The Lead
A Policy for Getting the Elephant Out of The Living Room
by Dennis Small (EIRNS) — Jul. 08, 2026
To date, the implemented “solutions” to the wars in Ukraine and Iran have contained the seeds of their own destruction. Not surprisingly, each theater is rapidly escalating again, each bringing with it the danger of escalating to nuclear war. The NATO meeting in Ankara saw both crises worsen gravely.
But perhaps most dangerous of all, the global economy is heading towards a massive train-wreck collapse, triggered by the skyrocketing price of oil and—more importantly—the sharp shortages of physical supplies of oil, natural gas, and fertilizer which are the result of the NATO wars of aggression in Ukraine and Iran.
As Helga Zepp-LaRouche stated in her weekly webcast, when asked about the resumption of hostilities between the U.S. and Iran: “I think it’s a very serious matter, because even if that would not have occurred, the impact on the world economy and fertilizer and food production and so forth was already severe. But now with the prospect that the MOU may be over, then we are in for a war of attrition, which could go on for a long time and the Strait of Hormuz would be in jeopardy. The consequences for the world economy are potentially devastating, not to mention the international financial system, which could blow up as a result.”
That systemic breakdown of the trans-Atlantic financial system, with its $2.4 quadrillion speculative bubble, is the elephant in the living room that few are willing to even admit exists. And yet, if it is not addressed and overcome with a new global financial system centered on production, it will continue to provoke war after war, wave after wave of desperate migrants, epidemic after epidemic, and bankruptcy after bankruptcy.
The solution is radical, but readily at hand, as those familiar with the work of Lyndon LaRouche over 50 years are well aware. It requires the like-it-or-not bankruptcy reorganization of the entire trans-Atlantic financial system—in other words, get the elephant the hell out of the living room!—in order to reestablish American System credit policies to foster high-tech industrial development. This approach was elaborated in great historical detail at the July 5 campaign meeting of U.S. presidential candidate and long-time LaRouche associate Diane Sare, “America 250: A Rededication.”
That same LaRouche methodology, of bringing about peace among warring parties through development that benefits them all, will also be applied to the seemingly intractable problem of mass migration: On July 31, EIR will hold an Emergency Roundtable discussion headlined “Solve the Immigration Crisis with Development; What You Need to Know About the Strategic Significance of Pope Leo’s Encyclical.” As Helga Zepp-LaRouche stated in a June 17 webcast:
“The continent of Africa will have 2.5 billion people by the year 2050. And that means that if you want to deal with the migration crisis in a human way, we have to create 1 billion new productive jobs in the next 25 years. And that would be a totally welcomed reversal of the present policy.”
Contents
Strategic War Danger
- Trump Declares Iran MOU a Dead Letter; Resumes Strikes on Iran (↓)
- Anchorage in Rear-View Mirror, as Trump Okays Patriot Missile Production in Ukraine (↓)
- London Behind Stepped-Up Ukrainian Strikes Deep Into Russia (↓)
- Kremlin Spokesman Peskov: Russia Is Too Big and Responsible to Start WWIII (↓)
- Finland’s Stubb Endorses Deep Strikes Against Russia (↓)
- Millions in Iraq Mourn Khamenei (↓)
- Peskov Warns Baltic Nations About Hosting Nuclear Weapons (↓)
- New Round of Joint China-Russia Naval Exercises Are Underway (↓)
U.S. and Canada
Collapsing Imperial System
Harley Schlanger Update
Watch The Daily Update with Harley Schlanger, a short video update available every weekday morning from The LaRouche Organization.
