Sergey Glaziev, Member of the Russian Academy of Sciences and Commissioner for Integration and Macroeconomics of the Eurasian Economic Commission, posted the following short note (machine-translated to English) to his Telegram channel on June 27:
“A quarter of a century ago, the deepest thinker of our time, L. LaRouche, proved the inevitability of the collapse of the Western financial system built on financial pyramids and bubbles, the general write-off of debts and the zeroing of derivatives. He called for the creation of a new financial system to serve the needs of expanded reproduction of the real economy.
“He called for creation of a new financial system as serving needs of expanded reproduction of real economy. Current world monetary and financial system has long been turned by US monetary authorities into financial bubbles and is rapidly collapsing under the weight of imbalances.”
