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Schiller Institute Chairman Tom Gillesberg interviewed on Danish Radio's nationwide P3 station about the financial crisis

COPENHAGEN, Sept. 29 -- Danish Schiller Institute Chairman Tom  Gillesberg was interviewed for 6 minutes during drive-time, on Danish Radio program 3 about how he knew there was going to be a  financial crash, as evidenced by his 2007 election poster "After  the Financial Crash -- Maglev across the Kattegat" (the strait between the island upon which Copenhagen is located with the  Jutland mainland). Gillesberg pointed to Lyndon LaRouche, his July 2007 webcast, and his upcoming Oct. 1 webcast this Wednesday. A translation of the live interview follows:

Host: Now get ready to reach into the brain cells in the  back of your head, and go back to the parliamentary election  campaign last year. I saw a guy named Tom Gillesberg, who was on  TV. He ran for office, and whom the reporters made fun of -- he  wasn't so well known. He ran in Copenhagen, without any party.  His most important plank was to have a maglev across the  Kattegat, after the financial crash. That was what was on his  election posters. There weren't many people who took that message  seriously. In fact, he only got 13 personal votes (sic). But now  we are in the middle of the financial crisis, which he predicted,  and therefore, we have gotten Tom Gillesberg here.

HOST: Hi Tom. 

TG: Hi. 

HOST: The first question is clearly, we need to know, how  were you able to predict that there would be a financial crisis,  when we others just knew nothing about it? 

TG: I was able to, because I listened to the American  economist and statesman Lyndon LaRouche, who actually already at  the end of July last year, said, "It's going to happen now. It is  happening now. The financial system is going to disappear now.  It's going to happen piece by piece, and we have to discuss what  to do." 

HOST: So that's where you got your information? 

TG: You can say that. It should be said that I have worked  with this for a while, with the Schiller Institute, and back in  November 2005, during the municipal elections in Copenhagen, I  had a big election campaign with the slogan, "When the Bubble  Bursts -- a New Bretton Woods." That the housing bubble, which  has been the driving force in the Danish economy, especially in  2005, I said, "This is a bubble, which will disappear. It's going  to hurt in Denmark when it happens, but this is just a Danish  part of a global financial bubble." 

HOST: We remember your campaign. We remember your poster,  "After the Financial Crash: Maglev across the Kattegat." How does  maglev fit into your philosophy? 

TG: Because, when a financial system collapses, and that's  what we see, first, you have to have a new financial system -- a  New Bretton Woods--and actually, the French President today  summoned such a conference to discuss what we should do now. So,  we have to have a new system. But there is a tendency when all  the financial values go up in smoke, that there isn't any money  in a country like Denmark. No one will invest in anything.  Therefore, the state has to -- unless everything is to go black,  and the whole economy die -- the state must go in with big  infrastructure projects to get things going. That's, of course,  highways, schools, hospitals, but, more than anything, new,  modern technology, and maglev, which runs at 500 kph, is what we  need for the future in Denmark. 

HOST: That's a fine idea, but is it still a good idea, now  that the crisis is happening?

TG: Yes, because if we are to get out of this financial  crisis, it won't be by pumping money into the banks. It won't be  by having a Roskilde Bank in oversize, and using all of the  taxpayers' money for that. It will be by reorganizing the  financial system. It will be by having a bankruptcy  reorganization of the banks and the system. And we should ensure  putting money into infrastructure projects and economic  development. And if we do that, instead of the Danish economy --  when people can no longer borrow money, then they don't go into  the special shops, they don't build new terraces. Everything that  has driven the economy, that stops. Then you get unemployment.  Then you get an eerie downside, unless you go in with  infrastructure projects. And maglev is one of a panoply -- there  is also a Kattegat Bridge, also highways. There is an  unbelievable amount of infrastructure that we are lacking. If you  do that, you get the economy going. 

HOST: And that's a good idea, I can hear. You were right  about the financial crisis. I would like to end by asking you  what other areas should we keep an eye on in the future? 

TG: This financial crisis we have been seeing so far is just  the beginning. It will be much, much worse. This is just the  first wave we are having. It can be really eerie. This can be a  bigger financial crisis than in the 30's. We have to go all the  way back to the 1300's to find something that is like it, when  the financial system collapsed, and, as most know, when we had  the Black Death, and many bad things all over Europe. It's not  just the housing bubble, not just the stock market bubble, not  just the credit card bubble, it is the whole system which is in  the process of disappearing. What you should do is to go to the  internet, to ("thebubblebursts") Then, you  get to the Schiller Institute's website, and there is a lot  written about these things. And on Wednesday, Oct. 1, you can  actually hear our man Lyndon LaRouche, live from Washington, say  what we should do. And you will get the answer to what is coming,  what we should do, and you will get a suggestion from the man who  has able to very precisely predict all of this, and who is a  little ahead of me in all of this. 

HOST: It sounds like it was not something good we have been  waiting for. But that we can agree that we have to cross our  fingers for the future, and thank you. 

TG: And as long as we are able to change axioms and  understand that what has been "good Latin" in economics has to be  thrown out the window, and we have to find other things, where  the physical economy counts, the real economy -- industry,  farming, production, etc. then, we can certainly come out of  this. It requires that we really pressure the politicians,  because they have a tendency to do what others are doing. 

HOST: Tom Gillesberg. Thank you.




Further information:

2007 Danish parliamentary election poster:

After the financial crash: Magnetic levitation (maglev) across the Kattegat

2005 Danish municipal election poster:

When the bubble bursts ... New Bretton Woods (financial system):

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