october two thousand and sixteen and now i'm speaking to you on behalf of general welfare process so have very close to war world war nuclear war possibly and we are very close to the meltdown of the entire global banking system now everyone is trying to tell you that everything's hunky dory everything's ok don't worry obama has announced that he has to go he has created the greatest economic boom in bank fall meeting this is their big pharma meeting and the wall street journal reported that quote worries about deutsche bank and other personally troubled might be the next lehmann brothers not the bulk of the article cited numerous experts saying that they are bad really you know but the article conclude with the following quote should deutsche bank precipitate a financial crisis it is not clear how it would be resolved it's a european bank so the federal reserve powers of the us federal  this requires global coronation so they had this meeting and it's not clear what they decided to do but we have come to a situation where there is another much bigger crisis unfolding in two thousand and eight d international monetary fund introduced a report on the world economy at for this meeting and they said the big there is no growth especially including the united states and europe and too much debt no growth too much  their solution however is to cut back credit all over the world all over the globe and insist that china and india should cut back their issuance of credit and china and india as well as actual growth going  so we're going to there's no growth and there's too much debt so we're going to cut the credit and cut people's living standards and cut this and cut that that makes a lot of sense doesn't that's what they've been saying all along right there's too much debt we have to cut back how long we've been hearing that thirty years twenty years but the debt keeps getting bigger and then even bigger and there's nothing and everything everything else strikes everything stretched out everything slows down now what lyndon la rouche is proposing is that everyone expert banker concerned citizen politician decision maker policy maker must read now in this crisis the four reports of alexander hamilton that is the basis of what has to be done now of reporters these are reports made to congress now let me explain credit is not just  this relationship of credit to debt is not understood hamilton understood and people watching this plus all the people that are going to have to deal with this crisis if they're going to deal with discourse have to understand this very basic principle that debt created through a process of credit must be extinguished over time in other words if you created that to do something the means to extinguish that debt has to occur because few don't then the debt is carried over and more debt has to be created to maintain the vet the value of that  that's something the bankers own understand that's something your government doesn't understand that's something the experts don't understand alexander hamilton understood that now how is t because if you don't know how to do that then more debt has to be created to prevent the default of the existing debt that that was not exhausted now how is credit of time that's the question we face today in other words if we implement glass steagall separating the commercial from the investment part and then commercial part of the banking system if we don't have the means to extinguish the debt that that we're reorganizing now what hamilton did is he redirected organize debt through a national bank into new credit so the debt of the unpayable debt of the emerging nation was not defaulted on but instead was we organized into an instrument of credit that's aimed at became new credit and was used to develop the nation to develop the labor force and to develop the infrastructure and as those things were being developed the population and the physical economy expanded the production expanded the productivity per person expanded and as those things expanded to new credit that was issued to deal with that expansion exhausted extinguished the all credit the old debt in other words the growth and expansion and the actual physical growth and expansion with a proper credit struck under a proper credit structure and the new debt created as it is expand it is actually greater and it's greater and it's banks you can you can call it whatever you want a national infrastructure bank you can call it what lincoln did which is to greenbacks which were debt that became crap directory debt that was created became the credit for mobilizing the economy and it was a and so however disses to be distinguished from the experiments that were born on in europe by people like to go who are experimenting with land banks where by layers where you land was used as collateral for agricultural land use the collateral for loans  and and so the agriculture expanded to pay the loan but the problem was that's all you did was expand that will cause you did not change the actual power of the farmer to produce with less mileage labor the same error cultural up because the land back was not a bank for for lending to manufacturers and this was the issue between hamilton and jefferson jefferson was not of the opinion as was adam smith that lending to manufacturers was actually a bit of a drain on the on the expansion of the agricultural system so the whole idea of of jefferson and his land banks was basically an agrarian society work where you basically expanded agriculture perpetuating agriculture at the same level of technology as the only real and to me as opposed to industrialization which is a very different issue so so this is where the hamilton's report on the subject of manufacturers has to be seen in the context of his other two reports on credit and national bank banking  so we so the first principle of lucia's for laws is class stable the second principle deals with this question of a credit system that's imbedded in alexander hamilton the third princip through so how to his idea was a new development or fractures to sell to the farmers new and better equipment and new and better tech technology for farming such that less farmers are needed to produce the same amount and or to produce more and the surplus labor from the farms can go to the cities to further development factors and then that's where the infrastructure comes in because that's where you need the roads and the canals and the railways and everything so that i was how much as i deal was not was it was a psyche of raising the the living standard of the entire society through the development of manufacturers transforming agriculture which in turn provides the basis for for providing the labor and capacity for further development of manufacturers and that's the third aspect of lyndon la rouche is for loss because you can't go around putting your new credit into solar wind mills and and then you know you know vast fields of wind windmills and solar panels because that's not productive that that's not going to increase the channel the credit in a crisis them to wherever it's going to create the maximum development know their day they have no concept of debt i live progressive democrats have no concept of it they're supporting glass steagall but they have no concept of what i'm talking about dead if you're not able to extinction dent in and that's going to be cancer is going to grow and then you're going to have to squeeze to keep the cancer to keep the cancer keep to keep the defaults from happening or you're going to have to increase of that threat the  credit for merely servicing the debt which is where did erection ality we have been going in for a very long period of time and which is now coming to an end but if people who are involved in dealing with this crisis have no concept of what hamilton is saying then you will not survive because they have no concept now the chinese have a concept of this just why they're trying to keep the credit that they're generating including the dollars are getting from us from trade with the u s they're trying to keep it in the physical economy which is why they're growing but of course they're being blamed for the financial collapse by the i m f and in the world back why because they're not cutting back to bailout the backs they're not bailing out the banks the chinese are not the only out the european and u s banks the matter in which they are generating credit we're generating credit on a mass scale by the federal reserve but it's only to bail out the banks the europeans are doing the same thing it doesn't work so but that's not enough you have to also go to a much higher level than just developing manufacturers you have to go for scientific revolutions which qualitatively transform even further back to power of the human species like if you were to go from gas of oil to nuclear to fusion or you were to go develop the technology off the space program in all areas from biomedical to to production you're actually not only changing people's identities but you're also creating the next industrial revolutionary platform and that's how you really extinguish the credit and we've got a lot of credit that we have to expand we have a lot of debt that's how you really stings today and we have a lot of debt it has to be extinguished we consider viable just like at hamilton considered didn't want to default on the on the on the debt of the united states so we have a lot of debt in our commercial banking system that we don't want to see defaulted on so we have to accelerate the conversion of that debt into credit up and accelerate the rate of scientific development and  rate of scientific development coupled with the industrial transformations that that represent will have the effect of helping to extinguish today on a much more rapid now so this level of increase physical profit allows you to up to extinguish the dead in the city and the cycles that you have cycles you have commercial cycles that are year long half a year long you have capital investment cycles that are in the twenty the thirty to forty to fifty years long but these are cycles were worth being that where you buy that if you go from one cycle to the next you   sensually extinguished of the dead of the previous cycle like a power plant might have a fifty year lifespan so by the time the power plants it is is one kennedy was setting and a third national bank up before he was killed lincoln had a greenbacks now this is what we have to do now we have to start with but that's not enough and people have to study haven't they want to know how to reorganize the banks how to get the economy going they're going to have to study count because that's where the solution lies that he resolved that issue way back in the seventeen ni cloak currently there's a global revolt against this system of of debt and no growth and this global revolt against a system  increasing get in no groet can be seen in the absolute failure of the two institutions which were designed to increase the process of being able to sustain an increase of debt and an increase in the grove and those two institutions were the transpacific partnership and then the european version the trans pacific investment partnership now these things have failed you have three of three hundred thousand people demonstrating in germany against it the asian countries of southeast asia and and have pretty much decided you don't want to go with that our congress is not going for that t p p is dead now the t p p sets up the structure whereby bankers and corporations are able to force governments to pay or pay damages if they increase wages or to create you know unfair competition and so on and so forth between creasing wages or investment so it basically takes the  puts the nation under the control of the international bankers and that allows them to then impose greater austerity to keep and greater debt until they kill everybody but that but so now you have a revolt against the new development bank of a lot of other facilities that can be helpful in creating credit but when are putting the the the global glass steagall with the us bleeding the way you're not going to be able to do it so that's the situation that you're face and that's where hamilton has to be for once people have to understand not to idiocy of the of the musical that you know so that's one aspect the second is that we have a fundamental turning point in the military side of things with respect obvious because how do you with force all this debt which nobody wants on countries how do you force the whole system you force it through to force to some degree through force and that that's being challenged and you have the battle of aleppo going on where essentially it's been  revealed that united states is actually running the whole united states military it is running isp participating of that running along with other militaries other allies are running the whole everyone in the usa while we got in london we got to have demonstrations against the russian embassy for their violation of human rights you got every every little group of  o s and human rights and amnesty international there are going crazy now all the russians are killing civilians in aleppo we've got to protect them we need a no fly zone over over syria which means war with russia china so you got all these peace for them is asia the green it the greenies you know the animal rights people all these wonderful organizations that you know are for love and peace and all that there are calling for a no fly zone over syria that's up you know so you begin to wonder about these some of these organizations what they really are split most of them are funded by george soros but anyhow the battle of aleppo is that is is it going to determine whether this terrorism thing will will be use throughout the world so so essentially there is this rebellion against the system there's a rebellion in the philippines the philippine president has has told obama to go to help the philippines have cancel all their military exercises with us except for a few that have been ongoing and there is this result people have had it had it with no growth and debt and poverty and impose conditions of of destabilization and warfare and color revolutions they have it with all of us so we're heading into a war or no war we're heading into a situation where our system is going to collapse our current system is going to it doesn't matter whether hillary or or truck get in is it's going to collapse and you have to deal with that collapse and we have to deal with this because hillary  to deal with a clue congress is going to have to do with all the hillary will eventually have to or triple have to deal with that class but not if nobody understands what has to be done they have to understand alexander  enforcement arm it is the spine it is the blackmailing arm it is the frameup arm it is the protector of terrorism in the united states it is protected the culprits in nine eleven it protected the sardar brothers in boston who by the boston marathon it is the protector  whitey bolger a killer very famous in this world