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Editorial:

News by email from the American Monetary Institute, 19 December 2010:

IMPORTANT MONETARY NEWS ALERT: MAJOR, HISTORIC PROGRESS BEING MADE

On Friday December 17th Congressman Dennis Kucinich (D,Ohio, 10th District) took a crucial and heroic step to resolve our growing financial crisis and achieve a just and sustainable money system for our nation by introducing the National Emergency Employment Defense Act of 2010, abbreviated NEED. The bill number is HR6550.

While the bill focuses on our unemployment crisis, the remedy proposed contains all the essential monetary measures being proposed by the American Monetary Institute in the American Monetary Act. These are what decades of research and centuries of experience have shown to be necessary to end the economic crisis in a just and sustainable way, and place the U.S. money system under our constitutional checks and balances. Yes it can be done!

We expect this bill will also be re-introduced next year in the 112th Congress. By putting it in now Congressman Kucinich accomplishes these important things:

* First, the seriousness of intent is underscored;

* Second, it gives our nation the opportunity to view, discuss and understand the necessary provisions, giving the chance to make improvements for re-introduction;

* Third it serves as a beacon to our beleaguered people, cutting through the error, vested interest and disinformation that has blocked monetary reform understanding and action in the past.

The American Monetary Institute has activated its blog at http://moneyreform.wordpress.com/ to discuss and review any questions about this act. Just click on the blog link at our homepage. You can read a copy of the legislation there.

To participate in this process, please sign up at the bottom of our home page at http://www.monetary.org. Then, after reading the proposed legislation feel free to make comments or put questions on the blog, including thoughtful suggestions on how it might be improved.

Warm regards to all,
Stephen Zarlenga, AMI

The Act proposes an initial issue to all of a Citizens' Income to inject some 'liquidity' into the 'economy', but aims for 'full employment', not the 'individual sovereignty' which ongoing Citizens' Incomes would provide – ending the 'need' for wage-slavery! However, this is an encouraging development, and if the bill eventually gets into law, it should then greatly strenghten the campaign for Basic Incomes, especially as the urgency of the need to cut back on resource-consumption gains acceptance.

UK readers: I urge you all to publicise the similar Bank of Englnd Act being promoted by PositiveMoney.org.uk.

Th time is now, if ever, to overthrow the Money Masters – the power behind the scene – by popular demand, if we can spread the message widely enough. Given Douglas Carswll, MP's bill introduced to our parliament last September, and Mervyn King's speech in New York in October (see my last two Editorials), as well as the spread of the message on the Internet, things are beginning to look hopeful.

– Brian Leslie
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