|This editorial appears in the July 22, 2016 issue of Executive Intelligence Review.
Drama Infernale ... and LaRouche’s Deutsche Bank Initiative as the Only Way Out
July 17—The world is facing a Drama Infernale, the lead article in the economics section of today’s edition of Germany’s Welt am Sonntag stated in its headline. Not only is the Italian banking system about to blow apart, with 360 billion euros in non-performing loans, but the entire European financial system is bankrupt as well—with derivatives-laden Deutsche Bank at the top of the list—they report nervously.
But the reality is far worse than even that alarmed account suggests. The entire trans-Atlantic financial system has come apart, Lyndon LaRouche noted in a discussion with associates this weekend, and reported at the outset of the July 16 Manhattan Project Dialogue. As LaRouche PAC’s Dennis Speed summarized LaRouche’s comments:
The system does not allow for any one point of safety. Don’t depend on rational responses from some group. This thing is on the verge of a general global crisis. Therefore, the behavior of people is that they are absolutely panicked; you aren’t going to get a rational response at this point. Don’t try to depend on anyone, don’t try to select any individual. This is an emergency situation, with an emergency problem and we have to address it from that standpoint.
That emergency action centers on LaRouche’s call to use a one-time rescue reorganization of Deutsche Bank, based on the principles of the assassinated banker Alfred Herrhausen, to ignite a bankruptcy transformation of the entire trans-Atlantic financial system and unleash actual human productivity.
In further discussion on Sunday, LaRouche stated:
In our international campaign to implement LaRouche’s dramatic Deutsche Bank initiative, Helga Zepp-LaRouche noted, we are running into unexpected levels of rage in the population across Europe against Deutsche Bank and all bankers, rage which gets in the way of their comprehending LaRouche’s call. She noted:
Lyndon LaRouche likewise stressed the importance of the Deutsche Bank reorganization policy: