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Schiller Institute International Conference June 18-19, 2022 There Can Be No Peace Without the Bankruptcy Reorganization of the Dying Trans-Atlantic Financial System

In this year of 2022, the 100th anniversary of Lyndon LaRouche’s birth, it is time to finally recognize the accuracy of his warning over decades: That the continuation of the financial speculation and looting policies of the City of London and Wall Street’s free-trade and floating exchange-rate system, enshrined after August 1971, would necessarily lead to war—and very possibly thermonuclear war—coupled with the drastic collapse of the world’s physical economy and resulting depopulation; the deaths of millions and even billions of human beings through famine and pandemics.

But it is also time to take recourse to the policy solutions provided by Lyndon LaRouche, to bring about the successful bankruptcy reorganization of that dying system, and replace it with a new international security and development architecture built on the same philosophical cornerstone of statecraft which gave rise to the Peace of Westphalia in 1648.

On the danger of nuclear war, the spokesmen for the bankrupt trans-Atlantic system have been explicit about their intention to goad Russia to the very brink, in the hope of getting Russia to back down and submit to the unipolar empire. Malcolm Chalmers, Deputy Director General of the Royal United Services Institute (RUSI), the central policy-planning think tank of the British Empire since its founding in 1831, stated openly that the British were in the process of “boiling the Russian frog,” and were intent on provoking a Crimean Missile Crisis to force Russia to strategically capitulate.

On the matter of physical economic collapse, the Federal Reserve Bank has led a worldwide frenzy of Quantitative Easing which has unleashed galloping hyperinflation, now spreading from the $1.9 quadrillion in unpayable derivatives and other financial assets into the producer and consumer goods sectors of the economy. As a result, there are drastic and growing shortages in food, energy, and other goods essential for human survival. Up to 2 billion out of the nearly 8 billion people on this planet are facing food insecurity this year which, if not urgently reversed, will rapidly become hunger and then starvation for up to one quarter of humanity. While the sanctions imposed on Russia and the impact of the war in Ukraine have aggravated the crisis, especially in regard to food and energy supply, the notion that the economic breakdown crisis has been caused by the war, simply ignores reality. Ending the war will not end the systemic breakdown of the entire western financial system.

There is little question that there is a brewing world-wide revolt against these economic conditions and the associated war danger. Most of the nations of Africa, Ibero-America and Asia have refused to go along with the suicidal sanctions policy against Russia, and even the European Union is fissuring, incapable of reaching a consensus view on the matter.

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