For the past two weeks we have put forward — as an indispensable action to be taken, now, in this economic and cultural crisis — Lyndon and Helga LaRouche’s proposal to save Deutsche Bank from looming bankruptcy, to avoid world war. Because Germany’s economy is the only one with the productive potential to save the wreck of Europe, by linking with China’s great New Silk Road project to develop Eurasia, the Middle East, Africa.
Otherwise there will be war with China, or with Russia. The Obama White House is steadily trying to provoke war confrontations with both Russia and China, and demanding that Europe push those provocations, through NATO. If the terrorist splinters of Obama’s Mideast and Libya wars are bombing Europe into a state of shock, they have his sympathies, as long as they continue to join in military confrontations with Russia and China. Hillary Clinton is just as determined on this war policy.
There is no question, especially after Brexit, that Germany is Europe’s future. But if it is Angela Merkel’s and Wolfgang Schaeuble’s Germany, adulterated with the even more warlike Green Party, there will be world war.
Thus the LaRouches proposed: It must be the Germany of Alfred Herrhausen, the assassinated head of the once-productive but now wretched and criminal giant, Deutsche Bank. Specifically, the Alfred Herrhausen who in 1989 was launching a development bank to lift up Poland and the Soviet East economically as the Soviet Union collapsed — and he was murdered.
Herrhausen’s plan then for Deutsche Bank and Germany, was a paradigm of what Germany can again be, as Europe’s future now.
The trans-Atlantic banking and financial system is falling apart. It is the victim of its own members, the City of London-centered European and Wall Street megabanks, which have crushed the real productive economies underneath them over decades of globalization. The trigger for the imminent crash is not simply Italian banks’ bad loans, or London property funds closing down, or the big German and Swiss banks in trouble, or even the ECB and Federal Reserve’s crazy policies; but the destruction of the productivity of the underlying economies over decades while the casino has boomed on top of them.
If the failing megabanks of Europe are to be recapitalized, they must be made to write off their casinos as total losses, and re-adopt the productive purposes epitomized by Herrhausen’s leadership of Deutsche Bank. Then, national credits can be generated, in the way China alone has done in this century, for the kind of projects which resuscitate the productivity of human beings and economies.
In the two weeks we have put forward this indispensable proposal by LaRouche, there have been important breaks in the United States. The “Saudi chapter” of the story of 9/11 has finally been forced out.
Glass-Steagall restoration has been put into the Presidential platforms of both Democrats and Republicans.
But the way to fight for Glass-Steagall reorganization of the banks, is with the “lever” of LaRouche’s proposal. Then this fight becomes one for a future for Europe and the United States as well.