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PRESS RELEASE


Urgent Call to G20 Governments:
Remove Malloch-Brown from the London G20 Financial Conference Proceedings

March 16, 2009 (EIRNS)—The following call for the removal of Lord Mark Malloch-Brown from the proceedings of the G20 financial conference, was released today:

It is with great concern that we, the leaders of the political movements associated with Lyndon H. LaRouche, address this urgent call to the governments of the G20, and in particular to the new U.S. President, Barack Obama.

Merely 20 days away from the G20 London Summit, which was to follow with deeds the principles adopted at the first G20 meeting on Nov. 15, 2008, where do we stand today? The heads of state had committed themselves then to go beyond measures taken to "support the global economy and stabilize the financial markets" and lay "the foundation for reform to help ensure that a global crisis, such as this one, does not happen again."

The final communique, of the March 1 G20 Finance Ministers meeting in Horsham, convened to prepare the London summit, fails to address, however, the urgent task of initiating bankruptcy reorganization procedures against the trillions and quadrillions of toxic assets, without which the economy will never recover. Nor was there a broader discussion on the type of New Bretton Woods system that must replace this failed one. The Finance ministers maintained their commitment to the disastrous policies aimed at saving this bankrupt system through further bail-outs increasing the IMF resources—and stimulus packages carried out through hyperinflationary monetary expansion.

However, it is the decision by the British government, to put Lord Mark Malloch-Brown, Minister of State of Britain's Foreign and Commonwealth Office, in charge of the organization of the London G20 summit, which totally discredits that summit and can only be construed as an attempt to sabotage any serious effort to replace this bankrupt order of financial speculation by a new world order of justice and physical economic growth for all the planet.

We the undersigned, whose warnings of the coming collapse of the system, and in favor of a New Bretton Woods in the tradition of Franklin Delano Roosevelt, go back to the early 1990s, long before anyone else's, declare that the designation of a man, Malloch-Brown, whose entire career has been made by arch-speculator George Soros, is an outrage to all members of the G20. A front man for major interests of the City of London and of Wall Street, Soros is the epitome of what went wrong. In 1992 and 1993, it was he who led the speculative drive against the Pound Sterling, the Franc, and the Lira, which broke up the European Monetary System. In 1997, he provoked the Asian financial crisis by speculating against the baht and the ringgit. Soros is also leading a major international effort to legalize drugs, at a moment when, as Antonio Maria Costa, director of the UN Office on Drugs and Crime, recently denounced, financiers in distress have begun to draw on drug money in order to survive. Beyond that, he is well known for organizing campaigns for "regime change" in countries not under the domination of the City of London and Wall Street oligarchies, including members of the G20.

Mark Malloch-Brown and George Soros have been close collaborators since the early 1990s. Living in New York as vice president of the World Bank, Soros had a villa rented for Brown, next to his own. In 2004, both coordinated aid for Saakashvili's Rose revolution in Georgia. In May 2007, Malloch-Brown became vice president of Soros's Quantum Fund, and of his Open Society Institute, the true center for the Soros Foundations, which operate in 60 countries! Even though Lord Malloch Brown resigned from his positions with Soros when he joined the government in 2007, we cannot entrust the reform of a system whose bankruptcy is threatening the lives of perhaps billions of people, to the former vice-president of a fund based in the Netherland Antilles, whose speculative profits grew by 4,200% between 1973 and 1980, or to anybody with a similar profile. We therefore demand that, in proof of its good faith, the British government and other officials of the G20 replace the present organizer of the G20.

In 1933, Franklin Delano Roosevelt, who was fighting the disasters of a depression provoked by what he correctly perceived as British-style finance capital, boycotted the world conference in London, where the City's financiers were counting on U.S. dollars to bail out their banks. Leaders of the G20, determined to proceed with a real reform of the system, would be well advised to either "go fishing," as FDR did, or preferably to organize another summit where a real reform can be worked out.

The undersigned: