Alex Jones dissects Bill Clinton's speech, alleging a deep conspiracy linking the President to David Rockefeller and the Council on Foreign Relations. Jones accuses Clinton of "doublespeak" while praising free markets, citing alleged CFR instructions to Russia that caused an economic crash for wealth consolidation. Interrupting Clinton's thanks to Rockefeller and Les Gelb, Jones claims these globalists control the Federal Reserve and IMF, turning nations like Indonesia into debt traps. Ultimately, the segment portrays Clinton as a traitor executing a globalist agenda of financial enslavement rather than genuine reform. [Automatically generated summary]
Dick Holbrook over here, I hope if we can overcome the inertia of Congress, he will soon be a member of the team again.
I thank David Rockefeller and Les Gelb and others who welcomed us here today.
The subject that I want to discuss, let me just say one thing in advance.
I'm going to give you my best thoughts.
We have been working on this for three years at some level of intensity or another.
Going back to the Naples G7 meeting in the aftermath of the Mexican financial crisis.
I have done everything I could do personally to reach out across.
The country and indeed across the world for any new ideas from any source.
I'm going to give you my best thinking today about what we can do.
But I want you to know that I'm here and if I had my druthers this would be about a three-hour session where I'd give this talk and then I would listen for the rest of the time.
So I want to encourage you if you think we're right to support us.
It's not we, it's them, CFR. Obviously, we have profound interest.
It is a great irony that we are at a moment of unsurpassed economic strength at a time of such turmoil in the world economy.
I think all of us in this room know that our future prosperity depends upon whether we can work with others to restore confidence, manage change, stabilize the financial system, and spur robust global growth.
I thought earlier that we're moving away from command and control.
You know, if I wasn't so lazy, I'd go back and put those clips together, but I'll trust that people saw it earlier.
Did you see what he did?
He said, moving away from command and control, and now we need global management and managed change and all the rest of this?
Now, I'm trying to get it straight here.
They're taking our money, U.S. taxpayer money, going and paying off politicians from Indonesia to Russia to quadruple their taxes to pay the IMF profits.
But the politicians in those countries get to keep the kickback money.
With a full quarter of the world's population living in countries with declining economic growth, or negative economic growth.
Therefore, I believe the industrial world's chief priority today, plainly, is to spur growth.
It seems to me there are six immediate steps we should take to help contain the current financial turmoil around the world, and then two longer-term projects in which We must be involved.
So take the immediate first.
We must work with Japan, Europe, and other nations to spur growth.
Second, we will expand our efforts to enable viable businesses in Asia to emerge from crippling debt burdens so they can once again contribute to growth and job creation.
Third, we've asked the World Bank to double its support for the social safety net in Asia.
To help people who are innocent victims of financial turmoil.
We'll urge the major industrial economies to stand ready to use the $15 billion and IMF emergency funds to help stop the financial contagion from spreading to Latin America and elsewhere.
Fifth, our Ex-Im Bank, under the leadership of Jim Harmon, will intensify its efforts to generate economic activity in the developing world immediately in the next three months.
And sixth, Congress must live up to its responsibility for continued prosperity by meeting our obligations to the International Monetary Fund.
Secretary Rubin has been working with his counterparts in the G7 to get cooperative support for several of these measures.
I understand Chairman Greenspan is also conducting consulting with his counterparts on these items as well.
As we take these immediate steps, we also must intensify our efforts to reform our trade and financial institutions so that they can respond better to the challenges we now face and those we are likely to face in the future.
We must build a stronger and more accountable global trading system, pressing forward with market-opening initiatives, but also advancing the protection of labor and environmental interests and doing more to ensure that trade helps the lives of ordinary citizens across the globe.
Above all, we must accelerate our efforts to reform the international financial system.
Today, I have asked Secretary Rubin and Federal Reserve Board Chairman Greenspan to convene a major meeting of their counterparts within the next 30 days to recommend ways to adapt the international financial architecture to the 21st century.