Larouche Online Almanac

Published: Monday, June 24, 2002
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Volume 1, No.16
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O'Neill's Hooverville Trolley
by Lyndon H. LaRouche, Jr.

Saturday, June 22, 2002

Those old enough to remember, may recall the famous cartoon series, "The Toonerville Trolley." Treasury Secretary Paul O'Neill should remember how President Herbert Hoover went down to disgrace in the matter of the continuing Great Depression of 1929-1933. Hoover was, personally, a nice guy. I am informed that O'Neill is, too. The fact remains, that he is a lousy economist and apparently has a poor memory for crucial facts of U.S. history.



Just so you don't forget the connections, think of the Bush Administration as "Paul O'Neill's Hooverville Trolley."

It was not the 1929 crash that ruined Hoover's Presidency; it was his repeatedly making exactly the same politically fatal mistake which the Bush Administration's O'Neill and others are making right now. The people blamed Hoover's predecessors, Calvin Coolidge and Andrew Mellon, for the 1929 crash; the suffering citizenry came to hate Hoover bitterly for the latter's promises of a non-existent recovery.

O'Neill's statement, that the present financial crisis of Brazil is "an intellectual fiction," is cooking that Administration in the same pot as Herbert Hoover's "chicken in every pot." The difference between the early 1930s and now, is that the Democratic Party, so far, refuses to play "Franklin Roosevelt" to Secretary O'Neill's replay of "Hoover."

In fact, I am the only notable leading figure in the world today, who is addressing the need for steps to bring about an actual economic recovery in the world today. There is a growing number of persons who are interested in hearing what I have to say, but no leading figure outside my immediate circles who is presently prepared to tell the plain truth about the presently onrushing, global economic breakdown crisis of the present world monetary-financial system.

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FDRthis week in history

June 24-30, 1776

We turn our attention this week to the historical significance and setting of the Declaration of Independence, adopted by the Continental Congress of the American colonies on July 2, 1776, but finalized, and sent to the printer, on July 4, 1776. Seldom has there been a document of more far-reaching import than this Declaration, which sets forth the inalienable rights upon which the American Republic, and its Constitution, were based.

Is it possible there is anything new to say about this event? you might ask. Perhaps not, but the degradation of our culture today makes it crucial to underscore certain points that are generally obscured, if not denied.

First, it must be stressed that the Declaration of Independence represented a unique foundation for the establishment of a nation. Here was a group of men putting forth a set of principles, which amounted to a coherent concept of natural law, as the basis for a country. Rather than being bound by territory, or dynasty, or tribe, the new nation was being founded on an idea.

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Socrates

Articles below are from Executive Intelligence Review. Requires Adobe Reader®.

LaRouche Visit To Brazil Features Sao Paulo Honor
In a solemn ceremony June 12, U.S. Democratic Party Presidential pre-candidate Lyndon H. LaRouche, Jr. was awarded honorary citizenship citizenship for Sao Paulo, by the City Council of that city of more than 18 million people, the third-largest in the world.

'The Most Profound Crisis May Be a Gift'
This was Lyndon LaRouche's June 13 address on the global economic crisis to the Commercial Association of Sao Paulo.

IMF Shatters Argentina as Pieces Strike Brazil
Democratic Presidential pre-candidate Lyndon LaRouche warned Argentines as long ago as March 2001.2001, that the Anglo-American financial oligarchy, acting through the International Monetary Fund, intended to annihilate Argentina as a nation-state; to shatter it economically, politically, and even territorially, and let the chaos resulting from their attempts to collect an unpayable debt, unleash havoc in Ibero-America and beyond.

Privatization Battle Crumbles Peru Govt.
International Monetary Fund policies have doomed another government in Ibero-America. Peru's President Alejandro Toledo now looks like Argentina's Fernando De la Ru´a, shortly before the latter had to resign in December 2001.

Sharon Is Destroying Israel's Broken Economy
While Israel Prime Minister Ariel Sharon threatens wars all over the Middle East, the Israeli economy is collapsing at his feet.

Germany Capital Amnesty, Just to Balance Budget?
The reality of drastically shrinking tax revenues for the state, caused by accelerating corporate defaults and loss of taxpayers through unemployment, has long been an issue addressed—outside of Lyndon LaRouche's associates—only by fringe analysts in Germany.

Why Canada's Finance Minister 'Was Resigned"
Canadian Prime Minister Jean Chre´tien, less than four weeks before his hosting of the Group of Seven heads of state and government summit on June 26-27, sent a resignation letter, on May 31, to Finance Minister Paul Martin, for the latter to sign.

'Look Ma, No Trains Or Planes' in U.S.
Air and rail transportation in the United States is headed for a place in history, unless emergency measures of protection are taken by the President and Congress during the June-July window for Congressional action.

Revisiting Israel's Nuclear Option
The launch of Israel's most sophisticated spy satellite, Ofek 5, gave Ariel Sharon's government unprecedented surveillance capability covering the Middle East, North Africa, and Central Asia, at a time when it is moving toward an expanding regional war.

Afghan Loya Jirga: Too Much Interference, Little Achieved
The much-awaited Afghan Loya Jirga was projected as an opportunity to bind many wounds that continue to affect the country.

Who's Blocking Out The Sunshine in Korea?
Touring Europe last December, South Korean President Kim Dae-jung painted a broad vision urging 'the construction of the 'Iron Silk Road,' linking Korea with Europe by land,' making Korea the gateway to the Pacific.

New Bush Defense Policy Paves The Way for Strategic Blunder
The Bush Administration's announcement of a new defense doctrine based on the right of the United States to conduct pre-emptive military strikes against states and terrorist groups.

Plans to Attack Iraq Make Saudis Target, Too
As the Washington climate grows closer and closer to a nearterm attack on Iraq, there is a more operational quality to the plans of the 'Clash of Civilizations' faction both inside and outside the Bush Administration, to bring down the Saudi monarchy.

Homeland Security Bill Is on a Fast Track
Since President Bush announced his proposal to create a Department of Homeland Security on June 6, Congressional leaders have been falling all over each other to present a bipartisan front in support of the legislation, which was delivered to Capitol Hill on June 18.

Call To Kill Terrorists' Families Is 'Desecration'
Jewish scholars in the United States have reacted with outspoken anguish to the proposal by former U.S. Justice Department official Nathan Lewin, that Israel and the United States begin assassinating the families of alleged suicide terrorists.

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