November 4, 2007 (LPAC)--Lyndon LaRouche today strongly chastized those who have attacked him, for repeatedly warning that the entire global financial and monetary system is hopelessly, irreversibly bankrupt, and must be put through a bankruptcy reorganization to begin a process of global reconstruction. "The news of the past 48 hours that two of the largest financial institutions in the United States, Merrill Lynch and Citicorp, are in dire crisis and have chosen to fire their CEOs," LaRouche said, "just serves to underscore that I have been right, and all of my critics have been wrong to the point of clinical insanity." LaRouche noted that Bloomberg was reporting on Nov. 4 that former U.S. Treasury Secretary Robert Rubin is likely to be brought in as the "interim" chairman of Citigroup.

LaRouche cited his now famous Triple Curve Function, as the reference point for understanding the scale of the financial and physical economic breakdown process that has entered a new, accelerated phase in recent weeks. The documentation cited in the three reports immediately below, when viewed from the standpoint of the second of LaRouche's two Triple Curve diagrams, makes the case that we have already entered a full-scale worldwide Depression, far more severe than the Great Depression of the 1930s. "Many foolish Democrats are behaving worse than Hoover," LaRouche charged, "by persisting in denying the reality of the collapse, and therefore refusing to take the emergency action that I have spelled out, as the only means of solving this crisis."