Learn the real cause of the financial crisis, and why it ain’t over

In July 2007, a number of Australian superannuation funds covering teachers in Victoria, a children’s hospital charity in Perth and other investors discovered millions of dollars in losses from their exposure to certain hedge funds.

This was one of the first Australian signs of the beginning of the global financial crisis.

Within months dozens of local councils across Australia lost tens of millions of dollars of ratepayers’ funds invested in Lehman Brothers’ Grange Securities.

Through both events, it was clear that Australia was caught up in the chain-reaction financial collapse unfolding in the U.S., which started with the Bear Stearns collapse in July 2007, and spread rapidly into a worldwide economic crisis that reached a crescendo in the jarring crack of September 2008.

The nature of these events was exactly what Lyndon LaRouche had forecast from as early as June 1994, which forecast the CEC had tirelessly echoed in Australia for over a decade.

PM (for now) Julia Gillard attempted to cover up the government’s advanced warnings from the CEC in November 2008, by lying, “No-one 12 months ago was talking about a global financial crisis.”

Now, you, the reader have a decision to make. You are being told, by the media, the major political parties, the Reserve Bank, and most of the “experts”, that the crisis is over, and we in Australia are fine.

But, you are also being told, by the CEC and LaRouche, that the crisis isn’t over, it is systemic, unstoppable under current policy, and set to explode into global hyperinflation.

Why do LaRouche and the CEC say that? What made LaRouche and the CEC right before, when almost everyone else was wrong?

You have to decide if you want to believe the discredited experts, or to find out what LaRouche and the CEC know. To find out, invest some time to watch the latest LPACTV production, The Takedown of Glass-Steagall.

Click here for the 82-minute online video.

The Takedown of Glass-Steagall is the most comprehensive and competent analysis of the cause of the financial crisis that you will see.

Most importantly, by understanding how the crisis came about, you will understand how LaRouche and the CEC know it is far from over, and that it is building towards a global scale version of Weimar Germany’s 1923 hyperinflation explosion.

Most Australians already know through their daily lives that it isn’t true that Australia escaped the economic crisis, but when the money-printing in the U.S. and Europe can no longer paper over the collapse, and the meltdown of those economies overwhelms even the actually productive economies of China and India, the shock Australia will suffer from the collapse of our mining exports to China and the withdrawal of foreign credit will be so great that the September-October 2008 “GFC” will seem like a picnic, and you will know the media, politicians and bankers are liars.

As terrifying as that sounds, it isn’t really, because by understanding the cause of the crisis, you will also understand the real solution, which LaRouche is leading the world to implement: a new Glass-Steagall regulation, a new financial system centred on national banking, and an unprecedented transformation of the world economy and biosphere through grand infrastructure projects beginning with NAWAPA, and supported by long-overdue development projects in other parts of the world, including ideas such as the Bradfield Scheme in northern Australia.

And when you understand the solution, join the fight to get it implemented.