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World Elite Have A Reality Check : Glass-Steagall or Die

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posted on Jul, 13 2012 @ 03:32 PM
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"The collapse of the global financial system is coming to a head whereby significant elite banking institutions and the wealthiest families have grouped together to call for a Glass-Steagall reform in the UK and the US. This opens the doors to a global Glass-Steagall Standard of banking worldwide."

Source

On the Fourth of July, 2012, the voices of some of the most respected figures referenced by the British press in London, had shocked the politically sentient circles of the planet, with the publication of a report whose source has included the members of a circle of public figures from among the most highly respectable, relevant circles of Great Britain. Those voices had announced that some crucial elements of that famous empire’s leading press had suddenly called for wiping out the nominally richest British banks in the world, in order to rescue both Britain and the United States from a terrible catastrophe. The relevant British proponents had proposed cooperation between the United States and Britain on this specific account.




"Lyndon LaRouche Responds to Britain · July 7, 2012 Lyndon LaRouche issued the following remarks regarding the breaking developments coming out of Britain and their proposal that the United States join them in establishing a classical Glass-Steagall banking reorganization of the transatlantic financial system immediately."

Source

These actions have been taken with the full knowledge that the fight for Glass-Steagall has been led—in the United States and in Europe—by Lyndon LaRouche. As he noted in the brief statement that appeared earlier, LaRouche is the only person qualified to engineer the return to Glass-Steagall and a system of fixed-exchange-rate sovereign currencies in the trans-Atlantic region. In discussions with colleagues today, LaRouche emphasized that, if leading figures in the trans-Atlantic governments do exactly what LaRouche has prescribed, we can go into an immediate economic recovery. "London has delivered a shot across the bow, and we are the world leaders on Glass-Steagall," LaRouche declared on Friday. "A group of responsible people in Britain has decided that the fate of everything that is important to them requires an immediate Glass-Steagall reform."



edit on 13-7-2012 by Daedal because: Edit




posted on Jul, 13 2012 @ 03:47 PM
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the USA...will continue without a renewed Glass-Steagall... at least for the Corporate industry and the 'players' in the Derivatives caldron that exceeds $1.7 Trillion

the govt needs the transaction fees the (almost continual) Derivatives payouts provide


Now... i really think that the government will once again try to issue 'silver certificate' script for the Main Street America sector of the country and allow the Casino Markets/financial houses to operate with the 'casino' Digital Money... there will likely grow a FOREX exchange rate between the two monies (well manged by the Treasury instead of predators like JPMorgan or GSachs)

who knows...just my guess
edit on 13-7-2012 by St Udio because: (no reason given)



posted on Jul, 13 2012 @ 04:34 PM
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Considering that the politicians, banksters and financialcrats are looting treasuries, engaging in massive fraud and demanding austerity around the world, I vote we let them die.

These groups have collectively decided to victimize all of humanity for their personal gain. Any reform is too little, too late.



posted on Jul, 13 2012 @ 04:40 PM
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I think they should all be admitted for evaluation as possible schizophrenics.

they repealed that 13 years ago, demolished the global financial system within 9 years and now they want to put it back in place?

this isn't cute, is it?



posted on Jul, 13 2012 @ 05:30 PM
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reply to post by Daedal
 


lol
day late pound short IMO
they are already looting the seed capital [and this probably includes CAFR monies]
larouche has been pointing out the insanity of these banksters for quite a while
and the fact that banskters are responsible for the collapse of most if not all the great civilizations
all the way back to mesopotamia.

all the while the naysayers and the banksters themselves the loudest
kept mockingly asking why hasn't it crashed yet


Why the long expected economic crash has not happened yet; notes on the irreversible decapitalization of the West. Freedomain Radio is the largest and most popular philosophy show on the web - www.freedomainradio.com...





posted on Jul, 13 2012 @ 08:36 PM
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reply to post by Daedal
 

I just read some backround on this.

Am I getting it right that the Glass-Steagall was put in place to secure local banking stability. Occasionally it has been softened which seems to have resulted in financial disasters each time. About nine years ago it was systematically abandoned and now they want to reactive it globally.

I have a sense that it has acted like a brake and release. So has this brake and release been effected to bring about the necessity of enacting Glass-Steagall provisions world-wide?

So is this reactive or engineered?



posted on Jul, 15 2012 @ 02:01 AM
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Originally posted by troubleshooter
I just read some backround on this.

Am I getting it right that the Glass-Steagall was put in place to secure local banking stability. Occasionally it has been softened which seems to have resulted in financial disasters each time. About nine years ago it was systematically abandoned and now they want to reactive it globally.

I have a sense that it has acted like a brake and release. So has this brake and release been effected to bring about the necessity of enacting Glass-Steagall provisions world-wide?

So is this reactive or engineered?


I am wondering the same thing. Your break/release analogy reminds me of an artificial inflate/deflate to steal wealth. I don't fully understand this Glass-Steagall concept, but it sounds like it would indirectly prevent inflation to some extent by restricting many of banks current practices. So then could this trigger a deflation in economy? Hopefully someone with more knowledge on the subject can post here.

How credible is Lyndon LaRouche? His wiki page labels him a Conspiracy Theorist, but then again so is Alex Jones so that doesn't mean anything.

As far as being reactive or engineered, so far the US government seems to be opposed to the idea based on the information in two OP videos . If the US government says something is a bad idea, that is usually code for it's a good idea. If the USA comes up with a counter proposal or somehow the IMF and World Bank get heavily involved that will be a red flag for me. Sounds like a good opportunity for someone to move in with a new currency, whether domestic or international.



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