The following is from the concluding section of Lyndon LaRouche’s latest report, A Doctrine Concerning Man.
On the surface of economic matters presently, the U.S.A., western and central Europe, and beyond, are presently gripped by the worst hyper-inflationary in known world history. The first remedy to be secured, must be the obliteration of the monstrous and utterly fraudulent hyperinflation of the present financial markets of the trans-Atlantic regions. The hyperinflation must be simply annulled, thus wiping out virtually entirely the greatest mass of fraudulent financial claims ever conceived by mankind. My associate, Dennis Small, has summarized the causes and nature of that fraudulent debt.
The elementary features of the required measures include the simple cancellation of the essentially merely speculative and fraudulent debt of the trans-Atlantic and other merely speculative financial indebtedness. The essential reform required is accomplished by two typical measures required for the United States itself, but also suitable models for the urgent reforms of economies of the Americas and Europe, for example. First, a renewal of the original Glass-Steagall reform instituted under U.S. President Franklin Roosevelt, as augmented by the addition of a Federal credit-system used to fund a continuing upsurge of physical-economic expansion per capita and per square kilometer of territory.
The other elements of debt are simply to be annulled as being fraudulent in their essential nature. A monetarist system must be replaced promptly by a credit system, with strong emphasis on increase of energy-flux density per capita and per square kilometer.
Without those measures’ introduction presently, the greatest mass-death rates ever known will bring on the sudden mass-death rates, if not even the extinction of the human species. We are already, presently, on the brink of such a wave of mass-extinctions of the peoples of the nations. The corrective actions must be taken now. You have already run virtually out of time. My associate Dennis Small has already supplied the most crucial evidence needed for such an emergency action.
Read the whole report here!
editing: jkoulouris
