Friday, 1 March 2013

We Hold These Truths: The Hope of Monetary Reform

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Author(s)Richard C. Cook
Subject(s)Monetary reform
Genre(s)Economic democracy
PublisherTendril Press
Publication date2009
Media typePrint (paperback)
Pages280 pp
We Hold These Truths: The Hope of Monetary Reform is a book (2009) by former U.S. federal government analyst and author Richard C. Cook, proposing a comprehensive series of measures to transform the dominance of a debt-based monetary system into one aligned more closely with the physical economy's productive values. The basis for the author's resolution is grounded in the work of C. H. Douglas and the reformer's advancement of Social Credit as a dimension of economic democracy.


[edit] Background

We Hold These Truths is an edited compilation of sixteen articles written throughout a sequence of events during 2007-2008 which included the Democratic and Republican presidential primaries and former Comptroller General David M. Walker's, Fiscal Wake-Up Tour. Chapter Eight is titled "It's Official: The Crash of the U.S. Economy has Begun".[1]

[edit] An Overview of the Book

In addition to an underlying contention that Federal Reserve Notes are a "substandard type of money" introduced "into circulation only through a debt payable to a bank with interest",[2] and the expressed view that "the root cause of the modern economic crisis is . . . ultimately spiritual",[3] three other themes are especially prominent throughout the text. These include; 1) a failure by governmental leadership to uphold its constitutional obligation to U.S. citizens, 2) a recounting of instances in which credit as a public utility has been enlisted successfully in the past, and 3) its envisioned inclusion along with a national dividend as components of a proposed 'National Monetary System'.

[edit] See also

[edit] Notes

  1. ^ Cook, Richard. "It's Official: The Crash of the U.S. Economy has Begun". Centre for Research on Globalization., 14 June 2007. Web. 17 May 2011.
  2. ^ Cook, Richard. "An Emergency Program of Monetary Reform for the United States". Centre for Research on Globalization., 26 April 2007. Web. 11 Jul 2011.
  3. ^ Cook, Richard. "Economic Democracy and a Guide to the 2008 Presidential Election". Centre for Research on Globalization., 10 January 2008. Web. 14 Jul 2011.

[edit] External links

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