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The Hindustan Times Covers LaRouche
 in Bangalore
May 26, 2023

 
The following article was printed in the May 26, 2023 edition of the Hindustan Times newspaper. (Click here to view the online version.)

"DOLLAR TO FURTHER FALL DUE TO FISCAL DEFICIT: U.S. POLITICIAN"
Press Trust of India
Bangalore, May 26th

An American politician, Lyndon H LaRouche, on Monday said the U.S. Dollar will further depreciate due to increased fiscal deficit and current account deficit of the U.S. government.

"USD will fall incessantly.  The dollar is overvalued," LaRouche told reporters on the sidelines of an international conference on "World situation after Iraq war."

He said both the U.S. fiscal deficit and current account deficit were over $1 trillion and the economy was in a "bad state." LaRouche, a candidate for the Democratic Party nomination for the U.S. Presidency in 2004, said the U.S. economy was seeing a hyperinflation, industrial production reducing and growing unemployment.  "The internal economy is depressing," he said.

He said the U.S. economy, which earlier had witnessed currency inflows from Europe and Japan, would find it difficult as the euro was becoming an attractive currency and the value of dollar would reduce to 1.5 per euro. LaRouche said the value of dollar had dropped by nearly 18 to 19 percent in the past few weeks, and it had a potential to drop further by 25 to 50 percent.

He warned that the economic decline would hurt economies of countries in Europe and Asia, even though India and China's economy showed resilience. He criticized U.S. President George Bush for the Iraq war and said the ultimate aim of the hawks in Bush Administration was to attack China.

-30-

Paid for by LaRouche in 2004

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