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Speaking at a press conference at the European Parliament headquarters in Strasbourg, France Dec. 17, U.S. statesman and economist Lyndon LaRouche blasted ``the insanity of the present government of the United States, in going to a virtual zero interest rate,'' and outlined his proposal for a new international credit system, to be initiated by a Four Power agreement among the U.S., Russia, China, and India....
LaRouche took approximately 15 minutes to make the case that the current crisis was essentially one of financial derivatives—which can never be paid—and that the solution requires the application of bankruptcy reorganization, according to the principles of Franklin Delano Roosevelt's Bretton Woods system....
LaRouche stressed that he personally will be using the enhanced authority he has achieved as the only major economist who forecast this current breakdown crisis, to make sure President-elect Barack Obama goes the FDR way.
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March 23, 2007
—EIR News Service announced the publication of
The Anatomy of Russian Capitalism,
by Professor Stanislav M. Menshikov.
Translated from the Russian by Rachel Douglas, the book is an authoritative study of the Russian economy during the first 15 years after the break-up of the Soviet Union. The Preface, by EIR founder and contributing editor Lyndon LaRouche, titled, "Russia's Next Step," poses the need for U.S. policy-makers to study and grasp the "disease" presented in this book, since it represents "an economic global pandemic which we must all join to defeat." |
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Cover Story
- At the European Parliament:
LaRouche Blasts Fed Folly, Calls for New Credit System
Speaking at a press conference at the European Parliament headquarters in Strasbourg, France, attended by parliament members and European journalists, Lyndon LaRouche emphasized the urgent necessity of a new international credit system, as the only workable alternative to the ongoing efforts to bail out the existing monetary system, through such insane measures as a zero interest rate for the dollar.
Feature
- Mumbai Massacre Calls for a Probe of British Role
If attacks like the Nov. 26-29 atrocity in Mumbai, India, are not to be repeated, the strong British link to the attack must be investigated, and not whitewashed, as the British are trying to do.
Strategic Studies
- LaRouche in New Delhi:
As $1.4 Quadrillion Crashes, There Is Reason for Optimism
In this Dec. 5 address, Lyndon LaRouche emphasized that the solution to the global financial blowout, that began at the end of July 2007, is the formation of a Four-Power alliance to put the world system through bankruptcy reorganization, because there is not enough money or wealth in the world to pay off the trillions of dollars in toxic derivatives obligations.
Economics
- A Real Stimulus Requires Physical Economy, Not Money
The lives of the world's people depend upon a global system of production, distribution and consumption, not the money system. The proper role for finance, is as a handmaiden to the productive sector, which generates wealth and the means of our survival.
- Ecuador Declares Partial Debt Moratorium
Ecuadorian President Rafael Correa declared the foreign debt to be 'illegitimate, corrupt, and illegal.' This challenge to the usury of the international financial institutions will not be welcome on Wall Street or in London.
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