Citizens Electoral Council of Australia
Media Release 31st of January 2008
Craig Isherwood, National Secretary
PO Box 376, COBURG, VIC, 3058
Phone: 03 9354 0544 Fax: 03 9354 0166
Email: cec@cecaust.com.au
Website: http://cec.cecaust.com.au
LaRouche calls for new credit system to save U.S., World
Lyndon LaRouche has called for a "two-tiered" credit system to be introduced in the U.S.A., to outflank British-inspired plans to crush the U.S. Dollar and hence the U.S.
Such a system would mean raising U.S. interest rates to 6 or 7% (from the current 3%) to defend the Dollar and fight inflation, whilst cutting rates to 1-2% for homeowners, businesses, farmers and other productive purposes.
This is immediately necessary because European bankers have committed to crushing the U.S.A. in a Weimar Germany-style hyperinflationary shockwave, by forcing it to continue to cut rates due to the threat of financial collapse.
While the European Central Bank (and others, including ours) are raising interest rates to bring down the United States, through the triggering of a further crash of the U.S. Dollar, and through a massive move of European and European-steered capital into the U.S.A. to literally "buy up" U.S. banks and corporations at fire-sale prices, Bernanke and company at the Fed are playing into the European assault by further weakening the Dollar through their hyperinflationary interest rate cuts.
The $10 billion or so losses of French Bank Société Générale was part of the game plan. Far from being a case of fraud by a lone junior trader, the Société Générale affair was actually an inside job aimed at luring the United States into a hyperinflationary trap for the purpose of ending its role as a world power. Read more about that story here.
LaRouche has called upon American patriots to join him in the call for a two-tiered credit system, which would operate in conjunction with his Homeowners and Bank Protection Act, particularly in light of the fact that Bernanke and the Federal Open Market Committee have just reduced interest rates by a further half percent, within days of the previous 0.75% cut.
For an explanation of Weimar-style hyperinflation,
click here.
For a free copy of EIR and detail on the Australian version of LaRouche’s Homeowners and Bank Protection Act to be mailed to you click here.
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