SIX-PART VIDEO NOW AVAILABLE: “Credit as a Public Utility"

SIX-PART VIDEO NOW AVAILABLE: “Credit as a Public Utility: The Solution to the Economic Crisis”

This is a six-part professional-quality video that is over two hours in length. Each part consists of a lecture by Richard C. Cook on the economic
crisis and its solution. The video was made on March 16, 2009, in the
Maryland Room of the Prince George’s County Library, Hyattsville, MD.
This is the most in-depth and complete critique of our debt-based
monetary system ever made. The video concludes with a complete program
of reform based on the draft American Monetary Act, implementation of a
Greenback-type currency, and a citizens’ dividend/basic income
guarantee. The material is deeply rooted in the history of American
public finance and the author’s experience of 21 years as a U.S
Treasury Department analyst. His recommendations would replace the
existing financial system, which mainly serves the interests of the
financial oligarchy, with a new monetary system that would serve the
needs of “We the People” and our producing economy. It would also
replace Federal Reserve Notes with a new system of United States
currency.

Link to Video on Dandelion Salad Website

Six-Part Video Available as a Two Hour Two-DVD Set

Click “Donate” button to place order. The price for the two-DVD set is $19.95 plus $4 S&H for U.S. delivery. If your mailing address is not included in your order please send separately
using the “Contact” page on the website. Also send inquiries about
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Video Script Available as a Down-loadable PDF

Click “Donate” button to place order. The price for the 39-page script is $5.95.

Review of Video on “People’s Economics”

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“This is a six-part professional-quality video that is over two hours in length. Each part consists of a lecture by Richard C. Cook on the economic crisis and its solution. This is
the most in-depth and complete critique of our debt-based monetary
system ever made. The video concludes with a complete program of reform
based on the draft American Monetary Act, implementation of a
Greenback-type currency, and a citizens’ dividend/basic income
guarantee. The material is deeply rooted in the history of American
public finance and the author’s experience of 21 years as a U.S
Treasury Department analyst. His recommendations would replace the
existing financial system, which mainly serves the interests of the
financial oligarchy, with a new monetary system that would serve the
needs of “We the People” and our producing economy. It would also
replace Federal Reserve Notes with a new system of United States
currency.”

“Credit as a Public Utility:

The Solution to the Economic Crisis”

A Video in Six Parts

Written and Produced by Richard C. Cook

©2009 by Richard C. Cook. All Rights Reserved.

Part One of Six Parts: Credit As A Public Utility: The Solution to the Economic Crisis

“Our Early Political Leaders Warned Us Against the Banking Interests”

Early U.S. statesmen, such as Benjamin Franklin, Thomas Jefferson, James Madison, and Andrew Jackson worked to free the nation from control by the
bankers who had been behind the establishment of the First and Second
Banks of the United States. During the Civil War, President Abraham
Lincoln implemented a true democratic currency by spending Greenbacks
directly into circulation without borrowing from the banks. These
measures allowed the U.S. to develop for much of the 19th century
largely free from bankers’ control. By the end of the century, this had
changed, and the bankers were taking over. Click
Here

http://video.google.com/videoplay?docid=3468056684550176104

Part Two of Six Parts: Credit As A Public Utility: The Solution to the Economic Crisis

“The Federal Reserve System: The Bankers Take Over”

President Lincoln’s Greenback system worked but was undermined and replaced by the financiers who got Congress to pass the National Banking Acts of 1863 and 1864, then the
Federal Reserve Act of 1913. The United States now became a nation
dominated by the financial elite, the banks, and a debt-based monetary
system. Consequently, the 20th Century was one of constant cycles of
inflation and deflation resulting in the economic chaos we see today.

http://video.google.com/videoplay?docid=7247440563842157664

Part Three of Six Parts: Credit As A Public Utility: The Solution to the Economic Crisis

“The Collapse of the Financial System”

The collapse we are seeing today began in the financial system, not the producing economy. The crisis started with the housing bubble which the Federal Reserve created by cutting
interest rates and then brought own by raising them. The trigger of the
2008 bank meltdown was refusal by European banks to purchase any more
“toxic” U.S. debt based on mortgages and sold as securities. Now, with
the decline in equity values, the burden of debt in our economy has
grown even larger. Thus a renewal of bank lending will not solve the
problem, while the economic stimulus program of the Obama administration
is likewise insufficient to restore economic health.

http://video.google.com/videoplay?docid=-2586504549221421168

Part Four of Six Parts: Credit As A Public Utility: The Solution to the Economic Crisis

“What is Credit and Who Should Control It?”

Fractional reserve banking is the process by which banks create credit out of thin air. But despite abuses of the system, credit is still a crucial
part of modern economics. An enlightened concept of governance would
view credit as a public utility. This means that government must take
back the control of credit from the private financiers.

http://video.google.com/videoplay?docid=-4061589997977265938

Part Five of Six Parts: Credit As A Public Utility: The Solution to the Economic Crisis

“The Gap Between Prices and Income”

One of the most important and least understood concepts in modern economics is the existence of a gap between prices and purchasing power. This gap results when a portion of
prices must be set aside as business and private savings. The money is
then used by the financial system for lending and speculation.
Keynesian economics takes control of some of the savings through
government deficit spending but is still a compromise with control of
the economy by the financiers. In fact Keynesian economics has helped
cause the collapsing debt pyramid. A better system would be to provide
consumers with a National Dividend as a way to monetize the continuous
appreciation of the producing economy.

videoplay?docid=3035089455833762689

Part Six of Six Parts: Credit As A Public Utility: The Solution to the Economic Crisis

“The Greenback and National Dividend Solutions”

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.

http://video.google.com/videoplay?docid=2945437690287937254