Image by Stuart Miles / freedigitalphotos.net *
” a new act would re-establish a firewall
between commercial and investment banking,
making the financial system more secure, stable (…)”
Image: Erythroxylum coca by H. Zell / Wikimedia Commons
“The billions of dollars that the drug trade injects into the bankrupt financial system through money laundering has been used to recapitalize the financial sector. Continue reading
The Glass–Steagall Act (1933) was sponsored by Senator Carter Glass of Virginia (left), and Representative Henry B. Steagall of Alabama (right) / Wikimedia *
A Powerful British Faction has Aligned with LaRouche
by Jeffrey Steinberg
LaRouchePAC
July 6, 2012
It is almost impossible to overstate the strategic significance of the fact that an important group within the top echelons of the British Establishment have come to the conclusion that Glass-Steagall is the only survival option open to them. Continue reading
Neuschwanstein, Schwangau – Deutschland / Wikimedia *
“The schemes all amount to a demand that Germany both surrender it sovereignty and bail out the entire eurozone — nothing short of economic and political suicide for Germany.” LaRouchePAC
Image: Stuart Miles / freedigitalphotos.net *
Will the Queen’s Euro Empire Vaporize During Her Jubilee?
by Tony Papert
LaRouchePAC
June 2, 2012
If, as seems increasingly likely, the doomed Euro system crumbles to dust this very weekend, then Britain, with a four-day bank holiday through Tuesday, will get a few extra hours to try to put through their worst-case disaster scenarios. Those scenarios can’t work for very long, though, if at all — that collapse will drown Europe in a hyperinflationary flood tide like Germany’s in the fall into winter of 1923. All Europe west of Belarus will only be the first domino to fall — the US and the Americas will follow virtually immediately.
Jefferson County, Alabama: Another Victim of Derivatives
Jefferson County Alabama Courthouse / Wiki Commons *
LAROUCHEPAC
November 14, 2011
Jefferson County, Alabama, filed for Chapter 9 bankruptcy on Oct. 9, in the largest municipal bankruptcy filing in U.S. history. The county–which contains Birmingham, the state’s largest city–is but the latest in a series of municipal governments destroyed by derivatives. How much of this destruction are we going to tolerate before we reign in the criminality of the financial markets?
“We today have zero convictions, zero indictments, zero arrests of any of the elite, non-prime lenders that, through their fraud, drove this crisis.” William K. Black Continue reading
Queen Isabella Causeway collapse / Wikimedia Commons *
“the British, European and American establishments intend to defend their wealth and privilege by any means and will never agree to this revolutionary transformation of their banking system.” LarouchePac Continue reading
Image: Idea go / FreeDigitalPhotos.net *
A high level former U.S. government economic official yesterday confirmed the plans for a Fed mega-bailout of Eurozone banks.
“Geithner’s Plan to Bail Out London’s European Banking System Will Destroy the United States.” LaRouchePac Continue reading
Lyndon Larouche
“The Bush administration was looking for an Iraq war the day it entered office (…) The purpose for this— there is no legitimate purpose for it. There were problems with Saddam Hussein. But, there were no problems that we couldn’t deal with by other means. It was not necessary. But, they wanted the war! They wanted the Afghanistan operation. They want a war with Syria. They want a war with Iran. They want a war with China, down the line. They’re already making preparations to get a war with China involving Japan and Taiwan and so forth, down the line. They are now moving, with terrorism, against Russia, which is proposing some pretty nasty reactions down the line; because Russia is still, though much weakened, a thermonuclear power. And, you don’t want to start a war with Russia. This is really insane.”
Lyndon Larouche (2004)
by Helga Zepp-LaRouche
August 15, 2011
The collapse of the financial system is out of control; it is a world-wide collapse; and, we are faced with the threat of an impending meltdown of the financial system and of the real economy which will far outstrip the Crash of 1929 and the ensuing Great Depression. And our governments haven’t the slightest clue what to do. Continue reading
