LaRouche 1995 Words At the State Duma Featured in Russian Magazine

The Russian monthly journal VVP came out with an article titled "Endgame for Financial Globalization." Written by Alexei Perochinny and other participants in the "Global Adventure" economics website, the article notably leads with a quotation from Lyndon LaRouche's June 6, 1995 speech at the Russian State Duma:

"Especially since 1987, with what's called derivatives speculation, the rate of growth of financial aggregates, attributable to pure financial speculation, is three times, at least, greater than the gross national product of the entire world's economy. If you look at the rate of growth of these financial aggregates, you find that it has gone onto a hyperbolic scale. If you take the rate of growth of the financial aggregates in respect to physical production per capita, it's even worse. Whenever you see that in a physical process, you would say: 'Here is a discontinuity, here is a singularity, we've come to the end of the system.'"

The authors draw out the historical comparison of the current crisis with the breakdown in the 14th century.

The name of the monthly, VVP, stands for "Gross Domestic Product" in Russian, but it also coincides with the initials of Prime Minister Vladimir Putin, who is featured in every issue. With a print run of 20,000, VVP is circulated at many government ministries and boasts an array of national and regional officials on its advisory board.

Upon review of a translation of the article, Lyndon LaRouche is writing a rejoinder which focusses on the fallacy of assuming that money is value, which figures both in the authors' analysis of the current state of the collapse, and in their assumptions about how some countries, including Russia, might survive the collapse of the rest of the world.