OK | RESET

SUCHEN

Alle Meldungen durchsuchen  


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.

FUSION


FUSION Nr 1/2008


FUSION Nr 2/2007

BÜCHER


Schiller-Institut: Die Weltlandbrücke wird Realität


Lyndon LaRouche: Die kommenden 50 Jahre

+++ 6. Oktober 2016 +++

Japanese Economist: Deutsche Bank Must Be Nationalized and Put Through Glass-Steagall Reorganization

For weeks now, the financial press has been rife with rumors of the imminent demise of Deutsche Bank, and investors have begun short-selling. While the reasons for Deutsche Bank's collapse are partially internally, in particular a high exposure to inflated, speculative assets, combined with the ECB zero-interest policy, it is really only the most visible aspect of the crumbling of the global financial system.

But now, an operation seems to be underway to make Deutsche Bank an easy prey for vulture funds, in order to loot its deposit and wealth-management division. Whereas the right solution is the one indicated by Lyndon LaRouche and backed by Japanese economist Daisuke Kotegawa, it is likely that the German government, in cahoots with the ECB, is ready to implement a "market solution" for DB, similar to the one implemented for the Italian MPS: sell the bank to a private international consortium in a highly leveraged, securitized scheme.

Last July, Helga Zepp LaRouche put forth a proposal for a government intervention to keep Deutsche Bank afloat as a necessary institution for the German economy, but only provided that the bank return to the competent banking policies of former Deutsche Bank CEO Alfred Herrhausen, who was assassinated in 1989.

A similar approach was supported by the former Executive Director of Japan to the IMF Daisuke Kotegawa, and currently Research Director at the Canon Institute, who oversaw the resolution of the banking crisis in Japan in the late 1990s. In late September, he presented a plan to EIR on how to deal with the DB crisis.

First, there is no option other than nationalization. Neither bailout nor bail-in can overcome the massive derivatives bubble and other liabilities of the bank. To accomplish this, he said, a date must be set upon which all derivatives must be settled. Those that cannot be settled are declared void.

For Kotegawa, a Glass-Steagall-type policy must be imposed on Deutsche Bank, completely separating its commercial banking activities from its investment banking activities.

In preparation for these moves, the entire western banking system must be put on notice that the impact on the counter-parties of the massive derivative holdings of DB which will be declared void – mostly other US and European banks – will be profound, leading to contagion on the markets. Therefore all the major banks, and the governments involved, must prepare to implement similar policies upon those banks which are threatened with failure.

Finally, those responsible for the destruction of DB must go to jail for their crimes. This is necessary, among other reasons, to convince the population that the policy is serious. Kotegawa also stressed that the implementation of Glass- Steagall by all the governments involved, before the crisis explodes, would dramatically lessen the danger of a panic and contagion.





~ deutsch + english ~
Weltweit
Alle Themen

Weitere Meldungen

+++ 21. Dezember 2016 +++

Terror: Obama Issues Threats to Kill

On receiving the first reports, on Dec. 19, of the assassination of Russian ambassador Andrey Karlov in Turkey, American economist Lyndon LaRouche declared: “Put Obama on the list of suspects.”
... [weiter]

+++ 21. Dezember 2016 +++

Zepp-LaRouche Forderung für G-20-Gipfel: Marshallplan für den Nahen Osten und Afrika, statt Dekarbonisierung

In einem strategischen Überblick vom 17.12. befaßt sich Helga Zepp-LaRouche mit der Lage in Syrien nach der Befreiun... [weiter]

+++ 21. Dezember 2016 +++

Hillary Clintons Emails: Alles spricht für ein „Leak“, nicht für „Hacking“

Die Behauptung der CIA, „die Russen“ und Präsident Putin persönlich hätten die US-Wahl durch Computer-Hacking manipuliert, ist so grotesk, daß sogar andere Geheimdienste Bedenken anmeldeten. Der natio... [weiter]

+++ 21. Dezember 2016 +++

Hillary Clinton's Emails: All Signs Point to Leaking, Not Hacking

Barack Obama, Hillary Clinton, CIA Director John Brennan, political figures in both parties, as well as the mainstream U.S. media have still not tired of blaming Hillary Clinton's loss of the presiden... [weiter]

+++ 18. Dezember 2016 +++

Zepp-LaRouche: Germany Must Shape the G20 Agenda with a Marshall Plan for Middle East and Africa, No “Decarbonization” Insanity

In a strategic overview article written Dec. 17, Helga Zepp-LaRouche, chairwoman of the international Schiller Institute, also takes up the issue of Syria. The government, with the support of Russia a... [weiter]

+++ 18. Dezember 2016 +++

Zepp-LaRouche: After the Liberation of Aleppo, A Large-Scale Reconstruction Plan Is Urgently Needed

In a strategic overview article written Dec. 17, Helga Zepp-LaRouche prominently takes up the issue of Syria, after the defeat of the jihadists in Aleppo. She notes that the government, with the suppo... [weiter]

+++ 14. Dezember 2016 +++

As Syrian Forces Empty Aleppo of Jihadists, Obama Moves to Arm Them

The Syrian Army has basically cleared the Aleppo pocket of remaining jihadist fighters, so that the largest city in Syria is now on the verge of being fully under the control of the government in Dama... [weiter]

+++ 14. Dezember 2016 +++

Tulsi Gabbard Introduces Bill to Stop President Obama from Arming the Jihad

President Obama issued a directive on Dec. 8, authorizing delivery of lethal weapons to “foreign forces, irregular forces, groups, or individuals engaged in supporting or facilitating ongoing U.S. mil... [weiter]

+++ 14. Dezember 2016 +++

Economy, Russia: European Leaders Cling to Their Failed Policies

The new dynamic supplanting the geopolitics of the trans-Atlantic world is very much centered on China, and is strongly supported by Russia, India, and a myriad of other developing countries in Asia, ... [weiter]

+++ 8. Dezember 2016 +++

Glass-Steagall Works in China, and Will Be Strengthened

China's banking system has, by some estimates, issued $20 trillion in credit for economic expansion since 2008. At the same time, it has kept the exposure to derivatives down to a very small amount, c... [weiter]

+++ 8. Dezember 2016 +++

Italian Referendum: Another Big Blow for the European Union

The smashing defeat of pro-EU oligarchies in the Italian constitutional referendum of Dec. 4 opens up a new phase in European politics and bears global implications. This is the third shock delivered ... [weiter]

+++ 1. Dezember 2016 +++

Sputnik Interviews Rep of Cheminade Campaign: “Why Fillon and Le Pen Mean Blood and Tears for France”

In an interview given to Sputnik on Nov. 29,the Editor in Chief of the French newspaper Nouvelle Solidarité, Christine Bierre, expressed the views of Presidential candidate Jacques Chemi... [weiter]

+++ 1. Dezember 2016 +++

François Fillon: A "Thatcherite" Who Calls for Dialogue with Russia

Former French Prime Minister Francois Fillon smashed his opponent in the Nov. 27 second round of the presidential primary organized by Les Républicains (right wing and center parties) taking 65.5% of ... [weiter]

Weiter zurückliegende Meldungen