Debt-free Money: From here to there

Joe lays out the strategy for a transition to a debt-free money structure in this country, following the parameters laid out in the American Monetary Institute's proposal for adoption in the American Monetary Act. The major components are the absorption of the central banking functions of the Fed into the U.S. Treasury, the prohibition of the creation of debt-money by ALL banks in the future and the beginning of the issuance of debt-free money by the U.S. Treasury.

Category:

News & Politics

Tags:

• monetary reform
• debt-free money
• abolish the Fed
• equity-money
• the Money System Common
• Kettle Pond Institute
• economicstability.org
• full-reserve banking

[alby711]

interesting... tell me what you think about this vid about debt-free money please

watch?v=nNumEm2NzQA

btw what is the AMI stance on reserve requirements?

[joebhed]

My apologies.

I missed your comment.

Totally agree with those MoneyMasters guys.

Except for the pen.

That drives me crazy.

ALL banks would operate on a full-reserve basis.

What do you think?

Thanks.

[debtcc]

I completely agree with you.

[cilcannonvryce]

@nbm34 You might be right about that. There is the Ithaca HOURS, and a few other local currencies. I am writing about this in my book. I interviewed the creator of the Ithaca local currency Paul Glover....

Anyway. Dinosaur age. Hmm. No. The treasury mints coin and still produced U.S. notes at scheduled intervals. So how am I in the dinosaur age? But I understand your position about it being outmoded, the system that is. Bill Still and debt free money people like me are your friends. :)

[nbm34]

@cilcannonvryce With respect you are still in the dinasaur age of money. In FACT MONEY has now escaped the means of production and now exists as a entity beyond its original function from the industrial revolutions. We are in a post industrial age of peak oil and technological unemployment, and growing populations. These three main mega political dynamics. MEAN THIS IS THE END OF MONEY AND CAPITALISM as you know it,

We will be writing our own scripts soon in self survival co-ops.

[cilcannonvryce]

wasn't enough to prove who truly controls the money supply: the Bank of International Settlements and all the Central Banks control it. Period. Argue this all you like, but all our treasury does is stamp coins, nothing else. But, also know this, coinage is debt free. This is they only function of a treasury...DEBT FREE money production, and it always will be. The purpose, to allow money to be a servant, not a master.

[cilcannonvryce]

expect more debt. An iron clad amendment to the constitution requiring a balanced budget, or even locked down campaign finance reform via constitutional amendment won't solve our political-societal problems. The private central banks are in control of the quantity of the money supply and can by law, do as they like with it, and this is the root of all the nations financial woes. The M0, M1, M2, MZM statistical money aggregates show this as well, as if quantitative easing......

[cilcannonvryce]

@nbm34 - This will not stop the treasury from honoring the debt (trade deficits) that we have, whomever we have them with. In fact, at this points....tariffs would be implemented. In fact this is the largest exporters fears, that the U.S. will implement tariffs...it will raise the value of their currencies on the market and make exporting much more expensive. Debt free money is the only way to stop paying interest (surcharge) on the creation and usage of currency. Until we do this........

[shrit110]

@joebhed

I agree

Money should based on Demurrge (Like worgl) , a holding tax for Money. Problem is people forget the purpose of money , a medium of exchange.

[etzel33]

Still's new vid Secret of Oz corrects some fundamental issues that were part of Money Masters. They should be viewed as completely separate works IMO.

[DrReaper]

The government will screw it up somehow. Look at their track record. They are good at one thing. Hiding the truth.