October 7, 2008--On Oct. 3, Arabic CNN (arabic.cnn.com) reported on the comments recently made about Lyndon LaRouche and his economic forecasts, by Russian Railway Minister Vladimir Yakunin. Yakunin's remarks were reported in the Oct. 2 issue of the Russian business dailiy Kommersant. The following is a translation of the report as it appered on October 3, on (arabic.cnn.com):

Title: Russia Discusses the Establishment of a New World Financial System with Arabs

Moscow, (CNN)--The U.S. Congress voted for the adoption of the "bailout package" which was proposed by the Bush Administration, in an attempt to save the financial sector from a crisis that surfaced more than a year and half ago, according to the views of the American economic expert Lyndon LaRouche.

LaRouche had stated, in a meeting with the Russian economist and Russian Railway Minister Vladimir Yakunin, that what was threatening the economy is the move away from the real physical economic reality into a virtual reality based on financial paper.

The U.S. bailout plan consists of pumping $700 billion into the financial sector, according to Novosti news agency. Yakunin sees that this means saving the private bankers and not the economy, stressing that the Russian financial authorities should not do anything of that sort, but rather extend a helping hand to the productive institutions and companies that are capable of supporting the national economy.

Yakunin believes that what is happening in the United States is evidence of the end of financial liberalism, which is pushing the world to establish a new economic theory, so that the world would not again live under a currency without basis called the dollar.

Yakunin emphasized that what Russian President Medvedev announced about Russia's interest in hosting an international financial center using the Russian ruble as a payment unit, is on the table of discussion with senior Arab financial managers. He added that this is the sign of the birth of a new financial system.