Rebuilding America's Heartland: From the "Rust Belt" to the "Belt and Road"
Join us live at 2:30pm Eastern with our host Matthew Ogden and special guest Bill Roberts, LaRouchePAC Policy Committee member for the Midwest.
MATTHEW OGDEN: Good afternoon, it's Jan. 26, 2018; my name is Matthew Ogden and you're joining us for our Friday webcast here from larouchepac.com.
I'm joined by a special guest today, Bill Roberts, who is joining me from Detroit, Michigan. Bill Roberts is the LaRouche PAC campaign coordinator for the Midwest, and we've also been able to witness his success in terms of being an electoral candidate, a congressional candidate in which he won 41% of the vote in the Democratic primary there in Michigan.
Now, the title of our show here, today, is "Rebuilding America's Heartland: From the 'Rust Belt' to the 'Belt and Road.'" The theme of our show is to take a look at the campaign 2018 electoral platform that LaRouche PAC has issued and is currently mobilizing nationally, to look at that through the lens of the Midwest, the so-called "Rust Belt" which had once been the engine for economic growth of the entire United States. This is the productive heartland of our country, and this is what has been the epicenter of the collapse of manufacturing and skilled labor in the United States. This is the core of our capability, to bring the United States into the new era of great projects and economic development which is typified by China's Belt and Road Initiative, thus, the title of our show. "Rebuilding America's Heartland: From the 'Rust Belt' to the 'Belt and Road.'"
Now, the core contents of the LaRouche PAC 2018 electoral platform is that the United States Presidency must immediately adopt the four economic laws of Lyndon LaRouche, and enter into a win-win relationship with China's New Silk Road. The four economic laws of LaRouche are exactly what is necessary right now, if we have a means to exit what seems like a "no exit" situation. We have a four-day countdown, now, between this moment and President Trump's State of the Union address next Tuesday. As we've been counting down those days, we've been escalating our campaign nationally to put this on the agenda: LaRouche's four economic laws, and the United States joining the New Silk Road.
From the looks of it, in President Trump's address just this morning, at the Davos World Economic Forum, he will need a Damascus Road conversion over the weekend, in order to come around to the understanding that, no, talking about a stock market bubble and $7 trillion in so-called "added value" on Wall Street is not an economic recovery! That in fact, is the very problem. This is exactly what William White, the former chief economist of the Bank for International Settlements warned about in an interview that he delivered in Davos with Ambrose Evans-Pritchard, where he discussed the fact that we are practically inevitably heading towards a collapse of the trans-Atlantic financial system, for this very reason: the cheap-money, zero percent interest rate policies that have been instituted by the Federal Reserve and the European Central Bank have created what William White called a "Catch-22." If those interest rates remain low, we will be headed towards a hyperinflationary explosion of money in the system, and that will lead us to a Weimar-style hyperinflation, as we saw in 1923. But if the European Central Bank and the Fed decide to raise interest rates, the "zombie banks" and the "zombie corporations" which have been existing for the last several years, based on this zero percent interest rate, cheap-money, quantitative easing policy, will implode and we'll have a collapse of the system in that direction.
Now, from the standpoint of William White, that warning has "no exit."
In fact, there is an exit, and we know exactly what it is, and this is what President Trump must immediately adopt. The exit is Lyndon LaRouche's four economic laws: Erect a firewall in the form of Glass-Steagall between the commercial banking and the productive investments, and all of that trash that we have as speculative value on Wall Street and the City of London. Let that trash dry up and blow away, but protect the productive necessary commercial banking aspects of our economy. Replace the speculative economy with a Hamiltonian credit system, where you take trillions of dollars of Federal credit, through a new National Bank, and direct that not into speculation, but into real, physical value; into large-scale infrastructure projects, great projects, into new industries, into manufacturing, and into increasing the productive powers of labor of the workforce of the United States, especially — as we're going to discuss here today — the Midwest formerly productive workforce, and also bringing the United States into this new great projects New Silk Road.
That's what President Trump must understand about economics, and we have a four-day countdown between now and the State of the Union, to put that on the agenda. By no means does our job end at that moment, but the purpose of this 2018 electoral platform, that the LaRouche PAC has issued, is to win a campaign essentially for the U.S. Presidency. Obviously, this is not a Presidential campaign year, and President Trump is the duly elected President and will be the President for the next three years at least, despite the efforts of the Russiagate coup and his opponents who are trying to take down his Presidency, but the electoral campaign that we're running, is a campaign for the policy of the United States Presidency: It's a campaign to win the Presidential policy fight.
What we're going to discuss here today is the strategy, and the Midwest, or the industrial heartland of the United States is one of the crucial elements to that strategy. You're going to see in just a moment, that President Trump's victory in the 2016 elections, was in fact due to his victory in the Midwest. He was able to break what was called the "Democratic blue firewall," and he flipped four major, former industrial, rust belt states that had been going Democratic since the election of FDR in Presidential elections; and he flipped them and won those states: Pennsylvania, Michigan, and Wisconsin, not to mention his victories in Ohio.
How did he do that? Well, he addressed the very fact that the Republican and Democratic Parties had been in a devil's bargain consensus to both be the party of free trade and post-industrialization. And candidate Trump exploded that entire consensus, went in there, said, "I'm against free trade, we're shutting down NAFTA," and especially, he said, "we're going to bring back industry to the heartland." We're going to have new manufacturing, new jobs, and he even called for a "new industrial revolution."
I'd like to give a little bit of background before we get into this discussion, of what it was that President Trump was tapping into, whether he knew it or not fully. But this is the spirit of productivity, and in fact, I would like to assert that this is not the Trump constituency, but this is the "LaRouche constituency." And what we're going to do with this campaign to put the 2018 LaRouche PAC platform on the table, is we're going to reclaim that LaRouche constituency, we're going to organize that constituency around this vision, the Four Laws economic program, and we're going to use that leverage to create a revolution in the economic policy of the United States Presidency.
Let's go back a little bit, to what form the industrial powerhouse that the Midwest was known as, before it was allowed to deteriorate and become the "rust belt." This is what happened, due to Franklin Roosevelt's mobilization during World War II, to take what was the auto machine tools of the automobile industry, — in Michigan, in Ohio, in Wisconsin, in western Pennsylvania — and to retool those auto plants and to use that skilled labor force, to launch what was called the "Arsenal of Democracy."
So let's go back in time a little bit and take a look at this news reel from World War II, and you'll see what we mean when we talk about Franklin Roosevelt's Arsenal of Democracy.
FRANKLIN D. ROOSEVELT: We must be the great arsenal of democracy.
NARRATOR: President Roosevelt makes an unprecedented 9,000 mile tour of the United States, to see for himself the nation at war. Visiting armament plants from coast to coast, he stops at the giant Chrysler tank arsenal, where he sees the Army's latest mechanized monsters, tested as they come from assembly lines.
Then, on to one of Henry Ford's great bomber plants, where the President and First Lady are greeted by Mr. Ford and General Manager Sorensen.
Plane workers, delighted with the surprise visit, show the President that wartime production is meeting the goal set, many plants exceeding their quotas.
PRESIDENT ROOSEVELT: We shall send you, in ever-increasing numbers, ships, planes, tanks, guns: That is our purpose and our pledge!
NARRATOR: And the President's words meant action. America became the Arsenal of Democracy. ...
Working 24 hours a day, seven days a week, where General Motors is undertaking to produce more than 10% of all war matériel fabricated from metal. Thousands of workmen in four GM divisions turn out machineguns in a mass-production basis. Output is months ahead of schedule....
General Motors has pioneered in applying mass production methods to the manufacture of aircraft. Work goes on day and night under the adept fingers of General Motors men and women. They are producing an avalanche of weapons for victory in General Motors manufacturing centers all over America. Machine tools, the master tools of industry and of victory are made at a constantly increasing rate.... [end video]
OGDEN: So "machine tools, the master tools of industry and victory" are made at an ever-increasing rate. That was the Arsenal of Democracy. That was Franklin Roosevelt's economic program.
Now, what happened? President Trump, in the 2016 election did what all other candidates have refused to do: He refused to take what he called the "forgotten men and women" of the United States, very much so, these formerly industrial, skilled labor force, and he said, you will be the forgotten men and women no more.
Contrast that to what Hillary Clinton did, where she took these states — Pennsylvania, Michigan and Wisconsin — took them for granted, and in fact, never even went to Wisconsin for a campaign event — and lo and behold, on Election Night, surprise, surprise, Pennsylvania, Michigan and Wisconsin, all went for Trump. And in fact, that was the key to his winning the U.S. Presidency.
How did he do it? Well, let me play this clip for you from President Trump's going to Ypsilanti, Michigan to the Willow Run auto factory, and where he discusses the Arsenal of Democracy, and calls for the creation of new industrial revolution.
PRESIDENT DONALD TRUMP: Great Americans of all backgrounds built the Arsenal of Democracy, including the legendary Rosie the Riveter, who worked here at Willow Run. You know that. [cheers] Seventy-five years ago, during the Second World War, thousands of American workers filled this very building, to build the great new airplanes, the B-24 Liberator, at peak production — listen to this — it's not the country that we've been watching over the last 20 years: They were building one B-24 every single hour. [cheers] We don't hear that, we don't hear that any more, do we?
We'll be back, we'll be back, soon. The most amazing people.
And while that's incredible, it's a tribute, really, to the teamwork, determination and patriotism that lives on today, in each and every one of you. Great people — you're great people.
Now, these hundreds of acres that defended our democracy are going to help build the cars and cities of the future. So I ask you, — that's fine, 'cause you're rushed — so I ask you today to join me in daring to believe that this facility, this city, and this nation, will once again shine with industrial might. [cheers]
I'm asking you to place your faith in the American worker and these great American companies. [applause] I'm also asking you, to respect, and place your faith in companies from foreign lands that come here to build their product. We love them, too. Right? We love them, too. [applause]
I'm asking all of the companies here, today, to join us, in this new industrial revolution: Let us put American workers, American families, and American dreams first, once again. May God bless the American worker. May God bless the Motor City. And may God bless the United States of America. Thank you, thank you. [cheers]
OGDEN: And there you have it. So let's put on the screen here, the electoral map, and this is a very interesting map [Fig. 1] and I'm actually going to ask Bill Roberts to discuss it with us a little bit. But this was published by the Washington Post immediately after the election victory by President Trump. And you'll see here, the title is "The Former Obama Strongholds Sealed the Election for Trump." And I'll let Bill describe what we're looking at, but you'll see there, the concentration is in the rust belt, in the former industrial heartland, there, and that's the region of the country we're talking about here, right now.
So Bill, tell us what we're looking at in that map and explain to us exactly what the strategy for victory here, has to be.
BILL ROBERTS: Sure. Matt, let me just start out by saying that there was recently an article published by a local representative, representing Macomb County [michigan], I think one of those counties that was an Obama-voting county, probably voted for Obama twice, and then shifted and voted for Trump. What this local elected official was arguing for a decent high-wage, what's called a prevailing wage, for union employees. And he made the point in that document that this policy actually started with Henry Ford; it started with Henry Ford's decision that he was going to pay his workers $5 a day to produce cars, and this wage would allow them to be able to buy the car that they were producing. So this is the coalition of producers which we now have to mobilize to define, the standard of competence on which national elected officials are going to run their campaigns.
Now, let me bring back up this map, here: What you're looking at, these are the districts across the country that voted for Obama twice, as in the dark yellow; and in the light yellow are districts that voted for Obama once. But all of these shaded areas then were the counties that switched, that swung and voted for Donald Trump in 2018. So these are traditionally Democratic areas, where Trump went in and campaigned, where Hillary Clinton did not, and he really made his focus the "forgotten men and women," who were part of this very advanced — I think "rust belt" is a kind of derogatory term, because in fact, the labor forces associated with these regions, whether they be farmers or skilled workers, produce extremely advanced products, to the tolerances of a thousandth of an inch, or even smaller. And Trump tapped into something that Lyndon LaRouche identified later, which is that, this was part of actually a global process of voters rejecting the failures, the failed policies of the trans-Atlantic financial system, the destruction of the skilled workforce; the overrunning of these areas with an epidemic of drugs, of opiates; the failed regime-change wars. And they voted for the policy, and not the party.
And so, these are obviously going to be areas in which both the parties are going to be looking in the election to try to swing the vote. The problem is, neither party has the policies that can address the dire situation that these forgotten men and women find themselves in. Neither party's leadership has a competent program to be able to directly address these blue collar and rural districts in the upper Midwest, in terms of the kind of economic destruction they've seen.
So, it really falls upon the campaign of the LaRouche Political Action Committee, and what we have to find is the standard of competent that can actually rebuild these areas. The LaRouche Four Laws, the identification of the necessity of the United States cooperating with China and countries that we can align our credit systems with, in order to actually capitalize a national infrastructure bank and a full economic recovery.
I would just say that, you know, you have Democrats on the one hand, who continue to push the fraud of the Russiagate investigation, as if this hasn't been disproven, and moved to other slanders against Trump, such as the Durbin fraud of the racist remarks that Trump allegedly said. None of the voters in these swing areas, they absolutely hate this kind of stuff. And then, on the Republican site, Trump has really got to be able to break with this GOP/Wall Street backed leadership orientation within his own party, in order to be able to address, similarly, this voting base. Because Wall Street- backed policies are not going to finance an economic recovery. Trump has already said that the public-private partnerships are not going to function to build the vast amount of infrastructure that's required.
So the LaRouche Political Action Committee and our team here in the Midwest, are looking at races of interest, not necessarily ones that are going to come down to Republicans versus Democrat, but maybe even ones where there's an interesting difference in the party primary first — in other words, in the immediate period, in the immediate campaigns, is there an Obama-backed candidate, for example, who is running against someone who has the support of building trades, of engineering societies? Has a real interest in the revival of the productive economy, and this is our domain to shape.
As you said Matt, this is really a LaRouche constituency. And I've been in these areas: I mean, these are people that voted Democrat in every election in their entire life, and then they voted for Donald Trump. And it was the question of the "fair trade not free trade," it was the issue of bringing back manufacturing; it was the commitment to seeking solutions beyond geopolitics, beyond the regime-change wars that have been, really disproportionately hitting these post-industrial and urban communities that have made up a disproportionate number in the Armed Forces recruitment.
So, if you look, there is 53% of these communities that shifted over and voted for Trump after having voted for Obama: This is an interesting demographics of producers who are clamoring for real leadership. There is a profound, profound vacuum of leadership, that I know from our forays into the state legislatures in the recent weeks, are really demanding a way in which — and they have not found this solution outside of what we have presented to them — but a way in which you can actually capitalize, a sustained and thorough, scientific-driven, infrastructure-driven economic recovery over the next 10, 15, 20 years. And what strikes these local elected officials more than anything, is that they have not been presented with any other plan at all that even identifies an approach to amassing the kind of investment that you will get with the LaRouche plan and that you will get with the cooperation of the United States with China and with countries like Japan.
So, I think it's an extremely fertile situation if we intervene with a kind of vigor now to define the only competent solution which exists for candidates and for constituency groups to demand that those candidates campaign on.
OGDEN: And that's exactly the declared intention of this 2018 Platform from LaRouche PAC, is to seek out those constituency groups, but more so to create those constituency groups that are going to, through leadership and organization, will demand this scientifically informed economic agenda; what LaRouche has laid out. Glass-Steagall to erect a firewall; reorganize the financial system; national banking as Alexander Hamilton did it; trillions of dollars in Federal credit for infrastructure, new industries, productive employment; and then all under a driver. Like the same kind of driver you saw there for the Arsenal of Democracy; that was a mission orientation. The kind of mission orientation that we need today is the space program and for fusion power. These are the kinds of drivers that create the top-down organization that economic activity can participate in, and then will feed into and have a self-reproducing kind of increase in productivity.
Now what happened in Detroit, and what happened in Michigan, and what happened in the Midwest, was not something that was just a crisis of the last few years. This has been decades and decades in the making, and it goes back even before NAFTA. What occurred was a loss of that commitment that Franklin Roosevelt had to productivity and to productive employment. We actually, Bill, you and I worked together to produce a video several years ago, around the time that Detroit was forced to declare bankruptcy. It was called "Detroit: A Test Case for Genocide". In that video, we put together an animated graphic that showed the population increase in Detroit due to the mobilization around the Arsenal of Democracy; but then following that, and with the abandonment of that commitment to industrial production, the population decrease which has occurred for several decades, and which has now gotten to a critical point. So, this is actually an animated population graphic, and I would like to just put this on the screen. You can listen to the narration there. This is from the original video, "Detroit: A Test Case for Genocide".
VIDEO: The population of Detroit began to explode around the turn of the 20th Century; increasing exponentially around 1910. However, with the crash of 1929 and the onset of the Great Depression, the population of Detroit began to level off and even decline for the first time in its history. It wasn't until Franklin Roosevelt's Arsenal of Democracy that the population began to grow again, surging to its maximum in 1950 with a population of over 1.8 million people; making Detroit the fifth largest city in the United States at the time.
However, after 1950, the population began to drop once again, slowly at first, but accelerating over time. By the year 2000, the population had collapsed to under a million, and by 2010 to 713,000; less than the population was a century before. A more than 60% drop from its peak in 1950; a loss of over 1 million people. This will only continue to accelerate at an ever-increasing rate under the bankers' dictatorship now controlling the city. [END VIDEO]
OGDEN: That was the despair and the crisis which really has been many generations in the making in Michigan, in Detroit, that Lyndon LaRouche was seeking to resolve when he called for a new re-tooling of the auto industry back in 2012 to 2013, and even prior to that around the bankruptcy of the Big Three [automakers]. What he was calling for at that time, was to say "Let's re-tool the auto industry, and let's use this machine tool capability — the 'make anything' industry — to build the kinds of lock and dams, the bridges, the high-speed rail, the components for nuclear power plants; the kind of materiel that you would need to mobilize an emergency economic recovery of the United States. The fact that that wasn't done, has created even worse conditions of impoverishment and despair. As you pointed out, Bill, some of the pockets of the worst opioid epidemic are in these former industrial, former skilled labor communities. This is the constituency which elected President Trump, but what has to happen if President Trump is going to deliver on the promises that he made? How is this going to mobilized? What kind of economic recovery, what form is that going to take now from the standpoint of the Midwest?
ROBERTS: Well, if the news media had actually reported what Trump did when he was in China, Trump secured $254 billion in direct investment into these various states you're talking about. West Virginia, which has been decimated by Obama and by the drug epidemic, West Virginia is set up to receive $84 billion in direct investments from a Chinese company, as a result of the trip that Donald Trump took to China and the friendly cooperation of China and the United States, facilitated through these two leaders — the President of China and President Trump. Now, that's more money than any known proposal proposes to have the Federal portion, the Federally-funded, matched portion of investment in U.S. infrastructure. You look at any plan coming from Democrats, that's more money than the Federal government is going to capitalize in an infrastructure program. So, the first question on anyone's mind who now knows that — if you tell that to them — since the media is not readily reporting that is, "How is China able to invest so much in infrastructure?" Of course, the answer is that China has an American System policy bank; that's how China is able to capitalize these vast development programs across the continent of Asia into Africa.
Now of course, China and Japan are both willing to put probably a total of about $1 trillion or more into capitalizing a policy bank in the United States. It doesn't have to be a direct investment. A number of direct investments by China were rejected on the basis of supposed security concerns. So, they don't have to be direct investments, but we can simply capitalize a national bank and then utilize the approach we have in the past, such as a new gas tax, to finance such debt, such a national banking structure. I think this is something that used to be very commonplace; this is how Franklin Roosevelt did things, this is how Abraham Lincoln did things, and it's a kind of forgotten method. If this would have been reported that, in fact, this is the dynamic that exists in the world that is driving massive development throughout the planet, then everyone would be talking about this already. Everyone would be wanting to know how China is able to do this. They would be demanding that the very Henry C Carey system that the Chinese love to study so much is exactly the basis on which we now unleash a 10-15 year process of massive infrastructure investment; and that the way that you pay for this, is through massive revolutionary breakthroughs in technology keyed off of breakthroughs in the manned space mission and the expansion of NASA, and in fusion power. That it's the revolutionary scientific advancements, not money per se, which actually is what pays for this process. The Chinese understand this, too; which you can see in their fusion program and in their highly developed and growing space program.
The media has certainly been aiding and abetting an unfortunate process in this country; where the elections will tend to be very partisan, low level, least common denominator kinds of discussions; hot-button topics. But it doesn't have to be. Everything that we've just gone through here in terms of the history of how the United States has been a productive country and has been a scientifically revolutionary country driven by the machine tool sector, and has had institutions that make it possible to finance such revolutionary developments; that these are not only available to the United States, but that this is already a process driving most of the world. In fact, the President of the United States has been the most open President, and is very open to working with these other countries within this very sort of dynamic. So again, our objective — we have to sort of evangelize; because there are so many people out there who, if they simply knew what was happening in the world and if they had the LaRouche Four Laws solution at their fingertips, they would gladly demand it. They would gladly reach across the aisle to work — Republicans working with Democrats on mobilizing big Federal expenditures for infrastructure; Democrats gladly dropping the insane anti-Trump tirades, and instead urging him to break with Wall Street, and reach across the aisle and work with Republicans who are willing to collaborate on an anti-Wall Street policy, an American System policy along with Trump. So, we found tremendous openness.
But we don't want to just go to the candidates for the endorsement and for them to campaign on these policies — on the New Silk Road, on ending the coup against the President, and on LaRouche's Four Laws. But rather, we want to get to their base of support — the skilled labor unions, the professional organizations, the engineers, the voting blocs in general and the state legislatures, the super constituents. We have to have an accelerated process of educating these individuals on the unique LaRouche solution that you are not going to get from the party leadership at this point, who are really too much stuck in the old paradigm. But if we introduce these constituents to the New Paradigm, sure, of course, gladly they will take that instead of this lame discussion that you'll otherwise get at these candidates' debates.
OGDEN: And LaRouche PAC is uniquely positioned to do that; that's why it's so necessary that we put out this platform, this statement of intent and that we're conducting a national mobilization. LaRouche PAC, especially there in the Midwest with the productive labor force, the working class constituency, LaRouche PAC has an extraordinary amount of authority on the ground among those kinds of labor organizations and productive workers. I would say also Bill, you personally have an extraordinary amount of authority because of what you have been engaged in there for years; including, as I mentioned at the beginning, a Congressional campaign that you ran in 2012 there. You got 41% of the vote in the 11th Congressional District there in the 2012 Democratic primary.
Now, I'd actually like to play a clip for our viewers of testimony that you gave in front of the Detroit City Council in 2012, when this entire rigging of the LIBOR rate came up and the city was dealing with "Oh my gosh! How are we going to repay these debts and are we going to have to declare bankruptcy?" Here's the intervention that you made around Glass-Steagall and the necessity of immediately instituting this kind of Franklin Roosevelt policy. So, this is testimony from July 24, 2012 at the Detroit City Council.
ROBERTS [video]: My name is Bill Roberts. I am running for U.S. Congress, and I do so for the same reason I'm here today, which is that if I were not here to say what I'm saying today, no one would say it. I'm calling on the Detroit City Council to reject any cuts that endanger the lives of human beings, and instead to publicly call for and fight for the reinstatement of House Resolution 1489, the reinstatement of Glass-Steagall; which both Congressmen from Detroit are co-sponsors of, to break up the too-big-to-fail banks. The reason why I bring this up today is because it is clear that 75% of major cities enter into interest rate swaps. These interest rate swaps were rigged against cities at the highest level; at the LIBOR — the London Inter-Bank Offered Rate. This is murder. This is not insider trading; this is murder. It has resulted in cuts to departments that have killed people. There are people at the highest level involved in this. I call upon the Detroit City Council to stand up and have the guts to tell the private bankers that they are going to jail.
OGDEN: Now, within the next year, Detroit was forced to declare bankruptcy under Rick Snyder and financial manager Kevyn Orr. And exactly one year later, in July of 2013, Lyndon LaRouche went on record and was asked what has to be done to save the city of Detroit, to save the entire industrial heartland, and what kinds of solutions are on the table? He talked about Glass-Steagall, but he talked about an expanded Glass-Steagall solution. So, I'd like to just play this clip from Lyndon LaRouche for you.
LYNDON LAROUCHE: What is the situation of the United States in terms of its economic development over the period, say the last really effective Presidency went down? What happened, particularly with two terms of the Bush family and this latest phenomenon, is that the economy of the United States virtually does not exist. And that's true in the case of the auto industry in particular, which is the center of this whole thing with Detroit, is the auto industry. It's not just the auto industry in Michigan, nor is it in the northern states around Michigan. It goes all the way through the entire system — north, south, east and west. The U.S. economy does no longer function! And there is no hope for this nation under the present conditions, unless we change those conditions radically. Therefore, we have lost the auto industry. Do you know how important the auto industry was? Do you know how important back in 2005 and so forth when we fought to save the auto industry? And I was playing a leading part in that fight. Do you realize what happened when the auto industry went down? Do you realize that we no longer are a nation capable of meeting our own needs? Look at the food supply. What's the food supply of the United States? How do parts of the farm area work? Nothing works! Especially since George W Bush became President. Since that point, there has been a disintegration throughout Europe and throughout the United States and other parts of the world. We no longer have a sustainable economy. What we have is the possibility, with special efforts, to revive the economy.
Now, what we're going to have to do — we've got some people in Detroit, for example. They're unemployed, essentially. There are few of them left in the other odd industries that they fled into as machine tool specialists and so forth. What we're going to do is create a new industry, based on the core of the skilled people who can play a key leading part in assembling a replacement for what used to be called the auto industry. The real name for the auto industry as it was since World War II, is the machine tool industry; that's its character. So, our job is, in the case of Detroit, you cannot solve this economic problem by sitting there or by following some politician's recipes. What we can do is seize control of the situation. Only through Glass-Steagall can we save the United States; otherwise the United States is doomed without Glass-Steagall. Because there is no agriculture, there is no machine tool system, there is no labor production of any significance; that's it. So therefore, unless we get Glass-Steagall in, we will not be able to make an immediate change from the kind of economy on which you're operating now, which is a hopeless failure. By changing quickly to bring agriculture back, to build up the water systems that we need for feeding our people; all these things depend upon Glass-Steagall. Not just Glass-Steagall itself, but an expanded version of Glass-Steagall.
Therefore, the issue is, unless we can seize the hands of power in the United States and organize the government to behave like the government, not like it's been doing recently; and go in there and put Glass-Steagall into effect quickly. Having done that, we're going to have to — in addition to Glass-Steagall — we're going to have create a credit system to supplement Glass-Steagall in order to finance the things that have to be built up in terms of production which are needed to restore this nation. Without those actions, there's no hope. You don't have a chance; there is no other option. Grab the United States; put it back to business as best you can, and use some innovation. But above all, apply Glass-Steagall as I know how to do it; and some other people also know. The very fact that we restore the confidence of the people in their own nation — that is, the United States — by taking immediate action; which means large amounts of fundraising and fund contributions to get farming and industry back going immediately. We have to have — just as Roosevelt did during the period of the onset of the Depression, his first years. We had people; we put them to work. They weren't really producing anything; they were stuck in there with shovels and picks and so forth out in the streets. They weren't really producing things, but they were there; and they had a job. And they had the beginnings of a family income, and they had a future. That's what Roosevelt gave them, and that's what we now have to give the people of the United States. We cannot give them much, because the friends of the Bush family have stolen so much there's not much left for real people. But we can restart the process of production; restart that; and that we can do. And that we must do. Without Glass-Steagall, we cannot do it.
So, the lives of the people of the United States depend upon Glass-Steagall. And Glass-Steagall can only be delivered by Glass-Steagall Plus. Glass-Steagall Plus means that we're going to take the junk that is junk, and we're going to cancel it. Most of this banking crap is worthless; there's no value in it. So why are we continuing to bail it out in a hyperinflationary rate? We don't need it. Put the thing through processing, and you will find that when you go through the paperwork, all these banking systems, the Wall Street crowd, all of them; how much of these things they claim they own are actually real? I don't know if they could come out with a penny of it for a giant. So therefore the point is, we have to restore the United States; get rid of this crap, and do what Franklin Roosevelt did. It's going to be more difficult than what Franklin Roosevelt faced in his time, but the principle is, we've got to do it. That's the answer; we've got to do it and get the message across to the people. That's the only thing; there is no other chance. Forget this Republican nonsense; they're just wolves trying to find a place to bark in. But that's the answer, and there is no other answer.
OGDEN: So, that was from 2013, but as you can see, that's the core of Lyndon LaRouche's Four Economic Laws; that's the entirety of the program. That's the kind of voice of authority that we have to come into the scene with, and speak with that kind of forcefulness, that kind of authority. That's exactly the voice of Lyndon LaRouche that this constituency bloc can be formed around. As I said, what Trump tapped into — whether he knew it or not — is indeed the LaRouche constituency there in the heartland, in the industrial Midwest.
So, Bill, I just wanted to let you make some concluding points, but this is the theme. We can very rapidly take this so-called Rust Belt and bring it into the Belt and Road Initiative; and bring the New Paradigm of great projects into the Midwest and awaken that kind of optimism. So, Bill, I invite you to just go ahead.
ROBERTS: Well, I think what Lyn said right there is absolutely key; that's it. People got brainwashed into thinking that money is the key to wealth; that money is economy. And Lyn said "No. Cancel a lot of that money. We don't need the money." People said, "Cancel the money? How can we do that?" The point is, you don't need it, and what you need is, you need the machine tool capability, you need the advanced farming, and you need the things that go along with that. I wish we would have had a graphic in terms of where the funding goes in a national credit system, because that's really what he was addressing here. But the key is, you need the credit. We can build everything we need to. The people, the "toolies" in these areas as they call them, in these counties where people switched profile and voted for Trump; they understand this. They understand how what is central to an economy; what is essential to a productive workforce. The issue is credit. You don't need Wall Street trying to make 11%-12% off of any money that they loose from their hands. What you need is to organize the credit; then the people can build the economy. You don't need the straitjacket of this monetary system. In fact, if Trump doesn't move against this Wall Street financial bubble, this will bring the country down. It's a ticking time bomb right now, waiting to go off; as William White and others have said. This thing is ready to go. If this is not moved against with the Glass-Steagall policy, we're looking at a complete and utter disaster. But the good news is, we don't need it. It's simply that the American citizenry, the people watching this today, have to take it as a personal challenge that we have to create among these constituencies of the country, the notion that there is a standard of competence for Federal office. That standard of competence is the comprehension of this principle; this non-monetarist credit system principle that we have been discussing today.
I guarantee that if you do that, people will listen.
OGDEN: Well, let me put on the screen one more time "A Campaign for Victory: The Campaign to Win the Future". This is the electoral platform that LaRouche PAC has put out for 2018. And Bill, you're right in the middle of mobilizing the constituencies there in the Midwest. We need a national mobilization to endorse this platform; not only candidates for office, but Bill, as you said, the building trades, the labor unions, the productive workers, the agricultural organizations. These are the constituency bases that need to come to understand this as principle. The link is there on the screen: LPAC.CO/YT2018. This is the LaRouche PAC election platform for 2018.
We've got a lot of work to do, because it is our responsibility to communicate what you just said, Bill. This is a non-monetarist principle; it means that you have raise your level of comprehension of what economics is really all about. This is not monetarism, this is not Wall Street; this is a question of what makes mankind a unique creative species, and how is that reflected in national economic policy. So, that's what is contained in the LaRouche PAC 2018 Campaign to Win the Future. We ask you to join our mobilization; endorse this, and become a part of what we're doing nationally. This is our strategy for victory.
So Bill, thank you very much for joining me here today. It's good to hear from you; it's good to hear what's happening out there in the Midwest, and we look forward to being in touch a lot more. I think we can look forward to a real mobilization. So, thank you very much.
And thank you for tuning in to larouchepac.com. Please stay tuned; we have a lot of work to do, and we'll see you next week. Thank you. Signing off, this is Matthew Ogden. Good night.