November 23, 2007 (LPAC)--To give the reader a much more cohesive understanding of what developed over the day, we will give you a top down look at the dynamics of the world situation. Because of the lack of clarity and truth amongst the Press Empire, the citizen is usually left in utter confusion. What you must ask yourself is the following question: what is not being told?

What is NOT being discussed in the media is the following:

Lyndon LaRouche's forecasting record as the leading physical economist for the last fifty years has given him the authority on matters of political economics and other facets of knowledge. His policy for a New Bretton Woods agreement in the spirit of Franklin D. Roosevelt's American System Principles is urgently necessary now that the global financial system has completely exploded. See: "Credit Derivatives Double As Markets Die" (1). What the reader of our website may recognize in this collapsed system, is the after-effects of the exploded system. Imagine a star or supernova exploding, and all you see is the debris floating around. LPAC presented some of the flying debris of the financial system. The first was, "The Flying Pieces of the Exploded System: Now, Companies that "Insure" Bonds Are Going Under" (2). The second was, "More Flying Pieces: A 53 Billion Pound (Sterling) Hole in Northern Rock" (3).

Wall St. and London Bankers are right now going haywire!

What LaRouche has been stressing over the recent days, is that the United States and China must cooperate in order to establish the urgently required new fixed-exchange rate monetary system. Any anti-Westphalian principles against China would be ludicrous at this time. This was very much reflected in today's LPAC news slug: "New Provocation Against China Aims to Destabilize Cooperation on a New Bretton Woods" (4).

The U.S. must get the chip off their shoulder and begin to initiate a serious discussion around a new monetary system. LaRouche has the fifty year solution developed around a four power alliance. And, if the U.S. does not initiate it, it will not work at all. The jumping board for this global economic policy is LaRouche's Homeowners and Bank Protection Act of 2007. The only policy that will work.

Lyndon LaRouche had warned from the outset that the foolish Democrats' Fannie/Freddie bail-out scheme was always a still-birth, because we are dealing with a systemic blowout of the entire international financial system, not merely some sub-prime mortgage problem. "Sub-prime refers to cuts of beef," LaRouche explained today. "It's not just some mortgages which are sub-prime; it's the whole global financial system."

And yet, despite LaRouche's repeated warnings, numerous members of Congress under the sway of the screwed-up Speaker of the House, Nancy Pelosi, and her Pinochetista patron Felix Rohatyn, rejected LaRouche's proposed HBPA legislation, arguing that they preferred to rely on their Fannies. Now what are they going to say?

"Make a list of the congressmen," LaRouche suggested, "who talked about an 'alternative' to our proposed HBPA legislation-- an alternative which now doesn't exist. Now what are they going to do? They were wrong. Are they going to admit their mistake? "They said the Fannie/Freddie option was going to be true. They based their argument against our legislation, on their option being true. But now it's obvious that it's not true. What are they going to say about this?" So far, they haven't said anything. But city councilmen, state legislators, and other local officials and political leaders are speaking out, and are joining the national bandwagon for LaRouche's HBPA.

In Pennsylvania, for example, in addition to the eight city councils which have already passed HBPA resolutions, as many as another 10 are expected to sign on, by the time of the Nov. 29 hearings on the subject in the state legislature. See: "Two More Pennsylvania Cities Pass the HBPA Resolution and Scranton, Pennsylvania Intends to Pass the HPBA Resolution" (5), (6).

The motivating issue, LaRouche has repeatedly stressed, is not merely the horrible fate of homeowners (and renters) facing foreclosure and eviction, but the broader need to establish a functioning chartered banking system in the U.S., as part of a global bankruptcy reorganization of the international financial system.

 

The reader must stay tuned to the LPAC activities, because we are moving rapidly in the direction to counter the mass insanity of not only the economic policy, but the cultural policy. What you will get next week, is a mass distributing pamphlet exposing the top-down operations dictating the suicide induced cultural engineering of MySpace, Facebook, and killer video games. Keep on the look out for early previews of the articles on the website.