However, today, the time has more than come to put on the agenda the three measures that LaRouche has defined as indispensable for overcoming the crisis. The most important of those three is to immediately convoke an emergency conference on a heads-of-state level where a prominent role would have to be played by the U.S., Russia, China, and India--in order to replace the hopelessly bankrupt system of globalization by a public-credit system in the tradition of the Bretton Woods system, as Franklin Delano Roosevelt intended it for the 1944 conference, and as is provided for in the U.S. Constitution.
The monetarist ideology of the so-called free market has now collided with reality. Governments are now called upon to act, in compliance with their oath of office, to protect their populations from danger.
"The key thing here," LaRouche said, "is, who is to blame? It was inevitable. Why was nothing done about it? It was inevitable. We warned about it. Why was nothing done? We warned that the whole thing was happening, back in our international webcast of July 2007. And we defined the precautions that should be taken all the way through. Why was nothing done about it?
"All of the current liquidity bail-out plans being floated by the U.S. Federal Reserve and Treasury, and other idiots, are total nonsense. They have to take the actions I have specified, right now--which is to freeze absolutely everything, go to a bankruptcy reorganization mode, and move immediately to call the Congress back to session. And instruct the Congress to pass my legislation, now, starting with the Homeowners and Bank Protection Act (HBPA), or else.
"This is a time to hit with clout, because if we don't hit fast, there's not going to be any U.S. economy or other economy left."
LaRouche addressed all the politicians, pundits, so-called economists, and average citizens who rejected his warnings and advice. "What did you do about it? What was your position? What was your estimate? And what right do you have to advise somebody on what they should do now, on the basis of your record, as a forecaster, given your political judgment? What about your political judgment? Do you trust it, after what you did?
"The members of the Congress, especially the leaders of the Congress, have failed miserably ever since July 2007, when they were both given a warning, and were given in rapid succession a series of actions that would have prevented this crisis. And they wouldn't do it! Especially Cong. Barney Frank, Sen. Chris Dodd, Cong. Nancy Pelosi, etc. These guys were warned, and these guys didn't do it. They said `no.' Well, they said `yes' to hell, didn't they? Maybe they should resign. It might be a good thing, especially the Speaker of the House. What the hell did she do? She was warned, repeatedly. What did she do?"
LaRouche further explained: "The banks and financial institutions are all sick, but you have to start minimizing what you try to bail out at this point. We cannot saddle the future of the U.S. infinitely. Therefore we have to be very judicious about what we start to bail out, as I said before. This is a question of triage. Now the triage begins. The question is, who can we afford to bail out? I've already established the criteria, in my proposal to establish a two-tiered interest rate and credit policy."
"It's called bankruptcy reorganization, putting something in bankruptcy for the purpose of saving the economy. But the current gang in control wouldn't do it. They were willing to sacrifice the system for the sake of not putting their friends into bankruptcy.
"As of today, with today's developments, we now have sectors of the federal system, or bankers, or in a sense, central bankers, who are going to be open to a change, because they were already talking about it. Today's events have to be viewed, not as this is the time to try to choose the alternative and try a new idea; now is the time to try the idea they had earlier rejected. There are many who did not reject it entirely, but who were induced to reject it, and they will now come back triumphantly and say: `Okay, we were right.' And anyone who is worth anything is one who can say, honestly, in some degree: `We were right, and you guys were wrong.' Nobody else is worth listening to.
"For example, only idiots are listening to Alan Greenspan these days. You want to listen to him, and others like him? You listened to him too much already, didn't you? If you had not listened to him, we wouldn't be in this mess, would we? Are you going to do the same stupid thing again? Are you going to listen to these jerks again?"
LaRouche concluded: "Okay, now that you guys have been proven wrong, I don't have to take your crap anymore. Now you listen to me, and improve your ways!"
Lyndon LaRouche will deliver an international webcast from Washington, D.C. on October 1, 2008, beginning at 1:00 p.m. EDT. It will be broadcast internationally with simultaneous translation in Spanish, German, Italian, French, and Russian.
http://www.larouchepac.com/
September 20, 2008:
Lyndon LaRouche, and John Hoefle of EIR, on "When the Crash Comes: Whom Will You Trust?" Hosted by Harley Schlanger.
http://www.larouchepub.com/radio/archive_2008.html
