American Monetary Institute

2020 Conference


Zoom land, November 13-15, 2020

Quick links (in this page):

Conference Speakers

Schedule of Events

Quick links (to other pages):

Study Stack

Video Playlist


Please enjoy the study stack and the conference videos. We will get out the Proceedings as soon as possible. We need to update the AMI website and bring it more to life. If you can make a small donation to this endeavor we would appreciate your help. The goal is several thousand dollars to change the underlying platform structure to Wordpress (and this will save money and time), update the mailing software, the layout of the website so that we can bring thoughtful people and papers to the website. Any amount, and small is beautiful, would be much appreciated. 

Steven Walsh, AMI Director


Dear Friends of the American Monetary Institute,

Our 16th Annual AMI Conference will take place on November 13, 14, 15, and because of the pandemic it will be a ZOOM Conference. The schedule is below and we look forward to your presence as a participant, speaker, or discussant. Participant cost is $25.00 and that is a flat fee for the whole conference.

The speakers on Saturday will assume that all participants are familiar with monetary reform. Therefore, we decided to have two concurrent Friday evening breakout sessions. On this night (Friday night - 6 - 8 pm CST Chicago Time) after the participants join the ZOOM conference they will be in the 'lobby' and can choose between 

1) a happy-hour breakout session where people are free to talk and chat, or

2) an introductory breakout session about monetary reform calibrated for new people, or just as a refresher. Here we will learn some of the basics on money and banking and monetary systems. We will learn about the money creation and its expansion process, and to understand monetary reform we will learn about money in circulation and reserves. Further, we will learn about digital currency and particularly about central bank digital currencies and side-by-side competition. The purpose of this session is for the person relatively new to monetary reform to be able to follow the conversations over the weekend.

All people who attend this breakout session will be invited to attend a study group to learn about money and monetary systems at no further registration cost.

I’m sure everyone will be invited to say a word about themselves and what they are doing.

The conference is split up into five sessions and every session has more or les a theme:

Session 0 (Friday evening): Introduction to Monetary Reform and Good luck Happy Hour (optional, but the introduction to monetary refrom is strongly advised for new people)

Session Ia (Sat morning): Latest Research and Findings

Session Ib (Sat afternoon): Monetary Activism

Session IIa (Sun morning): Parity Pricing

Session IIb (Sun afternoon): International Dimension

Below you will find relevant information about the schedule, registration and payment.

Thanks and warmest regards, hoping to see you on Zoom,

The 2020 AMI Conference Team,

Steven Walsh
Mike Holden
Govert Schuller
Alfonso Saldana

"Do not be afraid – and remember: Action dispels fear."   – Stephen Zarlenga, AMI co-founder and first Director 1941-2017


Conference Speakers


Professor Steve Keen is widely regarded as one of the world's most accurate analytical economists, voted in 1st place for the inagural Revere Award for Economics in 2010 by the (Real) World Economics Association for giving an early warning (initially in 1995) for the 2008 financial crisis using his highly advanced economic modeling system: MINSKY. Professor Keen has continued to refine his MINSKY system and it is in demand by national governments, central banks and financial institutions to dynamically model real economic inputs and outputs. In 2012 he was invited to give testimony at a Congressional Briefing in Washington, DC on Avoiding the “Fiscal Cliff” and the mistakes of the Great Depression to warn Congress on the dire consequences of austerity in the midst of a recession. More recently Professor Keen has done important work in the field of energy analysis as it applies to economics, and the wider social and environmental ramifications of our present energy use.

Professor Keen has participated in many previous AMI conferences and this year he will present One Mathematical Model of Modern Monetary Operations.

Professor Kaoru Yamaguchi has continued to refine his highly advanced modelling system to project how AMI's proposals achieve stable monetary reform. Having concluded it will pay off the U.S. national debt as it comes due; provide the funding for infrastructure, which solves the unemployment problem, and does this without inflation, he presented this macroeconomic model on the to a plenary session of the System Dynamics International Conference in Seoul (2010), being attended by more than 300 researchers. It was so well received that on July 26th, the same International Conference asked him to speak on this matter again, at their meeting in Washington, DC.

Professor Dr. Kaoru Yamaguchi is Professor of Social Sciences at the University of Ankara, Turkey, and Director of the Public Money Forum in Japan. Professor Yamaguchi headed the System Dynamics Group of the Doshisha Business School at Doshisha University in Kyoto, Japan. 

Professor Yamaguchi is currently directing the Public Money Initiative movement in Japan preparing for a crypto-token experiment called EPM (Electronic Public Money)-token to create 100% pure money electronically using blockchain technology. You can read about his papers and books here.

Professor Yamaguchi has participated in many previous AMI conferences and this year he will present again from Turkey on  Money Stock Equals Total Domestic Debts: Flow of Funds Analysis in Japan.


Professor Nicolaus Tideman received his Ph.D. in Economics from the University of Chicago (where he studied under Milton Friedman among others), taught at Harvard (1968-73) and served as Senior Staff Economist at the President’s Council of Economic Advisers (1970-71) before moving to Virginia Tech in 1973. He has been Professor of Economics there since 1985. While his research has focused primarily on urban economics, public finance, voting rules and social justice, in 1975 he collaborated with Nobel Laureate James Buchanan in writing on “Gold, Money and the Law.”

Professor Tideman has participated in all AMI conferences and this year will continue The Evaluation of Monetary Systems.


edgar wortmann 150x150Edgar Wortmann is a company lawyer specialized in financial and property law. He is active for both government and industry and involved in the organization of energy cooperatives in the Netherlands. He conducted various projects focused on the circular economy, such as the ‘green house village' , a self-sustaining neighborhood, and ‘new utilities', area-oriented design of utilities with involvement of stakeholders. He is associated with the Ons Geld Foundation, which is committed to the reform of the monetary system. Edgar Wortmann provided the inspiration for a  successful theater show in the Netherlands concerning the money system and was substantively responsible for the citizens’ initiative ‘Ons Geld’ (Our Money) that got a unanimous vote in parliament of the Netherlands in favor of monetary reform. 

This year Edgar will talk about The Politics of Safe Money.

Joseph Huber is Professor emeritus of economic and environmental sociology, Martin-Luther University, Halle-Wittenberg, Germany. He is the founder of the monetary reform organization Monetative e.V. Berlin and is the editor and main author of the web site Sovereign Money: Website for Monetary System Analysis and Reform. His main publication relevant to monetary theory and reform is Sovereign Money: Beyond Reserve Banking (London: Palgrave Macmillan, 2017). 
Dr. Huber will discuss CBDC and Current Quantitative Easing: Making Good Use of the Large Overhangs in Central Bank Reserves.
Dr. Michael Clark was a senior advisor to the President of the Sixty-third Session of the United Nations General Assembly (2008-9) and helped co-ordinate the intergovernmental negotiations for the outcome of the 2009 United Nations Conference on the World Financial and Economic Crisis and its impact on Development. He later joined the staff of U.S. Representative Dennis Kucinich (D-OH) where he assisted with the final drafting of the NEED Act, (National Emergency Employment Defense Act) prior to its introduction. 

Dr. Clark will discuss his last decade at the U.N. working with the Farm and Agricultural Organization, developing nations, monetary reform, and earlier experiences in the United States.

Joe Bongiovanni is a second-generation monetary reformer, Co-founder and Director of the Kettle Pond Institute (KPI) in Vermont, a Co-founder and Member of the Alliance for Just Money (AFJM) of Bloomington, IL, and a Member of the Green Party U.S. Banking and Monetary Reform Committee (BMRC).

This year Joe will present on 1) Fredric Soddy’s approach on ecological economics; 2) the history of parity starting with the U.S. Constitution; and 3) having a National Monetary Commission set up under the direction of Congress.




Uli pic Jan 2018 1Uli Kortsch is the Founder of both the newly formed Monetary Institute and Global Partners Investments (GPI). Currently most of his time is spent on the Institute whose mission is to drive monetary and fiscal strategies to better serve and protect humanity. In 2013 he was asked to organize a conference on this topic at the Federal Reserve Bank of Philadelphia, the proceeds of which are now published as a book. More recently he was asked to organize an in-depth conference in Switzerland toward the objective of changing the country’s constitution to a modified Chicago-Plan style. He is a regular speaker at various conferences in different countries. As President of Global Partners Investments and other ventures Mr. Kortsch has worked in over 50 countries, written a bill for Congress, and conferred with numerous national presidents, ministers of finance, and ministers of commerce. He has served on many corporate boards with both for-profit and not-for-profit organizations. He was a missionary with Youth With A Mission for over 20 years in various senior roles.

This year Uli will mystify us with How To Stop the Stoppers.


Nick Egnatz is a Vietnam vet, small businessman, and activist. His life as an activist began opposing the imminent invasion of Iraq in 2003. This opposition soon grew to include all U.S. wars, militarism, empire and the war on the poor and working class facilitated by a monetary system designed to send everything straight to the top. The National Association of Social Workers named Nick 2006 Northwest Indiana Citizen of the Year for his anti-war activism. At last year’s conference Nick began a discussion on social justice and monetary reform (his pamphlet entitled Linking Social Justice to Monetary Reform is available free at – those that would like copies to distribute are invited to contact Nick at This email address is being protected from spambots. You need JavaScript enabled to view it.).

This year Nick will be speaking on the relationship between the bank created debt-money system and slavery, a subject lifted from his forthcoming book People, Planet and the Power of Money: Reclaiming the Ancient Lost Power, to Heal Our Planet and Ourselves. The book is an effort to challenge the morality, legality, honesty and results produced by the present bank created debt-money system that the privately owned Federal Reserve System oversees.  Climate change is but one of several existential ecological crises confronting humanity. The fraudulent bank created debt-money is structurally incapable of properly funding the COVID Pandemic/Economic Depression, coupled with the myriad of ecological crises confronting us.  Reclaiming the Ancient Lost Power of Publicly Created Money is the only solution that can heal our planet and ourselves. 


Howard Switzer is a Tennessee architect working in eco-friendly building methods and builds energy efficient, healthy, homes and has presented at the International Materials Research Congress. He is a founding member and was co-chair of the Green Party of Tennessee 2002-2003, serving many terms on the Green Party’s National Committee as a delegate from Tennessee, and has run for state office in Tennessee to give the party standing in elections. In 2006 he attended the AMI presentation from Stephen Zarlenga at the Green Party U.S. (GPUS) national meeting in Reading, PA, which confirmed his belief that monetary reform is critical to democracy and funding a transition to a Green Economy. Howard co-founded the “Moving the Money to MainStreet Campaign” adopted by the GPUS in 2007, and has presented on monetary reform at the 2013, 2016 and 2019 Green Party National Meetings. He is currently co-chair of the Banking and Monetary Reform Committee of the GPUS and a GP national delegate advocating monetary reform, as per the Green Party platform which includes the key elements of the AMI/NEED Act proposal, to be a central component of the 2016 GPUS POTUS campaign and is calling for Reviving the American Revolution electorally to reclaim our nations’s economic sovereignty for the democratic governance of the United States.   Howard is also board member of the Alliance For Just Money.  

Howard will present on Gesell's Natural Economic Order and the monetary experiment at the little Austrian town of Wörgl.

Sue Peters has degrees in History and Education and was an information technologist specializing in finance. Having spent 35 years on Wall Street, the last 15 at a multinational bank, she has an insiders knowledge of the relationship between Wall Street and money. She gave a public in-depth class on the book, The Lost Science of Money, by Stephen Zarlenga; the extensive class materials can be viewed from the HISTORY tab on the website, She is a member of The American Monetary Institute, Green Party Manhattan Local and NYS State Committee, National Organization for Raw Materials (NORM), the website, and the NYC Labor Chorus. Last year Sue presented the inaugural Robert Poteat Lecture on Debt Drives War & War Drives Debt: The Powers of Bank Credit Creation in World War I . 

 Sue will give us an update on the Green Party - US and their national banking commission


John Howell (Ph.D., UCLA); teaching and research in physiology for 42 years (Ohio University); recipient of numerous grants and awards; including the directorship of the Institute for Musculoskeletal Research, and chairing various committees. He currently serves as a teaching assistant in the Department of Classics and World Religions. He is co-founder and co-ordinator of Democracy Over Corporations in Athens, Ohio, and has attended AMI Monetary Reform Conferences since 2012, and is now giving presentations on monetary reform at local and regional gatherings. John gives one of the clearest, most inspiring talks on the problem of “fractional reserve banking” and using debt in place of money, and has established himself as a premier monetary reform presenter.

This year John will reflect on his Sojourn in Monetary Reform: Some Lessons Learned.


Randy CookRandy Cook is the President of the National Organization for Raw Materials (NORM). Last year Randy spoke on Parity Agriculture, Sound Money and the NEED Act.

This year Randy will be a discussant for the Parity session.




4235 For WebVirginia Hammon is dedicated to teaching about our current money system and a better alternative. She’s just launched a campaign with the support and endorsement of the Alliance for Just Money, called, How We Pay for a Better World. The plan is to take the message on a national road trip next Spring. This fall she’s experimenting with what works on the West Coast. Virginia will present the Campaign launch: How We Pay for a Better World  — taking the message of money reform on the road and aiming to get 3 million people in the next 18 months to tell their Congress people to learn about MR. Buy your postcards online!

Virginia will be discussing the need for women's voices in monetary reform. 


speaker 150x150

Greg Coleridge is Outreach Director of Move to Amend, a national coalition working to amend the US Constitution to end corporate constitutional rights and political money in elections defined as First Amendment-protected free speech. He previously worked for more than three decades with the American Friends Service Committee in Ohio. 

Greg will be Banking on a Democracy Movement for System Change.



Mark Young 21 150x150

 Mark Young is is a Consultant and Housing Developer with Crossroads Development & Consulting Company. He is also the author of How to Fix the Future, a book that outlines the structure of the global monetary system and the benefits of restructuring it. Prior to that, he was the Chief Operating Officer for a state financing authority. Mark studied and became familiar with monetary systems while in graduate school studying Urban Planning and Economics.

Mark will be discussing the idea to file a complaint at the United Nations about human rights violations caused by the current international monetary regime. 



 Mark Pash grew up and worked in two separate family businesses, one in manufacturing and the other in retail stores. He went on to receive two business degrees, Bachelors and Masters, from UCLA and USC respectively. Then he served,in the U.S. Army after which he received his Certified Financial Planning designation. Over the past 45 years Mark has been very active in the financial industry helping clients with their budgets, investments, loans, income taxes, social security, medical coverage and scores of other business and personal financial issues. He was listed by Money Magazine as one of the top financial planners in the nation. Additionally, Mark has founded a number of financial organizations and has served as an officer of various industry corporations and associations. His extensive background brings a grounded understanding of the practical and theoretical dimensions of macroeconomics. He has written many articles besides his first book Economic Theory of Relativity and the website of the nonprofit, Center for Progressive Economics. Mark has long been active in politics serving on various campaigns advisory committees and running for Congress.

Mark will address Politics, Elections, Monetary Reform, which will include a discussion of Dana Ferguson's campaign in Michigan's 1st District. 



Jesus Suaste Cherizola resides in Mexico and recently obtained a Masters in political science and now pursues a PhD in sociology. He translated Capital as Power (El Capital Como Poder) by Jonathan Nitzan and Shimshon Bichler, and is now translating Making Money: The Philosophy of Crisis Capitalism by the Danish academic Ole Bjerg. He is also the co-editor of the recent Spanish anthology Democratizar el Dinero. Una Introducción a la Reforma del Dinero Soberano (Democratizing Money: An Introduction to Sovereign Monetary Reform ) with articles and papers from many of this year's speakers like Joseph Huber, Nick Egnatz, Mark Pash and Mark Young.  

Jesus' talk will be on Sovereign Money in Latin America: How little we know how much we need it



Tom Asbridge is the former president of the National Organization for Raw Materials (NORM) and represented many agricultural organizations in Washinto D.C. in the 1980s.

Tom will give us ground truth on what parity looks like for an individual farmer.



Conference Materials 

Bongiovanni, Joe. "On Money, Nature and Wealth: The Convergence of Dr. Frederick Soddy Reforms".

Bongiovanni, Joe. "Where and How do Sovereign Money Reforms and Parity Economics Reforms Meet?"

Wortmann, Edgar. "The Politics of Safe Money".

Yamaguchi, Kaoru. "Money Stock Equals Total Domestic Debts - Flow of Funds Analysis in Japan”. 


Schedule of Events (All times Chicago, Central Standard Time [Time Zone Info]): 


Friday November 13 


Friday Actvity

Title or Topic:

6:00 pm.

Opening Remarks


6:10 pm.

Breakout in 2 Rooms

1) Good Luck Happy Hour or
2) Introduction to Monetary Reform Basics

7:45 pm.

All reconvene


8:00 pm.

Session finished



Saturday November 14 


Saturday Speakers:

Title or Topic:

9:00 am.

Howard Switzer,
Steven Walsh

AMI Introductions and monetary song presentation

9:30 am.

Steve Keen

One Mathematical Model of Modern Monetary Operations

10:15 am.

Kaoru Yamaguchi

Money Stock Equals Total Domestic Debts - Flow of Funds Analysis in Japan

10:45 am.

Joseph Huber

CBDC and current Quantitative Easing: Making good use of the large overhangs in central bank reserves

11:15 am.



11:30 am.

Nic Tideman

The Evaluation of Monetary Systems

12:00 pm.

Edgar Wortmann

The Politics of Safe Money

12:45 pm.

Panel of the morning speakers


1:10 pm.



2:15 pm.

Howard Switzer

Introduction and song presentation

2:25 pm.

John Howell

My Sojourn in Monetary Reform: Some Lessons Learned

2:55 pm.

Greg Coleridge

Banking on a Democracy Movement for System Change

3:25 pm.

Virginia Hammon

How We Pay for a Better World with Just Money: Turn the Economy Right Side up!

3:55 pm.

Uli Kortsch

How to Stop the Stoppers

4:25 pm.



4:40 pm.

Sue Peters

Update from the Banking, Monetary Reform Committee of the Green Party - U.S.

4:55 pm.

Joe Bongiovanni

The National Monetary Commission Proposal

5:15 pm.

Mark Pash

Politics, Elections and Monetary Reform

5:45 pm.

Panel of afternoon speakers


6:15 pm.

Happy Hour


7:15 pm.

Session Finished



Sunday November 15 


Sunday Speakers:

Title or Topic:

9:00 am.

Howard Switzer

Introduction and song presentation

9:20 am.

Joe Bongiovanni

Nobel Laureate, Fredrick Soddy: Ecological Economics - on money and the Nature of wealth

9:50 am.

Joe Bongiovanni, with
Randy Cook as discussant

History of Parity Starting with the U.S. Constitution

10:20 am.

Tom Asbridge, with
Randy Cook as discussant

20th Century Stories of How Parity Worked in the U.S.:
How my View on Food and Fiber is Different than Yours

11:20 am



11:35 am.

Michael Clark

Reflections from a U.N. Researcher on Monetary Reform, Agriculture, and Economic Development in General

12:35 pm.



1:35 pm.

Howard Switzer

Introduction and song presentation

1.45 pm.

Panel of the morning speakers

With discussants Geri Perry, Sue Peters, Mary Sanderson,
and Jean Giblette

2:30 pm.

Nick Egnatz

The Relationship between the Bank Created Debt-Money System and Slavery

3:00 pm.

Mark Young

Monetary Reform as a Human Rights Issue at the United Nations

3:30 pm.



3:45 pm.

Jesus Suaste

Sovereign Money in Latin America: 
How little we know how much we need it

4:15 pm.

Howard Switzer

Gesell's Natural Order

4:45 pm.

Panel of the afternoon speakers


5:30 pm.

Happy Hour


6:30 pm.

Session finished



Oak Street Beach North Ledge



Our 16th Annual Conference registration is a flat fee of $25 for all participants, except speakers and volunteers. This includes conference materials. Affluent participants who want to help out with larger donations are encouraged to do so.

We request prospective participants to first pay through our PayPal account below (where you can also pay by Credit Card) or send in a check to the address below.

After you have paid, please contact Steven Walsh either by telephone (773-636-8255) or by e-mail at  This email address is being protected from spambots. You need JavaScript enabled to view it.

After communicating with Steven Walsh you will receive the one and only ZOOM link to the conference and conference materials. 

The ZOOM sessions will be recorded.

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Mail registrations to:

American Monetary Institute
1860 Sherman Avenue, Apt 4NE
Evanston, IL 60201

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Thank you for your support in helping AMI with our mission to reform the money system. Your help will allow us to continue educating our citizens and lawmakers on the need to establish an honest system that helps create a nation of peace, prosperity, and justice.