About MMJ

Introduction to Movement for Monetary Justice (MMJ)

Welcome to MMJ Channel. Movement for Monetary Justice or Gerakan Keadilan Monetari is an NGO registered with the Malaysian Registrar of Societies. We are a not for profit organization made up of former Islamic Bankers, Academicians, Professionals from all walks of life, enlightened Shariah Scholars, members of the general public, students and youths.

Our mission is to inform of the ills of the Monetary System, domestic and international, not understood by many and to fight for its Reform. Our Constituency domestically are the poor and downtrodden who constantly see their meager earnings constantly stolen its purchasing power.

A suffering endured also by the ordinary Malaysian public who are drowning with increasing food prices, price of houses beyond their reach, graduates with no jobs, school leavers with very low paying jobs that deny them having thoughts of having a family, students who eats once a day, students who survived on the clearly unhealthy instant noodles, young couples struggling to make ends meet being constantly harassed by a banking community that is engrossed on selling debts and credit cards to them. And when the young couples succumbed to their pressure and later fail to meet their dues, the banks then line up to make them bankrupt.

A government who fails to see the real problem; refuse to engage with Monetary Reformists and are too short termish to embark on the reforms needed. A Central Bank made up of Central Bankers who do not reflect on what they are doing engrossed in career pursuits, failing to see the monetary reform which is sweeping across the world in the form of the International Movement for Monetary Reform.

Indeed Movement for Monetary Justice Malaysia has been accepted as the latest new member of IMMR. Not only there are NGOs in all modern nations fighting for Monetary Reform, Economists are also rewriting the subject of Economics including banks as money creators in the basic economic model, an absolute failure and error of omission and misinterpretation in Economics currently being taught in Universities.

On the International Front our aim is to reform or call for nations to disengage from a system that allows anyone nation to print money out of thin air just because it has the privilege of being an international currency.

Where is the justice where hard earned palm oil, diamonds, gold, minerals, other agricultural produce and resources are exchanged merely for pieces of paper that can be created freely and is being created wantonly by that nation. And where is the justice if this undeserved wealth is then used to create physical havoc, wars and suffering in other unfortunate nations in the crosshairs of this nation.

Ultimately Movement for Monetary Justice fights for human justice.

Our Stated Objectives :

To advocate an Islamic Monetary System.

To educate society on the flaws of the current monetary and banking systems.

To encourage society to lead a debt-free lifestyle.

To establish alternative Islamic financial institutions.

To educate society on Islamic Muamalat.

#MMJIntroduction
#GKMPengenalan

Pengenalan kepada Gerakan Keadilan Monetari/ Movement for Monetary Justice (MMJ)

Selamat Datang ke Saluran MMJ. Gerakan Keadilan Monetari atau Movement for Monetary Justice adalah sebuah NGO yang berdaftar dengan Pendaftar Pertubuhan Malaysia. Kami adalah organisasi yang terdiri dari bekas ahli perbankan Islam, ahli akademik, ahli profesional dari pelbagai bidang, ahli Syariah, anggota masyarakat umum, pelajar dan belia.

Misi kami adalah untuk memberitahu umat tentang masaalah dan kefasadan Sistem Monetari yang kita sedang amalkan sekarang, domestik mahupun antarabangsa, yang tidak difahami ramai orang, dan kami memperjuangkan Reformasinya. Perjuangan kami adalah untuk golongan dhaif dan tertindas yang selalu melihat dengan sepi pendapatan mereka yang sudah sedikit terus tertiris dicuri kuasa belinya.

Penderitaan yang dialami juga oleh rakyat Malaysia yang lain yang lemas dengan kenaikan harga makanan, harga rumah yang jelas diluar jangkauan mereka, anak anak lulusan universiti tanpa pekerjaan, anak anak lepasan sekolah dengan pekerjaan yang gaji tersangat rendah yang menyulitkan mereka untuk berumahtangga, pelajar yang mampu makan hanya sekali sehari, pelajar yang hidup dengan mi segera yang jelas membahaya kesihatan mereka, pasangan muda yang berjuang untuk terus hidup sering diganggu oleh komuniti perbankan yang kegilaan menjual hutang dan kad kredit kepada mereka. Dan apabila pasangan muda itu tersungkur pada tekanan mereka dan kemudiannya semestinya gagal memenuhi kewajiban bayar balik mereka, para bank bank kemudian beratur dengan riang untuk memufliskan mereka.

Kerajaan demi kerajaan yang gagal melihat masalah sebenarnya; enggan berbicara dengan pihak Reformis Monetari, dan terlalu suntuk jangkauan masa depan mereka untuk memulakan reformasi besar yang diperlukan. Bank Pusat yang terdiri daripada ahli yang terasyik dalam mengajar kerjaya, hingga tidak berupaya memikirkan kesan sebenar tindakan polisi songsang mereka, dan gagal melihat ombak reformasi monetari yang sedang melanda seluruh dunia dalam bentuk contoh nya institusi International Movement for Monetary Reform (Gerakan Antarabangsa untuk Reformasi Monetari)

Sesungguhnya Movement for Monetary Justice Malaysia telah diterima sebagai ahli terbaru IMMR. Bukan setakat ada NGO di setiap negara moden yang memperjuangkan Reformasi Monetari, Ahli Ekonomi juga sedang menulis semula subjek Ekonomi mereka, termasuk mencerahkan bahawa bank adalah pencipta wang dalam model ekonomi asas, suatu kegagalan mutlak salah tafsiran sebelum ini dalam subjek Ekonomi yang sedang diajar di Universiti.

Di peringkat Antarabangsa, objektif kami adalah untuk melakukan reformasi atau menyeru agar negara-negara melepaskan diri dari sistem yang membolehkan sesuatu negara mencetak wang dari atas angin hanya kerana wangnya mempunyai hak istimewa untuk menjadi mata wang antarabangsa.

Di manakah keadilan apabila minyak sawit, berlian, emas, mineral, hasil pertanian dan sumber daya lain yang diperolehi dengan sukar, ditukar hanya dengan kepingan kertas yang dapat dicetak dengan wawenang oleh negara itu. Dan di manakah keadilan jika kekayaan yang tidak dunia izinkan ini kemudian digunakan untuk melakukan perang dan penderitaan di negara-negara malang yang lain yang dimusuhi negara ini.

Akhirkata Gerakan Keadilan Monetari memperjuangkan juga, keadilan manusia.

Objektif Kami:

• Perjuangkan Sistem Monetari Islam.
• Mendidik masyarakat mengenai kefasadan sistem monetari dan perbankan semasa.
• Mendorong masyarakat menjalani gaya hidup bebas hutang.
• Menubuhkan institusi-institusi kewangan Islam alternatif.
• Mendidik masyarakat mengenai Muamalat Islam.

#GKMPengenalan
#MMJIntroduction

Who We Are?
We’re a not-for-profit organisation based in Malaysia (although we also work with partners around the world). We rely on a team of skilled and dedicated volunteers.

Our Advisory Panel includes economics professors, authors, entrepreneurs and people from the financial industry who know that something needs to change.

What We Do?
Monetary Justice is a movement for a fair, democratic and sustainable money system.

Our current financial system has left us with the highest personal debt in history, unaffordable housing, worsening inequality, high unemployment and banks that are subsidised and underwritten with taxpayers’ money. We believe that these problems have a common root: money.

Our Objectives

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To advocate an Islamic Monetary System.

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To educate society on the flaws of the current monetary and banking systems.

N

To encourage society to lead a debt-free lifestyle.

N

To establish alternative Islamic financial institutions.

N

To educate society on Islamic Muamalat.

FAQs
Who are you?
We’re the Malaysian local movement to democratise money so that it works for society and not against it. We’re working to tackle an issue that is at the root of many of the social and economic problems that we’re facing today.
What’s the solution?
We believe the power to create money must be removed from the banks that caused the financial crisis and returned to a democratic, transparent and accountable body. New money must only be created and used to benefit the public and society as a whole, rather than just financial sector. We have detailed and workable proposals that would allow this to happen.
What’s the problem?
Right now most of the money in our economy is created by banks. Banks create up to 97% of money, in the form of the numbers in your bank account, when they make loans. This means that they effectively decide a) how much money there is in the economy, and b) where that money goes.

The control of the creation of money, in the hands of banks, has contributed to the problems of:

unaffordable housing
high unemployment
high personal debt
growing inequality
high government debt
financial crisis and economic instability

What Is MMJ?
MMJ is a not-for-profit campaign and research organisation. We raise awareness about injustice with regard to current monetary system, how money is created, why it is a problem, and how we should change the monetary system so that it benefits society, business, and the environment.

PETITION
BY MOVEMENT FOR MONETARY JUSTICE MALAYSIA

Sign This Petition

Governments come and go but the rakyat is still burdened with high and ever-increasing food and cost of living prices. Why? Is it because incorrect economic policies are in place? The truth is there will be NO CHANGE until a country’s monetary system is changed.

This is the reality of life, governments must address and not ignore. And no, it is not impossible to change the monetary system; it can be done, step-by-step.

But first, let us understand how the monetary system permanently increases prices. Inflation occurs when too much money is produced chasing too few goods, or goods that do not increase in quantity as fast as the increase in the quantity of money.

So the solution must be to reduce the production of money or to make the volume of money increase at the same pace as the increase in goods and services.

That is fine if money is produced only by governments. But what if it is the private sector which is producing 95% of a country’s money and the government via its central bank is only producing 5%?!!!

This is the reality of life not understood by many. This is the situation in all countries in the world. Central Banks via currency notes and coins produced only on average 5% of a country’s money; banks create 95% of a nation’s money when they give out loans!

Yes, banks create new money when they give out loans. And this money is not in the form of currency notes and coins. They are in an online form being the numbers in your bank account which you make payment via chequebooks, online transfers, and ATM machines. These are the money banks create. And this phenomenon is conceded to, and confirmed, by the Bank of England, The Federal Reserve of the US and by the European Central Bank. To understand the process you may wish to visit our website at mmj.my or websites of similar NGOs throughout the world like Positive Money of the UK.

Now when banks produced money when they give out loans they really are concerned only with making profits; they are not concerned with the effects of their overproduction of money towards inflation for the nation.

Banks’ ability to create money is responsible for the inflation havoc suffered by the rakyat; unending rises in food and cost of living prices and bubble inflation in house prices. Banks happily make profits; the rakyat suffers silently.

So the time has come for the government to acknowledge this problem, and begin to change and reform the monetary system.

Movement for Monetary Justice, as a registered NGO with the Objective of Reforming the Monetary System, have practical solutions to solve this problem.

Please sign this Petition to support us and to request the Government to commence discussions on Reform on the Monetary System in order to solve the problem of persistent increases in the cost of living most unfairly burdened on the rakyat.

Secretariat,

Movement for Monetary Justice/ Pertubuhan Gerakan Keadilan Monetari

Sign This Petition

PETISYEN
OLEH PERTUBUHAN GERAKAN KEADILAN MONETARI MALAYSIA

Tandatangan Petisyen Ini

Kerajaan datang dan pergi tetapi rakyat tetap dibebani dengan kenaikan harga makanan dan kos kehidupan yang tinggi dan terus meningkat. Mengapa? Adakah kerana dasar-dasar ekonomi yang tidak betul? Sebenarnya TIDAK AKAN ADA PERUBAHAN sehingga Sistem Monetari negara diubah.

Ini adalah realiti yang kerajaan harus hadapi dan tidak mengabaikan. Dan bukanlah mustahil untuk menukar sistem monetari; ia boleh dilakukan, langkah demi langkah.

Tetapi terlebih dahulu marilah kita faham bagaimana sistem monetari menaikkan harga secara kekal. Inflasi berlaku apabila terlalu banyak wang yang dihasilkan mengejar terlalu sedikit barang, atau barang-barang yang tidak meningkatkan didalam kuantiti secepat peningkatan jumlah wang.

Oleh itu, penyelesaiannya adalah untuk mengurangkan pengeluaran wang, atau membuat jumlah wang meningkat pada kadar yang sama dengan kenaikan barangan dan perkhidmatan.

Mudah dilaksanakan seandainya wang hanya dihasilkan oleh kerajaan. Tetapi bagaimana jika sektor swasta yang menghasilkan 95% daripada wang negara dan kerajaan melalui bank pusatnya hanya menghasilkan 5%? !!!

Inilah realiti kehidupan yang tidak difahami ramai. Inilah keadaan di semua negara di dunia. Bank Pusat menerusi mata wang kertas dan duit syiling hanya menghasilkan 5% purata wang negara; bank-bank mencipta 95% wang negara apabila mereka memberi pinjaman!

Ya bank mencipta wang baru apabila mereka memberi pinjaman. Dan wang ini bukan dalam bentuk mata wang kertas dan duit syiling. Ia dalam bentuk dalam talian atau online yakni nombor-nombor dalam akaun bank anda yang anda guna untuk membuat pembayaran melalui buku cek, pindahan dalam talian dan mesin ATM. Ini adalah wang yang dicipta oleh bank-bank. Dan fenomena ini diakui, dan disahkan, oleh Bank of England, Federal Reserve AS dan oleh Bank Pusat Eropah. Untuk memahami proses ini, anda dijemput melawat laman web kami di mmj.my atau laman web NGO yang seangkatan di seluruh dunia seperti Positive Money UK.

Apabila bank menghasilkan wang apabila mereka memberikan pinjaman mereka hanya peduli keuntungan mereka; mereka tidak ambil kira kesan daripada pengeluaran terlalu banyak wang ke arah inflasi bagi negara.

Keupayaan bank-bank untuk mencipta wang adalah punca masaalah inflasi yang ditanggung oleh rakyat; lonjakan harga makanan dan kos harga hidup dan inflasi gelembung harga rumah. Bank-bank mengaut keuntungan; rakyat menderita dalam senyap.

Jadi sudah tiba masanya untuk kerajaan akui masalah ini, dan mula mengubah dan mereformasikan sistem monetari Negara.

Pertubuhan Gerakan Keadilan Monetari, sebagai NGO yang berdaftar dengan Objektif Mereformasikan Sistem Monetari, memilikki penyelesaian penyelesaian praktikal untuk menangani masalah ini tetapi hasrat kami untuk menjelas kepada kepada kerajaan tidak kesampaian.

Sila senaraikan nama anda diPetisyen ini sebagai tanda menyokong kami dan meminta Kerajaan untuk memulakan perbincangan mengenai Pembaharuan/ Reformasi Sistem Monetari Negara untuk menyelesaikan masalah peningkatan kos sara hidup yang sedang ditanggung sengsara oleh rakyat.

Sekretariat,

Pertubuhan Gerakan Keadilan Monetari/Movement for Monetary Justice

Tandatangan Petisyen Ini