January 22, 2008 (LPAC) - In his Jan. 17 webcast, Lyndon LaRouche said there will be an explosive quickening in the rate at which the economy disintegrates. Today's Sacramento Bee reports that notices of default are up in the state in the fourth quarter by 114%, to 81,550 homes. Actual foreclosures, in which the bank or lending agency took over the home, totaled 31, 676 -- a stunning fivefold increase, when compared with 2006.

Among the areas hardest hit is Sacramento, the capital. In the eight- county Sacramento region, notices of default were up 106% in the fourth quarter. For the year 2007, foreclosures in the Sacramento region were up by 496%, to 10,049.

A spokesman for Gov. Schwarzenegger declined to comment on these figures, saying only that the Governor "is very concerned" about the "situation," which he declined to describe as a "crisis." He also refused to go on record as to whether the Governor believes that a Mussolini- style fascist economic plan would gain favor with the voters of the state.