- Dec. 16--At a Dec. 12 international webcast from Washington,
D.C. Democratic Party pre-candidate Lyndon H. LaRouche began by addressing
the accelerating collapse of the U.S dollar and the descent of the nation
into bankruptcy, a theme which he returned to repeatedly thoughout his
address.
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- In his opening words to the audience, LaRouche characterized
the economic crisis as fully as serious as that which faced Franklin D.
Roosevelt in 1933. He said:
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- "Since the new European currency was introduced,
the value of the U.S. dollar has dropped by almost 50%, most of that directly
under the present Bush Administration. In the most recent period, the rate
of collapse of the dollar has accelerated, so that the most recent phase,
short-term phase, has been a 20% collapse--and it hasn't stopped collapsing,
yet.
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- "Think of it: A nearly 50% collapse in the value
of the dollar, in terms of the leading world market. And it's not stopped
yet.
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- "The current account deficit of the United States
brings us toward bankruptcy. The insane policies of the present administration,
in terms of budgetary policy, tax policy, and so forth, have brought the
nation to bankruptcy. It is worse than that: We are now in a crisis, which
is fully as serious as that which Franklin Roosevelt faced in March of
1933."
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- LaRouche cautioned that there is no way the nation will
get to the November 2004 Presidential election intact, without the application
of FDR-style remedies under his leadership. He said:
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- "There's no way that we will get to the November
2004 election, with the United States which continues to represent what
most foolish people believe it represents, at this moment today. This will
not happen months down the line: We're on the verge of a total collapse.
The breaking point could come at any moment. It could come in your Christmas
stocking--or in the hole in your Christmas stocking. It could come later,
because the ability to print money indefinitely, and using electronic means,
as well as printing-press means, does give governments the ability to postpone
a collapse which is already onrushing. Such methods of postponing a collapse,
however, only make things worse. But we're in that period, at which, in
a fairly short period of time, in the near term--during the course of the
coming year, if it doesn't happen before Christmas--this thing is going
down!"
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- The critical question, LaRouche stated, is who will pay
for the collapse, the people or the financiers. He said:
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- "What's the problem? The United States has become
a great parasite, a great parasite of financier speculation, as a power.
Now, that financial system, that monetary system, is bankrupt. The question
is, when the firm goes bankrupt, who pays? These fellows (financiers--ed.)
say..., The people will pay. They'll pay, because we loot another country
to pay these bills. Or, we'll loot our own people to pay these bills. And
therefore, the essential conflict is between the national interest and
the financiers. Hitler was not a creation of a bunch of dummies in brown
uniforms. Hitler was the creation of bankers:.... The bankers of this type,
the private bankers, created Hitler, because there was a financial crisis,
and under conditions of financial crisis, if the government is accountable
to the people, it is the bankers that will pay, not the people. And therefore,
the bankers say, It's the people, it's the government, that has to go."
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- LaRouche pointed out that outside of his own candidacy,
no- one in the Democratic Party is prepared to deal with the implications
of the dollar collapse and economic breakdown. He said:
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- "...we're on the verge of the greatest financial
collapse known to any of you. And it's coming on soon. Unfortunately, none
of the candidates I'm up against, none of the rivals, so-called, are prepared
to even discuss it. They certainly have not discussed it in any of their
so-called debates--which are not really debates, more clown-shows than
debates, I must say."
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- LaRouche in 2004
- P.O. Box 730
- Leesburg, VA 20178
- www.larouchein2004.com
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