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Citizens Electoral Council of Australia

Media Release  2nd of October 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: Bush may use military force to suppress bailout opposition

American statesman and physical economist Lyndon LaRouche used his international webcast today to warn that the Bush White House was prepared to put troops on the street, to suppress the overwhelming popular opposition to the Wall Street bailout:

“Now, the bailout bill might be voted up. The danger is, that a desperate Bush Administration, and what it’s tied to internationally, might try to make a military suppression of resistance to their policy now. They might try to use military force, to force through the kind of legislation, the bailout, which is being attempted now.

“The other side of this proposition, apart from other measures which I’ve indicated earlier, but will repeat again here today, the essential irony of this situation, is that this is no longer the kind of crisis which the lying government which we have, and the stupid President we have, have been talking about. This is not a mortgage crisis! This is a collapse, a disintegration of the entire international monetary-financial system! Something that has never happened in European experience before! And for which there’s no one competent in the White House, right now. We are on the verge of a global hyperinflation like that which hit in October 1923 in Weimar Germany. When you start talking about $700 billion, then a trillion, then $2 trillion, then $3 trillion, then $7 trillion for this bailout, which is the direction we’re going in, you’re talking about a Weimar-style blowout of the entire international financial-monetary system!

“And the problem now, is that the bailout method, itself, is the driving force of hyperinflation, global hyperinflation.”

In a similar webcast last year, July 25, 2007, LaRouche announced the onset of the meltdown of the system:

“The world monetary financial system is actually now currently in the process of disintegrating...
There is no possibility of a non-collapse of the present financial system—none! It's finished, now!”

The meltdown began three days later. Are you ready to listen to LaRouche, yet?

“Now, more than ever, the Big Four”

LaRouche reiterated that the only possible pathway to fix the world economy, is for an immediate four-power agreement between America, Russia, China and India, to put the current global financial system into bankruptcy reorganisation, and return to the principles of U.S. President Franklin Roosevelt’s Bretton Woods system.

Click here for audio and video archives of the webcast.

Click here to join CEC as a member.
For a complimentary copy of 1932, the documentary which shows the historical reasons for the global financial crisis, click here.


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