Part Five of Six Parts: Credit As A Public Utility: The Solution to the Economic Crisis
“The Gap Between Prices and Income”
Summary: 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.
http://www.google.com/video/upload/EditVideoInfo?cid=775b2c2856c91963
Part Six of Six Parts: Credit As A Public Utility: The Solution to the Economic Crisis
“The Greenback and National Dividend Solutions”
Summary: 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
©2009 by Richard C. Cook. All Rights Reserved.
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