Is the potential explicit in Lyndon LaRouche's concept of a Four-Power agreement -- between the U.S., India, China and Russia -- to reorganize the bankrupt financial system and move away from geopolitical confrontation, shaping the talks last month between officials of the U.S., China and Russia? The threatening rhetoric continues from the U.S. side, but there is an opportunity now to move from the lowest level of relations, driven by imperial geopolitics, into the possibility of mutually beneficial agreements. As a disastrous situation looms facing renters, homeowners, landlords and banks, there must be a "LaRouchian" shift to a New Bretton Woods, based on a restoration of the American System of economics. Cooperation between the leading nations is essential to avoid an accelerating downward collapse of the global economy.

Can the current eviction crisis in the United States can be addressed in a manner similar to what Lyndon LaRouche proposed in 2007 to address the upcoming housing and banking crisis engulfing the nation at that time? In February 2009, the LaRouche movement circulated the following updated version of Lyndon LaRouche’s proposed Homeowners and Bank Protection Act of 2007, as a draft resolution for state and local governments:Whereas, the failure the leadership of the United States Congress to pass the Homeowners and Bank Protection Act of 2007 proposed by Lyndon LaRouche in his July 25, 2007 webcast, has transformed a dire situation from one that could have remained manageable through the Autumn of 2007, into a breakdown crisis of not only the U.S. economy, but of the world economy; Whereas, the Congressional leadership instead chose a course of insulting treatment of state and local legislative and associated bodies within the states, who clamored for the Congress to enact the HBPA, as shown in the HBPA’s passage by five state legislatures, and more than 90 city councils across the United States, in addition to hundreds of endorsements by trade union and other constituency leaders individually; Whereas, the repeated attempts approved by Congress to bail out financial institutions with cumulative trillions of taxpayers’ and Federal Reserve money, have utterly failed; Whereas, forcing the leadership of the U.S. Congress into more responsible behavior on the HBPA now, is perhaps the only chance to begin to move things in a direction which could lead to saving the United States of America itself from the deepest physical depression in its history; Therefore, be it resolved, that the City/State of ______________________ hereby endorses the Homeowners and Bank Protection Act of 2007, as initiated by economist Lyndon H. LaRouche, Jr. This Act includes the following provisions: Congress must establish a Federal agency to place the Federal and state chartered banks under protection, freezing all existing home mortgages for a period of however many months or years are required to adjust the values to fair prices, and restructure existing mortgages at appropriate interest rates. Further, this action would also write off all of the speculative debt obligations of mortgage-backed securities, derivatives, and other forms of Ponzi schemes that have plunged the banking system into bankruptcy. During the transitional period, all foreclosures shall be frozen, allowing American families to retain their homes. Monthly payments, the equivalent of rental payments, shall be made to designated banks, which can use the funds as collateral for normal banking practices, thus recapitalizing the banking systems. These affordable monthly payments will be factored into new mortgages, reflecting the deflating of the housing bubble and the establishment of appropriate property valuations, and reduced fixed mortgage interest rates. This shakeout will take several years to achieve. In the interim period no homeowner shall be evicted from his or her property, and the Federal and state chartered banks shall be protected, so they can resume their traditional functions, serving local communities, and facilitating credit for investment in productive industries, agriculture, infrastructure, etc. State governors shall assume the administrative responsibilities for implementing the program, including the rental assessments to designated banks, with the Federal government providing the necessary credits and guarantees to assure the successful transition. And therefore, Be it Further Resolved, that a copy of this resolution shall be forwarded to members of Congress from the state, and also be delivered to the President of the United States, for immediate implementation.

The United States has repeatedly made decisions contrary to the proposals and policies of Lyndon LaRouche over the last half-century, since Nixon’s dismantling of the Bretton Woods system. One example was LaRouche’s Homeowners and Bank Protection Act of 2007, which addressed a problem that was not recognized as a problem, while posing a solution that ran entirely counter to the prevailing, suicidal economic trends. At that time of LaRouche’s proposal — prior to the collapse of the U.S. housing bubble, which triggered a financial panic that drove an initially recalcitrant Congress to vote and then vote again for a bailout under threats of the imposition of martial law — not only were rising house prices and levels of homeownership (or at least mortgage holdership) seen as positive economic indicators, the financial products created based on these mortgages fit right in to the increasingly speculative, financialized, and fraudulent “economy” of the United States.How was the U.S. transformed from being the primary producer of advanced goods for the entire world in the years following World War II, to an increasingly unproductive land of worsening infrastructure and anti-human culture? Nixon’s 1971 termination of the gold-reserve system and fixed exchange rates, ushering in a casino economy whose remnants of large-scale growth were largely derived from the monumentally successful Apollo Moon program of the decade before. LaRouche’s forecasts and insights into this seismic shift in U.S. economic policy drove him towards decades of work as an economist, statesman, and eight-time U.S. presidential candidate. The failure to reverse the trend represented by that action by Nixon, the failure to install the scientific, cultural, and economic policies of LaRouche in the decades that followed, confront us today. An explosion of evictions is expected in the United States, with the expiration of the federal eviction moratorium put in place due to COVID. Yet the stock markets are soaring. The delta variant spreads rapidly in fertile ground as the world eagerly hopes to get back to normal. Yet vaccinations continue their glacial advance in many of the poorer nations of the world, and the paltry billions needed to speed their production are not forthcoming. But why do there even exist poor nations and poor people today? China’s meteoric rise shows how rapidly development can be accomplished. Why has it been an exception rather than the rule? And can Afghanistan—a present crossroads of world history—escape decades of warfare and violence to become a rapidly growing, international partner for peace and development? The LaRouche movement, now headed by Helga Zepp-LaRouche, has laid out the parameters for this perspective, and fostered the quality of discussion needed for its achievement. Will this intention succeed? Heed the sound advice of the former President of Mexico José López Portillo, “for the world to listen to the wise words of Lyndon LaRouche. Now it is through the voice of his wife. … How important that they enlighten us to what is happening in the world, as to what will happen, and as to what can be corrected. How important that someone dedicates their time, their generosity, and their enthusiasm to that endeavor.” To that end, the LaRouche Legacy Foundation invites the world to participate in an online seminar — held on the 50th anniversary of Nixon’s announcement — to examine the unique contributions of Lyndon LaRouche (1922—2019) to the science of physical economy. There is an urgent need to reflect on what has gone wrong with economic policy in the trans-Atlantic sector over the last five decades, in order to correct those persisting policy blunders and change course before we plunge into a breakdown crisis comparable only to the 14th-century New Dark Age. Register for the seminar here and, in the meantime, heed, and act on, the wise words and courageous devotion of Lyndon LaRouche.