Forum Post: The Need for Monetary Reform

Monetary reform is the crucial missing element needed to move humanity away from a future dominated by fraud, warfare, and ugliness toward a world of justice, sustainability and beauty.

Thus the money issuing power should never be alienated from democratically elected government and placed ambiguously into private hands as it is in America in the Federal Reserve System today.

In fact, the bulk of our money supply isn’t created by our government, but by private banks when they make loans. Through the Fed’s fractional reserve process what we use for money is issued as interest-bearing debt.

Our money system is controlled by private banks for their agendas, not for the common good. Our government has the power to issue money (Art.1, Sect.8) and spend it into circulation to promote the general welfare; including for infrastructure, education and health care; not misuse the money system for speculation as banks have historically done. Our lawmakers must now reclaim that power!