On July 25, 2007, in Washington D.C., Lyndon LaRouche addressed an international web-cast, in which he stated:
"... The world monetary financial system is actually now in the process of disintegrating. There is nothing mysterious about this; I’ve talked about it for some time, it’s been in progress, it’s not abating. What is listed as stock values and market values in the financial markets internationally is bunk! These are purely fictitious beliefs. There is no truth to it; the fakery is enormous. There is no possibility of a non-collapse of the present financial system – none! It is finished, now! The present financial system can not continue to exist under any circumstances, under any Presidency, under any leadership, or any leadership of nations. Only a fundamental and sudden change in the world monetary financial system will prevent a general, immediate chain-reaction type of collapse. At what speed we do not know, but it will go on, and it will be unstoppable! And the longer it goes on before coming to an end, the worse things will get."
Three days after LaRouche’s address, the speculative financial bubble burst, as first seen in the housing market, then, Bear Stearns disappeared, and now, eighteen months later, we are witnessing an escalating, devastating breakdown of the economy, fueled by the bursting of the huge financial speculative bubble. Various news outlets say “nobody knew,” and different silly ‘explanations’ for the causes of the collapse are floating around. Well, one man knew, and has repeatedly, and accurately, issued precise forecasts, and presented solutions to this crisis: Lyndon LaRouche. This is on record.
LaRouche has been right, and it is urgent, that his solutions be carried out in the immediate time ahead, to prevent fascist austerity, social unrest, the disintegration of nations, and the destruction of civilization. It is time for leaders to scrap the last forty years of faulty thinking, and to boldly, calmly and courageously follow LaRouche’s lead for a world-wide, FDR-inspired New Deal. With this, and with the future of coming generations in mind, we are launching this website.
-- On behalf of Chinese EIR (Executive Intelligence Review), Leni Rubinstein
March 10, 2009