[GJM] 2007 AMI Conference on Monetary Reform

[robert searle]

Some of you may well have this info. For those who
have not it may be of interest. it is from Zalenga,
and Co.

R.Searle
--- AMI <ami at taconic.net> wrote:

> 
> Dear Friends of the American Monetary Institute,
> 
> As our banking system sinks into its most recent
> debacle, once again 
> demonstrating what should be described as its
> "criminal" nature (in 
> quotes because these financiers use their control
> over our money system 
> to "legalize" their nefarious activities);  we again
> observe  why our 
> nation's money system would be much better off under
> societal 
> (governmental) control rather than the present
> private control.
> 
> Even the descriptive term "sub prime borrowers" 
> mislabels the problem - 
> blaming the borrowers instead of the bank/hedge fund
> lenders. What 
> should we call them? How about "Sub human." Pushing
> borrowers into 
> variable rate mortgages, at a time when borrowers
> should have gotten 
> fixed rate mortgages at historically low interest
> rates!
> 
> Our 2007 AMI Monetary Reform Conference at Roosevelt
> University, 
> September 27-30th will discuss this anti-social
> nature of the present 
> money and banking system foisted on us by what
> should be treated as a 
> criminal gang, instead of being respected as the
> wealthiest in our 
> midst. How the wealth was obtained matters! Whether
> it's the result of 
> real production and thought and work, or the result
> of usurious theft, 
> does matter! Whether the control of society is in
> the hands of 
> producing, thinking and working, moral people, or in
> the hands of 
> unscrupulous thieves does matter! Just look at
> today's world.
> 
> To jog your memory, because the corporate media
> won't, here's some bank 
> background, from memory:
> 
> May, 2005 Citibank and Merrill Lynch pay $1.25
> billion to settle a 
> lawsuit brought against them by the Enron Pension
> fund, which alleged 
> fraud in assisting Enron in its pillage and theft of
> the pension fund's 
> assets, in Enron's almost unbelievable series of
> frauds against American 
> states and citizens.
> 
> Mid 90's BCCI Banking scandal
> 
> Early 1990s Savings and Loan Crisis develops out of
> Reagan's removal of 
> government regulations on them.
> 
> Early 1980's prime interest rates rise to 20% area,
> partly to get Reagan 
> elected, and new bank legislation passed.
> 
> Early and mid 1970s banking scandal bailouts
> involving Franklin 
> National, Banco Ambrosiano, Continental Illinois.
> 
> 1930s The Great Depression, leading into WW 2,
> caused by moronic 
> banking. (see The Lost Science of Money book,
> Chapter 20)
> 
> And I'm sure I've missed a number of debacles above.
> Friends the history 
> of banking control over our money system, is a
> history of fraud, 
> villainy and stupidity. Yet when we and others
> propose reforms, we face 
> demands for complete unrealistic perfection in our
> proposals or we are 
> attacked as being  "dangerous" to the system. Well I
> would certainly 
> hope that we are dangerous to this particular
> system, which is now 
> harming humanity, and has always harmed humanity!
> The progress made in 
> some specific areas has been in spite of this
> banking/money system, not 
> because of it.
> 
> But friends there is also some good news:
> 
> Presidential candidates in both the Republican and
> Democratic nomination 
> for President race, are identifying the problem -
> which is the first 
> step in its solution.
> 
> Republican Presidential Candidate Ron Paul has
> actually stood up against 
> the power of the Federal Reserve System, and
> challenged their very 
> existence. While the AMI may not share his
> particular vision of how to 
> solve the problem, nonetheless we congratulate his
> courage and 
> determination in taking this first step - to
> challenge their private 
> control over the American Monetary and banking
> system. Congressman Paul 
> is also a strong advocate of ending the Iraq war,
> and realizes that to 
> end warfare, one must remove the monetary system
> incentive to start 
> unnecessary wars, which exist in our present money
> system.
> 
> And just this morning in the Democratic Presidential
> debate we saw a 
> remarkable answer to a debate question given by
> Cleveland Congressman 
> Dennis Kucinich who is seeking the Democratic
> Nomination for President. 
> Here is the excerpt:
> 
> STEPHANOPOULOS: We're running toward the end of the
> 90 minutes... We 
> saw, on Friday, the Federal Reserve lowered the
> discount rate for banks. 
> Should they lower rates for everyone else, yes or
> no?
> 
> KUCINICH: The answer is no. The Fed is actually
> looking at bailing out 
> the creditors. And what we're looking at is a
> continuation of the 
> problem and a postponement of the day of reckoning.
> 
> We need to have a government take strong action
> where we'll loan money 
> to those who are in trouble. But we need to do that
> in exchange for 
> having the power, the money-lending power that the
> banks have right now, 
> come back to the government; government spends money
> into circulation; 
> and then government can maintain control over the
> economy.
> 
> KUCINICH: Unless we take this action, we're looking
> at a situation of 
> the collapse of our economy, and we're looking at a
> situation where 
> these hedge funds will try to get a bail-out while
> millions of Americans 
> lose their homes. Save the American homeowners.
> (APPLAUSE)
> End of excerpt, taken from ABC's Transcript of the
> debate.
> 
> Congressman Dennis Kucinich has taken an important
> step here, and should 
> be congratulated for bringing up this crucial issue
> in a nationally 
> televised forum.
>  
> You see  friends, whatever reforms you are striving
> for, whether its 
> health care, or a cleaner environment, or greater
> justice in the 
> criminal justice system or a more fair minimum wage,
> or writing off 
> unjust loans extended to 3rd world nations, or an
> end to the gross 
> stupidity of nonsense WARS for profit; the only way
> any of those goals 
> can be achieved in a lasting, permanent way, is to
> have monetary reform.
> 
> The reason is simply that whoever controls the money
> system ultimately 
> controls the society. You all know this -
> instinctively - if not from 
> experience. This has always been the dominant issue
> in American Politics 
> - though often unrecognized. Please see my
> presentation at the Green 
> Party's National Convention, linked at our website.
> 
> This money issue could become the major issue,
> especially if people had 
> a way to easily understand what is involved
> financially. Thats why the 
> AMI has worked on something called the Monetary
> Transparency 
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