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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.
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."
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...
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?