LaRouche: “Three Simple Steps” To Overcome the Crisis

LaRouche: "Tres pasos sencillos" para vencer la crisis

Ларуш предлагает «три простые меры» для преодоления кризиса 

 

FOR IMMEDIATE RELEASE

LaRouche: “Three Simple Steps” To Overcome the Crisis

March 17, 2008 (LPAC)--Leading economist and statesman Lyndon LaRouche concluded his March 12 webcast by describing “three simple steps” for overcoming the crisis. In the wake of the recent days' dramatic expression of the systemic breakdown LaRouche has warned of, these steps are of the highest relevance. LaRouche said:

“We must overcome the stupidity which seems to control the Congress, or most of the members of the Congress, and to control many citizens who prefer to be ignorant, because they like desperation better than solutions, in order to accept these three simple steps:

One: HBPA [Homeowners and Bank Protection Act]. We must provide for an indefinite period, until we can solve the problem, we must provide bankruptcy protection for the homeowner and for the banks, that is, for the legitimate banks for legitimate banking operations, not speculation.

Secondly, we must establish a two-tier credit system, between 1 and 2% for government-authorized credit, and let the interest rate float, to 7, or 8, or 9% for other things. No stimulation package. A stimulation package is called a “hyperinflationary package.” Anybody who is for stimulation--like these sex freaks, like Paulson and Bernanke--they want “stimulation” all the time! Stimulation! Get 'em some Viagra, or whatever! But don't give them money. And don't float money out there. You've got to have a conservative view, to defeat inflation. You must have a regulated view, an expansive view, for construction, for the security of people, the security of communities, and for the normal functioning of the country, as it used to function. That these habits are built into our system! Normal banking, no more of this hyperinflationary stuff, no more golden parachutes. One to two percent basic rate. Rebuild the economy! People can understand that.

“So, have a system of credit which is anti-inflationary: 1-2% for authorized use of the Federal government, as a means of generating credit. For distribution, primarily--when not by the government itself--primarily through state- and national-chartered banks, functioning in a normal way, pre-inflationary. Shall we say, pre-Volcker, pre-Greenspan ways. We need that.''

Third step: “We also need a factor of world expansion and cooperation, which means we have to go to create a partnership among a number of leading powers, which include Russia, China, and India. China is one of the biggest markets for the United States, and we're one of the biggest markets for China. If China goes down, we're in trouble. Therefore, we have to worry about China. And China has to worry about itself, and has to worry about us--as it does! The Chinese government now understands that this is a problem. India may be not quite as quick on this one, but they'll pick up on it. They understand it, too.

“If we bring together an alliance of the United States, Russia, China, and India, and bring other countries into the same alliance, on economic policy, we can create a new international monetary-financial system--like the Franklin Roosevelt system. Under those conditions, with these three measures, and measures which are required to facilitate their implementation, we can mobilize most of the world to get the Hell out of this thing! And come back to a system where human beings can decently live again.”