December 17, 2007 (LPAC) - Today's bankers, who have gone further and further off the deep end of monetarist insanity, have come to bear the fact that young followers of LaRouche's science of physical economics know a lot more about nation building then they do; as several bankers from Bank Negara (Central Bank of Malaysia) realized recently when a secondary school graduate, during her interview for a scholarship from Bank Negara, instructed the central bankers on the American System of Economics. The young graduate, Amalina Muhammed (Millie), the daughter of LaRouche ally Mohd Peter Davis in Kuala Lumpur, wrote the following about her interview:

"They asked me about my passions and interests. I told them that I was very interested in science, any part of it. I also said that my dad explained to me the physical science of economics, and one of them was the State Credit system.

The interviewers seemed very interested in what I had to say and requested that I shared with them about the state credit system. I was delighted to do so, since I think the state credit system was quite an interesting subject matter and I was excited to brief them about it.

I started off by explaining the normal situation that would occur in Malaysia if we needed the money to build something, say a railway system. We would obtain the money from various sources, and one of our main income sources are our exports. We would then use the money obtained from the exports to pay for the expenses of building the railway.

But in the state credit system introduced by Lincoln, but was later used during the time of President Roosevelt of the United States, the country will go into a responsible debt. That means that the country does not have the money needed to build the railway, at the very moment they want to build it. As a sovereign country, they will have the rights to print their own money.

They make good use of this right and print the money to build the railway, without actually having the money at that time. To put it simple, they go into debt to build the railway. But how do they pay the debt back? This is fairly simple, as building railways create jobs. One man will receive adequate amount of money by being involved in any part of building the railway, and that one man will contribute to 10 other sectors of the country's industry.

How so? Because a man that receives money will buy food, contributing to the food sector, then the same man will buy a car, contributing to the automobile sector, and next he will buy a house, contributing to the housing sector, and the list goes on and on. This is how the country gets their money back, not by physically obtaining the money they have borrowed, but by the increasing wealth of the nation.

This system, I explained, has been proven very successful as it has been able to lift the United States during their time of depression in the late 1930s and early 1940s.

The interviewers seemed very impressed with what I had to say, and they were asking each other if they have ever heard of it. None of them have, so I was quite thrilled to be explaining to them something new.

The interview continued for about 30 minutes before they thought that they knew enough about me. I left the room feeling excited and ready for the next challenge."