Why Monetary Reform?

Why Monetary Reform?
by Richard C. Cook

Do you remember the TV cartoon show “Pinky and The Brain”?

The show was about two white mice. Pinky was a gangly nutcase who talked like the Walt Disney character Goofy, with a similar personality. The Brain was this little conniving, scowling kind of guy who woke up every morning with his latest plan to take over the world.

Each episode of “Pinky and The Brain” showed how The Brain tried and failed on a given day to implement his nefarious intent. Sometimes he would try to get elected as president of the U.S. or stage a military coup or put something in the drinking water so the people would obey his will, or whatever.

In other words, “Pinky and The Brain” was not far from the truth! Today we have a cabal of financiers centered mainly in London and New York who have been trying to take over the world for the last 500 years. One term for this conspiracy is the New World Order.

With today’s worldwide economic crash, the plan is moving to its latter stages. The cabal works through the world financial system, with the world’s central banks like the Bank of England and Federal Reserve playing major roles and the Bank of International Settlements in Basel, Switzerland, at the top. They maintain control by assuring that every bit of currency used in the world derives at some point through a debt owed to a bank. That’s why it’s called a debt-based monetary system.

The alternative is to treat credit as a public utility, not the private property of the banking system. I explain how to do this in my new book, We Hold These Truths: The Hope of Monetary Reform (Tendril Press, 2009). The book is an edited version of articles published on the internet from January 2007 through January 2008 and is a compendium of ideas from the growing monetary reform movement that is the only hope for real economic democracy in a world that is falling to pieces.