There are dozens of similar organisations to us throughout the world -
Australia, Bulgaria, Canada, Croatia, Denmark, Finland, France, Germany, Greece, Iceland, India, Ireland, Israel, Netherlands, New Zealand, Poland, Portugal, Puerto Rico, Scotland, Slovakia, South Africa, Spain, Sweden, Switzerland, U.K., United States.
We all actively campaign for the reform of our broken banking & financial systems and all seek to curb the power of the banking corporations by restoring the National Currency to democratic accountability.
That simply means that the taxpayer who guarantees the currency will also originate it free of debt through their Central Bank and the commercial banks will be re-chartered as full reserve institutions and will continue to manage credit through their customer accounts.
Monetary Reform is probably as old as fractional reserve banks which came into being in the 17th century to provide short term credit for commerce.
The first significant monetary reformers surfaced in the late 1800s and had some very progressive ideas, some of which are described in this old book from 1930. Until then the banks had stuck to their role in short term financing of commerce but when Britain abandoned the gold standard they started to exercise their new found freedom and self discipline had to be replaced with regulation. This was a steadily losing battle until virtual defeat had to be admitted following the Thatcher/Reagan 1980s when all effective regulation was swept away. Thereafter governments became progressively ensnared in unrepayable debt owed to their own chartered banks.
This saw a rebirth of the Monetary Reform movement across the globe and each group tailored their campaign to their particular circumstances. Scotland was in the vanguard for one particular reason – the growth of the campaign for Independence.
Trying to introduce reform into long established parliaments like Westminster with powerful banking lobbies is a pretty daunting task, but with the prospect of Independence and making a fresh start, well that seemed like a heaven sent opportunity.
So that is where Scottish Monetary Reform is today, spearheading the active Campaign for a Scottish Currency and its inclusion as a major factor in the next Independence Referendum.