... so, it won't do anything, or enough, to prevent it.  The "auto industry," as LaRouche has explained, represents the last vestiges of America's once-mighty industrial economy, and its machine-tool capability to manufacture our way our of real-economic implosion.  At some point, we will not be ABLE, regardless of what we do, to prevent a collapse of the real economy, and it is to that end that our "representatives" are dutifully working, using pathetic excuses such as their faith in the "free market" to solve all economic problems.  It wasn't long ago, however, that the Big 3 chairmen now being thrown under the bus to protect Felix "the rat" Rohatyn (Synarchist financier, political puppet-master) were considered to be the epitome of "the free market."

LaRouche's solution is to give the Big 3 contracts to manufacture what the economy really needs, such as nuclear power plant and railroad components, and issue sufficient credit to cover the cost.  But we COULDN'T do that, because it has been labeled "socialism" by right-wing (fascist sympathizers) talk-show parrots.  The fact that this approach is the essence of the American System (which is based on the General Welfare clause of the Preamble of the Constitution), and that it works very well, doesn't matter to these "purists," whose actual, treasonous motives will soon be seen as America degenerates into something resembling Bush's "catastrophic success" in Iraq - with no Rapture in sight.

Posted by fakeapoc at 8:29 AM EST

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When, in the near future, the next leg of the financial/economic collapse hits the fan, Congress would do well to remember that "the experts," as of November 19th, had claimed to have "stabilized the financial crisis."

Perhaps then Congress will realize their actual, dark meaning: that they are intentionally causing the crisis with their "bail out" of a bottomless financial boat.

Posted by fakeapoc at 9:08 AM EST

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Precisely as LaRouche has been warning, Obama is already showing his true Synarchist-puppet stripes, as indicated by a key appointment to his transition team.

Posted by fakeapoc at 10:04 PM EST

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Fresh from a "catastrophic success" in Iraq, Bush now seeks to repeat a similar or worse catastrophe globally, using "free trade" as his weapon.  He, a known war criminal, has the gall to "warn" us of the "dangers" of "protectionism," i.e. the American System of Political Economy.  It's as I've said for years: the British and their stooges have militarily targeted those who would have survived the financial collapse, and now that that's accomplished, they have no more use for us, and it's our turn to go to Hades, with Bush acting as Satan's usher, disguised alternately as an expert in the subject matter of his latest script, or as a clown.  Rare glimpses of him without these masks, however, reveal a darkness which few can imagine: a monster fully prepared to kill the majority of mankind by lying us into various catastrophes.

His latest script calls for him to denigrate "protectionism," which is in fact what made this country great, despite the lies of British economist-parrots to the contrary.  The British have been waging economic warfare on us since colonial days, and this became known as "free trade" when Adam Smith, one of the original British economist-puppets, put his name on a collection of lies and cynically dubbed it The Wealth of Nations.  (If truthful, the book would have admitted that it considers land, raw materials and slave labor to be the wealth of nations, and that it properly belongs to the feudal aristocracy.)  The Founders and our greatest Presidents knew this, and did what the British regard as evil: they fought back with "protectionism" and "collectivism."  Smith's collection of lies is what Bush means by "free market principles," a phrase he uses to give the impression that it's good because principles are supposedly inherently good.  It should be clear to everyone by now, after Bush's years of enabling/protecting extreme SRA/Satanism in the guise of a war on terrorism, that his principles, including "free market principles," are evil, regardless of how sincerely he lies or how many crocodile tears he sheds.

Posted by fakeapoc at 12:28 PM EST

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I can't keep up with the torrent of economic BS spewing from the Establishment media lately, so I just pick a juicy bit once in a while and point out its flaws.  One of the more glaring ones I've seen recently is from Dubya, whose grandfather was part of the fascist conspiracy that put Hitler in power and tried to impose fascism in the US when the Depression hit.   Bush: Credit thaw 'going to take awhile'  contains this glaring contradiction:

WASHINGTON – The government's drastic economic rescue efforts will eventually pay off, President Bush insisted Friday, offering calming words to anxious Americans but no suggestion of a quick revival as Wall Street braced for another wild day.

The economy didn't falter overnight, "and it's going to take a while for the credit system to thaw," Bush said just before the markets opened, speaking across a park from the White House at the U.S. Chamber of Commerce building, a symbolic headquarters of American business.

[end of excerpt]

But just a few weeks ago, Bush and "the experts" were telling us that they didn't have any warning that such a crisis was upon us, when in fact, Bush's more recent, careless remark is closer to the truth, which is that they've been covering up the extent of the deliberately-created crisis for years or decades, and only began mentioning it in public when they wanted to stampede us into a "solution" which is actually the final phase of their war on the economy.  This remark actually amounts to "trust us until we can put the final few nails in the global economy's coffin."  For a trustworthy perspective on the state of the economy, and real solutions to the crisis, see LaRouchePAC.com. 

Posted by fakeapoc at 8:11 PM EDT

Updated: Friday, October 17, 2008 8:23 PM EDT

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"The chairman of the Federal Reserve, Ben S. Bernanke, warned on Wednesday that the American economy was headed toward an extended period of difficulty, despite worldwide efforts to stabilize the financial markets."

from Bernanke Says Bailout Will Need Time to Work  

"In fact, it will get to the point where most of Earth's population will die before things start to improve."

Even that would be optimistic, if we let them have their way.  As Orwell put it in 1984, their vision of the future can be summed up as "a boot stamping on a human face, forever."  But in order to achieve this evil goal, Bernanke and his ilk must stay ahead of "the curve" of the collapse in order to retain some credibility, at least until they've blown out all the support columns of the economy and it cannot possibly be revived, at which point Bernake will, like Cheney, head to his bunker and gloat over having helped to create a global killing field.  (Shortly after which, Cheney will be heard saying "whadya mean, they don't make the batteries I need anymore?")

In the same article, Bernanke is quoted as having said that inflation isn't a concern, so remember that a few weeks from now, when Bernanke will be telling us that inflation is a "minor" concern, followed a few weeks later by "significant," followed by "I'm outta here."

Posted by fakeapoc at 8:33 PM EDT

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from Columnist Paul Krugman wins Nobel economics prize:

Commenting on the global economic meltdown, Krugman told a news conference in Stockholm by telephone from the United States that some of his research was linked to currency crises and related issues.

"This is terrifying," he said, comparing it to the financial crisis that gripped Asia in the 1990s. "I had never thought that in my lifetime I would see anything that resembles the Great Depression, but this in fact does."

[end of excerpt]

Contrast this with LaRouche's decades-long warning that the crash would occur if "free trade" weren't abolished.  Even with these warnings, Krugman claims to have been taken by surprise.  Sounds to me that certain people, with Krugman's help, are just trying to pretend that LaRouche doesn't exist - a variant on the oft-heard claims that "nobody saw this coming" and "there is no magic bullet."  There is in fact a solution, and it's called the American System, based on the General Welfare clause of the Constitution, NATIONAL banking (not British-controlled central banking), competition in the realm of ideas, and cooperation on a vast scale in the realm of production.  If Krugman doesn't finally use his fame to push this system, or at least some aspects of it, he'll dig himself quite a deep grave.

Posted by fakeapoc at 10:24 AM EDT

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If you aren't familiar with financial derivatives and their significance to the economy, I highly recommend Derivatives or Civilization, Take Your Pick.  It really drives home the sheer insanity of trying to bail out bankers who have resorted to this form of "investment," and the sheer evil of those (such as honorary British knight Alan Greenspan) who defended derivatives and those who advocate bailing them out, knowing how insane it is and what effect it will have.

Posted by fakeapoc at 11:19 PM EDT

Updated: Thursday, October 9, 2008 11:23 PM EDT

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So, let me see if I got this right:  we have to pay trillions to bankers who have shown criminal stupidity (at best) in their loaning policies, in order to get them to loan some of it back - maybe.  Sounds like a bad bet to me.

Why not let them suffer the consequences of their stupidity, as they insist we do for our stupidity (i.e. trusting them) while protecting the necessary functions of the banking system, and loan trillions to ourselves for infrastructure projects which would create vast numbers of good, productive jobs?  If you agree, you're a "LaRouchie" and should support him!  The window on the opportunity to save civilization is closing fast, so don't dawdle.

Posted by fakeapoc at 8:52 PM EDT

Updated: Tuesday, October 7, 2008 8:55 PM EDT

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EIR's financial specialist John Hoefle has a knack for writing articles that put the big economic picture in terms most people can understand.  His recent article about the Great Bailout, entitled The Biggest Swindle Ever Pulled!, cuts through all the smokescreens and distractions being created by the media circus, which is a an integral part of the con-game, and lets us know what's happening, and what should be happening instead.

He points out that merely reshuffling debts cannot solve the problem, because we simply aren't producing what we need, which includes the tools of efficient production.  (Economics can be thought of as a process of determining the best way to provide what we need.) 

It's no accident that we have arrived at this situation - the enemies of mankind have manipulated us into applying frosting (building overpriced "dream homes") on a rotting infrastructure-cake, which is now crumbling under the frosting.  The economy needs to be reorganized to efficiently produce what we need (such as efficient transportation instead of ever more cars on crowded, crumbling strips of asphalt), and will need soon as the infrastructure continues to rot.

Posted by fakeapoc at 8:29 AM EDT

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