The September 8-9 Asia-Pacific Economic Cooperation (APEC) forum leaders meeting in Sydney not only cost a pretty penny for a mere good intentions outcome on global warming but was costly for local business due to the closing down of a section of the city.

Iranian President Mahmud Ahmadinejad’s announcement on the eve of that meeting was more important for mankind than anything that came out of Sydney.
While U.S. President George W. Bush only very recently made his extremist claim that Iran is a threat to the Middle East, the greater ‘threat’ in actual fact would be if Iran set an independent path with monetary reform that could become a model other nations could follow out of the imperial clutches of the International Monetary Fund (IMF) and other similar instruments of informal world government. While the details of the changes to be made for a new national financial system have yet to be defined and made public, monetary reformers worldwide will be watching very closely with interest.
In modern industrial societies, a money system that is an integral part of the accounting system, an abstract representation of the real values and not dominated and distorted by speculation about future prices, is what is needed to serve society justly and not be a tool to rule by an elite. The national credit is the property of posterity. It is the intellectual and tangible assets and what they can produce, developed over many generations, and is the current generation’s heritage, and thus no bank can own it and charge interest for its use anymore than royalties on a wheel turning. It’s one thing to lend money one has saved but to create new money against the public credit of a nation is to use something that is the property of the people. If the credit of a nation is the property of the people, how can they be charged interest when that credit is monetized?
President Ahmadinejad showed he was well briefed when he rejected the most common argument using the inflation scare against all types of monetary reform and claimed that funding can be appropriated to production in such a way as to reduce inflation, which is a common problem in the world. Credits can be awarded to industry in such a way that it doesn’t then go into prices. The benefit to the Iranian consumer, the standard of living, and the producer competing in the international market are obvious. If one checks with the Western world, one will find that household debt is almost 100 percent, and that is socially destructive for families.
Once one starts thinking outside the box, there are other options that can be looked at. Such as the problem of labor displacement by new technology, which has yet to be recognized formally in today’s world. The standard form of a supply of consumer disposable income through wages and salaries upon which domestic industry depends to make a profit is clearly insufficient and induces increasing financial costs. There obviously has to be some other form of ‘income’ included that can’t go into prices. The national dividend such as Kuwait practices, an idea which isn’t new, can also be part of an answer. The issuing of public shares in public sector industry, which is already under way, is a similar initiative.
If one reflects upon history, it is noticeable that the empires and civilizations of the past that have made great contributions to arts and sciences and the like have done so though creating time to develop these by having slaves to release them from daily tasks of production. In spite of the huge slave force represented today by science and technology replacing human power across the Western world, which is supposedly the most prosperous sector of the planet, husbands and wives are being forced to work longer instead of less for a decreasing value currency as time goes by because the money system is seriously flawed.
The suffering of humanity around the world while millions or even billions of dollars in interest alone is paid annually for renting someone else’s figures on paper is arguably one of the greatest crimes against humanity. Abuse of the money system is arguably the most insidious, the most disguised, and the least based on armed forces form of dictatorship in the history of the world