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Executive Intelligence Review, Volume 24, Number 48, November

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Executive Intelligence Review, Volume 24, Number 48, November EIR Founder and Contributing Editor: Lyndon H. LaRouche, Jr. Editorial Board: Melvin Klenetsky, Lyndon H. LaRouche, Jr., Antony Papert, Gerald Rose, From the Associate Editor Dennis Small, Edward Spannaus, Nancy Spannaus, Jeffrey Steinberg, Webster Tarpley, William Wertz Associate Editor: Susan Welsh he picture on our cover is an engraving done from Peter Bruegel’s Managing Editors: John Sigerson, T Ronald Kokinda 1563 painting, The Tower of Babel. Babylon, the ancient center of Science Editor: Marjorie Mazel Hecht oligarchism: “Alas, alas, that great city Babylon, that mighty city! Special Projects: Mark Burdman Book Editor: Katherine Notley for in one hour is thy judgment come. And the merchants of the earth Advertising Director: Marsha Freeman shall weep and mourn over her; for no man buyeth their merchandise Circulation Manager: Stanley Ezrol any more” (Revelation 18:10-11). INTELLIGENCE DIRECTORS: Asia and Africa: Linda de Hoyos In his feature article in this issue, Lyndon LaRouche relates the Counterintelligence: Jeffrey Steinberg, centuries-long battle between the “succubus-like system of financier- Paul Goldstein Economics: Marcia Merry Baker, oligarchism” and the republican nation-state. We now find ourselves William Engdahl in the greatest economic and strategic crisis in 500 years, because we History: Anton Chaitkin Ibero-America: Robyn Quijano, Dennis Small have tolerated the feudal relics of financial oligarchy much too long. Law: Edward Spannaus Either we seize the opportunity which this crisis presents, to destroy Russia and Eastern Europe: Rachel Douglas, Konstantin George financier-oligarchism once and for all, or we will indeed have lost the United States: Kathleen Klenetsky moral fitness to survive. INTERNATIONAL BUREAUS: LaRouche’s article is an in-depth elaboration of his Nov. 5 speech Bogota´: Jose´ Restrepo Bonn: George Gregory, Rainer Apel at Bonn-Bad Godesberg, published in last week’s EIR, in which he Buenos Aires: Gerardo Tera´n proved that the current financial breakdown is no “cyclical crisis,” on Caracas: David Ramonet Copenhagen: Poul Rasmussen the model of 1929-31, but is more akin to the trajectory of a comet Houston: Harley Schlanger careening dangerously close to the Sun. Asked about his new article Lima: Sara Maduen˜o Mexico City: Hugo Lo´pez Ochoa in an interview, he said that it “could be one of the most important Milan: Leonardo Servadio documents written in the past decades, on the subject . sort of a New Delhi: Susan Maitra Paris: Christine Bierre summation of my experience and knowledge in this field.” Rio de Janeiro: Silvia Palacios Other articles in this expanded issue complement LaRouche’s Stockholm: Michael Ericson Washington, D.C.: William Jones report. We have a lengthy guest commentary by Prof. V.S. Miasni- Wiesbaden: Go¨ran Haglund kov, of the Russian Academy of Sciences, on “The Economic Situa- EIR (ISSN 0273-6314) is published weekly (50 issues) tion in China and the Perspectives of Cooperation between Russia, except for the second week of July, and the last week of China, and Other States in the Field of Realizing the Project ‘The December by EIR News Service Inc., 317 Pennsylvania Ave., S.E., 2nd Floor, Washington, DC 20003. (202) Eurasian Land-Bridge.’ ” Jonathan Tennenbaum and Mary Burdman 544-7010. For subscriptions: (703) 777-9451. World Wide Web site: http://www.larouchepub.com report on recent diplomacy involving China and other “Land- e-mail: [email protected] European Headquarters: Executive Intelligence Review Bridge” nations. Nachrichtenagentur GmbH, Postfach 2308, D-65013 Wiesbaden, Otto von Guericke Ring 3, D-65205 Of greatest strategic importance, is the ongoing battle against the Wiesbaden, Federal Republic of Germany Tel: (6122) 9160. Homepage: http://www.eirna.com British monarchy and its satraps. In International, we have stories E-mail: [email protected] Executive Directors: Anno Hellenbroich, Michael Liebig on Helga Zepp LaRouche’s visit to Nigeria; the British control of In Denmark: EIR, Post Box 2613, 2100 Copenhagen ØE, international terrorism; updates on the French cover-up of Princess Tel. 35-43 60 40 In Mexico: EIR, R´ıo Tiber No. 87, 5o piso. Colonia Diana’s assassination; an analysis of the French “permanent bureau- Cuauhte´moc. Me´xico, DF, CP 06500. Tel: 208-3016 y 533- 26-43. cracy” perpetrating that cover-up; and a review of recent books on Japan subscription sales: O.T.O. Research Corporation, Diana and the House of Windsor. Takeuchi Bldg., 1-34-12 Takatanobaba, Shinjuku-Ku, Tokyo 160. Tel: (03) 3208-7821. Copyright © 1997 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 Book Reviews Political Economy Economics 81 The immorality of the 38 Russia, China and the 4 Japan’s crisis threatens House of Windsordevelopment of Eurasia global financial crash The Royals, by Kitty Kelley; and, Prof. V.S. Miasnikov, a The worsening of the global Diana: Her True Story—In Her Corresponding Member of the financial crisis in Japan and South Own Words, by Andrew Morton. Russian Academy of Sciences and Korea has brought the world Deputy Director of the Institute of payments system to the brink of a Far Eastern Studies of the Russian systemic crisis like nothing ever Departments Academy of Sciences, analyzes seen before. Russian-Chinese relations and the 91 Report from Rio potential for a “strategic 7 LaRouche’s solutions feted partnership.” More sovereignty ceded to in Arabic daily London’s Indians. The London-based daily Al-Hayat highlights the work of Lyndon 96 Editorial LaRouche to establish a new, just Put global warming on ice! world economic order, based on a Correction: In last week’s issue, New Bretton Woods System and the the caption on p. 71 (“GOP Eurasian Land-Bridge. Promotes Proposals to Lease, Auction Prison Labor”) erred in Photo and graphics credits: Page stating that in today’s privatized 8 Business Briefs 21, EIRNS/Steve Meyer. Pages 27, prison system, a black prisoner in 61, 70, EIRNS/Stuart Lewis. Pages Texas goes for $31 per month, 37, 43, EIRNS/John Sigerson. Page while white prisoners cost $29. This 39, courtesy New Star Publishers. pricing of convict labor is from the Pages 46, 48, courtesy, China early part of this century; it is cited © Pictorial. Page 83, In Her Own favorably in a 1996 report by the Words, by Andrew Morton. Page Mont Pelerinite National Center for 90, Gert Mothes. Policy Analysis, just recently provided to the House Judiciary subcommittee. Volume 24, Number 48, November 28, 1997 Strategic Studies International 60 Helga Zepp LaRouche 77 France: between decadence speaks at Nigerian and hope economic summit By Lyndon H. LaRouche, Jr. The prepared text of the speech Mrs. LaRouche gave in Abuja on 77 Mitterrand’s corrupt Nov. 19, titled “The Success of the legacy against France’s Chinese Economic Reform and Its Fifth Republic Significance for Nigeria: Africa’s Jacques Cheminade addresses why Secret Weapon for Peace!” all governments in France, since at least 1980, have betrayed the 63 England’s ‘Lizard Queen’ sovereignty of their nation-state. Engraving from Peter Bruegel’s 1563 painting, The is the mother of Tower of Babel (detail). international terrorism 90 World’s oldest and At least 22 out of the 30 terrorist foremost boys’ choir to 10 What economics must gangs banned from the U.S. by the perform in Washington, measure State Department have their D.C. Lyndon H. LaRouche, Jr. calls for international headquarters in The famed Thomanerchor of the defeat of financier- London. Leipzig, Germany, which was oligarchism—the legacy of Babylon prohibited from performing in the and Venice. Addressing the current 68 Eurasian-Pacific axis could United States prior to Germany’s world breakdown crisis, he writes: change history reunification, will visit in February. “For thinking people, the most The emergence of the Russia-U.S.- important questions are, ‘Why was China “strategic triangle,” joined by 92 International Intelligence this crisis inevitable? Why is the Japan, must be striking terror into only hope, a ‘new Bretton Woods’ the heart of the British Empire. agreement, ending former U.S. President George Bush’s foolish flirtation with a globalized ‘new 70 Jiang Zemin speaks to world order,’ for a return to the Americans on China’s National United States’ patriotic economic history and culture tradition?’ The only alternative to From President Jiang’s speech at 94 National News despair, lies in returning, at long Harvard University. last, to those ‘anti-globalist,’ protectionist economic policies 75 French cover-up of which shaped all past periods of net Princess Diana’s murder improvement in the prosperity of unravels the United States and all of its people.” 76 French emergency doctor: ‘Make a stink about this’ 34 Parameters of world An emergency medicine specialist financial collapse says the care given Princess Diana, as well as John Doe, is scandalous. EIREconomics Japan’s crisis threatens global financial crash by William Engdahl The worsening of the globalfinancial crisis in Japan and South serves against each $100 in outstanding loans. This 8% Bank Korea in recent days, has brought the world payments system Capital Adequacy rule, agreed on in 1988 to become effective to the brink of a systemic crisis like nothing ever seen before. in 1992, was intended to regulate the most extreme excesses Over the weekend of Nov. 16, feverish behind-the-scenes of speculative bank lending and guard against bank failures. negotiations were ongoing between Washington and Tokyo, The Bank of Japan successfully argued at Basel for an in an attempt to prevent a meltdown of the Japanese stock “exception.” That exception today has returned to haunt BIS market and, with it, the collapse of the Japanese banking sys- central bankers, as the Achilles’ heel of the entire world bank- tem.
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