Heavy Discussion In Russia Of LaRouche's Statements on Fed Hyperinflation

Russian websites and Internet forums lit up this weekend and Monday with discussion of Lyndon LaRouche's statements on last week's Federal Reserve move to buy more and more toxic assets, using nothing but the printing press. The dispatch titled "LaRouche Was Right: Fed De Facto Admits the Financial System Is in Terminal Breakdown, but Pushes Weimar Hyperinflation" went out in Russian the night of Aug. 14-15, and was promptly published by Natalia Vitrenko's Progressive Socialist Party of Ukraine, Russian economist Mikhail Khazin's worldcrisis.ru and his personal blog, and dozens of other locations in Russia and Ukraine. Popular economics blogger Alexsword quoted a different LaRouche PAC report, translated directly from the LPAC site: "In discussions Thursday, Lyndon LaRouche emphasized that we have now reached the turning point, which he had forecast for the period of late July to late September and that the U.S. under the current President is plunging into Hell."

Besides the cross-postings, hundreds of Russians joined in discussion of LaRouche's updated assessment, with over 100 entries in Khazin's blog alone. To one participant, who complained that Khazin should not be paying attention to LaRouche because the latter was "an extreme alarmist," Khazin replied, "That doesn't matter. What he says today carries enormous weight." Others cited LaRouche's statements from November 2008, when he warned, already then, that the Paulson Plan for bailout of the derivatives speculators would open the gates to hyperinflation.

Coinciding with this heavy attention to LaRouche's current statements, the LPAC Weekly Report of April 28, in which LaRouche addressed the question "What is Value?", has also just been released with Russian voiceover. Among blog discussions of that video, one participant exclaimed, "At last, somebody speaking openly about those traitors Gorbachov and Chubais! LaRouche should be elected President of Russia."