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1923-Style Collapse Underway On a Global Scale

September 26th, 2011

LaRouche

The creme-de-la creme of the international financial elite is descending on Washington, D.C. this week, for the annual meeting of the IMF-World Bank. They do so in an environment of utter panic and hysteria—panic and hysteria created by the death rattle of their global financial system, and by their own criminal incompetence to deal with it.

  • "All signs of panic are there!"
  • "We need squillions of dollars!"
  • "You need a lot more firepower to be a circuit breaker!"
  • "We're on the eve of a new crisis!"
  • "We are entering a dangerous phase!"
  • "We need a broader firewall!"
  • "This is already a raging panic!"

These are all exact quotes taken from comments made today by the likes of the head of the IMF, the U.S. Treasury Secretary, top British financial journalists, and the head of the world's largest bond trading company. They all now admit that this is endgame; they all now demand that "action" be taken. And they all are utterly devoid of any idea of what to actually do about the crisis which their policies have created.

"I know what to do," Lyndon LaRouche stated today. "This is a 1923-style collapse on a global scale, and the political leadership of the United States is acting like the dumb Germans from 1923. They have learned nothing from that lesson. Nearly everyone in leading positions today has flinched and backed off from the necessary measures. They are not prepared to defend civilization, because civilization itself depends on acting as I have specified. People are going to have to rally around me, personally.

"So sound the warning, and: 1) throw Obama out of office now; 2) cancel the bailout; and 3) implement Glass-Steagall immediately. Anything that excludes any of these three required measures, is as good as treason against the United States, because the country will be shoveled into Hell if they are not adopted. That's what political leaders of all parties need to be told: 'If you don't do what LaRouche has specified, you will at least now know why you and your country are being shoveled into Hell.'

"There is no exaggeration in stating it that way. This is heading towards a death camp. So stop it; stop it now. The call must be unqualified: Stop it!"

LaRouche added that over recent days the Democratic Party leadership capitulated and agreed to bail out Obama, at exactly the point where his political head was on the chopping block, because the vast majority of the population rightly blames him for the unfolding national and international disaster. Instead, with Obama on the ropes, those party leaders and others flinched, and committed the potentially fatal mistake of agreeing to the fraud of targeting Texas Governor Rick Perry (who is a piece of crap, to be sure), arguing that the Obama issue could be put off until November 2012.

"Nothing can be put off until November 2012—and probably not even another week," LaRouche stated. "The system is over, and so are all the political parties that defend it. Obama must go now; the bailout must stop now; Glass-Steagall must be implemented now."

-###-

by LaRouche http://www.larouchepac.com

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