“This election has settled absolutely less than nothing,” commented Lyndon LaRouche this morning. “We’ve got ourselves a real crisis on our hands. We’ve got a guy who’s been elected who’s not qualified for anything. And we have one of the worst crises in world history, which is the other part of the story—and you’ve got people who are saying: ‘well now this is going to change the fate of humanity.’ Well, that may be, but not the way they mean it.”

“Any government in the world, as of right now, will become meaningless, unless this financial crisis is solved,” LaRouche continued. “What people say, is not relevant: What effect is it going to have on the crisis? Is it going to solve the crisis? Is it going to be a solution?”

This week, daily events in the economy underscored LaRouche’s concern, and totally contradicted the lies of so-called experts who are quick to declare “the worst is behind us”:

• Australian property values fell 1.8 per cent across the board for the September quarter, triggering panic inside the Reserve Bank of Australia, and a three quarter per cent rate cut.
• Australian Treasurer Wayne Swan announced the global financial crisis had blown a $40 billion hole in the national budget, almost obliterating the much-touted surplus.
• World markets picked up after the election where they’d left off, in meltdown.

The opportunity for a real solution to the financial crisis will come at the G‑20 meeting in Washington on November 15.

The majority of the national leaders present would happily support Lyndon LaRouche’s proposal for a New Bretton Woods reorganisation of the international financial system, including cancelling the world’s $1.4 quadrillion in over-the-counter derivatives obligations, and banning them; and fixing currency exchange rates and re-regulating the financial system.

George Bush, Gordon Brown and Kevin Rudd are the main obstacles to this perspective, pushing instead Brown’s sham New Bretton Woods which would turn the IMF into a global financial dictatorship.

President-elect Obama doesn’t have a good economic record to date—the only action he has taken on the crisis has been to threaten his fellow Congressional Democrats to drop their opposition to Wall Street’s demand for the disastrous $840 billion bail-out last month.

Obama has a choice: continue Bush’s policy of propping up Wall Street and the City of London, or go with LaRouche’s New Bretton Woods.