Customer Reviews

We Hold These Truths: The Hope of Monetary Reform

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"We Hold These Truths: The Hope of Monetary Reform" by Richard C. Cook is an essential toolbox for anyone who is concerned about the economic condition of our nation and our world. Having learned so much from reading this book, I am obliged to give it my highest recommendation.

Written by a 20-year veteran in project management for the US Treasury Department, "We Hold These Truths: The Hope of Monetary Reform" provides readers with a detailed history of monetary policy in the United States and a front-row seat at the bubble-to-rubble disaster that has characterized American economics for more than a quarter century. Many thanks to Richard C. Cook for delivering all this technical analysis in very plain layman's terms that anyone can understand, instead of resorting a lot of professional jargon. Bravo!

I was particularly impressed with Chapter 15, "Concepts Progressives Must Know". This is an invaluable quick reference for understanding the functions and dysfunctions of the American monetary system from its inception until now. Cook provides a wealth of information here with a concise and logical flow, which very effectively summarizes the in-depth analysis covered in previous chapters.

Based on a career in public finance, including work in the Carter White House, Cook concludes that credit should be treated as a public utility, not a private playground for the financial elite. Instead of private banks driving whole societies irretrievably into debt by lending money into circulation that must be repaid with interest, he maintains that governments should spend interest-free money directly into circulation based on annual production values. One step further, Cook recommends a national dividend, including a Basic Income Guarantee for every US citizen regardless of employment status, to eradicate poverty, debt-slavery and the pestilence of unemployment.

These are practical applications of monetary policy that proved to be essential during pivotal periods in US history, not theoretical ideas plucked out of thin air. Moreover, these policies do not inherently yield unlimited power and control to a tiny minority of extremely wealthy financiers. Hence, this group typically responds by manipulating legislation to eventually regain control of the monetary system, thereby enslaving the rest of society to an endless cycle of debt.

What can we, the people, do to prevent this cycle of insanity and corruption from constantly repeating itself? "We Hold These Truths: The Hope of Monetary Reform" by Richard C. Cook is a critical resource for people everywhere who are fed up with economic crisis and who are interested in a viable route toward financial stability and economic democracy worldwide.

This is an amazing and important book for our times. Richard Cook has hit the nail on the head with regards to the causes of our current economic crisis. He also offers historical proof that a better way exists. I recommend this book highly! However, why it takes 1 to 2 months for Amazon to send it is a mystery that needs to be solved.

I'd say this is one of the most important books written in recent history. Having read "The Lost Science of Money" and "Web of Debt", I already knew what a scam the FED is but the solutions contained within this book were new to me. This is a well thought out answer to our country's problems. The question that goes unanswered is- Are we smart enough to do something about the collapse of our debt-backed monetary system or are we too corrupt to avoid an inevitable Depression?

In this book Richard Cook shows how we are being manipulated into debt slavery by some ruthless people. He also points to a path out of that slavery. Highly recommended
Helge Nome