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Helga Zepp-LaRouche: Faced with Global Financial Crash and the War Danger, Europe Needs Lyndon LaRouche’s Four Laws

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EIRNS—The perfect storm is brewing, warns chairwoman of the Civil Rights Solidarity Movement party (BüSo) Helga Zepp-LaRouche in an Oct. 8 article for the German weekly Neue Solidarität under the headline "Is It One Minute After Midnight?" She warns, "The sword of Damocles of an imminent collapse of the trans-Atlantic financial system is hanging over the world, while the closely related strategic confrontation between the U.S. and Russia could shift at any moment from the now-ongoing Cold War into a direct military confrontation. There is a way out, but it requires dumping geopolitics immediately, and thinking in terms of a completely new paradigm."

Zepp-LaRouche then reviews the escalation of the conflict between Washington and Moscow over Syria, as well as the impossible attempts of the United States and Europe, together with the IMF, to somehow save the current financial system, while in private everyone knows that it is hopelessly bankrupt, with the situation of Deutsche Bank being only the elephant in the room.

To avoid the threatening meltdown of that system, "which would lead to chaos worldwide and bring the war danger to a boiling point," there is only one workable solution, Zepp-LaRouche continues, and that is the "immediate internationally coordinated implementation of the Four Laws which Lyndon LaRouche proposed" back in June 2014. The first is the re-establishment of Glass-Steagall banking separation, as enacted by Franklin Roosevelt in 1933, which would mean "the cancellation of the vast majority of unpayable debts and outstanding derivatives contracts."

Second, every country should introduce national banking in the tradition of Alexander Hamilton, to replace the current policy of credit creation by independent central banks to the benefit of gamblers. Third comes the creation of an international credit system dedicated to "raising the productivity of the real economy and the living standard of the populations of all nations, which can be done by promoting scientific and technological progress and a real rise in the energy-flux density of the production process."

And fourth, we need a science driver for the economy, to be achieved "through a crash program for harnessing and using fusion energy technology as well as international cooperation on space research."

Not surprisingly, Zepp-LaRouche notes, the impulse for reorganizing the financial system in this way "is not coming from the United States or Europe," but the closest approximation to LaRouche’s proposals "was presented by China at the recent G20 summit in Hangzhou," in the form of "a new global financial architecture and the reform of the world economy on the basis of innovation and growth." It is to be expected, according to Zepp-LaRouche, that these proposals will translate into new initiatives at the BRICS annual summit in Goa, India, on Oct.15-16, and that the importance of the banking facilities created by China and the BRICS (AIIB, New Development Bank, Silk Road and Maritime Silk Road Fund, Contingency Reserve Arrangement) will increase.

Just as the LaRouche PAC in the United States is fully mobilized to get Congress to pass Glass-Steagall now, before the election, building on the momentum that led to the overriding of President Obama’s veto of JASTA, also in Europe, Zepp-LaRouche concludes, "we must force the Parliaments through a broad-based mobilization of the population, to end the casino economy with the adoption of banking separation such as Glass-Steagall," and "to reshape economic policy according to LaRouche’s Four Laws, and rebuild—together with China, Russia, and hopefully an America reorganized under Glass-Steagall—the countries that have been destroyed by senseless, barbaric wars."

To read:
The Four New Laws to Save the U.S.A. Now!
NOT AN OPTION: AN IMMEDIATE NECESSITY

By Lyndon LaRouche