Alex Jones Show - 20080910_Wed_Alex

00:00:00.000 It's a political talk.

00:00:01.000 Alex Jones Radio Network.

00:00:03.000 Okay, folks, we are transmitting live on the AM and FM dial, satellite, global shortwave, WWCR, the Internet at Infowars.com and PrisonPlanet.com, the Internet at Infowars.com and PrisonPlanet.com, and streaming live video over PrisonPlanet.tv.

00:00:25.000 You've seen him in some of my films, camera guy, webmaster, writer.

00:00:30.000 Jack of all trades, really great guy.

00:00:33.000 Short notice here, Iranian television, Press TV, their international service, has myself on and London Guardian reporter today.

00:00:44.000 So that's coming up at about 3.07 central for those that can...

00:00:51.000 For those that are out there and want to record that and put it up on YouTube.

00:00:56.000 So Aaron Dykes is going to be sitting in, coming up a little bit later in the show with Richard C. Cook.

00:01:04.000 He's written for the Washington Post, other major publications, been a consultant for NASA, been a White House analyst, historian, and we really enjoy having him on.

00:01:12.000 I wanted to briefly tell you why Keith Olbermann was kicked off.

00:01:15.000 It was because of statements Like the one we're about to play that's about a minute long.

00:01:19.000 If you want to watch the full video, there's like an 8 minute video saying basically Iran attacked us on 9-11, the terrorists thought they'd win, that we're going to get Al Qaeda and Iran, and basically it's like this warmongering propaganda.

00:01:36.000 that is so ham-fisted, it sounds like something out of The Running Man or some dystopic 1984 novel or movie.

00:01:46.000 And then Tom Brokaw is talking about how great, you know, the attack on Al-Qaeda is and how the endless wars were going to win the fight against Al-Qaeda.

00:01:53.000 And they cut to Oberman and he says this.

00:01:58.000 Tom, Chuck, great thanks.

00:01:59.000 Tom Brokaw and Chuck Todd.

00:02:01.000 We'll be back with you later on in the broadcast.

00:02:05.000 I'm sorry, it's necessary to say this, and I wanted to separate myself from the others on the air about this.

00:02:10.000 If at this late date any television network had of its own accord showed that much videotape and that much graphic videotape of 9-11, and I speak as somebody who lost a few friends there, it, we, would be rightly eviscerated at all quarters, perhaps by the Republican Party itself, for exploiting the memories of the dead, and perhaps even for trying to evoke that pain again.

00:02:35.000 If you reacted to that videotape the way I did, I apologize.

00:02:40.000 It is a subject of great pain for many of us still, and was probably not appropriate to be shown.

00:02:46.000 We'll continue in a moment.

00:02:49.000 And you can go watch the video that was inappropriate.

00:02:51.000 They played scary music under it, and it kept showing Iranians and Iranian flags, and basically saying they did 9-11.

00:02:59.000 Just incredible propaganda.

00:03:01.000 Now, This is up on InfoWars.net and I want to ask Richard C. Cook about this first before we get into Freddie Mac and Fannie Mae and Fannie Mae Freddie Mac.

00:03:10.000 Before we do that...

00:03:11.000 But now, Ralph Nader's come out, he has a huge following, that's what's important, and said that 9-11 could be an inside job, there should be an official investigation, he said that in a press conference.

00:03:23.000 So things are getting big here.

00:03:25.000 The 9-11 truth movement is just exploding.

00:03:28.000 A, what do you think this means to the New World Order crew?

00:03:30.000 And B, extrapolating out, how do you see this developing in the future, Richard C. Cook?

00:03:39.000 Well, I think it's really interesting and a very, very good thing to see Ralph Nader finally talking about real issues.

00:03:48.000 You know, he's been going on about the same things he's been talking about for years with this latest presidential bid, corporate corruption, and all the stuff we know all about.

00:03:57.000 But now, if he's coming out for 9-11 Truth, I also saw that there was a press conference It was either today or yesterday at the National Press Club in Washington, where Ron Paul, Cynthia McKinney, Ralph Nader, and one or two other people were coming out for a full-scale investigation of the Federal Reserve.

00:04:20.000 So here again, Ralph Nader, I know people who worked with him, has been very reluctant to take on the real big ones, and the Federal Reserve is a big one.

00:04:31.000 Clearly 9-11 is a big one.

00:04:33.000 So I think this really points to some very important progress being made in our country, and in addition, there is an interview published today on Global Research, where a good friend of mine, Mike Whitney, who's a writer out of Washington State, has an interview there with Dr. Michael Hudson, who's talking about a new political party that will kind of consolidate all of the fragmented third parties in this country and try to put together

00:05:03.000 A real movement to begin to address the real issues and taking our country back.

00:05:08.000 Yeah, you notice that Bob Barr... It's gotta happen.

00:05:10.000 Exactly, that was this morning.

00:05:12.000 You notice Bob Barr snubbed that meeting.

00:05:14.000 And I have to say, we've had him on the show before, but I don't really trust Bob Barr.

00:05:19.000 Well, I think the Libertarians, to my mind, are playing a little bit of a role like Ross Perot played back in 92.

00:05:27.000 Kind of a teaser, you know, to pull away attention from what's going on.

00:05:32.000 I know I had a lot of respect for Perot, and I hoped that he would have followed through and done what he had set out to do, but he didn't.

00:05:40.000 The same thing happened with Barr.

00:05:42.000 Yeah, well they did threaten to kill his family, so that's why he backed off.

00:05:46.000 And then that was almost a non-event after they threatened to go after Ross Perot's daughter and wife.

00:05:51.000 He just came out and said, yeah, they threatened to kill my family.

00:05:54.000 And the news said, oh, whatever. 1.00

00:05:55.000 He's just crazy. 0.82

00:05:57.000 And Rush Limbaugh played, you know, they're coming to take me away. 0.96

00:06:00.000 Ha, ha, ho, hee, hee, hee.

00:06:02.000 It's like JFK.

00:06:03.000 So it's to the funny farm, you know, that Rush Limbaugh song.

00:06:07.000 Well, I think right now enough people are starting to come together that maybe we will see a real political movement coming out of all of this.

00:06:15.000 Well, there's no doubt that Congress has a 9% approval rating.

00:06:20.000 The system can't shell its lies anymore, and it is that crisis of confidence.

00:06:25.000 I mean, they can have their spooks on radio, TV, and the web say, 9-11 truth's dead.

00:06:31.000 That's like saying iPods are dead.

00:06:33.000 You know, when they're at their absolute hottest.

00:06:35.000 That's like saying electricity is dead when there's more electricity being generated than ever.

00:06:40.000 It's like saying the sun is dead.

00:06:42.000 I mean, but it works on some people.

00:06:44.000 Oh, I guess our movement's over.

00:06:47.000 It is only getting bigger and skepticism is only increasing exponentially.

00:06:53.000 What do you see the establishment doing to try to counter that?

00:06:56.000 Just more iron-fisted tactics?

00:06:59.000 Well, right now, let me just mention, I have a new analysis coming out on the 08 election.

00:07:08.000 It's called Election 08, Crime, Family, Food Fight, or Threat to Mankind.

00:07:16.000 This is out, will be out in a few days.

00:07:19.000 It's a special report that I'm putting out in cooperation with my partner Susan Boskey.

00:07:26.000 If I could, Alex, let me give you the way people can contact us for this.

00:07:30.000 It's an email address.

00:07:32.000 It's the one we've used before on your show, economicsanity at gmail dot org.

00:07:39.000 And it looks to me as though they're staging this almost tragic comedy of the 08 election between two parties who really Or the ones who've controlled public opinion for so long, but there's a divergence, I think, between the traditional establishment elite, which has come out of the banking systems for so long, which is trying to keep things afloat.

00:08:07.000 It's the soft landing that we've heard about.

00:08:10.000 This whole Fannie Mae, Freddie Mac thing is to try a soft landing where we just kind of Slide into a very long-term economic decline, recession, depression.

00:08:24.000 Kind of the way we've gone with a little bit of tinkering around the edges that the Democrats want to do to prop up what is left of the welfare state without really ever changing anything.

00:08:34.000 Just kind of a decline and fading away of the United States of our democracy and all that goes with it.

00:08:43.000 Versus these really radical neocons who have captured the Republican Party and are running their candidate John McCain and now Sarah Palin is kind of a front person for all of this who seem to want to take us into a world war against Russia.

00:09:02.000 That's our choice as I see it and I go into detail on this in this special report that I'm just getting ready to release.

00:09:11.000 Folks can also visit your website, give that out.

00:09:13.000 Yeah, the website is www Now, that's why I wanted to get you on later in the second part when Aaron's here with you, Mr. Cook.

00:09:21.000 that, the special report is coming out, and it's available by writing to economicsanity at gmail.com.

00:09:28.000 Now, that's why I wanted to get you on later in the second part when Aaron's here with you, Mr. Cook.

00:09:34.000 But right now, I want to get into the two big mortgage giants, because I had Dr. Roberts on and some others yesterday, and they were getting into the fact that this could make the entire Treasury insolvent taking on trillions and trillions of dollars.

00:09:52.000 And we're talking about hundreds of trillions with what Fannie Mae and Freddie Mac have actually leveraged, bundling these debts and then selling them as securities and then using fractional reserve banking to loan them out ten times ten times ten.

00:10:05.000 And Dr. Roberts agreed that it's in the hundreds of trillions we're talking about, total exposure, and that this black hole is so big I mean, he was saying his prognosis is even worse than it had been, but then if they wouldn't have done what they did, it would have caused insolvency in U.S.

00:10:25.000 Treasury notes and bonds, because the U.S.

00:10:28.000 Treasury had already guaranteed Fannie Mae and Freddie Mac previously.

00:10:33.000 So, your take on that?

00:10:35.000 Well, this is certainly true, but I try to look at it a little bit differently from that,

00:10:43.000 You know, when you read the financial news now, you are reading commentators who are, you know, with all due respect, they're good commentators, good analysts, but it doesn't give me a whole lot of heartburn to think that this latest huge scam is going to take down the already existing scams, you know, of Treasury debt, of $10 trillion national debt, of You know, hundreds of trillion dollars in derivatives.

00:11:11.000 It doesn't bother me that the viability of all of these other disasters may be threatened by this latest disaster.

00:11:21.000 I mean, suppose the whole financial system just collapses.

00:11:27.000 You go into bankruptcy reorganization, you rebuild it, but that's not the real problem.

00:11:32.000 If I could, I'd like to point out... Yes, stay there.

00:11:34.000 I want to talk about what the real problem is with Richard C. Cook, our guest, top analyst, economist dealing with this.

00:11:42.000 We're going to skip this break for InfoWars.com audio listeners and PrisonPlanet.tv viewers.

00:11:47.000 People keep saying, well, how do I listen then?

00:11:49.000 You go to InfoWars.com and you click on those streams.

00:11:52.000 Those are special streams.

00:11:54.000 All right, we'll be right back.

00:11:57.000 Okay, continue.

00:11:57.000 I don't want to waste any time with you.

00:11:58.000 Go ahead.

00:11:59.000 Okay.

00:12:00.000 We've got a financial system that's built on debt.

00:12:06.000 The financial system is just pieces of paper that represent promises that somebody's making to pay, and we've got trillions of these pieces of paper.

00:12:15.000 We've got debt upon debt upon debt, a gigantic pyramid of debt that's now falling down.

00:12:21.000 But on the other hand, we have a producing economy Or people make real things.

00:12:28.000 ExxonMobil produces gasoline, Microsoft produces computers, General Motors produces cars, and so on and so forth.

00:12:35.000 The producing economy is where the real wealth of the nation should come from.

00:12:42.000 But let me stop you.

00:12:43.000 Instead of this fiat currency and fiat liquidity that gives the bankers kingship, and I'm going to let you get to your economic solution point here, but I just want to add the caveat, they're not accidentally letting this Ponzi scheme get out of control.

00:12:56.000 They want to fully take over and bankrupt the real physical economy So we may fuss and fume about how it's threatening the Treasury securities and all that.

00:13:06.000 You're right.

00:13:06.000 They don't care.

00:13:07.000 to get the scraps of the real economy they don't already control.

00:13:11.000 Well, yes, and that's exactly what this bankruptcy is doing.

00:13:19.000 So we may fuss and fume about how it's threatening the Treasury securities and all that.

00:13:25.000 You're right.

00:13:26.000 They don't care.

00:13:26.000 Now, the problem is, for the last decade at least, and it goes back further, but particularly in the last decade, the United States economy has been built on the foundation of housing debt as its financial engine.

00:13:45.000 Now, the reason they've done that is that decades ago, the international financial elite that runs the Western world decided That the United States would no longer be allowed to maintain its status as the world's great industrial democracy.

00:14:06.000 And they publicly stated that.

00:14:07.000 Let me stop you. 0.95

00:14:08.000 Let me stop you again and just back you up.

00:14:09.000 That's been stated over and over again.

00:14:11.000 We're too greedy.

00:14:12.000 We've got too much.

00:14:13.000 We've got to have the center of power taken from us and brought into this global corporate structure.

00:14:18.000 Go ahead.

00:14:19.000 Well, that's been kind of the cover story.

00:14:22.000 But the problem was that the United States As an industrial democracy, based upon the principles in the Declaration of Independence and the United States Constitution, had built a system where people were free, where people had opportunity, where people could fulfill themselves.

00:14:42.000 This was contrary to the concept of the one-world collectivist Empire that the financiers have been planning for decades.

00:14:52.000 And the imperialists actually back in the 1780s said this American system's horrible and it'll be the ruination of all of us if we don't end it as well.

00:15:00.000 That's right and that was said again during the Civil War by the London financiers because Lincoln financed the Civil War with greenbacks and war bonds sold to the population The London Times printed an editorial saying if the United States was not stopped, it would become the most powerful nation on earth, and it would undermine all the monarchies of the world.

00:15:26.000 And so they've been trying to take down our system ever since, and now this is the final phase of that.

00:15:31.000 It's the final phase of a very old plan to create a collectivist, one-world, socialist, communist state That they began to do when they financed the Bolshevik Revolution. 0.62

00:15:44.000 Let me stop you there.

00:15:46.000 Let me stop you there.

00:15:47.000 I want you to go back 30 seconds, and you're going to have 5 minutes, and when we come back it'll be Aaron here alone with you.

00:15:53.000 I'm going to give you the floor.

00:15:54.000 When we come back right now, explain, go back to that editorial in the London paper, and start over right now.

00:16:00.000 Here we go.

00:16:05.000 All right, Richard C. Cook, economist, analyst, written for major publications like the Washington Post, historian.

00:16:13.000 You've got the floor for the next five minutes, and I'm going to leave.

00:16:15.000 Aaron's going to come in here.

00:16:17.000 Break down who's behind it, what the master plan is, the economic system, what they're setting up, why they want to bring down the U.S., how they've puffed us up with this imperial attitude, given us this domestic haughty propaganda about how we're the boss, how they're setting us up to pull the carpet out from under us, how the war has been how they're setting us up to pull the carpet out from under us, how the You were talking about that during the last segment.

00:16:40.000 Please wrap it up for us.

00:16:42.000 Well, as I was saying, decades ago, the international financial elite that runs the Western world decided that the U.S.

00:16:52.000 would no longer be allowed to maintain its status as the world's greatest industrial democracy.

00:16:58.000 This goes all the way back to the Civil War and even before when the nation was founded.

00:17:04.000 But we have been under attack ever since then, and what we're seeing today through the de-industrialization of the United States We're the only way to float the U.S.

00:17:15.000 economy has been through debt, through bubbles, and the latest and the last one really being a housing bubble.

00:17:22.000 This has all been part of that process of taking down the United States as the world's greatest industrial democracy.

00:17:30.000 Now, to prepare the mind of people, there have been non-profit groups that have been working for decades to give us an educational system where everybody is dumbed down And everybody is fed the kind of collectivist propaganda that is contrary to the principles that were used when this country was founded.

00:17:49.000 You've got foundations like the Carnegie Institute, the Rockefeller Foundation, the Ford Foundation, the Guggenheim Foundation.

00:17:57.000 Because what they were planning to do was to create an environment of perpetual warfare where the only way people would accept a constant atmosphere of state terrorism as normal Was by having an enemy to frighten people into voluntarily giving up their rights and accepting the legitimacy of a slave society.

00:18:20.000 And a key to this slavery was a financial system based upon debt.

00:18:25.000 Because it was the financiers who were the architects and the expected beneficiaries of the planned system.

00:18:32.000 And it's the same people who created the Federal Reserve System in 1913.

00:18:37.000 Now, the 1970s was the critical decade in all this, because it was then that the financial elite, working through the OPEC nations as their instruments of change, wildly inflated the worldwide price of oil, and it drove the U.S.

00:18:53.000 economy into stagflation.

00:18:56.000 And to combat that, the financial elite, working through the Federal Reserve and its chairman, Paul Volcker, Raised interest rates through the roof, and this caused the economy to crash in the recession of 1979 to 1983.

00:19:13.000 Since then, our economy has run solely on financial bubbles.

00:19:17.000 We had the merger-acquisition bubble of the 80s.

00:19:21.000 We had the dot-com bubble of the 90s.

00:19:22.000 And then when that collapsed, we had Alan Greenspan's housing bubble of the 2000s.

00:19:29.000 The purpose of the housing bubble Was to allow George W. Bush to fight his wars of conquest in the Middle East.

00:19:38.000 The bubble resulted in a tremendous inflation of housing and real estate prices that is unraveling today.

00:19:46.000 But even though housing is still coming down, it's still so overpriced that many people who once could afford to buy a home no longer can do that.

00:19:57.000 And can't even get credit because financial institutions have been so reluctant lately to lend.

00:20:04.000 It's this housing inflation that has powered the U.S.

00:20:07.000 economy for the last decade.

00:20:10.000 The bailouts and the takeover of Fannie Mae and Freddie Mac are simply to keep the economy afloat until the next election.

00:20:19.000 That's what the whole thing, in my mind, is all about.

00:20:22.000 Unfortunately, there are no further bubbles waiting in the wings because When the American people gave up their homes to debt, they gave up the last real asset they owned of value because they don't save anything anymore.

00:20:35.000 The savings is gone, and even the savings that's gone into 401ks for retirement is now being sold off because people need that money to live.

00:20:44.000 The takeover of Fannie Mae and Freddie Mae is simply a stopgap.

00:20:48.000 The problem is not that it's devaluing the rest of the government's debt.

00:20:53.000 Of course, that may happen.

00:20:55.000 But the problem is that after the housing bubble, there are no more bubbles left because there's nothing left of value that we own that we can sell or mortgage to get money to live on.

00:21:09.000 That's the real problem as I see it.

00:21:11.000 Yeah, this is Aaron filling in for Alex Jones.

00:21:14.000 And that's what I was going to add is that the U.S.

00:21:17.000 public is so disconnected from reality, I don't think they have any idea what's going on.

00:21:22.000 We'll talk about that on the other side of the break in just a few moments.

00:21:26.000 This is the Alex Jones Show with Richard C. Cook.

00:21:29.000 Baby, baby, baby, I'm gonna leave you alone.

00:21:41.000 We're on the march.

00:21:48.000 The empire's on the run.

00:21:50.000 Alex Jones and the GCN Radio Network.

00:21:54.000 A day unlike any other in the long course of American history, a terrorist act of war against this country.

00:22:03.000 The enemy struck America on September 11th.

00:22:06.000 But who is the enemy?

00:22:08.000 Bin Laden.

00:22:09.000 This is his ammo.

00:22:10.000 We have to look to the Middle East.

00:22:11.000 We have to look to Osama Bin Laden. 0.93

00:22:13.000 Fabled Enemies is the first 9-11 film to take a close look at the terrorist ties to intelligence networks inside the United States.

00:22:20.000 Some U.S.

00:22:21.000 investigators believe that there are Israelis again very much engaged in spying in and on the U.S.

00:22:27.000 I'm aware that some Israeli citizens have been detained.

00:22:31.000 Bin Laden's connections to the CIA, the hijacker's ties to the FBI, the Saudi Arabian connection, the Israeli intelligence network, warnings and war games, the shadow government, and much, much more.

00:22:41.000 Fabled enemies.

00:22:42.000 Get the DVD at InfoWars.com or see it in super high quality along with hundreds of other titles at PrisonPlanet.tv.

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00:25:06.000 This is Aaron Dykes, head for Alex Jones.

00:25:09.000 And we are here with Richard C. Cook, talking about the downfall of the entire economy.

00:25:14.000 And, uh, Mr. Cook, the public doesn't even understand that there are elites.

00:25:19.000 It has no idea what's really going on with the economy.

00:25:22.000 It's just been told we've been bailed out.

00:25:24.000 Uh, when is the public gonna really feel the crunch of it?

00:25:28.000 And, uh, what can we do to stop it?

00:25:29.000 Is there anything?

00:25:31.000 Well, where they are feeling the crunch right now is in the process of stagflation that has begun.

00:25:42.000 This is something I've written about in a couple of recent articles.

00:25:47.000 It's the same thing that we saw in the 1970s, where we have prices going up and employment and economic growth going down.

00:25:57.000 So where people are seeing this, they're seeing this in The tremendous run-up in the price of gasoline.

00:26:04.000 This is not an accident.

00:26:06.000 It's not being caused by supply and demand.

00:26:11.000 It is not being caused by speculation in the markets, which is the cover story that's being put out.

00:26:16.000 The rising cost of gasoline is a policy of the Western governments, of the U.S.

00:26:22.000 government, to raise the price of petroleum as a kind of a tax On the entire world population in order to bail us out of the economic and financial collapse and also to slow down the growth of the third world, the developing world economies like China and like India.

00:26:43.000 So that's one place we're saying it at the gas pump.

00:26:46.000 These prices are rippling out into all other elements of the economy.

00:26:52.000 It's being passed on primarily in rising food prices.

00:26:55.000 So that's, you know, every day.

00:26:57.000 I hear someone's come back from the grocery store and can't believe how much a gallon of milk costs.

00:27:02.000 So this is another area where it's coming home to people.

00:27:06.000 The third area it's coming home to people is in job loss.

00:27:10.000 The economy lost 60,000 jobs last month.

00:27:15.000 The economy is shedding jobs in the thousands per day.

00:27:19.000 People are out of work.

00:27:21.000 Jobs are hard to find.

00:27:23.000 There's no new source of jobs coming into play.

00:27:27.000 Because the last economic engine of the economy, the housing bubble, has burst.

00:27:33.000 And so, you know, people aren't building homes.

00:27:35.000 The financial industry is shedding jobs.

00:27:38.000 People are having to cut their expenditures.

00:27:40.000 They're having to, you know, live with their parents or rent group houses.

00:27:45.000 These are all ways that this collapse of our economy is showing up in everyday life.

00:27:51.000 Now, the United States has a certain amount of fat, if you will, in the economy.

00:27:55.000 People still have 401ks, which they're now cashing in.

00:27:59.000 They still have big houses, which they're now doubling up in and taking in our rumors, or families living together.

00:28:07.000 So, you know, there's a certain amount that can be absorbed, but the point is approaching very rapidly where that can't happen anymore.

00:28:15.000 Homelessness is going up.

00:28:16.000 The number of people who can't afford to eat decent food is going up.

00:28:20.000 Now, none of this the mainstream media is reporting on.

00:28:24.000 You know, the NFL season has started and we're seeing lots of good football games on television.

00:28:29.000 But it's all simply to cover up what's going on within the economy.

00:28:34.000 And of course the election is just a big distraction from that, but we're going to see no major change to the economic situation other than greater takeover and greater crises.

00:28:46.000 No, there's nothing they can do.

00:28:49.000 Now, to give the Democrats some credit, They do have a platform where you have certain features that could make a difference.

00:28:57.000 For example, in the Democratic platform, you have a feature of a national infrastructure bank.

00:29:04.000 This is the kind of bank that was used during the Great Depression to capitalize economic recovery during the 30s, 40s, and even into the early 1950s.

00:29:16.000 It's really what built the modern U.S.

00:29:18.000 infrastructure.

00:29:19.000 Nobody's ever heard of it.

00:29:21.000 Because the financiers don't want you to know how easy it is for the government to capitalize infrastructure development and create jobs.

00:29:29.000 There's legislation before Congress to do that.

00:29:31.000 Kucinich introduced legislation for it.

00:29:35.000 In the Senate, Senator Dodd introduced legislation for it.

00:29:39.000 And it's in the Democratic Party platform.

00:29:41.000 But they're nowhere near doing it because the current political environment will not allow Something as simple and as basic as an infrastructure bank, even though we see the growth of infrastructure programs that are now being used to at least address some of the problems we have with roads and highways and bridges and this sort of thing, but it's not nearly enough.

00:30:09.000 The Republicans in McCain's stance against earmarks That's really, earmarks are really a surrogate for his opposition and the Republicans' opposition to infrastructure spending.

00:30:24.000 The reason they're opposed to infrastructure spending is that when the government spends money on infrastructure, you are using public funds to do what is needed to be done to create jobs and to shore up the physical economy.

00:30:43.000 They want everything to go through the banking system.

00:30:46.000 They want people to have to borrow money from the banks in order to do things like this.

00:30:50.000 They want to use private credit to privatize the economy, where private companies and corporations come in and buy water systems and even buy roads like they did with the Indiana Turnpike.

00:31:04.000 This is what the Republicans want.

00:31:06.000 They want to drive the economy totally into the hands of the financiers, the banking system, the big international financial Conglomerates, the equity funds, they couldn't care less about public support of the economy, about public financing of the economy.

00:31:23.000 And if the Republicans are elected, it will be the worst possible thing that could happen for the economy of this country.

00:31:35.000 Are you saying it's actually going to make a difference if Obama's elected?

00:31:38.000 Will he put in any of these backbone infrastructures?

00:31:40.000 In my opinion, we're going to see a little bit of tinkering around the edges the way Clinton did.

00:31:47.000 A little bit more of certain aspects of the welfare state which are oriented primarily to the lower economic rungs, to the poverty level people.

00:31:56.000 You know, we might see some more food stamps out there.

00:32:00.000 We might see the earned income tax credit being expanded a little bit.

00:32:05.000 I can't see right now the Democrats doing anything significant To increase the job base in this country that does not go through private enterprise, but we won't see anything really major because I don't think the Democrats have the power to go up against the financial elite that runs the system.

00:32:27.000 At least that's the way it looks right now.

00:32:28.000 I think that the only way to do it is to attack the Federal Reserve System at its root.

00:32:34.000 The way Ron Paul has advocated, the way this group that met in Washington today was talking about, the one that included Nader, included Cynthia McKinney, we need a complete overhaul of the financial system.

00:32:48.000 In addition to that, what I think we need to put into place immediately is a national dividend that would involve direct payment to individuals of the kind of resource revenues that they do through the Alaska Permanent Fund, where this year They've raised the Alaska Permanent Fund to a $3,200 stipend to each resident of Alaska that includes a fuel subsidy and includes a resource revenue royalty.

00:33:14.000 We need to do something like this nationwide to attack the oncoming depression at its very roots and it's very difficult.

00:33:23.000 I can't see the Democrats doing this without just throwing out everything that they have been doing the last 20 years Under the centrist regime that Clinton and the Democratic Leadership Council put in place, which is really what you might call Republican-lite, I think we need a complete revolution in public finance in this country.

00:33:47.000 But instead, it'll just continue to leverage out to the global banking system, and the larger beast will continue to die.

00:33:54.000 I think so.

00:33:55.000 I think that what the Democrats are really doing is to support the so-called soft landing.

00:34:03.000 Where we just kind of continue to slide into a prolonged depression.

00:34:09.000 And when do you think Americans will actually start to feel it?

00:34:12.000 When will it be obvious on the streets?

00:34:14.000 Well, you know, people I know.

00:34:16.000 Let's hope it's not.

00:34:19.000 Well, I guess, I don't know, maybe Austin is different, but you know, where I am in Virginia and Maryland, it's an area that gets a lot of federal money to support it because there's so much government around here and so much military.

00:34:33.000 But, you know, my sister and my mother go to the grocery store and they're flabbergasted at what they have to pay, or at what she has to pay for medication.

00:34:42.000 Well, I guess at a base level I just see the dull optimism in people's eyes, hoping that a new president will actually run things and change things.

00:34:52.000 I don't know exactly, I just have the feeling that at a gut level we have no idea what's going on on the ground floor.

00:34:58.000 Well, that's true, and that's why one of the things that I'm constantly saying to people is that you have to get informed about the issues, and you have to understand that the root of the problem is the debt-based, usury-oriented monetary system that we have had in this country from the very beginning.

00:35:19.000 And it's really the fact that the only way money is introduced into circulation in our economy It's through a bank loan at interest that is, along with the export of our manufacturing jobs to third world countries, it's bankrupted the United States.

00:35:37.000 And until the American people understand that and get educated on that, and demand that we have political leaders who can take back the control of the financial system, of the monetary system, from the international financiers, Who have run this thing in this country for decades, nothing will change.

00:35:56.000 It will only get worse.

00:35:58.000 And it could get so bad that we have a complete loss of our democratic system, our democratic values.

00:36:05.000 I mean, it's getting to be that critical.

00:36:09.000 Yeah, shifting gears but probably a parallel with what's going on.

00:36:12.000 I've got a Register article here, NASA chief blasts US space policy and leaked email.

00:36:19.000 Mike Griffin says the White House is waging jihad against the space shuttle and offers a gloomy view of the future.

00:36:26.000 Basically it's everything to do with our Russian relations and basically we're giving up our spot on the International Space Station system.

00:36:35.000 What do you know about this?

00:36:37.000 What does this mean economically and in terms of our future in space?

00:36:41.000 Yes, we have given up on the space station.

00:36:44.000 Once the shuttle is retired in 2010, we will not have a vehicle any longer that can take astronauts to the space station.

00:36:53.000 Now, the space station was supposed to be a vehicle of international cooperation where the U.S., Russia, the European Space Agency, Japan and other nations would work together For the economic development of space resources.

00:37:06.000 The United States has given that up.

00:37:08.000 We've walked away from the space station and we've put all of the money that we have into this program of establishing a base on the moon.

00:37:19.000 But the problem is that all the other countries that are now in space are going to do the same thing.

00:37:24.000 We thought we were going to control the avenue from the Earth to the Moon through this latest venture, which is really the Apollo program rolled out again.

00:37:34.000 But now Russia, China, the European Space Agency, Japan, and even India, if you can imagine that, are all announcing the fact that they're going to set up Moon bases in the next 20-30 years that will compete with the United States.

00:37:52.000 We're even losing our ability to Uh, have leadership in space.

00:37:57.000 And how does that relate to our game of balderdash with Russia on the ground? 0.85

00:38:01.000 Uh, basically stepping up tensions at every level, uh, defense missile shield, uh, the Georgia conflict, uh, the central caucus region, and now in space, we're giving it all up to, uh, what's going on with Russia?

00:38:15.000 Well, it depends on, uh, who controls the, uh, government coming out of the next election.

00:38:23.000 Right now, we're playing a game of chicken with Russia that could lead to a World War III. 0.98

00:38:28.000 The United States instigated the attack on South Ossetia that led to the recent conflict over Georgia, and we did that in order to escalate tensions with Russia because it's all a way to run away from our own economic collapse. 0.70

00:38:48.000 It's called a flight forward.

00:38:51.000 syndrome.

00:38:52.000 Bush has this great scheme of world conquest that he's been carrying out, and Russia's the next target for this, because Russia is the one nation in the world that has the ability to separate itself completely from the financial system of the Western financial powers.

00:39:11.000 And they're doing this, they're taking a stand, and they may be taking China, Central Asia, and possibly even India with them into a coalition It will draw the line in the sand where the Western financiers who control the Western nations, including the United States, cannot pass.

00:39:29.000 Now, at that point, they either have a choice of trying to go to war against Russia, which a lot of them want to do, or of recognizing that our system is a parasitic system that's totally bankrupt and that has to be changed.

00:39:44.000 The system can be changed.

00:39:46.000 That's something that monetary reformers Including myself, I've tried to get across to people.

00:39:51.000 The system can be changed.

00:39:52.000 The American system, as it was founded as a republic, under the Declaration of Independence and our Constitution, give us the ability to change the system, to control our own destiny.

00:40:03.000 We gave that power up when we allowed the financiers to come in and take over our country and our economy, when the Federal Reserve System was set up in 1913.

00:40:13.000 Everything that's happened since then, with one war after another, And the military industrial state that we have now is all a consequence of losing our financial and our monetary freedom.

00:40:24.000 We need to recapture that freedom.

00:40:26.000 It can be done.

00:40:29.000 But what is it going to take to accomplish that?

00:40:32.000 I mean, I don't see it happening.

00:40:34.000 I see it's just moving more towards that World War III scenario.

00:40:37.000 In my opinion, what it takes is the creation of a new political party.

00:40:42.000 We've seen things like the Reform Party, The Libertarian Party, the Green Party, but none of them has really stepped up to the necessity of recreating our constitutional system, and by starting with control of our financial and monetary system.

00:41:01.000 Now, there is one party that recognizes this, and I don't know if they've been on Alex's show.

00:41:09.000 It's the Constitution Party.

00:41:12.000 I have met with Officials and candidates of the Constitution Party who recognize what the problem really is, and who see the monetary system as being the core issue that needs to be addressed, of going back and looking at what the Constitution says about the monetary system, where it gives authority over the monetary system to Congress.

00:41:34.000 Now, I've met with Daryl Castle, for instance, and Daryl is the vice presidential candidate For the Constitution Party.

00:41:42.000 He understands this.

00:41:43.000 Daryl spoke in Denver at a rally during the Democratic National Convention.

00:41:50.000 And, you know, brought this to people's attention.

00:41:53.000 He's been going all over the country talking about this.

00:41:56.000 Now, not very many people know about the Constitution Party.

00:42:00.000 Not very many people are going to vote for it.

00:42:03.000 But, they have an answer to the problem.

00:42:06.000 And it's people like them that need to get into the forefront and that all of us who are writing in this area need to call attention to it.

00:42:14.000 If they don't, if the American people are too blind, too asleep to begin to think for themselves about these things, then no, there's no hope for them.

00:42:25.000 Sure, we need to return to the Constitution, but first we have to defeat the strange loves.

00:42:30.000 A few more minutes with Richard C. Cook.

00:42:32.000 I'm Aaron Dykes, and for Alex Jones, we will be back in just a few moments.

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00:43:00.000 Loose Change Final Cut.

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00:43:56.000 Drink and Mate proudly presents another mind-boggling episode of America's toughest quiz show, That's Too Complicated!

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00:45:54.000 All right, we are back. we are back.

00:46:16.000 This is Aaron Dykes in just briefly for Alex Jones while he's getting ready for an interview with Press TV.

00:46:22.000 And something I wanted to mention, today is the day they launched the Super Hadron Collider at CERN over in Switzerland.

00:46:29.000 And an item in the Hindustan Times, Shiva the Destroyer presides over Big Bang mock-up.

00:46:36.000 The symbolism is strong as scientists at the European Organization for Nuclear Research, CERN, near Geneva smash subatomic particles in the world's largest experiment, Shiva the Destroyer, will be in close proximity.

00:46:49.000 That is right, they have a statue of the Hindu god of destruction over this new god-like project and they're always trying to play God, this time literally trying to go back to the first seconds, the first milliseconds, the first moments after the Big Bang. 0.90

00:47:05.000 It's the same thing they did after the Manhattan Project.

00:47:08.000 Robert Oppenheimer, who presided over the atomic bomb, wasn't even a scientist.

00:47:14.000 He was an Eastern poet and philosopher researcher.

00:47:19.000 And there's a quote he said after they dropped the bomb that was very similar to this business about Shiva the Destroyer.

00:47:26.000 John, do you have that clip ready?

00:47:28.000 The world would not be the same.

00:47:29.000 Few people laughed.

00:47:33.000 Few people cried.

00:47:35.000 Most people were silent.

00:47:38.000 I remembered the line from the Hindu scripture, the Bhagavad Gita.

00:47:44.000 Vishnu is trying to persuade the prince that he should do his duty.

00:47:51.000 And to impress him, takes on his multi-armed form and says, Now I am become death, the destroyer of worlds.

00:48:04.000 I suppose we all thought that.

00:48:06.000 That's right, destroyer of worlds.

00:48:10.000 The problem I have isn't that they're probably or even possibly one in a million chance going to end the world, it's that they're playing God.

00:48:17.000 They're scientific dictatorships.

00:48:19.000 Richard Cook, any final thoughts?

00:48:21.000 Well, yeah, I think they're kind of nuts, but if I could just mention, I've got a new article coming out today.

00:48:31.000 Check on Global Research.

00:48:32.000 It's called The Real Reasons for the Fannie Mae-Freddie Mac Takeover.

00:48:36.000 It talks about some of the issues we've discussed today.

00:48:39.000 I've got a new special report coming out.

00:48:42.000 It's called Election 08, Crime, Family, Food Fight, or Threat to Mankind.

00:48:49.000 It's a long report.

00:48:50.000 It's available, uh, if you will write to our email, uh, that's maintained by my partner, Susan Boskey, and it's, uh, right to economicsanity at gmail.com.

00:49:03.000 And we'll give you the information about getting hold of that report.

00:49:06.000 The title is Election 08, Crime, Family, Food Fight, or Threat to Mankind.

00:49:12.000 Uh, I always like to maintain hope.

00:49:15.000 I think, uh, we live on a beautiful planet.

00:49:19.000 We're a talented people.

00:49:20.000 I think there's hope, but people have to take responsibility for themselves and do the right thing.

00:49:29.000 That's right.

00:49:29.000 Let's turn this thing around.

00:49:31.000 Thank you, Richard Cook.

00:49:32.000 And I just wanted to mention tomorrow, September 11th, get out there.

00:49:36.000 Let's turn this thing around.

00:49:38.000 Do your part wherever you are, whether it's New York City, West Coast, East Coast, over in Europe.

00:49:45.000 Just get out there and let's let them know we know what really happened.

00:49:48.000 And don't forget the podcast is about to restart in just a few seconds.

00:49:53.000 I'm Aaron Dykes, just popping in briefly.

00:49:55.000 I usually just sit in the back while Alex You know, rides the mic here.

00:50:01.000 So, check it out.

00:50:02.000 Infowars.com, PrisonPlanet.com.

00:50:05.000 Thank you very much.

00:50:12.000 Podcast at Infowars.com.

Alex Jones Show - September 10, 2008

20080910_Wed_Alex

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