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November 6, 2009 (LPAC)—White House Budget Director Peter Orszag has publicly identified himself and the Obama Administration with the strategic outlook of Albert Gallatin, the Swiss aristocratic immigrant, British Empire intriguer, and U.S. Treasury Secretary whose free trade policies bankrupted the United States and stripped its defenses prior to the War of 1812.

Speaking at New York University November 3, Orszag said "it's a particular honor to be speaking here at the university founded by Albert Gallatin, not only because he was a distinguished diplomat and public servant ... but also because he did something very few have been able to do, then or since: manage our nation's finances from deficit to surplus. Perhaps that's why Gallatin has a statue in his honor in front of the Treasury Department whereas Alexander Hamilton's statue is relegated to the south side."

Albert Gallatin and his cohort Aaron Burr were British assets in the political attack on the George Washington administration. Gallatin and Burr schemed against Hamilton in tandem with Thomas Jefferson, James Madison, and James Monroe; but unlike those Virginians, Gallatin and Burr proceeded from within a treasonous transatlantic web operated by Lord Shelburne and the East India Company center of the British Empire.

As Treasury Secretary for Presidents Jefferson and Madison, Gallatin substituted Free Trade for the founders' nationalist economic policies. He insisted that to pay off the national debt, America's armed forces would have to be virtually eliminated.

A new nationalist movement led by Henry Clay and James Monroe arose against Gallatin's policies, uniting patriotic Jeffersonians behind nationalist economics and a defensive war versus the agressions of the British Empire. Over Gallatin's vehement opposition, the U.S. declared war on Britain in June of 1812. North and South alike supported the nationalists, who began the industrialization of the U.S.A. that Gallatin's policies had prevented.

As an authentic European oligarch, Gallatin has always been a cult figure among American Anglophiles, particularly in that nest of treason, Wall Street. When he co-founded New York University in 1831, Gallatin was being kept by the Astor family and headed the nationwide Free Trade faction in collusion with Martin Van Buren and Aaron Burr. His son James Gallatin led the New York bankers during their financial warfare against President Abraham Lincoln.

Albert Gallatin's family commissioned Henry Adams to write a biography to prettify Gallatin's filthy reputation. As a fanatical Anglophile, Henry Adams was ashamed of his own grandfather, Gallatin's opponent, President John Quincy Adams. Treason in America; from Aaron Burr to Averell Harriman, by Anton Chaitkin, presents an in-depth analysis of Gallatin's career.

Peter Orszag concluded his remarks at NYU, "I, along with the President and the rest of the Administration, all are committed to making our way responsibly and rapidly out of this fiscal hole. That's what the founder of this university did when he was helping to lead our young nation at the start of the 19th century, and what we must do as we lead the United States at the start of the 21st."