One Year Later: Lyndon LaRouche Webcast July 22, 2008

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."

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[PoliticalHackertTube]

It's sad what America has turned int. I'm still amazed at how far we have fallen. It feels like everyone who is 'in charge' is choking the life out of us all, and it just doesn't stop.

[quietstormprod]

LaRouche ROCKS!!!!...he is right on! too bad this country is filled with stupid heads!

[twotonetom98]

Do you really belive @ 2:30 .00 that McCain Palin would be any different after being spoon fed by the British Astocrisy??????? what choice ??

[twotonetom98]

WOW ,,, Listen to Alex , Ron Paul ,Bob Chapman , Gerald Celente , Paul Watson ....etc.... THIS GUY IS RIGHT ON !!!!

[twotonetom98]

LaRouche for PRES!!!!!!!!!!!!!

[Ebdan88]

I really had Hope for Lyndon LaRouche. I thougt that he was a reall man who was in the good side, not the EVIL side!!? Now more and more i am hearing he is a Globalist. Just listen to his Speech!!? He talks about dumping Obama and having a Global Economi!!??? isnt that The Globalists want!!?? Oh boy they are EVIL Clever, maybe that is why they have the power for so long time ...!!?

[noodoo19]

Lyndon LaRouche seems like a sweet man with honourable intentions, and goodness knows we need someone to lead us out of the veritable abyss we are sinking more and more deeply into, but he is not very eloquent. it might be the reason that his ideology has not "taken" after such a long period of trying. somethimes the visionary needs to acknowledge his weaknesses, and find the right people to fill certain roles in order to see that vision through to success. just a thought.

[Zamolxx]

w w w . schillerinstitute . org

[tamarak1000]

The world owes so much to Mr. Larouche that I can't even think how much.

[lawharrison]

Operation FreeCast will take place this September 10th at pre determined times across the midwest and hopefully nation wide. It will not be kept a secret from anyone especially federal law enforcement. This is not going to be quiet or subverted, it will be the line in the sand, it will be the change w have been promised for decades that never came. There will be no more press conferences, no more hearings, no more executive privileges, only the roar of the greatest country reawakened...

[Sagefrakrobatik]

I'm just starting watching this I read some of his PAC brochures. I had a hard time with understanding the literature hopefully this video will make more sense.

[Sixalienasa]

Have you tried getting a job and earning money?