||This article appears in the September 26, 2008 issue of Executive Intelligence Review.
TO ALL U.S. GOVERNMENT INSTITUTIONS:
`Times That Try Men's Souls':
Bush Must Telephone Medvedev
by Lyndon H. LaRouche, Jr.
September 19, 2008
[PDF version of this article]
The world is running out of time, right now!
Russia's President Medvedev has uttered a proposal for immediate, emergency consultation among the U.S.A. and Russia and others, on a general international meeting for emergency measures to deal with the presently onrushing general monetary-financial breakdown-crisis. Since none among the proposals uttered so far, from the Executive Branch or the Speaker of the House of Representatives, have any competence for dealing with this onrushing breakdown-crisis of the present international monetary-financial system, it is of the greatest urgency that there be initiating joint action, co-sponsored by Russia, as a member of the Russia-China-India, Eurasian party and the U.S.A. as the representative of the international Dollar system on which the present world system depends.
I speak now with the authority of the economist who has been consistently right on this problem, and that, for the most part, uniquely, when my government, most economists, and other relevant institutions have been what can be seen so clearly now, as having been terribly wrong, even just plain stupid. The proof has been delivered, and it is now time for many influentials to eat the mistakes which they have, largely, produced.
Whereas all current measures associated with Treasury Secretary Paulson and his current co-thinkers are remedies worse than the disease, the force of leading international power, as typified by the U.S.A., Russia, China, and India, must be brought to bear, immediately, to "put a political-diplomatic freeze" on the current, panic-driven dive into an international hyperinflation of a type last seen in 1923 Weimar Germany.
Not just the U.S. financial-monetary system, but the world system as a whole, is already deep into the early phases of a general, planet-wide financial-monetary breakdown-crisis. The methods for playing with children's toys being used by the dupes of charlatans such as Felix Rohatyn and George Soros, must be categorically rejected. The fools who have profited, illicitly, for so long, from the disastrous, actually lunatic forms of speculation associated with the legacy of former Federal Reserve Chairman Alan Greenspan, must swallow the losses which they and their associated institutions have bestowed upon the U.S. economy, institutions which, for the most part, require no benefits other than a decent burial.
A "New Bretton Woods" agreement in the spirit of the initiative of President Franklin Roosevelt, is the only precedent of relevance for the currently ongoing, general breakdown-crisis of the world's present monetary-financial system.