Get Out with Hamiltonian ‘New Economic Platform’
World markets were swept Monday by a shudder of an unpayable debt crash, originating in the Eurozone, the collapsing oil price, and plunging bank stocks across Europe and the United States.
If an answer was needed to the "leaked" vaunting of Chancellor Angela Merkel and her team over the weekend, that they were ready to usher Greece out of the euro, the markets gave the answer. They are not ready for another Greek (and Spanish, and Italian, etc.) debt crisis, because they are in a deep, deep no-growth crisis, with a policy of anti-Russia financial warfare imposed on Europe which is leading to both financial crash and war.
As soon as it became clear last month that Greece was going to a Jan. 25 election over renegotiating its debt, EIR Founding Editor Lyndon LaRouche warned that the new debt crisis would not start just after Jan. 25, but immediately in early January, and that the real stakes would be war with thermonuclear power Russia. Now, entering the foothills of a debt crash, some leading European figures are saying, "Enough; we have to get out of this crisis; where is the exit from war?" The warnings on Sunday from French President Hollande ("We must put an end to the sanctions now") and from German Vice-Chancellor Gabriel ("remember that Russia is a nuclear power!") were more serious than any such previously; and they were only the most notable of others coming from Italy, from Eastern Europe, and of course from Russia itself, which is offering to replace the confrontation with EU-Eurasian Economic Union cooperation.
In the United States the down-2% shudder on Wall Street, led by bank stocks falling fast, was provoked by another slide in the oil price, and the outlandish investments Wall Street banks have in tens of trillions in derivatives based on these commodities. The Energy Information Agency released a forecast that world oil consumption in the first half of 2015 would drop another 1 million barrels/day from the second half of 2014; itself a sign of the ongoing economic trans-Atlantic economic plunge centered in Europe. Yet Obama, boasting Nero-like, continues to pursue a London-created policy of "forcing Russia to its knees," with sanctions and the same oil price plunge which is threatening to blow up Wall Street.
This policy will also blow up the world in war.
The way out of this existential crisis? The "new economic platform" proposed by LaRouche since March-June 2014, in four fundamental laws of economic policy, is a return to the Hamiltonian principles on which the United States' original unity and rapid economic growth were based. That reversal will allow the United States — and Europe, should it follow — to join in the new order of mutual growth and productivity offered by the BRICS-allied nations, particularly by China's policy.
A major public event in New York City January 17, the Martin Luther King commemoration holiday, will join leading American activists in organizing that policy, and be watched by meetings internationally. Its theme is "BRICS Nations Revive Dr. Martin Luther King's Dream: Economic Justice Is an Inalienable Right." That event will be a turning point in humanity's escape from the crisis intensifying now.