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WE SUPPORT A CURRENCY OWNED BY THE PEOPLE, FOR THE PEOPLE

Scritto da Super User. Postato in Testi inglesi

Let’s take OUR money back

Dear friends, following is a summary of what is described in the website www.simec.org

Things are evolving rapidly, the media are finally exposing the global scam of money creation and supporting numerous new initiatives that strive to spread such information among the public.

Nevertheless ideas must be communicated in a simple and understandable way for anyone, just as Prof. Giacinto Auriti was able to do. His teachings became popular by leveraging upon three key features: Novelty, Simplicity and, above all, Truthfulness.

Thanks to its Truthfulness, we are convinced that the PEOPLE’S PROPERTY of the CURRENCY will be established; it does not matter when, but certainly we all hope as soon as possible.

Therefore, much credit goes to all people of goodwill who understand the importance of dealing with the root cause of the problem to address and cure all the cascading pathologies caused by the monetary and banking system. The only way to achieve that is by demanding people’s ownership of the currency at the time of issuance. This can bring about real change, contribute to the elimination of the odious national debt and restore the joy of living for all the citizens.

The following summary lists the basic points of Auriti’s monetary school

MONEY CREATION

PEOPLE’S OWNERSHIP OF THE CURRENCY

BASIC INCOME FOR CITIZENS

12TH TERM ITALIAN SENATE BILL No. 1282

13TH TERM ITALIAN SENATE BILL No. 1889

Bill proposed by the Anti-Usury Syndicate

Represented Secretary-General, Attorney and Prof. Giacinto Auriti

 

WE SUPPORT A CURRENCY OWNED BY THE PEOPLE, FOR THE PEOPLE.

- Currently, a bank owns the currency it issues, and lends it to the citizens at interest.

We want the currency to be created as a citizens' asset and credited to them as “BASIC INCOME.”

In accordance with Auriti’s Senate Bill: in a monetary regime respectful of human rights, the issuing body or agency may NOT be private as all money created must be credited to each citizen as “BASIC INCOME”.

Money must belong to the bearer, therefore every banknote will display the wording – "Property of the bearer"

-The Treasury or Ministry of Finance will assign to every citizen residing in the national territory, at birth, a SOCIAL INCOME NUMBER, similar to the current taxpayer identification number used for payments today.

-For instance, when a citizen asks a bank for money to spend, to purchase land or building a house, start a business

-The bank will credit to his/her account the sum agreed upon

-The citizen will work and create value, possibly receiving the contribution of fellow citizens' labour

-The citizen will repay the loan originally credited by the bank using the profit from his/her work

-The bank will return the full amount repaid by the citizen to the Treasury or Ministry of Finance

-The Treasury or the Ministry of Finance will implement the BASIC INCOME program. They will be responsible to divide, into equal parts, the incomes they receive from the banks and credit them to every citizen's SOCIAL INCOME account number, regardless of their status, age, work, employment, health conditions, etc,

- the amount of BASIC INCOME will change over time, as it depends upon the amount of money requested by citizens to the issuing body. Such amount will have to be high enough to allow any citizen to pay for essential goods and services.

NOTE – For more information please visit http://www.setedigiustizia.org/come-sara.html You can download several documents, the following are the most important: http://www.simec.org/downloads/cat_view/53-testi-monetari-e-documenti-sul-simec.html

- THE SIGNIFICANCE OF THE LAW - by Giacinto Auriti

-THE INTERNATIONAL MONETARY SYSTEM - by Giacinto Auriti

For further clarification, feel free to contact me on skype, username moalpo

 

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