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Breakthrough in the United States: Senator Harkin Introduces Bill to Reinstate Glass-Steagall
Austrian Government: Arming the Syrian Opposition Is Illegal under International Law
Benghazi, Political Targetings, Blanket Confiscations: Impeachment Hangs over Obama
French Party Presents Draft Bill for Glass-Steagall-Type Bank Separation
Brecht aus dem Euro aus, um die Finanzoligarchie zu besiegen!
“Benghazigate”: Threat of Impeachment Hangs over Obama
Ex U.S. Defense Minister Robert Gates Opposes Intervention into Syria
Glass-Steagall LaRouche-Aktionskomitee demonstriert Stärke in Washington
Global Times: Schiller Institute Rep. Comments on “Chinese and American Dreams”
Week Of Action in Washington: Pass Glass-Steagall Bank Separation Law Now!
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Bank Separation Is Endorsed by Belgian Prime Minister
Over just the past two months, the issue of a Glass-Steagall style bank separation has spread like wildfire, both in the United States and in Europe. The most spectacular endorsements/about-faces came from former Citigroup CEO Sandy Weill, from London's Financial Times and the Bank of England. EIR, having been at the forefront of the campaign for a global Glass-Steagall for years now, can take a great deal of credit for this development. However, as Lyndon LaRouche has stressed, such a separation is only the first step of a complete change in the current monetary and banking systems, and the creation of credit systems under national control.
At this point, the only head of government to call for bank separation is Belgium's Prime Minister Elio di Rupo, in an interview with La Libre Belgique. In his view, the banks are simply too big. In the UK, he said, they represent 600% of GDP, in Denmark 500%, in the Netherlands, France and Belgium, between 360 and 400%. “As soon as the banks have a problem, the impact on the nations is gigantic. We have to get out of the financial system's logic of privatizing profits and socializing losses. Financial assets circulate in the world of finance and are no longer dedicated, in a sufficient way, to the real economy. That isn't normal. There exists a demand, in Belgium as in other countries -for example in the United States - to break up the banks: on the one side the deposit banks, on the other the investment banks. Ideas are being worked out, in Belgium at the national bank and on the European level."
Di Rupo denounced the absurd system where the states have become indebted, in order to bail out the banks, such as Dexia. Citizens' assets, he said, have to be protected without governments intervening. Significantly, he believes that those who take the risks have to assume the consequences, and "We need clauses inflicting direct penalties at the same time to the management and the shareholders in case of manifest errors."
Paul de Grauwe, a leading economist in Belgium, endorsed Di Rupo's views in the Sept. 5 Le Soir, stressing correctly that the Prime Minister will have a very tough job. "He will be confronting a financial lobby which will mobilize vast resources to make a break-up of deposit and investment banks a failure. A lot of courage will be required. I wish him much success."
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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]
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]
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]
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]
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]
“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]
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]
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]
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]
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]
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]
New Greek Party Calls for Return to Drachma and Bank Separation
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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]
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]
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]
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]
South-West Asia on the Verge of All-out War?
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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]
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]
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]
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]