It's Tuesday February 12th 2013; My name is Dennis Mason. This is your daily podcast from LaRouchepac.com.
For today's broadcast, I'd like to play you a clip from yesterday's policy discussion with Mr. LaRouche, where he very succinctly and efficiently lays out the nature of today's British empire-- this is really key to comprehending the how and why of both the monetary side and the strategic side of the crisis. There are many details and breaking events, and if you don't have a clear conception of what is generating the events-- the singular nature of the crisis-- it's real easy to get swamped down by detail, and get caught up fighting the wrong fight. And the pace of history is moving so quick, and those of us who are committed to changing the course of history for the better so few, that we've got to keep our our fight focused and effective.
So here's the clip of Mr. LaRouche-- and the whole of the discussion is available for you on the front page of the site.
They get nervous about it, because -- or what they get nervous about me about, several things: One is the British question, on the Queen. Well, the Queen is a drug pusher! That's been well-established, I don't know what they need.
But the problem is they don't have any sense of identity, security and so forth. They just close their minds, people just close their minds to reality, if they don't want to face it. They run into a hiding place. It's like they stick their heads down a toilet, and say, "Look, I'm protected." It's that kind of thing that you're dealing with. And that's a very commonplace kind of thing.
But on the British side, the problem is, which is vulnerable, is that the British Empire is a British Empire. And as a matter of fact, it's a continuation of the original Roman Empire. Because the Roman Empire, where there had been other systems which were very large systems, they didn't have that character that the Roman Empire did, as a legal system as such. And thus, then you had the two Venetian systems coming, and then the second Venetian system that came in was the one that led to the establishment of the British system, as an empire.
So what you're dealing with, the fact is, that Saudi Arabia is a part of the British Empire. We caught them at that, in the 9/11 business. Because it was in the 9/11 that Saudis and others, including Saudi officials, actually organized 9/11, with the support and participation of the British! The British Monarchy! Now, you say, "What? The Saudis are part of the British Monarchy?" Yes, but it's not just them: Take the international banking system. Now, what is the international banking system in this process? That is the empire! Trace it! That's exactly how the Saudis and the British were together on 9/11, because of BAE, which is the funding of the whole thing.
The same thing was done again with the other process. And the idea is to save the money system!
Now, the problem here, is most people are rather stupid, is they assume the problem, the issue is money. The issue is not money! The issue of money is, that people are stupid enough to believe in it! The issue is credit. Because money does not guarantee you anything, as you see, now, from Bernanke. Money ain't worth anything, and neither is Bernanke, in fact! Because there's nothing fungible in what he does.
So therefore, what's the issue. The issue is, the basis of the growth of nations, and development and saving of nations, is based on credit. That is, even money depends upon credit. Money, unless it has backing of credit is worthless. I mean, there are a few things, like metal substances that are used as money, and they can be bought and sold on their own account. But when you try to get a surrogate for money, and that's all you have, you don't have anything.
So the problem here, is that the obstacle is that people believe that their vital, personal interests, depend upon money, which is not true! Money could be completely cancelled, as money. I could cancel it, as money, from what I know. As long as I have credit. Because credit is based on the fact that a government, along with other institutions associated with government, give credit, as we did in the case of the first Presidency of the United States. We gave credit. And people would get that credit, and they would pay off the credit when the crop was delivered, or when the product was delivered. And so you would have these patterns in the United States, where agriculture was a big factor, and every season of harvesting of the agriculture product was a time to settle the matter of credit.
So all we really need is a credit system, which is designed on the principle that Alexander Hamilton specified. We don't need money! We only use some money which is based on actually owning something that could be turned into money because it has an intrinsic value of that type, physical value; but in general, we don't need money, we need credit. But we also need somebody to produce the product that corresponds to that credit. So the basis of wealth is production, not money! Money is simply a convenience, when it's used as credit, as a short-term kind of credit. And what's valuable is the creation of wealth, in a timely fashion.
So the factor that people are obsessed with money per se, the very idea of clinging and cringing before this Money-God, is the way that they are made stupid! Because they believe, they talk among themselves, they believe in the need for money! Well, they don't need money as such, they need a form of money, which is circulated as credit, credit in terms of payment, for production.
And that's our biggest problem is the fact that they're vulnerable to this idea, that they need money per se, and money per se, except for when it's in a metallic or equivalent form, has no intrinsic value! And you have to think of what does have intrinsic value. And you have to think about what does have intrinsic value? Producing something that somebody can eat, wear, or so forth! That's credit, or the long term of building up an industry, a factory, an industry; it takes time for that investment to work its way off in terms of obligations.
But the fact that people don't see things that way, and since we're in a post-industrial society, a post-agricultural society, as well, where we're turning food into fuel, that that's what the problem is, that's the intellectual problem.
Tune in every day around the lunch hour-- or mid morning if you're on the west coast for this podcast. I'd like to remind you that the proceedings of the Schiller Institute conference in New York are available at newparadigm.schillerinstitute.com-- if you haven't already bookmarked that page, you can get to it from the main banner on the LaRouchePAC site.
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This is Dennis Mason. It is Tuesday February 12th 2013; We'll see you tomorrow.