March 13, 2008 (LPAC)--The report issued today by the President's Working Group on Financial Markets, and Treasury Secretary Henry Paulson's remarks accompanying its release, call to mind a prominent sign at a Houston used-car dealer some years ago, which stated in big, bold letters: "Owner Has Brain Damage." The report is complete bullshit, a piece of propaganda designed to protect the parasites feeding off the corpse of the dead financial system, at the expense of the nation.

"Paulson is fuc*ing incompetent!" observed Lyndon LaRouche in response to the report. "They all are. It must be said directly: they are fuc*ing incompetent!"

The President's Working Group (PWG, aka the Plunge Protection Team, the members of which include the Secretary of the Treasury and the chairmen of the Federal Reserve, the Securities and Exchange Commission and the Commodity Futures Trading Commission), is, in collusion with other major central banks, attempting to hide the collapse of the global financial system through a scheme of government-funded bailouts, and its report is part of the same operation as the recent announcements of $400 billion in interventions from the Fed. The Fed and its central-banking allies are taking in worthless securities as collateral for loans, in effect printing cash to cover the banks' losses. This scheme, LaRouche warned, is hyperinflationary, not sometime down the road, but immediately, by two orders of magnitude within weeks. Paulson and his fellow bankers are following in the footsteps of Alan Greenspan, LaRouche said, continuing to play by the rules of a game which has already self-destructed; they are too stupid to understand that it is their game which is destroying them, and the rest of us. It is time to replace these incompetent fools, before they kill us all.