LaRouche Hails Stunning Greek Electoral Repudiation of Troika

January 26, 2015

Put more trust in nobility of character than in an oath.Solon of Athens

The results of Sunday's Greek elections, in which Syriza won a near-landslide victory and will form a new government with Independent Greeks and other parties, was a stunning and powerful repudiation of the murderous austerity policies imposed on Greece by the Troika.

Upon being informed of the Greek vote, Lyndon LaRouche called it a "profound victory that can secure a shift in the entire European and trans-Atlantic situation."  LaRouche noted that the outpouring of the Greek people to repudiate the Troika's austerity regime was one of several recent developments that can rapidly bring down the failed euro system altogether.  He cited the recent decision by the Swiss National Bank to decouple the Swiss franc from the euro, which triggered significant derivatives losses by major Wall Street and City of London banks.

LaRouche noted that the Greek vote will have a

"big impact on Germany.  Merkel and company are in a tough situation, pretending to control things in Europe, but in reality, they have no control and the Greek vote proves it.  They will be shaken hard, and will not be able to pretend that the austerity policies are working.

This is great, the enemy of humanity is being damaged and everyone should be happy."

As of midnight Sunday, the final results of the Greek vote showed that Syriza received 36.12 percent of the vote, giving it 149 seats out of 300.  The Independent Greeks received 4.69 percent of the vote, giving them 13 seats. The two parties are expected to form a coalition government with a 162 seat majority.

All of the European finance ministers will be meeting today to decide what to do in the face of the dramatic Greek election results, which further discredit European Central Bank head Mario Draghi's Thursday announcement of a one trillion euro quantitative easing hyper-inflationary bailout of the bankrupt European banks.  Greece's action could very well be the catalyst of a stampede for the door, with Greece, Portugal, Spain, Ireland, and even Italy leaving the euro system to return to sovereign currency and anti-austerity policies.

The implications for Wall Street are equally dramatic.  The hopelessly bankrupt Wall Street banks are reeling from massive derivatives losses, triggered by the Swiss National Bank's sudden ending of the peg to the euro.  Those same banks, along with their City of London counterparts, are holding more than $600 billion in junk bond loans to the shale oil and gas sector, and those debts are about to blow out.  This could very well be the trigger for the disintegration of the entire trans-Atlantic financial system at any moment.

LaRouche has emphasized for the past months that the blowout of Wall Street and London is the single most important factor driving the world to a potential thermonuclear war showdown. Increasingly, more and more sane voices are joining LaRouche in warning of the growing danger of thermonuclear Armageddon.  Over the weekend, leading nuclear disarmament expert Theodore Postol warned about the imminent danger of thermonuclear extinction, and former Senators Sam Nunn and Richard Lugar added their voices to those calling for emergency action to de-escalate the global showdown.

In discussion with colleagues on Sunday, Lyndon LaRouche focused on the urgent measures to be taken to put the Wall Street and London banks through orderly bankruptcy reorganization, starting with the cancellation of all the gambling debts.  He then elaborated on the kinds of Hamiltonian measures that must be immediately implemented to put people back to work in meaningful jobs.

LaRouche explained: 

"The important thing is that what we need is a statement, which is to be a general statement, which is to say that we know now that the Wall Street organization is generally not only bankrupt, but hopelessly bankrupt.  Now, therefore, since the Wall Street money, which is actually now worthless, in fact, is gone, we have to provide a source of credit which will be Federal credit, a lawful creation of Federal credit which will be a fund which can be used by the states and by the national government in order to fund, the creation of new employment.  That's what the issue is.

"Now, the new employment means, employing people in things that they can do, or can be trained to do.  Because you have to have a buffer by which you cannot leave the government and this nation collapsing.  You've got to intervene immediately and say: Okay, we're going to take a debt.  We're going to incur, — as the United States we're going to incur a debt; it's going to be a big debt, it's not going to be excessive, but it's going to be a big debt because we must immediately move to put people to work, and to do similar kinds of things now, immediately. And it has to be done on a credit system, which is a Federal credit system.

"Now, we have some history on this thing, which Bill Clinton can respond to, essentially, at least emotionally, because what happened, then, when Bill Clinton left office, what happened, this bail-out business, this crazy operation took over. And so, for a period of four terms of office of the Presidency, and we have ruined everything.  And it was ruined by the people who tried to change the policy of the United States against what Bill Clinton had been working to do.

"Go back to what Bill Clinton had announced in the summer of the year when the attack on him came [1998], he had a policy, as a policy which he endorsed me for doing, for presenting, and that policy can work.  And it was Bill's idea, of how to organize, because the Russian system was bankrupt, totally bankrupt; and that had an effect upon Europe and everything else, and the idea was to get a recovery program based on the trans- Atlantic region, which would work, to save the economy from what was created by Wall Street at that time.

"And that's what we have to do, we have to do that now. Because we cannot sit there without a program of that type.  This thing is totally bankrupt, entirely, hopelessly bankrupt.  It's going to become worse at an accelerating rate.  We have to have a buffer, a Federal buffer, and the old system of government has to take the responsibility of creating that buffer.  And then, the purpose is to put people to work, in productive work.  And we must have that now."

Just over a year ago, Greek Parliamentarian Panos Kammenos, President of the Independent Hellenes Political Party, visited Washington, D.C. and lobbied members of Congress alongside LaRouchePAC on the need reinstate Glass-Steagall and usher in an FDR recovery for Greece and the rest of the transatlantic. Kammenos' party, the Independent Greeks party, has now joined with Syriza to form a coalition government in Greece.



Serious Voices Warn of Growing Danger of Thermonuclear War

A trio of experts, including two former U.S. Senators, have published serious warnings about the growing danger of thermonuclear war as the Ukraine crisis remains unresolved, and both Russia and the United States modernize their strategic nuclear triad under conditions of great tension.

Ted Postol, a well-known nuclear expert, published a warning in the Sunday Boston Globe under the headline "How a nuclear near-miss in '95 would be a disaster today."  The article cited a 1995 missile test by Norway that the Russians detected as a possible U.S. launch of a high-altitude nuclear detonation to "blind" Russian defenses to a possible U.S. thermonuclear first strike.  Postol noted that, fortunately, in 1995, relations between Washington and Moscow were on a positive enough footing that the Russians took a second look before deciding on whether or not to launch a second strike, which would be the standard response to a genuine thermonuclear threat.  At that time, there were gaps in Russia's radar detection system which was a factor in the near-miss.

Postol noted

"Had the false alert of 1995 occurred instead during a political crisis, Russian nuclear forces might have been launched.  American early warning systems would have immediately detected the launch, and this might then have led to the immediate launch of U.S. forces in response to the Russian launch."

Postol noted that, at the time in 1995, Russian military commanders and top political leaders took a cautious approach. Not so now. 

"In the different political circumstances of 2015, the same cautious assessment of the rocket's trajectory by Russia's political and military leaders might not be possible. Russia has annexed Crimea, interfered in eastern Ukraine, and embarked on a major modernization of its conventional forces. The United States and NATO have responded with sanctions, which, together with the precipitous fall in the price of oil, are destabilizing the Russian economy and threatening President Vladimir Putin's popularity."

Postol then warned that
"On top of this, the relentless modernization of U.S. nuclear forces continues unabated.  The current situation has become so dire that only four days ago the Bulletin of Atomic Scientists decreased the time to Armageddon on their doomsday clock from five minutes to three minutes."

Postol concluded that the United States must curb any foolish decisions that could provoke a full-scale showdown.  He recommended that NATO take a cautious approach to building up military force, drawing a line between deterrence and provocation. 

"Second, the United States should rein in its senseless and dangerous nuclear force modernization efforts. This program creates the appearance that the United States is prepared to fight and win a nuclear war with Russia.  The nuclear deterrent on hand, with minor modifications, is already more than enough.”


Postol concluded by calling for the U.S. and Europeans to share with Russia the specialized satellite sensor technologies that will "correct this dangerous shortfall [in Russia's early warning system] by equaling the nuclear playing field."

Postol's warnings were echoed by former U.S. Senators Sam Nunn (D-Ga.) and Richard Lugar (R-Ind.), who penned a joint op-ed in yesterday's Sunday Washington Post under the headline, "A Nuclear Rift Worth Fixing." The two Senators authored the 1991 Nunn-Lugar Cooperative Threat Reduction Act, which has provided American funds to assist Russia in dismantling and securing its nuclear arsenal and stockpiles of enriched uranium and plutonium for the past 24 years.  In December, the U.S. Congress de-funded the program and in response, Russia, as it had warned, cut off most nuclear security cooperation with the United States.  Nunn and Lugar warned that this is a dangerous situation.

"The world's two largest nuclear powers repeatedly set aside their political differences to cooperate on nuclear security to ensure that terrorists would not be able to detonate a nuclear bomb in New York, Moscow, Paris, Tel Aviv, or elsewhere. Unfortunately, this common-sense cooperation has become the latest casualty of the spiraling crisis in relations among the United States, Europe, and Russia."

After documenting the tremendous accomplishments of the Nunn-Lugar program, the authors called for a new approach—"a real nuclear security partnership guided by the principle of reciprocity and mutual interest."

They concluded with a dire warning:  "Failing to cooperate in this area is a 'lose-lose' proposition that would damage the vital interests of both nations and vastly increase the risk of nuclear terrorism. The US and Russia must recognize the imperative to provide global leadership. The consequences of inaction are simply too great." 

Battle Lines Drawn in Greece: Solon & Hamilton or the British Empire

Greece has elected the first anti-bankers-bailout government in Europe since the European oligarchy launched its nightmare policy of bailing out the banks no matter how many people had to die for it to happen. The question now on everyone's mind is whether Spain, Portugal, or even Italy and Ireland will be far behind. The real issue is that the battle lines have to be drawn: Either the ideas of Solon and Alexander Hamilton triumph, or Europe sinks with the British Empire.

The official election returns from the Interior Ministry in Greece, as of midnight East European Time (23:00 CET; 17:00 EST), show a stunning victory for Syriza and its left-wing anti-austerity policy, with 36.12% of the vote, giving the party 149 of the Greek Parliament's 300 seats (the winner of the election receives 50 extra seats). The Independent Greeks won 4.69% which will give them 13 seats. The next government of Greece will most likely be led by Syriza in a coalition with the Independent Greeks.

In a statement following the release of exit polls showing they would win, Syriza leader Alexis Tsipras declared it

"an historic victory for the Greek people, who have overwhelmingly stood against the austerity, sending a message to Europe which can become the launching pad for changes across Europe. Syriza is assuming the responsibility of forming a government of social salvation in order to implement the Thessaloniki program and negotiate in Europe."

In a statement given after he voted, Panos Kammenos, leader of the Independent Greeks declared that today

"we send a message of hope. It is a day for the Republic, a fateful day for the history of Greece. One day the Greek people decided to reacquire sovereignty, democracy, and the restoration of the Constitution. There is no longer a Greece that will be managed by e-mail. Independent Greeks promised that we are regulators and we are. From tomorrow we will be the guarantors for a course in the country, where all Greeks will be united"

and defend the nation.

Reuters quoted one Antonis Balousis, a 54-year-old butcher, who said:
"This is a very important victory for Greece and Europe. We are going to prove that a different kind of politics is possible in Europe."

The former ruling New Democracy came in second place with 28.08% giving it 77 seats. The fascist Golden Dawn came in third with 17 seats, one less than in the last elections. The fourth party was To Potami, a new countergang party formed to draw votes away from Syriza, with 16 seats. The Communist KKE came next, increasing its number of seats from 12 to 15. Pasok came next, with less than half the votes they had in the last elections and now have 13 seats. No other parties got past the 3% threshold.

Political leaders throughout Europe quickly moved to show their support for Syriza's victory. Katja Kipping, leader of Germany's Die Linke party, hailed Syriza's victory as the "beginning of Europe's spring."

In Spain the leader of the anti-austerity Podemos, Pablo Iglesias, told a rally of supporters yesterday:
"Hope is coming, fear is fleeing. Syriza, Podemos, we will win." Podemos has been leading in opinion polls and could very well win in Spain's municipal and regional elections in May, and general elections in December.

In Ireland, Sinn Féin spokesman Pearse Doherty congratulated Tsipras and gave support for Syriza's call for a European debt conference, saying

"I want to congratulate Mr. Tsipras and his party on this stunning victory, which will bring real change for the people of Greece and brings an opportunity for progressive change in Europe. Syriza has promised to renegotiate Greece's debt if it wins the election and to call for a European Debt Conference, which would be in Ireland's interests also."

Doherty then blasted Prime Minister Enda Kenny:

"Enda Kenny bluntly rejected the idea of a debt conference when asked about it by Gerry Adams in the Dáil [parliament] last week. Ireland should not be dependent on Greece to propose something which is so obviously in our interests. If Enda Kenny and his government are not going to stand up for Irish citizens then they should remove themselves from office and allow the people to elect a new government that will."