- Campaign
Literature « 1992 New Hampshire Presidential
Primary « Lyndon
LaRouche (D)
1992 New Hampshire Presidential Primary
Lyndon LaRouche (D)
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1/4" x 11". |
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We Are Going to
Save the People and the Nation!
The following statement was issued Oct. 27 by Democratic presidential candidate Lyndon LaRouche, from his prison cell in Rochester, Minn.
It is now obvious that the year 1992 will be as frighteningly famous to future historians, as was 1789, the year of the French Jacobin Revolution. What is going to happen, obviously, beginning now, but coming to a head in 1992, is the collapse of the Anglo-American monetary and financial system, upon our heads—the whole system.
We are already in an economic depression, speaking in physical terms, worse than the 1930s. The collapse of infrastructure; the collapse, bankruptcy, and liquidation of businesses and farms; the condition of bridges; the condition of health systems; the collapse of school systems; the bankruptcy of whole communities—in all these terms, the condition of the U.S. economy today is already worse physically than it was under the Hoover depression of the 1930s.
The danger is this: If there is an attempt simply to reform the institutions and policies which have shaped economic, monetary, and financial developments over the past 28 years—the years of the coverup of the assassination of President John F. Kennedy—then this United States is going deep into the pit, along with all the people in it.
I have watched carefully the general character of the policies, rather than the rhetoric, of a number of people who have followed me in enlisting themselves as candidates for the 1992 Democratic presidential nomination, and potential candidate New York Governor Mario Cuomo. What they are saying is entirely a disaster from the standpoint of reality. They are all going toward one form or another of fascism, a kind of reform of the system presented in sugar-coated rhetoric, but which is nothing but fascist austerity to save a bankrupt financial system. None of them has so far grasped what must be done.
People are going hungry, people are homeless. We can't produce anything anymore, we lack the capacity to produce, so we have to import. We are tens of trillions of dollars in debt, and when the dollar slides down this time, we are going to have to pay our foreign obligations in foreign currencies, and then we are really in the soup.
What Do You Do?
So far, our leaders have been unwilling to bite the bullet on the issue: What do you do when the system crashes, as it is in the process of doing? None of them seems to have a glimmer ofan idea of what to do.
I laid out some alternatives in a book-length paper in 1982, Operation Juarez, following my meeting with President Jose Lopez Portillo of Mexico. That paper indicated what to do, when the crash of 1982 came—as it did, in August and early September of 1982.
Now, it is too late to rescue the American banking system with the program I proposed in that paper. It's too far gone. We have had nine years of folly, following the policies which were insisted upon by then-Vice President Bush and Henry Kissinger, his policy partner. Bush and Kissinger beat me in 1982. As a result, the whole banking system is shot and rotten today. As a result, today, you have already lost your pension. It is wiped out (probably traded for junk bonds), by someone such as Minnesota's Skip Humphrey, the Attorney General in that state, who sold out a good deal of reserves for junk bonds, to a guy named Kravis, a friend of the Bush family. Your Social Security is in jeopardy, your life insurance is in jeopardy, your bank account is in jeopardy. All of these things, if they are guaranteed by the U.S. government, are guaranteed by an agency which no longer has the resources to meet all of its obligations simultaneously.
What are you going to do? What I proposed in 1982, minus the attempt to bail out the U.S. banking system, which can no longer be saved.
What We Have To Do
Number one, What we are going to have to doand you have to have a President who understands it, which no Democratic candidate except myself does—is to declare a national emergency. Number two, under the emergency powers of the President, we must nationalize the Federal Reserve System, which is now unconstitutional. Number three, we must restore the constitutional principle for emission of the U.S. currency.
We must declare the United States bankrupt, its banking system is bankrupt. That's a fact, and the government has to recognize that fact. You can't say that banking systems are sacrosanct, and human lives are not. You cannot force somebody to starve to death on non-existent welfare because you say the banking system has to be saved first. No. Human lives are more important than banks. The U.S. economy, the United States as a nation, is more important than any bank or collection of banks. Banks are only businesses, which can go bankrupt like any other business. We are going to save the people and the nation. We'll do the best we can by the banks, we'll do the honorable thing, but we are not going to support a bankrupt banking system, which did a great deal to create the mess in the first place.
We are going to nationalize the Federal Reserve, and establish a U.S. National Bank of the type we had under the George Washington, and under Presidents James Monroe and John Quincy Adams. This bank is going to issue—with the backing of a Congress terrified by the impact of the depression—credit for massive water projects, massive power development projects, production and distribution, massiye transportation improvements, and the general fostering of capital-intensive, power-intensive investment in scientific and technological progress in production by agriculture, by mining, and by industry generally.
. We are going to organize the biggest recovery operation in history, not because we have big egos, but because we have big needs. We have a big U.S. economy in shambles to save, a lot of unemployed and immiserated people, a lot of debts to pay which we can not at present pay, and responsibilities as a world power to get this planet in order.
Now, people who aren't willing to do that, who aren't willing to bite that bullet, just aren't in the world of reality.
Will a Great Moment Find a Little People?
Let me conclude with one thing. After the events of 1789, people were horrified to see the brutal slaughter, by means of the guillotine, by these crazy radical, half-communist, half-fascist Jacobins, a little Freemasonic cult supported by London. They chopped off the best heads in France, ruining the French economy, almost destroying French science, almost destroying the French nation. Many people thought what the historian Friedrich Schiller then said: That a great moment, a moment of opportunity, had found a little people, a people too small to find in themselves the fitness to cope with the situation.
Lazare Carnot and his friend pulled a coup, and overthrew the Robespierre terror. But then, the French people in their stupidity tolerated Napoleon Bonaparte, and France, since 1815, except for the moment of glory under President Charles de Gaulle and his Fifth Republic, has never recovered the glory, the grandeur, the honor, the dignity which the France of the years pre-1789 had.
Does the United States, a nation faced with a great moment of opportunity, the Crisis of 1992, also have a little people? Is the United States going to go down to contempt in history, because its people didn't have the guts to support a man qualified to be President in time of crisis—perhaps simply because that man happened to be a political prisoner, put into prison by his enemy, President George Bush?
Democrats for Economic Recovery, LaRouche in 92 has endorsed the Schiller Institute's call for a mass Demonstration Against Genocide, to be held at the United Nations international headquarters in New York City on July 4, 1992. For more information, call 202-547-1492 in Washington, D.C.
For more information:
Washington, D.C. 202-547-1492
Northern Virginia, 703-437-1266
Eastern States Distributors, Inc.
Drexel Hill, PA 215-734-7080
Southeast Literature Sales, Inc.
Baltimore, MD 301-247-4200
Norfolk, VA 804-531-2295
Richmond, VA 804-323-7462
Midwest Circulation Corp.
Chicago, IL 312-907-4000
Detroit, MI, 313-942-0652
St. Louis, MO 314-961-6302
Minneapolis, MN 612-874-1860
American Systems Publications, Inc.
Pasadena, CA 818-577-9514
Livermore, CA 415-449-3622
Seattle, WA 206-362-9091
Southwest Literature Distributors, Inc.
Houston, TX 713-789-6900
Hamilton Systems Distributors, Inc.
Ridgefield Park, NJ 201-641-8858
Boston, MA 617-380-4000
American Century Distributors, Inc.
Pittsburgh, PA 412-885-7270
Paid for by Democrats for Economic Recovery, LaRouche in 92, P.O. Box 690, Leesburg, Virginia, 22075.
The following statement was issued Oct. 27 by Democratic presidential candidate Lyndon LaRouche, from his prison cell in Rochester, Minn.
It is now obvious that the year 1992 will be as frighteningly famous to future historians, as was 1789, the year of the French Jacobin Revolution. What is going to happen, obviously, beginning now, but coming to a head in 1992, is the collapse of the Anglo-American monetary and financial system, upon our heads—the whole system.
We are already in an economic depression, speaking in physical terms, worse than the 1930s. The collapse of infrastructure; the collapse, bankruptcy, and liquidation of businesses and farms; the condition of bridges; the condition of health systems; the collapse of school systems; the bankruptcy of whole communities—in all these terms, the condition of the U.S. economy today is already worse physically than it was under the Hoover depression of the 1930s.
The danger is this: If there is an attempt simply to reform the institutions and policies which have shaped economic, monetary, and financial developments over the past 28 years—the years of the coverup of the assassination of President John F. Kennedy—then this United States is going deep into the pit, along with all the people in it.
I have watched carefully the general character of the policies, rather than the rhetoric, of a number of people who have followed me in enlisting themselves as candidates for the 1992 Democratic presidential nomination, and potential candidate New York Governor Mario Cuomo. What they are saying is entirely a disaster from the standpoint of reality. They are all going toward one form or another of fascism, a kind of reform of the system presented in sugar-coated rhetoric, but which is nothing but fascist austerity to save a bankrupt financial system. None of them has so far grasped what must be done.
People are going hungry, people are homeless. We can't produce anything anymore, we lack the capacity to produce, so we have to import. We are tens of trillions of dollars in debt, and when the dollar slides down this time, we are going to have to pay our foreign obligations in foreign currencies, and then we are really in the soup.
What Do You Do?
So far, our leaders have been unwilling to bite the bullet on the issue: What do you do when the system crashes, as it is in the process of doing? None of them seems to have a glimmer ofan idea of what to do.
I laid out some alternatives in a book-length paper in 1982, Operation Juarez, following my meeting with President Jose Lopez Portillo of Mexico. That paper indicated what to do, when the crash of 1982 came—as it did, in August and early September of 1982.
Now, it is too late to rescue the American banking system with the program I proposed in that paper. It's too far gone. We have had nine years of folly, following the policies which were insisted upon by then-Vice President Bush and Henry Kissinger, his policy partner. Bush and Kissinger beat me in 1982. As a result, the whole banking system is shot and rotten today. As a result, today, you have already lost your pension. It is wiped out (probably traded for junk bonds), by someone such as Minnesota's Skip Humphrey, the Attorney General in that state, who sold out a good deal of reserves for junk bonds, to a guy named Kravis, a friend of the Bush family. Your Social Security is in jeopardy, your life insurance is in jeopardy, your bank account is in jeopardy. All of these things, if they are guaranteed by the U.S. government, are guaranteed by an agency which no longer has the resources to meet all of its obligations simultaneously.
What are you going to do? What I proposed in 1982, minus the attempt to bail out the U.S. banking system, which can no longer be saved.
What We Have To Do
Number one, What we are going to have to doand you have to have a President who understands it, which no Democratic candidate except myself does—is to declare a national emergency. Number two, under the emergency powers of the President, we must nationalize the Federal Reserve System, which is now unconstitutional. Number three, we must restore the constitutional principle for emission of the U.S. currency.
We must declare the United States bankrupt, its banking system is bankrupt. That's a fact, and the government has to recognize that fact. You can't say that banking systems are sacrosanct, and human lives are not. You cannot force somebody to starve to death on non-existent welfare because you say the banking system has to be saved first. No. Human lives are more important than banks. The U.S. economy, the United States as a nation, is more important than any bank or collection of banks. Banks are only businesses, which can go bankrupt like any other business. We are going to save the people and the nation. We'll do the best we can by the banks, we'll do the honorable thing, but we are not going to support a bankrupt banking system, which did a great deal to create the mess in the first place.
We are going to nationalize the Federal Reserve, and establish a U.S. National Bank of the type we had under the George Washington, and under Presidents James Monroe and John Quincy Adams. This bank is going to issue—with the backing of a Congress terrified by the impact of the depression—credit for massive water projects, massive power development projects, production and distribution, massiye transportation improvements, and the general fostering of capital-intensive, power-intensive investment in scientific and technological progress in production by agriculture, by mining, and by industry generally.
. We are going to organize the biggest recovery operation in history, not because we have big egos, but because we have big needs. We have a big U.S. economy in shambles to save, a lot of unemployed and immiserated people, a lot of debts to pay which we can not at present pay, and responsibilities as a world power to get this planet in order.
Now, people who aren't willing to do that, who aren't willing to bite that bullet, just aren't in the world of reality.
Will a Great Moment Find a Little People?
Let me conclude with one thing. After the events of 1789, people were horrified to see the brutal slaughter, by means of the guillotine, by these crazy radical, half-communist, half-fascist Jacobins, a little Freemasonic cult supported by London. They chopped off the best heads in France, ruining the French economy, almost destroying French science, almost destroying the French nation. Many people thought what the historian Friedrich Schiller then said: That a great moment, a moment of opportunity, had found a little people, a people too small to find in themselves the fitness to cope with the situation.
Lazare Carnot and his friend pulled a coup, and overthrew the Robespierre terror. But then, the French people in their stupidity tolerated Napoleon Bonaparte, and France, since 1815, except for the moment of glory under President Charles de Gaulle and his Fifth Republic, has never recovered the glory, the grandeur, the honor, the dignity which the France of the years pre-1789 had.
Does the United States, a nation faced with a great moment of opportunity, the Crisis of 1992, also have a little people? Is the United States going to go down to contempt in history, because its people didn't have the guts to support a man qualified to be President in time of crisis—perhaps simply because that man happened to be a political prisoner, put into prison by his enemy, President George Bush?
Democrats for Economic Recovery, LaRouche in 92 has endorsed the Schiller Institute's call for a mass Demonstration Against Genocide, to be held at the United Nations international headquarters in New York City on July 4, 1992. For more information, call 202-547-1492 in Washington, D.C.
For more information:
Washington, D.C. 202-547-1492
Northern Virginia, 703-437-1266
Eastern States Distributors, Inc.
Drexel Hill, PA 215-734-7080
Southeast Literature Sales, Inc.
Baltimore, MD 301-247-4200
Norfolk, VA 804-531-2295
Richmond, VA 804-323-7462
Midwest Circulation Corp.
Chicago, IL 312-907-4000
Detroit, MI, 313-942-0652
St. Louis, MO 314-961-6302
Minneapolis, MN 612-874-1860
American Systems Publications, Inc.
Pasadena, CA 818-577-9514
Livermore, CA 415-449-3622
Seattle, WA 206-362-9091
Southwest Literature Distributors, Inc.
Houston, TX 713-789-6900
Hamilton Systems Distributors, Inc.
Ridgefield Park, NJ 201-641-8858
Boston, MA 617-380-4000
American Century Distributors, Inc.
Pittsburgh, PA 412-885-7270
Paid for by Democrats for Economic Recovery, LaRouche in 92, P.O. Box 690, Leesburg, Virginia, 22075.
Copyright © 2023 Eric M. Appleman/Democracy in
Action. 