Alternative currency and balanced living system. Alternativna valuta i uravnoteženi životni sistem. Moneta alternativa e sistema di vita equilibrato.



Home Alternative News News The Fundamental Question About The Money And Debt

Crom Alternative News

Investigative journalism and useful articles on various topics.
User Rating: / 1

If all the money comes to exist into the circulation as a debt, how can we distinguish between creditor and debtor, if we don't know who is the owner of money at the act of issue?

Money Belongs To The People, Not The International Bankers

The overriding question on the Federal Reserve is: “What should we do with this intruder that seized the House of Representatives’ constitutional duty to create money and regulate its value?” As AFP reported on page 2 in its Oct. 25, 2010 edition (No. 43), several commentators and activists, at this 100-year mark since the Fed’s initial conception on Jekyll Island, are considering how to operate in the post-Fed years.

AFP has focused extensively on monetary reform, finding that there are two schools of thought on what to do with the Federal Reserve System: Nationalize it, which may preserve some of its components; or dissolve it, leaving nothing behind.


You need to a flashplayer enabled browser to view this video


Mickey Paoletta, who heads the Citizens Reform Center that teaches about banking and debt, was especially firm when contacted by AFP.

“My view is that it should be abolished—every square inch,” he said. “Get Congress to instead create a [public] monetary commission that directly reports to the House.” He clarified that the federal government, instead of borrowing money from private bankers at interest, would create its own money directly interest-free—“at plus or minus 3 percent of the gross national product.” That commission would oversee the government’s money creation.
The money supply in this scenario, according to Paoletta, would be “inflationproof” since care would be taken to make sure the supply does not outpace the quantity of goods and services to a degree that would trigger monetary inflation.

Venturing into the parallel question of whether a world without the Fed would include a gold standard, Paoletta stated, “They control the gold,” referring to the global banking cartel’s ability to meddle with the supply and value of gold that would back the currency.

American Monetary Institute (AMI) leader Steven Zarlenga has told AFP on more than one occasion that nationalization is the way to go. He once said that nationalization is essentially the same as “ending” the Fed. Annual End the Fed rallies started across the country in November 2008.An actual end the Fed bill (HR 2755) was brought forth earlier in 2008 but died for lack of congressional cosponsors. Different versions of bills to simply audit the Fed soon followed. Finally, a limited Fed audit made it into a 2010 Wall Street reform bill that Obama did sign into law.

Former Michigan U.S. Taxpayers Party chairman Dennis James said that, with nationalization, “You could end up with the same thing with a different name.”

The idea of nationalizing the Fed has a certain “slickness” about it that he finds troubling.

Paoletta warned that, conceivably, the Fed’s Board of Governors, the creation of which was a small compromise by the Fed’s founders to win public confidence in the early days, would stay intact under nationalization. Regarding the Fed’s fate, former AFP staffer Tony Blizzard, responding to a query, replied that only government should create money—and stop there. “[Keep] government out of the banking business and banking out of the money-creation business,” he said. As for either nationalizing or dissolving the Fed, Blizzard responded, “Neither. Let it continue to operate but only as a common bank with new rules.When either the government or the banks have the ability to both create money and loan it, you are asking for the trouble we have today.”

But Paoletta said that nationalization means the Fed, although presumably weakened, “would become part of the government.” He views this option as too risky because “the monster” still lives.

Yves Jacques, a social credit monetary reform advocate, called nationalization “a smokescreen,” adding, “The U.S. would just own the building with the same old people (private bankers) doing the same thing. Every time they talk about nationalizing the banks, the money supply is still not put in the service of the people. The money belongs to the people; government is only supposed to be the steward.”

A fall 2010 article in the independent British newspaper, the UK Column, noted that the private Bank of England, established in 1694, was “nationalized” in 1946. “The bank lost some of its operational independence, with regard to monetary policy, but it still continued to operate as an independent commercial bank with customers other than the British government. In 1998, its full independence was returned to it,” the Column explained. The Bank of England “still operates in secret”—and has other commercial interests such as heads of state and foreign governments—“as it always has,” the Column continued. “It is not accountable to the taxpayer in any way.”


22 November 2010, American Free Press, by Mark Anderson


Crom - Free Planet Money, A Choice In The Form Of Alternative Currency That Through Internet And Mobile Banking Is Available To Everyone, Anywhere In The World. Crom - Novac Slobodnog Planeta, Izbor U Obliku Alternativne Valute Koji Je Kroz Internet I Mobilno Bankarstvo Dostupan Svakome, Svugdje U Svijetu. Crom - Denaro Dell Pianeta Libero, Una Scelta In Forma Di Moneta Alternativa Che È Attraverso Internet E Mobile Banking A Disposizione Di Tutti, Ovunque Nel Mondo.Publish Your News

If you are a registered user, you can publish and syndicate your content to the web through this news service.

Crom payment system represents a monetary reform, different way to make the money supply equal to the available supply of goods and services, and a new method to finance the economy without usury. In practise, an ideal opportunity not only for global and local business, but also for movements and projects which promote sustainable natural living, food sovereignty and greater auto-sufficiency, production and consumption of renewable green energy, such as Transition Towns and ecovillages. Crom platni sustav predstavlja monetarnu reformu, drugačiji način da se ponuda novca izjednači s dostupom ponudom roba i usluga, te novu metodu za financiranje gospodarstva bez lihvarenja. U praksi, idealna prilika ne samo za globalne i lokalne tvrtke, već i za pokrete i projekte koji promiču održivo prirodno življenje, prehrambenu suverenost i veću samodostatnost, proizvodnju i potrošnju zelene energije, kao što su u Tranzicijski Gradovi i eko sela. Sistema di pagamento Crom rappresenta una riforma monetaria, modo diverso per livellare l'offerta di moneta con l'offerta di beni e servizi disponibili, e un nuovo metodo per finanziare l'economia senza usura. In pratica, l'occasione ideale non solo per le aziende globali e locali, ma anche per i movimenti e progetti che promuovono la vita naturale sostenibile, sovranità alimentare e una maggiore auto-sufficienza, produzione e consumo di energia verde rinnovabile, come le Città in Transizione e ecovillaggi.    News Categories


 Regardless of whether you are the owner of e-shop, small entrepreneurs, worker looking for a housing loan, farmer in financial difficulties or an ordinary consumer who needs to borrow money to buy a new television, Crom Alternative Currency System offers monetary sovereignty and the possibility of life with more democracy and less police, military and lawyers, less taxes and more tourist travels with vehicles that do not pollute the environment, less stress and more free time and going to the restaurant more often... Bez obzira na to jesi li vlasnik elektronske trgovine, mali poduzetnik, radnik u potrazi za stambenim kreditom, farmer u financijskim problemima ili obični potrošač koji treba posuditi novac za kupnju nove televizije, Sustav Alternativne Valute Crom nudi monetarnu suverenost i pruža mogućnost života s više demokracije i manje policije, vojske i advokata, manje poreza i više turističkih putovanja vozilima koja ne zagađuju okoliš, manje stresa i više slobodnog vremena i odlaska u restorane... Non importa se sei il proprietario di un negozio online, piccolo imprenditore, lavoratore in cerca di mutuo per l'acquisto della prima casa, l'agricoltore in difficoltà finanziarie o consumatore che ha bisogno di un prestito di denaro per comprare una televisione nuova, Sistema Di Moneta Alternativa Crom offre la sovranità monetaria e una possibilità di vita con più democrazia e meno polizia, militari e avvocati, meno tasse e più viaggi turistici con veicoli che non inquinano l'ambiente, meno stress e più tempo libero e uscite al ristorante...    Login

What happens next if the state can go bankrupt?

 Tired of financial crisis, public and private debt, high interest rates, increasing inflation, declining purchasing power and excuses? It's a time for a change... something new and completely different... independent monetary and financial system, marketplace and social network - all in one... Umoran od financijskih kriza, javnog i privatnog duga, visokih kamata, porasta inflacije, pada kupovne moći i političkih izvinjenja? Vrijeme je za promjene... nešto novo i sasvim drugačije... neovisni monetarno financijski sustav, tržnica i društvena mreža - sve u jednom... Stanco delle crisi finanziarie, debito pubblico e privato, alti tassi di interesse, inflazione crescente, declino del potere di acquisto e scuse politiche? È ora di cambiare... qualcosa di nuovo e completamente diverso... sistema monetario e finanziario indipendente, mercato e rete sociale - tutto in uno...     Who Is Online?

We have 2969 guests online


nezavisne vijesti, notizie indipendenti, independent news, informations, informacije, informazioni, kredit, loan, prestito, seigniorage, mutuo, signoraggio Latest Forum Posts