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Real Crash - by Howard

 
We can avoid nuclear war by putting the financial system into bankruptcy reorganization.Need Glass-Steagall Act, water projects, space program. Need a change to production, the real American System.

Save Us Super Obama Man

Real Crash- Looking at the Financial System and the War Drive:
Super Obama Man?
Super Obama Man?


Yes, if we can survive until the inauguration of Obama, he must save the USA and the world, or allow it to happen. Yes, Obama's resume and campaign did or does have negative aspects, but now he is going to be President, and that is a different proposition. He can get help from the people in the institution of the Presidency. He must deal effectively with the economic collapse if he and his administration are to politically survive.


Obama has some basic advice from LaRouche (link) : Ruthless enforcement against freedom for speculative forms of financial-capital movements is necessary for any nation which intends to outlive the now rapidly approaching general breakdown-collapse of all existing monetarist systems.

Money has no intrinsic value. Note: that means that no handing out of bags of money to the population (tax cuts) or bank bailouts are going to save the nation or help in any way.

That is why all conventional economists have been complete failures in their attempts at long-range statistical-economic forecasting. There is no way that money values could come kinematically into functional correspondence with human values. Forecasting, in which LaRouche has the best record of anyone so engaged, must be approached in terms of physical-capital and science-technological factors, not statistical theories.


Money-values must be regulated within reasonable ranges of estimates; such systems are called protectionist systems. People who think only in terms of buying and selling today, are ignorant of the decisive role of long-term capital improvements in production and basic economic infrastructure.

The word has gotten out in Russia, China and India. Now it must be taken up in the United States. We need a New Bretton Woods. We need to put this bankrupt system into a bankrupctcy reorganization.
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Comments
5 Comments. [ Add A Comment ]
1. December 4th 2008 @ 16:40. S.L. Says:
That's what they should have done instead of the bailout boondoggle, Howard. The airlines that went bankrupt have restructured and survived, the other big businesses could have done so too. Putting the country into a bottomless pit of bailouts and higher taxes won't solve anything. I doubt that B.O. will "get on the scent" and track down a workable solution, since it is right in front of him and he continues to ignore it.
2. December 4th 2008 @ 17:59. Howard Says:
Well it is a bit complicated, since the USA must work with major powers to shut down the financial bubble and peg the other currencies to the dollar again, and have big infrastructure projects.

Also, as I hope I have made clear, the Anglo-Dutch new muted adventure of attacks on Pakistan would be a disaster. We must look at the international controllers of terrorism in places such as the City of London, Dubai in the Persian Gulf, and the drug-money apparatus known as Dope Inc.
3. December 4th 2008 @ 18:02. S.L. Says:
Sure sounds like fun, Howard. Do we get to spend trillions of our tax dollars bailing them out, too?
4. December 4th 2008 @ 18:08. Howard Says:
No, it is just that there are int'l aspects to the bankruptcy reorganization. The USA is based on a credit system, the US Congress and the US Treasury can issue credit for necessary projects, which is not a bailout, it is a credit system for what we need.
5. December 4th 2008 @ 18:19. S.L. Says:
It wouldn't have taken very long for the market to right itself if we'd left it alone. It wouldn't have been fun or easy, Howard, but it would have come around. Now we're deeper in debt and people are lining up left and right to grab more money that we can't afford. FDR mad ethe Depression last longer than it should have and now we've done the same. I don't believe for one second that any of the so-called "loans" will be repaid, do you? The taxes will go up and the national debt will continue to increase as long as there is someone insane enough to continue the bailouts. Chris Dodd is in charge of it, doesn't that tell you something?

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