[GJM] Praying for AMI in succeeding in transforming Federal Reserve (US)

[Muhammad Mukhtar Alam]

Dear Stephen,
   
  It is great to have your mail and I pray for success in US. I beleive there will be domino effect in the rest of the world.This is one of the most important change that is vital for collective ecological safety ensuring temporal wellbeing for generations and both temporal and eternal wellbeing for all who say yes for the change. Seeking change for making transation free from usury is indeed one of the most pious act of men and women who are in control. Men and women will be judged accordingly.There are commands against usury in all the religious texts. 
   
  We have  now the strark and bare ecological evedences and social inequities that need to be addressed through destroying the usurious finance system. Men and women just need to think differently and objectively with compassion for all who suffer from the usurious finance system socially ,economically and ecologically.
   
  I would like to read the whole speech and circulate .
   
  With best wishes and regards
   
   
  Dr.Muhammad Mukhtar Alam
   
  
AMI <ami at taconic.net> wrote:
  Dear Dr. Muhammad,
Thanks for forwarding our message. The idea of the Monetary Transparency 
Act is to start some processes rolling, which will lead to greater 
reform. I've received some interesting replies to the email and will be 
sending out another in a few days as a kind of followup to consider the 
replies (they were both for and against). Yes unbelievably there are 
some so-called monetary reforms who find a way to object to the most 
basic proposals! But mankind will make progress on this question, and 
soon. Attached is a speech I gave at our last conference in 2005. I 
invited O.M. Chopra to come and speak, one of the wisest on money I've 
come across with an Islamic background. Apparently it is near impossible 
to obtain a visa to come here.
Sincerely,
Stephen Zarlenga
Ami
http://www.monetary.org/lostscienceofmoney.html

Muhammad Mukhtar Alam wrote:

> Dear Stephen,
> This is a great news and It would be indeed good for US if the 
> reformation/ transformation is effected as soon as possible as 
> possible for leiminating the usuriuos money anf for getting interest 
> free money creation within public control.
> Dr.Muhammad Mukhtar Alam
>
>
> */AMI /* wrote:
>
>
> Dear Friends of the American Monetary Institute,
> Some new good materials are on our website:
>
> I'm happy to announce that we've devoted some time to the AMI website
> and all the links are now functioning at http://www.monetary.org
> Take a look. No more "files not found" messages. That includes all
> but
> one of the reviews of The Lost Science of Money, which will take
> another
> few days to locate.
>
> A couple of weeks ago we were asked by some serious governmental
> people
> in Washington, DC whether in fact the Federal Reserve was a part
> of our
> government or not. Though we have long considered the Fed as a
> private
> not a public organization, rather than give an off the cuff answer, I
> wrote a short paper demonstrating the Feds private status,
> including the
> overwhelming evidence that it is not operating in the public
> interest.
> That paper is attached, and is also at our website at
> http://www.monetary.org/federalreserveprivate.htm
>
> One of our Chapter members and supporters from Seattle told us we
> must
> add "The Need For Monetary Reform" essay to the website. Its
> attached,
> and its now there at
> http://www.monetary.org/need_for_monetary_reform.html
>
> Finally we have posted the working text of the "Monetary Transparency
> Act," a kind of little sister to the American Monetary Act. Its been
> described by one economist as "deceptively innocuous." Its
> attached and
> also on the website at
> http://www.monetary.org/need_for_monetary_reform.html
> Please take a look and send comments.
>
> The AMI 2006 Monetary Reform Conference is going well. Consider
> joining
> us in Chicago, Sept. 21-24, and remember the final early registration
> discount date for mailing registrations is July 17th.
> Sincerely,
> Stephen Zarlenga
> Ami
>
>
>
>
>
>
> © 2006, until introduced. Draft # 3, June 2006 –
> suggestions/criticisms welcome
> American Monetary Institute
> P.O. Box 601, Valatie, NY 12184
> Stephen Zarlenga, Director
> Interested parties, please comment to me at: *ami at taconic.net*
> 
> MONETARY TRANSPARENCY ACT
> An Act to assure greater access and transparency in the
> publication of certain monetary statistics important to
> determination of public policy, including the M3, in
> authoritative, convenient form.//
> /Be it enacted by the Senate and House of Representatives of the
> United States of America in Congress assembled,/
> SEC 1. SHORT TITLE
> This Act may be cited as the Monetary Transparency Act
> SEC 2. FINDINGS
> The Congress finds that –
> The collection and timely public reporting of reliable monetary
> statistics has become an essential analytical element in the areas
> of monetary, fiscal and public policy decision-making and is
> essential for transparency in the U.S. monetary system.
> Such reporting of the M3 monetary statistic of the United States
> money supply has over the years become an important anticipated
> measurement followed and relied upon by financial analysts,
> economists, investors, professors, students and other members of
> the public, in their studies and financial decision making.
> The continued publication of the M3 measurement is therefore
> important to maintain an historical continuity in the availability
> of this statistical tool for now and for future studies.
> The announced discontinuance of its publication has created
> uncertainty among those using this statistic, including the
> question “what are they hiding?”
> Therefore publication of the M3 by the Federal Reserve Board shall
> continue as before.
> Transparency and ease of readability is an essential value in the
> dissemination of important statistical information by the Federal
> Reserve System. It alone has the resources, staff and experience
> to reliably ascertain such data. Reporting it in timely,
> convenient, and authoritative form can aid the appreciation and
> adoption of proper monetary, fiscal and public policy measures. To
> that end, the Federal Reserve System shall use its resources and
> personnel to provide reliable data and best estimates of several
> additional statistics as recommended by economists below.
>
>
> SEC 3
>
> Not later than 60 days after the effective date of this Act, the
> Federal Reserve shall resume publishing the M3 Monetary Aggregate
> as it is presently published before March 23, 2006; the effective
> date of its intended discontinuance as announced by the Federal
> Reserve System. This shall include the M3 statistics for the
> period when publication may have lapsed.
> SEC 4
> The following statistics are to be collected or best estimated and
> reported on a quarterly basis, unless otherwise specified:
> (Several of these statistics is already reliably calculated by the
> Federal Reserve or by government agencies. In such cases the
> statistics will be assembled for convenience, reliability and
> transparency by the Federal Reserve System in this report.)
> <!--[if !supportLists]--><!--[endif]--> (a) An estimate,
> quarterly, of the seignorage, not collected by government, through
> the private creation of purchasing media (“money”) through the
> fractional reserve lending activities of financial institutions.
> <!--[if !supportLists]--><!--[endif]-->(b) The
> applications/purposes (in the aggregate) to which all such loans
> were applied, in absolute and % of total figures, including:
> <!--[if !supportLists]--><!--[endif]-->1) public infrastructure
> <!--[if !supportLists]--><!--[endif]-->2) leveraged buyouts and
> mergers
> <!--[if !supportLists]--><!--[endif]-->3) stock trading margins
> and derivatives trading activity
> <!--[if !supportLists]--><!--[endif]-->4) consumer spending
> <!--[if !supportLists]--><!--[endif]-->5) mortgage financing
> <!--[if !supportLists]--><!--[endif]-->6) building and property
> acquisition
> <!--[if !supportLists]--><!--[endif]-->7) capital spending
> <!--[if !supportLists]--><!--[endif]-->(c) The geographic
> breakdown of all such classes of loans in part (b) of this section
> <!--[if !supportLists]--><!--[endif]-->(d) Estimates of the total
> value of assets in the U.S. by the following economic categories:
> <!--[if !supportLists]--><!--[endif]-->1) depreciable capital
> <!--[if !supportLists]--><!--[endif]-->2) land
> <!--[if !supportLists]--><!--[endif]-->3) government granted
> privileges including:
> <!--[if !supportLists]--><!--[endif]-->i) mineral rights
> <!--[if !supportLists]--><!--[endif]-->ii) spectrum rights
> <!--[if !supportLists]--><!--[endif]-->iii) water rights
> <!--[if !supportLists]--><!--[endif]-->iv) pollution rights
> <!--[if !supportLists]--><!--[endif]-->v) patents
> <!--[if !supportLists]--><!--[endif]-->4) Goodwill
> <!--[if !supportLists]--><!--[endif]-->(e) Undertake the Survey of
> Consumer Finances every year instead of every three years
> <!--[if !supportLists]--><!--[endif]-->(f) Require full audits of
> the Fed by the Government Accountability Office (GAO)
> .
> <!--[if !supportLists]--><!--[endif]-->(g) Relevant statistics
> describing the then current distribution of wealth in the U.S.
> <!--[if !supportLists]--><!--[endif]-->(h) Summarize the present
> under funding of public and private pensions, by category and size.
> <!--[if !supportLists]--><!--[endif]-->(i) Accurate statistics on
> the unemployment and under-employment situation in America,
> including what has happened to those skilled persons who have
> “fallen through the cracks.”
> <!--[if !supportLists]--><!--[endif]-->(j) An estimate of which
> part of new money creation is going to small business, graded into
> 4 levels by size, as well as which % of new job creation comes
> from those small businesses.
> <!--[if !supportLists]--><!--[endif]-->(k) A press conference will
> be held quarterly to publicize this report.
>
>
>
> ------------------------------------------------------------------------
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