The LaRouche Plan
The Basement Project
Under the headline "In 7th Worcester race, Frost's Democratic challenger wants Obama impeached," the Worchester, MA, Telegram and Gazette reports on the program of Terry Burke Dotson, the Democratic candidate for the state legislature.
The head of the German Savings Bank Association (DSGV), Georg Fahrenschon, used his appearance at an Oct. 11 press conference at the annual IMF/World Bank confab in Washington to say things there, which he should in fact be campaigning about in Germany:
"We need a better binding of monetary and currency policy to the real economy."
"We've reformed nothing. We have more leverage and more derivatives risk than we've ever had," reports an analyst for a structured finance broker-dealer, speaking of the latest bubbles in the global, unregulated, over-the-counter derivatives markets, to the Aug. 20 Financial Times.
As Argentina continues to resist the British Empire's war to annihilate it, its defenders are increasingly pointing to the fact that the 1999 repeal of the Glass-Steagall Act allowed the vulture funds to flourish, as globalization took hold. President Cristina Fernandez de Kirchner also alluded to Glass-Steagall in her July 25 speech to an audience in Chaco province.
Lyndon LaRouche today called for immediate emergency action to reorganize the global financial system to save valid active accounts from wipeout along with the unpayable gambling debts that are set to detonate at any moment. The starting point, LaRouche emphasized, must be to save those valid accounts by reinstating Glass-Steagall right now—before the imminent blowout occurs.
Less than five months after a new government was formed in France, Prime Minister Manuel Valls resigned on Aug. 25, taking the entire cabinet with him, after very public criticism of the austerity policy dictated by the European Union.
Aware, to some degree, that the Trans-Atlantic system is headed for a crash, a bipartisan group of 15 Senators and Congressmen have preemptively warned Federal Reserve Chief Janet Yellen not to contemplate another bailout of the Too Big To Fail banks like that implemented in 2009-2009.