The Coming Three Weeks Are Predetermined By Dynamics:
Implement the Measures I Propose, or We Loose Humanity.
Let's get the picture: First of all, what some of you still don't understand, even bright people, you still think in terms of kinematics, not dynamics, and this is typical. There are very few people— only by being pushed, do they ever get to dynamics. You're just not used to it. A former President doesn't really understand it, either, and they make mistakes.
All right, now what are we into? We saw a process last August, in which a lot of the American people went out to tell their Congress, "You — shut up! Now, listen: Here's what we want you to do for us, now you listen!" Okay, that process didn't end. It wasn't an "event": There was a process, where the American people were stirred up to the point, they were telling their representatives in the Congress, "You! Shut up. Listen —you're acting terribly. You're going to change now, aren't you? Here's what we want you to do, we want you to listen, and change your behavior."
Well, they didn't, did they? They still are playing the games, like the crazy thing — I mean, this idea of trying to push this health care through is a real piece of idiocy! Particularly at this stage.
Well, the process has gone on, since last August. It's undergone various transformations. Now, we're reaching the point that we're headed toward a breakdown. There's a breakdown crisis in process in Europe, there's a breakdown crisis in the Americas, there's a breakdown crisis inside the United States. We can not, at this point, assume, that unless we do what I will emphasize we must do, by the middle of January — no later — unless we do that, the United States will go down, and the world will go down, into a prolonged Dark Age. So people who have these ideas about step-by-step, the usual kinematic kind of thing, we'll do this, and then we'll do this, and then we'll do this — no! You won't do that.
What's going to have to happen, the first thing that's going to have to happen to do any damned good at all—any other measure's a waste of time—is to immediately install a transformation from a monetary system to a credit system. And this is done by the vehicle of a Glass-Steagall reform of the entire banking system. Which means that those parts of the banking system which do not conform to a Glass-Steagall standard are simply put aside; they don't count. And that would probably take a good deal of about $22-23 trillion worth of bailout money away—it would just fly away, a good deal of it. And then, we would turn around, on the same day virtually, and we would utter credit-system credit for large-scale programs. We would immediately install the Homeowners and Bank Protection Act of 2007, which should have been done then: because the housing crisis is very serious, right now, and there's no answer to it, except this.
First of all, you agree that you're going to change the U.S. system, from a monetary system, which it is now, to a credit system. And the credit system will conform to a Glass-Steagall standard for commercial banks. And we're concerned only about commercial banks, and also savings banks, of course; but, commercial banks. The Wall Street-type banks, they're on their own. If they can't meet up to the standard? That's it! We're going to write off trillions of dollars of phony-money debt, in order to save the world.
And this has to be done in the first weeks in January. This is the highest priority: This is emergency legislation, because if we don't do that, somewhere, maybe a little bit after the middle of January, or even possibly before, the whole system's coming down if we don't do it, beforehand. MORE: http://www.larouchepac.com/node/12879
THE REAL CHANGE IS COMING
Implement the Measures I Propose, or We Loose Humanity.
Let's get the picture: First of all, what some of you still don't understand, even bright people, you still think in terms of kinematics, not dynamics, and this is typical. There are very few people— only by being pushed, do they ever get to dynamics. You're just not used to it. A former President doesn't really understand it, either, and they make mistakes.
All right, now what are we into? We saw a process last August, in which a lot of the American people went out to tell their Congress, "You — shut up! Now, listen: Here's what we want you to do for us, now you listen!" Okay, that process didn't end. It wasn't an "event": There was a process, where the American people were stirred up to the point, they were telling their representatives in the Congress, "You! Shut up. Listen —you're acting terribly. You're going to change now, aren't you? Here's what we want you to do, we want you to listen, and change your behavior."
Well, they didn't, did they? They still are playing the games, like the crazy thing — I mean, this idea of trying to push this health care through is a real piece of idiocy! Particularly at this stage.
Well, the process has gone on, since last August. It's undergone various transformations. Now, we're reaching the point that we're headed toward a breakdown. There's a breakdown crisis in process in Europe, there's a breakdown crisis in the Americas, there's a breakdown crisis inside the United States. We can not, at this point, assume, that unless we do what I will emphasize we must do, by the middle of January — no later — unless we do that, the United States will go down, and the world will go down, into a prolonged Dark Age. So people who have these ideas about step-by-step, the usual kinematic kind of thing, we'll do this, and then we'll do this, and then we'll do this — no! You won't do that.
What's going to have to happen, the first thing that's going to have to happen to do any damned good at all—any other measure's a waste of time—is to immediately install a transformation from a monetary system to a credit system. And this is done by the vehicle of a Glass-Steagall reform of the entire banking system. Which means that those parts of the banking system which do not conform to a Glass-Steagall standard are simply put aside; they don't count. And that would probably take a good deal of about $22-23 trillion worth of bailout money away—it would just fly away, a good deal of it. And then, we would turn around, on the same day virtually, and we would utter credit-system credit for large-scale programs. We would immediately install the Homeowners and Bank Protection Act of 2007, which should have been done then: because the housing crisis is very serious, right now, and there's no answer to it, except this.
First of all, you agree that you're going to change the U.S. system, from a monetary system, which it is now, to a credit system. And the credit system will conform to a Glass-Steagall standard for commercial banks. And we're concerned only about commercial banks, and also savings banks, of course; but, commercial banks. The Wall Street-type banks, they're on their own. If they can't meet up to the standard? That's it! We're going to write off trillions of dollars of phony-money debt, in order to save the world.
And this has to be done in the first weeks in January. This is the highest priority: This is emergency legislation, because if we don't do that, somewhere, maybe a little bit after the middle of January, or even possibly before, the whole system's coming down if we don't do it, beforehand. MORE: http://www.larouchepac.com/node/12879
THE REAL CHANGE IS COMING
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