2010: The Turning Point
by John Hoefle
[A PDF version of this article is available here]
Dec. 31—As the new year rolls in, the ancient Chinese curse/blessing "May you live in interesting times" comes to mind. For we do, indeed, live in them. These are times of both tragedy, and opportunity, as an old and evil system dies a well-deserved and long-overdue death, and the fight over what will replace it takes center stage.
The old system, in its present incarnation, is known as the British Empire, but traces its roots back through Venice, Rome, and beyond. It is a maritime empire whose power is based upon control of money and trade. In the post-World War II period, the empire has cloaked itself in the corporate world, creating global cartels and global markets, controlled by global bankers, but underneath the corporatist facade, lies the same old parasitic imperialism.
That empire is dying, a victim of its own success at looting the world to the point where a devastating collapse is inevitable, unless the nations of the world rise up, cast off the imperial parasites, and return to the path of progress. Fortunately for all of us, that shift has begun.
The King Is Dead
The British Empire's fate was sealed in mid-2007, with the simultaneous deaths of its monetary system, and the financial system that monetary system had created. The distinction is important. The power of the empire rests in its ability to control the supply and price of money. It does this through a network of central banks, such as the Bank of England, the Federal Reserve, and the European Central Bank. These so-called "independent" central banks are creatures of the empire, which views itself as sitting above mere nation-states.
The claim has been made that, in the bailout frenzy of the past two years, the central banks have become tools of the state. The Fed, it has been said repeatedly, has become virtually an arm of the U.S. Treasury, carrying out government policy. In fact, the opposite is true. The Treasury, and the White House, are captives of the imperial system which controls the Fed.
The bailout, underneath all the empty promises, was never intended to bring the dead system back to life. Instead, it was intended to support the imperial monetary system during the transition from the dead financial system to what the empire planned as its replacement: a global financial dictatorship. At the same time, it served to bankrupt the nation-states, the biggest obstacle to this global fascist plan.
The real goal of the British Empire is to turn back the clock to when it ruled the world in its own name, before the American Revolution changed the balance of power. Its scheme to do so revolves around sharp reductions in global population. That is, genocide. The bailout, the phony "man-made global warming" scare around which the Copenhagen conference was organized, and the accelerating, born-in-Britain, police-state measures, are all elements of a plan to impose crushing austerity.
This evil scheme, ironically, is what dooms the Brutish Empire. By destroying the physical-economic basis for life, the empire is destroying the basis for its own existence, and the basis for the existence of civilization itself. If they kill us all, they kill themselves, too.
Now, or Not in Our Lifetimes
The collapse that began in mid-2007 has continued, unabated (see Figure 1). Sometimes it breaks into the headlines, as with the open panic of September 2008, while other times, it travels under the protective screen of the corporate media and the government's statistical fraud. But it is always there. And the losses keep growing, as the real economy collapses beneath the financial games.
Out in the real world, away from the press releases, the spin doctors, the phony statistics, and the rest of the fog machine, it's nothing but collapse. In the U.S., we see record numbers of foreclosures, and the rapid growth of "Obamaville" tent cities. Jobs are disappearing at a staggering clip, setting the stage for more foreclosures, more bankruptcies, more losses for merchants and lenders. Revenues of state and local governments are vaporizing, forcing them to make even deeper cuts in services already cut beyond tolerable limits, and raising taxes on a population that is sinking deeper and deeper into economic misery. The situation is untenable, and unsustainable—and the worst is yet to come.
This is not a linear process that will play out over the next decade or so. When Lyndon LaRouche declared in his July 25, 2007 webcast that the global financial system had died, many failed to listen. Wall Street, though panic was spreading internally, insisted all was well, the system was sound, ad nauseam.
Yet, by the end of 2007, the Fed and the European Central Bank had launched extraordinary bailout facilities—and, in March 2008, Bear Stearns effectively failed. Then, in September, barely a year after LaRouche's declaration, Treasury Secretary Henry Paulson went before Congress to demand the immediate passage of the TARP bailout scheme, to stop the in-progress meltdown of the global financial system. Paulson got his TARP (Troubled Asset Relief Program), which only accelerated the meltdown.
The fools claim that the bailout worked, that the collapse has not only been arrested, but reversed. But how can that be, when all that was done was to pile even more debt atop a mountain of already unpayable debt, while the power of the physical economy to pay that debt has sharply declined? The "bailers" may have broken the psychology of panic for a while, but they have solved nothing. And, in the process, they have turned trillions of dollars of private debt, into government-guaranteed debt, and triggered the hyperinflation of the dollar. The policy has not only been a failure, it has been a nation-killing failure. We will not survive, if we continue down this path.
Thus, we enter 2010 at a turning point. Our current trajectory, under the fascist policies of the British Empire and its stooges, is into a dark oblivion—an oblivion far too many among us have been forced to glimpse. If we continue down this path, we will not survive the year. The alternative, the reorganization-and-recovery plan outlined by LaRouche, provides us with a way to climb out of the pit—but only if it is implemented now. In 2010, our world is going to change for the better, or it will change, almost unimaginably, for the worse.
Defeat the British Empire
If mankind is to survive, we must finally defeat the oligarchic pestilence and its imperial monetary system. Not reach an agreement with it; not put it at a disadvantage; but end its power over the human race. We must, as sovereign nations, once again take control over our own money, and direct our spending into areas that promote the general welfare. That means infrastructure projects, economic development, rebuilding and expanding our productive base. It means putting our people back to work in productive jobs which benefit society as a whole. It means returning to science and technology, setting new goals and exceeding them. It means putting human settlements on Mars, as a jumping-off point for exploring the universe in which we live.
The biggest single obstacle to all of this is that medieval monstrosity known as the British Empire. It is the empire which is the beneficiary of the bailout program, at the expense of the people. It is the empire that pushes the superstition known as "man-made global warming," as a way of shutting down human progress and killing off two-thirds of the world's population. It is the empire that relentlessly pushes the police state, by staging phony incidents and using those incidents to justify ever more intrusive and un-Constitutional measures. It is the empire that plays on our impulses to keep us dumb, blind, and passive, while it destroys all we hold dear.
But the British Empire is also irrational, a wild beast acting on instinct as it tries to protect a world view that should long ago have passed into history. Its effort to use the Copenhagen Climate Change summit to set up what amounts to a world government under the guise of environmental concerns, was a failure, as many nations chose survival over submission. Though it is still powerful, and far from defeated, for the first time in a long time, the smell of its own blood is in the water.
It is, after all, the British Empire's derivatives-fuelled financial system which collapsed. They failed, and then demanded that we commit suicide to rescue them. In the U.S., the Federal government quickly complied, but the population rebelled, and that rebellion has become a major factor of resistance. President Obama and the Democratic leadership in Congress have given the Brits virtually everything they demanded, but they are increasingly hated for doing so. And their power is eroding by the minute.
Other nations, seeing this rising resistance in the U.S., and knowing the Hell which awaits them if they capitulate to British demands, are emboldened to defend their own sovereignty. The Russia-China economic development accords, signed in October 2009, are a good example of this, and a demonstration that we can buck the empire and survive. This process escalated at Copenhagen, drying up the British wet dream of global dictatorship.
The fight is not over, but it has begun—and that is the most positive step of 2009. LaRouche, as the most creative generator of ideas alive today, is the driver of this movement toward a new Renaissance. He is the general who can win the war, and he needs your support.
2010 is the year all those who agree with LaRouche must come out publicly and say so, and support the LaRouche Plan. Don't be afraid, don't hide behind institutional excuses, or throw up other silly barriers. It is time for all good men and women to take a stand, to support LaRouche and the principles embodied in the U.S. Constitution. Join us on the front lines, and enjoy striking a blow for freedom.
It is time to finally retire the little shrinking queen and her army of sycophants, and put the world back on track. They deserve it, and so do the rest of us. Let us make 2010 the first year of the new Renaissance.