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The Economic Past Is Now Behind Us!
Money or Credit?
by Lyndon H. LaRouche, Jr.

August 26, 2010—It has happened as I had forecast it would occur within this relatively narrow interval of time. It occurred during the closing business days of that past week, in a time short of four decades, that since August 1971, when matters have now come to today's narrow, panic-stricken close. The effect has been, essentially, world-wide. This happened inside the U.S.A., because nothing which I had prescribed, as in 2007, since a time when nothing that should have been done by the U.S. government, had been done to prevent this terrible present crisis from happening. The present world monetary system had been poised, until now, to enter a certain kind of hyper-inflationary collapse—unless we acted now to prevent it, a collapse which would amount to an approximation of what had happened to Germany, by itself, back in 1923. At this present time, the threatened effect is not to one nation by itself, as in 1923 Germany; it is world-wide. It is, in fact, a threat which, if now permitted to continue much longer, would mean an accelerating rate of plunge into an early, world-wide collapse, a collapse comparable to, but worse than, the ``New Dark Age'' of Europe's Fourteenth Century. As I had warned in July 2007, that collapse had to be prevented beforehand; whatever the form of prevention which we must take now; no delay is excusable...

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The Anatomy of Russian Capitalism, by Stanislav M. Menshikov
March 23, 2007
—EIR News Service announced the publication of
The Anatomy of Russian Capitalism,
by Professor Stanislav M. Menshikov.

Translated from the Russian by Rachel Douglas, the book is an authoritative study of the Russian economy during the first 15 years after the break-up of the Soviet Union. The Preface, by EIR founder and contributing editor Lyndon LaRouche, titled, "Russia's Next Step," poses the need for U.S. policy-makers to study and grasp the "disease" presented in this book, since it represents "an economic global pandemic which we must all join to defeat."

This Week's Cover

  • The Economic Past Is Now Behind Us!
    Money or Credit?
    by Lyndon H. LaRouche, Jr.

    'The only sane option for a continuation of civilization on our planet, now, would be to abandon a presently, utterly failed, global, monetarist system, and to replace it by a credit system of the form which had been intended by the U.S. Presidency of Franklin Delano Roosevelt. This change, from that monetary system which is now destroying our nation, to enter a physical-economic recovery under a credit-system, demands some crucially significant kinds of urgently needed changes in the economic organization of not only the U.S. economy itself, but the planet considered in the large.'

National


Strategic Studies

  • An Extraordinary International Dialogue with Lyndon LaRouche
    Several months ago, we posted an edited transcript of an April 29 dialogue between Lyndon LaRouche and a group that had gathered in New York to discuss LaRouche's proposed FourPower Agreement and related issues. That group included policymakers, academics from leading American universities, journalists, and representatives from Russia, China, and India. On Aug. 5, that group convened once again, now expanded by many new participants, for what proved to be an equally extraordinary dialogue on economic policy, NAWAPA, and the nature of man.


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