December 2, 2008 (LPAC)--City of London mouthpiece Ambrose Evans Pritchard, writing in the Daily Telegraph today, spins out another doomsday scenario targeting the "Four Powers"-- the United States, Russia, India, and China--that Lyndon LaRouche has declared are most crucial for rescuing the world from the ongoing collapse of the world economy.

Pointing to the fact that three-month Treasuries are yielding no more than 0.02% interest, as an indication that the "great boom" over in the U.S., he writes that the terror attacks in Mumbai will escalate capital flight from India. "If the atrocity now propels the Hindu nationalist leader Narendra Modi into office at the head of a revived Bharatiya Janata Party (BJP), South Asia will once again face a nuclear showdown between India and Pakistan."

Moving on to China, Evans-Pritchard points to the potential for civil unrest as mass unemployment grows with the collapse of exports. He quotes Zhang Pin, head of the national development commission, "Excessive bankruptcies and business closures will cause massive unemployment and stir social unrest." Evans Pritchard even cites Japanese fears among certain circles of a Chinese military attack.

As for Russia, he writes, "Russia is a hostage to oil prices. If Urals oil stays below $50 a barrel for long, we are going to see an earthquake of one kind or another. "

He warns the rest of Europe can follow. He says that the collapse is ongoing, with ups and down, but something will create the final "snap." He then points to the historic fact that it was the mutiny in the Royal Navy at Invergordon in September 1931 over a pay cut, that triggered the crisis that led to Britain's taking sterling off the gold standard. "News that the British Empire could not uphold military discipline set off capital flight. Britain was forced off the gold standard within five days. A chunk of the world followed suit," which was followed by Hitler's rise to power and World War II.