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Helga Zepp-LaRouche
am 24.03.2013 um 18 UhrEU-Raubzug auf Zypern:
Der Rubikon ist überschritten!
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!
EIR Sonderberichte
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Obama's War on America: 9/11 Two
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Vier-Mächte-Bündnis für den Aufbau Eurasiens - Chance für 2010: Marsprogramm statt Kasinowirtschaft
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Mit Leseprobe:
Vorwort
von Helga Zepp-LaRouche
EIR Magazin
1974 von Lyndon LaRouche gegrundet und wöchentlich in Washington, D.C. herausgegeben
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+++ 29. September 2012 +++
The Myth of the 3% Deficit to GDP Ratio, in Its Inventor's Own Words
Throughout the European Union, people are being told that they must suffer so that the deficit not exceed the Gross Domestic Product by more than 3%. But just where does that sacrosanct figure of 3% come from? Contrary to what many Europeans believe, it's quite a bit older than the Maastricht Treaty criteria, and it was not invented in Germany, but in France.
Indeed, after French Prime Minister Jean-Marc Ayrault again promised on Sept. 27 to reduce the deficit to that "magical" figure, Le Parisien decided to meet the man who came up with the ratio in the first place. His name is Guy Abeille, and he was at the time a high-ranking civil servant in the Finance Ministry. He admitted quite frankly to Le Parisien that he had invented it one evening in late June of 1981 and that it has no basis in economic theory!
However, he said, at the time, President François Mitterrand was looking for an "easy to remember, round figure", which he could use to stop his ministers from overspending.
Back on Oct. 1, 2010, Abeille had published in the financial daily La Tribune, a thorough (and flippant) account of that fateful June 1981 evening. There, he says that he and a colleague in the Budget Department were approached by their boss with the request from Mitterrand, to be given a "simple, utilitarian rule, bearing an expert's chrism, and thereby unquestionable," which he could use to curb spending.
Accordingly, Abeille and his colleague considered different statistical measurements that might be used, and they finally decided on the deficit (something that sounds bad to everybody), and on GDP (which he calls the "universal life jacket" for economists who are having trouble finding a proper reference).
In fact, Abeille wrote in La Tribune, that ratio itself is completely irrelevant, it's "like dividing cabbages by carrots". Because the deficit is the debt that has to be contracted now and paid back over the years, while GDP is only the wealth produced in one year. The only relevant criterion, he writes, is thus the ability to reimburse the debt when it comes due.
And why did they take 3%? Easy! because the GDP forecast for 1982 compared to the planned deficit was just under 3%! "The only basis for it is the circumstances" of that time. 1% would have been too little, he said, and 2% too restrictive. So they brought the 3% magic formula to the head of their Department, who forwarded it to the government.
By August, for the first time in public, Budget Minister Laurent Fabius referred to the deficit-GDP ratio, putting it at 2.6%. After various press reports on the 3% presidential directive, Mitterrand himself declared in June 1982, that the deficit could not exceed the magic, totally made-up, number.
Over the years, it became a mantra. And finally became European-wide, written into "Mitterrand's Baby", the Maastricht Treaty.
By the way, Monsieur Abeille seems to be completely oblivious (or indifferent) to the ravages his cynical calculations have justified.
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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]