EDITORIAL

Why the Sudden
Rush to Impeach?
by Tony Papert
Oct. 10—Why the sudden, jumped-up drive to impeach
this President, after years of multi-million-dollar, hostile investigations have all come up empty? Because ofa telephone call? Does anyone really believe that?
The real reason would be obvious if Americans
knew the truth about the world financial system—butthey haven’t caught on to that just yet. Soon they will
know. That coverup can’t last much longer.
The truth is that the failed megabanks of tentwelve years ago, which are fewer and bigger today
thanks to the taxpayer bailout, have now failed again.
The $23 trillion bailout of 2008-09 didn’t work; all ofa sudden it has come unstuck. For almost a month
now, the Federal Reserve has been forced to pump in$50-100 billion of short-term money into the Wall

The Federal Reserve building in Washington, D.C.

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Street banks every business day, and there’s no end insight.
The Fed pumped in $88 billion today alone.
The whores of the financial press claim that no one
knows why this is happening. If you believe that, youprobably believe the story of the telephone call. Thetruth is that there are zombie banks out there on WallStreet. The other bankers know they are effectively insolvent, either in their own right or by way of theirbankrupt customers. Other banks won’t lend to them,and they secretly go to the Fed window, just as in 2008.
The Fed zealously keeps the names secret, as it did
then, because it would be the kiss of death for any ofthem if it came out.
“Astonishingly,” Pam and Russ Martens write todayCC/NCinDC

EIR   October 18, 2019in their public interest website, Wall Street on Parade,“Congress has yet to call a hearing to ask these crucialquestions.” Yes—seems they’re busy with somethingelse. . .
“Let’s say, hypothetically,” they continue, “thatthere is a bank with a large, interconnected footprint on
Wall Street that’s in trouble, and on top of that, there’s
a big hedge fund taking on water and listing on its side.
The New York Fed (one of the 12 regional banks in theFederal Reserve system) in that situation might be expected to call all of the big lenders on Wall Street to asecret meeting at its offices and suggest (much like aconsigliere makes a suggestion) that they bail out theseentities for the good of the markets and financialsystem.”
They go back to autumn evenings of previous years:“Here’s a paragraph from a Wall Street Journal
report dated Sept. 25, 1998:
Meeting Wednesday evening at the headquartersof the New York Federal Reserve Bank, 15 financial institutions agreed to chip in $3.5 billion
to keep alive the Long-Term Capital Management L.P. hedge fund.
They add another Wall Street Journal report of Sept.
13, 2008:
The Federal Reserve Bank of New York held an
emergency meeting Friday night with top WallStreet executives to discuss the future of vener-October 18, 2019

EIRable firm Lehman Brothers Holdings Inc. andthe parlous state of U.S. financial markets.
But yet, contrary to what these flashbacks might
imply, what worked then will not work now—even if
the American people were disposed to tolerate it allover again. As Helga Zepp-LaRouche has stressed repeatedly, the whole medicine-chest has been used
up—$23 trillion in bailouts, quantitative easing(which the Fed has begun again), and zero interestrates—even negative interest rates. Everything has
been tried.
The present case is like that of Edgar Allan Poe’s“M. Valdemar.” The only cure is that of Lyndon LaRouche’s proposals in his Four Laws and his proposalthat the United States, China, Russia and India jointly
initiate a “New Bretton Woods” world credit system
to replace the present bankrupt world monetarysystem.
The real physical economy must be saved, while thefinancial succubus of the City of London and WallStreet is quarantined and put into bankruptcy. There ismuch more to it than that, for which the reader is advised to consult LaRouche’s writings directly.
President Trump is being framed up for impeachment at the direction of the international financieroligarchy and its leader “Mr. Green Finance,” Mark
Carney, Governor of the Bank of England. Why? Because these men fear that President Trump will move inthe direction LaRouche has indicated as the crisis hits
over the coming days.

Why the Sudden Rush to Impeach?

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