156 



- Initiatives - 



Already in 1993, initiatives in the direction 

 of emergency action have been taken, and show what 

 can be done: 



a) The "Federal Reserve System Accountability Act" 

 introduced by Rep. Henry Gonzales on Jan. 5, seeks to 

 establish Congressional oversight on the Federal Reserve. 



b) Sen. Bennett Johnson and colleagues have 

 introduced a measure to set a floor price on oil to induce 

 domestic production potential again. This is on the same 

 principle of parity pricing that must be enacted for farm 

 commodities — as was the law of the land until the 1950s. 



c) On the state level, there are actions to stay farm 

 foreclosures, and to investigate and prosecute the 

 widespread fraud associated with farm debt and credit 

 practices under the Federal Reserve System. 



I attach the full text of a resolution recently 

 introduced in the North Dakota legislature that calls on 

 you in Congress, and on the President, to grant such a 

 stay and launch investigations . This resolution is 

 occasioned by the sheriff's sale now scheduled for Feb. 8 

 in county, North Dakota, against Mr. and Mtb. Laverne 

 Zenker, which I ask this committee to stay, in particular, 

 I ask Representatives Earl Pomeroy and Tim Johnson. 



d) The final initiative I raise is the international 

 mobilization of parliamentarians and others' calling on 

 President Clinton to release from jail the political 

 prisoner Lyndon LaRouche, whose economic leadership 

 abilities are so needed now because of the crisis we face. 



Appendices t 



1. North Dakota Legislative Assembly Concurrent Resolution 

 on bank fraud on farm loans, and need for moratorium 



on farm foreclosures. 



2. Letter to President Clinton 



3. EIR interview with Lyndon LaRouche, "How to Get 

 the Economy Moving," Feb. 1, 1993. 



