Many people have told me there is no hope and no solution to the continuing worldwide financial and economic collapse. They say the financial interests are now so powerful they can never be challenged. I say they are wrong!
Attached below is an important document concerning the upcoming April 28th fiscal summit in Washington D.C. This document contains the knowledge necessary to transform the dynamic of the summit. Study this document and learn what is necessary to inoculate yourself from the lies being told by our traditional financial enemies. Circulate this document and do whatever you can to defend our nation.
Fiscal Summit Inoculation
On Wednesday, April 28th, the British System’s Peter G. Peterson Foundation will convene a highly publicized fiscal summit to discuss our nation’s financial crisis. This summit will be used to blame governments for the financial crisis and justify the plan for severely cutting budgets, radically increasing taxes, and sacrificing living standards to insure the survival of the bankrupt international financial system.
The intent of the organizers of this summit is to reject a 1944-style Bretton Woods international bankruptcy reorganization based on building new technology and infrastructure projects around the world. Their goal is to prevent a Glass-Steagall bankruptcy reorganization of the United States Federal Reserve to ensure a continuation of massive subsidies for worldwide derivatives securities.
The strategy of this summit is to hit the unsuspecting public with a several pronged attack.
First, they will bring in financial economists to justify dramatically cutting budgets by only discussing fiscal policy outside the context of bankruptcy re- organization. Then they will bring in corporate economists to justify the loss of pensions, health care, Medicare, and Social Security. Wall Street economists will then lie and claim the sub-prime market caused the financial collapse because of lending to unqualified homebuyers.
Next, the summit organizers will use behavioral economists to make populations think it is in their best interest to lower their standard of living. The final attack will be to use environmental economists to ensure that no reform will be based on investments into infrastructure and industry because of global warming and a lack of global resources.
The organizers of this summit are very predictable because they are trapped in a financial system that is self-destructive and out-of-control. The current structure of international finance requires massive infusions of cash from governments and private economies worldwide to keep the quadrillion-dollar derivatives gambling market functioning.
I have a better idea; let’s start throwing these guys in prison for some of their criminal frauds like not reporting their off-balance-sheet liabilities. No amount of budget cutting or hyper-inflating of currencies can ever pay off the international gambling debt that is now collapsing the world economy by rapidly constricting credit for physical production.
The Peter G. Peterson Foundation’s recommendation for budget cutting austerity without a bankruptcy reorganization and without a new credit mechanism for physical production will directly cause the starvation death of large sections of the human population because modern agriculture requires credit for planting crops. Moreover, rationing health care will lead directly to the death of the most vulnerable human beings.
A bankruptcy reorganization to extract derivatives from our financial system is re- quired not only to rebuild our employment and tax revenue base, but more important, not reforming the financial system will end up being a crime against humanity.
The United States has the power to stop this summit from becoming a banker’s dictatorship. The level of criminality in the world’s financial system has reached a point where governments worldwide must begin aggressively prosecuting in the financial services industry. The financiers who escape conviction will be motivated to participate in a new financial system.
My hope for the summit is that at least one American System economist or politician will stand up and expose the criminal agenda of the Peter G. Peterson Foundation.
Bailing out the derivatives market is economic suicide. Only a new Bretton Woods Conference and a Glass-Steagall bankruptcy reorganization of our Federal Reserve can cause a physical recovery based on new technology and infrastructure.
I continue to urge the reading of my Facebook wall to the beginning to learn what Alaskans can do to participate in an international financial reform.
Reform the Federal Reserve
The criminal acts of Federal Reserve members are now so clearly identifiable it should be an embarrassment to Alaska’s attorney general. Now is the time to aggressively prosecute the criminals in our financial services industry who are gambling the entire world into poverty.
Our Federal Reserve should be helping to finance infrastructure, agriculture, and industry not hyper-inflating our currency to bail out the self-destructive derivatives market. We must finally realize our failure to prosecute the criminals and invest in new productive capacity can only mean a collapse into a decades-long world depression.
It is now absolutely necessary to have an economic recovery based on building infrastructure and investing in high energy- flux-density industrial technology. This recovery can occur only if our Federal Reserve System is forced into a Chapter 11-style bankruptcy reorganization at the same time we have a 1944-style Bretton Woods international financial reform.
The Historical Dynamic of Financial Reform
In 1790–1791 Alexander Hamilton founded the American System of political economy by writing his Reports to Congress on the subjects of a National Bank, Public Credit and Manufactures. From this point forward all competent political economic debate has been based on describing the battle between the American System and the teachings of the British East India Company.
For the past 220 years there has been a never-ending battle between these two irreconcilable systems. The American System is based on protecting the interests of democratic republics and the British System is based on protecting the interests of the old empire system of imperialist financial oligarchy.
Alexander Hamilton challenged the Old-World financial oligarchy and created a new system that would create low-interest credit for the physical requirements of human populations. Hamilton understood that the survival of our democratic republic required a national bank that worked together with a for-profit commercial banking system to create credit for internal improvements (infrastructure), agriculture, and manufacturing.
Alexander Hamilton’s Reports to Congress were a rejection of the policies and ideas of the British East India Company. The Haileybury Training College, which trained the employees of the British East India Company, taught all kinds of crazy non-scientific ideas to justify the policies of parasitical looting and never-ending warfare. The tragedy is that these East India Company policies and ideas continue to infect our educational and political systems to this very day.
Today we are faced with a collapse in employment and a collapse of the tax revenue base of our federal, state, and municipal governments because we have failed to reject the teachings of British East India Company.
Every category of infrastructure in our nation is now either beyond its design life, near the end of its design life, or beyond its capacity due to population pressures.
Our bridges, dams, highways, railroads, power production and distribution, industries, water management, agricultural structures, hospitals, and schools have all been in decline since the 1970s. And now the housing and computer/telecom bubbles have burst and the world’s financial system is about to provide us with our next dose of reality.
The British System is now demanding that all nation states dramatically lower their standard of living, severely cut budgets, and radically increase taxes to ensure the survival of the international financial system that is dominated by out-of-control self-destructive derivatives securities.
Wrong! We are the United States of America! We will lead an international bankruptcy reorganization similar to the Bretton Woods Conference in 1944.
We must accept the fact that we have wrecked our own nation because we failed to heed the warnings (teachings) of Alexander Hamilton. There must be a Chapter-11 style bankruptcy reorganization of our Federal Reserve System to expunge the derivatives securities using a Glass-Steagall standard because we are citizens of the United States, and we refuse to live in poverty for the rest of our lives.
Our nation requires a new discount window at our reorganized Federal Reserve that effectively acts as a Hamiltonian National Bank that promotes a science and technology infrastructure lead recovery. State, municipal, and local governments must now stand up and identify those projects they see as a priority with an emphasis on projects that increase overall physical productivity.
The solution to every economic financial collapse in the history of the United States has required a rejection of the British East India Company’s teachings and a return to Alexander Hamilton’s American System. The question today is whether our nation will once again learn this lesson.
Alaska’s Role in Financial Reform
What will be Alaska’s contribution to challenging the world’s collapsing monetary system through science and infrastructure goal setting?
Alaska has a long list of exciting projects but only one that connects us to some of the common aims of mankind. In Europe this project is known as the European Land Bridge, in Russia the Bering Strait Project, and in Alaska the Road to Nome or the Railroad Around the World.
The Railroad Around the World proposal is based on building an integrated network of high-speed trains, highways, waterways, energy production and distribution, and computer communication systems as arteries in a central development corridor.
This is not a colonialist proposal for resource extraction but a nationalist instrument for developing populations.
My hope is that Alaskans will recognize the long-term strategic necessity for participating in building the Railroad Around the World through Alaska. We may not complete this project in our lifetime but having this goal on our agenda will help create the political alliances necessary to support our friends around the world who are fighting for the survival of the nation-state system of democratic republics.
Support by the United States for the Railroad Around the World and other major infrastructure projects is an inspiration to nations who see us as the potential leader of an international financial reform.
Setting goals for real physical investments challenge our financial system to create low- interest credit for the real physical requirements of human populations.
More important, our goal setting helps inspire leadership around the world to step forward to actively participate as allies of the United States.
The Russian offer to help build an Alaskan Bering Strait tunnel as one section of the Railroad Around the World is, in actuality, part of an offer of new treaty agreements that create a new financial architecture.
Identifying great infrastructure projects so large that funding can only originate from a new financial system is a strategic feature of what is known as the Great Projects approach to development.
My hope is that Alaskans will keep the Road to Nome–Railroad Around the World actively on our Great Projects agenda. More important, Alaskans must take the Russian offer one step further by creating a science-driven point of entry into this new relationship.
A plasma physics prototype institute must be established at the University of Alaska Anchorage in combination with the Russian Academy of Sciences and the U.S. Department of Energy.
This prototype institute will take our mining and oil industries into their next phases of production and can be used to pilot the creation of capital goods industries in Alaska.
Our creation of this science and technology institute will be an important feature of Alaska’s goal setting participation in a new financial architecture and will be a signal to the world community that Alaska supports a worldwide science and infrastructure led recovery based on Great Projects.
My Facebook wall contains an outline to a programmatic approach to Alaska’s participation in this process, read it to the beginning and do that which is necessary for the survival our nation.
Charles Duncan
