February 21st, 2013 Podcast
February 21, 2013 • 2:27PM

Transcript:


It's Thursday February 21st 2013; My name is Dennis Mason. This is your daily podcast from LaRouchepac.com.

First, I'll mention that the new edition of Executive Intelligence Review has been published, and there's a release from the editor, Nancy Spannaus, which I'll go ahead and read. She says:

Dear Reader of EIR Online,

EIR Online No. 8, dated February 22, has been posted for subscribers.

The planetary nature of the threat of all mankind was brought starkly to our attention this week, with the meteorite hit on Russia, and the composition of this issue provides crucial guidance for how to deal with it.

In the feature, "The Rebirth of Our Nation," Lyndon LaRouche recalls the process leading up to his proposal for the Strategic Defense Initiative (SDI), which is of immediate relevance for dealing with the Defense of Earth today. ``Had we succeeded in the promising developments for SDI since the formation of the Fusion Energy Foundation (FEF),'' he writes, ``the world would not have entered the presently endless collapse of the physical economy of the trans-Atlantic sector of the world.'' LaRouche then addresses the question of the human mind, and its inherent potential for creative discovery, that must be applied without delay.

The following Science section addresses the heavenly events directly in two articles: "In Wake of Meteorite Hit, a Call for Defense of Earth," and "Feb. 15 Asteroid Flyby: A Warning to Us from the Solar System," a transcript of a 25-minute LaRouchePAC-TV video posted on Feb. 14, featuring Ben Deniston of the LaRouche science team.

To respond to the threats from the heavens, however, mankind has to deal with the threat coming from the current British-dominated monetarist breakdown crisis. Lyndon LaRouche identifies that threat in "LaRouche: Glass-Steagall Now, or the World Goes to Hell," the opening remarks to his regular Friday evening webcast on Feb. 15. That is followed by documentation on how "The Hyperinflation Is Unsustainable," using the Fed's own figures.

"Is the Global Financial System Becoming a Supernova Explosion?," by Helga Zepp-LaRouche, an update on "Glass-Steagall in the U.S. Congress," and a short report on the ongoing collapse of the "German economy" fill out the Economics section.

Our Physical Economy section is a blockbuster on the economic hell that faces us without Glass-Steagall. EIR agriculture specialist Marcia Merry Baker has produced a "Food & Agriculture Crisis Fact Sheet," which details the real food crisis, its causes, and the solution--and debunks the lies.

We provide three strategic updates in International. First, "Asteroid, Financial Blowout Redefine Strategic Threat," which identifies the escalations by the Empire toward war, especially in the Far East. Second, we report on former French Presidential candidate and longtime LaRouche associate Jacques Cheminade's appearance on a popular "French TV" show, where he went up against the government's phony bank reform by promoting Glass-Steagall. Third, we provide the transcript of a speech by Professor Norton Mezvinsky, the president of the International Council for Middle East Studies in Washington, on "The Destructive Effects of Religious Extremisms," especially in the Middle East.

The fight to remove Obama for cause is featured in our National Section, with an article "Obama Still on the Hook for Drone Killings, Benghazi," and a "book review" of Benghazi: The Definitive Report, by Brandon Webb and Jack Murphy, including its implications for Obama's fate.

The editorial is "Time for a Super-NASA."

Sincerely,

Nancy Spannaus

Editor

So, that's available, and I'll say that on the last point there, a 'Super-NASA'; in the opening of this week's Weekly Report, Ben Deniston details that we are totally unprepared to deal with the challenges posed by space, and it doesn't have to be that way. And it's not simply a matter of funding and direction, but method... the statistical method of forecasting fails, which Megan Beets then elaborates, with the example of Kepler, who did, after all, discover gravitation in the first place.

So that's posted on the site, and I'll add that there's no way we'll be able to guarantee funding for any sort of real attempt to address the challenge without Glass-Steagall. It's just not possible. One of the original excuses for the bail-out, was that, since there was a liquidity crisis-- interbank lending had frozen over-- we needed to add liquidity and then that would allow the banks the leeway to lend out again. Well, this has never happened and it never will, and even still, the spigots are wide open, and they're finding new ones.

The Head of the Bank of Japan, Yoshihisa Morimoto announced yesterday that Japan will undergo "unprecedented" and "very large-scale" monetary easing this year, to the tune of over 50 trillion yen-- that's about $550 Billion dollars-- in funding for its asset-purchase and loan-support programs over the next year.

Will it help? Of course not. We've had years and years of bail-out. This has consequences.

According to the U.S. Census Bureau, one in two Americans is either in poverty, or low income status. Every other person in the United States is poor-- think about that for a second. It's estimated that almost 9 million American adults work full-time at minimum wage. That's less than $280 per week before taxes. According to the National Low Income Housing Coalition, there is not a single congressional district in the United States where a full-time minimum-wage worker can afford fair-market rent for a two bedroom apartment. Look at the food stamps: the average benefit is about $134 per month-- it works out to around a buck fifty per person per meal. The national average for a gallon of milk is $3.50. A pound of stew beef is $4.30. Every other person in the United States is poor, and we have the distinction of having the highest poverty rate among the elderly of any industrialized nation larger than Ireland, with a doubling from 2005 to 2009 of the percent of Americans aged 75-84 who entered poverty, who had never known it their entire lives.

The nations crisis is catching up to us, and we've got to act. We have to lean on the Congress hard-- on their own they're not going to do anything. They're not going to just see how bad it is, and then act; we have to continue to drive them to action. As we've said here on the LaRouche PAC site, if you organize letters to your congressional delegation, memorials and resolutions from your local governments, city, state, county, what-have-you, we will hand deliver them to the delegation in D.C.; we've already done this from your activities in 7 states so far, and we've got to keep piling it on. If you have something to get to D.C., go ahead and send it in to [email protected] I can say additionally that we do have activity going in several state houses, with the latest being joint resolution 3 in Maryland, so if you're in Maryland, get ahold of your state rep, and tell 'em to get that thing through. Every one of these things is key for the national effect, whether it come from the city, county, or state level. We have to beat the congress in their collective head with the will of the people, and drive them to action.



Tune in every day around the lunch hour-- or mid morning if you're on the west coast for this podcast. Make sure to keep up with the website, we've got a lot of work going on throughout the week-- Join the LaRouche Political Action Committee and fight with us. We have to get Glass-Steagall through, before hyperinflation hits in full force-- we can do that, but we've got to fight like hell. Get involved! You can sign up and contribute through the website, or call into our national center at 1.800.929.7566

This is Dennis Mason. It is Thursday February 21st; We'll see you tomorrow.