Democrats Should Skip a Party and Read the American Monetary Act

[Phred42]

Richard C. Cook is a former U.S. federal government analyst, whose career included service with the U.S. Civil Service Commission, the Food and Drug Administration, the Carter White House, NASA, and the U.S. Treasury Department. He is a contributor to the American Monetary Act. His articles on economics, politics, and space policy have appeared in numerous websites and print magazines. His book on monetary reform, entitled We Hold These Truths: The Hope of Monetary Reform, will soon be published by Tendril Press. He is the author of Challenger Revealed: An Insider's Account of How the Reagan Administration Caused the Greatest Tragedy of the Space Age, called by one reviewer, "the most important spaceflight book of the last twenty years."

Democrats Should Skip a Party and Read the American Monetary Act
by Richard Cook
http://www.opednews.com/articles/Democrats-Should-Skip-a-Pa-by-Richard-C-Cook-080826-485.html

...snip...

Of course they know that the most important cartels are those which control energy resources. And that of these, the commodity of central importance is oil. But is any of this helping them draw conclusions regarding the doubling of oil prices during the last year or about the largest oil company profits in history? Also, they should be drawing the right conclusions from the fact that every private and pubic enterprise operates on the basis of a money economy, though it would be more accurate to call it a credit economy. This means that whomever controls the issuance of money and credit controls the world. And the world's monetary systems function on the basis of money and credit being introduced into circulation through loans from the banking system, loans for which interest is charged. So what should that tell them?

In fact, they should point out to each other and their TV viewers that the charging of interest for the use of money is a chain around the neck of everyone on earth. Further, that these cumulative interest charges are built into the price of every product that is manufactured or consumed. And that growth of debt means price increases, too. They should be honest in making it clear that the world is a master-slave society, that the slaves are those who borrow and pay interest, that the masters are those who collect the interest, and that this unjust system has existed in one form or another for thousands of years.


...snip....

These are the things the Democrats in Denver should be talking about, instead of going to so many parties. They should be making note that the U.S., to quote economists close to the Federal Reserve, is "functionally bankrupt." In fact, the debt this nation owes to the banks, to foreign creditors, and to each other can never be paid off. Further, one big reason for all of our fruitless military endeavors overseas may simply be to escape unpleasant economic realities at home. But this is pointless. Nothing creates more debt than war, as the bankers have always known.

The only solution is to adopt a monetary system that is not based on debt. Dr. Blain makes a couple of specific recommendations:

1) "Stop using percentage rates to calculate charges for the use of money"; and

2) "Congress must supply the economy with a money base that is debt-free and interest-free."

The second point is a call for a new monetary system, not one based solely on lending by the banks or on government borrowing. One organization that has developed a blueprint for such a system is the American Monetary Institute (AMI), headquartered in Chicago. The director of the AMI is Stephen Zarlenga, author of a massive, groundbreaking work: The Lost Science of Money (AMI, 2002). Zarlenga's assistant is Jamie Walton, a monetary reformer from New Zealand.

AMI will be holding its fourth annual conference in Chicago on September 25-28. Expected as keynote speaker is Congressman Dennis Kucinich, whose wife Elizabeth once worked as an intern at AMI. Dr. Bob Blain will be a featured speaker.

[truedelphi]

1. Ron Paul, who had ten percent of the Republican vote in the Primary

In my County in CA, he Has been speaking out about the Federal Reserve for a long time.

JFK actually tried to do something about it. In fact, for all I know, his Executive Order regarding the Fed could simply be dusted off by President Obama and put into play.
Too many people cry, "Conspiracy!" any time the Fed is mentioned.


Meanwhile those of us who are starting to get the picture of why there are always these endless wars, why the economy has these down turns every fifteen years or so, etc keep trying to keep trying to get people interested.

Like Kucinich says, "Wake Up! America!"
(Just because we are paranoid, doesn't mean that there are NOT folks out there trying to get us!!)

[Phred42]

2. Ok Paul isn't the only one who has been talking about this

in Paul's case I see it this way: Even a broken Clock is correct twice a day.

[truedelphi]

3. he's been right three times, which sadly is more often than some

Of the Vichy Dems. (He was against the first Iraq war, against the Second, and he understands the monetary system is broken.)

I keep turning for comfort to a book by Pauline Maier, about the actions of the Colonists in the late 1760's through the mid 1770's.

One thing that that entire community excelled at was understanding importation and exportation. The Colonists who went on to be our Revolutionary War heroes and the Fathers of our Country all stood in solidarity against IMPORTS.

Curious that no one anywhere in our modern and floundering world is even talking about importation.
At least not in this country.

And when importation is allowed, especially at rampantly high levels, then JOBS are exported as well.

Something that the Quincys, the Adams and the Jeffersons all understood way back when.

If the American public had been as wise as the Founding Fathers had hoped we would be, we would have stood firm on keeping up measures against rampant importation. And if textiles, automobiles, tires, telephones etc couldn't be imported, then they'd (DUH!) have to be made here.

So if that had been the case, then we would have the economy zooming along because millions of jobs were not exported!! And we would not be watching the American dream slide down the rabbit hole into oblivion, or worse.

[Phred42]

4. that's true. But I would never trust a Libertarian period