Author: David

The European leadership is panicked about the rapid collapse of the banking system. Italy is blaming Germany and Deutsche Bank, Germany is blaming Italy, while Wall Street complains about the Europeans undermining the fake “recovery.” This is dangerous and psychotic nonsense. We are experiencing the breakdown of the entire trans-Atlantic banking system, not just some part of it, and no solution exists outside of the immediate creation of laws in Europe and the US to facilitate a new, Hamiltonian financial and economic order. The $2 quadrillion in derivative gambling debt must be written off, and the commercial banking system recapitalized to do its legitimate job, directing credit into reconstructing the world economy.

The fact that both the Republican and Democratic parties have placed passage of Glass-Steagall into their electoral platforms has sent Wall Street into conniptions, terrified that, as Barrons reports, “there is an unappreciated risk that Glass-Steagall could be reimposed in 2017 or 2018, regardless of who wins.” The fact is, the momentum for Glass-Steagall is not coming from the already failed candidates, nor from the failed parties they represent, but from a shift in thinking in the population in the direction of the LaRouche movement’s decades long fight for Glass Steagall.

The same is true of the release of the 28 pages on the Saudi role in international terrorism, a fight led by the LaRouche movement. The population had been lulled to sleep about the danger of Bush and Obama’s overt support for terrorists to achieve their “regime change” objectives, and also about the reality of the economic disintegration of the entire western financial system under the casino approach to banking. Now that neither can be covered up, the truth is finally in the public eye.

As the emergency statement of July 12 by Helga Zepp-Larouche states about the pending collapse of Deutsche Bank, there must be “an immediate reorientation of the bank, back to its tradition which prevailed until 1989 under the leadership of Alfred Herrhausen.” Mrs. LaRouche emphasized Monday that Herrhausen was assassinated in 1989 because he was responding to the unfolding collapse of the Soviet Union with a new policy, based on a higher concept of Man and Mankind’s common aims. He posed an immediate mobilization of the Western economies to launch infrastructure and industrial reconstruction in Poland, and eventually across Eurasia — precisely as Lyndon LaRouche had identified in his famous Kempinsky Hotel press conference in Berlin in October 1988.

The British Empire and its satrapies could not tolerate that new paradigm, and with Herrhausen’s elimination, launched the transformation of Europe into a centralized dictatorship under the 1992 Maastricht Treaty, under a banking system which put profit maximization through speculation ahead of human development, while provoking endless wars. That process has now brought the entire system to ruin.

Lyndon LaRouche today reiterated that Germany, the US, and every other Western nation must immediately create new legislation to change the system — the entire system — back to Hamiltonian banking of the sort which Herrhausen practiced, and begin immediately generating credit to the full carrying capacity of the national economies of the trans-Atlantic region.

While the dangers are multiplying — of terrorism, war, financial collapse — so also are the breakthroughs, as with Glass-Steagall and the 28 pages. With China and Russia leading the world towards a new paradigm based on global development and cooperation against terrorism, now is the time to turn the US back to its Hamiltonian roots, to join with our natural allies, Russia and China, as we did in defeating fascism in World War II, and as we must in defeating the new fascism today coming from the City of London and Wall Street.

I’m in, keep me connected.

For the past two weeks we have put forward — as an indispensable action to be taken, now, in this economic and cultural crisis — Lyndon and Helga LaRouche’s proposal to save Deutsche Bank from looming bankruptcy, to avoid world war. Because Germany’s economy is the only one with the productive potential to save the wreck of Europe, by linking with China’s great New Silk Road project to develop Eurasia, the Middle East, Africa.

Otherwise there will be war with China, or with Russia. The Obama White House is steadily trying to provoke war confrontations with both Russia and China, and demanding that Europe push those provocations, through NATO. If the terrorist splinters of Obama’s Mideast and Libya wars are bombing Europe into a state of shock, they have his sympathies, as long as they continue to join in military confrontations with Russia and China. Hillary Clinton is just as determined on this war policy.

There is no question, especially after Brexit, that Germany is Europe’s future. But if it is Angela Merkel’s and Wolfgang Schaeuble’s Germany, adulterated with the even more warlike Green Party, there will be world war.

Thus the LaRouches proposed: It must be the Germany of Alfred Herrhausen, the assassinated head of the once-productive but now wretched and criminal giant, Deutsche Bank. Specifically, the Alfred Herrhausen who in 1989 was launching a development bank to lift up Poland and the Soviet East economically as the Soviet Union collapsed — and he was murdered.

Herrhausen’s plan then for Deutsche Bank and Germany, was a paradigm of what Germany can again be, as Europe’s future now.

The trans-Atlantic banking and financial system is falling apart. It is the victim of its own members, the City of London-centered European and Wall Street megabanks, which have crushed the real productive economies underneath them over decades of globalization. The trigger for the imminent crash is not simply Italian banks’ bad loans, or London property funds closing down, or the big German and Swiss banks in trouble, or even the ECB and Federal Reserve’s crazy policies; but the destruction of the productivity of the underlying economies over decades while the casino has boomed on top of them.

If the failing megabanks of Europe are to be recapitalized, they must be made to write off their casinos as total losses, and re-adopt the productive purposes epitomized by Herrhausen’s leadership of Deutsche Bank. Then, national credits can be generated, in the way China alone has done in this century, for the kind of projects which resuscitate the productivity of human beings and economies.

In the two weeks we have put forward this indispensable proposal by LaRouche, there have been important breaks in the United States. The “Saudi chapter” of the story of 9/11 has finally been forced out.

Glass-Steagall restoration has been put into the Presidential platforms of both Democrats and Republicans.

But the way to fight for Glass-Steagall reorganization of the banks, is with the “lever” of LaRouche’s proposal. Then this fight becomes one for a future for Europe and the United States as well.