Bank of England Panics, Wall Street Explodes: Will Trump Listen to the Wise Words of Lyndon LaRouche?

March 12, 2020
President Trump addresses the nation Wednesday night on the status of the COVID-19 pandemic.
President Trump addresses the nation Wednesday night on the status of the COVID-19 pandemic.

UPDATE: The following paragraph was added after the original story was written.

President Donald Trump spoke for ten minutes Wednesday night. All travel from Europe (other than the U.K.) is restricted as of Friday, March 13, 11:59 EDT, for 30 days. The European Union failed to take the immediate measures we did in closing travel with China, and they are paying the consequences. As China and South Korea recover, there will be consideration of lifting restrictions. Nursing homes are encouraged to suspend all non-medically necessary visits. Emergency actions are in the works to provide relief to those who must stay home when ill, or forced off the job. The Small Business Administration will be given $50 billion (pending Congressional approval) for SMEs affected. SBE tax-payment deferrals and payroll tax relief will be proposed to Congress. “This is not a financial crisis,” he said. Our banking system “incredibly strong.”

President Donald Trump addressed the nation Wednesday night, after this report was closed out (see update above). Whether or not he chose to use the power of the Presidency, as designed by America’s Founding Fathers, and as embedded in the post-World War II Defense Production Act, to bypass the corrupt and impotent Congress to declare a national emergency, to unleash a massive infrastructure and industrial expansion policy, may determine the fate of the nation and the world. The takedown of the public health system over the past 50 years, both in the U.S. and in Europe, is now standing naked before world, as the West’s leading nations, including Germany, Italy, France, and the United States, have no capacity to meet the extraordinary health requirements of what has, finally, been declared a pandemic by the World Health Organization.

And it is also now abundantly clear to all but the blind, that the entire industrial capacity—especially the basic infrastructure which sustains that capacity—is so decrepit, that even rebuilding the industrial capacity will take mammoth government interventions, on the scale with which Franklin Roosevelt intervened in 1933. To start, the panicked collapse of the “market”—the Dow was down over 5% yesterday, 20% for the week—can only be resolved in one way—the immediate restoration of Glass-Steagall, ending the speculative hysteria. Then, the President must assert his powers as President to exonerate Lyndon LaRouche, so that the full power of his “Four Laws” can be fully implemented.

With that, the leaders of the great nations of the world—necessarily including Russia, China, India, and the United States—must come together to implement a new Bretton Woods system based upon these Four Laws, freeing the entire world from the bankrupt British imperial system of monetarism governed by Wall Street and the City of London.

Helga Zepp-LaRouche yesterday called on President Trump and NATO to end the insanity of the Europe-Defender 2020 exercises—the largest NATO exercises since the Cold War, openly moving huge numbers of NATO troops and military equipment to the Russian border. Besides the insanity from a strategic standpoint—threatening war between the world’s two largest nuclear-armed powers—it is equally insane to have huge numbers of soldiers moving across Europe as the coronavirus threatens mass death if not contained.

It is a moment of historic consequence. To our advantage as human beings, the population increasingly recognizes that the “rules that be” no longer hold. Many are looking back, asking, “Who has been telling the truth all these years, while the governments and the media and Wall Street lied?” If the institutional leaders continue to be blind to the need for revolutionary change, for a return to “American System” measures of directed credit, and of allowing President Trump to carry out his intention to restore friendly relations with Russia and China, then we must mobilize the citizenry to demand precisely that policy.