TRANSCRIPT OF CBS-TV NATIONAL BROADCAST SEPT. 11, 1992 The following program is authorized and paid for by LaRouche for President Independents for Economic Recovery "An Industrial Recovery from Today's Dark Age" LYNDON LAROUCHE: The time has come for early steps toward the reunification of Germany, with the obvious prospect that Berlin might resume its role as the nation's capitol. (From Bristol Hotel Press Conference, Berlin, October 12, 1988) NEWSCASTER: People are still pouring out of West Berlin behind me. And pouring in from East Berlin INTO the West. The police have simply given up trying to check them. (From TV newscast, November, 1989) LaRouche Warns of Balkan War (October 31, 1988) WAR! 1992 LaRouche Warns of Mideast War (July 3, 1990) WAR! 1991 ANNOUNCER: Twenty-five years ago, America was an industrial superpower -- the political, economic, and moral leader of the free world. In these last 25 years -- under the six American presidents who followed John Kennedy -- our industrial economy has been turned into a junk-heap. The world has turned into an uglier and more-dangerous place for everyone. The problems which we were beginning to solve in the 1960s, have only gotten worse. What are the prospects which face a 25-year-old of today? What is the job market? What is the state of our industries and farms? And, if our current degeneration is not turned around, what hell on earth awaits the infants who will be adults 25 years in the future? The last time the United States had a healthy economy was during the Kennedy Administration. The essential feature of President Kennedy's recovery from the Eisenhower recession was a massive build-up of the high-technology aerospace sector of industry, based on the Apollo Project. This national mission to put an American on the Moon by the end of the 1960s, acted as a science driver for the economy, and meant that, for every dollar invested by the government in research and development, we got back somewhere between ten and fourteen dollars in spinoff benefits in the private sector. Kennedy combined his crash aerospace project with an investment tax credit program. Under these, America's industrial base grew rapidly. But, when Kennedy was murdered, his policies were left in the hands of Cabinet members like Robert Strange MacNamara, the Defense Secretary, who later engineered America's commitment to the sickening, no-win butchery called the Vietnam War. LAROUCHE: Defense Secretary MacNamara introduced a complete reversal of everything which had to do with the John F. Kennedy economic recovery program and other things. In fact, MacNamara went much, much further. He and his co-thinkers reversed the entire tradition of the American philosophy of government since before the American Revolution. Whereas the United States, before MacNamara, had been committed to scientific and technological progress, investment in that progress, as a way of meeting the material problems of life, and education, and so forth, MacNamara and his friends reversed it. They introduced what became known as a "post-industrial society." This was the policy of every President after Johnson. It was the policy of the New York Council on Foreign Relations; it was the policy, of course, of the Club of Rome, a British intelligence operation created to foster this kind of thing; it was the policy of the Trilateral Commission of David Rockefeller, which gave you Jimmy Carter and Walter Mondale. This is what has ruined us over the past 25-odd years. ANNOUNCER: The damage started by MacNamara was intensified with the Administration of Henry Kissinger and his President, Richard Nixon. In 1971, Nixon destroyed the relative stability of the post-World War II monetary system, by taking the dollar off the gold standard. This allowed the international banking system to stop investment in industry, and start making its money in pure currency speculation. Kissinger capped this swindle in 1973, by engineering the Great Oil Hoax, which destroyed industry even further, while creating billions of new petro-dollars to fuel further speculation. LAROUCHE: In 1976, with great reluctance, I got into politics. I made my first independent campaign for President, in support of a general reform in international and national economic policy -- a reform which I then saw, correctly, as necessary to avoid the kind of depression into which the United States has dragged the world today. I saw and said that, as bad as the Kissinger Republicans had been, the Carter candidacy represented David Rockefeller Democrats, Kissinger Democrats -- who would be even worse. I commissioned several exposes, documenting the evidence that a Carter Presidency would be committed to outright genocide against Third World countries, and would worsen every political folly which we had experienced under Nixon and Ford. LAROUCHE: Now, the personality of Carter, of course, is somewhat minor in this respect. Carter is nothing but a pawn of the Rockefeller-dominated forces, together with other forces, i.e., the New York Council on Foreign Relations. Carter was a protege of David Rockefeller and Zbigniew Brzezinski in the Trilateral Commission, organized by David Rockefeller. Because the world is in a monetary crisis; that is, because the monetary system constructed at the end of World War II is now collapsing: the case of Italy, the case of Britain, the collapse of the Eurobond market, of the Eurodollar market, the fact that 17 or perhaps 20 developing nations are now in default on their international debts, the fact that there is no confidence in the international monetary system. Certain forces within the United States are committed to attempting to save this bankrupt monetary system. The methods to which they are resorting, are consciously modeled upon those used earlier by Hjalmar Schacht, the Nazi Finance Minister, particularly during the 1933-1936 period. That is, they are resorting to methods of expreme austerity -- auto-cannibalistic austerity -- in the effort to squeeze out of real income, out of essential social services, and out of the capital of industry itself, sufficient wealth to roll over, for at least a time, some of the bankrupt debt holdings of certain financial interests. (From a November, 1976 nationwide TV broadcast) ANNOUNCER: The Carter Adminstration fulfilled LaRouche's warnings. The operant policy became something described in a Council on Foreign Relations policy document as "controlled disintegration", a plan to undermine the national sovereignty of other nations in order that the Anglo-American banking community might better manage the collapse of the world economy into the post-industrial era. The key to controlled disintegration was the high-interest rate policies of the Federal Reserve under Paul Volker, who used the fraudulent excuse that America had to curb inflation. LAROUCHE: The Volker high-interest rate policy meant the complete erosion of America's basic economic infrastructure. As I warned in national television broadcasts in both the 1980 and 1984 presidential campaigns, all of the measures of REAL economic growth -- the percentage of industrial and agricultural operatives in the workforce; the physical productivity of labor; the amount of machine-tool and capital-goods created -- had been collapsing disastrously since the mid-1970s. ANNOUNCER: By 1981, when Ronald Reagan came to the White House, the United States was already bankrupt by any competent measure of physical economy. By 1982, the international banking system was in ruins. The dollar-denominated debt of the less-developed nations had been inflated massively. At the same time, their own internal industries had shrivelled due to lack of international investment. In 1982, LaRouche indentified that Third World debt simply could not be paid. LaRouche developed Operation Juarez, a proposal for an orderly moratorium on Latin-American debt to the International Monetary Fund and to the New York and London banks. This was combined with a plan for industrial development. The Reagan-Bush Administration refused Operation Juarez, and, in October 1982, brought in Henry Kissinger to threaten the nations of Latin-America with dire consequences if they did not refinance their debt to the IMF. As LaRouche himself warned in 1984: LAROUCHE: What the United States government has done, by supporting the International Monetary Fund and Kissinger's New York bankers, is to loot the U.S. dollar and to loot the indebted nations, both at the same time. We are being looted, to bail out bad bankers, in a scheme which must collapse very soon. (From April 27, 1984 nationwide TV broadcast) RONALD REAGAN: There has been a chorus of American politicians playing to the fears of working people, singing the song of protectionism, and charging that, as a result of the trade deficit, jobs will go overseas, unemployement will rise, and the United States will be de-industrialized. (September, 1987) ANNOUNCER: President Reagan's response to the crisis, like President Bush's today, was simply, to declare an economic recovery. The Reagan-Bush "free enterprise recovery" of the 1980s really meant an orgy of pure financial speculation, totally unconnected to industrial or agricultural production. This was combined with deregulation, and a spree of leveraged buy-outs and asset-stripping fueled by trillions of dollars of worthless junk bonds. Lyndon LaRouche repeatedly warned you of this danger during his 1988 presidential campaign: LAROUCHE: The internatinal financial crisis we are experiencing today, is the direct result of those policy decisions made by the Reagan-Bush Administration during October 1982. If you look into the financial figures, you will see, that beginning October 1982, the U.S. banking system began to build up the biggest international financial bubble in history. As a result of President Reagan's continuing the policy he adoped during October 1982, U.S. financial income zoomed over the five years from October 1982 to October 1987. But, the level of physical production inside the United States collapsed at a rate of between two and five percent a year -- during 1983, 1984, 1985, 1986, and 1987. As a direct result of the President's rejecting my proposal, U.S. export markets collapsed, leading to the terribly dangerous balance of payments crisis we are facing today. During the five years of the so-called Reagan recovery, our infrastructure rotted away, more and more of the most productive farms in the world were pushed into bankruptcy, while industries collapsed, and more and more communities and families were pushed into misery. This rot, bankruptcy, and misery, is what the President called his 'recovery'. (From April 5, 1988 nationwide TV broadcast) ANNOUNCER: It was actually under Ronald Reagan, and into the Bush Adminstration that the hedonistic ideology of the "Me Generation" of the late 1960s and early 1970s came to fuition in this nation. Under the 10-year influence of the post-industrial-society cult, we stopped looking up to competent industrial managers, scientists, and inventors; the new role model became the Yuppie, the Ivan Boesky, the Michael Milken: the parasite who became rich at the expense of his neighbors, and got away with it. LAROUCHE: President Lyndon Johnson, virtually at the point of the guns which shot Kennedy, capitulated in approximately 1966 to this post-industrial policy. Since that time, every nominated Democratic and Republican candidate for President, shared the same basic trend in philosophy of government -- a philosophy of government which turned this nation away from a commitment to scientific and technological progress, and education, and health care, and wages, and family values to match -- into an anti-family, anti-science, anti-rational, Malthusian, post-industrial policy. It was under those policies, that every Administration, no matter what differences they had among them on secondary issues -- and every candidacy of every nominated Democrat and Republican for the Presidency, EVERYONE -- was commited step by step to taking this country down, peice by piece, to the Hell and Chaos into which we're plunging today. And, there are some of you who, at this point, are seriously considering voting for a choice from among two candidacies -- that of Bush, and that of Clinton -- which at this point represent a policy in that tradition, but even worse. What Bush is proposing, and what Clinton is proposing, under the name of unworkable budget balancing measures, is what we called, back in the 1930s, fascism. The last time the United States actually witnessed a broad social movement for a better America, was during the civil rights movement of the 1960s, especially under the leadership of Martin Luther King, up to the time he was shot. In that period, many Americans, inspired by our successes in aerospace development, were prepared to fight for justice, and for economic equality, and for a better education for EVERY American, whatever their skin color or national origin. One of the leaders of that 1960s civil rights movement, who is still fighting today, is the Reverend James Bevel. Jim Bevel was one of the founders of the Student Nonviolent Coordinating Committee, and was the organizer, assigned to this work by Dr. Martin Luther King, to lead such things as the famous civil rights campaign in Mississipi, and in Selma and Birmingham, Alabama. I am honored that James Bevel has accepted my nomination for him to be my Vice Presidential running mate. REV. JAMES BEVEL: There is a guy in the country named LaRouche. Have you heard of him? Everybody and their mom and dad are throwing rocks at this man. They say he's the worse man in the whole world. They tell more lies on him than they told on Socrates. They beat up on him more than they did Jesus. And they locked him up more than they did Martin Luther King. What is it that's in a man's mind or not in a man's mind, that makes him assume that the color of the skin of a person has anything to do with the quality of the person's character? And whenever a white man comes to the scene and insists that black women should not be something you play with, white men have problems with him. He can't get into the club. Whenever a white man comes along and believes that black men should be treated and educated so that they not be some sambo-scratching-and-giggling-and-looking-foolish, but have the right to produce business and industry, and develop their minds -- whenever a white man comes along and insists that black men be treated as men and children of God, white folk have problems with him. And sometime I'm going to sit with you guys. But I'm trying to learn about that foolishness, because I've never been able to understand it. When you have problems when a white man insists that black men are men, you shouldn't have a problem with that. LaRouche is in jail, because he knows and respects black folk. Do y'all know why there was a movement in Montgomery? Because Rosa Parks wouldn't accept the lesser of two evils. Do y'all know why Martin Luther King is Martin Luther King for ever in history? Because he never would accept the lesser of two evils. Do you know why the Revolutionary War was fought and the King got put out of America? Because Washington wouldn't accept the lesser of two evils. Do YOU understand that? So they said, well y'all have got to accept the lesser of two evils. So the Negros went on back home, took the coffee and donut money, when on back home crying, that they had to vote for the lesser of two evils. Let me tell you something. I don't play about this. Any black person in America who votes for anybody who has principles less than Martin Luther King, you ought to be dead. You ought to be a slave forever. Because when you go beneath the principles of a man who gave you the right to vote, then who do you think you are? What do you think you're doing? (From a speech to a conference on education in Demopolis, Mississippi, August 21, 1992) LAROUCHE: The U.S. economy has been sliding downhill rapidly ever since October 1987. Yes, stock market prices, and Yuppies are making money in speculation -- but: more and more poor, more and more unemployed, fewer and fewer industrial jobs, lower and lower standards of living, more and more homelessness, more and more infrastructure breaking down, prices going higher all the time, and real wages coming down for most people -- schools collapsing, medical facilities collapsing, everything falling apart. This is a DEPRESSION. They've been telling you that we've been shelling out money to countries all over the world. Well, we've been giving some money to Israel, but to most everybody else, we've been giving nothing -- we've been TAKING, directly contrary to the reports you've been getting. And, the countries from which we've been taking support, such as Mexico, which we've been looting for the last ten years, are now collapsing, and can't support us any more. If we continue with this so-called free trade policy, with this post-industrial policy, there is no hope for a recovery of the U.S. economy, ever -- EVER. Only if we admit -- and that means you -- that we are in a worldwide depression, and use that word -- "depression" not "recession" -- are we likely to come to the political decision to make those changes in policies we have to make, to get out of this mess. I can assure you of the following: on the day that I am inaugurated as President of the United States, I will act immediately to halt this depression, and to get the Unites States back on the road toward recovery. On that date, I will send a bill to Congress, accompanying my delaration of a national economic emergency, and announcing, clearly, that the United States government, at last, is going to face the reality that a world depression is in progress. The bill I'll send to Congress will ask Congress to recognize the fact that I have implemented Section 8, Article 1 of the U.S. Constitution, have nationalized the Federal Reserve under that Constitution's provisions, and have converted the Federal Reserve into a true National Bank, of the type used by the first George Washington Adminstration. This bill will also request Congress, under the Constitution, to give me authorization for the Treasurer of the U.S. to issue an initial issue of more than a trillion dollars in new Treasury notes. Over half that one trillion dollars will be issued to state and Federal authorities, or to their private vendors or subcontractors, for public infrastructural works. This will create at least three million jobs in the public sector, and an additional three million jobs in the private sector. These six million jobs -- and we will have six million new, useful jobs -- will be devoted to rebuilding the five vital components of America's industrial infrastructure. A growing economy and a growing population needs vastly expanded water supplies -- we're in a national water crisis. The LaRouche-Bevel Administration will revive plans for the North American Water and Power Alliance, called NAWAPA, a system of reservoirs and canals that will divert rainfaall from the Northwest corner of the continent, down through Canada, and into the United States and Mexico. Second, our transportation system has collapsed. The LaRouche-Bevel Adminstration will maintain existing roads adequately, but we will concentrate on construction of new, large-scale railroad systems, including magnetically-levitated trains in high-density areas of population, capable of speeds of over 300 miles per hour. Third, the nuclear fussion and nuclear fusion power that we must have -- for which there is not alternative -- to fuel an industrial recovery, has been brought to a standstill by budget cuts and by the illiterate hysteria of anti-science extremists. The LaRouche-Bevel Administration will make the United States a prosperous, energy-based economy, and will mandate the brute-force scientific development of clean, and abundant fusion energy. Next: it is the policy of that new Administration that, every American who has the need, must be, and will be given adequate health care. Our Administration will mandate hospital construction in order to provide enough beds, by type of anticipated future need. As America is put back to work, more employers and employees will be able to afford health insurance, while, at the same time, a higher tax base will be available for public hospitals. Next: educating our children simply to pass multiple-choice questionnaires, is a worthless form of education for the tasks of the 21st century. Our Administration will lead a return to classical education, combined with a new version of the old, 1930s Civilian Conservation Corps, which will provide jobs and training for young people who otherwise have no hope of successful entry into the economy. ANNOUNCER: These five areas of infrastructural development are long overdue, and, without them, there will be no industrial recovery. However, to have a healthy and growing economny into the 21st century, we will need something more. We will need a science driver, very much like, in principle, President Kennedy's Apollo Project. Today, the best available choice, would be a long-range build-up toward the colonization of Mars -- which Lyndon LaRouche described in detail in a 1988 national campaign broadcast. LAROUCHE: Are you going to vote for the policies which best fit a Mussolini, or a Hitler? Do you want a Mussolini in the White House? And, if you vote for either of these guys, if they stick to what they're profiling today, that is exactly what you are going to get. The problem has been, that you American voters wish to blame Washington for your troubles. You've got to accept part of the blame. It is you, so preoccupied with your television soap opera and your other cheap recreations, and not paying attention to business, who have consistently turned out on election day -- thoughlessly, almost -- to vote for what you consider the lesser evil. And, every time you've voted, what you've done is, you've brought in evil. Now, if you're planning to vote for the lesser evil, what happens to you, your family, and this nation: for that you can blame nobody but yourself. If you care about this nation, you're going to think about an alternative, as many of you who were thinking about voting for Perot and others, were saying: that you don't trust either of the major parties, that you've learned a lesson after a long period of time -- at least, many of you have -- that with the Democratic and Republican parties, as they're structured today, America hasn't got a chance. For more information, write LaRouche for President P.O. Box 266 Leesburg, VA 22075 The preceding program was authorized and paid for by: LaRouche for President Independents for Economic Recovery