Attn: Patriots!: What Must Be Understood

[sbyte]

http://www.larouchepac.com/news/2007/10/23/attn-patriots-what-must-be-understood.html

The present world monetary-financial crisis, is not a U.S. dollar-crisis; it is a breakdown-crisis of the world's present monetary-financial system, a breakdown comparable in essentials to the 1923 collapse of the Weimar Reichsmark, but on a world scale. This present crisis was actually triggered by a recent, lunatic series of actions (concerning both China's currency and Taiwan) conducted against China (despite my repeated warnings to the Senators). That provocation against China was crucial in prompting a very significant July dumping of the U.S. dollar by China and Japan; however, if it had not happened that way, the situation was already rotten-ripe for another event with similar consequences. The world monetary-financial system is, presently, hopelessly doomed. There will never be a recovery — under the present world monetary system — from the on-rolling global financial-breakdown-crisis.

Only the launching of a new world monetary-credit system could halt the breakdown-crisis, and permit the development of a new monetary-credit system which could halt the presently mounting global panic.

Therefore, the crucial point to be made here, is that unless the U.S.A. overturns its present policies, the world-wide monetary-financial collapse entering its concluding phase now, will tend to create a hopeless situation for humanity, globally, for generations still to come. Without the activation of patriotic forces within the U.S.A., to take joint remedial action with some other leading powers of the world, there is no reasonable hope for humanity, globally, for generations still to come.

[rAVES]

1. sounds easy!

now all we need to do is pony up the dept owed.. or is that just wiped clean?

[Old and In the Way]

2. Here's what we need: A universal Reset!

The Financial pinball machine "tilted". Someone (the Queen?) applied a little too much English on the Flappers!

[sbyte]

3. Take a reasonable approach. What Is the greater good?

Do you want a functional "sort it out for the sake of the economy approach" or do you want a "same old same old I don't care about the fate of the world just as long as I get what I was owed" approach?

The first way is to put a hold on some of the more onerous debt piles and sort then out later while trying to keep the structural functional parts of an economy going and begin the rebuilding process. I don't think you can have it both ways.