It's Not Market Rumors, It's a Meltdown
June 14, 2013 (EIRNS)This release was issued today by the Lyndon LaRouche Political Action Committee.
The world financial system has now entered a twilight zone where uncontrolled hyperinflation has been unleashed, characterized by the fact that no amount of monetary expansion can any longer sustain the rate of growth of the British Empire's cancerous financial aggregates bubble. As a result, massive, unexpected turbulence and capital flows have been unleashed, and are rapidly spinning out of control.
The nature of the problem can only be understood from the standpoint of Lyndon LaRouche's famous Typical Collapse Function graphic. We have now entered the region of that collapse function, where the rate of growth of financial aggregates not only has dropped below the curve of the rate of growth of the monetary pumping, but has begun to plunge rapidly downwards. In this new geometry, massive monetary infusions (QE, etc.) not only fail to bail out the financial aggregates, but actually accelerate their meltdown, all the while driving the physical economy deeper into hell.
It's like a heroin addict, who is so hooked on the "fix" of increasing quantitative easing (QE) of the last few years, that it is no longer a matter of what happens when the QE stops. You not only can't stop the QE; you can't talk about stopping; and you can't even think about the topic of eventually "tapering." In fact, global markets today are already undergoing full-fledged junkie withdrawal symptoms and wild contortions, even as the financial heroin continues to flow freely. To wit:
Under these circumstances, Lyndon LaRouche commented today, the British Empire has something different in mind, and is now consciously taking steps that will mean mass death in the U.S., and elsewhere, very quickly. What will happen when the food supplies are cut, when people can no longer eat? That is the Queen's policy for reducing the population from 7 billion down to one billion.