Crisis Deflation - LaRouche: The Financial System Is Ripe For A Total Blowout

December 23, 2008 (LPAC)--Lyndon LaRouche today forcefully warned that the entire global financial system is "now ripe for a total blowout.'' LaRouche declared, "It could come at any moment now--tomorrow morning, Jan. 2, anytime. The world is as good as dead, in terms of the survival of the nation-state system, unless this situation is corrected immediately, through the steps that I have repeatedly outlined.''

LaRouche noted that the State of California has acknowledged that it has a $43 billion deficit, going into the final week of 2008. "I am not sure that Gov. Arnold Schwarzenegger understands the magnitude of this crisis. But I am certain that his boss, George Shultz, does know how close we are to a total blowout. For people like Shultz and his London friends, this is end game,'' LaRouche continued. "These are malicious characters, who relish the prospect of the entire planet being needlessly plunged into a new dark age."

"It is the point of total breakdown of the entire system. If some significant player in the global financial markets loses his nerve, or if someone goes flight-forward, that alone could trigger the total disintegration. I am talking about the kind of situation--within weeks--where you see a total freeze of economic activity, where you start to see mass deaths on the streets.''

LaRouche explained that "We have reached this point, largely due to the insanity of the general populations of the Americas and Europe. How else could we have reached this type of condition? People are still trying to fit their policy options to conform with popular opinion, and, under these conditions of total breakdown, that is really insane. We are at the boundary condition--the end of the system, and one wrong move can trigger a dark age.''
www.LaRouchePAC.com

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[ANTIDALLARD]

Well, Nothing has happened.

For a sober, thought out viewpoint, check out Roubini. This man predicted the credit crisis in detail, and is now predicting a U shaped recovery starting this year onwards.

Hate to disapoint, but the future is good.

[truthspeaker969]

is larouche the messiah ?

[marc9977]

what a strange posting. Please save civilisation, 16yo girlie! Please.