Open letter to Public Service and Media – How a peaceful transition to equal opportunity economics is very possible and very needed.
2011 October 23
For the information of All,
If you continue to ignore the evidence from the very mouths of the highest levels of international high finance now admitting that our current financial system is a disproportionate wealth transfering pyramid scam, you become as complicit in the crime being orchestrated against wider society as the illigitimate few that have gained most wealth under false pretences.
Mervyn King is current Governor Bank of England. Held senior positions for over 20 years. Below is what he says of our current international banking system in speech 25 OCT 2010 and when people of his inside knowledge confess the banking system has become a wealth transferring pyramid fraud, we should surely listen. Followed by five of the most comprehensive modern alternative honest money system institutions staffed by the utmost senior economists that are now alerting the public to our global economic reality and how a peaceful transition to equal opportunity economics is very possible and very needed;
“Of all the ways of organising banking, the worst is the one we have today. …eliminating fractional reserve banking explicitly recognizes that the pretence that risk-free deposits can be supported by risky assets is alchemy. To work, financial alchemy requires the implicit support of the tax payer…For a society to base its financial system on alchemy is a poor advertisement for its rationality.”
(Mervyn King, 2010, p17)
(Mervyn King, 2010, p17)
“Change is, I believe, inevitable. The question is only whether we can think our way through to a better outcome before the next generation is damaged by a future and bigger crisis. This crisis has already left a legacy of debt to the next generation. We must not leave them the legacy of a fragile banking system too.”
“At the heart of this crisis was the expansion and subsequent contraction of the balance sheet of the banking system“.
“when the financial system is seen as a whole, gross balance sheets are not restricted by the scale of the real economy and so banks were able to expand at a remarkable pace.”
“modern financiers are now invoking other dubious claims to resist reforms that might limit the public subsidies they have enjoyed in the past”, “Some claim that reducing leverage and holding more equity capital would be expensive.”, “The benefits to society, most obviously through greater financial stability, but also through factors such as higher tax revenue, are likely to swamp any change in the private costs faced by banks”
“Whatever solution is adopted, the aim must be to align private and social costs.”
“Another, more fundamental, example would be to divorce the payment system from risky lending activity, that is to prevent fractional reserve banking”
Dear Friends of the American Monetary Institute,
Our 7th Annual AMI Monetary Reform Conference in Chicago was our best yet! The high energy of our speakers and our participants was “electric.” Due to the immediacy of action, our conference report will be made available in November.
Jamie Walton(Kiwi), and I met with Congressman Dennis Kucinich, who described how he would explain to the public our money system in short episodes through his Youtube channel.
We are now distributing our flyers for HR 2990 (Print them here) and advocating for monetary reform at rallies nationwide. The question is, “Can Kucinich Money Bill Provide Focal Point for Protests?” We must respond “Yes!” not with words, but through action!
We are now distributing our flyers for HR 2990 (Print them here) and advocating for monetary reform at rallies nationwide. The question is, “Can Kucinich Money Bill Provide Focal Point for Protests?” We must respond “Yes!” not with words, but through action!
Warm regards to you and good luck! Remember this is a non-partisan activity!
Stephen Zarlenga
AMI
Stephen Zarlenga
AMI
The site contains the most straight forward resources of irrefutable proof of the banking fraud from the very mouths of the very highest players of international high finance and solutions.
David C Kortens – How to liberate America from Wall Street – IMHO it is one better than Positive Money Group as most comprehensive solution for new alternative honest money system because it covers the question of how international trade can continue after nation-states internally balance their eoconomies;
Another link where you can see David C Korten in action in a great quick vid; http://www.youtube.com/watch?v=gTKE_mpEUu0 ( David C Korten – The Great Turning from Empire to Earth Community.)
I could not encourage you enough to have a look at the below link to understand what I mean by the debate over the fraud at the core of the current system is no longer debated and the debate at the highest levels of high finance has moved on to what the alternatives need to be. The below shows students interacting with great new economic thinkers at recently formed Institute for New Economics. Very powerful stuff. The video on the right with former JP Morgan managing director admitting the current financial system has exceeded the limits of the biosphere is great http://ineteconomics.org/video/clip/saving-world-godzillas-bretton-woods-conference
One of the best visualisation resources I have yet seen;
http://www.youtube.com/watch?v=EQqDS9wGsxQ (Who killed economics)
People if you have any integrity you are now armed with the knowledge, and we are the ones we have been waiting for!
Yours
Iain Parker
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