The Libor rate fixing scandal, and the recent revelation that HSBC the biggest drug money laundering bank accounts for 60% of drugs coming into America are definitive indictments of the London-based financial system we must shut down with Glass-Steagall

Your newsreel report for Monday, July 16th.

In the context of the growing wave of calls for Glass-Steagall on the both sides of the Atlantic, Kesha Rogers (Congressional Candidate for TX-22) delivered the following message at an NAACP Annual Convention in Houston.

The question is, what will we replace Obama with? Not who. The specifics on that are in a certain sense irrelevant. The more important question, now, is what. And if we get the necessary discussion process on policy set into motion -- by the time we do have a new presidency, those solutions will be ready to go, ready for immediate implementation.

As Mr. LaRouche develops in his recent paper The End of an Imperial System, the LIBOR rigging is criminality of the highest degree. Not a criminality on a technicality, that the rules weren’t followed correctly. Remember: Adolf Hitler wrote new rules of law.

As this system collapses it's becoming clear that the Libor scandal isn't a scandal at all, but a funeral for a dead system. Today's report highlights the recent findings of Timothy Geithner's alleged involvement in the Libor development.