| New book argues for conversion to private gold standard |
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Monetary Revolution - USA by David Redick takes aim at the Federal Reserve System and lawmakers who control U.S. fiscal and monetary policy
MADISON, Wis. (MMD Newswire) February 26, 2010 -- Monetary Revolution - USA: Let Private Mints Issue Gold Money, End Legal Tender Laws and the Fed, Adopt Dave's ‘Private Gold Standard' by David Redick argues that the United States should stop the excess creation of money and thus end price inflation and reduce corruption in government and business. According to Redick, the dollar's position as the primary world reserve currency allows lawmakers to create money out of thin air to pay foreign debts without facing exchange rates, thus causing imports to be excessive and jobs to be outsourced to off-shore companies. Moreover, he contends that the Federal Reserve System creates new money to fund excessive federal spending, such as the recent bank bailouts. Redick interprets these actions as part of a cycle that decreases monetary value and weakens America's position in the world. He argues that the United States would benefit from private currency or the exchange of metal or paper money outside the control of government entities. To that end, Redick offers a new gold standard and monetary rules designed to promote peace and prosperity. "I believe the creation of the Federal Reserve was unconstitutional and intended to serve the banking industry and corrupt politicians, not the people," Redick says. "It funds wars and causes price inflation. Both of which are among the most damaging things a government can do. Thus I focus my work for better government on the conversion to sound money backed by precious metal." Redick's four monetary rules include the requirement that all paper currency be backed by precious metals, that money issued by government will have no special status, and the abolition of any world reserve currency. Redick argues that such guidelines would result in greater stability for American purchasing power and a reduction in excess government spending. Monetary Revolution - USA: Let Private Mints Issue Gold Money, End Legal Tender Laws and the Fed, Adopt Dave's ‘Private Gold Standard' is available for sale online at Amazon.com and other channels. About the Author MEDIA CONTACT: REVIEW COPIES AND INTERVIEWS AVAILABLE ### The views and opinions expressed in this press release do not necessarily represent the views and opinions of CreateSpace or its affiliates. |