On this day, Congress ceded the power of money creation to banks… Today we SEED a new future of Money for the people!
May 18th is the 110 year anniversary of the Federal Reserve and of Congress ceding the power to create money to banks. In 2024, we change the narrative of money back to a focus on people, and our planetary and societal needs. Join the movement for #JustMoney and come support the march on the Chicago Fed, teach ins, rallies and socials in Chicago. More details coming soon!
Mayday! Mayday! Mayday! The Alliance For Just Money has issued the distress call for our dreadful system of money, 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 inequity is growing exponentially; wars are multiplying; and we are told that there is simply not enough money to care for our people and planet!
Money is one thing we all need to survive in modern society, yet few of us know who creates our money and how it is created. Most of our money is created out of thin air by private banks as debt when they loan it to us and charge us interest for their privilege. It doesn’t have to be this way! The Federal Reserve System created by Congress on December 23, 1913, oversees, assists, and protects this system of private bank-created debt-money and is in no position to call for change. The Federal Reserve’s main job has become protection of this dysfunctional system.
The Alliance For Just Money advocates for a transition away from our current debt money system to a just system of publicly created money. We invite you to join us in Chicago on May 18, 2024, for “Mayday for Money!” at the Federal Reserve Bank of Chicago.
Just Money for Just Democracy
Creating money out of thin air as debt when banking corporations, especially large banks, issue loans not only increases their economic power, but also their political power. Banking corporations are incredibly profitable with 20 to 25 percent average profit margins. The largest banks have assets in the trillions of dollars! Banks not only have enormous economic/monetary power from their legal privilege to create what we use as money, but also from their power to determine where it’s distributed, which can make or break governments, non-banking corporations, and individuals. U.S. Supreme Court decisions declaring that a corporation is a legal person and that political money spent in elections equals First Amendment-protected free speech have further empowered banking corporations to corrupt the political process, through both political campaign contributions and lobbying, and to be shielded from public accountability. Banks bought our democracy in 1913, and Congress has allowed them to continue doing so ever since! We NEED Just Money NOW for Just Democracy tomorrow! We say “Mayday for Money!”