— submitted by Michael Wm. Delay
Green Party Member, Lake County, Florida
February 5, 2014
Ask yourself the following question. How do we get from an unjust, broken down social–economic system to a Green Party world, where the Green Party’s 10 key values become the norm?
We can all agree that many reforms need to be implemented, and that they all have a common thread, in that when all is said and done, our monetary system determines the type of world we live in. From the days when the 13 Colonies began issuing colonial script, to our present–day Federal Reserve notes, you can see another common thread, around who will be in charge of issuing our money supply.
Our present day Federal Reserve Bank is a cartel of privately owned banks hiding behind the facade of the federal government. A small group of people owns shares in this cartel, but no one can know who they are . They do not have to tell anyone who they are, or who they give money to, as we learned so painfully during the 2008 bailouts.
Article 1; Section 8; Paragraph 5 of the U.S. Constitution states: “Congress shall have the power to coin money, regulate the value thereof and of foreign coin and fix the value of weights and measures …” The Treasury Department still issues our coins (approximately 1/1000th of our money supply), that is a very small portion of the total money issued. The vast majority of it is issued by the commercial banks — with interest attached. Every time someone goes to the bank for a loan, the banks have the ability to create new money out of thin air.
So our Government has given away the ultimate power to issue debt free money to and for its people. When Abraham Lincoln needed money to fight the Civil War, he first went to the bankers, but they wanted too much interest. So he decided to cut out the bankers and instead issued Greenbacks, i.e., government issued money with no debt attached. Greenbacks were accepted as legal tender and used for many years.
The only time we did not have a national debt in this country was after Andrew Jackson was elected President in 1828, campaigning under the slogan of “Jackson for President and No Bank.” He vetoed renewal of the charter of the central bank of the day, and government money was placed in state banks. Today, North Dakota is the only state which still has a state bank. North Dakota’s revenues are placed there to help fund the infrastructure, businesses, citizens and students of the state. North Dakota presently has budget surpluses which help pay for the services it provides its citizens.
So back to our original question: How do we get from an unjust, broken down social–economic system to a Green Party world, where the Green Party’s 10 key values become the norm? The solution is that our government needs to take back the power to issue money and begin to gradually issue debt free money.
It was their support for public banking that brought me to the Green Party
I am very pleased to see that Green Party member Ellen Brown, founder of the Public Banking Institute and author of the book, Web of Debt, is now running for Treasurer of California. A victory for her could be huge win for all humanity. Their website has a video showing how North Dakota’s state bank works.
Working together we can create a Green Party World, where our 10 green values will create “a better life and planet for all.”