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November 29, 2008--Il Giornale di Brescia published an article on Nov. 28 entitled: "Tremonti - a follower of Lyndon LaRouche". The author, Dr. Gianpiero Savelli, is chairman of the Alleanza Nazionale chapter in Salò, the largest town on the west bank of the Garda lake, which is under the province of Brescia. Although the writer is mistaken in at least two places (LaRouche was not pardoned by Clinton, and his program is not "almost Keynesian"), nevertheless his rendition of part of the four-steps solution is accurate. Here is the text.

"Minister Tremonti's current positions on financial markets are part of the current of thought that rejects marketism and prefers a 'soft' control from the state. To eliminate the distortions of a market left to itself, he [Tremonti] proposed a 'new Bretton Woods', that is to say a new edition of the world leaders conference that took place in the famous town in 1944".

"Not only Tremonti stands out in the national political scene through such ideas, which he shares with Sarkozy, but he admits, with extreme intellectual fairness, that his beliefs derive from the theses presented by Lyndon LaRouche. Who is this American economist and politician?"

"Still in the seventies in the United States, he [LaRouche] founded a movement dealing with the defense of civil rights, war against drugs and of the state role in the economy. He even went to jail – a quite suspicious sentence – and was pardoned by president Clinton."

"Recently, he acquired a strong visibility because, right last summer, again forecasted the imminent banking collapse due to subprime mortgages. He has given many conferences in Italy, in front of a political representation that went from right to left, where he always stressed that, when the volume of 'fictitious' transactions exceeds many times exchanges of real goods, the economic system must face a certain collapse".

"The answer from wild and unregulated free-market supporters has always been a defying attitude against him, calling him a day-dreamer. On the contrary, LaRouche's message is very valid in the present moment, since he does not issue a simple critic against a status quo, but he formulates concrete proposals".

"LaRouche has for years proposed to build a dense network of Eurasian infrastructures to integrate Europe with Russia, especially that Russia which Premier Berlusconi, in a politically far-sighted way, has been courting since long, in the person of its President, Vladimir Putin. Those infrastructural works would be an economic driver that, almost in a Keynesian form, would push the real economy and its linked activities, to real work and not to 'paper' speculation".

"Of great value also, is the bill proposed in America by LaRouche himself, according to which the bank bailout should be undertaken by the State by putting them under state bankruptcy. Public money should save only the commercial part of [financial] institutions with the aim of financing productive enterprises. Insolvent mortgages should be put in a state fund. All this, to prevent bailouts of speculative agencies that instead, should be let fail in order to clean up financial markets."

"These are concrete proposals, valid to rescue a critical situation that, unfortunately, has not yet reached its bottom. One wishes that more and more Italian members of Parliament join such ideas and, rejecting pressures from lobbies, finally address the Common Good of our country"