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BÜCHER


Das Geheimnis
der Wirtschaft -
Lösung der
globalen Systemkrise:
Trennbankensystem
und produktive Kreditschöpfung


Schiller-Institut:
Die Weltlandbrücke
wird Realität

Jetzt mit Leseprobe:
Vorwort: Das Ende
der "freien"
Marktwirtschaft -
Wir brauchen
Gesetze zur Rettung
des Gemeinwohls!


Lyndon LaRouche: Die kommenden 50 Jahre

Das Prinzip von Entwicklung: Dynamik, nicht Statistik

Von der Ehrlichkeit gegenüber der Natur

Max Planck zum 150. Geburtstag

Überlegungen zur Klimahypothese:
Von der Physik der Atmosphäre aus gesehen, gibt es kein Klima. In der Atmosphäre spielt nur das Wetter eine Rolle.

+++ 13. Juli 2012 +++

Libor-Gate Hits the Federal Reserve, Tim Geithner and Barack Obama

The revelations on the rigging of the London interest rates ("LIBOR-gate") have spread to the United States institutions big time. Not only did the New York Federal Reserve have knowledge of the rate fixing, but they were apparently witting participants in the whole sordid affair. At the time, the New York Fed was headed by Tim Geithner, the man Barack Obama appointed to become his Treasury Secretary.

Consider one of the items on Geithner's agenda for April 28, 2008 : a meeting listed as "Fixing LIBOR". A Reuters wire reported that the meeting was called with at least eight senior Fed staffers invited, including William Dudley, who took over Geithner's post when the latter joined the government. Also invited was James McAndrews, a Fed economist who three months later, in July 2008, published a report questioning whether or not the LIBOR rate was being manipulated.

In March 2008, the Bank for International Settlements had published a paper raising the issue of possible LIBOR rate fixing. And on April 16, 2008, the Wall Street Journal ran an article casting doubt on the accuracy of the same rates. So it was an open secret that "fixing" was indeed going on. When the news broke in late June, the British banking association and many others claimed to be “shocked”, but that was all for show.

Other documents released by Barclays Bank on July 3 show that the New York Fed was communicating directly with Barclays as early as 2007. In response, the Fed asserted in a statement that they "received occasional anecdotal reports from Barclays of problems with Libor" in the wake of the market crash in 2007, and that the dialogue continued until after the collapse of Bear Stearns in March 2008. Indicating that there was more than a simple "exchange of information" going on here, the Fed admitted that "[w]e subsequently shared our analysis and suggestions for reform of Libor with the relevant authorities in the U.K."

For author Robert Scheer, the Libor-gate is "The Crime of the Century." His article in the July 6 The Nation is damning: "Forget Bernie Madoff and Enron's Ken Lay — they were mere amateurs in financial crime. The current Libor interest rate scandal, involving hundreds of trillions in international derivatives trade, shows how the really big boys play. And these guys will most likely not do the time because their kind rewrites the law before committing the crime."

Former Labor Secretary Robert Reich called it, in the Guardian, “a rip-off of almost cosmic proportions” (cf.LIBOR and Wall Street Crimes: Reich Repeats Demand for Glass-Steagall).

A growing number of local governments, pension funds, and firefighter and police funds are filing lawsuits in Manhattan Federal Court against the major banks. This could end up costing them tens of billions of dollars in damages, if not more.

Even the Congress is moving to open investigations and organize hearings on the whole affair. What they should do is to set up immediately an investigative committee with subpoena powers, along the lines of the 1932-33 Pecora Commission.



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+++ 17. Mai 2013 +++

Breakthrough in the United States:
Senator Harkin Introduces Bill to Reinstate Glass-Steagall

May 16, 2013, on the 80th anniversary of the introduction of the original Glass-Steagall Act alldopted under President Franklin Roosevelt in 1933, Democratic Senator Tom Harkin of Iowa introduced Sena... [weiter]

+++ 17. Mai 2013 +++

Austrian Government: Arming the Syrian Opposition Is Illegal under International Law

The Austrian government has issued an official position paper, now circulating among EU member states, in opposition to the British-French proposal for lifting the arms embargo in Syria. Dated May 13,... [weiter]

+++ 17. Mai 2013 +++

Benghazi, Political Targetings, Blanket Confiscations:
Impeachment Hangs over Obama

Salon.com ran a banner headline on May 14, asking "Which Obama scandal will inevitably lead to impeachment?" "The IRS, the AP or Benghazi?" Indeed, the White House was still being rocked by the hearin... [weiter]

+++ 17. Mai 2013 +++

French Party Presents Draft Bill for Glass-Steagall-Type Bank Separation

Not only the French government, but all other political forces in France, from the far left to the far right, have given up the fight against the financial casino and for an actual separation of the b... [weiter]

+++ 14. Mai 2013 +++

Brecht aus dem Euro aus, um die Finanzoligarchie zu besiegen!

Das große deutsche Magazin Focus berichtete in seiner Ausgabe vom 13.5., was wir schon schon mehr als einen Monat zuvor aufgedeckt hatten: daß die EU das „Zypern-Modell“, d.h. die Enteignung von Bankg... [weiter]

+++ 14. Mai 2013 +++

“Benghazigate”: Threat of Impeachment Hangs over Obama

A potentially historic hearing took place on May 8 before the House Oversight and Government Reform Committee on the terrorist attacks in Benghazi, Libya on September 11, 2012. Despite the explosive r... [weiter]

+++ 14. Mai 2013 +++

Ex U.S. Defense Minister Robert Gates Opposes Intervention into Syria

When Israeli air strikes against Syria on May 3 and 5 brought the Middle East and the world as a whole to the very edge of war, leading circles in Russia and the United States and China intervened at ... [weiter]

+++ 14. Mai 2013 +++

Glass-Steagall LaRouche-Aktionskomitee demonstriert Stärke in Washington

Ab dem 6.5. veranstaltete das LaRouche-Aktionskomitee eine intensive Aktionswoche in Washington, in der es auf sämtliche Ebenen der Regierung einwirkte, um den Druck auf den US-Kongreß, das Glass-Stea... [weiter]

+++ 14. Mai 2013 +++

Global Times: Schiller Institute Rep. Comments on “Chinese and American Dreams”

Since taking office, Chinese President Xi Jinping, who is also the head of the Communist Party, has sounded the theme of the "China Dream" of economic, social, and political progress, to reduce the va... [weiter]

+++ 10. Mai 2013 +++

Week Of Action in Washington:
Pass Glass-Steagall Bank Separation Law Now!

The LaRouche Political Action Committee held a week of action in the United States from May 6-10 to rally support for immediate legislation to restore a strict separation of banks, in compliance with ... [weiter]

+++ 10. Mai 2013 +++

An Urgent Appeal for Glass-Steagall from Helga Zepp-LaRouche

Helga Zepp-LaRouche, founder of the international Schiller Institute, issued an urgent appeal from Germany for the citizens of the United States and the U.S. Congress to immediately act to reinstat... [weiter]

+++ 10. Mai 2013 +++

New Greek Party Calls for Return to Drachma and Bank Separation

The new party, which wants Greece to leave the Eurozone, is called the Greek Democratic Five-Star Movement, abbreviated as the Drachma Five, the five standing for the basic positions of the party: 1)... [weiter]

+++ 10. Mai 2013 +++

Syria Crisis: Russia and United States Agree on a Major Diplomatic Move

Following a visit of U.S. Secretary of State John Kerry to Moscow, May 7, and his discussions with his counterpart Sergei Lavrov and with President Putin, it was announced that Russia and the United S... [weiter]

+++ 10. Mai 2013 +++

Syrian General Idriss, Handpicked by the West, Admits He Controls Nothing

The Free Syrian Army (FSA), it turns out, is little more than a brand name, with little substance, if any, in the Syrian opposition. The person picked by the West to head the military opposition to th... [weiter]

+++ 7. Mai 2013 +++

Alternative für Deutschland:
Eurokritik als Deckmantel für National-Monetarismus

Die neue Partei „Alternative für Deutschland“ (AfD), die im Februar als vermeintliche „Anti-Euro-Partei“ gegründet wurde, erregt ungewöhnlich viel Aufmerksamkeit in den etablierten Medien. Viele Bürge... [weiter]

+++ 7. Mai 2013 +++

AfD: National Monetarism in “Anti-Euro” Clothing

The new political party, “Alternative for Germany” (AfD), which was founded last February in apparent opposition to the Eurozone policy, has since received surprisingly wide coverage in the mainstream... [weiter]

+++ 7. Mai 2013 +++

South-West Asia on the Verge of All-out War?

Twice within 48 hours, on May 3 and 5, Israel launched missile attacks against targets inside Syria, prompting Syrian President Bashar Assad to accuse Israel of declaring war on his country, in allian... [weiter]

+++ 7. Mai 2013 +++

Südwestasien vor einem umfassenden Krieg?

Israel hat zweimal innerhalb von 48 Stunden Ziele innerhalb Syriens mit Raketen angegriffen. Der syrische Staatspräsident Baschar al-Assad nannte dies eine Kriegserklärung Israels gegen sein Land im B... [weiter]

+++ 3. Mai 2013 +++

2008-2012: Shocking Figures of Youth Unemployment Soaring in Europe and the United States

One of the most efficient ways of destroying a nation and reducing its population, short of outright killing, is to induce skyrocketing youth unemployment. It destroys the future potential of the prod... [weiter]

+++ 3. Mai 2013 +++

New Book Demonstrates "Why Austerity Kills", and Needlessly So

The European Union and the United States have imposed deadly cuts in social spending over the past years in a futile effort to bail out the bankrupt trans-Atlantic banking system. The toll on people h... [weiter]

+++ 3. Mai 2013 +++

Russian Anti-Drug Czar Proposes Economic Development to Counter Drug Trade

Over 100,000 deaths per year! That is the incredible number of Russians who die of drug addiction, with young people most hard hit. The bulk of the opium/heroin comes from Afghanistan, where producti... [weiter]

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