Author Topic: Hour Money  (Read 529 times)

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Offline bpocatch

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Hour Money
« on: December 21, 2010, 06:14:55 PM »
Dedicated to establishing an hour of work as the world base money unit.

Email:  snipped check the webarchive link Updated April 15, 2005

http://web.archive.org/web/20080112113915/http://hourmoney.org/ourmoney.htm

Our Money In a Nutshell

A sovereign government should never borrow money. When it borrows money, it loses its sovereignty to its creditors. The people of the United States, and the people of every country, need to own their money, not rent it. Money needs to be our money.

How can that be done?

The best way is to have government pay money into circulation for needed public works.
 
In More Detail

Money is a public utility. Everyone needs money to survive in the modern world. Mayer Amschel Rothschild understood the importance of money when he said in 1790, “Let me issue and control the money supply of a nation and I care not who makes its laws.”

Nothing is as important to modern government as ownership of the money supply of the nation.

Benjamin Franklin testified to the English Parliament that forbidding the colonies from issuing their own paper money would be a disaster. He later wrote that the resulting shortage of money was the real cause of the Revolutionary War.

Thomas Jefferson warned that letting private bankers create money was far more dangerous to the Republic than standing armies.

Albert Einstein argued that compound interest was more devastating that an atomic bomb.

Thomas Edison and Henry Ford both urged the government to finance infrastructure, specifically, the Muscle Shoals dam, with money the government created.

Ted Thoren and Richard Wagner, professional engineers who worked on the U.S. space program, identified the problem and published their finding in their book, Truth in Money.

Ken Bohnsack of Freeport, Illinois found enormous support for Congressional creation of interest-free money among elected officials in more than 3,000 tax-supported bodies such as school boards, city, town, and state governments.

A conference on having government create money rather than borrow it will be held at the Essex Inn in Chicago September 29 through October 2, 2005. Contact the American Monetary Institute for details and to register.

http://www.monetary.org/