PRINCIPLES OF EIR ECONOMICS
WHAT THE EIR ECONOMIC CHARTS WILL SHOW YOUby Lyndon H. LaRouche, Jr.
August 15, 2004
The ancient model for our Alan Greenspan, Apollo's gibbering priestess Pythia, was seated on her stool by the Delphi cult's grave-site of the ancient serpent-god. She promised the mighty, but foolish Croesus, supposedly the richest man of that time, that a great empire would soon collapse. Croesus later discovered, to his surprise and great sorrow, that the empire of which that priestess had spoken, was his own.
Today, the same kind of ominous, great crunching sound, is the onrushing general breakdown-crisis of the world's present monetary-financial system. The rumbling you hear, is the death-rattle of the present economics profession. The thundering and crackling of this crashing event, will remind the literate, that the wisdom of the great Solon, the wisdom adopted by our republic's founders, not the greed of Croesus and Dick Cheney, was the model of economic and social policy chosen by the framers of the Constitution of our U.S. republic. That is the truth of U.S. politics today, despite today's dupes of that ever-Delphic charlatan of the recent two decades, the creepy-crawly critter known as Alan "Pythia" Greenspan.
This crisis we are currently experiencing, is not a reflection of a boom-bust cycle within the system. It is a collapse of the system itself. That means, that there is no possibility of a built-in rebound of the economy under the world's present, terminal phase of the floating-exchange-rate monetary-financial system. There is no continuity between the monetary-financial system, and its data, as recent experience's accounting reports might falsely suggest such a continuity. The physical economy of nations, including the U.S.A.'s, can recover; but, the post-1971-72 world monetary-financial system could not survive the presently onrushing crisis. Therefore, EIR and I have some important tasks to perform here and now.
That much said as introduction to the business at hand, I now present the following summary of the nature of the policy, of the situation at hand, and the manner in which that mission, of graphically animated representation of physical-economic reporting, is to be carried out. This will be evident not only in coming editions of the Executive Intelligence Review, but a variety of suitable other locations.