October 5, 2009—Behind
the media veil of “recovery”,
world civilisation is on the
brink of a total financial and
economic collapse unlike anything
known in world history
thus far. On 30th September,
the last day of America’s fiscal
year, U.S. statesman and
physical economist Lyndon
H. LaRouche, Jr., the world’s
leading economic forecaster,
again warned, “October is the
setting which promises an onrushing
economic breakdowncrisis
world-wide.”
Since July, LaRouche has
forecast that the hopeless attempt
to balance the books of
innumerable bankrupt enterprises
at the fiscal year-end,
from major corporations and
banks to virtually all 50 U.S.
states, will unleash a global
chain-reaction disintegration
during October. Under present
policies, that chain reaction is
unstoppable; the only question
which remains, is how soon it
erupts into worldwide chaos.
It is like a man who has advanced
cancer or some other
deadly disease—he is already
doomed, the only question being
when, precisely, he dies.
Whether in October, or shortly
thereafter, without the urgent
remedial actions proposed by
LaRouche, a near-term chaotic
breakdown of the system is
guaranteed.
The Shadows on the Wall
America’s utter bankruptcy
is evident in its publicly-funded
$23 trillion or more bailout
of Wall Street and the City of
London, and in the runaway
collapse of its physical economy,
which the bailout has only
exacerbated. The following figures
are only indicative of the
crisis, mere shadows of a far
deeper process:
* Five million jobs have been
“officially” lost under President
Obama—this despite a
multi-trillion dollar “stimulus
package”.
* 32 million Americans, over
20 per cent, are now either officially
unemployed; forced to
work part-time; or have simply
dropped out of the labour force
in the last 21 months, according
to the wildly understated,
lying official figures. Bankrupt
States and cities are now cutting
tens of thousands of jobs
per month, savaging vital services
such as police, fire, sanitation,
maintenance, etc.
* 48 of the 50 States are, by
their own figures, hopelessly
bankrupt, and, unlike the Federal
Government, cannot print
their own money. Therefore,
like a cat chasing its tail, they
are forced to continually cut
more jobs and services in a vain
attempt to balance their budgets,
but each attempt causes
their tax revenues to plunge
still further, while the ongoing
collapse accelerates.
* A commercial mortgage
crisis is now unfolding, which
is far larger even than the stillongoing
sub-prime mortgage
crisis.
* U.S. banks continue to fail
at a rate of 10 per month—109
have collapsed since Lehmann
Brothers fell last September, 98
of them in 2009 so far.
Rudd's Idiocy
The collapse of the U.S.
will blow up the entire world.
Therefore the message carried
in September by “Kevin from
Australia” to Rupert Murdoch,
the world media and the G-20
nations convened in Pittsburgh,
of Australia’s powering economy,
is absurd beyond belief.
Just consider the dependence
of our economy upon that of
China, for instance, which in
turn is inextricably interlinked
with that of the U.S. For one
thing, look at China’s dollar
conundrum: if China dumps
its $2 trillion or so reserves of
U.S. dollars, whose value is
disintegrating daily in a world
hyperinflationary blowout like
that of 1923 Germany, it will
collapse the dollar, which will
bankrupt its biggest customer
and thereby itself; but if it
holds its U.S. dollars in order
to prop America up, America’s
unstoppable bankruptcy
will collapse the dollar anyway,
and bankrupt China, too. Thus,
any short-lived appearance of
health, such as Australia’s momentary
windfall from a China
stockpiling raw materials, is like
the bloom on the cheeks of one
dying of tuberculosis.
Continued Page 2 (PDF 171 KB)
Contents
Mass Strike Shapes U.S., World Politics—“LaRouche Plan” now on the table
p. 1
Download PDF (161 KB)
On Her Majesty’s Secret Service: Kevin 007?
by Robert Barwick p. 3
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Down with the British Empire!
by Lyndon H. LaRouche pp. 4 - 7
Download PDF (351 KB)
SPECIAL REPORT
The True History of the Founding of Australia
by CEC History Team pp. 8 - 14
Download PDF (856 KB)
From 1788 to Today: The British Empire’s Ongoing War Against Australian Sovereignty
by Robert Barwick pp. 15 - 18
Download PDF (541 KB)
Mars: The Next Fifty Years
by Marsha Freeman pp. 19 - 22
Download PDF (468 KB)
British Monetarism Turns Public Health into Mass Murder
by Robert Barwick and Noelene Isherwood p. 24
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