Dec 19 2008
Obama Economic Transition Team
Lyndon LaRouche has recently said in a news conference outside the European Parliament that what should be done now is to cancel all of the “quadrillions of debt” and start over with a new system. This is because, at this moment, the world is facing what could be a Dark Age.
In the 14th century, the House of Bardi collapsed bringing the Dark Ages. His suggestion is that under the US Constitution, it is possible to “take the credit system, linked with the chartered banking system, that is, the regular banking system, put these things into bankruptcy reorganization… It would also mean protection of treaty agreements among governments, to create a fixed-exchange-rate system planet-wide.”
Lyndon LaRouche is one of the foremost Economists in the world and actually bases his work on 19th century Bernhard Riemann’s physics. He says that the present crisis began in 1987 when Alan Greenspan’s policies shifted the US economy into an hyper-inflationary “shock wave,” according to LarouchePAC.
Riemann started from this hypothesis, then refuted it :”Discrete events, and their associated movements, are situated within a Cartesian form of idealized space-time.” He went on to describe his own “revolutionary mathematical principle.” LaRouche claims that the past mathematical and philosophical systems are devoid of the “action of valid discovery of principle.”
In order to prevent this reversal to the Dark Ages, LaRouche called for the FDR approach in focusing on rebuilding infrastructure. Also, he called for the passage of the Home Owners and Bank Protection Act to
stop foreclosures. Additionally, he is calling for “new Bretton Woods System, based on fixed exchange rates, and long-term treaty agreements for large-scale development projects on a global scale.”
LaRouche is a rather controversial figure, as he uses this Riemann physics to model his economic theory; he was also a perennial presidential figure; others have accused him of being a cult leader; and he has served prison time for a conviction of a mail fraud. Whether that was a political “hit” is questionable.
After seeing the Obama appointment of the transition team, and his plans to develop infrastructure and develop jobs to revive the economy, it would appear that the Obama team is using some of LaRouche’s suggestions.
I’ll believe a candidate is for ending our reliance on debt when a candidate calls for the Federal Reserve to a.) have oversight, or b.) be disbanded. Until then I guess I’ll just keep posting Ron Paul videos until people get it.