153 



Executive Intelligence Review 



(703 777 9451) 



Testimony to the 



Committee on Agriculture U.S. 



House of Representatives 



February 3, 1993 Economic Outlook Hearing 



by Marc la Merry 

 E.I.R. Agriculture Editor 



End the Regime of the Federal Reserve; 

 Institute Economic Emergency Measures 



Chairman de la Garza, Ladies and Gentlemen: 



The news service I represent was begun in the 

 mid-1970s by Lyndon LaRouche and associates, and I have 

 covered agriculture and economic news developments for the 

 past 20 years. My personal family background includes four 

 generations in the dairy business in western Pennsylvania. 



- Economic Catastrophe - 



What we face today is economic catastrophe — not 

 simply a downturn which can be reversed by some 

 adjustments here and there. I ask you— the leaders of a 

 new session of Congress, as a newly-constituted Committee, 

 with 15 new members, to break with the trend of recent 

 legislation, and trend of popular opinion that is causing 

 one disaster after another to occur. 



Consider what we face in three ways: 1) the depth of 

 the depression; 2) the emergency financial measures 

 required; and the 3) emergency production measures. 

 Finally, I want to draw your attention to the initiatives 

 in 1993 that are going in the right direction. 



1) WORLDWIDE DEPRESSION. The entire United States 

 economy is in a depression that is worsening daily, and 

 part of a world depression. The evidence is obvious in 

 each of your home districts, but look at it from the 

 point of view of the overall physical economy: 



Basic industry? What capacity that still exists is 

 rapidly being dismantled. For example, a round of 31,000 

 job terminations has been announced for the aerospace 

 sector — the most advanced and essential workforce and 

 capital stock in the nation. 



Infrastructure? Urban water systems, 

 transportation, energy grid, social infrastructure (health 

 and education,) irrigation, are all breaking down. 



Agriculture? Traditional advanced-technology family farms 

 are being eliminated. Rural areas are being depopulated. 

 The average age of the remaining farmers is climbing to 

 over 60. Considering the entire spectrum of food supplies, 

 the U.S. is a net importer. 



P.O. Box 17390 Washington. D.C. 20041-0390 



