LaRouchePAC Policy Committee member Bill Roberts of Michigan delivered the following statement in response to a federal judge's decision approving Detroit's bankruptcy filing.
The first question from the October 4th webcast.
You have issued a statement on the deeper economic and financial collapse, and the need to restore Glass-Steagall, in the context of the showdown over the government shutdown, and Obamacare.
Can you provide us with your assessment of the real economic and financial crisis, which most people in Congress are avoiding?
The second question from the September 27th webcast.
The Standard of living has collapsed, especially since 9/11, and Quantitative Easing, and Wall St. bailouts.
The third question from the October 25th webcast.
Europeans in leading economic positions have called for such nations as France and Germany to return to national currencies. These proposals, however, are different from our movement’s program for physical economic development, which employs sovereign currencies. Can you clarify this problem?
The second question from the October 4th webcast.
We are looking at a General breakdown crisis. While the government has been shut down, Obama decided to meet with the CEOs of the largest banks. The number one issue for Wall St. is fear and loathing of Glass-Steagall, and an insatiable addiction to Quantitative Easing.
The Budget Control Act of 2011, passed in the House Monday, and the Senate Tuesday, is not only a brutal austerity package, but is a coup against the US government on behalf of a foreign power. Those who voted for it, whether they know it or not, voted for treason, and the destruction of the sovereignty of the United States.