Argentine President Fernandez: "Money in Itself" Is Worthless

[Magda Hassan]

From the Larouche lot but 100% in this case. Cristina is correct. It is workers who make and provide things of value. Money has no value in and of itself. And the present system is insane.

Argentine President Fernandez: "Money in Itself" Is Worthless

May 24, 2012 7:47AM
During a bilateral meeting May 18 with Angolan President Jose Eduardo dos Santos, Argentine President Cristina Fernandez de Kirchner made incisive remarks about the insanity of the current, collapsing global financial system, which is based on the idea that money is worth something. Her words for sure didn't escape the attention of the City of London.
Echoing concepts repeatedly posed by physical economist Lyndon LaRouche, Fernandez stated, "I believe we now have an opportunity to show the world that a different model of accumulation, not that of financial profit and money in itself, is possible. Money by itself only reproduces when it goes through the market of production of goods and services; money by itself sitting inside banks, doesn't reproduce itself. It has to leave the bank and go to industry, agriculture, cattle-raising, and all services in order to reproduce itself."
Earlier the same day, in a speech before Angola's Legislative Assembly, Fernandez had emphasized that it is human beings, with their manual or intellectual labor, who generate real wealth, not the banks "that accumulate foreign exchange in their safes, but which later exist only in the computers' virtual accounting locations; then, when the moment of truth arrives, [the money] isn't there, and it's States that have to take charge of the mess the markets have made."
Fernandez told Dos Santos that "this is the great challenge and the message that we are constantly taking to the G-20. I've said this since the second one, held in London. It looks like this next one is going to perhaps be more interesting, because there are new actors; there are only a few of us left since the first G-20 held in Washington, and the truth is that those that left did so because of a democratic renewal, but also because the austerity policies they implemented have failed." [Emphasis added]
The Argentine President noted perceptively that her remarks won't be taken kindly "in certain quarters, of the old colonial powers which are today modern developed nations, who told us that their model was the only one to follow, but which has now so noisily collapsed. Financial profit as the only objective, disconnected from production or the value added from goods and services and from job creation, is what has produced this real financial crash which has collapsed on top of us, and when I say us, I'm talking about the South-South economies, that are emerging economies or ones undergoing reconstruction."
"This makes now more necessary than ever," she said, to strengthen the cooperation "which you [President Dos Santos] just discussed and in which you said governments exist to achieve inclusive societies, egalitarian societies with fair wages...that's what the founder of this nation, Agostinho Neto, and the men and women who fought with him, sought" for Angola.
"Today's location [in Luanda] isn't the G-20," Fernandez concluded, "but it's relevant. Today I want to take up again our common location Angola-Argentina, Argentina-Angola both begin with "A" which also coincides with the "A" of Atlantic. I would say we have a great opportunity, and it would be a shame to waste it."

http://larouchepac.com/node/22798