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Friend –
There can be no real economic recovery in the United States as long
as the private Federal Reserve system continues to function as an open
spigot to bail out trillions upon trillions of dollars of worthless
speculative paper. Since the 2007 crash, Federal Reserve policy has
not only supported a decade of economic stagnation and runaway
inflation but, since late-2019, has also supported the U.S. Treasury
in the greatest flood of debt, deficit and general government subsidy
in the history of any nation.
Congress and the President must now act together to end this
insanity. The Federal Reserve Bank should be nationalized and given a
new, radically different charter, mandating it to cease functioning as
a reserve bank for big banks, and, instead, become a credit
institution for the nation’s capital budget which would stimulate
capital goods exports for economic development.
This week's symposium features Executive Intelligence
Review economics experts Paul Gallagher and Richard Freeman who
will lay out precisely how this can be done, and how an actual
economic renaissance can be created in the United States.
Diane Sare
President, The LaRouche Organization
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