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We Hold These Truths

In the wake of this U.S. economic meltdown, the mainstream
population faces four possible futures:

  1. Adjust and accept diminished prosperity, in a life that includes two or three part-time jobs, a perpetual job search in a declining economy, and the need to share housing with extended family or even strangers. And by the way, plan to join the underground economy.
  2. Jump on the bandwagon of a new international war! Hey, World War II got us out of the post 1929 Depression, why not try that strategy again?
  3. Prepare for chaos in the streets and a right-wing response of martial law and the suspension of our core doctrine—the Bill of Rights.
  4. Join a real and positive revolution—to reform a broken monetary system, rebuild our public infrastructure, and develop an income assurance strategy that gives everyone a chance at a future that provides for life, liberty, and the pursuit of happiness.
We Hold These Truths

In We Hold These Truths, author Richard C. Cook proposes a comprehensive series of measures that would transform the debt-based monetary system into one based on the productive values of the physical economy.

If the American people ever allow private banks to control the issue
of their currency, first by inflation, then by deflation, the banks and
corporations that will grow up around [the banks] will deprive the
people of all property until their children wake up homeless.…The
issuing power should be taken from the banks and restored to the
people, to whom it properly belongs.

—Thomas Jefferson,
writing to the
Secretary of the Treasury
in 1802
We Hold These Truths
The Hope of Monetary Reform

Publisher's Price: $19.95
Trade paper
300 pgs—Appendix,
Bibliography, and Index
“A valuable edition to the literature
on the current ‘hot topic.’”
Brian Leslie, editor
Sustainable Economics,
February 2009.

CIPA EVVY _Gold Award

Gold Winner
Political / Social


Richard C. Cook is a government analyst who, after 32 years in government service, retired from the U.S. Treasury Department in January 2007. While at the Carter Whitehouse, Cook began his study of monetary reform.


During his 21 years with Treasury, he continued his
study of U.S. monetary history, analyzed Treasury financial
and administrative programs, and developed and taught
training programs on public finance.

In February 2007 he wrote the first of a series of essays that
predicted the brutal economic landscape of Summer 2008.
This book of collected essays charts a course for a better

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