From Volume 4, Issue Number 9 of EIR Online, Published Mar. 1, 2005

This Week You Need To Know

The Great Crash of 2005

by Lyndon LaRouche

Here is Lyndon LaRouche's keynote address at the International Caucus of Labor Committees/Schiller Institute annual Presidents' Day conference on Feb. 20, 2005.

Some people wonder why, at my not-really-venerable age, that I sometimes do the things I do, which they suggest might be left to younger people. And the rude answer I give to that, is, younger people are not qualified to do what I have to do.

Typical is the case, as we went through this last year's convention and what followed up to the present time. We started a campaign, in which we were excluded by the Democratic Party and others from the start. It was highly unlawful on their part, totally undemocratic, in fact, destructive, and corrupt. But I said, "We're going to do it." So some people among us, who unfortunately belong to a slightly younger generation than mine, said, "Let's be practical. Let's not gamble so much on this. Let's be practical. Let's manage things more calmly. Let's not be frantic. Let's not push too hard."

My response is, that we are at the last chance to save civilization from Hell, a last chance which I have been forecasting with accuracy over several decades, and most emphatically, since the period 1968-1971, and there are some alive in this room today, who can remember that. That the system is finished. The United States saved the world, under Roosevelt—otherwise we'd been in Hell a long time ago.

But Franklin Roosevelt saved the world: Franklin Roosevelt went back to the roots of the American System of political-economy, which was the tradition of his ancestor Isaac Roosevelt, the banker of New York, who was an ally of Alexander Hamilton. Roosevelt was a spokesman for the American Revolution and its tradition, and those who attacked him were the enemies of the United States, whether they intended that, or knew that, or not.

Roosevelt saved the United States from becoming fascist. The United States would have become fascist in the middle of the 1930s, but for Franklin Roosevelt's election, and the actions he took, beginning the day he entered office in March of 1933.

He saved the United States. He saved our system. And what he did saved the world from fascist conquest. There are three key points in that fight. One is Winston Churchill—who was not a good person—but he was a greedy person, who did not believe that the British Empire should be turned over to Adolf Hitler. On every other point of importance, he agreed sentimentally and philosophically with Adolf Hitler. He was just a different variety of the same species.

But the first step toward defeating Hitler, otherwise, during the war came when our dear friend Winston Churchill appealed to Franklin Roosevelt in 1940, to enter into a scheme to prevent the British Empire from being taken over by the Nazis, in the case the invasion of Britain by Nazi forces should occur. That agreement was the first step toward the defeat of Nazism. The second step, apart from the entry into the war by the United States, was the defeat of the Nazi forces at Stalingrad in the Soviet Union, and by the Soviet Union, which was done with cooperation and assistance from the United States, at that point. The third thing, which sealed the potential doom of Hitler, was the Battle of Midway, where an American vastly-outnumbered naval force defeated the Japanese Navy. And thus, created a situation in which the United States was the leading factor in a two-front war against the Nazi forces.

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