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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.

+++ 24. Oktober 2012 +++

British Parliament Hears Arguments for Banking Separation

That an open debate on Glass-Steagall is taking place in London should not be surprising since the City is the very heart of the financial cancer. Leading the charge, as we have documented, are regulators who wish to curb the power of the "state within the state", i.e. the City of London, and legislators who are witnessing the devastating economic and strategic implications of a prolonged world debt crisis and economic depression.

Thus, on Oct. 17, the Joint Committee on Banking Reform of the House of Commons held a hearing with Paul Volcker, former head of the U.S. Federal Reserve and author of the infamous “Volcker Rule”, to assess and discuss the "ring-fencing" proposed by the Vickers Commission and the Liikanen group. Volcker blasted that idea, saying that it has loopholes "likely to get bigger over time". "The concept that different subsidiaries of a single commercial banking organization can maintain total independence either in practice or in public perception is difficult to sustain", he said. For example, if the investment part loses share value, that will effect the shares of the commercial part. Volcker said that if you have the same name on two neighboring doors, that name is the garantor for both.

However, Volcker did not push for a return to the Glass-Steagall Act. His ambiguity prompted committee chairman Andrew Tyrie to ask him what kind of separation he actually supported. He then defended his "Volcker Rule" scheme, which is not a total separation a la Glass-Steagall, but only the separation of proprietary trading. He also insisted at the same time that an effective reform scheme should be extremely simple, which his rule, in the form of the Dodd-Frank bill, is certainly not.

The next day, the editors of the Financial Times correctly chastised Volcker's cowardness. In a commentary headlined "Split the difference", they wrote that "ringfencing – proposed by Sir John Vickers and the Independent Commission on Banking he chaired – and Mr Volcker’s own 'Volcker rule' largely stand and fall by the same arguments."

And further: "The best argument for full separation – and why this newspaper calls for splitting banks cleanly, not erecting fences within them – is the one Mr Volcker made for his own rule. The risk-taking culture of trading is antithetical to the conservative values that should govern retail banking; within a single organisation, the former is likely to seep through any ringfence to overwhelm the latter.

Compare the debate in Great Britain with the attitude of EU leaders and bureaucrats, like Italian puppet Prime Minister Mario Monti who claims ignorance on the subject of banking separation. At a press conference in Milan on Oct. 13, an EIR journalist asked the ex Goldman Sachs advisor if he finds it necessary to return to a separation, since the massive liquidity being injected into the system by the ECB simply goes to feed the speculative bubble on the financial markets, and never makes it to the real economy.

Monti, who was the President of Italy's most prestigious economics university, the Bocconi in Milan, from 1994 until 2011, answered that "on the question of the separation of commercial banks and investment banks… I haven't really looked into it much."



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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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