The FREE PRESS

Apparently there’s a bit of a stink on Wall Street these days. Someone’s misplaced $700 billion (and the rest) and is in need of borrowing a bit to tide them over ’til next week. Any takers?

The Senate is pretty keen. So too, according to the paid for puppet advocates in the media, will be the House of Representatives. Just so long as the US taxpayer meets the bill thereby maintaining the culture of “Private Profits, Public Debt” so much favoured by the thieves union that is big business, the Govt and last but not least, the privately owned Fed and its attendant stockholders.

Anyone who has read Stephen Zarlenga’s classic “The Lost Science of Money” (and I have, so there), knew this day was coming and also knew what would drive it. Many others who haven’t read the book also know what ails us monetarily, and it isn’t markets or regulations or G W Bush’s ineptitude in all matters or any of the other fanciful tosh dreamed up by the hacks that churn out the daily 9 o’clock brainwashing news. What ails the system is this:

The money that is foisted upon us is of an intentionally poor quality. A bit like low grade motor oil where the more you use, the faster you destroy the engine.

You’ll need a little bit of this low grade money to buy Zarlenga’s book, but after reading it you will be wiser than  every obedient talking head media minion out there in understanding just what is wrong with the system and the measures available to us to put it right. Put another way, any steps taken that do not change the way in which credit and money is created cannot make a difference to our diseased monetary system.

Someone of course who can afford the book is the ex head of the Fed, Sir Alan Greenspan. A pity he didn’t do us all a favour and buy a copy a few years ago so that this debilitating mess in which he played no small part in creating could have been avoided.

“Greenspan is so well regarded in Britain that Queen Elizabeth II awarded him an honorary knighthood in 2002 in recognition of “his outstanding contribution to global economic stability.”

Big Al’s outstanding contribution of course has been in playing a major role in taking down the US money system for the benefit of The Crown in London. Which is not to be confused with The Queen who is employed by The Crown to look good, hand out knighthoods to the egotistically enfeebled and make everyone forget about those Crown lads who plot day and night to bring about their one world, one currency system. Next stop for the US, the Amero. Tell em Sir Al sent ya.

Here’s the latest from Mr Zarlenga addressing the current financial fiasco specifically.

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Press Release  from the American Monetary Institute   Sept. 29, 2008

Contact person: Stephen Zarlenga       phone: 224-805-2200

The following press release is issued by the American Monetary Institute following its 4th annual Monetary Reform Conference at Roosevelt University, Sept. 25-28th.

“The private financial sector has failed. The public sector is expected to rescue them and it will. Therefore the public sector should control the money system to benefit the  country”.

Why No Immediate Wall Street Bailout Will Work

In order for the bail out to work, it needs to restore confidence among the public, not just Wall Street gamblers. Confidence won’t be restored by rushing Congress into bailing out the very same people who wrecked our money and banking system. That will actually harm things further. The public understands this and sees the $700 billion grab as adding insult to injury.

The only way to restore confidence is if the Congress is seen to be carefully deliberating how to solve the crisis, in the American interest.

The people will then understand that Congress is doing its job and our country can then start rebuilding it’s money system. The Predators accurately judged the Democratic and Republican Congress to be jellyfish. But they misjudged the American people, who have given our congress some backbone. We are going to have our opportunity to replace our unjust money system with a good one in the coming months and years, as this crisis develops.

MORE SPECIFICS FOLLOW and more is at http://www.monetary.org:

Monetary Reform of the Federal Reserve System.

At the heart of the problem is that our money system has been privatized. Naturally it’s been run for the benefit of the “privates” in control, with minimal concern for the public interest.

Legislation called The American Monetary Act has been in preparation for years. It’s based on well known monetary principles and actual experience from our own, and other countries monetary history. (see the act at http://www.monetary.org/amacolorpamphlet.pdf)

The Act incorporates the Federal Reserve System into the U.S. Treasury. It removes the banking systems privilege to create money, placing that firmly within government, and it establishes areas for governmentally created money to be introduced into the economy for infrastructure, including the human infrastructure of health care and education.

Should the situation deteriorate markedly now, the American Monetary Act could be put into effect immediately with the reliable understanding that it would be a definite and major improvement over the current system.

Our money system would then shift away from credit and debt, to real money. One difference between money and credit is that during uncertain times, credit evaporates as confidence declines, but money does not go out of existence, it is much more stable. A big part of the current problem is that while we have had loads of bank credit circulating, there has been very little “real money” issued by government in circulation mainly our coins and bills. The credit is evaporating along with housing valuations.

The AMI has been ready and working on these provisions for years, while realizing that it unfortunately might require a crisis to bring real attention to it. We have the crisis now.

Rather than borrowing the $ billions being demanded, and ending up paying back about 3 times the amount after interest charges, The US Government would issue money itself, instead of borrowing it from banks. But while the banks issue credit that substitutes for money, the U.S. would issue actual money. Our Government has the power to create the money, in an account, or by simply printing it as “greenbacks.”

There would not be inflationary effects, because it was already believed that those moneys existed in the form of the real estate values and loans. In effect this would stop a deflation which will follow from writing down those assets and loans to their present market values. Conditions in the act assure that the banking system could not use those government created dollars for further credit creation, as that would be inflationary. The US Treasury would help direct the money into the real economy, not speculation.

Warmest regards and ready to help,

Stephen Zarlenga
Director,
American Monetary Institute
224-805-2200

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