LaRouche to Australia: Once Obama’s impeached, join in the recovery!

Just as the Greece-focused euro crisis went critical, American statesman and physical economist Lyndon H. LaRouche gave a live, keynote address by telephone on 1^st May to a national activists seminar of the Citizens Electoral Council in Melbourne.

The world’s leading economic forecaster outlined the pathway to global economic recovery through international bankruptcy reorganisation, and a Four Powers alliance among the U.S., Russia, China, and India with sufficient muscle to break the back of the present British imperial “globalist” system. The key to the whole thing, he specified, is the near-term impeachment of U.S. President Barack Obama, to enable the U.S. to take up its indispensable leading role in such a global reorganisation. Surprising many in the audience, LaRouche explained that such an impeachment is growing more likely by the day.

Click here to read a transcript or listen to an audio recording of LaRouche’s remarks.

“This president is now under attack, for offences which are, arguably, well-defined crimes … where because of lies which the president of the United States has been caught red-handed in, major lies, by him personally, this fellow is ready for impeachment.”

“And as we say in the United States”, LaRouche continued, “referring back to the Nixon administration, we often, the way we impeach a president, is not by the crimes which he’s caught red-handed in, but the lies he uses to cover up those crimes. And that’s exactly the situation we have now.”

Obama’s impeachment—or resignation under threat of impeachment—is urgent, said LaRouche, precisely because “the Greek situation is now at the point of crisis which threatens the breakdown of the entire euro system … .”

LaRouche explained Greece could have worked its way through its problems itself, “through a partial bankruptcy of elements of its system”, but instead Lord Jacob Rothschild’s Inter-Alpha gang of banks, in order to protect the much greater debts of the British system, speculated in the Greek debt, and exploded the Greek crisis from a 40 billion euro crisis, to a nearly 300 billion euro crisis, making any bailout virtually impossible.

(LaRouche’s EIR news service has just confirmed that the Greek bailout is in fact a $5 trillion bailout of the entire euro system, which is the amount of seriously-troubled assets of the British, French and German banks exposed to the public and private debt of Portugal, Ireland, Italy, Greece and Spain.)

LaRouche said this point of general breakdown of the system can only be addressed by a global reform of the international financial system, using the U.S. Glass-Steagall standard:

“[I]f we get cooperation between the United States, Russia, China, India, and that means also Japan, and South Korea and so forth, and some other countries, then I think we can launch the initiation of a general reform of the world’s present economic systems, in the form of a Glass-Steagall, fixed-exchange-rate system among nations, as Franklin Roosevelt had intended had he lived, and Truman had not replaced him. That is possible now. As I said before, this is not something by which you’re going to get rich quickly, but there’s a difference between living, and dying. And that’s the difference. If we make this kind of reform, civilisation will live. If we don’t make this kind of reform, civilisation will die.

“And I think that Australia has a very significant place in the process of this revival. Some of the things are obvious to you—you know what the assets are, of Australia, and how these assets would fit into this kind of program [Uranium and thorium resources needed by the developing nations of China and India—Ed.] You know some of the things which were not done in Australia, which should have been done, which under these kinds of circumstances, such as the Snowy River and so forth, could be done, still, which would be the beginning of some very important improvements in the productive powers of labor and conditions of life in Australia. So why not do it? Why not have a great time? You’re not going to get that rich all of a sudden, but you’re going to have a good life, with the sense that your children’s generation have something meaning waiting for them down, say two generations down the line, and a constant improvement in the conditions of life, in the meantime.”

Stay tuned to cec.cecaust.com.au for LaRouche’s upcoming webcast: Sunday 9^th May, 3am live AEST, archived shortly thereafter.