October 13 2008 (LPAC)--The following is the text of a leaflet produced by the Mexican LaRouche movement and being distributed across that country.
Given the imminent collapse of the world financial system:
ARE YOU NOW READY TO LISTEN TO LYNDON LAROUCHE?
The world is being lashed by the worst financial crisis in modern history, and given that situation, you have a responsibility to humanity. The bailouts being carried out by the central banks of the world are only spreading the cancer, and we are being driven into a hyperinflation that can be seen in the generalized increase in prices. In 2005 alone, financial aggregates (derivatives and leveraged debt) rose to 950 trillion dollars, while the worlds Gross Domestic Product (GNP) rose to only 40 trillion. The aggregates were 23 times larger. That is like having a two-ton flea sucking the blood of a chihuahua. Today, the situation is more serious still, and there is no way it can be paid off or bailed-out. As U.S. economist and statesman Lyndon H. LaRouche said years ago: "It's all over! It's finished."
To deal with the crisis, the financial gurus and "wise men" of Wall Street have decided to inundate the economy with fake money; an injection of liquidity through purely financial means; lowering interest rates; inventing mechanisms that could buy the dying system a little more time, while condemning millions of human beings on the planet to death. Did you know that every 1 percent increase in the average price of food means one million people who will suffer extreme poverty and hunger in Ibero-America alone?
Do you really believe that the financial crisis is not going to affect you and yours? It is not just a matter of numbers and statistics; stock indicators in the abyss; stratospheric figures injected into the international market; hysterical bankers, investors and stock brokers flinging themselves from buildings. To get an idea of this, since Mexico went down in 1982 with the great Titanic of the financial economy, it has lost its manufacturing capacity. real employment has collapsed, millions of Mexicans turned into economic refugees in the United States are now returning across the border en masse, remittances have fallen (12 percent in just the month of August), tourism has declined, exports have fallen, oil prices have plummeted. This is leading to true chaos.
The world will enter a new Dark Age like that of Europe in the 14th century, something much worse than the great economic depression of the 30s, if we dont put an end to this process of cancerous speculation with the derivatives bubble.
The Mexican government has undertaken measures that will only aggravate the crisis and worsen existing problems; this is precisely what Calderons proposals for addressing the crisis represent: transferring the Pidiregas debt to the already looted PEMEX, so that PEMEX takes on 176 billion dollars in debt. Forcing PEMEX to accept this debt will sink it, and lead to its privatization. The argument designed to convince the population to accept this lunacy is that servicing the Pidiregas debt will no longer be considered a part of "official" budget expenditures, and could be invested in "infrastructure" such as a supposed new refinery, which will surely never be built. It is notable that the opposition supports part of Calderon's proposals, only criticizing them for coming late. My good friends, the solution does not lie in Keynesian-style "monetarist" measures, but in a constitutional principle that grants the State the authority to issue sovereign productive credit.
Mexico should listen to, and help implement, the solution that LaRouche has been proposing, forging an alliance among the four Powers: Russia, China, India and the United States, to declare the International financial system in bankruptcy, and to create a new Bretton Woods in the tradition of Franklin D. Roosevelt, which will enable the development of the productive powers of each nation; this will be reflected in the great infrastructure projects and in advanced technologies, whose origin is the creative capacity of the human mind. Like the PLHINO (Water Plan of the Northwest), which would generate sufficient jobs to absorb the labor power expelled from the U.S., and to produce food for 10 million Mexicans.
The Russian government and Italian Senate have already come out in favor of LaRouche's new Bretton Woods. Without a solution to the global problem, Mexico will not be able to save itself.
And so you must decide: do what is necessary so that Mexico comes out in favor of a new economic system, or we all descend directly into chaos.