POLICY ON FINANCIAL CRISIS MANAGEMENT
Terror as Used for Bailout
by Lyndon H. LaRouche, Jr.
September 17, 2001
CNN, among other arms of "Big Brother," has been wearing a mask of false confidence on, among other notable issues, the matter of the U.S. financial system. The not-so-hidden message has been "confidence that Washington will do what is necessary to ensure that the currently accelerating financial collapse `never really happened,' and, `therefore, never could happen!' " The psychotic leer of delusion on the face of "Big Brother," says, "You will see, Big Brother will fix everything, and triumph in the end!"
Perhaps, somewhere behind that mask, there lurk agencies which are not so psychotically stupid as to believe that "Big Brother" line on the world economy. I suspect there are such witting hoaxsters in the woodwork. However, the problem of popular susceptibility is largely a matter of simple cowardice: denial, on the one hand, of the fact that the onrushing monetary-financial crisis was the inevitable consequence of the failure to act as I had consistently warned must be done; and, on the other hand, denial of the conclusive evidence of a rogue element in our nation's ‹ntsecurity apparatus, by fleeing into the wishful delusion that we need only "hit" targets of foreigners whose culture and homelands are far away. See that clear evidence of dysentery-like cowardice among those spouting blood-lust against the miserable Osama bin Laden, and you are seeing a second danger to the U.S.A. from within, a danger second only to that from those inside our nation's security organization who have been the principal perpetrators of the assault.
The added danger, at this moment, is that lunacy in Washington will insist that everything must be wasted in the futile effort to "save the market," throwing away precious assets for a "bailout" of "the market," instead of conserving our national sovereign credit for the urgent need, that of saving the real economy.
For example, an emergency financial reorganization of the national airline industry, must occur, preferably in parallel with kindred emergency measures by other nations. This means, that we must forget the Wall Street financial capital-gains market, and concentrate on long-term flexible budgeting of Federal and other credit-resources to keep the industry functioning physically, using ten- to twenty-year financial organization as the way of stabilizing the industry both financially and in physical functioning.
Generally, basic economic infrastructure, should enjoy the benefit of first priority, and rebirth of domestic agricultural and manufacturing output as the complementary priority.