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Volume 35, Number 30, August 1, 2008

Cover of EIR Volume 35, Number 30, August 1, 2008

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LaRouche Webcast: Still Not Too Late for You  

by Lyndon H. LaRouche, Jr.

Lyndon LaRouche declared, in a webcast one year ago, that the collapse of the global financial system was not “about to occur,” but was, in fact, ongoing. Now, a year later, he told a Washington webcast audience on July 22 that we are not facing a depression, but a general breakdown crisis. He emphasized that “the present international monetary-financial system will die, and will never recover. This system is finished,” and “the only possibility that exists now, is to create a replacement system, based on the principles of the founding of the U.S. economic system, with the founding of the actual Constitutional government, as defined under, particularly, Alexander Hamilton.” LaRouche called for three specific remedies, which are not cures to the problem, but without which “there’s no future for the United States and no future for the world.” We publish the full text of the webcast, including the extensive discussion period.

Economics

The U.S. Is Running Out of Time To Save Itself  

by John Hoefle

Bank stocks are plunging as the banks continue to report losses at rates which are both astonishingly high, and yet fall well short of the truth. While these stock declines do not directly impact the balance sheets of the banks, they do serve as a warning that the banks are severely wounded, with more trouble expected.

Geneva Trade Talks: WTO’s ‘Ship of Fools’  

by Karel Vereycken

UN Session on Food: No Solutions Offered  

by Leni Rubinstein

Purdue Economists Detail World Food Shortages, Biofuels’ Impact, High Prices  

by Marcia Merry Baker

What’s Driving Food Prices? a report by the Illinois-based Farm Foundation, was released on July 23. It was prepared by three economists from Purdue University.

Gore’s Solar Proposal: How It Kills: Some Elementary Facts  

by Laurence Hecht

International

British Unleash Ergenekon To Destroy Turkey and Its Peace Role  

by Dean Andromidas

The Ergenekon, a criminal network with links both to NATO and state security services and to terrorist, assassination, and criminal networks, had planned a “strategy of tension,” aimed at paving the way for a military coup against the government of Prime Minister Recep Tayyip Erdogan. Behind these moves are British efforts to launch another Southwest Asian war.

PKK Terrorists Named ‘Drug Kingpins’; Nations Move Against Narcoterrorism  

by Michele Steinberg

The Kurdistan Workers Party (PKK) is a British-protected separatist outfit based in Turkey, a drug-funded “narcoterrorist” army, whose only purpose is to destroy the nation-states of Southwest Asia.

Obama the Soufflé—or the Gullibility of the German Masses  

by Helga Zepp-LaRouche

Helga Zepp-LaRouche writes that Barack Obama’s speech in Berlin showed him not only to be of little substance, but to have policies nearly indistinguishable from those of the Bush-Cheney Administration. But even more disquieting, is the German masses’ continued susceptibility to “charismatic leaders.”

Sanctions, Foreign Prosecutions Aimed To Sabotage African Crisis-Resolution  

by Douglas DeGroot

International Intelligence  

National

Youth Regained: Democratic Party Begins To Come Alive  

by Nancy Spannaus

Only by understanding the impact of the LaRouche Youth Movement on the Democratic Party at the July 2004 Democratic National Convention in Boston, can one account for the revolutionary ferment which is erupting in the Party today, in an insurgency against the British-backed attempt to impose an Obama Presidential nomination.

Editorial

An Opportunity Not To Be Missed  

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