Basic must know

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Basic must know for all Monetary Reformers, experienced and new

1. There is nothing in existing articles in our current education system that supports our views.

2. Monetary Reform is a very new knowledge that exist in the world only from 2012. And in Malaysia 2016. Apart from individual efforts like the book called the Theft of Nations written by Prof Kameel in 2004.

3. Economics literature is not a source of reference for the subject of Monetary Reform. There is basically nothing in Economics Literature that supports our normal understanding in Monetary Reform.

4. Supporting articles on Monetary Reform only comes from Movement for Monetary Justice website and International Movement for Money Reform website.

5. Basic differences between Monetary Reform and Economics as a Subject are as follows:

a) Economics do not address who creates money in the nation. Monetary Reform declares banks create 95% - 97% of (numbers) money in a nation, Central banks create 3% - 5% of money in paper notes and coins. (Confirmed by Bank of England and Bundesbank Europe. Ignored by Economic Textbook)

b) Monetary Reform identify Banks misallocation of loans/financing as havoc to economy. 70% to personal loans and personal sector leads to permanent inflation widening poverty gap and rocketing house prices. 30% to real sector of which only 16% to SME sector (creates 70% of jobs) leads to youth and graduates unemployment (260 million youth unemployed in the world), stunted wages and salaries for all.

c) Economists celebrates GDP growth ; Monetary Reformers celebrates only if accompanied by narrowing of poverty gap in nation.

6) Monetary Reformers acknowledge Monetary system originally designed by evil people. And this fact and the evils of the monetary system is deliberately not disclosed in our education system. So those that went through our current education system will not know what monetary reformers today know.

These are the basic must know for all experienced or new Monetary Reformers.

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