Part 6: Credit as a Public Utility: The Solution to the Economic Crisis — The Greenback and National Dividend Solutions

Part 6: Credit as a Public Utility: The Solution to the Economic Crisis — The Greenback and National Dividend Solutions

A Video in Six Parts Written and Produced by Richard C. Cook ©2009 by Richard C. Cook. All Rights Reserved.

The U.S. should convert to a system where the money supply is created by the federal government by being spent into circulation without government borrowing or taxation as was done with the Greenbacks. The Federal Reserve should no longer be a bank of issue. Additionally, a National Dividend should be paid directly to the people. The “Cook Plan” calls for the initial distribution of vouchers in the amount of $1,000 a month plus a new system of community savings banks. Greenbacks combined with a National Dividend will create a non-inflationary democratic currency and transform the economy of the United States.

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Source: Richard C. Cook Blog

Aired: 3/24/09 12:00 AM