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To Ring in the New Year With a Bang: Wipe Out Wall Street

January 1, 2015

The Economist yesterday joined the ranks of those Wall Street and City of London hysterics who are admitting that the trans-Atlantic financial system is bankrupt and about to blow up.

Whether it happens in Greece or Spain or Italy, this is the endgame for Europe.
— Matt O'Brien • Dec. 29th, 2014WAPO Blog

The upcoming January elections in Greece are being widely described as the "Lehman Brothers" and "Bear Stearns" moments for Europe, with the expectation that the ousting of the current Troika-run Greek government will lead to similar anti-euro revolts in Italy, Spain and France.

Across the Atlantic, inside the United States, the continuing crash of oil prices, engineered from London and Riyadh, is providing yet another detonator to an imminent blowout of the entire system, with an expectation of 300,000 jobs being lost if the price collapse continues much longer. These are the mere detonators. The real issue, as emphasized by Lyndon LaRouche repeatedly in recent days, is that the entire Wall Street system is hopelessly bankrupt. It cannot be saved and the problem is compounded by the "fracking idiots" on Wall Street whose stupidity and incompetence cannot be over-estimated or ignored.

It is precisely because we are on the very edge of the total bankruptcy blowout of the system that the war danger--including the danger of thermonuclear war against Russia and China--looms so large and immediate. There is only one reason why the world is on the edge of a war of extinction: Wall Street is finished, bankrupt, kaput. Either we go into a total meltdown of the Wall Street system at some point very soon, or Wall Street and London steer the world into global war. Those are the alternatives if the present system is allowed to persist.

The only viable option is for the whole system to be put through an orderly bankruptcy, starting with Glass-Steagall and the immediate re-establishing of a Hamiltonian system, as spelled out in Lyndon LaRouche's Four Cardinal Laws. Nothing else works. From the top down, the very survival of mankind hangs on our success in crushing Wall Street and everything that it represents --including the Obama presidency. As LaRouche said in New Year's Eve comments to colleagues, "We have to get rid of these fracking idiots on Wall Street before they succeed in blowing up the world." He added that it would be a gross error to ignore the stupidity factor among the Wall Stret mavens. "They know nothing--they are idiots."

The Putin government in Russia continues to make it clear that they are resolute in defending Russia's sovereignty and that they know that the Obama-London-NATO policy is one of regime change in Moscow. Unless London and Wall Street are prepared to go for all-out thermonuclear war, they are going to lose. Despite this reality, the Obama Treasury Department imposed new sanctions on Russia this week, and the U.S. Army Commander in Europe, Lt. Gen. Ben Hodges announced that the U.S. will have an armored brigade stationed in undisclosed locations in Eastern Europe through 2016. The Russian Foreign Ministry responded to the new sanctions by making clear that such hostile actions will not be ignored and Russia may drop cooperation with the U.S. on such vital global security issues as the P5+1 nuclear talks with Iran and the Syria crisis, where Russia has taken the lead in attempting to reach a political solution.

Russia is preparing to host the 2015 meetings of both the BRICS and the SCO; and the new global paradigm represented by the BRICS New Development Bank and China's New Silk Road and Maritime Silk Road is moving ahead, with new nations joining in the effort. After Egyptian President al-Sisi's historic visit to China last week, he is conferring with heads of state from Ethiopia and Somalia for a new peace and prosperity plan for Africa. The Chinese and BRICS initiatives are contagious in the best possible sense.

The only serious obstacle to the United States and Europe joining the new paradigm is the remaining vestiges of London-Wall Street power, which is in its final breath. The New Year must begin by wiping out Wall Street once and for all.

                                                                                                                                                                                                                                                                                        

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Greeks Wary of Those Bearing Gifts

The Economist, a leading mouthpiece for the Wall Street-City of London crowd, is totally frantic over the looming Greek elections and the blowout of the euro system and the entire trans-Atlantic financial structures.

In an article posted yesterday under the headline "Greek election--The Euro's next crisis," the Economist rants that there is no way that the crisis will be contained in Greece alone, and that the anti-euro populism is guaranteed to spread, especially to France, given the overall economic "stagnation" of Europe and the revolt against the austerity measures of the Troika. The Economist asks whether the Greek elections will be "Europe's Lehman moment," meaning the trigger for the blowout of the entire system and the London-Wall Street political power that undergirds it.

The Economist wrote,

"It is hard to believe, that a Greek crisis will not unleash fresh ructions elsewhere in the euro zone--not least because some of Mrs Merkel's medicine is patently doing more harm than good."

A flood of similar dire warnings continue to appear in both Europe and the US, with the Washington Post blog writer Matt O'Brien adding

"The odds of Greece leaving the euro have never been higher."

Echoing the same fears as The Economist, O'Brien notes that Europe is heading for a meltdown.

"Whether it happens in Greece or Spain or Italy, this is the endgame for Europe. The euro crisis is a financial crisis that morphed into an economic crisis, before ending as a political one.... At some point, voters will get tired of a paper monument to peace and prosperity that makes the latter impossible."

Another well-known economist, Peter Atwater, wrote in Minyanville that "Greece is the Bear Stearns of the European Sovereign Debt Crisis,...[warning that]...the financial elite have misunderstood social mood and the impact of chronic underconfidence." He cited France, Italy and Spain as immediate candidates for regional contagion.

"As confidence goes, so goes Europe. To these eyes, those who miss this will be seriously wrong about what is ahead as we go into 2015."

                                                                                                                                                                                                                                                                                        

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