LaRouche Addresses Imminent Hyperinflation Threat

November 26, 2008 (LPAC)-- Commenting on yesterday's announcement of a new injection of $800 billion into the banking system, Lyndon LaRouche said today:

"This is going to turn their debts into assets. They're going to take Fed money, deposit it in the system in their name, and they're not going to do any lending. How the hell is that going to stimulate the economy? They don't know how to spell `stimulation.' They really mean to say `suffocation.' What we have here is a lack of understanding of the English language. They should check their dictionaries. What they're really talking about is not `stimulation' but `suffocation' -- $800 billion worth of more suffocation."

"They're going into a hyperinflationary phase now. All of this is preparing for launching into the hyperinflationary phase. They've been holding back on the hyperinflation for a while, by various tricks; now they're coming to the point that they can't get by with that anymore. Now they're going to unleash hyperinflation."

U.S. banks have already put at least $600 billion of the $1.3 trillion in extraordinary Fed lending back on deposit to earn interest, rather than lending it, according to financial commentators. The same process is occurring in Europe where the European Union today announced a $258 billion stimulus package.

Category:

News & Politics

Tags:

• lyndon
• larouche
• larouchpac
• warns
• of
• threat
• hyperinflation
• blowout
• meltdown
• collapse
• economy
• derivatives
• financial

[koyaainoregon]

I really appreciate this video, but let me play devils adovocate about collapse of trade.

1, Is it possible that trade is conducted without letter of credit? any other way to settle?

2. all banks are going to go bankrupt? If one bank survives, is it possible that the bank issue letter of credit for bankrupted one?

[laroucheyouth]

watch?v=avcovjWQqzQ

[diogeneslaertius666]

You can't have a North American Union until you have destroyed the dollar.

You can't have a NWO without a NAU, America is one of the last hurdles they must leap to realize their goal of enslaving the future of our species.

[diogeneslaertius666]

they have sought to crucify humanity on a golden cross and they are well on their way to achieving that goal.

[dannydarias1]

@Armando7654 I agree.. Letters of credit are scary. Who the hell can understand them... lol

[dannydarias1]

Still waiting....

[psyenigma]

Quiet sounded bllox of a video.. . . .make me have to raise my comp vol to listen like these punks did that. Hyperinflated cocksuckers

[themadhatter8888]

Oh finally in this bloody country there is a hope!!!

Someone who really understand the problems of USA and those of the world... yeah there is a hope...if you get the hamburger out of your ass and go support that man:)

He must come to my country to teach 350 idiots in the parlament how to run a country!!!

[bossmanstalian]

This need to go viral.

[bossmanstalian]

GEt em

[Armando7654]

is he saying that manufacturers will not want to send their shipments to purchasers because they (manufacturers) are aware that upon delivery of their shipment to purchasers, a bank even though it might even issued a letter of credit, won't have the founds in its bank to actually back up those letters, that is, to pay the manufacturer for his shipment that letters of credit guarantee to pay?

some scary shit!

[curiousEGM]

Mine too.