American Monetary Institute

“Over time, whoever controls the money system, controls the nation.”

- Stephen Zarlenga (1941 – 2017)

The American Monetary Institute is a publicly supported charity founded in 1996. The real outcomes in society – whether there will be general economic justice or corrupt financial privileges for the few – are usually determined by the structure of a society’s monetary system.

“Over time, whoever controls the money system, controls the nation.”

- Stephen Zarlenga (1941 – 2017)

The American Monetary Institute is a publicly supported charity founded in 1996. The real outcomes in society – whether there will be general economic justice or corrupt financial privileges for the few – are usually determined by the structure of a society’s monetary system.

AMI Press Release on Letter to COP26

 

PRESS RELEASE

Monetary conference calls COP26’s attention to the connection between the monetary system and climate change

Chicago, November 11, 2021Last weekend, from November 5 till the 7th, the American Monetary Institute organised its 17th annual conference on monetary theory and reform. The conference brought together some of the world’s leading experts on monetary history and theory together with some of the world's most serious advocates of real and achievable economic and monetary reforms.

Attendees of the 17th Monetary Reform Conference signed a letter addressing the strong correlation between the current, debt-based monetary system and climate change. They also call for the debt-based system to be changed into a sovereign monetary system.

The concise statement released to the participants of the UN Climate Conference’s COP26 is as follows:

We acknowledge there exists a strong correlation between the current, debt-based monetary system and climate change. It acts through multiple paths of transmission, which have to be taken into account to find just and sustainable solutions.

On top of that, we strongly believe that a sovereign monetary system will allow substantial public investments which are required to steer global civilisation from a brown, carbon-based system to a green, equitable, post-fossil fuel age with a balanced carbon cycle.

The statement, with ample background references and names of signers, can be found on-line here

AMI is a publicly supported charity to present the results of research leading to monetary reforms which bring forth a greater level of economic justice. The institute was founded in 1996 by Stephen Zarlenga, author of The Lost Science of Money.

Contact: Steven Walsh, Executive Director, (773) 636-8255, This email address is being protected from spambots. You need JavaScript enabled to view it.

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Congressman Kucinich’s Historic Monetary Reform Bill HR 2990

kucinich

September 21, 2011 – Congressman Dennis Kucinich introduced an employment bill reforming our money system: The NEED Act proposes a historic money reform, containing all the monetary provisions of the American Monetary Act including ending “fractional reserve” banking.

 

 

Linking Democracy, Healthcare and Monetary Reform

By Nick Egnatz

Open Letter to President Trump

How to Unify America: Rebuild Our Infrastructure, Education and Health Care systems Without Debt; Reduce Taxes and Deficits – Without Reducing Services

NEED Act creates over 50 million jobs: 1-pager

This can happen quickly!   Good jobs in infrastructure, education, health care, R&D, etc.

The N.E.E.D. Act gives an Immediate, Seamless and Non-Disruptive Overnight Transition from a Crisis-Prone

Bank Debt System to a Stable Government Money System.
This elegant and simple law will overnight convert our unjust crisis prone bank debt money system into a pure, reliable U.S. money system. Here is how that happens when its’ passed into law.

32 page Monetary Reform Manual

AMI’s Monetary Reform Brochure with explanations, historical background, the full text of the NEED Act; answers to the 20 most frequently asked questions; and how you can get involved. It also has our Intro to Monetary Reform. This brochure has the “intellectual power” to solve our nation’s greatest problems, from Jobs to Justice; from Energy to Environment; etc. Really! But it needs YOU, for the POLITICAL POWER! Please read it and help!

Robert Poteat and Stephen Zarlenga’s piece on “The Nature of Money” for the Journal of Islamic Economics

A Refutation of so called “Modern Money Theory” (MMT)

This brilliant paper from Prof. Joseph Huber to the 2013 AMI Conference, analyzes MMT and shows how MMT fails to seek real monetary reform. This landmark paper was sent by the Real World Economics Review to its 25,000+ subscribers! MMT thinks they can ignore it.

Dr. Michael Kumhof’s “Banks are not intermediaries….”

This is Michael Kumhof’s first paper in his new position at the Bank of England in London, continuing his groundbreaking work on money and banking.

“Money Creation in the Modern Economy” by: McLeay, Radia and Thomas, from The Bank Of England

Since its nationalization in 1946 after WWII, the Bank of England presents its first quarter 2014 bulletin, explaining exactly how banks create “money” out of thin air when they make loans.

Hundred Year Old Federal Reserve System Problem

A Viable Solution to the Economic Crisis, by Robert Poteat of the AMI, takes on the crisis creating Federal Reserve Banking System and presents a viable alternative and solution to it in Kucinich’s N.E.E.D. Act (National Emergency Employment Defense Act).

AMI’s Cooper Union Event: Fixing Our Broken Money System – Videos Now Available!

To receive your videos of the event, please see our fundraising note and video order form.

Stephen Zarlenga’s Cooper Union radio interview for Occupy Wall Street

AMI Evaluation of “Modern Monetary Theory”

The AMI evaluation of Modern Monetary Theory (MMT) addresses the issues that arise over MMT’s misguided views on monetary facts, and its gross error in assuming that all money must be debt. That alone is all that’s necessary to wreck a monetary system and turn it into a wealth concentrating engine – into the “wrong” hands!

Stephen Zarlenga’s Speech at the U.S. Treasury in 2003

Zarlenga’s address to the U.S. Treasury entitled “Solution to the State’s Fiscal Crises”.

Stephen Zarlenga’s Speech at the Green Party Convention in 2007

For the first time, a major political party has a platform plank (2012) supporting real monetary reform, which includes the major provisions of the American Monetary Act. This momentous progress came as a direct result of director Stephen Zarlenga’s speech.

Stephen Zarlenga’s Speech at the House of Lords in 2004

Zarlenga’s address to the UK's House of Lords entitled “Monetary Justice Using Publicly Created Money to Fund Public Projects”.

Professor Kaoru Yamaguchi’s Model of the NEED Act

Professor Yamaguchi (Berkeley, Doshisha Universities) shows that Kucinich’s NEED Act HR 2990: (1) Provides the funding for infrastructure repair (which solves the unemployment crisis) (2) Pays off the national debt as it comes due (3) Does this without inflation! Click here to watch a video of Professor Yamaguchi’s presentation to the 2010 AMI Conference. Wow!

The meaning of the U.S. Constitution’s coinage clause

(Art. 1, Sect. 8, Par. 5) by Robert Natelson

AMI Achievements

Here are some of our most important achievements to date, made possible by the support of our generous donors who have contributed time and resources throughout the years.

Selected Articles from AMI Researchers

-A Viable Solution to the Economic Crisis – statement from Robert Poteat of the AMI on the one-hundred year old Federal Reserve Banking System and an available solution from former Congressman Dennis Kucinich – HR 2990 of the 112th Congress.

-Occupying the NEED Act, by Nick Egnatz, gives an easy to understand primer on the nature of money, monetary systems, and the 3 major reforms that make up the NEED Act.

-Getting What We NEED, by Nick Egnatz, describes the reforms present in the NEED Act and how a debt-free money system would benefit the overwhelming majority of American citizens.

-Mourning 100 Years of Usury under The Fed, by Nick Egnatz, details the tragic 100th anniversary of the private Federal Reserve System, when the U.S. government gave to a private banking cartel that which no government has the right to give away – the sovereign right of a people to create and control their own money.

-Sequesters, Shutdowns and Defaults - read AMI's Huffington Post article concerning the most recent debt limit crisis – co-written by Nick Egnatz, Jamie Walton, and Stephen Zarlenga.

-Summary of AMI Conference 2013 by Nik Livic.

-AMI hosted monetary talk at the New School - watch footage of Stephen Zarlenga’s presentation at the New School in New York, May 2014.

 

Key Articles