Economy

BANKRUPT WALL STREET: Join BRICS & Create New Global Credit System

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from LaRouchePAC.com:

Over the weekend, one outlet for British Imperial policy after another issued hysterical warnings about the global strategic implications of the Greek crisis. The CFR’s Ian Bremmer warned that Greece could well leave the Eurozone and NATO, and instead join the SCO, Russia and China in alternate economic and strategic arrangements – de facto joining the BRICS, although Bremmer doesn’t dare call it that. Daily Telegraph columnist Ambrose Evans-Pritchard warned that the EU chicken game with Greece could totally backfire, leading to “unknown tremors [which] might hit the global payments system. They are playing with fire.” And even the usually sensible Liam Halligan exploded that the new Syriza government in Greece “could take direct control of Greek lenders and write off billions of euros in household loans, destroying bank balance sheets in a frenzy of populist contractual vandalism.”

“But that is sensible; it is exactly what they should do,” Lyndon LaRouche commented today. They should just get rid of these phony debts which don’t exist anyway, LaRouche added. Not just Greece, but all of Europe and the entire trans-Atlantic sector has had debt shoved down their throats which is phony. The entire system is dead, LaRouche stated, in the U.S. as elsewhere, and it simply has to be replaced. Wall Street is dead, so write them off. The entire speculative system centered in the British Empire is dead, and trying to postpone that death won’t work anymore.

Read More @ LaRouchePAC.com

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