This is the most comprehensive and ambitious piece of legislation ever proposed. "Even my closest friends are convinced that this Act proposal will be totally ignored by those in power; "only if we let them!" I say." (The author) By restoring to government, through the Fed, the sole power to create money, the legislation proposed in this book, when enacted, shall, among other things: - Give the Fed the effective control of the circulation of money within the country; - All but eliminate the destructive business cycles; - Provide a new and substantial source of revenue for the federal and state governments; - Extend government control over the flow of U.S. dollars abroad; - Empower the U.S. government to issue loans to foreign governments without impacting the fiscal budget; - Eliminate the burden of the public debt within less than a decade; - Free the government from the need to borrow from private funds; - Restrain economically useless and dangerous financial activities; - Reverse the U.S. Trade deficit and eliminate the dangerous overhang of U.S. money abroad; - Promote economic growth, reduce unemployment and shrink the welfare state; - Initiate a movement toward reform of the economic discipline, here and elsewhere. In short, it will revitalize our economy, as well as the economy of the entire world.