Many years ago, when I first started to “learn the truth” I discovered The Naked Communist and The Naked Capitalist by W. Cleon Skousen. These two legendary works from 1959 provided me with some of the first insights into the world as it really is. Their value remains the same today. When compiling my 2003 book, The Liberty Dollar Solution, I was pleased to include this summary of The Urgent Need for a Comprehensive Monetary Reform, dated 1983, and confirmed that Dr. Skousen, along with the Federal Reserve, turned 90 that year. Might I add, however, that the similarities end there.
This chapter, The Urgent Need for Monetary Reform, was written by Dr. W. Cleon Skousen.
The American Founding Fathers originally intended a monetary system quite different from the one we have now. In fact, they had hoped to prevent many of the fiscal and economic problems with which our present monetary system is afflicted.
Historically, the principal mistakes grew out of two rather amazing monetary institutions that crept into our system. The first institution, the Federal Reserve, which poisoned the monetary well, was the development of a privately owned central bank copied after the Bank of England. The second institution which brought on us a cycle of “boom and bust” economics was the adoption of a procedure for the creation of “money out of nothing” through a system of fractional banking…
DOWNLOAD: The link below will open up a PDF file of Chapter 22 of my 2003 book, The Liberty Dollar Solution.