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The 2018 Branching Point in History SUBSCRIBE TO Executive Intelligence Review EIR EIROnline EIROnline gives subscribers one of the EIR Executive Intelligence Review most valuable publications for policymakers— June 1, 2018 Vol. 45 No. 22 www.larouchepub.com $10.00 the weekly journal that has established Lyndon LaRouche as the most authoritative economic Exxecutiveecutive IIntelligence RevieReview EOctOctoboberer 3311,, 22010144 VVool.l. 44I11 NNoo.. 4433 wwwRwww.la.larrououchecheppuubb.c.coomm $10$10.0.000 forecaster in the world today. Through this publication and the sharp interventions of the LaRoucheLaRouchePPACAC IssuesIssues EmeEmerrgencygency WWarar PlanPlan AgainstAgainst EbolaEbola AsianAsian InvestmentInvestment BankBank WWillill FinanceFinance GGrreateat PPrrojectsojects PutinPutin SpeaksSpeaks thethe TTruthruth aboutabout NNAATOTO WWarar PPrrovocationsovocations LaRouche Movement, we are changing Thehe NeNew Sililk RoRoad:ad: MankMankiind politics worldwide, day by day. 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LaRouche, Jr. , Helga Zepp-LaRouche, Robert Ingraham, Tony Papert, Gerald Rose, Dennis Small, Jeffrey Steinberg, William Wertz Co-Editors: Robert Ingraham, Tony Papert Technology: Marsha Freeman Transcriptions: Katherine Notley Ebooks: Richard Burden Graphics: Alan Yue Photos: Stuart Lewis Circulation Manager: Stanley Ezrol INTELLIGENCE DIRECTORS Economics: Marcia Merry Baker, Paul Gallagher History: Anton Chaitkin Ibero-America: Dennis Small Russia and Eastern Europe: Rachel Douglas United States: Debra Freeman INTERNATIONAL BUREAUS Bogotá: Miriam Redondo Berlin: Rainer Apel The 2018 Copenhagen: Tom Gillesberg Lima: Sara Madueño Melbourne: Robert Barwick Mexico City: Gerardo Castilleja Chávez Branching Point New Delhi: Ramtanu Maitra Paris: Christine Bierre Stockholm: Ulf Sandmark United Nations, N.Y.C.: Leni Rubinstein Washington, D.C.: William Jones in History Wiesbaden: Göran Haglund ON THE WEB e-mail: [email protected] www.larouchepub.com www.executiveintelligencereview.com www.larouchepub.com/eiw Webmaster: John Sigerson Assistant Webmaster: George Hollis Editor, Arabic-language edition: Hussein Askary EIR (ISSN 0273-6314) is published weekly (50 issues), by EIR News Service, Inc., P.O. 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EDITORIAL ECB Stages Coup Against Legitimate Government of Italy, Markets in Despair by Liliana Gorini, Chairwoman of MoviSol, the LaRouche Movement of Italy May 29—In an intervention which violated the most of leaving the Euro. Rather, they demanded a change fundamental rules of democracy and international law, from the failed policy of austerity, which provoked on May 27 the hierarchy of the European Union (EU) “poverty, reduced incomes and inequality” in Italy, in vetoed the “government of change” which was being Professor Savona’s words. formed in Italy, and which had just won a clear parlia- In the days before this unacceptable coup against a mentary majority from the voters. Instead, the EU has legitimate government, a government which had been imposed yet another technocratic government, which awaited with great hope by the Italians, Mattarella was had been ready for months, led by “Mr. Spending apparently often in touch with the head of the European Review,” Carlo Cottarelli, whose only plan is to cut Central Bank (ECB) Mario Draghi, that Mario Draghi the debt, and who has the support only of the Demo- who in 2011 had imposed on Italy the technocratic gov- cratic Party, which lost the legislative elections of ernment of Mario Monti, not elected by any Italian, March 4. along with a letter which dictated the tasks of that gov- This is the most recent example of that “suspension ernment. French President Macron also interfered, by of democracy,” demanded years ago by the EU, when it calling up the new Premier, Giuseppe Conte, before he introduced the balanced budget as the only aim of each was received at the Quirinale Presidential Palace with and every European government, as in the “market- his list of ministers, to ask him to remove Paolo Savona conformed democracy” of Germany’s Angela Merkel. from that list. The next day Macron supported Mat- The most paradoxical aspects, which have no prec- tarella in rejecting Savona. edent in the history of the Italian Republic—a parlia- The “fake news” press which speaks for the City of mentary Republic and not a Presidential one—are the London and the financial lobbies, whose speculation reasons given by the President of the Republic, Sergio was responsible for the 2008 crisis, permitted itself to Mattarella, to explain why he vetoed Professor Paolo insult not only the Lega and the Five Star Party, who Savona, a renowned economist, former minister, and had worked together to forge a government program former head of the employers’ federation, Confin- aimed at promoting jobs and fighting poverty, but all dustria, as Finance Minister of the new government. Italians as a people, calling them “barbarians” (Finan- Mattarella said he did this in order not to upset “foreign cial Times) and “freeloaders” (Der Spiegel). “Europe” investors” who fear that Italy might leave the Euro. did not like the immediate reaction to these insults, of This, despite the fact that in the government program the Lega’s Matteo Salvini (“Better barbarians than agreed to between the two victorious parties, the Lega slaves!”), or the Five Star Party’s Luigi Di Maio (“How and the Five-Star Party, and also in the statement of dare they?”). The day after Mattarella’s coup, which Professor Savona of last Sunday, there was no mention was in no way justified by the Italian Constitution, the 2 2018 Branching Point EIR June 1, 2018 German financial daily Handelsblatt ran the headline, from Monti to Gentiloni, have imposed draconian aus- “The President of the Republic Did It Right, Forza Mat- terity measures. tarella!” “Europe,” the EU, the Troika, the ECB, and the eco- The question many are asking is: Why impose by nomic and press outlets of the establishment refuse to force a technocratic government which will last not understand that in recent years a New Paradigm has more than three months, since it does not have a major- been asserting itself, and has found its expression in the ity in Parliament, and which, according to Democratic Brexit, in Trump’s election victory in the United States, Party politician Massimo D’Alema, will increase the in the “No” vote in the Italian constitutional referen- votes of the Lega-Five Star government coalition from dum, and now in the Italian elections of March 4. It also 60% to 80%? Are financial markets so desperate to buy finds its expression in the fact that two thirds of the time, even if only three months? world has joined the Belt and Road Initiative of China’s This seems to be the real reason for the coup d’etat. President Xi Jinping, with its win-win policy of eco- Deutsche Bank is on the verge of bankruptcy; its expo- nomic cooperation, as opposed to the geopolitical
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