The United States and China should join hands in an effort to
reform the world financial system, which has currently entered the
most deadly crisis in recent centuries, a renowned US economist
said Saturday.
"The end of the present world monetary-financial system is
inevitable, unless the system is replaced by a new world system
during a relatively brief, remaining time available," said Lyndon
LaRouche at a luncheon at the Forum on US-China Relations and
China's Peaceful Reunification.
LaRouche, also a famous political activist, said the present
international financial crisis could only be brought under control
when major countries like the US and China cooperate.
"Whenever a powerful combination of national governments can
arrive at a suitable agreement to change a failed
financial-monetary system, a solution for any modern financial
crisis can be found," he said.
He said that the United States should propose to form an initial
sponsoring group made up of the governments of the US, China,
Russia and India, therefore to rally a majority of nations in order
to stabilize the world system.
LaRouche lamented that all evidence has confirmed the current
crisis, notably the recent collapse of the US dollar' exchange
rates against other major currencies, but nothing visible had been
done so far by any government to change the world financial system
to solve the problem.
The forum, jointly organized by several local Chinese-American,
gathered nearly 100 government officials, scholars and activists
form the US and China, who were expected to discuss issues on
US-China relations and their implications on the Taiwan issue
during the two-day event.
"The Taiwan issue remains the sensitive core issue in China-US
relation," said Zhang Yun, consul general of China in Los Angeles,
while speaking earlier at the forum's opening ceremony.
(Xinhua News Agency November 25, 2007)
