The Trans-Atlantic Financial System Is Crashing; China and the U.S. Are the Key Battlegrounds

November 27, 2019
President Donald J. Trump addresses his remarks prior to pardoning “Butter” the turkey Tuesday, Nov. 26, 2019, in the Rose Garden of the White House. (Official White House Photo by Andrea Hanks)
President Donald J. Trump addresses his remarks prior to pardoning “Butter” the turkey Tuesday, Nov. 26, 2019, in the Rose Garden of the White House. (Official White House Photo by Andrea Hanks)

“The key issue facing the world,” Helga Zepp-LaRouche stated today, “is that the crash of the trans-Atlantic financial system is about to happen. If you talk to informed people in the world of finance or people in the know, they all agree that a major crash is upon us, and that it will be worse than 2008.” Deutsche Bank is frequently mentioned as one of perhaps many banks that urgently need a bail-out.

Zepp-LaRouche added that the way to intervene in this situation is to get people to understand that the only chance for survival is to join with the Belt and Road Initiative, which is a framework of growth and stability. “For that reason, the fight inside the United States and China are the two crucial questions,” she stated, as her husband Lyndon LaRouche had repeatedly emphasized. “The battle inside the United States and the battle over China are the two strategic questions which are of foremost relevance today.”

In the United States, the situation remains undecided. The British drive to impeach Trump is running into serious trouble: Trump supporters are fully backing Trump, and even some Democratic congressmen, especially in the Rust Belt states, are beginning to come to their senses and realize that an all-out impeachment drive could mean their own political suicide.

“But this doesn’t mean that the British and their U.S. allies will not completely escalate the impeachment drive,” Zepp-LaRouche warned. The collapse of their financial system demands it; and so does the fact that they themselves are looking at possible criminal prosecutions if they fail to dump Trump. It is noteworthy that Senators Ron Johnson and Grassley earlier this week sent a letter to the U.S. National Archives and Records Administration requesting that all records which pertain to the 2016 campaign be turned over to them, by Dec. 5th. And the upcoming Durham report is also key, since it involves criminal investigations against those who launched the baseless impeachment drive against Trump.

The other major development, Zepp-LaRouche continued, is the unprecedented escalation of attacks against China, including the approval by both the U.S. House and Senate of the Hong Kong Human Rights and Democracy Act, which threatens China with Russia-style economic sanctions. The Chinese government has repudiated the Act in no uncertain terms, and taken note of the fact that there is a major pressure campaign underway to get President Donald Trump to sign it into law, against his own better judgment.

The recent elections in Hong Kong are also being used to promote violence and a frontal assault against China, while the Chinese government, Zepp-LaRouche stressed, “keeps emphasizing that the election result in Hong Kong will in no way change the basic framework of ‘One Country, Two Systems,’ that China’s development and progress are unstoppable, and that the country will always provide guarantees for Hong Kong.”

Zepp-LaRouche emphasized that EIR’s just-published 24-page report on China, “Stop the McCarthyite Witch Hunt Against China and President Trump,” is a timely and critical contribution to the effort to bring about U.S.-Chinese cooperation on the Belt and Road Initiative, as the alternative to the collapsing trans-Atlantic financial system. The report is available on the homepage of Executive Intelligence Review.