LaRouche to Wall Street: "It's your crap; you eat it"
July 23, 2014 • 5:26PM

A leaflet PDF of this statement can be found HERE.

Call it the "Tonkin Gulf Syndrome." First you fabricate a lie about an incident or its authorship to justify military action; then you quickly escalate hostilities; and war is irreversibly underway before anyone has time to think twice about it.

It's what the British Empire did to suck the U.S. into the Vietnam quagmire. It's what Tony Blair pulled off with his "dodgy dossier" about Saddam Hussein's non-existent WMD in Iraq, with George Bush in tow. It's what the British and Obama tried to do again last year with the Syrian government's supposed chemical weapons attack—which was derailed at the eleventh hour by strong opposition from outside and inside the U.S., much of it organized by LaRouche PAC. And it is what the desperate, bankrupt British Empire is once again trying to pull off around the MH17 incident in Ukraine, with a headlong rush towards thermonuclear confrontation between the United States and Russia.

In the last 24 hours, significant obstacles have been thrown up to that British gambit—from U.S. military and intelligence circles opposed to Obama's provocations; from Russian President Putin; and from a deeply-divided Europe, which is dragging its feet on adopting increased sanctions against Russia.

But stalling war, as desirable as it is, does not eliminate the driving force behind the rush to thermonuclear confrontation.

"As long as you go along with Wall Street's fraud, with their demands for payment on dead debt regardless of the cost in human lives, you are walking into a trap," Lyndon LaRouche commented today. "If you denounce their $2 quadrillion in phoney assets as a fraud, then you can bankrupt the British Empire and their Wall Street sidekicks, and also sink their drive for war. It's the only way to break the trap."

"Take the case of Argentina," LaRouche continued. "What the vulture funds are trying to impose on that country, with the backing of Federal Judge Griesa and the Supreme Court of the United States, is a fraud and a crime. The paper that they are trying to enforce is fraudulent and worthless. Argentina can't pay and won't pay—they have no legitimate obligation to do so. All of South America agrees. This is paper that is never going to be paid. There is no possibility that the speculators will be able to recoup. Wall Street and the City of London are just going to have to take the hit."

"So we are sending Wall Street a simple message: It's your crap; you eat it," LaRouche stated.

"Take the related case of Detroit, where that city is also being destroyed by bankers and vulture funds—including some of the very same ones preying on Argentina—trying to collect on worthless assets. That's also a fraud, and should be cancelled. These guys said they had it coming to them; well, they don't have anything coming to them. What they are claiming is a joke; it's finished; it's all over; they are never going to get it. Their claims are worthless," LaRouche said.

LaRouche also pointed to other worthless paper accounts which are destroying the world economy, such as those of commodity speculators. "Look at the grain markets. Look at energy. These guys are also claiming values that don't exist, and they are killing people as a result. In fact," LaRouche added, "we need a general proposal for an agreement among nations, as to what is and what is not real value in the economy. We have to force that issue, if we are going to solve the crisis. Fortunately, the BRICS nations have taken a strong step in that direction at their mid-July summit in Brazil."

With yesterday's decision by Judge Griesa to not grant a stay in the execution of the vulture funds' predatory collection demands on Argentina, that country now faces a July 31 deadline to either pay up, for face default. "That means the fuse is lit," LaRouche said, "both on the Argentina debt bomb, which could detonate the entire international system, and also on the escalating war danger. The time to act is now."