Reply #198: Zarlenga's book is a monster, 700+ pages of dense economic and monetary [View All]

theory along with the fundamental need for and history of currency. Not light reading if you know what I mean. The three main parts of the Act are;

Incorporate the Federal Reserve Banks into the U. S. Treasury

Eliminate Fractional Reserve Banking

Resulting in the elimination of "debt money" to replace it with real money represented by treasury bills backed by the real assets of the nation.

If you Google "american monetary act" in the news section, you will cut out most of the reviews and critiques of Zarlenga's book. There are two pieces from OpEd news that I think pretty well sum it up.

http://www.opednews.com/articles/The-Way-Out-by-Richard-Distelhors-090528-664.html">The Way Out and http://www.opednews.com/articles/Reviewing-Ellen-Brown-s-W-by-Stephen-Lendman-090518-664.html">Restoring National Sovereignty with A Truly National Banking System

It's a very big step in the right direction.