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Chapter 4 - The World-Financial Collapse.As mentioned before, the greatest peril that mankind is facing, has not been resolved as of this writing. The collapse of the world-financial system continues. It continues to collapse at an ever-accelerating rate towards a global systemic disintegration. Financial speculation has grown into a devastating giant. The whole of the Western society is reeling under its influence. The nations have become impoverished by it. They have been made poor and impotent by their own love of money. They can certainly see the destruction it causes as social support structures become eliminated, hospitals become closed, research becomes eliminated, the cost of education becomes put on the shoulders of the children themselves, industries become destroyed, food supplies become disrupted, infrastructures become neglected, etc. etc.. Still, they closed their eyes to the effects of this creeping fascism that has been implanted into their own axiomatic reactions, and so they walk by on the other side. At least they have done so until recently. LaRouche's calls for a tax on speculation, that would largely eliminate speculation, have been ignored. Calls for taking the system through an orderly reorganization, in order that development can take place again, have been smothered. His latest initiative, a call for a New Bretton Woods conference, is but spasmodically heeded. His call is presently supported by some of the most severely effected countries, reeling under the IMF austerity dictates. Unless some strong movement begins in this arena that causes a decisive shift from fantasy to reality, mankind will likely loose this final opportunity, also, to re-organize and develop itself. The crisis that mankind is moving towards as its financial system is breaking down, portents to be the potentially worst physical crisis in its entire existence, which will erupt the moment when its world-financial system disintegrates. Against this crisis that mankind is speeding towards at full steam, very little resistance is put up by which it might save itself. Lyndon LaRouche stands once again virtually alone at the leading edge of this front, struggling against the power of the Empire and the global apathy of mankind, hoping that a breakthrough opening somewhere will provide an opportunity for him to shift the tide. Right now, the time to maneuver is running out rapidly. Also the need for LaRouche's exoneration, and that of his associated who are still incarcerated, is becoming of paramount importance. With a criminal conviction hanging over him, no matter how unjust and politically motivated it was, his effectiveness is hampered. In fact, it closes the doors to such places of public service where his involvement in times of a crises might become crucial. Mankind cannot afford to loose this support when it is most needed, nor can the Empire afford to relent from its persecution which is crucial for the success of its games. Right now, the society has chosen to play the Empire's card, with which it is playing against its own most vital interests. What conditions will prevail when a world-wide systemic financial disintegration occurs, in which the banking system disintegrates and money looses its value, cannot be imagined, much less be prepared for. Right now the banks' exposure in derivatives gambling is many times greater than their depositors' equity, and vastly greater than the banks' own equity. Right now the banks reap huge profits from this process, in which they literally bet the bank that the markets don't go against them. But in a breakdown crisis this tends to reverse itself and the banks loose many times what they have. Since the entire financial world is so tightly interlocked with interlocking speculation, and so highly super-inflated in comparison to the real world, the probably is extremely high that the whole thing becomes unhinged simultaneously within a matter of two or three days in which everything related to money looses its value. || - page index - || - chapter index - || - Exit - ||
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