Take Action for Monetary Justice

Author Govert SchullerPosted on April 30, 2024April 30, 2024Categories Monetary ReformTags Economics, Monetary Reform, Politics

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 [also below] 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.

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 the Federal Reserve Bank, 230 S La Salle St, Chicago on Friday, May 17th at 12PM CT.
3. Take part in any of the Mayday for Money events in Chicago, May 17th-19th.

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Dr. Austan D. Goolsbee, 

President, Federal Reserve Bank of Chicago

230 South LaSalle Street
Chicago, IL 60604

Dear Dr. Goolsbee and the Federal Reserve Bank of Chicago Board of Directors:

Mayday! Mayday! Mayday for Money! The Alliance For Just Money (AFJM), allied organizations, and citizens are gathering together in Chicago this weekend to issue the international distress call about the US Federal Reserve System and related monetary systems worldwide.

Tomorrow marks the 110th anniversary of the formal signing of the Federal Reserve Bank of Chicago’s organization certificate.^[1] In passing the Federal Reserve Act in December 1913, Congress surrendered its Constitutional authority—under Article I Section 8—to create all U.S. money and regulate the value thereof. Congress instead ceded that power to the commercial banks nationwide. Over a century later, We, the People declare “Mayday for Money,” calling for a sovereign public money system. 

We and a growing number of citizens recognize that, no matter how officially established and protected it has been, the private, debt-based modern money system is inherently unjust, unsustainable, and undemocratic.^[2] Our current money system 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 the money supply is bigger than ever. Yet we are told there is simply not enough money to care for our people and planet! We must change this narrative and demand a sovereign public money system.

We are at a historical juncture regarding monetary policy and financial systems worldwide. With the rise of digital currencies, we invite you to dialogue with us to enact Just Money rather than allow our financial institutions to continue our private, debt-based money system. We call upon you to work with us and our elected officials to pass the American Monetary Reform Act of 2024, that will establish and transition us to a sovereign public money system.^[3]

Respectfully submitted by the undersigned, representing over _#_ organizations and _#_ individuals whose signatures are collected in our online petition at www.________.  

~~Alliance For Just Money Board of Directors and staff; American Monetary Institute Stewards; Move to Amend Co-Director Team; Banking & Monetary Reform Committee of the Green Party-US; An Economy of Our Own Advisory Board; and the Women, Money, & Democracy committee of the 108-year-old Women’s International League for Peace and Freedom-US; Ecological Economics for All.

Cc:  President Biden, Vice President Harris, and US Senators and Representatives

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