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Executive Intelligence Review, Volume 27, Number 46, November

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Executive Intelligence Review, Volume 27, Number 46, November EIR Founder and Contributing Editor: Lyndon H. LaRouche, Jr. Editorial Board: Lyndon H. LaRouche, Jr., Muriel Mirak-Weissbach, Antony Papert, Gerald From the Associate Editor Rose, Dennis Small, Edward Spannaus, Nancy Spannaus, Jeffrey Steinberg, William Wertz Editor: Paul Gallagher Associate Editors: Ronald Kokinda, Susan Welsh s there a political solution for the world at this advanced stage of Managing Editor: John Sigerson ‘I Science Editor: Marjorie Mazel Hecht onrushing, global economic and related crises?” That is the question Special Projects: Mark Burdman that Lyndon H. LaRouche, Jr. addressed, and answered, in an historic Book Editor: Katherine Notley Photo Editor: Stuart Lewis speech to a Washington, D.C. EIR seminar on Nov. 14. The full text Circulation Manager: Stanley Ezrol is published in this issue, beginning on page 48. INTELLIGENCE DIRECTORS: EIR’s press release introduced a brief summary of this startling Asia and Africa: Linda de Hoyos Counterintelligence: Jeffrey Steinberg, speech, by asserting that “the election-crisis which has erupted in the Paul Goldstein U.S. now, is to be regarded as a probable act of Providence, in the Economics: Marcia Merry Baker, William Engdahl sense that it compels the U.S., its leading institutions and its citizens, History: Anton Chaitkin including the institution of the Electoral College, to use that crisis Ibero-America: Robyn Quijano, Dennis Small Law: Edward Spannaus itself as the occasion to reexamine the evidence of the sundry qualities Russia and Eastern Europe: of combined fraud and other wrongs against the intent of our Consti- Rachel Douglas United States: Debra Freeman, Suzanne Rose tution which had brought the process of the Presidential election to INTERNATIONAL BUREAUS: that cumulative state of pervasive and systemic corruption which Bogota´: Jose´ Restrepo expressed itself in the circumstances of the Nov. 7 election-crisis.” Bonn: George Gregory, Rainer Apel Buenos Aires: Gerardo Tera´n LaRouche told the audience that he had scheduled the seminar Caracas: David Ramonet for about a week after the election, “because I then knew that the Copenhagen: Poul Rasmussen Houston: Harley Schlanger world would be in the kind of post-election crisis which it’s in now. Lima: Sara Maduen˜o And I wished to leave about a week to pass, before I said what I had Melbourne: Robert Barwick Mexico City: Hugo Lo´pez Ochoa to say on this subject, because I thought it would take a week before Milan: Leonardo Servadio the audience was ready, and had experienced enough frustration over New Delhi: Susan Maitra Paris: Christine Bierre these results, to begin to listen seriously to what I had to say.” Rio de Janeiro: Silvia Palacios At the end of the seminar, when no more questions could be Stockholm: Michael Ericson United Nations, N.Y.C.: Leni Rubinstein answered for lack of time, LaRouche summed up the crafting of his Washington, D.C.: William Jones presentation this way: “I did it, essentially, two weeks ago, with Wiesbaden: Go¨ran Haglund foreknowledge of what this election crisis was going to be, and what EIR (ISSN 0273-6314) is published weekly (50 issues) the implications were. And I put a lot into it, which may become except for the second week of July and the last week of December, by EIR News Service Inc., 317 Pennsylvania obvious to people only after reflection. So, if the bomb explodes in Ave., S.E., 3rd Floor, Washington, DC 20003. (202) 544-7010. For subscriptions: (703) 777-9451, or toll- the middle of your head tonight, and if you realize what I really said, free, 888-EIR-3258. World Wide Web site: http://www.larouchepub.com call up Debbie [Freeman, LaRouche’s spokeswoman], and maybe e-mail: [email protected] she’ll get to me, and I’ll get you the answer.” European Headquarters: Executive Intelligence Review Nachrichtenagentur GmbH, Postfach 2308, The speech demands careful reading and re-reading. A videotape D-65013 Wiesbaden, Bahnstrasse 9-A, D-65205, Wiesbaden, Federal Republic of Germany is also available from EIR for $25, and the audio recording is on the Tel: 49-611-73650. Homepage: http://www.eirna.com E-mail: [email protected] Executive Directors: Anno web at www.larouchepub.com and www.larouchespeaks.com. Get Hellenbroich, Michael Liebig In Denmark: EIR, Post Box 2613, 2100 Copenhagen ØE, your friends and neighbors to read, watch, and listen, and some very Tel. 35-43 60 40 interesting things may start to happen in this country, very soon. In Mexico: EIR, R´ıo Tiber No. 87, 5o piso. Colonia Cuauhte´moc. Me´xico, DF, CP 06500. Tel: 208-3016 y 533- 26-43. Japan subscription sales: O.T.O. Research Corporation, Takeuchi Bldg., 1-34-12 Takatanobaba, Shinjuku-Ku, Tokyo 160. Tel: (03) 3208-7821. Copyright ” 2000 EIR News Service. All rights reserved. Reproduction in whole or in part without permission strictly prohibited. Periodicals postage paid at Washington D.C., and at an additional mailing offices. Domestic subscriptions: 3 months—$125, 6 months—$225, 1 year—$396, Single issue—$10 Postmaster: Send all address changes to EIR, P.O. Box 17390, Washington, D.C. 20041-0390. EIRContents Economics 4 Junk Bond Meltdown May Lead to Market Collapse Cover The highly speculative $670 billion This Week U.S. junk bond market—more than 15% of all corporate bond financing—is on the verge of Lyndon H. meltdown. The seizing-up of this LaRouche, Jr. market, is both a reflection of, and a prime driving force behind, the disintegration of the world financial system. 10 Fed Pumping Billions Per 48 LaRouche Washington Webcast: ‘Now Comes Day as ‘Plunge Protection’ the Aftermath’ for Markets “Two constitutional questions are posed to us at this juncture. Considering the present circumstances, in 11 New EIR Study Presented which this election-crisis has erupted, does the U.S. have at Berlin Seminar both the right, and the obligation, to pause now for calm, sane, and sober reflection, during these weeks the 12 Fox: We Will Strangle Electoral College is being prepared. My reading of Mexico To Pay the Debt the intent of the framers of the U.S. Constitution . indicates that we have not only precisely that right, and 13 IMF Savages Korea, As also that solemn obligation . to use the means which LaRouche Defends It our Constitution has prepared for like contingencies, to ensure the continued existence of our republic according 15 EU Charges Big Tobacco to that solemn, constitutional intent to promote the with Smuggling Conspiracy general welfare, that commitment to the common good, upon which the very existence of our republic was 16 Business Briefs premised.” 57 Questions and Answers 68 The Constitutional Path Out of the Present Crisis 70 Complaints Before OAS: Gore Openly Stole LaRouche’s Vote 73 Vote Fraud: an Endemic Problem in U.S. Elections 75 The Southern Strategy Volume 27, Number 46, November 24, 2000 Feature International National 18 Lawmakers Gather in 38 Russia’s Eurasian 77 Mental Health Rome for Jubilee YearDiplomacy Might Spark Professionals Offer Debt Forgiveness Real Economy Alternative to the Drugging A report by Paolo Raimondi, who The idea that Russia’s engagement of Children participated in the Nov. 4-5 Jubilee in projects for infrastructure and conference in Rome. other real economic development 79 Six States Introduce Anti- on the scale of Eurasia could Drug Legislation 22 Motion: ‘The Foreign Debt provide leverage to shift economic of Poor Countries’ policy as a whole toward real growth, is bringing a ray of hope. Departments 24 Italian Senators Present Documentation: President Putin’s Motion for a ‘New Bretton speech at the Asia-Pacific Economic Cooperation Forum 47 Report from Germany Woods’ (APEC) summit. Nation Is in Domestic Policy Paralysis. 25 Pope Urges Statesmen: 41 The Middle East: Chaos Imitate St. Thomas More and War, or Economic 80 Editorial “Apostolic Letter of Pope John Paul Development The Economy: The Rope in the II, Issued Motu Proprio, House of the Hanged. Proclaiming St. Thomas More as Patron of Statesmen and 44 Leah Rabin’s Agenda of Politicians.” Peace 27 ‘Politics Is To Attain the 45 ‘Leah Rabin Has Died’ Common Good’ By Lyndon H. LaRouche, Jr. “Address of His Holiness Pope John Paul II, to the Jubilee of 46 International Pressure Government Leaders, Members of Mounts Against U.S. Death Parliament and Politicians.” Penalty Germany is suing the United States, 28 The LaRouche Record: A demanding that it pay reparations 25-Year Fight for a New for its “illegal acts” in the 1999 Photo and graphics credits: Cover Economic Order execution of two German nationals, design, Alan Yue. Cover, pages 5, and that it “provide Germany a 19 (LaRouche), 51 (Nixon, Lott), 31 Schiller Institute guarantee of the non-repetition of 53, 64, EIRNS/Stuart Lewis. Pages Organizing Campaign the illegal acts.” 6, 7, 9, 19 (Pope, Fumigalli Carulli), 20, 23, 25, 49, 74 (Ford, Kissinger), EIRNS. Page 11, Neue Solidarita¨t. Page 44, Courtesy of Israel Government Press Office. Page 51 (Ku Klux Klan), Library of Congress Prints and Photographs Division. Page 56 (Bush), George Bush Library, National Archives. Page 58, EIRNS/Joe Jennings. Page 60, Bundesbildstelle/Julia Fassbender. Page 62, White House Photo/Ralph Alswang. Page 66, EIRNS/Christopher Lewis. Page 74 (Carter), White House Photo. EIREconomics Junk Bond Meltdown May Lead to Market Collapse by Richard Freeman The highly speculative $670 billion U.S. junk bond (“high- the Long Term Capital Management (LTCM) hedge fund, yield bond”) market—more than 15% of all corporate bond when Federal Reserve Board Chairman Alan Greenspan, as financing—is on the verge of meltdown. For the past two a leading feature of his bailout of the world financial system, months, the market has had virtually no liquidity.
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