Helga Zepp-LaRouche Addresses German Engineers Association on the Way Out of the Crisis
September 22, 2009 • 12:11PM

Helga Zepp-LaRouche was a featured speaker at the 2009 Workshop of the German Association of Construction Inspection Engineers (BVPI), that took place on Sept. 18 on the North Sea island of Sylt, with 250 attendees. She participated, most appropriately, in a panel discussion on "The Lessons To Be Drawn from the Financial Crisis," along with the President of the Berlin Chamber of Engineers, Dr. Karstedt; the Director of the Liberal Professions Association, Dr. Metzler; and Dr. Marnette, who was Economy and Transport Minister of Schleswig-Holstein until May.

Moderator Mr. Halbach of the television station ZDF, presented Mrs. Zepp-LaRouche as the founder and president of the Schiller Institute and Chancellor candidate of the BüSo, and invited her to make the first opening statement. She gladly did so, stating that this is just not another financial crisis, but a complete breakdown crisis of the world economy. Although other panelists predictably attempted to play down the problem, Helga Zepp-LaRouche argued that no attempt has been made to examine the actual causes of the current crisis, and that the caste of established economists has shown how bankrupt they are. They turned a blind eye, in particular, to the dramatic breakdown of the real economy, which started well before 2007.

No solution is possible, Mrs. Zepp-LaRouche insisted, without eliminating the toxic waste in the financial system. All those totally worthless financial securities must be written off, as any attempt to honor them can only prevent a healthy reconstruction policy, which depends entirely on investments in the real economy. She recalled the experience of the post-war period, when Germany produced an economic miracle that was the envy of the world, by using the instruments of the Credit Bank for Reconstruction (Kreditanstalt für Wiederaufbau, KfW).

Helga Zepp-LaRouche also brought up the situation in the United States, where citizens are revolting against the multi-trillion-dollar bailouts of the banks, at the cost of taxpayers who are being asked to shoulder more and more austerity.

Mr. Halbach asked the BüSo Chancellor candidate about the committee to investigate the banking sector that she is calling for, which gave her a chance to explain in detail how effectively the Pecora Commission had worked under Franklin Roosevelt. Towards the end of the discussion, she challenged the some 250 engineers in the room to think about how to save the precious industrial capacities of the auto industry, by reconverting them for the production of urgent projects both in infrastructure and industry.

The last question for all four panelists was an easy one for Helga Zepp-LaRouche: What is the first thing you would do if you were elected Chancellor of Germany?