The LaRouche Plan
The Basement Project
Former U.S. Senator Phil Gramm, a key figure in bringing about the present economic disaster, has shaped the life and financially sponsored the career of his protégé, Rick Perry, the Texas Governor and now leading Presidential candidate.
The President's "hometown" newspaper, the Chicago Tribune, featured a column in its Sunday, Sept. 18, edition laying out the obvious: "Why Obama Should Withdraw."
With the two meltdowns (the European banking and monetary system and President Obama's mental state) proceeding at accelerating speed, it is noteworthy that this week is jammed with major events that will make it impossible to dodge the reality that civilization is at a breaking point. Here are the most significant event beginning Sept. 20:
With all the shrieks coming from Europe, don't forget about Bank of America, which could well beat all the European banks to the finish line of official bankruptcy. Bank of America is reportedly considering the "nuclear" option of filing for bankruptcy for its Countrywide unit—for which it conveniently maintained a separate legal identity after its 2008 acquisition.
A high-level meeting of Chinese and Russian nuclear leaders has resulted in an agreement to "develop cooperation" on floating nuclear power plants, according to World Nuclear News.
A senior U.S. intelligence official commented yesterday that Treasury Secretary Tim Geithner's intervention into the weekend European Union finance ministers meeting in Wroclaw, Poland was worse than a disaster. It was an arrogant violation of all protocols, and Geithner had the full backing of a desperate President Obama in his mission to order the Europeans to hyperinflate.
The debate and vote on a Trennbankensystem/Glass-Steagall motion this afternoon in the Swiss Nationalrat (lower house of the Federal Assembly, or parliament) is best summed up by the Reuters headline: "Swiss Narrowly Reject Bid To Ban Investment Banking." After the announcement Sept.
Barack Obama, the President with "Crazy Eddie" disapproval ratings ("How low can he go?—He's insane!") yesterday demanded that Congress adopt his $4 trillion deficit reduction plan, by passing an additional $3 trillion in cuts.
Greece is entering default, by default, Lyndon LaRouche commented today.
The Sept. 16-17 meeting of European Finance Ministers in Poland failed to agree on Geithner's suicidal plan; failed to agree on a proposed financial transactions task; failed to agree on an ESM deadline; and also failed to agree on the next tranche of funds for bankrupt Greece.