The LaRouche Plan
The Basement Project
With the two meltdowns (the European banking and monetary system and President Obama's mental state) proceeding at accelerating speed, it is noteworthy that this week is jammed with major events that will make it impossible to dodge the reality that civilization is at a breaking point. Here are the most significant event beginning Sept. 20:
With all the shrieks coming from Europe, don't forget about Bank of America, which could well beat all the European banks to the finish line of official bankruptcy. Bank of America is reportedly considering the "nuclear" option of filing for bankruptcy for its Countrywide unit—for which it conveniently maintained a separate legal identity after its 2008 acquisition.
A high-level meeting of Chinese and Russian nuclear leaders has resulted in an agreement to "develop cooperation" on floating nuclear power plants, according to World Nuclear News.
While Eurozone finance ministers were rejecting US Treasury Secretary Tim Geithner's bullying (and otherwise failing to agree on much of anything), Europe's trade unions were expressing reality outside the building where that meeting was underway, by rejecting all the policies being implemented by those ministers.
In the aftermath of their Polish fiasco, shrieks are coming from the crypt containing the corpse of London's Trans-Atlantic banking system, insisting that "We are not dead," and that all that needs to be done to revive them is to "re-capitalize the banks" without limit.
Barack Obama, the President with "Crazy Eddie" disapproval ratings ("How low can he go?—He's insane!") yesterday demanded that Congress adopt his $4 trillion deficit reduction plan, by passing an additional $3 trillion in cuts.
Greece is entering default, by default, Lyndon LaRouche commented today.
The Sept. 16-17 meeting of European Finance Ministers in Poland failed to agree on Geithner's suicidal plan; failed to agree on a proposed financial transactions task; failed to agree on an ESM deadline; and also failed to agree on the next tranche of funds for bankrupt Greece.
Lyndon LaRouche said today that he knows exactly what is going to happen tomorrow morning, when President Obama delivers his deficit-reduction speech from the Rose Garden.
"He's going to make an ass of himself. In fact, there's a good chance he is going to open his speech by saying: 'My fellow Americans. Let us bray.'"
Evidence that the Earth has dramatically grown in size over the past few hundred million years? A presentation of the clearest cases of intrinsic redshift found in galaxies? Proof of “structured water” forming what might be considered a new state of matter?