Joining all common good forces with social credit: Free Monetary Seminar in Chicago March 4th.

Dear Friends of the American Monetary Institute,

Please let your friends in the Chicago area know that
We are holding a free Monetary Seminar in Chicago at Roosevelt University on Wednesday evening, March 4th, 6:30 PM at the Spertus Room, 2nd floor.

The meeting will focus on the American Monetary Act, and how it truly reforms the system, and can solve the crisis as well.
We'll also discuss:
*How our ridiculous banking and monetary system brought down the US and World economies.
*Why bailouts can't re-establish confidence in banks.
*Common sense actions to protect your family
*How the system can be reformed for real – not band aids or giveaways – using tried and true methods.
*Our part in putting pressure on our legislators to use this disaster as a chance to get the real thing done!
Please let us know if you are attending so that light refreshments can be arranged.
Stephen Zarlenga

Wednesday March 4th
How did the Banks Break our Money System Again? Learn more about money in 3 hours than most economists learn  in a lifetime!
The Seminar will Feature The American Monetary Act
How it reforms the system; Alleviates the crisis; and Starts the rebuilding process. We'll also discuss: * America's Monetary Power has been usurped and privatized, leading to collapse!
* How the money power became privatized, and is kept in  place by false theory, and now by political threat. * How the American Monetary Act restores it to society where it can promote the general welfare.
* Why inflation need not be a problem.
 This is a hands on do-able reality based program, not a theory, with many U.S. historical precedents, and more going as far back as Classical Greece and Rome.

The Money system acts like a fourth branch of government, generally affecting our daily lives more than the Executive, Judicial and Legislative branches combined. Yet it has been privatized and is largely outside the control of our democratic system of checks and balances where it has unfairly concentrated wealth to obscene levels among other injustices.

The American Monetary Institute is America’s leading think tank focusing on monetary history, theory and reform. Each September we hold a 3 day monetary reform conference at Roosevelt University, where cutting edge experts speak on those subjects. Each quarter the Institute offers this free introductory seminar. This seminar is designed for Chicago area people who’d like a good background on how our money system works, why its not working well, how to fix it, and what benefits would follow in terms of infrastructure and health care and education; and how our society has the power to begin creating a superior future world, instead of getting mired in stupidity and warfare.
Place: Roosevelt University, 430 S. Michigan in Chicago,
2nd floor, Spertus Room
 Date:  Wednesday, March 4th                  Time: 6:30 PM to 9:00 PM Late arrivals OK       Dress: Informal; all are welcome  
Reservations really appreciated so that light refreshments can be arranged
 Call 224-805-2200  or email


Joining forces with social credit:

In This Age of Plenty Louis Even's masterpiece All those who appreciate Louis Even's writings on Social Credit will make it their duty to get this book, a masterpiece of logics and clarity. To the new readers of “Michael”, we strongly recommend this book, which gives, in a simple but brilliant way, the best possible explanations on the new conception of economics that Social Credit represents. You can find on line on this site the complete book (50 chapters plus appendices). 410 pages, 14,5 cm x 21 cm, $20 by mail,
from our Rougemont office
  From Debt to Prosperity The booklet that caused Louis Even
to understand Social Credit
by J. Crate Larkin It is this booklet that changed the course of the life of Louis Even and made him a Social Crediter in 1934. “It was a great light on my path,” Louis Even said. This 112-page booklet could change your life too! Order it now! The pricfe is $? by mail (Canada and U,S,A,), and $10 international. To download the PDF version of this book, click here (or on the picture of the cover of the book) (1,2 Mb)  
Two booklets on Social Credit by Louis Even Qu'est-ce que le vrai Crédit SocialThe first booklet, “What Do We Mean By Real Social Credit?”, explains that Social Credit is not a political party, but a series of principles expressed for the first time by engineer Clifford Hugh Douglas in 1918, and that the implementation of these principles would make the social and economic organism effectively reach its proper end, which is the service of human needs. These principles can be implemented by any political party in office, and there is no need of a “Social Credit Party” in power to have them implemented. This booklet is a must for anyone who wants to study Social Credit for the first time, since it contains a very good summary of Social Credit principles (A Primer of Social Credit), and replies to the more widespread objections to this doctrine.  
A sound and efficient financial systemThe second booklet, “A Sound And Efficient Financial System”, is for those who have already some notion of Social Credit, but who want to know more about its practicability and technical aspects. It explains Douglas's three basic propositions for a sound financial system, and how they could be implemented: how to achieve a constant equilibrium between prices and purchasing power, how to finance private and public production, the financing of distribution through the social dividend to all, and finally, what would become of taxes in a Social Credit financial system. Two booklets of 32 pages, 21 x 27 cm
$2.00 each (handling and shipping included)
The Social Credit proposals explained in 10 lessons français

and viewed in the light of
the social doctrine of the Church
A study prepared by Alain Pilote
on the occasion of the week of study
that followed the Congress of the Pilgrims of Saint Michael
in Rougemont, September 5-11, 2006 Download the book in PDF format (2 MB)
  Our regular readers know that every issue of this journal contains articles about the Social Credit financial proposals, which are more timely than ever to solve today’s economic problems. This Social Credit idea may raise many questions among our new readers, and one article is certainly not enough to answer all these questions, or to give a clear understanding of the whole concept of Social Credit. Besides, most people simply do not have the time to read long books on the subject. So, here is the solution: the Social Credit proposals explained in 10 lessons, each one being the logical continuation of the previous one. The first lesson begins with principles, and from there, we lay the foundations to have a full knowledge of all that Social Credit implies. Here is the list of the ten lessons: Lesson 1: The end of economics — to make goods join those who need them; Lesson 2: Poverty amidst plenty — The birth and death of money; Lesson 3: Banks create money as a debt; Lesson 4: The solution: debt-free money created by society; Lesson 5: The chronic shortage of purchasing power — The dividend; Lesson 6: Money and prices — The compensated discount; Lesson 7: The history of banking control in the United States, and famous quotes on money; Lesson 8: Social Credit is not a political party, but a sound and effective financial system; Lessons 9 and 10: Social Credit and the social doctrine of the Church (which explains, among other things, the four basic principles of the social doctrine of the Catholic Church and the study of Social Credit by nine theologians). These lessons were published in the “Michael” Journal from the September-October, 2006 issue to the November-December, 2007 issue. There are of course available on this website, but we have also made a 150-page booklet that contains the 10 lessons, that you can order from our office at $11 each (postage included) if you live in Canada, $12 for the U.S.A., and $14 for overseas. Good reading ! Introduction Social Credit is a doctrine, a series of principles expressed for the first time by Major and engineer C. H. Douglas in 1918. The implementation of these principles would make the social and economic organism effectively reach its proper end, which is the service of human needs. Social Credit would neither create the goods nor the needs, but it would eliminate any artificial obstacle between the two of them, between production and consumption, between the wheat in elevators and the bread on the table. The obstacle today — at least in the developed countries — is purely of financial order, a money obstacle. Now, the financial system neither proceeds from God nor nature. Established by men, it can be adjusted to serve men and no more to cause them problems. To this end, Social Credit presents concrete propositions. Though very simple, these propositions nevertheless imply a real revolution. Social Credit brings the vision of a new civilization, if by civilization one can mean man’s relationship with his fellow men and the conditions of life making easier for each one the blossoming of his personality. Under a Social Credit system, we would no longer be struggling with problems that are strictly financial, which constantly plague public administrations, institutions, families, and which poison relationships between individuals. Finance would be nothing but an accounting system, expressing in figures the relative values of goods and services, making easier the mobilization and coordination of the energies required for the different levels of production towards the finished good, and distributing to ALL consumers the means to choose freely and individually what is suitable to them among the goods offered or immediately realizable. For the first time in history, absolute economic security, without restrictive conditions, would be guaranteed to each and everyone. Material poverty would be a thing of the past. Material anxiety about tomorrow would disappear. Bread would be ensured to all, as long as there is enough wheat to make enough bread for all. Similarly for the other goods that are necessary for life. Each citizen would be presented with this economic security as a birthright, as a member of the community, enjoying throughout one’s life an immense community capital, that has become a dominant factor of modern production. This capital is made up of, among other things, the natural resources, which are a collective good; life in society, with the increment that ensues from it; the sum of the discoveries, inventions, technological progress, which are an ever-increasing heritage from generations. This community capital, which is so productive, would bring each of its co-owners, each citizen, a periodical dividend, from the cradle to the grave. And seeing the volume of production attributable to the common capital, the dividend to each one ought to be at least sufficient to cover the basic necessities of life. This dividend would be given in addition to those who personally take part in production, without prejudice to wages, salaries, or other forms of reward. An income thus attached to the individual, and no longer only attached to his status of employee, would shield him from exploitation by other human beings. With the basic necessities of life guaranteed, a man can better resist being pushed about, and can better take up the career of his own choosing. Freed from urgent material worries, men could apply themselves to free activities, which are more creative than commanded work, and strive towards their own development by the exercise of human functions superior to the purely economic function. Getting the daily bread would no more be the absorbing occupation of their lives. Note: The text of the following 10 lessons is essentially taken from Louis Even’s writings: In This Age of Plenty (a 410-page book), What Do We Mean by Real Social Credit? (a 32-page brochure); and A Sound and Effective Financial System (a 32-page brochure). The full text of these three books are available on our website (, and you can also order them from our office in Rougemont: $25 for the book "In This Age of Plenty", and $3 for each of the two brochures. (All prices include shipping and postage.)   Lesson 1: The end of economics — to make goods join those who need them Back to What's new Back to the Michael's homepage


Poverty caused by banks “Another kind of terrorism: the unjust economic system”. Archbishop Concessao An example of banking philosophy. Louis Even In Argentina, 50 children die of hunger every day. Th. Tardif It is urgent to put an end to the scandal of poverty. Alain Pilote The interest kills children, kills nations. F. de Siebenthal The banking system: “An impassable barrier”, said Cardinal Agre of Ivory Coast Full stores, empty wallets in Madagascar!. M. Lefebvre Social Credit The Money Myth Exploded. Louis Even Social Credit puts money in its proper place. Louis Even Money, an instrument of distribution. Louis Even To solve the problem of poverty. Louis Even In This Age of Plenty. Louis Even (book with 52 chapters) A Sound and Effective Financial System. Louis Even (booklet) What do we mean by real Social Credit? Louis Even (booklet) Social Credit, for a healthy economy. Louis Even A few questions and principles on Social Credit. Louis Even It's time people knew the money trick. Colin Barclay-Smith What can economic science do to get Social Credit applied? Diane Boucher The Government Must Create Its Own Money. Alain Pilote The Government does not create money. Louis Even The pen that rules the world. Louis Even For a Better Understanding of Social Credit. Alain Pilote The Environment — Where Money Is Concerned. A. Pilote Social Credit, a scientific technique of finance. Gilberte Côté-Mercier Social Credit: humanism and common sense. Gilberte Côté-Mercier About Clifford Hugh Douglas, the genius who discovered Social Credit. Louis Even Social Credit: not  Socialism, not a political party. A. Pilote Our economic liberation through Social Credit. Louis Even Canada is rich in real wealth, the Canadians are poor. Gilberte Côté-Mercier Restore to the people the control of their own wealth. Louis Even A civilization of men financially free. Louis Even What should be corrected! Louis Even As the people build, the people get into debt. Louis Even Unemployment, a condemnation of the financial system. Louis Even Social Credit and labour problems. Louis Even The young people want a new financial system. Louis Marie Roy To make financially possible what is physically possible. Louis Even A brief outline of Social Credit. Vic Bridger How to apply Social Credit locally. François de Siebenthal Social Credit and Apostolate All must work for the good of their neighbor We shall obtain Social Credit through apostles, not politicians. Louis Even Towards Social Credit by apostolate and tenacity. Louis Even What in general is the Apostolate? Gilberte Côté-Mercier Social Credit and Christianity It is urgent to put an end to the scandal of poverty. Alain Pilote Social Credit and the Catholic doctrine, a study by nine theologians Social Credit and the teachings of the Popes. A. Pilote Social Credit is a philosophy of economic life. Louis Even What is Social Credit? Practical Christianity!. Geoffrey Dobbs Social Credit is the application of the Social Doctrine of the Church. Bishop Frankowski For a better world, a Social Credit community. Louis Even The primary objective of Social Credit: the blossoming of the human person. Louis Even

Avec mes meilleures salutations.

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