A monetary system 

is one which is based on the indiscriminate creation of money. A central, private institution controls the creation of money for a nation. Examples of these are the IMF, World Bank, Bank of England, Federal Reserve, and other private banks.

This type of system is both predatory and inflationary. It derives it's wealth from exploiting the powerless and clueless masses, and relies on deception. 

Nations (190 of them) under this system,  have little control over how their own economies are run. Instead, it is dictated to them by those who control the issuance of money and loans. 

Interest rates, production, inflation, and the use of this money are all in some way controlled by these few dictators who control the issuance. They can devalue your savings by watering down the money supply (inflation.) They can freeze lending so there is not enough money in circulation to pay off debts, and everyone has to work more for less, because the interest on those debts becomes a larger proportion of what they earn (deflation)

In other words, he who created the gold, makes the rules.

Money is created for speculation, meaning anyone can just get some cash, and use it to buy luxury items, or to gamble on the stock market, or whatever.. If you are among the banking elite, you have the privilege of creating as much money as you want, at the expense of everyone else, then gambling with it, and getting bailed out if you lose.. Of course, if you win, it means you have succeeded in leveraging your wealth into more power for yourself, and less of everything for the formerly middle class, which is now the modern day, slave class who has come to 'love their servitude' (as Huxley envisioned) because they got the TV they always wanted without having the money to pay for it.. 

Alan Greenspan's creation of derivatives

 is an exponential expansion of this insanity. Derivatives are what are created when you take something that  you are trusted with, like say a bank deposit, and leverage it into something new. it is a piece of paper which claims to have value, but really has added nothing to the PHYSICAL economy. 

This is exactly the same as: if someone loaned you $1000, expecting a guaranteed return. You took the money to the casino, convinced them that you are 'credit worthy' and 'leverage' it into $2000 in chips. You put it all on 'Lucky Larry' in the 11th race. Win or lose, you are illegally gambling with someone else's money. Now if you win, everything is fine. You pay your debt, make a ridiculous profit, and nobody cries 'shenanigans.' But what if the casino was taking your money and betting against you? What if they are doing the same thing, and don't have the money to pay you back if THEY lose?? 

Right now, this is what's going on.. But instead of paying the piper, these crooks are just leveraging their toxic debts further, so they can hang on to their doomed system a little longer. as long as they can get a bet down on a race, they can't be bankrupt until the race ends. as long as there is a coin in the air, there is still a chance (in their minds) that they can win it all back.

The derivatives market has been leveraged to the maximum, and it totals about 1.5 QUADRILLION dollars today.

 that's a (1.5) thousand times a million, times a million!! 

OR

$1,500,000,000,000,000.

The total amount of wealth today is said to be about 100 trillion.. so derivatives have exploded to at least 15 times their corresponding physical assets! and someone is milking a percentage off of the 92% of 'assets' which only exist on paper.. 

a Credit system

As proposed by Larouche, and embodied in the constitution of the US.. Is what the US did under Lincoln and under Alexander Hamilton. It is a National Bank. Canada has a National Bank (Bank of Canada) which we utilized  until 1974

It is a system of issuing credit, specifically for the purpose of developing the nation, for the benefit of it's people. Instead of for increasing the gap of wealth and power between the elite upper crust, and the middle/lower classes. 

It includes rules that make it illegal for those that issue the money to also engage in speculation.. There is no conflict of interest between the 2 sectors (investment and commercial banking) so there is no profit motive to do things like artificially driving up the price of food, so people can't eat, and they have to take a 2nd job (working for you) to feed their families.

The credit can only be generated by the nation (congress etc..) and MUST be for the purpose of developing the nation, and thereby increasing the value of it's money. things like infrastructure, scientific research and development, industrialization, major projects, schools, resource management (instead of looting and selling off), health care, energy, social programs etc.. 

There is no inflation or deflation, the money supply is meant to increase at the same rate as the economy.

Interest is 1% maximum (for administration fees) on anything that furthers the nation and it's people. Things that increase the living standard of those people, AND make for a higher potential of population density per square kilometer

anything besides that is speculative, like lending a bank money to offer credit card debts.. and therefore the government must penalize and restrict it by charging higher interest (5%) and that interest goes back into the nation, instead of into private pockets. Perhaps Visa would be restricted to charging 8% on those.. 

The people are protected from big corporations.

What have we learned?

Because real development would help a nation to become independent from these monopoly men, they discourage it. Therefore, i can't say that much good has come from this system, except the inevitable realization that imperialism contains the seeds of it's own destruction, and can never work in the long run. That it always leads to its own collapse.

So the good thing is, they've shown us what not to do, they've shown us what their true interests are, and who they are. and they are giving us the opportunity to change it all for the better. The crisis is always the best opportunity because that is when the oligarchs have least control. 

ow do we do this?

-Let the banks go bankrupt, and put them through bankruptcy reorganization. Keep their doors open at the same time so they can perform their duties to the public. But as for their illegal gambling debt (AKA financial instruments such as derivatives, CDS's, toxic bonds, hedge funds etc..) those should be written down about 9 to 1 or written off entirely.

-Move from a (European) monetary system to an (American) credit system whereby the credit is based on the increase in value that the use of that credit would create for the currency in question. The problem with gold based currency is that gold is limited, and therefore development would be limited. Also, as in the past, crooks would always be syphoning off the gold and thereby manipulating and exploiting the economy.

-Bretton Woods Fixed exchange system instead of a floating dollar.loans can be arranged through long term treaties between SOVEREIGN nations. no third party can be introduced into the contract.