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![Current EIR Cover...Click to view the entire issue as a PDF file. (Subscription required)](images/eirv36n18.jpg) |
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...We are now in the processwe are approaching, as in Germany, in 1923: In the immediate aftermath of the Versailles agreements, Germany went into a plunge, into a depression. And then, in order for Germany to pay its Versailles debts which had been ordered, it went into a hyperinflationary phase, in the Spring of 1923, and by November of 1923, the hyperinflation had blown out the very existence of a German economy. We're now in a somewhat comparable situation today, in the United States, and in the world at large. We are now in what appears to be a deflationary process, where jobs are disappearingsomething like 700,000 a monthin the United States. And that rate of job loss is going to accelerate, as the way it goes now. We're headed toward a general physical collapse of the U.S. economy, and that's in the short term.... |
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March 23, 2007
EIR News Service announced the publication of
The Anatomy of Russian Capitalism,
by Professor Stanislav M. Menshikov.
Translated from the Russian by Rachel Douglas, the book is an authoritative study of the Russian economy during the first 15 years after the break-up of the Soviet Union. The Preface, by EIR founder and contributing editor Lyndon LaRouche, titled, "Russia's Next Step," poses the need for U.S. policy-makers to study and grasp the "disease" presented in this book, since it represents "an economic global pandemic which we must all join to defeat." |
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This Week's Cover
- LaRouche's April 28 Webcast:
The Other Shoe Will Now Drop
In his webcast from Washington, with a satellite hookup to New York City, Lyndon LaRouche exposed the clinical insanity among various political circles, whose policies will rapidly lead to hyperinflation on the scale of 1923 Weimar Germany. In that case, LaRouche stated, 'hyperinflation had blown out the very existence of a German economy.' If the U.S. policy is not changed, from everything it has done since President Obama's trip to London, LaRouche said, the entire world economy will go, creating conditions for the population of the planet to fall from 6.7 billion people, to less than 2 billion. LaRouche's solution: Since the world depends on the credit potential of the dollar, the only way to prevent this collapse, is to retain the potential of the dollar for supporting physical production, and not supporting worthless financial paper, as is now being done.
Strategy
- A Curious Note:
A Good Heart, But Bad History
Lyndon LaRouche comments on a Moscow Times piece of April 24, 'Anti-Nazi Bill Targets Ukraine, Baltic States.' Author Natalya Krainova says the bill 'would make the rehabilitation of Nazism a crime which could result in Moscow cutting diplomatic ties with other former Soviet republics.' LaRouche cautions that the article misses the essential fact, and that one should first ask, 'How and why did the British monarchy, first, create both Benito Mussolini and Adolf Hitler as British-sponsored dictators, and, later, turn against Hitler, but only when the Wehrmacht was overrunning France?'
Economics
International
- Britain and France Lead the Attack Against Sudan
President Obama's Special Envoy to Sudan, Maj. Gen. Scott Gration (ret.), and Sen. John Kerry, chairman of the Senate Foreign Relations Committee, have signaled a change in U.S. policy toward Sudan, away from confrontation, and toward bilateral diplomatic engagement. Yet, it seems that UN Ambassador Susan Rice didn't get the memo.
Interviews
- Osman Yosuf Kibr
The Wali (governor) of North Darfur State in Sudan, gave this interview to LaRouche Youth Movement leader Summer Shields on April 7. Wali Kibr presents a picture of Darfur which is at odds with the distorted image found in the Western media.
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