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One Year Later: Lyndon LaRouche Webcast July 22, 2008


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July 18 2008 (LPAC)--On July 1, Lyndon LaRouche proposed emergency action by the U.S. Federal Reserve Bank, to prevent social chaos, in the face of looming collapses of some leading U.S. commercial banks and other financial institutions.LaRouche presented two emergency measures, aimed as stop-gaps, to prevent chaos.First, he called for the Federal Reserve to raise interest rates to four percent, in order to assure that institutional depositors maintain their deposits in the banking system. Second, LaRouche called on the Federal Reserve to make it clear that whenever any commercial banks face insolvency, they will be put through bankruptcy reorganization under Fed protection.LaRouche further emphasized that the Federal government must immediately enact legislation, to massively increase credit for vital infrastructure projects. Today, LaRouche reiterated that the Fed must increase the interest rate to 4 percent. The only exception to this rate would be federally legislated credit extended for the development of needed infrastructure projects based on a capital budget approach. The interest on this credit should be in the range of 1 to 2 percent. We would thus have a two-tier credit system. LaRouche emphasized that the 4 percent interest rate is necessary to staunch the flow of funds out of the system into speculation and to defend the U.S. against the British and the Europeans who are trying to incite panic in order to trigger an outflow of funds from the U.S. and a collapse of the dollar. LaRouche stressed that if the dollar collapses, then everything is gone.Raising the interest rate to 4 percent is a simple monetarist step, but it must be applied now to stop the chaos which will otherwise ensue.Sources have told us that there is currently a faction fight at the Federal Reserve and that some are pushing now for higher interest rates. Today, the Gary Stern, the president of the Federal Reserve Bank in Minneapolis and a voting member of the Federal Open Market Committee (FOMC), responsible for setting rates, called for an increase in interest rates and said that this should not wait. Also the minutes of the FOMC meeting on June 24-25, released on July 15, revealed that some members of the Fed called for interest rates to be increased by the Fed "very soon."

Channel: News & Politics
Uploaded: December 31, 1969 at 11:59 pm
Author: laroucheyouth

Length: 02:23
Rating: 4.75
Views: 15422


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Video Comments

Stan1208 (December 31, 1969 at 11:59 pm)
If you have not heard, CNN and MSNBC say that Obama is God. He will lead us. He will save us. He will take us, as a hen takes a chick under his wing. He is our lord. He is our protector. He is God.
laroucheyouth (December 31, 1969 at 11:59 pm)
Ooops I accidentally deleted someone's comment..." "One Year Later: Lyndon LaRouche Webcast July 22, 2008"according to a former senior staffer at the american national security council, larouche has one of the best private intelligence services in the world. i'm not one for conspiracy theories, but when a man like larouche speaks, even the skeptics had better listen"
jaydub4200 (December 31, 1969 at 11:59 pm)
great video...very good info
oz22verizon (December 31, 1969 at 11:59 pm)
to the rest of the world,the US govt DOES NOT speak for the US people!We the people do not want war, we were lied to about 9/11 as you were lied to about about 7/7 & now this criminal admin working with the british empire has threatened our congress & forced this dictatorial power of our financial system to go through, there's an old saying, "the fish stinks from the head down" dont blame the people blame the leaders whop lied. We are OUTRAGED by the death and destruction going on in our name!
jonah70757 (December 31, 1969 at 11:59 pm)
Of course not one of Mr LaRouche's suggestions were used after all the folks that are in controlled and have destroyed this country have ignored and attacked Mr. laRouche for decades. I admire Mr LaRouche. I respect him and thank him for the stands he has taken sometimes at great persobnal risk and sacrifice.
ludachris475 (December 31, 1969 at 11:59 pm)
Today Americans pay taxes to Great Britain through the IRS, which is not a government agency but an agency of the IMF governed by the United Nations.
oreengineer77 (December 31, 1969 at 11:59 pm)
questions:1) forced foreclosure of all banks?? i don't see how that could possibly be good for the dollar. no more mortgages?? what? 2) why is it so important to pay china in strong dollars, when they unfairly peg their currency to ours? the weaker dollar strengthens us industry. i'd rather make something, then have a strong dollar to buy cheap crap.more as i listen further..
MunkeysSockz (December 31, 1969 at 11:59 pm)
This is one of the longest youtube Videos I have ever Seen But its so Full Of Knowledge And is very Interesting =] Im gonna Watch All 3 hours of it And u guys got nice perspectives
undeadpresident (December 31, 1969 at 11:59 pm)
Interesting. Now the shit is hitting the fan.
Licmycat (December 31, 1969 at 11:59 pm)
WoW! You have quite a background Mr. LaRouche. I watched a few mins of ur vid but at this late hour I'm afraid I will have to return to watch it. 3 hours are quite long for the average American to sit still and watch something....have you ever thought about dividing it into sections of shorter duration? We are a hyper kind of people. Have a nice night.


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