Greens for Monetary Reform

Over time, whoever controls the money system, controls the society.

Stephen Zarlenga, American Monetary Institute

Glossary

Greening the Dollar
is a plank included in the Green Party US Platform (items #15, 16, 17 in section IV.I), which later became legislation introduced in Congress as the NEED Act.
NEED Act
National Emergency Employment Defense Act: legislation introduced in the 111th and 112th Congresses for “greening the dollar.”
net assets
is the result of subtracting Total Liabilities from Total Assets, as in
Nationalize the Fed: federal government buys the net assets of the 12 Federal Reserve Banks.
quantitative easing (QE)
is a monetary policy in which a central bank creates new bank reserve money in order to buy government bonds or other financial assets from banks.
assessment: QE has made banks more financially solvent, but has not succeeded in the stated purpose of stimulating the economy. It has mostly resulted in banks having stronger balance sheets, but not in more bank credit entering the “main street” economy.
seignorage
is the difference between the face value of money and its cost of production.
sovereign money
is government-issued money used at face value, such as
today's U.S. coins: 31 USC 5111 (b) The Department of the Treasury has a coinage metal fund and a coinage profit fund. The Secretary may use the coinage metal fund to buy metal to mint coins. The Secretary shall credit the coinage profit fund with the amount by which the nominal value of the coins … exceeds the cost of the metal. … The Secretary shall deposit in the Treasury … excess amounts in the coinage profit fund.