Aug. 27 (EIRNS)—The G7 nations just put on a dazzling display of their institutional policy bankruptcy at their Aug. 24-26 summit in Biarritz, France, by sidestepping discussion of any of the serious issues facing the planet, and studiously avoiding the single, defining matter before mankind: The irreversible bankruptcy of the entire London-run trans-Atlantic financial system, and the Aug. 22-24 Jackson Hole meeting of central bankers and other financial bigwigs, which called for a “regime change in monetary policy” to try to keep their empire intact.

As Helga Zepp-LaRouche told European associates on Aug. 26: “The real story is that the Jackson Hole meeting declared a regime change in monetary policy and the perspective of ‘helicopter money,’ of basically eliminating the last aspects of sovereignty of governments by giving the authority to the central banks to so-called ‘go direct,’ meaning pumping money both into official state, but also private channels—and naturally, this is also supposed to all finance the Green Deal. This is exactly what Hitler’s central banker Hjalmar Schacht did.”

Zepp-LaRouche went on to remind listeners that Lyndon LaRouche, in a famous December 1971 public debate with the prominent liberal economist Abba Lerner at Queens College in New York City, made mincemeat of Lerner by getting him to admit that he thought Schacht’s policy of opening the floodgates for the financing of the Nazi war machine, was the correct policy—and that if other politicians had only done what Schacht said, Hitler would not have been “necessary.”

What Jackson Hole’s central bankers are proposing, led by the Bank of England’s Mark Carney, is nothing but a new-fangled version of the same Schachtian hyperinflationary bailout of their bankrupt financial system—which has the same political attributes today as it did then: fascism.

Program Details
Topics British Empire, Nuclear War, Bretton Woods
Episode S7E29
Broadcast Week Sep 11th 2019
Duration 00:27:58
Audience Rating TV-G
Genre Variety
Theme Cultural Perspectives
Language English
  On Archive.org

Back to top