What if money as such disappeared? We’re on the verge of a general economic breakdown crisis and it’s in process now in the Eurozone and America.
Excerpts from Lyndon LaRouche discussion June 16, 2012 on the impending world economic collapse.
Hold on to your hats, we’re going to have a rough ride. There is no security. You’re in an area of complete uncertainty.
You don’t know what’s going on. Act on whats the right thing to do. That’s all you have. If Holder tells the truth, Obama is likely finished.
The likely event is the system is going to break down. It won’t be a pretty sight. Under present trends, there is no chance of survival.
You cannot save the American economy without a National Credit System. A credit system is the only thing that will win the situation. We have options if we assert them.
“ We’re just printing money. The Federal Reserve is now I’m estimating a Trillion and a half dollars [$1,500,000,000,000] in credit to the EU [European Union].
This propping up of Greece is a farce. Greece is going to default, it’s going to further default, Italy and a whole series of other countries in the EU.
The United States housing market is headed for worse than depression levels. Real unemployment, if you measured it accurately would be more like 22 or 25%.
The number of people on dependency of the Federal Government: food stamps, unemployment insurance, you name it is growing everyday.
We’re not going to create any jobs in an economy where government regulations are so tight.
We’re on a straight slide down in to a continuing global depression that will make the 30’s look like a picnic.” – Dr. Jerome Corsi, PhD Harvard
Wall St. banks WMFD weapons of mass financial destruction to the poor while the rich get richer.
The loss of America’s AAA credit score has sparked panicked sell-offs on global markets. French banks are loaded with toxic derivatives and hedge funds are attacking them. Societe Generale is an insolvent institution, so is BNP.
By downgrading you create volatility. Volatility is the goal.That is making the 1% in New York and London very, very rich. That is the goal, milk the system and extract wealth.
“ This is part of a new era on Wall St. where they go after sovereign debt. The hedge funds and the ratings agencies and Wall St. banks work together now to destabilize the sovereign debt of countries.
You have to understand. This is a war. This is WW3. This is the new war using financial derivatives.” – Max Keiser
Wall Street bankers are using WMFD weapons of mass financial destruction on the masses while they get rich in the process.
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