The American Monetary The American Monetary ActAct

Presented by Jamie Walton for

the American Monetary Institute

http://www.monetary.org

The American Monetary ActThe American Monetary Actcontainscontains

theinitial

minimumsteps

necessary

to put time on our side for ...

recoveryrestoration

stabilityprosperity

sustainabilityjusticepeace

securityfreedom

anything else we want ...

The American Monetary Act has3 inter-related elements

which must all be done together to work:

1) Place the Federal Reserve System within the U.S. Treasury (like the U.S. Mint already is);

2) Take back the sovereign power of creating our money from banking to we the people through our government (as per the U.S. Constitution);

1) Create all money required by society without any debt attached and spend it into circulation to “promote the general Welfare” (well-being).

i.e., we make the money system work for us.

What the U.S. Constitution saysabout money

“[ The Congress shall have Power… ]To coin Money, regulate the Value thereof, and

of foreign Coin, and fix the Standardof Weights and Measures;”

(Article. I; Section. 8.; Clause 5:)

Note:1. The distinction between coin and Coin.

2. The correspondence between Money and Value.3. The correspondence with determining a Standard

of Weights and Measures.

The American Monetary ActThe American Monetary ActTITLE I

Sovereign and Constitutional power to create moneytaken back by Congress and restored within the U.S.system of checks and balances:

• All money is made U.S. Money (legal tender)• Monetary Authority (a statutory body) determines

how much money is needed in the economy to meet statutory monetary policy objectives

• Congress determines monetary policy objectives and authorizes spending of money (as now)

• Treasury creates and issues money as authorized by Congress and administers and regulates the monetary system and banking system (as now)

The American Monetary ActThe American Monetary ActTITLE II

Federal Government debt instruments are retired asthey become due by paying U.S. Money.

This money will then be available for investment in the

private sector (through banks and financial markets).

The American Monetary ActThe American Monetary ActTITLE III

Present banking practices change so banks cannotcreate any money but can continue to lend money:

• All money is converted to U.S. Money (in all forms)• Treasury administers the conversion process to

ensure that banks always have enough money• All money previously created by banks is returned to

Treasury as it is received by banks from ‘borrowers’

• Treasury re-issues this money (and more if needed) into the economy as needed via a revolving fund

• Banks stay in business like any other business

The American Monetary ActThe American Monetary ActTITLE IV

Federal Reserve System placed within U.S. Treasury

to continue many of its important functions:

• Central Bank• National payment systems management• National funds processing clearinghouse• Fiscal agent for U.S. Government

Federal Reserve System experience and expertise is

retained while its power over public policy is removed.

The American Monetary ActThe American Monetary ActTITLE V

Money created and distributed to create new wealthand restore existing wealth to good condition:

• Infrastructure improvements (hardware)• Education and Health Care improvements (software –

‘human infrastructure’)• State and Local government grants and loans (0%)• Farming parity assurance (good food security)• Citizens dividend (effects of initial trial measured)

Immediate arrangements to resolve mortgages and torecover ‘bail-out’ funds – any and all fraud prosecuted.

The science of moneyThe science of money

“All goods must therefore be measured bysome one thing... now this unit is in truth,

demand... money has become by convention

a sort of representative of demand; and...exists not by nature, but by law…

money then acting as a measure makesgoods commensurate and equates them...”

– Aristotle (Ethics)

We can demand what we can supply ...

The science of moneyThe science of money

“a device ... whose legal and permanent value

... being officially promulgated, circulated and

maintained its purchasing power ... from itsquantity. Since that time, only one

consideration in an exchange is calledmerchandise. The other is called price.”

– Julius Paulus (Code of Justinian)

We need money to meet the price ...

The science of moneyThe science of money

“Money’s essence (apart from whatever

is used to signify it), is an abstractsocial power embodied in law, as anunconditional means of payment”

– Stephen Zarlenga

(The Lost Science of Money, p. 657)

Note: it’s societal, and there’s no debt!

The science of moneyThe science of money

ensures sufficient money is availableto meet the needs of the economy:

Note: there’s no debt

Real Financial

Wealth(Supply)

dynamic flows ofthings available

for sale at a price ($)

Money(Demand)

dynamic flows ofmoney to pay

those prices ($)

Here’s how we do it!

The sovereign nation creates its own moneythrough its government – not through banks.

All money is created as money, not IOU money.

No debt is created when money is created.

Banks handle your money, but don’t create any.

Banks only lend money they have already received

for that purpose.

The nation stops going into debt to getthe money to get the things its already got!

What’s changed?

By law we make the money in your bank account actually your money – like cash in your pocket.

The money in your checking account will be yours and only you can decide what to do with it.

Your bank will look after it for you.

Any money you transfer to a savings or investment account will be your loan to the bank for it to

loan or invest on your behalf.Your bank will act as your intermediary.

These rules stop banks creating ‘money’.

The science of moneyThe science of money

ensures sufficient money is availableto meet the needs of the economy:

Note: there’s no debt

Real Financial

Wealth(Supply)

dynamic flows ofthings available

for sale at a price ($)

Money(Demand)

dynamic flows ofmoney to pay

those prices ($)

PEOPLE

(via White House) (via White House)

$ $

PEOPLE

STRUCTURE

CONGRESS

TREASURY

MONETARYAUTHORITY

The American Monetary ActThe American Monetary Actcontainscontains

theinitial

minimumsteps

necessary

to put time on our side for life

– That’s All!