To: Lynn Forester de Rothschild
Founder and CEO
Council for Inclusive Capitalism with the Vatican
c/o Inclusive Capital Partners
Subject: Proposal for the Sovereign Monetary Freedom Act – A Practical Framework for Honest, Inclusive Capitalism
Dear Ms. Forester de Rothschild,
Dear Members of the Guardians for Inclusive Capitalism and the Council,
I am writing to present to you a legislative proposal that I believe fully embodies the spirit and principles of Inclusive Capitalism: the Sovereign Monetary Freedom Act.
This Act offers a concrete, actionable path to end debt slavery, restore genuine monetary sovereignty to the people, and create an economic system grounded in transparency, democratic accountability, and moral integrity—values that lie at the heart of the Council’s mission under the moral guidance of Pope Francis.
At its core, the Sovereign Monetary Freedom Act:
Amends (rather than abolishes) the Federal Reserve Act to place money creation exclusively under direct congressional and Treasury authority, while preserving the operational expertise of the Federal Reserve System.
Ends the private creation of money ex nihilo and transforms commercial banks into honest, risk-free intermediaries that earn a transparent 3 % brassage fee.
Introduces a one-time Biblical Jubilee (2026–2029) to clean balance sheets without systemic chaos, providing genuine relief to families, businesses, and nations burdened by unpayable debt.
Ties every new sovereign dollar to productive investments that increase real GDP, consistent with the Quantity Theory of Credit.
Funds all federal expenditures, infrastructure, social programs, and national defense through the 97 % seigniorage revenue generated by sovereign currency issuance—thereby enabling the complete, progressive elimination of taxation.
The result is transformative: the United States would become an honest fiscal paradise based on rules, not loopholes. Citizens would be freed from perpetual debt, poverty would be systematically eradicated, and the American Dream would once again be accessible to every person.
Moreover, the global repercussions would be profound. By demonstrating that a sovereign monetary system can deliver prosperity, dignity, and opportunity without taxation or debt servitude, the United States would offer the world a compelling model. Other nations would have a powerful incentive to emulate this honest framework—creating structural conditions for peace, cooperation, and shared prosperity rather than competition over scarce financial resources.
This is not theory. It is a carefully designed, phased transition (24–36 months) with full implementing guidelines, independent oversight, and protections for all stakeholders. The complete draft of the Act is attached for your review.
I respectfully request the opportunity to present the Sovereign Monetary Freedom Act to the Council—either in writing, virtually, or in person at your next convening with the Guardians. I am confident that this proposal can serve as a practical blueprint for the more inclusive, sustainable, and trusted economic system that the Council seeks to build.
Thank you for the extraordinary leadership you continue to provide. I look forward to the possibility of collaborating with you to advance a capitalism that truly works for all.
With deepest respect and shared purpose.
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