MAYDAY FOR MONEY
“If the American people ever allow private banks to control the issue of their currency, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” – Thomas Jefferson
Article 1, Section 8, Clause 5 of the U.S. Constitution reads:
“The Congress shall have Power . . . To coin Money and regulate the Value thereof”
This is the money creation power vested in congress by the Constitution.
It is impossible to exaggerate the importance of this Constitutional Right of the U.S. Congress to create our nation’s money. Supreme Court decisions have ruled this power includes all forms of money – coin, paper, digital/electronic.
Let this sink in. If our Congress, our Federal Government, has the power to create our nation’s money, why would our government ever need to borrow money? Why would there be government debt? Our Federal Government is directed by the Constitution to be the source of our nation’s money, not a borrower of our nation’s money. What happened?
What happened was the creation of the Federal Reserve Bank (the Fed) in 1913-14 by a small group of America’s most powerful bankers and complicit legislators, which effectively took the money creation power away from the U.S. Congress and gave it to the private banks.
The private banking industry now creates 97% of our nation’s money, and it is all issued as interest bearing debt. Our government, which was explicitly given the right to create America’s money debt free, is now required to borrow money, at interest, from the private banks through the issuance of government bonds and treasuries. We, the people of America, are now in debt to the tune of trillions of dollars plus interest to the private banking industry, for money that should have been created, debt and interest free, by our Federal Government itself. We have become the servants of Wall Street.
It doesn’t have to be this way. No less a person than Abraham Lincoln gave us the solution long ago:
“The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be the master and become the servant of humanity.”
The Alliance For Just Money has been working to accomplish exactly what Jefferson and Lincoln recommended – – – Remove the money creation power from the private banking industry and Return it to Congress and our Federal Government where it constitutionally belongs.
The Alliance is organizing actions to take place at Federal Reserve Bank of Chicago from May 17-19th. Below is a description of the planned events. Please take the time to look over the proposed actions, open the links to learn more, and please consider signing the letter to the Board President of the Chicago Fed. It is for the benefit of all.
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| Take Action: Sign AFJM’s Letter to the Federal Reserve!Urgent and fundamental problems require urgent and fundamental solutions. When those in charge are incapable or unwilling to make fundamental changes, then We, the People, must take charge!The Alliance For Just Money exclaims “Mayday! Mayday! Mayday!“ a distress call for our destructive money system, which is structurally incapable of serving our people and planet. Earth is warming and its species, oceans, and ecosystems are dying. Our government and people are drowning in debt; wealth inequality is growing exponentially; wars are multiplying; and the money supply is bigger than ever. Yet we are told there is not enough money to care for our people and planet! Individuals and organizations are invited to add their signatures to a letter initiated by the Alliance For Just Money and supporters of a public money system to the leaders of the Federal Reserve Bank of Chicago calling on them to work with us and elected officials to enact the American Monetary Reform Act of 2024. The letter is part of an action taking place at the Federal Reserve Bank of Chicago on Friday, May 17, starting at 12PM CT. It includes an outside press conference, leafleting, petitioning, and delivering the letter to and meeting with Federal Reserve Bank of Chicago leaders. Take charge! Take action!
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