LibertyArchives3's video: FDR and the New Deal

A New Deal type approach to fixing today's economic problems would go something like this: 1. THE IDEA must always be to create a global recovery and, more than that, lasting economic development. It’s not acceptable that, in the 21st century, there is still something as a “Third World” (with billions of human beings doomed to the lives of the damned), and that even the so-called Developed World is so underdeveloped that it can be pushed to the point where it nears an economic collapse, by something like a pandemic. 2. GOVERNMENT ISSUANCE OF PUBLIC CREDIT, with the government funding its operations and the recovery and development of the economy by means of the issuance and monetization of public credit. As Lincoln stated, government is endowed with that power, so why should it borrow at interest from private financial houses (or, indeed, privatized central banks)? 3. STIMULUS PACKAGES TO KEEP THE ECONOMY AFLOAT whenever necessary, and by the use of issued public credit, with aid to families and the productive sectors of the economy (services, businesses, industries, corporations, etc.) 4. MASS ECONOMIC MOBILIZATION. The use of the power to issue public credit to create mass economic mobilization and, in such a way, stimulate and expand economic activity and employment, and lay the groundwork for lasting development. This is done through the issuance of credit for the purposes of: → THE CONSTRUCTION OF ECONOMICALLY USEFUL PUBLIC INFRASTRUCTURE, such as transport networks and hubs, energy and telecommunications infrastructure, health services, irrigation and soil recovery projects. Needed infrastructure is built, while degraded structures are rebuilt. Great infrastructural projects of this sort hire myriads of private companies, generate income for myriads more, create vast numbers of jobs and mass employment and, what's more, they pay for themselves, since you're building useful and lasting infrastructure, that will help the economy grow, expand and develop. → LOANS TO PRODUCTION AND PRIVATE ECONOMIC ACTIVITY. The issuance of low interest public loans to companies, industries and corporations who are interested in industrial and technological production, and to companies, entrepreneurs, families and startups who want to create businesses, farms, manufactures, R&D projects, etc. → INDISPENSABLE SOCIAL ASSISTANCE TO THE IMPOVERISHED 5. FINANCIAL REFORM, with a gradually implemented return to the regulatory framework of the New Deal, and a regulatory solution to the quadrillion-dollar bubble of toxic debt now crushing the world economy. Financial markets are meant to be the spaces wherein the financial transactions of a productive economy occur, as opposed to casinos from where that economy can be liquidated and used as collateral for speculative gambling. 6. THE PROTECTION OF TREASURY BONDS, if not by regulatory means, then by informal means. It's impossible to return any kind of vigor to economies when Treasury IOUs can be arbitrarily downgraded-to-junk by means of shorting raids. The purpose must always be to (re)industrialize and modernize economies, so as to transform them into highly productive, decentralized economies that will allow for the continuous improvement of the standard of living and, thus, for the generalization of the middle classes. Only then will lasting prosperity be ensured. It must be understood that, in the real world we live in, THIS IS WHAT WORKS. And that's exactly what was proven by Franklin Roosevelt's New Deal, which gave you the end of the Great Depression, victory in World War II, the reconstruction of Europe and Japan after that, and the rise of the modern middle class society. THIS is progress and development. --- This video is a clip from Larouche PAC's amazing documentary film “1932 – A True History of the United States”. Watch the film and subscribe to them! at https://www.youtube.com/LaRouchePAC FAIR USE NOTICE: This video contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of issues of humanitarian and environmental significance. We believe this constitutes a 'fair use' of any such copyrighted material under section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material in this video is distributed without profit for educational, news reporting and research purposes. For more information go to: https://www.law.cornell.edu/uscode/text/17. lf you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.