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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. 

We will make the case, as the letter asserts, that our current money system is profoundly unjust, unsustainable, and undemocratic. We all need money 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 which was signed into law by Congress on December 23, 1913, and enacted on May 18, 1914, ceded the power to commercial banking corporations. It 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 is the protection of this privatized dysfunctional system.

The resulting massive economic and political power of commercial banks indebts people, governments, and businesses.  It widens the gap between rich and poor. It fuels environmental exploitation as bank loan recipients must labor and convert material resources to goods and services to pay off principal plus interest loans. It weakens the vast majority of us politically.

The Federal Reserve system is at the root of this privatized monetary system that is beyond the reach of public accountability. We must collectively transition away from our current debt money system to a just system of publicly created money. Join us!

Take charge! Take action! 

  1. Sign the letter as an individual or organization to the Board President of the Federal Reserve Bank of Chicago. The deadline is Wednesday, May 15th at 5PM CT.
  2. Join us at Alexander Calder’s Flamingo Sculpture, 210 S Dearborn St, Chicago on Saturday, May 18th at 12PM CT.
  3. Take part in any of the Mayday for Money events in Chicago, May 17th-19th. 
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Carol Lizotte
Carol Lizotte
1 month ago

Interesting proposal… haven’t read about this before… so who would be entrusted in monitoring the monetary and economic system? “To facilitate sustainable production and just exchange of the goods and services”, what would be the plan? Wondering what Robert Reich, someone whose opinion I respect, take would be on this? Are any politicians on board with this… could approach Bernie Sanders, another person whose opinion I respect. Thinking they could help to support this effort? Just wondering out loud. Are there any other countries who do this better?

Lucille Eckrich
Lucille Eckrich
1 month ago
Reply to  Carol Lizotte

Great questions, Carol, and great that you find this of interest! There was actually legislation introduced in 2011-2012 to achieve what we advocate. AFJM’s Legislative Action Committee (LAC) updated it in 2021-2022 and just finished an improved version of it that AFJM’s Board approved last month. We call our improved update the American Monetary Reform Act (AMRA). You’ll find that link to it and this two-page factsheet on it on AFJM’s Archive page, both of which have links to the original 2011 legislation it’s modelled on, the NEED Act. After “Mayday! for Money!” we will start to look for sponsors… Read more »

Susan S.Pastin
Susan S.Pastin
1 month ago
Reply to  Carol Lizotte

You are asking the same questions I am. We can’t just print money – that leads to rampant inflation. But but economic system SHOULD work for the majority of us, not a wealthy minority.

Howard Switzer
Howard Switzer
1 month ago
Reply to  Carol Lizotte

Dennis Kucinich introduced the NEED Act HR2990 to the 112th Congress, Conyers co-sponsored the bill, which would have taken the money power away from the private banking industry creating all money as interest-bearing debt and instead created a public utility creating all money as a permanently circulating asset, like cash. As Senator Durbin said, “And the banks — hard to believe in a time when we’re facing a banking crisis that many of the banks created — are still the most powerful lobby on Capitol Hill. And they frankly own the place.” This was further proven in the 2014 Princeton… Read more »

Carol Lizotte
Carol Lizotte
1 month ago

Interesting proposal… haven’t read about this before… so who would be entrusted in monitoring the monetary and economic system? “To facilitate sustainable production and just exchange of the goods and services”, what would be the plan? Wondering what Robert Reich, someone whose opinion I respect, take would be on this? Are any politicians on board with this… could approach Bernie Sanders, another person whose opinion I respect. Thinking they could help to support this effort? Just wondering out loud.