Howard Switzer
2 min readNov 3, 2024

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Jan, I couldn’t be more delighted to see your article, it is a message that I continually deliver myself along with a few others. I think it is information that everyone needs to understand so we can begin a real movement for change. The current system is built on Usury, a practice once banned by all religions and should be banned today. I think you would be interested in our group at monetaryalliance.org. We advocate passing the NEED Act of 2011 (HR2990). We are part of IMMR, the International Movement for Monetary Reform, we recognize it is a global problem. As the ancient Greeks acknowledged 2000 years before Christ, the most vital prerogative of democratic self-governance was to issue the money.

The Stanford Encyclopedia says there are but two theories of money, the commodity theory, using a commodity for money or to back money, and the credit theory where credit is used for money. Both of those systems being privately controlled. No theory for creating money as money? That is what the greenbacks were, money issued as money, a permanently circulating asset. When they were issued debt began to disappear from the economy.

This is what we need. The current global debt is over $300T while the global money supply is only $84T and the wealthy have most of it. Another of by favorite JKG quotes is: “The problem of the modern economy is not a failure of a knowledge of economics; it's a failure of a knowledge of history."

This is what the American Revolution was all about, getting out from under the control of international banks and while they won militarily, they lost the war monetarily as Hamilton got the nation in debt to the private Bank of England in 3 years.

It is high time we changed that. We can change the money system to serve the many instead of only the few. Instead of privately issued debt-based money, a form of slavery, we can have publicly issued care-based money, issued for public care as its first use in the economy. This would shift the paradigm from fear to love.

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Howard Switzer
Howard Switzer

Written by Howard Switzer

Howard Switzer is an ecological architect and monetary reformer in rural Tennessee.

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