LaRouche was right in 1999 when he fought the repeal of Glass Steagall, he was right in 2007 when he warned against the bailouts, and he is right today on dumping Obama and re-instating Glass Steagall.
On January 15, two of the 6 LaRouche Democratic candidates, Rachel Brown (MA) & Diane Sare (NJ) held an historic town hall meeting in Hasbrouck Heights, NJ, demonstrating uncompromising leadership in a time of great crisis.
The matter of Glass-Steagall far exceeds any mere discussion of money, or even re-organizing the banking system. Glass-Steagall gets directly at the substance of mankind's ability to willfully exert his creative powers over the universe to increase his ability to exist. Indeed this is the basis for understanding economic value.
Lyndon LaRouche continues his State of the Union Address to the American Population and its would be leaders. This address will culminate with LaRouche's International Webcast this Saturday, January 22nd, 1pm EST. Watch the Webcast live on this website.
An interview with EIR Economics Chief, John Hoefle, reveals the obvious point: we don't need Wall Street, never did, never will. In fact, if we don't reinstate FDR's 1933 Glass Steagall, shutting down Wall Street in the process, we'll lose the United States. Here is a look at the crisis the 50 states are facing and what the implications are of reinstating the 1933 banking regulation once again.
This weekend Spain is set to ask for a bailout ahead of schedule, demonstrating the rate of collapse of the financial system moves faster than any bailout attempt. The only solution is the re-implementation of the Glass-Steagall Act.