uses, i.e. capital, operational and consumer expenditure, rather than contributing to the casino sections of the financial economy.

Prof. Huber's important website at www.sovereignmoney.eu helps explain monetary reform to all. Last year He issued a major challenge to MMT - so called Modern Monetary Theory - which they could not answer!


Dr. Michael Clark speaks on International Ramifications of Monetary Reform
Dr. Michael Clark
Dr. Michael Clark

Dr. Michael T. Clark was a senior advisor to the President of the Sixty-third Session of the United Nations General Assembly (2008-9)and helped co-ordinate the intergovernmental negotiations for the outcome of the 2009 United Nations Conference on the World Financial and Economic Crisis and its impact on Development. He later joined the staff of U.S. Representative Dennis Kucinich (D-OH) where he assisted with the final drafting of the NEED Act, (National Emergency Employment Defense Act) prior to its introduction.

Dr. Clark will focus on the international dimensions of the effort to achieve systemic reform of the international monetary and financial system, including how the IMF structure and operating procedures may be revamped to become a positive factor in monetary reform.


Dr. Michael Kumhof is attending this year's conference and I am hoping he will also speak or participate in a panel, on one of the important projects he is working on.
Dr. Michael Kumhof
Dr. Michael Kumhof

Dr. Michael Kumhof is the Deputy Division Chief, of the modeling Division, of the Research Department of the International Monetary Fund (the IMF).

Last year he presented 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 at 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, "HR 2990."

The Bank of England invited Dr. Kumhof to give two talks on banking, after which the Bank in its 1st Quarter report of 2014.


Great News; August 29, 2014 Prof. Richard Werner today has confirmed that he will address the Conference on Friday, Oct. 3rd. Here below is the description of his talk last year. We'll update it for this year as soon as we have it from him! This will be an important talk!
Prof. Richard Werner will discuss Challenges involved in getting European monetary authorities to forget Austerity.
Prof. Richard Werner
Prof. Richard Werner

Professor Richard Werner has 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.


Ole Mackeprang, European Financier speaks on A Report on the Prospects for the Euro
Ole Mackeprang
Ole Mackeprang

Ole Mackeprang, European Financier spoke on "Money Systems & Warfare" at our 2007 Conference and will update us on the practical changes the Euro has brought since its launch. Back then the Euro was proclaimed "dead on arrival." Next, pundits claimed the U.S. Dollar was the casualty, and now it is the Euro in trouble again! Perhaps it is time to get some firsthand observations. Mackeprang's book, "Money is Not Capital" will be available, as well as his new financial novel thriller, "Unlimited Liability."

Mackeprang speaks 8 languages, has worked in 62 countries, principally France, Germany, Italy and Spain (Banque Rothschild and Banque de l'Union Parisienne are some companies he has worked with). His fascinating experiences are described in his books, destined to become motion pictures. The life experiences it describes are what American kids (20 & 30 year olds) can only dream about in today's world - and Yes - we shared some of those times working together in old Europe!

This year he will bring us up to date on events within the Euro.

Ole's book - Money is not Capital

Greg Coleridge speaks on "Where do We Go From Here?" - A Strategy for Real Monetary Reform
Greg Coleridge
Greg Coleridge

More people are in debt. The current economy is less able to meet real needs. Banks are bigger but less stable than ever. Banks continue to create huge sums of money out of thin air. The public is less trusting of economic and political "leaders" to find solutions. The time is ripe for expanding our promotion of real monetary reform. But how? Needed is a clear way forward - focusing on including more people who can learn, communicate, advocate and organize for real change.

Greg Coleridge is Director of the Northeast Ohio American Friends Service Committee (AFSC), Coordinator of the Move to Amend Ohio Network and member of the national Program on Corporations, Law & Democracy (POCLAD) collective Greg's Northeast Ohio Office of the American Friends Service Committee, was a key endorser of Kucinich's HR 2990 monetary reform bill.



First: In Kucinich's proposed NEED Act section 505 is for our Government to pay for education, as most civilized European countries do. That is the future. However, it has become clear that millions of young Americans are now saddled with debilitating college and university debts, which they cannot even get jobs to start paying off, and which threaten their very existence as human beings. We consider this an important national issue and realized that a tiny 2 sentence alteration in the NEED Act, making it retroactive, would allow forgiveness for all student debt would wipe out the $ trillion of student debt. That small alteration will be discussed at the Conference. We think this could be an important addition to the NEED Act, which will find great support among students (and their parents by the way!).

Understand that this can be done without raising taxes or borrowing. It mainly requires discarding flawed theories about money which have been propagated by economists for centuries, to the detriment of society, and the enrichment of the banks which those theories foolishly give the MONEY POWER to. Abandoning those dumb theories is of the first order for human progress. It should be made easier by observing the actual destructive effects those theories have caused: Two Great Depressions; numerous financial crises; obscene concentration of wealth into essentially criminal hands; the criminalization of American business in general; never ending warfare; the spread of poverty; unseen corruption at too many levels. Have bad economists really been responsible for all that? We also discuss that at the conference, and why an empirical methodology must supersede their merely theoretical approaches.

Further understand that this would not enrich the banks that debt is "owed" to. The way the NEED Act is written, moneys repaid to banks for loans they created out of nothing, are turned over to the US Treasury.

Second we are making a special effort to bring in students at this Conference and are offering what in effect are scholarships for them to attend for minimal registration costs. It will be $49 per student, and see how that goes. There is a limit - Total possible attendance at the Conference is about 85 or 90 seats. They can stay at the HI Youth Hostel across the Street from University Center at $33 per night, and get to Chicago for as little as $1 with the Megabus system.

And Third: We will also making a concerted effort to bring Chicago educators into the Conference. Remember the Chicago Teachers Union endorsed the NEED Act, and did so after careful consideration. I've invited the President of the CTU, Karen Lewis to come in and speak, and we are working with teachers to make this happen. This will be a really interesting conference in many ways! If you can help with these objectives that would be much appreciated. Please don't expect us to save the World by ourselves! And yes, considering the evident madness of events, that is what's at stake.

Participants of this and our past conferences - see what you might do to help achieve these objectives - please spread the word to your contacts!

Stephen Zarlenga
Director, American Monetary Institute

There are no "at the door" registrations!
Four ways to register for the 2014 Conference:
1) Click Donate button below to use Paypal:

2) Mail-in registration form below to: American Monetary Institute, PO Box 601, Valatie, NY 12184

3) By phone: 224-805-2200

4) By email: Send name, address, phone and credit card details to ami@taconic.net

2015 REGISTRATION FORM Please copy, print and mail to The American Monetary Institute, PO Box 601, Valatie, NY 12184

2015 AMI Monetary Reform Conference - September 10-13, 2015

____ Please enroll me in this years (2015) Conference, September 10-13, 2015 at $195 per person (discount ends May 16th, then rises to $295 until July 18th, thereafter its the full registration at $395). We ask working people to donate a bit more this year - if they can - to help fund our Student and Green "scholarships."

____ I'm a bona-fide student at: _____________________________. (enclose copy of student card, etc) Please enroll me in the 2015 Conference, at $49 per person. (Accomodation at the Hostel International, across the street from University Center is available at about $33 per day. A great opportunity! No curfew, no age limits, no membership needed.)

____ I'm active in the Green Party: _____________________ (enclose details), Please enroll me in the Conference at $75 per person. Special Note: the room holds 85 people with comfortable seating. When/if reservations become too numerous, we'll have to restrict this on a first come first served basis. You can register NOW! Friends fortunate to have income and assets – Please don’t begrudge these special discounts for the less well situated.

____ Please send me a copy of The Lost Science of Money book by Stephen Zarlenga for $68 total. ($60 plus $8 S&H) [All foreign shipments are now by airmail at $38 per book (total $98) - a post office requirement].

____ Please send me the 500 Gig external hard drive with the entire 2013 or 2014 Conference videos. Only $185! (circle one) The Conference videos take up about 100 Gigs, and you can use the other 400 gigs for extra memory on your computer. A really great offer!

Enclose Check payable to the American Monetary Institute,

___ Bill my credit card (no Amex) ____________ Card # ________/________/_________/_________

Expiration ____________ Of couse you can also enroll by using PayPal, from our home page.

Signature _________________________________ Print name ______________________________________________

Address _________________________________________ City/State/Zip _____________________________________

Phone # __________________________________ E-mail (write clearly!): ______________________________________


Here's the 2015 program schedule:

Thursday, September 10
1 PM - 6 PM: Presentations
6:30 PM - 8:30 PM: Get Acquainted Reception

Friday, September 11
9 AM - 12:15 PM: Presentations
12:15 PM - 1:15 PM: Lunch Break
1:15 - 6:30 PM: Presentations

Saturday, September 12
9:00 AM - 12 PM: Presentations
12 PM - 1 PM: Lunch Break
1 PM - 6:30 PM: Presentations
7:00 PM: Gala Dinner and Awards Ceremony

Sunday, Sept. 13
9:00 - 12 PM: Presentations
12:15 - 12:30 PM Participants take readily available taxis for the 3 mile trip to North Avenue Beach (weather permitting)
1PM - 5 PM Beach Barbecue Party
Our beach barbecue party will already be set up and cooking, 250 yards South of the Beach House under the trees in the grassy area. Shade and chairs available. Tell 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 if it rains. The one mile swim challenge may be limited to expert swimmers, or cancelled, depending on weather conditions. (Assuming that Lake Michigan and the weather cooperate!)

The North Ledge of Chicago's World Renowned Oak Street Beach Under these conditions the swim Stephen Zarlenga's summertime office is located under an umbrella just beneath is put off till next year! the bottom middle of the photo. This is where we keep our sanity and 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; badminton and horseshoes. A one mile swim challenge (if Lake Michigan cooperates) and an alternate one mile walk. We'll have the swim as long as wind and wave conditions permit.