X-Message-Number: 32016
Date: Wed, 30 Sep 2009 15:35:37 -0700 (PDT)
From: Phil Ossifur <>
Subject: October brings phase change in global breakdown.
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quotes from the full article athttp://www.larouchepac.com/node/11941
The entire planet has now entered the onset of a planetary "new dark age" - -
unless very specific kinds of changes, from a world monetary system, to a
"Hamiltonian" quality of mutual credit-system, were to be launched by a leading
combination of the U.S.A., Russia, China, and India. Shallow-minded people will
insist that such a change is impossible. I
Then, as now, the only competent remedy for a breakdown condition such as those
of Weimar Germany 1923 and the U.S. economy today, is to put the system as a
whole into reorganization in bankruptcy by the relevant sovereign nation- state,
using the equivalent of a Glass-Steagall standard for reorganization of the
entire system in bankruptcy. The fictitious monetary assets must be simply
canceled, and the relevant economy reconstituted on the basis of an
anti-monetarist credit- system, canceling the morally fraudulent monetarist
assets.
Clearly, the British monetarist-imperialist system would resist such reforms,
virtually to the bitter end. No matter; it is essential that civilization more
generally survive, while the necessary fundamental changes in the United
Kingdom's affairs appear, more or less reluctantly after the remainder of the
world has cast its own vote for economic sanity.However, if the remedy I have
identified is not adopted, the world as a whole is already foredoomed for a
season in Hell. To understand that immediate threat of a global
breakdown-crisis, the factor of what is called "globalization" must be taken
into account.
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