- Emphasis mine:
- To Ring in the New Year With a Bang: Wipe Out Wall Street!
The Economist yesterday joined the ranks of those Wall Street and City of London hysterics who are admitting that the trans-Atlantic financial system is bankrupt and about to blow up.
The upcoming January elections in Greece are being widely described as the “Lehman Brothers” and “Bear Stearns” moments for Europe, with the expectation that the ousting of the current Troika-run Greek government will lead to similar anti-euro revolts in Italy, Spain and France.
Across the Atlantic, inside the United States, the continuing crash of oil prices, engineered from London and Riyadh, is providing yet another detonator to an imminent blowout of the entire system, with an expectation of 300,000 jobs being lost if the price collapse continues much longer. These are the mere detonators. The real issue, as emphasized by Lyndon LaRouche repeatedly in recent days, is that the entire Wall Street system is hopelessly bankrupt. It cannot be saved and the problem is compounded by the “fracking idiots” on Wall Street whose stupidity and incompetence cannot be over-estimated or ignored.
It is precisely because we are on the very edge of the total bankruptcy blowout of the system that the war danger–including the danger of thermonuclear war against Russia and China–looms so large and immediate. There is only one reason why the world is on the edge of a war of extinction: Wall Street is finished, bankrupt, kaput. Either we go into a total meltdown of the Wall Street system at some point very soon, or Wall Street and London steer the world into global war. Those are the alternatives if the present system is allowed to persist.
The only viable option is for the whole system to be put through an orderly bankruptcy, starting with Glass-Steagall and the immediate re-establishing of a Hamiltonian system, as spelled out in Lyndon LaRouche’s Four Cardinal Laws. Nothing else works. From the top down, the very survival of mankind hangs on our success in crushing Wall Street and everything that it represents –including the Obama presidency. As LaRouche said in New Year’s Eve comments to colleagues,