Rescuing the world's economy(Lyndon Larouche)

Rescuing the World's Economy
by Lyndon LaRouche Jr.

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 1987 back 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.

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