Aug. 29, 2008 (LPAC)--Lyndon LaRouche issued the following statement today, for dissemination to all LaRouche PAC members and supporters, as well as the general public.

"The nomination of Senator Barack Obama, as combined with the prospect of the nomination of Senator John McCain, has settled almost nothing other than the fact of those nominations themselves. The world as a whole is presently gripped by a growing potential for a genuine thermonuclear-weapons crisis like never before, at the same time that the greatest financial-economic crisis since Europe's Fourteenth Century has the entire world presently in its grip--whether some governments and leading political figures wish to recognize that reality, or not.

"The present international financial system is hopelessly bankrupt, and could not be saved. It could only be reorganized in a bankrutpcy designed to defend people, not financial speculators.

"Neither of the two referenced candidates has any present capability for successfully meeting the grave challenges of economic breakdowns of entire economies, and threats of nuclear exchanges, which must be expected as serious possibilities between now and November.

"As recent patterns of developments have already shown, we have an intellectual capability of unique importance in this process. Our most prominent role, as through the work of LPAC, is to provide the intellectual leadership on crucial economic and other strategic issues which neither of those candidacies is presently equipped to deal competently without outside advice, including that provided by our initiatives.

"Therefore, our LPAC campaign has far greater importance for the weeks immediately ahead, than at any time prior to this point. We shall therefore mobilize accordingly.''