Lyndon LaRouche: We are now already in a general breakdown crisis of the international monetary financial system.

Lyndon LaRouche has a credible solution to getting our world out of this massive death knell of a financial crisis.

Please read the following transcript of a speech given by Lyndon LaRouche on the Weekly Update program on LPACTV.

Lyndon LaRouche on the Weekly Update 05-05-10 (LPACTV)
[link to www.youtube.com]

We are now already in a general breakdown crisis of the international monetary financial system. The breakdown crisis for the moment is centered in the Trans-Atlantic Region and notable points of course are Western and Central Europe, the United States, AND BRAZIL, MOST NOTABLY. What is occurring is a final or terminal breakdown of the existing monetary financial system. It is not something about to happen. It is something that has already happened and it’s in process. Often as the case is now that people are still trying to forecast something which has already happened, THE COLLAPSE HAS ALREADY HAPPENED.

And the idea of going ahead with a bailout of Greece, which is an idiotic and actually criminal venture because the problem is not Greece, the center of the problem of the breakdown process in progress is the British system and that means essentially the Rothschild led system of the Inter Alpha Group which is centered, whose activities are centered, IN BRAZIL as part of this operation. And this system is now hopelessly bankrupt and it is going down.

So the question is not what is going to happen, it has already happened. The question is what are we going to do about it? And the answer is we have to go to what is a Glass-Steagall reform of the U.S. system IMMEDIATELY, which means we have to extend that to a Glass-Steagall reform extended to INCLUDE MUCH OF EUROPE. Because if the Trans-Atlantic Region typified by the United States and Western and Central Europe, and also Russia, if they GO DOWN IN ONE COLLSION, the ENTIRE PLANET goes into a NEW DARK AGE.

And, therefore, the question before is not whether something is going to happen or not. IT IS ALREADY HAPPENING. This farcical bailout of Greece, which makes no sense whatsoever, IF THAT CONTINUES, we’re on the road to a HOPELESS SITUATION, A BREAKDOWN CRISIS. This crisis is already here. Can we stop it? Can we reverse it? That’s the question now. And several conditions are required.

First of all, there is an advantageous development. The action against Goldman Sachs or Goldman Sucks if you prefer, is quite appropriate because it triggered enough forces inside the Unites States to begin to think in terms of going to a Glass-Steagall reform (Glass-Steagall Act, [link to en.wikipedia.org] There’s a piece of legislation kicking around now in the process as you know and that is a necessary reform.

We will not get that reform without GETTING OBAMA ESSENTIALLY OUT OF THE PRESIDENCY. As long as Obama’s there, SINCE HE’S A BRITISH AGENT ESSENTIALLY, he’ll sabotage anything in that direction that the British don’t want done. Therefore, IT’S IMPORTANT TO THINK ABOUT THROWING HIM OUT in whatever the best way is to do it and to threaten impeachment is a very good idea. If you threaten impeachment on the basis of the charges that are ALREADY EXISTING against him, READY TO BE LAUNCHED, then he will quit anyway perhaps.

Oh, but since he’s like the Emperor Nero, he’s not going to do sane things anyway. You remember Nero just performed something on his mother that we’ll not mention here, then killed her, took his best friend and put him through four attempts at murder, and the fourth succeeded, four strenuous attempts on this poor old geezer, and then he killed himself! And that’s the profile that fits Obama. So, we don’t know how he’s going to react and how his circles are going to react to this. But the point is, IF OBAMA IS PRESIDENT, THE UNITED STATES IS FINISHED because this is already the breakdown crisis, now centered in Europe, in the Euro system, but which is also MOVING TOWARD THE UNITED STATES and also at South America THROUGH THE BRAZIL CONNECTION, THROUGH THE ROTHSCHILD CONNECTION.

So, we are at a point where the question is not what’s going to happen, but rather, what are we going to do about it. IT’S ALREADY HAPPENING. What’s the reform? The reform is IMMEDIATELY to install a Glass-Steagall reform in the United States. Once that action is taken which requires one piece of legislation, then we can turn our attention to Europe and rescue Europe. E rescue Europe by extending the Glass-Steagall reform to include Western and Central Europe.

The next step in part of that process is we next have to go to China which is key in this operation. China is prepared to defend the price relationship of Chinese goods with respect to the dollar, those relationships. Therefore, we go to China, as the partner of Russia and India, in order to put through the equivalent of a Glass-Steagall reform among those nations, including Russia.

On that basis, we’re now prepared to REORGANIZE THE PLANET. Now the key thing here is, what we’re going to do by launching a Glass-Steagall reform INSIDE the United States, WE ARE GOING TO WIPE OUT QUADRILLIONS OF FAKE MONEY AND FAKE DEBT. Once we have rid the world of this MASS OF FAKE DEBT, which will eliminate most of Wall Street admittedly, but we don’t need Wall Street, the elimination of Wall Street is no great loss to the United States, it’s a great advantage. The British system going under this similarly with this Glass-Steagall there, excellent, an excellent idea. We, by a Glass-Steagall reform extended to Europe FROM the United States AS A TREATY AGREEMENT, we eliminate most of the debt of Europe, this crushing debt. You eliminate a great part of this otherwise unpayable Greek debt as a by-product. You eliminate the unpayable debts of Spain and Portugal and Ireland and REDUCE THE DEBT TO LEGITIMATE DEBT by a Glass-Steagall standard.

On that basis, we can now then turn around and say we can now go ahead with reforms that will rebuild a collapsing economy. That’s unavailable to us. That means we’re going to go largely to infrastructure. Why infrastructure? Because we have destroyed industry; we have destroyed agriculture. And you cannot get a SURGE of growth out of industry or agriculture. The entire official government policy today for example is another case of this. Russia’s financial system is insane. Unless they get rid of it; get break from this British connection, which is this Rothschild connection, they’re going to go under too. But I think that if we get the reform with the United States with China with Russia [India], these agreements, Russia will go along, because they need it, they need the reform.

In that case, we’re now talking about what? We’re talking about a world of which we have in recent decades, we have destroyed, especially since about 1968. We have destroyed the productive powers of labor in most of the world. Step by step by step by step, we’ve destroyed it. We’ve gone down. We have to rebuild.

Well, you can’t rebuild by building little industries here, little things there, industries there. What you have to do is go to what the government can do, because the private businesses no longer exist, in the main. There’re not there. You can’t revive the dead! You have to create new birth. Now, the way we do that is we go to what the public sector of economies can legitimately do, competently do, and that is build essential infrastructure. This means mass transportation, this means power, this means water systems, that sort of thing. The government can finance these things. These are, we’re talking about things which are one generation, two generation maturity, in terms of investments. Government can do that in infrastructure. It actually goes for a century, but the first 50 years is crucial. Once we get the infrastructure started, just started, immediately as we saw under Roosevelt in the 1930s, once you start with the infrastructure program, you now are creating employment in the private sector as an adjunct of the infrastructure program. And when you’re building railways, well that requires a lot of industry, you’re building a complete mass transit system, you’re rebuilding water systems, you’re rebuilding power systems, creating new power systems, all these things require the private sector to be called in to begin to produce the things that are relevant to these large infrastructure projects.

Now we also have a problem, not only do we lack industries which we’ve destroyed, we also lack skilled labor force. We have a young labor force that has no skills to speak of whatsoever. So, we’re going to go back to do what we did with the CCCs [Civilian Conservation Corps] and similar programs in the 1930s.. We’re going to have to provide massive employment, in infrastructure, and spill that massive employment in infrastructure over into the private sector, in terms of employment.

You cannot take people out of a slum who’ve been living on drug habits and similar kinds of things and suddenly make them productive workers, working in a house and so forth, they’re going to take drugs all the way to work and coming from work. You’ve got to recondition them as we did with the CCCs. You’ll have to get federal programs who’ll take youth who are presently useless youth and put them in a situation where with a painful process of adjustment they begin to become productive labor. As they gain productive habits and stability in their lifestyle, they are then suited for employment in new industries. The infrastructure development will demand the creation of the new industries. These younger people can then be absorbed, as trainees, as apprentices, into these industries along with people who remain skilled, who can lead in the process of skills.

WE CAN THEN BUILD/RECREATE AN ECONOMY. We can do this in the United States. We can do this in Western Europe, especially in Germany, France, Northern Italy, and similar places. In China, we have a rebuilding program. It’s a new building program, high power systems, transportation systems, large scale water management systems. A similar thing’s required in India. Similar things are required in other nations. South Korea is ready to go as a partner to these countries. Japan is ready to go as a partner with these countries in these operations. Other nations are ready to go.

[This transcription is stopping at 12:45 minutes into a 56:25 minute speech. There is much, much, more insightful and hopeful information on this videotaped 56 and a half minute speech from Lyndon LaRouche that dates to three days ago (May 5, 2010) that I cannot transcribe at this time, but which can be found at:
[link to www.youtube.com] ]