How to Save the U.S. Economy

This system will create a grassroots "bottom-up" economic infrastructure to parallel the "top-down" Federal Reserve System which is collapsing. Transfers between local savings banks and the banks of the Federal Reserve System will be denominated in U.S. dollars with vouchers redeemed within the banking system. The system could be implemented within a matter of weeks through seed-money provided by the federal government. It could be replicated by any other nation. - Richard Cook by Richard C. Cook World Prout Assembly 10/10/08 - "WPA" - The crashing stock market has given its verdict. The financial rescue plan currently being implemented by the U.S. Treasury Department and the Federal Reserve System will fail to revitalize the producing economy, even with continued interest rate cuts. This is because the banking system is... [read full story]