My fellow American’s, our country has entered a time of great challenges. Challenges which have been brought upon us not by the last 8 years of social, political and economic change, but by the last 40. During those years, no single president, or administration or political party is to blame, and in fact, making excuses for our present situation has no useful purpose going forward. But we must admit and learn from certain mistakes, and correct them.

During the last 40 years or so, we began a cultural shift toward globalization, something you don’t hear much about, even though it’s going on all around us. Countries, including the United States, bought into the vision that a global society founded upon global economics and global governance is superior to the economic and social interests of the sovereign nation state, as specified in our American Constitution.

Our universities, think tanks, foundations and even our government institutions began to adopt an ideology, in large part funded by powerful multi-national economic interests, that a world organized under a single, global form of governance and economic structure, would be more harmonious, more integrated, and better suited to serve the best interests of all, than a world in which separate independent nations served their own best interests, to the exclusion of others.

Out of this ideology grew the inter-dependency of a global economy with global production markets and global consumption markets serving one another. American industries lowered their labor costs by outsourcing production to cheap-labor, foreign markets, increasing profit margins, and by virtue of that process became “muti-national” in scope–tied to the global economy paradigm. As this process continued, prosperity increased, but American jobs that could be outsourced to cheap labor were lost. In essence, we traded our Declaration of Independence for a Declaration of Interdependence.

The great power and wealth accumulated through America’s prior industrial economy invited vast amounts of credit to be extended by international banking interests–interests to obligate the world’s greatest consumption economy with debt. During this transition, as America established itself as the world’s largest consumer, fueled by easy credit, more industrial jobs were replaced by more service jobs to further service the world’s largest consumer market.

The traditional values of many American families, influenced by an unmatched standard of living, over the course of several generations–had changed. It was as though we’d somehow figured out a way around hard work and sacrifice, so that every American could prosper without them. Under this new paradigm of easy credit and low interest, asset bubbles were created and boom/bust cycles grew and collapsed. But the outsourcing of industrial production proceeded, and the jobs available to replace them became more and more focused on the administrative servicing of a conspicuous consumption economy. Many of our white collar jobs simply created predatory layers, feeding off the consumption economy, and then feeding off the feeders, in layers and layers of administration, litigation and speculation.

Today, working class young adults newly entering the job market are by far the most severely affected of the unemployed. When they enter the market, the factory jobs which their parents and grandparents once held no longer exist. And the opportunity of rising into management through hard work and sacrifice, is also lost. The entry level service jobs which replaced these opportunities are rapidly disappearing as a now debt-ridden consumption economy collapses, and credit is withdrawn.

The only thing remaining constant within this global economic cycle is America’s ever increasing accumulation of debt, the transferance of it’s productive capacity to create real wealth, and the severity of it’s boom bust cycles, culminating in the panic and collapse of 2008.

This may not be what Americans want to hear, but it is a fact. And it is a fact which cannot be negated by stimulus, or artificial job creation, which only increases the long term cycle of debt accumulation.

But the good news is, the American people are beginning to understand the failure of globalism, and they have spoken. They have spoken with a resurgence of traditional values, and we have listened, and your government is ready to serve and to respond.

What we have learned as policymakers is that it is not within our pervue to create jobs, as a socialist government might, but rather to enable jobs, as a sovereign, self-reliant and independant nation should. Tax credits will be considered, but are simply not enough. We plan to extend responsible credit to American businesses willing to invest in the long term benefits of bringing back domestic labor from cheap foreign markets, and providing good, honest, productive jobs to middle class Americans, armed with the competitive work ethic, and traditional values which will break this cycle of debt.

We will do this by nationalizing the Federal Reserve, whose first initiative will be to increase the interest rate, to strengthen the earning power of our currency, and reward the traditional value of saving hard earned money. I am calling for a repeal of the Federal Reserve Act, and a restructuring of the Federal Reserve, under Congressional oversight, such that our economy is restored to the Article 8 principles of our Constitution. Never again, will private, international banking interests control the issuance of our currency, or our lending or savings rate.

I am well aware of the impact this change will have upon the hundreds of trillions of dollars that global banking holds over the functioning economies of the world in interest rate related derivatives. We will not honor any collapse of economic functions precipitated by derivative positions, or their collapse, which do not conform to a Glass Steagall standard of sound banking. That may sound confusing to many Americans, so let me simplify this for all. There will never again be an AIG bailout, or similar backdoor shifting of wealth, which comes about as a result of speculative bets placed on fraudulently contrived securities. We will immediately begin talks with other countries to adopt similar standards, but to the extent that they do not, as sovereign nations, that will be their decision, as this is ours. And we will encourage the harshest of prosecution, as we will pursue here in America, for those who conspired in fraudulent underwriting, fraudulent ratings, fraudulent secuitization and any dereliction of regulatory duty, going forward.

We will reform healthcare by regulating the layers of insurance and administration that interpose between doctor and patient, so that the predatory practice of Health Care Prevention for Profit is no longer a profitable enterprise in America. Nor will medical malpractice litigation be so profitable, or so prohibitive to the competent practice of medicine, as to hinder the healthcare of our citizens. Our newly structured Federal Reserve system will extend responsible credit to the building of medical training facilities, to train medical personnel, and to build community hospitals, to address our growing population and shortage of trained medical personnel. And those construction, and teaching and trained practitioner jobs will not only enable the growth of other useful jobs, but also staff a fair and competitive national healthcare delivery option.

Our venture into climate change legislation was based on an unproven assumption that man-made global warming is imminent and dire. And yet, new evidence not only suggests that these assumptions are unproven, but that science has been tampered with, influenced by special interests with profiteering motives and designs upon exploiting the fear of what may be an unfounded crisis. We must have the courage to step back from this, and re-prioritize, until conclusive evidence is reached. But one thing is certain. Energy independence for America is critical, and the high density energy potential of nuclear power will be an essential part of any policy designed to meet the energy needs of a growing population, with an increasing life span, due to successful healthcare reform.

There are many more details to be ironed out in the sweeping changes I am proposing, and there will be powerful international interests that will go to any length to defeat them, but America will occupy the moral high ground in this argument. And our heritage, our potential, and the will of the American people will prevail.

We have heard you America. These are the changes you have told us you are ready for. These are the changes you believe in. I believe in them too, and I believe in you. I believe you will do your part to regain the true prosperity that comes with traditional, time-tested and realistic values, and I will uphold my part to hold your policy makers accountable to you. This is change we can believe in. This we will do.

(anyway, that’s what our State of the Union speech would be – a few hours in the making and a bit unpolished as it is, still–this would be the crux of it)

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