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During that war, the Continental Congress issued the famous Continental Currency. What likely caused that money to inflate was extensive British counterfeiting, not being used to excess by our national government. see Listen to Richard C. Cook Live 11.15.08 on Monetary Reform
Richard C. Cook is a former U.S. federal government analyst, whose career included service with the U.S. Civil Service Commission, the Food and Drug Administration, the Carter White House, NASA, and the U.S. Treasury Department. His articles on economics, politics, and space policy have appe...
For years, the US government’s budget has been dependent on foreigners financing the red ink. Countries such as Japan and China and OPEC suppliers of oil to the US have huge export surpluses with the US. They recycle the dollars by buying US Treasury bonds, thus financing the US government’...
With the "bailout", the public debt has spiraled. America is the most indebted country on earth. Prior to the "bailout", the US public debt was of the order of 10 trillion dollars. This US dollar denominated debt is composed of outstanding treasury bills and government bonds held by individ...
No, but it will take work to untangle the mess in which the U.S. and its citizens are immersed. Monetary reformer and futurist Richard C. Cook was a government analyst who retired after 32 years of service. For 21 years, he worked with the U.S. Treasury, analyzing financial programs and teaching c...
ECONOMIC COLLAPSE Finally, on October 23, the White House announced that President Bush would host the first summit on November 15 in Washington, D.C. The Washington Post reported that: An Emergency Program of Monetary Reform for the United States by Richard C. Cook