EIR LEAD EDITORIAL FOR MONDAY JUNE 13, 2022
Inflation? Don’t Panic—It’s Worse Than You Think!
June 12, 2022 (EIRNS)—You have likely noticed by now the many attempts being made to “explain away” what is happening with inflation and the U.S. economy. Some debate whether it is transitory or long-term, while others debate whether it is Putin’s fault or Biden’s. The LaRouche movement thinks that fools speaking this way should be ignored.
To state it as clearly as possible: This is not an inflationary crisis nor a supply chain crisis—we are in the midst of the blowout of the entire trans-Atlantic financial system. And only once one faces that reality, can something be done about it.
This is precisely why the ideas of Lyndon LaRouche are at the center of history today. Will we apply his economic principles, and bring the world into a new era of sovereign nation-states practicing higher and higher levels of scientific, productive, and cultural advancement? Or will the whirlpool of hyperinflation, moral indifference, and ideological hysteria suck the world down into a new Dark Age?
If you have not already heard about the upcoming Schiller Institute conference on June 18-19, please RSVP and get your friends and family to register. This will be an event you won’t want to miss.