When LaRouche’s ‘Triple Curve’ Foresaw Today’s Hyperinflation

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Executive Intelligence Review
Founder and Editor-in-Chief Lyndon H. Larouche, Jr.
Volume 48, Number 41, October 15, 2021
https://larouchepub.com/eiw/public/2021/eirv48n41-20211015/index.html

EDITORIAL
When LaRouche's 'Triple Curve' Foresaw Today's Hyperinflation
https://larouchepub.com/other/editorials/2021/4841-when_larouche_s_triple_curve_f.html


Lyndon LaRouche discusses his "Triple Curve" typical collapse function, at a Schiller Institute Conference, January 17, 1998.


   Oct. 9—A generation ago, a schematic of an economic "Collapse
   Function"—a hyperinflationary breakdown process, was put forward by
   economist-statesman Lyndon LaRouche at a conference in Rome, Italy.
   Since then, no economic forecast has come close to its accuracy and
   clarity. Called the "Typical Collapse Function," or "Triple Curve," it
   shows that if physical production is declining, while the volume of
   financial aggregates (debt) is rising, and monetary aggregates
   (money-printing) are rising to support the difference, a phase is
   reached in which economic shocks set in, and then a hyperinflationary
   blow-out can occur. He released that in 1994.
   
   LaRouche also warned repeatedly in the years afterward, don't
   comprehend things in any of the simplistic terms of mere price
   inflation, market correction, supply-and-demand, or some single
   culpable factor. In March 2000, for example, during the U.S. gas-pump
   spike in prices, he warned, "This is simply, predominantly—it is not
   some 'market this, and market that'—it's a hyperinflationary process,
   which has taken off," and behind it are larger dynamics.
   
   At the turn to the 21st Century, chunks of the huge edifice of
   securitized debt began to break off—the "IT bubble"; the so-called
   "Asia Crisis" with its plunging stock markets; Russian bond debt;
   Brazilian bond debt. The big London and Wall Street banks, with
   derivatives, were essentially printing large volumes of money
   themselves in order to prop up these collapsing debt bubbles.
   
   LaRouche clarified further: When the money supply, trying to keep a
   rapidly increasing mountain of debt liquid, is being artificially
   increased more rapidly even than the debt itself—at that "crossover
   point" a financial crash is looming. In mid-2007 LaRouche publicly
   announced that that crash was unstoppable, except by an immediate and
   complete reversal of financial and economic policy launched by
   bankruptcy reorganization of the largest New York and London banks. The
   crash came in late 2008.
   
   In the global economic collapse of 2008-10 called the "Great
   Recession," the central banks and U.S. and European governments refused
   to allow the collapse of the debt mountains on the books of the big
   London, Wall Street and Frankfurt banks. Instead, they began printing
   vast volumes of new currency against the credit of nations, to bail out
   those banks' debt bubbles.
   
   Taking the United States as an example, total debt in the U.S. economy
   has grown by one-third from 2008 to now; but the total assets of the
   Federal Reserve, representing the debt it has turned into newly printed
   money, are ten times larger. And the productive economy underneath it
   has shrunk since 2019 by 500,000 productive jobs, 5.5 million jobs
   overall, and has lost 3% of industrial production. The American
   workforce itself has shrunk by 5 million since 2019.
   
   That money-printing policy meant that the Triple Curve collapse
   function will end in an economic breakdown far worse than the Great
   Recession, and/or an explosion of hyperinflation as in Weimar Germany
   in 1923-24, the precursor to the Malthusian fascism of Hitler and his
   Economics Minister Hjalmar Schacht.
   
   The chain-reactions of breakdown underway today are dramatic, given the
   combined effects of decades-long de-structuring of production, with
   whole sectors of manufacturing and agriculture relocated to cheap-labor
   sites. There is decrepit transportation from years of lack of
   infrastructure-building in the trans-Atlantic countries. Add to this,
   the sweeping deregulation, spot markets, and speculation. You get
   shortages and spikes in prices in electricity, fuels, and other
   necessities.
   
   Look at the food chain. World food prices are up year on year by 32.8
   percent in September, according to today's UN Food and Agriculture
   Organization Index (for globally-traded foods). In America, prices for
   cropland and inputs are soaring. In Iowa, August's all-time record
   price was $22,300 per acre; but this week came a new record of $26,200.
   Fertilizer prices rose 5% percent from August to September, potash went
   up 13%.
   
   Lyndon LaRouche, in addition to his conceptual diagnosis of the crises,
   specified the actions to reverse this collapse function. His 2014 "Four
   New Laws To Save the U.S.A. Now!" embodies the principles for action.
   This outlook will be featured at the Schiller Institute's two-day
   international conference (online) in mid-November.

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Adam Fergusson talks to James Turk
42,306 views • Oct 30, 2011 • likes 252 • dislikes NA
Goldmoney • youtube.com/@GoldmoneyOfficial • 25.1K subscribers
https://www.youtube.com/watch?v=sqffE6pDXuA
  "Subscribe to our newsletter at http://www.goldmoney.com/goldresearch.
   Historian Adam Fergusson discusses his cult-classic history of the
   Weimar hyperinflation, When Money Dies, with James Turk from the
   GoldMoney Foundation. They discuss the fateful decisions that led to
   hyperinflation in post-First World War Germany, and how central bankers
   as well as ordinary members of the public today would be well advised
   to heed this warning from history.
   
   Fergusson discusses how the hyperinflation affected different groups in
   German society in different ways -- with debtors benefitting and huge
   numbers of middle-class savers wiped out. Riots, corruption and
   political extremism were just some of the malignancies encouraged by
   the hyperinflation. He points out that those who held hard currencies
   as well as people who held tangible assets like gold and silver were
   in-large part protected from the worst economic consequences of the
   hyperinflation. In his words: "gold remained at all times in Germany
   the measure of what was important to them."
   
   James and Adam discuss whether or not today there is any way for
   governments in the developed world to repay their huge debts. Both men
   conclude that inflation is the only politically viable method of
   repudiating these unmanageable obligations. Fergusson highlights the
   importance of velocity and the demand for money in determining whether
   or not inflation turns into hyperinflation -- though points out that
   this tipping point can take a surprisingly long-time to arrive; in
   Germany, people kept confidence with the rapidly devaluing mark
   throughout the First World War, despite clear signs that the country
   was heading for a currency crisis.
   
   Fergusson thinks that we are heading for high inflation in many
   countries, but is doubtful that Weimar Germany's nightmare currency
   collapse can be replicated in a sophisticated modern economy. He
   concludes with a quote from Jean-Claude Juncker, prime minister of
   Luxembourg, who recently commented with respect of the sovereign debt
   crisis: "we all know what has to be done; what we don't know is how to
   get re-elected once we done it." "

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Implications of the Gore Hoax For International Policy
First published at 21:47 UTC on January 18th, 2023.
https://www.bitchute.com/video/r9davweHUcd4/
"Lyndon LaRouche Webcast
   From Washington, D.C.
   Wednesday, March 7, 2007
   [ ... ]"


LaRouche Webcast: Six Months Into The Greatest Financial Crash Ever
First published at 23:20 UTC on January 18th, 2023.
https://www.bitchute.com/video/o0HLLBVcume9/
"Lyndon LaRouche Webcast
   From Washington, D.C.
   January 17, 2008
   [ ... ]"

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LaRouche clearly knew already in 2007/2008 that the role of Nancy
Pelosi was not to solve real problems. Inside `LaRouche Webcast: Six
Months Into The Greatest Financial Crash Ever' :

[00:13:10]
And with Speaker of the House Pelosi,
who seems to be owned by a notable fascist.