LaRouche: "Biggest Economic Crash in Modern History Could Occur as Early as Mid-October, if Not Sooner"

sept 19

The Stupid, Foolish Jerk Spoke Again; Bush Homeownership Gimmick Will Compound the Crisis


August 31, 2007 (LPAC)--No doubt pushed by the force of the rapidly unraveling economic situation, President Bush today unveiled a "plan" for helping the people in danger of losing their homes. Flanked by Treasury Secretary Hank Paulson, undoubtedly one of the authors of the scheme and Alfonso Jackson, the Secretary of Housing and Urban Development, Bush presented his proposal. The total fairyland nature of Bush's grasp of what he's dealing with, was revealed as soon as he opened his mouth, again describing the "strength" of the American economy. "Economic growth is healthy, the President said. In President Bush's world, "Wages are rising, unemployment is low, exports are up, and steady job creation continues." "The markets," he noted, "are in a period of transition, as participants reassess and re-price risk.[!] " "But the overall economy will remain strong enough to weather any turbulence," he assured his listeners, who were in fact quite few and far between, as most of the White House press corps didn't think he would have anything notable to say, and seemed to have stayed home. As LaRouche noted, the conference were better referred to as a "Depress Conference," since those press who did attend walked away certain the country was doomed."


[link to www.larouchepac.com]

Last Edited by theDtrain on 10/21/2011 03:55 PM

Well I guess thats gonna put a damper on the holidays shopping!

Seems it already has.

Walmart, Home Depot, Now Sears: U.S. Retail Sales Collapsing

August 31, 2007 (LPAC)--Offering steep discounts didn't stop sales falling for the second quarter this year at two more big discount chains in the U.S. On August 30, Sears announced that its sales had fallen 4.3% in the last quarter, and that Kmart's fell by 3.8 percent. As a result, Sears profits fell by 40% in the quarter, the second quarter in a row they declined.

Two other retail chains directed at America's lower 80%, Walmart and Home Depot, announced their sales had declined two weeks earlier.

So much for billionaire hedge fund honcho Edward Lampert's promise when he merged Kmart and Sears Roebuck Co. in March 2005, that he would generate great profits for its shareholders by cutting costs and jobs.



Bank of England Helicopters Inject Massive Liquidity into Barclays Bank



August 31, 2007 (LPAC)--The Bank of England was forced to pump an emergency 1.6 billion pounds ($3.2 billion dollars) into one single bank yesterday, as the bankrupt financial system proved once again as dry as Greek forests these days.

When it was then reported that that bank was Barclays, which had already borrowed from the Bank of England's emergency window this month, Barclays managers put out the unbelievable story that they don't have any financial difficulties, but only borrowed such a huge amount of money at a "penalty" short-term interest rate of 6.75%, to handle a "technical breakdown in the system used to clear and settle money-market transactions" on August 29.

Barclays then announced today that it had just injected $1.6 billion into the Cairn Capital hedge fund which it had helped set up, an amount which just happened to be half the amount borrowed from the Bank of England. Barclay's bailout kept the fund from launching a "fire sale" of its assets. Cairn is one of four exotic financing funds, called SIV-Lites, created by Barclays, which until this month merrily sold short-term commercial paper backed by worthless mortgages and car loans. Two of the four have already collapsed, and are selling their assets at a loss, and a third is about to follow suit. The Bank of England helped Barclays "save" one.



Standard & Poors Loses its Head

[link to www.larouchepac.com]

Last Edited by theDtrain on 10/21/2011 03:55 PM

URGENT UPDATE: LaRouche's Audio Statement on How to Deal With the Global Economic Crisis

[link to wlym.com]

link broken

When the big banks BLOW,
they'll be screamin, cryin, prayin,
when the big banks BLOW

Lyndon LaRoache- who is he?
Where did he come from?
How does he earn a living?
Who funds him?
Certainly not by selling Executive Review-you see them stacked in the "free" pile at college newspaper pickup points on campuses.

They used to call themselves
The NCLC-THE NATIONAL CAUCUS of LABOR COMMITTEES

Their posters were kinda scary- and at odds with 'prevailing' politcal thought at the time about the war-in fact I dont think they ever mentioned the Viet Nam war, which was THE big thing at the time. I always felt they might be a CIA diversion/disinfo group

Their big thing during the middle 1970s, was to have the US declare bankruptcy-to the big Banks-not sure how that would help us if we didnt also sock it to the Federal Reserve-the "Money Tree" for the USA!
Who are the caterpillars?

fear monger... the market takes a dump every october...

sorry: LaRouche;

He always has profound papers or statements/plans/answeres about world events.
Yet he seems a total unknown out side of a few converts on campus, or the internet. The Zetas are probably have moe traffic ans sell more stuff than he does.
If I recall, he did run for President in 1976, and was allowed on a 3 candidate televised debate on TV, along with Jimmy Carter and Gerald Ford

He seems a little like the L RON HUBBARD of the political world

o and yes, this hugest crash in history in october story comes around every year too...

for highly probable doom!

bump for truth.

LaRouche is the Hare Krishna of politics... a political brainwashing cult.
He has been predicting economic collapse for over 30 years.
If he is right this time, it is like the broken clock that is right twice a day.

French Catholic...not that there's anything WRONG with that!

I was predicting we were on the wrong course when Mr. LaRouche was still a kitten-sitter.

Guess Dick Has earned his name.

Go here for Sept 1 Emergency Audio Message...

[link to www.larouchepac.com]

Except this time it's not LaRouche's call. This time it's nearly everyone in the banking and finance game. And it's been predicted for months. And this ain't no usual "October surprise." This is the real deal being felt all over the globalized world. So all the "I'm okay, we're all okay" dooming down won't work this time. America and her global alliance of thieves are about to get jap-slapped up side the head.

hey Inanna..


some here thinks that LaRouche does not understand the money system in the world..

I do not agree with every thing he says .....but he knows the money system..

two years ago he told you to buy rail road companys

August 29 - Bloomberg (Mark Gilbert): "The U.S. mortgage market is in 'turmoil,' according to H&R Block Inc. Chief Executive Officer Mark Ernst... 'The loan originations market is in the midst of the most severe dislocation it has seen in years, maybe the most severe since the 1930s,' Ernst said on a conference call today."

August 30 - Financial Times (Paul J Davies): "One by one, some of the off-balance sheet vehicles run by banks and asset managers that buy bonds backed by mortgage and other debt are beginning to breach their investment rules that could force them into a fire- sale of their assets.

"Could"

"If he is right this time"

WTF is the "this time" business? Are you saying that we all lived in a different world last year and each year back to 30 years ago? There only needs to be ONE collaps not one each year, to make him correct for the *whole time* and to show that he is decades ahead you.

The problems sinking this ship are 70 years in the making. If I were you I'd shut up and start looking for a life boat.

AUSSIE FROM PERTH! I missed you.

[link to www.larouchepub.com]

The Global House of Cards Is Collapsing




here LaRouche spells it out..

ask your self why was Ben put in charge of the FED by Bush.....because he said he will never let prices deflate.....he will drop money....

we were toast when Nixon took us of the gold standard..

Greenspan said hold on to the market until I get in....so you see the Greenspan PUT.....


so you hear the story......always inflate or die...

so this is the way I see it......how do you see it.

paladin

"Life boat" is right.

When this shit hits the fan, the only place you might be safe from the storm is 2,000 miles at sea.

Because anywhere there's people, it's gonna be a madhouse.

Our Debt Money System Explained

by Michael Nystrom


This is unbelievable to most people, but it is absolutely true. If all outstanding debts were repaid under our current debt-based monetary system, there would be no money left in existence. I stress our current debt-based monetary system because other types of monetary systems are possible. Most people never stop to think about this (usually because they're too worried about paying their bills), but our current system (which is controlled by the Federal Reserve) is just one of many possible money systems. There are in fact a variety of different kinds of monetary systems. The following illustration of a simple commodity-based monetary system will help us understand just exactly what money is.


[link to www.bullnotbull.com]