The British in their infinite wisdom miscalculated - SI

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The Year of LaRouche: ‘The British, in Their Infinite Wisdom, Miscalculated’ The Schiller Institute LaRouche Organization Executive Intelligence Report January 11, 2022 (EIRNS)—In recognition of the January 11 birthday of Alexander Hamilton, the inventor of the American System of economics—not “capitalism,” which the Founding Fathers never called it, but the national system of credit, banking and Constitutional law documented in Hamilton’s four Reports, written as the first Secretary of the Treasury, and implemented in the Washington-Hamilton Presidency’s revolution in selfgovernment through economic development—and in celebration of the American System’s challenge to the British East India Company, through the creation of such institutions as the Paterson, New Jersey, Society for Useful Manufactures in implementation of those policies—we present Lyndon LaRouche’s 2013 remarks on the principle of Glass-Steagall, the June 1933 legislative action deployed by Franklin Roosevelt to clean up Wall Street, and to put people first. [video: 2013 Interview with Sare for Governor] Lyndon LaRouche: OK, what I’ve been pushing, of course, is this program around Glass-Steagall, but pushing it from what I do every Friday night, where I have a regular internet television program internationally, and this is covered. But we’re at the point where we have to immediately install Glass-Steagall. Now, what does that mean? Glass-Steagall was the foundation of the formation of the United States. What we call Glass-Steagall, which was established at that time: Now, that has been destroyed a number of times, that concept, which was set up by the chief organizer of the whole American System, Alexander Hamilton. And his design is the design on which the United States Constitution was premised for action. We have since been destroying that, or ripping it up, again and again, as was done recently, in the terrible years just preceding now; and so, the question is Glass-Steagall now. Now, what that means is, that if we in the United States act with our powers, as citizens of the United States, to ensure that Glass-Steagall is installed in the United States now, 1


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