Europe Announces Bailout: The Desperate Drive for War

Following Thursday’s announcement by European Central Bank head Mario Draghi of a 1.1-trillion-euro hyperinflationary bailout of Europe’s bankrupt financial institutions, Lyndon LaRouche immediately denounced the program as a “total farce” that will only accelerate the final collapse the trans-Atlantic system, anchored in Wall Street and the City of London.

LaRouche reiterated that it is precisely the collapse of Wall Street and London that is driving the world towards thermonuclear Armageddon, as a desperate trans-Atlantic financial oligarchy pushes for war against Russia and China as the only means of retaining political power, as the banking system goes into its final disintegration.

[div:class-“body-quote”]”The quadrillions of dollars in gambling debts built up by Wall Street and its European partners is unpayable, and is headed for a near-term crash,” LaRouche declared. “And Draghi’s efforts to paper over that unavoidable bankruptcy of those gambling debts, through the latest hyperinflationary central bank swindle, will only accelerate the collapse of the real economy of the trans-Atlantic region—and feed the desperate drive for war.”

As Draghi was making his announcement Thursday afternoon, both Russia and China were issuing strongly worded statements attacking President Obama’s Tuesday night State of the Union address, which was nothing short of a declaration of war against Moscow and Beijing. Russian officials have made clear that they understand the US and NATO policy is “regime change against Putin.” The Chinese got the message loud and clear that Obama insisted that he will prevent China from shaping any new trade system in the Asia-Pacific region.

“Only the US can decide the trade relations,”

Obama ranted on Tuesday night.

LaRouche further warned that the Obama Administration is actively preparing for war against Russia. The visit this week to Kiev by Gen. Ben Hodges, commander of the US Army in Europe, was to establish a direct US military presence on the ground in Ukraine—ostensibly to “train” Ukrainian forces to crush the rebellion in the east. American troops are to be dispatched to Ukraine by the spring; and Washington is already providing heavy military equipment to Ukraine, which will be deployed to border areas.

LaRouche was blunt:

“This is a step towards war with Russia, coming from Obama.” He warned that the Russians will not sit back and wait. “This could lead to the thermonuclear obliteration of the United States.”

It is clear that the disintegration of the trans-Atlantic financial situation has reached the point that desperate actions are being taken on many fronts. Pam Martens wrote on Thursday in Wall Street on Parade that the ECB actions must be seen in the context of similar hyperinflationary moves coming out of other quarters as well, with central banks in Japan, Switzerland, Denmark, Turkey, Peru, and Canada all announcing new interest rate cuts or extended QE.

As LaRouche emphasized earlier this week:

“We don’t have much time. You have to realize the time factor is that we’re on the edge of the threat of thermonuclear war. Where does the threat of thermonuclear war come from? It comes from Wall Street, principally. Wall Street is the element inside the United States which is connected to things in Europe and elsewhere which are also the same kind of problem.”

“The gimmick on this thing is, that if, as is intended, by Wall Street and London, they go to thermonuclear war soon, soon,— not down the line, not possibly,—soon. Why is it soon? Because the British and similar forces, have no option. You cannot have a hyperinflationary growth of useless claims to money, which are getting more and more bankrupt. There’s no possible way.

“So, we have to take charge right now. We have to send down Wall Street. We’re going to bankrupt these bastards. How? By declaring the fact that they’re bankrupt. Therefore you have to organize people in the political process, to say, “We’re not going to sustain those debts. Wall Street is going to be written down to what it’s worth.” And the more they examine it, the faster and deeper the problem becomes. Because just thinking about it will make things go worse. And that’s what’s happening. It’s an absolutely hopeless situation.”

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