LaRouche Demands That Fed Raise Interest Rates Immediately
Jan. 25, 2008 (EIRNS)This release was issued today by the Lyndon LaRouche Political Action Committee (LPAC).
Lyndon LaRouche today called for the Federal Reserve to immediately raise interests ratesto above the rates of the European Central Bank and the Bank of England. LaRouche issued the call in the context of an existential threat to the United States, coming from the accelerating crash of the post-Bretton Woods monetary system, and an all-out assault on the U.S. coming from European oligarchical circles, led from London.
While the ECB and other European banks are raising interest rates to bring down the United States, through the triggering of a further crash of the U.S. Dollar, and through a massive move of European and European-steered capital into the U.S.A. to literally "buy up" U.S. banks and corporations at fire-sale prices, Bernanke and company at the Fed are playing into the European assault by further weakening the Dollar through their hyperinflationary interest rate cuts.
The raid on the U.S.A., LaRouche explained, is being run out of Europe, particularly out of London, and the only way to defend the vital national security interests of the United States is by raising interest rates, to protect the value of the Dollar. It were best, LaRouche added, to keep U.S. interest rates slightly higher than those of the ECB and the Bank of England. We are under attack, and it is time that some people in Washington woke up to that fact and determined to fight back. This is one measure that will get the Europeans, particularly the British, howling in angerthat their game is up. American patriots with brains, LaRouche concluded, will agree with me that this is what has to be done. I hope to hear other voices joining me in this call, particularly in light of reports that have crossed my desk, that Bernanke and the Federal Open Market Committee (FOMC) plan to further reduce interest rates in a matter of days, when they convene their next formal meeting.