The Future Informing The Past: The Moment For Glass-Steagall Is Here
June 18, 2012 • 10:27AM

by Kesha Rogers, Democratic Congressional Candidate (TX-22)

The Greek elections confirmed that the future of global banking is going to be defined by one thing: hyperinflationary bailouts of bank gambling debts, while cowardly politicians are forced to kill their citizens. Five major banks around the world, the Federal Reserve, European Central Bank, Bank of England, Swiss National Bank, and the Bank of Japan, are all publicly committed to unlimited "quantitative easing", i.e. unlimited printing of public money for private gamblers. Bailouts that used to last a month are now failing by the hour, and every hundred billion pumped into the system is keeping it up less and less time. This will explode very soon, maybe as you're reading this.

When this failed system finally breaks, it will break in one of two directions. If Glass-Steagall banking reform isn't used to beat these wolves back into their cages, then you will most likely die from the riots, hunger, disease, and social chaos coming with hyperinflation.

What does hyperinflation mean for you? Listen to the echoes from 1923 Weimar Germany: housewives using Reich marks to light the stove for cooking breakfast; wheelbarrows full of cash taken to buy a loaf of bread; Nazis and Communists overthrowing local governments and instituting minor dictatorships; people dying in the streets and being left there, because nobody has the money to bury them. Even tomorrow, you may go to an ATM, and find you can't withdraw any money, gas goes up to $20 per gallon, and food doesn't grow on supermarket shelves anymore. In these conditions, all your stupid dreams about how we're going to vote Obama out, or vote Obama back in, or vote whatever, will vanish with a great sucking pop, and you will wake up, naked and homeless on the continent your forefathers conquered.

Your only hope for survival is to reenact Glass-Steagall (HR 1489) and a credit system now. Write the junk debt off of the books, and use Article I, Section 8 of the Constitution to incorporate a nationally regulated banking system that will only lend credit for real productive industry.

If you're waiting for someone else to do this for you, you're dead. If you're planning to weather the storm on beef jerky and canned water, you're dead. If you don't want to think about it because of whatever, you're dead. You need to wake up, and kiss the good life goodbye!

It's time to fight; it's time to organize. Get Glass-Steagall (HR 1489) rammed through Congress. Get national bank legislation introduced and passed through Congress. Get NAWAPA XXI legislation introduced and passed through Congress. Either we the people marshal the remaining cognizant citizens left, to wield these policies as the political weapons to defend our republic, or history will remember us as the Great Failure, who sat idly by and let death loose upon the world.

Leading that political fight is the presidential slate of the LaRouche Democrats, running campaigns nationally in Texas, Michigan, Washington, Massachusetts and New Jersey, in conjunction with the LaRouche movement internationally. We are the voices of sanity, providing the scientific policy solutions to rally around.

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