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Lyndon LaRouche has issued a pointed warning: The final collapse of the entire global financial system is just months away, and the window is rapidly closing on the last, best opportunity to avert a global plunge into a Dark Age that will make Europe's plunge in the 14th Century seem mild by comparison.
By LaRouche's estimate, as things stand now, the close of the fiscal year, on Sept. 30, will mark the onset of a full-scale financial crash, by no later than mid-October, once the year-end figures have been presented, and the panic sets in. LaRouche has never been wrong in any of his long-range forecasts, and the last time he gave such a precise date for a financial shock, was in the Summer of 1987, when he warned that the financial bubble was going to burst sometime in October. He was right then, and he is right today.
Recent studies show that 48 U.S. states are fundamentally insolvent. While official unemployment is hovering just below 10%, in some former industrial states, like Michigan and Ohio, the figure is more than double that amount. Only 29% of the currently unemployed are receiving benefits, with 38 states behind, or unable to enroll the newly unemployed—because they have run out of money!
As a growing number of economists are coming to realize, LaRouche has been right: This is not a recession. It is not even a Great Depression. This is the collapse of the entire global dollar-based financial system. The insane policies of both the Bush and Obama administrations have created the greatest financial bubble in history, through the $24 trillion bailout of the banks and insurance companies. We are on the verge of Weimar hyperinflation on a global scale.
Latest Schultz Shock: A leading newsletter paints a grim picture of the future
"Some U.S. embassies worldwide are being advised to purchase massive amounts of local currencies; enough to last them a year. Some embassies are being sent enormous amounts of U.S. cash to purchase currencies from those governments, quietly. But not pound sterling. Inside the State Dept., there is a sense of sadness and foreboding that 'something' is about to happen ... within 180 days, but could be 120-150 days."
U.S. Troops In Homeland “Crowd Control” Patrols From October 1st
U.S. troops returning from duty in Iraq will be carrying out homeland patrols in America from October 1st in complete violation of Posse Comitatus for the purposes of helping with “civil unrest and crowd control” – which could include dealing with unruly Americans after a complete economic collapse.
This shocking admission was calmly reported on September 8th by the Army Times website, which reports that from the beginning of next month the 3rd Infantry Division’s 1st Brigade Combat Team “Will be under the day-to-day control of U.S. Army North, the Army service component of Northern Command, as an on-call federal response force for natural or manmade emergencies and disasters, including terrorist attacks.”
The article notes that the deployment “marks the first time an active unit has been given a dedicated assignment to NorthCom, a joint command established in 2002 to provide command and control for federal homeland defense efforts and coordinate defense support of civil authorities.”
The purpose of the unit’s patrols includes helping “with civil unrest and crowd control or to deal with potentially horrific scenarios such as massive poisoning and chaos in response to a chemical, biological, radiological, nuclear or high-yield explosive, or CBRNE, attack.”