THE LAROUCHE PLAN'
Rescuing the World's Economy
by Lyndon H. LaRouche, Jr.September 30, 2009
During June 1987, I had repeatedly forecast, publicly, that unless certain remedial actions were taken during the Summer of that year, the first weeks of that October would see a stock-exchange crisis comparable to 1929. It happened exactly as, and when I had forecast such an event to occur.
Now, with the advent of this month of October, the entirety of the planet Earth will have entered the "count-down" phase of what has been pending as a far greater threat of an international economic breakdown-crisis, than even that of Europe's Fourteenth-century "New Dark Age." This would come to be, unless prevented now, a general breakdown-crisis of the entire planet, a period of deadly crisis, which would be fairly estimated to be continued over a span of two or more generations to come.
The current process leading from the development of October 1987back then, to this now immediate, far greater danger, was set into motion, back then, during the October 1987 crisis more than twenty years ago, by the combined effects of, first, the appointment of Alan Greenspan to the post of Chairman of the Federal Reserve System, and, second, the installation of Greenspan's implicitly atrocious legalization of that swindle known as "financial derivatives."
Now, the most crucial point of this present moment of Autumn 2009, is to be traced from the present moment, back to July-September 2007, since when, the world as a whole had already entered, not a mere "1929 style" stock-market crash, but, the crucial "break-down phase" of a world monetary system polluted by the product of Alan Greenspan's great swindle, a swindle which has led into the present most critical phase of a threatened plunge of the entirety of this planet,as if simultaneously, into a new dark age. This would be a dark age which, unless stopped soon, could quickly become far worse in its ultimate effects, than the "New Dark Age" of Europe's Fourteenth Century.
Today, this present state of affairs, also requires that we must recognize that moment, of the October 1987, 1929-style, Wall Street financial depression, as the presently retrospective point in past time, from which what must be chosen to represent the conception of an immediate reform of the world system, must now proceed, as if retroactively.[1]
In that way, by that strict emphasis on the pivotal turning-point of the October 1987 crash, we may avoid, as much as possible, the Herculean chore of attempting to clear away, retrospectively, the physical-economic effects of those errors dating, specifically, from points earlier than October 1987.
Except as we must proceed by resuming the constitutional standpoint, and outlook for U.S. strategic policy extant immediately prior to developments beginning April 13, 1945, we must be content to do as much cleansing as can not be avoided, within the bounds marked out by October 1987. Other intended improvements in practiced doctrine will be required, but those must now, usually, be postponed until the course of improvements made at some time after the most essential, initial rescue-actions have been securely put into place.
Here, then, below, is the outline of the essential points of the immediately needed plan for the actions to be taken on behalf of our planet's immediate economic recovery. For the present moment, the mission now must be the crafting of the foundations of that subsuming dynamic of policy-shaping which is the now most immediately essential foundation for the near to medium term, in the presently tempestuous, immediate future of mankind.
A Preface:The Outline of the Rescue Plan
So, the world as a whole has now entered what would be, unless corrected very soon, a process of general breakdown of the entire world's economy, a breakdown which would bring on a protracted period of genocidal effects of breakdown of the economies of every part of this world for a generation or more yet to come.This already onrushing catastrophe, if it continues along its present course, would soon be expressed as a plunge into a very deep and prolonged new dark age for, not some, but all of the nations and territories of this planet. For as long as the present monetarist form of financial system is continued, there would never be a recovery of the economies of the leading, or other nations of the planet. All chatter alleging some more or less spontaneous recovery of the present monetarist system, at any time in the future, is either fraud, even outright lies, or, merely wishful self-delusion.
The key to understanding the intent and nature of the adoption of a feasible plan for a preventive rescue of the nations from such a presently onrushing catastrophe, depends upon understanding the absolute urgency of shutting down the world's present monetary system, for its replacement, as if instantly, and globally, by a world-wide credit-system consistent with the original intent of the U.S. Federal Constitution. This would be a system which is to be modeled on the proven principle expressed by the precedent of that "Hamiltonian" principle embedded in the heart of the creation of the U.S. Federal Constitution.
Any contrary policy would ensure the full-throated, and, almost certainly, an early onset of a prolonged, planetary new dark age of all peoples and nations.
That indispensable, pro-Hamilton reform already rooted and still waiting within the body of that U.S. Federal Constitution, would cancel all of those specifically fraudulent forms of monetarist debt which have been crafted since the very significantly relevant assassination of President John F. Kennedy. However, for the moment of the present global emergency, the emphasis must be placed on immediately uprooting the presently fraudulent general practices in the world's international markets, a reform to be accomplished by means of the morally lawful action of cancelling those merely nominal, largely speculative financial obligations, which do not meet the U.S.A.'s now historic Franklin Roosevelt-era reform, the Glass-Steagall standard for commercial banking, a reform which, other problems aside, had been so marvelously successful in defending our banking system in its assigned function, for as long as Glass-Steagall remained in full force, prior to the relevant evil perpetrated by the scheming of Larry Summers.
What the British empire has done, in concert with the wretched behaviorists associated with the current U.S. Obama administration, and by the evil influence on that administration of the shamelessly lying former British Prime Minister Tony Blair, has been to push the U.S.A. which was already at the brink of a national emergency in July 2007, into becoming a hopelessly bankrupt shambles, as this had now been done over the period from actions, such as those launched in association with U.S. Representative Barney Frank, and others, in September 2007 and continued as a wrecking-game under the present Obama administration, to the present day.
The need for that cleansing process to rid us of that alien British influence expressed, most emphatically, under the George W. Bush, Jr. and Barack Obama Presidencies, will continue to the point, that we had eliminated the putatively legalized existence of the world's intrinsically imperialist, principal monetarist systems, and, had thus established the purified medium of a concert of cooperating national credit-systems among a growing majority of sovereign nation-states.
For More GoTo http://www.larouchepub.com/lar/2009/3640lar_rescue_world.html
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