The LaRouche Plan
The Basement Project
As Lyndon LaRouche has been warning for months, the entire British Empire global financial system is at the end-point and is unraveling rapidly. The Banco Espirito Santo, Portugal's largest bank, announced on Thursday that they posted $4.8 billion in losses for the first half of the year and will need a massive bail-out/bail-in to survive.
The breakthrough at the BRICS summit in Fortaleza, Brazil, followed by last Friday’s long-overdue bipartisan Congressional repudiation of the successive Bush-Cheney and Obama tyrannies means that it is now in our hands to create a new international monetary system based on a standard of production...
Breaking from profile, Darrell Issa, chairman of the House Oversight and Government Reform Committee, has decided to investigate the "litigation policy" of the Obama Department of Justice "with respect to large financial institutions accused of illegality and fraud."
Lyndon LaRouche today forcefully urged Sen. Elizabeth Warren (D-Mass.) and other Glass-Steagall sponsors to act immediately to push for Congressional debate and vote.
"Don't wait until the perfect moment when you think you have the votes lined up. You have to campaign to win. You fight to get it through because it has to be done."
With the momentum coming off the HCR 105 victory in the U.S. House of Representatives last week, the United States must now go full steam ahead for the passage and implementation of Glass- Steagall, Lyndon LaRouche said today. The principle of Constitutional authority, above and beyond partisan issues, has been restated; now it must be fully reestablished, and quickly so.
In a July 25 video address to an audience in the northern province of Chaco, to celebrate the opening of a new iron smelting plant, President Cristina Fernandez de Kirchner made an unmistakable reference to the Glass-Steagall law— without naming it—noting that "there was once a law in the United States which prohibited the type of speculation" which the predatory vulture funds have engaged in,
Lyndon LaRouche today reiterated his July 19 warning that Congress must not leave Washington for recess until the urgent business of the nation has been accomplished.