To Stop Hyperinflation: Bankrupt the Globalist System and Start to Build Our Way Out
A note to readers: this is an old post on the archive website for Promethean PAC. It was written when we were known as LaRouche PAC, before changing our name to Promethean PAC in April 2024. You can find the latest daily news and updates on www.PrometheanAction.com. Additionally, Promethean PAC has a new website at www.PrometheanPAC.com.
On November 4, 2021, Donald Trump made a shocking proposal—that we create a society in which average Americans can raise a family on one income. Instead, we are living in a society in which, very soon, no number of incomes will be able to support a family. Crippling inflation is upon us. Hyperinflation is lurking in the shadows of the elite’s insane policies of deindustrialization, decarbonization, bailouts, and money printing.
Think back to an America in which that simple idea—of raising a family on one income, was commonplace. Think back to the United States under John F. Kennedy. It wasn’t only John Kennedy who was assassinated, but our economic future was assassinated.
We are now in the final stages of the war that was dramatically escalated in 1963. Most Americans have, since Donald Trump’s 2016 election, only recently discovered that it is a war. But, most have not yet understood the full scope of it. It is a war against our sovereignty and against our economy. It is a continuation of our War for Independence.
How do we win this war? The political will to do so has clearly emerged, as seen in the November 2021 election results. But what has been lacking has been the knowledge of the weapons we need to win—weapons which were created by American geniuses such as Alexander Hamilton and Abraham Lincoln, and refined by Lyndon LaRouche, who saw where we were heading when he founded our movement more than 50 years ago.
The Crisis of Our Time
Only those who have drunk the Biden Collective’s Kool-Aid fail to see that the trillions of dollars gushing from the federal government are feeding inflation. But that is a small part of the danger.
The more fundamental policies which threaten hyperinflation are:
- Fifty-plus years of taking down the ability of our nation and our workforce to produce and advance. Free trade, out-sourcing, deregulation, financial asset-stripping, and, more recently, COVID-related shutdowns and firings and green “decarbonization” policies, have deindustrialized our economy, leaving us lacking in basic manufacturing, agriculture, energy, infrastructure, and skilled workers.
- The unleashing of a global financial monster, in the form of central banks and private financial entities, which wield more power than nations, and which have bent nations to their will, securing trillions of dollars in bailouts, and imposing criminal policies through their enormous financial control.
We must reverse those two policies
Declare the System Bankrupt:
Crushing the global financial monster demands that we put the existing monetary system into bankruptcy reorganization. We must reenact national policies, such as the restoration of Glass-Steagall, and other policies to write off and choke off speculative assets. Further, Lyndon LaRouche identified that the four superpowers (United States, Russia, China, and India) have the power to stand up to the global elites and simply say, enough … we will not bail you out again, we will write off your worthless quadrillions of dollars of speculation, and we will reestablish an international financial architecture modeled on the pre-1971 Bretton Woods System.
Build Our Way Out:
Reversing the takedown of our ability to produce, is the more daunting challenge. This takes more than the political will to act. This will take the knowledge, not only to rebuild, but also to advance and to create the conditions for durable future progress.
- How do we reshore our manufacturing and re-create our food security? This will demand changes in our trade, tax, and credit policies.
- How do we provide enough energy for a “re-Americanized” economy? This will demand dumping the Green New Deal and COP-26 and using our fossil fuels to jump-start a crash nuclear energy program, as we accelerate the push toward nuclear fusion.
- How do we shift the composition of our workforce, reducing the service sector component and tripling the producing component? This will demand directed shifts in investment, research, and education policies.
- How do we increase the “productive powers of labor”? This will demand a “new frontier” orientation for society, as embodied in President Trump’s Artemis Mission to the Moon and beyond.
Lincoln, Kennedy, LaRouche, and Trump
Alexander Hamilton gave us the American System of Political Economy. Abraham Lincoln gave us the Greenbacks and the Transcontinental Railroad. John Kennedy gave us the Apollo Project and the investment tax credit. Lyndon LaRouche gave us a lifetime of work through which we can understand the principles of statecraft and political economy.
In that November 4 speech, Donald Trump gave us a challenge and a vision:
“Our movement is defined by one word: courage. It took courage to build our country, and it will take courage to save our country…. Our movement and our country will soon be filled with new ideas, new potential, new resolve, and we are going to push forward … we’re not just going to get it back, we’re going to make our country greater than it ever was before.”
Join our fight to Re-Americanize the U.S. Economy!