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May 24—Over the last three to four years of the global economic-financial breakdown crisis, Lyndon LaRouche has warned that if the hyperinflationary policy of bailing out the bankrupt banks of Wall Street and the City of London were continued, it would lead to increasingly dire consequences, up to and including the blowout of the global system. As of approximately ten days ago, it has become patently clear that some powerful forces within the world's policy elite agree with him. The arrest of IMF chief Dominique Strauss-Kahn in New York on May 15 has brought the entire global financial bailout process to a halt. It was no accident. The ``clean job'' that was pulled on Strauss-Kahn had been in preparation for some time, to the purpose of achieving exactly those effects it did achieve. ``What the outcome of those effects will be, is uncertain, but the effects ... cannot be avoided,'' LaRouche commented in a discussion with associates on May 21.
LaRouche continued: ``The entire system is now going to crash in one of two ways. Either, by some unlikely prospect, the backers of Obama, Geithner, and Bernanke will survive this, in which case all Hell busts loose, or they won't survive it, and the situation becomes much more interesting. And what happened to Strauss-Kahn, is an absolutely crucial part of this turning point which has been reached in the past two weeks.'' ... |
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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:
Strauss-Kahn's Fall Means End of the Bailout Game
The arrest of IMF chief Dominique Strauss-Kahn in New York on May 15 has brought the entire global financial bailout process to a halt. 'The entire system is now going to crash,' LaRouche declared. If the backers of Obama, Geithner, and Bernanke somehow survive this, all Hell busts loose; if not, the situation becomes much more interesting. 'And what happened to Strauss-Kahn, is an absolutely crucial part of this turning point which has been reached in the past two weeks.' Strauss-Kahn was a key figure in the bailout of the euro and the whole trans-Atlantic system. His arrest has changed the game. The mad-man bailout faction, especially DSK's partners-in-crime, U.S. Treasury Secretary Geithner and Fed Chairman Bernanke, is now in disarray.
- Mississippi Basin Extreme Weather:
Floods, Food Losses; Obama Oblivious
Economic Policy
- Finance Big Projects with a Glass-Steagall Credit System
On May 13, Lyndon LaRouche, in a video address to a private meeting, reiterated his evaluation that the trans-Atlantic region is now in a breakdown crisis like that which hit Weimar Germany in 1923—except that now it is affecting the entire world. Only a return to GlassSteagall, worldwide, and great infrastructure projects, will pull us back from the brink.
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