ist überschritten!
Bipartisan Action to Stop Obama's Police State Drive
Many More Revelations on Obama Administration Abuse of Power Expected
“National Security”, a Catch-All for President Obama's Expanding Police State
Obama nimmt „nationale Sicherheit“ als “Totschlagargument” für die Aufhebung der Bürgerrechte
The Case of Spain's Bankia, or How EU Savers Are to Be Despoiled
Rotstiftpolitiker und Umweltschützer machen Deutschland zum Flutopfer
Cheminade: BIS Prepares Bail-in, Like in the 1930s
Susan Rice and Samantha Power: Obama Names Two Blair-Soros Groupies to Deal a Blow to National Sovereignty and Peace
New Report on “Foreign Fighters” in Syria that France, Great Britain and Obama Are Intent on Arming
Syrien bleibt ein möglicher Auslöser eines Weltkriegs
EIR Sonderberichte
Ein neues Paradigma
für das Überleben
der Zivilisation
Obama's War on America: 9/11 Two
Neuer Kurs für die Welt:
Großprojekte statt grüner Deindustrialisierung
Statt Finanzkrach
und Kriegsgefahr:
Entwicklung der Welt!
Wirtschaftsaufbau für
das 21. Jahrhundert - Trennbankensystem
statt Rettungspakete!
Trennbankensystem:
Investieren statt Spekulieren! Für eine neue Industriepolitik souveräner Nationen
Deutschland braucht eine Zukunft:
Kernenergie statt Windmühlen
Vier-Mächte-Bündnis für den Aufbau Eurasiens - Chance für 2010: Marsprogramm statt Kasinowirtschaft
Mit Leseprobe:
Vorwort von Helga Zepp-LaRouche
und Es tut sich was in Asien von Lyndon LaRouche
Der nächste Schritt: Wiederaufbau der Realwirtschaft
oder
Vierzig Jahre neoliberale Wirtschaft gescheitert -
Jetzt ein Neues Bretton Woods!
Mit Leseprobe:
Vorwort
von Helga Zepp-LaRouche
EIR Magazin
1974 von Lyndon LaRouche gegrundet und wöchentlich in Washington, D.C. herausgegeben
EIR Online
The LaRouche Show
Internetradio
(in englischer Sprache):
immer Samstags
um 21:00 Uhr (MEZ)
Bank Separation: Steinbrück's Fence Is Very Low
Whereas the campaign for a return to the original Glass Steagall Act is gaining ground in the United States (cf. below), and has found prominent supporters in London, the debate in Germany on banking separation among political layers shows cowardice to address the real issue. Such is the case of the SPD, whose likely next chancellor candidate, Peer Steinbrück, presented Sept. 25 the results of the party's working group on financial reform which he presides. Avoiding any reference to the fight for a real Glass-Steagall, he endorsed an OECD proposal for bank separation under a common roof, which is similar to the "ring-fencing" recommended by the Vickers Commission in Britain.
The relevant section in the 30-page paper by former Finance Minister Steinbrück states: "For banks with complex business activities, it is difficult in individual cases for an outside person to determine whether a transaction represents proprietary trading, a reinsurance deal or a client's order. Therefore, at these banks, the deposit and loan branch should be protected in a second separation stage from this gray zone area of activities in investment banking. The necessary protection of the deposit and loan branch must not go so far, however, as to prevent big banks from exercising their services function for the real economy in their entirety..."
Therefore, he proposes a kind of holding company, where loans and deposits would be pursued in subsidiaries separate from those of investment banking and other branches. One Wall Street insider characterized Steinbrück's paper appropriately as "a really very low fence" which speculators could easily jump over.
Other proposals in the paper would further chip away at German sovereignty, such as the creation of a 200-billion-euro banking consolidation fund on a European level, to be paid into by the private banks, and a Eurozone-wide banking supervision agency at the European Central Bank. The better side of Steinbrück's plan is the call for bans on OTC transactions and on food and commodity derivatives trades, which are based exclusively on credits and/or have no link to a real economic business, and are done merely for the purpose of speculation.
The SPD, however, is not likely to make this a legislative issue now, and the paper is only designed to be incorporated in the party platform for the September 2013 national elections, and it would not become official policy before the end of next year – should Steinbrück become the new German Chancellor, of course.
Weltweit
Alle Themen
Weitere Meldungen
Bipartisan Action to Stop Obama's Police State Drive
Since the revelations came out on the mind-boggling spying operation of the National Security Agency (NSA), carried out with President Obama's approval or at his instigation, a number of bipartisan in... [weiter]
Many More Revelations on Obama Administration Abuse of Power Expected
Former NSA contractor Edward Snowden, currently in Hong Kong, has told the media that he has much more to tell about the secret surveillance programs of which he was a part (cf. [weiter]
“National Security”, a Catch-All for President Obama's Expanding Police State
As new spying scandals were revealed one after the other, and one more serious than the other, concern has grown among Democrats that President Obama has gone far beyond his predecessor, George W. Bus... [weiter]
Obama nimmt „nationale Sicherheit“ als “Totschlagargument” für die Aufhebung der Bürgerrechte
Während fast schon täglich ein neuer „Skandal“ der US-Regierung ans Licht kommt, wächst die Sorge in der Demokratischen Partei, daß Präsident Obama bei der Mißachtung der Verfassungsrechte der Amerika... [weiter]
The Case of Spain's Bankia, or How EU Savers Are to Be Despoiled
On May 28, some 200,000 individuals who had once been small savers in Spain's bankrupt Bankia bank, were violently despoiled of what little remained of their original savings. New shares in the nation... [weiter]
Rotstiftpolitiker und Umweltschützer machen Deutschland zum Flutopfer
Die östlichen und südlichen Gebiete Deutschlands, wie auch große Teile Österreichs, Tschechiens, der Slowakei und Ungarns wurden Opfer der „großen Flut 2013“. In vielen Regionen deutscher Bundesländer... [weiter]
Cheminade: BIS Prepares Bail-in, Like in the 1930s
Former French Presidential candidate Jacques Cheminade wrote the following editorial June 12, headlined “Blind men”.
Our country's political leaders remind me of the blind men in rags pai...
[weiter]
Susan Rice and Samantha Power: Obama Names Two Blair-Soros Groupies to Deal a Blow to National Sovereignty and Peace
Demonstrating once again his unfitness to serve as President of the United States, Barack Obama announced on June 5, that he was appointing Susan Rice to replace Tom Donilon as National Security Advis... [weiter]
New Report on “Foreign Fighters” in Syria that France, Great Britain and Obama Are Intent on Arming
A very nasty disinformation operation conducted late May very nearly brought the crisis in Syria to a point of general war. Indeed, news reports that went out internationally claimed that President Ba... [weiter]
Syrien bleibt ein möglicher Auslöser eines Weltkriegs
Zwei Entwicklungen der letzten Woche unterstreichen erneut die akute Gefahr, daß die Krise in Syrien sich zu einem großen Krieg ausweitet – und sei es nur aus Fehlkalkulation.
Erstens gab es ein...
[weiter]
Europeans Speak out for Glass-Steagall Style Bank Separation
An important breakthrough on the bank separation front occurred in the United States on May 29, when a resolution was introduced in the parliament of New York State, calling on the House of Representa... [weiter]
Merkel Tangos with Hollande to the Tune of “Bail-in”
What happened to Spanish depositors on May 28 is a foretaste of the fate that awaits all Europeans. On that day, depositors in Bankia lost billions of euros when the shares which they had been given i... [weiter]
Bankenunion: Europaparlament weicht sogar Schutz für Sparer auf
Was spanische Sparer am 28.5. erleben mußten, ist ein Vorgeschmack auf das Schicksal, das alle Europäer erwartet. Einleger des Bankhauses Bankia verloren Milliarden, als die Bankia-Aktien, gegen die s... [weiter]
Bail-in: Grass Roots Mobilization in U.S. to Stop Treasonous Dodd-Frank Bill
The LaRouche Political Action Committee (LPAC) has significantly escalated its campaign for reinstituting the original Glass-Steagall Act of 1933, with the release of a devastating new exposé of the D... [weiter]
Schiller Institute Conference Featured in Russian Weekly Zavtra
The latest issue of the Russian weekly newspaper Zavtra runs a full-page article, beginning on the front page, on the April 13-14 conference of the Schiller Institute, held in Flörsheim, German... [weiter]
African Union Leaders Stands up to Colonialist International Criminal Court
At their summit on May 27 in Addis Abeba, African Union Heads of State adopted a resolution by consensus demanding that the ongoing legal proceedings at the International Criminal Court against Kenyan... [weiter]
Eine Studie der amerikanischen RAND Corporation besagt, falls der Iran Kernwaffen besäße, sei dies keine unmittelbare Bedrohung
Eine Studie der US-amerikanischen Denkfabrik RAND Corporation mit dem Titel Der Iran nach der Bombe kommt zu dem Schluß, daß „Kernwaffen kaum die grundlegenden Interessen und Strategien des Ira... [weiter]
Bankster schrieben den Gesetzentwurf der EU zur Enteignung der Bankkunden!
Unsere Warnung, daß das Finanzsystem vor einer schlimmeren Explosion steht als 2007-08, ist in jüngster Zeit durch prominente, unabhängige Stimmen aus der Finanzwelt selbst untermauert worden. Die aus... [weiter]
Banksters Wrote EU Legislation on Bail-in!
The global financial system is headed irrevocably toward collapse, and it will be far more violent than in 2007-2008, as independent voices in the financial community have warned. Just consider that t... [weiter]
The Greening of the Socialist International, Led by SPD
In the context of its 150th anniversary, the German Social Democratic Party (SPD) officially launched on May 22 the "Progressive Alliance" (PA), comprising 70 socialist and democratic parties, which d... [weiter]
Syria, Iran: Superpower Confrontation or Cooperation?
Whether the ongoing Syria crisis will be the trigger for global war, or will be resolved through a superpower diplomatic effort that leads to greater cooperation on a whole range of strategic issues, ... [weiter]