August 11, 2007 (LPAC)--The major Swiss financial newspaper, Neue Zuercher Zeitung, reports today that Marc Faber's "Gloom and Doom Report" newsletter terms the international central bank interventions and especially U.S. Federal Reserve Chairman Ben Bernanke's approach, a pre-programmed failure.

None of this week's interventions will stop the fall of stocks, and Faber expects Wall Street to lose 30 percent, in the near future.

Attacks on Bernanke specifically also came from Jens Ehrhardt, of the German Ehrhardt Fund, saying that the Fed's policy has led straight into the crisis: the strategy of letting a number of funds go under, without intervening, created the market panic in the first place, as everybody thought now that the message was that "the rats are leaving the sinking ship." Bernanke just did the opposite of what he should have done, Ehrhardt said.

Wolfgang Gerke, an independent market analyst in Germany, in an interview with Neue Ruhr Zeitung today also attacked the so-called "market professionals," as having produced the current crisis, because "greed overran reason, and numerous warnings were cast in the wind. It is wrong to claim that the risks and problems came unexpectedly."

Ultimately, however, all these "economists", who claim that the system is finished, haven't the slightest clue on how to derail this terrible disaster. Only LaRouche and his PAC have the solutions.