Calling for Signers and Circulators of AFJM’s Petition for our Resolution for a National Monetary Commission
Dear Members, Subscribers, and Followers of the Alliance For Just Money:
Please take a moment from your busy and careful living to read (or reread) AFJM’s Resolution for a National Monetary Commission (here), and (if you haven’t yet) to add your signature to our Petition (here) on its behalf. Then consider forwarding this message to friends, relatives, neighbors, and other associates to ask them to do the same.
This Petition supports the bold political action of renown economist Hyman Minsky in 1994* and of the Alliance Board and Membership in 2020 in calling for a National Monetary Commission (NMC) to inquire into the structure of the banking and financial system and how to correct its increasingly apparent flaws.
Very importantly, AFJM’s Resolution specifically calls for the NMC to have on its agenda, near the top, the serious institutional and systemic reforms to our money and finance system called for by 400 economists in the 1930s** and by AFJM today. These reforms will establish a publicly-owned, sovereign-issued, debt-free money system to replace our private Federal Reserve System of perennial, compounding debt that is enslaving us all.
In short, We, the People, want our money back! We want Just Money and the stability, sustainability, prosperity, justice, democracy, and peace that a Just Money system will enable us to achieve thereafter and for posterity.
The reforms proposed in this Alliance Resolution are those specified in the 2011 NEED Act that the American Monetary Institute helped to formulate, that progressive Rep. Dennis Kucinich entered into the 112th Congress as H.R. 2990, and that AFJM’s Legislative Action Committee is currently updating.
While the times have certainly changed since 2011, for the most part every change has been a cause for greater public concern for the operation of our national money system, which is leading us both to escalating wealth concentrations and stratifications, with increased poverty and governmental austerity becoming the accepted, if not expected, outcome for our political leaders, and on a collision course with climate change and ecological degradation. These social and environmental injustices are unstoppable without systemic monetary reform.
The course we are on is unacceptable to the Alliance, and hopefully to our followers and friends. Please do your part to make sure we change course in our country and on our planet by adding your name to this AFJM Petition at your earliest convenience. Then ask your friends, family, neighbors, and colleagues to do the same and forward this Call to them. As soon as the pandemic is over, let’s all print copies of the PDFs of our NMC Resolution and Petition, and circulate them as we reconnect with our communities in person!
Lastly, remember to mark your calendars for AFJM’s Just Money Festival July 24th when the LAC will offer a not-to-be-missed improv session on how to plan, carry out, and debrief a meeting with your legislator an monetary reform!
With esteemed thanks for your effort,
~~AFJM Legislative Action Committee,
Joe Bongiovanni and Tom Wilda, co-chairs,
Alliance For Just Money, Inc., June 2021
* Minsky, H. P. (1994, October). Financial instability and the decline (?) of banking: Public policy implications. Working Paper No. 127. Annandale-on-Hudson, NY: Jerome Levy Economics Institute of Bard College.
** Phillips, R. J. (1995). The Chicago Plan & New Deal Banking Reform. Armonk, NY: M.E. Sharpe.
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