Monday, May 31, 2010

On the Urgent Ouster of President Barack Obama: Our Editorial Policy | LaRouchePAC


by Lyndon H. LaRouche, Jr.

May 27, 2010


Considering the relevant, stubbornly recurring patterns of evidence accumulated since the Obama Presidency’s monstrous, Hitler-like health-care scheme was prominently reported in April 2009.

It should be our present conclusion, now, that, over the course of the interval since his January 2009 inauguration as U.S. President, it has now been shown by President Barack Obama’s behavior, that the effect of his variously enacted and actually established policies, is, as a matter of fact, more and more, that of an agent of a British empire working to destroy our United States, as his behavior in the matter of the scandalous case of British Petroleum illustrates the point.

That is to say, that the effect of his practice upon the lives and welfare of our people, has been: that a pattern has been shown, chiefly, by economic policies whose expressed intent has been like a housewife’s dosing an unwanted husband’s still-living body with a slow accumulation of arsenic. In this case, Obama’s, the action is treasonous in a matter of a willfully induced effect.

In this case, the only reasonable conclusion must be, that his poisonous dosages of his victim, our U.S.A., are rather large, and that the effect has become the evidence that the intention of President Obama’s policy of practice in this matter has been to rapidly ruin our United States of America’s sovereign independence, that for the pleasure of the present, imperial British monarchy.

Such is that incumbent President’s monstrous policy, a policy being continued currently by means of actions which are currently reducing our republic, step by step, to a captive piece of shattered wreckage, through measures including the following three categories:

a.) By usurious and related policies of induced ruin of both our nation’s sovereignty and general welfare;

b.) By use of included means of implicitly treasonous policies which are shown to have been launched as a matter of concerted action by the British Empire under Queen Elizabeth II;


c.) By the complicity of that monarchy’s reign’s current puppet-in-fact, a more and more “Emperor Nero-like,” U.S. President Barack Obama.

Thus, the Obama Presidency’s challenge to the proper conscience of all of the fully witting patriots of our own republic, is one which goes far beyond what might be considered as merely sufficient grounds for “impeachment-in-fact” of a certain, errant incumbent of the U.S. Presidency: President Barack Obama.

Obama’s continued holding of that office, including his ruinous influence over the institutions of the Federal Government in general, has now shown us a pattern of his behavior which, in credible, practical effect, constitutes an immediate threat to the continued existence of our sovereign constitutional republic, and also to the general welfare of the peoples of our planet as a whole.

It is to be emphasized, on this account, that as in Afghanistan, today, the present British Queen and President Barack Obama share the coloring of a declared commitment to the fully witting promotion of a mass-murderous production in support of an international traffic in illicit drugs. In fact of conspicuous practice, the Queen does push dope—globally!

Therefore, our own currently recommended policy must be, chiefly, the following remedial measures:


2.) WE MUST ADOPT THE ENERGETIC PROPOSAL FOR A CERTAIN, CRUCIAL POSITIVE MEASURE: A FOUR-POWER, NEW, VIRTUALLY GLOBAL INITIATIVE, that by the initiative of no less than the U.S.A., Russia, China, India, and other willing sovereigns, thus initiating the relaunching of the world’s real economy on a global scale, through ending the reign-in-fact of the British Empire of Queen Elizabeth II over matters bearing on the vital, sovereign interests of both the U.S.A. and of other nations. That is a goal to be made achievable through establishing a global Glass-Steagall standard of a benefit shared among willing sovereign nations, a goal effected through the intended, relatively global establishment of a fixed-exchange-rate credit system whose benefits are to be shared among all willing nations who become party to such an agreement.

3.) WE MUST ESTABLISH AN ECONOMIC-DEVELOPMENT POLICY FOR OUR PLANET’S PEOPLES, one premised upon an included commitment to a science-driver program for mankind’s future, to be gained through aid of the realization of space-colonization goals.


An urgent lesson in economics!



It had been well said by the celebrated scholar George Santayana, that: “those who refuse to remember the past are condemned to repeat it.” Unfortunately, although the name of “history” is still in the dictionaries, the practice of knowledge of actual history, as distinct from academically flavored anecdotes, has been virtually banned, increasingly, from our public memory, since the assassination of essential political truths by the so-called “Warren Commission.”

Santayana was correct.

There is a qualitative distinction between the parades of merely, “ostensibly academic” anecdotes which pass for “history” in most of academic and like places today, and, the contrary option, that of discovering the actual long-ranging dynamic of real history.

For example:

During approximately the Seventh Century B.C., the sovereign maritime powers of Egypt, the Etruscans, and the Ionian seafarers based in the western coast of Anatolia, had joined in a naval alliance for defense against the Mediterranean maritime forces centered in the city of Tyre. The relevant pattern of that maritime conflict in the Mediterranean region had not begun then; but, it expressed a pattern which is notable, still today, as being continued through the time of what were called the Punic Wars, and beyond.

The imperial maritime power of Tyre itself, had been broken, later, through the leadership of Alexander the Great in bringing about the process of destruction of what is commonly referred to as the Persian Empire of that time. This latter accomplishment had occurred during a time that an Athens-centered alliance of the sea peoples known popularly today as “the ancient Greeks” had, previously, defeated the maritime forces of the Persian empire, but, had, themselves, then fallen prey to the folly of the imperialist schemes of fratricidal warfare which had been arranged for them as that perennially evil, monetarist, Delphi Apollo cult’s orchestration of the Peloponnesian War.

In modern times, the British Empire, which followed the model of the Delphi Apollo cult’s orchestration of the Peloponnesian War in such matters as this, has also gained and maintained its imperial power, similarly, beginning with that pattern known as that Eighteenth-century “Seven Years War” which has been since repeated, again, in the British orchestration of the Napoleonic wars, and, again, of all other major warfare in the trans-Atlantic world, including two so-called “world wars,” the prolonged “cold war” of 1946-1989, the prolonged Indo-China war, and beyond, up to the present day in the British drug-trafficking center called Afghanistan.

In the real history of the world, Napoleon Bonaparte was a British agent in effect, whether he recognized that fact or not. Virtually all the major wars of the world since the so-called “Seven Years War,” such as the Napoleonic wars, were organized as wars by the British empire as implementations of the same methods expressed in the British luring of its intended victims of continental Europe into fighting silly wars which accomplished the effect of clearing the decks of the world for the establishment of the British empire of that time as an enterprise of a private company known as the British East India Company. This was the same British scheme which was the cause of the launching of the fight for freedom against the British East India Company and its traitorous accomplices among us, which led us fatefully to the necessity of fighting our War of Independence against a British empire which, in fact, remains the chief enemy of our own and many other nations still today.

Santayana’s warning was right again, and yet again, up through the royal British dope-pushers luring a foolish, British-controlled Obama government of the United States, into the lunacy of its war in a world opium capital called Afghanistan presently!

Similarly, from the time of the death of Macedon’s Alexander the Great, through the time of the agreement reached on the Isle of Capri between, on the one side, the party of the Octavian who would become known as Augustus Caesar and, on the other, the party of the priests of the Cult of Mithra, the established powers of the three maritime, religious powers of Rome, Egypt, and Mithra, dominating the Mediterranean, were assimilated into a form of the imposition of a greater power known as the Roman Empire.

Hence, from that time onward, until the victory of the United States in securing its freedom in fact from the tyranny of British Empire, at Yorktown, the imperial leading maritime power of the world, which had been formerly based in the Mediterranean, is to be recognized presently in the expression of a power which had passed, repeatedly, through a succession of particular expressions of a continuing, imperial maritime power which has been modeled on the monetarist policies of such as the representatives of the Delphi cult of Apollo.

Such was the case of the Roman Empire figure of the Plutarch who was the last triumphant imperialist priest of that Delphi Cult of Apollo which was a great political power within the ruling circles of the Roman empire itself. Such is the true past of the world’s only true, monetarist empire of today, as expressed in the so-called British Empire in both its associated British Commonwealth and its Wall Street, the Boston Vault, and Chicago arms.

In the same imperialist tradition, since the onset of the decline of the Second Roman Empire, also known as the Byzantine Empire, approximately 1000 A.D., then with the rise of the power of the usurious power which came to be formed around the creation of the City of Venice, until the victory at Yorktown: the trans-Atlantic world had been long dominated, for much more than a thousand years, by a succession of European imperial monetarist maritime powers modeled upon a succession of the Delphic system. The emergence of the British empire in the February 1763 Peace of Paris, is typical of that legacy.

Thus, what is happening world-wide at this present moment, is a now global breakdown-crisis of that British fag-end of what had emerged out of the Delphic legacy of the Peloponnesian War and ancient Roman imperialism, an imperialism which has emerged out of the continuity of more than 3,000 years of European history which, as I have just emphasized here, is a continuity expressed in such forms as the ancient Mediterranean-centered maritime imperialism of what had once been a triumphant imperial Rome. The last reigning relic of that imperial tradition today, is the presently disintegrating British model of what is continued, still today, as the ancient European monetarist form of maritime imperialist system.

Such is the key, to be found in history, for reaching a competent understanding of the roots of the present, terrible, global economic breakdown-crisis under way for civilization as a whole.

Contrary to popular history, it is not events which drive the processes of history; it is the processes of history which drive events.




What can be competently identified as “modern history” began within the opening decades of Europe’s Fifteenth Century. This continuing process of modern history’s principal, subsumed phases of development, which came to include Pacific and Indian Oceans cultures as already the European, is divided in respect to the principally controlling forces chiefly responsible for its successive phases of effects, as, approximately, among, first, the Fifteenth-Century European Renaissance; second, the Sixteenth-Century phase of the combined effects of the religious warfare of 1492-1648, and of the initial Habsburg-dominated colonization of post-Christopher Columbus Central and South America; third, the French- and English-speaking Seventeenth-and-Eighteenth-centuries development of the transformed quality of predominantly English-speaking European civilization which was planted in North America; and, fourth, that great existential, global conflict centered in the conflict which has been continued between the United States of America and the British Empire throughout the Nineteenth and Twentieth centuries—and now into the Twenty-First Century.

There had been, admittedly, relatively powerful earlier cultures in the trans-Pacific and related regions during ancient times preceding the consequences of the Fifteenth-Century rise of modern Europe out of the process leading into the Fifteenth-century founding of modern European development through the rate of increase of regional productive power, per capita and per square kilometer, which had left the continents of Africa and Asia behind until the time that the impact of the development of the cultural forces specific to the culture of European science and technology was being assimilated by other continents. This later breakthrough into the domain of the admittedly still limited, modern technological progress of Asia and Africa came as a by-product of the same initiative projected by Cardinal Nicholas of Cusa which launched the modern European discovery of and developments within the Americas.

This distinctive significance of the development of modern Europe since the impetus of the great ecumenical Council of Florence, is properly understood as an echo of the revolutionary changes under Charlemagne, and such later initiatives on which the launching of the European Fifteenth-century Renaissance would depend, as typified otherwise by the exemplary role of Dante Alighieri and his tradition.

Looking more deeply into the general history of mankind’s known civilizations, the pattern of once-rising and fallen civilizations and their cultures, has had the function of a testing of mankind’s capacity to purge itself of those cultural habits which had been the chief causes of great failures of entire civilizations which have, so to speak, “cleared the decks” of past history of failed experiments in culture and statecraft. The same logic poses the warning, that either we free European civilization of the disease represented by the present British empire, or European civilization is already plunging the planet as a whole into a great, genocidal catastrophe of numerous generations’ duration.

The British empire and its economic-policy and related influence, is, therefore, speaking scientifically, not a culture, but the political-cultural equivalent of an awesomely evil, venereal disease, which produces nothing as much as the foulest effects in morals and economy wherever its cultural infection spreads

So, Cato said: Carthage is to be destroyed!

The common distinction of those novel developments within this history which have emerged since the onset of Europe’s Fifteenth Century, has been, chiefly, the turn of the official language of administration of the western part of European society, away from the Latin which dominated the long reign of the western part of the Roman Empire and its medieval successors, and into the modern European reform of national language cultures, which was developed through the promotion of the literate development of popular languages, as through the initiatives of the refinement of, most notably Dante Alighieri, the reform launched in favor of what has been identified, in pejorative terms, as “the vulgate.”

This development of literate forms of popular languages, as by the initiative of Dante Alighieri, earlier, and Dante’s call for the introduction of the modern sovereign nation-state, in his series entitled De Monarchia, posed an issue which provided a setting for the later revolution, by Nicholas of Cusa, which was the launching of modern European science and modern, post-feudal forms of national economies. The great ecumenical Council of Florence consolidated these great advances which are to be usefully identified as the birth of modern trans-Atlantic Classical scientific and artistic culture. The concept of the modern sovereign nation-state republic was realized in Nicholas of Cusa’s Concordancia Catholica, while the principle of modern science was introduced to the world in Cusa’s later De Docta Ignorantia. All competent traces of modern physical science since A.D.1440 are traced from De Docta Ignorantia through such avowed followers of Cusa as Luca Pacioli, Leonardo da Vinci, and the Johannes Kepler who prompted the work of such as, most notably, Gottfried Leibniz and his successors through such celebrated figures as Abraham Kästner, Carl F. Gauss, Lejeune Dirichlet, and Bernhard Riemann.

This cultural revolution was not an uncontested set of changes. The Classical revolution signaled by the great ecumenical Council of Florence, was a contested advancement in the human social condition, an advance opposed with increasing force from a Venice which, now, once more, dominates the monetarist systems of the Mediterranean and beyond, as monetarism had ruled the economies of the Mediterranean world since prior to the emergence of a Classical Greek mode of maritime-based culture. The force of Venice which resisted the birth of modern science and also the impact of the great ecumenical Council of Florence and such figures of that Council as Nicholas of Cusa, had also sought to destroy both modern civilization’s Classical art, and science-oriented economy, a resistance, promoted by Venice, which came to be centered in the medieval relics of the legacy of the Habsburg imperial dynasty. The latter were the relics which have continued to dominate, recurrently, most of the Spanish- and Portuguese-speaking regions of South and Central America, with what have been, speaking historically, relatively brief exceptions, since that time, up to the present date.

World civilization is now being tested; either we rid it of that venereal-like disease which is British reigning ideology and its spread, or entire nations and cultures of the planet will, once more, die now, as similar purges of similar forms of corruption have, in their own past times, reigned too long to be tolerated by the Creator. Do not blame God. That is not theology; that is living history, once more, today.

That was the warning of Aeschylus, especially in his Prometheus trilogy. Nations must use nuclear and thermonuclear fire, for example, or be doomed!

Santayana was right.




The universe itself is creative, or, as I read Albert Einstein’s comment on the great, unique act of genius known as Johannes Kepler’s unique discovery of the universal principle of gravitation, the universe is always finite, but never bounded.

The great Russian Academician V.I. Vernadsky’s central achievement is to be summarized as his contribution to the notion that all aspects of the universe are creative, which is to say anti-entropic, whether the lithosphere, the biosphere, or the noösphere, but, that, among all of these, only the human mind is actually, willfully creative.

As we see ourselves as Earthlings, we can not say that only what we might recognize as human beings are the only form in which our specifically human qualities of cognitive creativity, as in Classical art and science, are to be found in our relatively very large, as also finite universe. After all, the manner in which we imagine the form of that we see as ourselves in terms of “external” sense-perception, is not the actual form in which our personalities actually exist; but, we can be certain that the creative power which distinguishes us from all other kinds of known living beings, is in the likeness of the notion of a Creator, but excepting errant solipsists, since the principle of willful creativity exists manifestly in the known expressions of the universe, we can be content with the thought that if any different species of willfully creative beings exists “out there,” their intended role converges on that great principle which our given nature has assigned to us to play, if, and we might assume that, we are playing the role on behalf of the future which is intended for us by our very own given design.

One of the great misfortunes which European cultures have wreaked upon themselves, is our presently prolonged toleration of that essential form of evil which the great Aeschylus attributed to the nature of the servants of the evil Olympian Zeus of Aeschylus’ own Prometheus trilogy. Here, precisely, as in the figure of that Olympian Zeus, lies the essential evil of the household of Prince Philip’s British royal house, the truly satanic, Hitler-like evil also represented by figures such as Bertrand Russell and his followers. Here lies the essential principle of tragedy which permeates the known dramas of Aeschylus. That evil—the evil expressed by Prince Philip’s advocacy of the World Wildlife Fund, is the essence of the great sin against the Creator which the very existence of that House of Windsor represents in the world at large today. Embrace such policies, and the civilization which continued to do so today, will surely leave the company of all humanity, and that now soon, for reason of its being another manifestation of the great crime against the Creator which has doomed the satanic-like arrogance of regimes and cultures in the likeness of what Prince Philip represents, and also his associate, President Barack Obama, unless Obama either suddenly changes his ways, or is removed by the lawfully willful action of our citizenry.

The citizens of our United States will remove Obama from the Presidency, that he might enjoy a long life of cruel disgrace, now; but, we must admit, only if the citizens will now, thus enable themselves to free civilization at large from the great wave of destruction which Obama’s submission to his British imperial master would bring upon our world, and ourselves, now. For Obama himself, we must say: “Resign and report, now, or prepare yourself to enjoy a safely long and healthy life in the ever-loving embrace of infamy. That fate might seem like Hell to you, but, be assured, as Dante Alighieri might say, ‘it would be only just’.”

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Thursday, May 27, 2010

Senate Republican Judiciary Committee Members Call for Special Prosecutor | LaRouchePAC

Senate Republican Judiciary Committee Members Call for Special Prosecutor LaRouchePAC

May 27, 2010 (LPAC)—On Wednesday, all 7 Republican members of the Senate Judiciary Committee — Jeff Sessions of Alabama, Orrin Hatch of Utah, Chuck Grassley of Iowa, Jon Kyl of Arizona, Lindsey Graham of South Carolina, John Cornyn of Texas and Tom Coburn of Oklahoma — wrote a letter to Attorney General Eric Holder to "urge the appointment of a special prosecutor to investigate Congressman Joe Sestak's claim that a White House official offered him a job to induce him to exit the Pennsylvania Senate primary race against Senator Arlen Specter."
In the letter, the Republican Senators wrote that they "do not believe the Department of Justice can properly defer to White House lawyers to investigate a matter that could involve 'a serious breach of law.' The White House cannot possibly manage an internal investigation of potential criminal misconduct while simultaneously crafting a public narrative to rebut the claim that misconduct occurred."

The Senators argue that the Attorney General, by appointing a special prosecutor, "would avoid any appearance of a conflict of interest and square with the precedent of Attorney General Ashcroft's recusal from a White House-related investigation in 2003," referring to the appointment of "Patrick Fitzgerald to investigate suspected White House misconduct in the Plame matter."

The letter points out that at his confirmation hearing, Holder "pledged to be an independent Attorney General and explained: 'Though I am a part of the president's team, I am not a part of the president's team in the way that any other cabinet officer is. I have a special and unique responsibility. There has to be a distance between me and the president.'"

The Senators then urged Holder to reconsider the decision expressed in a letter to Congressman Darrell Issa by Assistant Attorney General Ronald Weich, refusing to appoint a special prosecutor. "We hope you will reconsider this position. This controversy deserves full investigation, as well as public confirmation that steps are being taken to preserve records consistent with prior investigations of alleged White House wrongdoing. For example, in the fall of 2003, the Department of Justice and White House Counsel both confirmed that document preservation requests were sent to White House personnel relating to the leak of Valerie Plame's identity. Such actions should be taken in this case. Additionally, the Department should confirm that it is not deferring to internal White House lawyers to conduct a criminal probe of allegations raised by a sitting Congressman."

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Wednesday, May 26, 2010

Monday, May 24, 2010

To Save Our Nation Congress Must Pass Glass-Steagall & Shut Down Derivatives Now! | LaRouchePAC

May 24, 2010 (LPAC)--Draft LPAC Resolution:
To Save Our Nation Congress Must Pass Glass-Steagall and Shut Down Derivatives Now!

WHEREAS, the leadership of the U.S. Senate has sabotaged the inclusion of the Cantwell-McCain Glass-Steagall amendment into the so-called financial reform bill, thus leaving our banking system vulnerable to the ongoing blowout of the world financial system, as such is anticipated by the current freeze-up of bank lending, and the 1000 point "flash" drop in the U.S. stock market; and
WHEREAS, that same leadership, under pressure from the Obama Administration and Wall St., has similarly removed any significant enforcement mechanism from that "reform" bill in respect to the trading of derivatives, and has given every indication, as of May 24, that they intend to remove the Lincoln amendment which imposes restrictions on banks' trading in derivatives, from the bill entirely during Conference discussions with the House of Representatives; and
WHEREAS, the re-imposition of the Constitutional Glass-Steagall principle that separates commercial from speculative banking, and the shutdown of the hundreds of trillions dollar derivatives casino—both measures which have been strongly promoted and supported by leading economist Lyndon LaRouche—are the indispensable, and inseparable, first steps for saving the U.S. economy, and creating the basis for the launching of a real economic recovery program based on massive infrastructure projects;
THEREFORE, be it resolved that ____________________ demands that Congress immediately act to pass the Cantwell-McCain Glass-Steagall amendment (or law), and to adopt measures which will lead to the shutdown of the derivatives market, starting with the Cantwell-Lincoln amendment to the Dodd bill.

To Save Our Nation Congress Must Pass Glass-Steagall & Shut Down Derivatives Now! LaRouchePAC

Friday, May 21, 2010

LaRouche Demands Congress Shut Down Derivatives

LaRouche: Unless the Congress shuts down Derivatives and implements Glass Steagall the US citizenry won't accept any decision from this Congress
Lyndon LaRouche issued the following statement today in response to the vote in the U.S. Senate to end debate on the so-called Financial Reform Bill:
"The issue is if somebody tries to push this bill through without Glass Steagall and the Cantwell-Lincoln amendment to close the Dodd loophole on derivatives, then the U.S. citizenry won't accept any decision from this Congress as legitimate. The citizenry will not recognize the Congress or its authority. They will view it as a corrupt institution which must be purged. We are in a mass strike mode. If congress rigs the process to ram through the President's demands, the citizenry will revolt against Congress and the President. And they will do so based on the authority of the Constitution of the United States of America. The people of the U.S. won't stand for this. The authority of the Constitution is in my hands and I am exerting it. I am confident the people of the United States will support me in this. Those who disagree dont understand the people of the United States and their temperament."

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Thursday, May 20, 2010

LaRouche Issues Emergency Call: Get Serious; Shut Down Derivatives, Put Glass-Steagall In Place | LaRouchePAC

LaRouche Issues Emergency Call: Get Serious; Shut Down Derivatives, Put Glass-Steagall In Place LaRouchePAC

May 20, 2010 (LPAC)—"While the U.S. Congress, especially the Senate, is being tied up with all kinds of silliness," Lyndon LaRouche said today, "the fact of the matter is that a warning shot for the dissolution of the entire world financial system has already taken place. The world as a whole stands on the edge of a sudden, overnight collapse, which will make the 1,000 point drop in the Dow Jones on May 6 look like a small perturbation. We could wake up one morning, and find that we have no financial system at all—an instant plunge into a New Dark Age."

"The immediate key to this situation is the derivatives. The derivatives markets must be shut down now!"
"German Chancellor Merkel, with her sovereign ban on parts of the derivatives market as of May 19, has done the right thing, acting to protect her nation from the devastation of the speculators," LaRouche added. "The U.S. government must be forced to take the same action, immediately."

"The tens of thousands of American patriots now mobilizing to enforce the Glass-Steagall principle, must escalate their efforts, with a clear understanding of the danger. The issue of the derivatives gamblers, which Senator Dodderer is moving to protect, is inextricably linked with the Glass-Steagall issue. We must insist that the derivatives markets be shut down now. And we must immediately put in place the Glass-Steagall standard of separation between the commercial and investment banks, to protect our people from chaos, and establish the basis for the recovery program which I have laid out in detail."

"Let the U.S. Senate know that it is we patriots who are going to determine the policies of the U.S. government, not a bunch of predator British lackeys who run Wall Street. Demand they enforce sanity: Shut Down Derivatives, Implement Glass-Steagall."

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Monday, May 17, 2010

Push the Glass-Steagall Reform Through, Ruthlessly | LaRouchePAC

May 17, 2010 (LPAC)—LPAC-TV has posted a new 13-minute video on the website, "LaRouche on the Record: Glass-Steagall or Die," which succinctly reviews Lyndon LaRouche's unique, leading role in the decisive battle to reimpose the Glass-Steagall standard in the U.S. and internationally. In its concluding section, it presents Lyn's call, delivered at his May 8 webcast, for an all-out mobilization to ram the policy through:
"Go with this Glass-Steagall reform, now! Push it through, ruthlessly... If we do it, we can win. The potential is there. But we have to do it. We have to insist that everybody goes and supports this. As far as we're concerned, every patriotic American will support this Glass-Steagall reform. If they don't do it, if they're not full-bent on doing it, then they're not really patriots. Because we need this strategically, to save the United States! We need this to save the world. If we are saved by this action, we will save the world. As poor and miserable as we are, as a factor in world history, when the other side is much poorer than we are, in terms of resources and capability, we can win. So, let's go out there and win. And beat these bastards."

The bastards—Obama's British masters—have delivered an explicit threat to the United States, that they consider Glass-Steagall an act of "hostility" against them. And Obama is, lawfully, set to fight against Glass-Steagall to the death. But Obama, Lyn elaborated in discussions yesterday, is now being swamped by a problem which even he is probably smart enough to realize has him boxed in. Things that were meant to work, and in the past have worked, are not working now. As a result, there is real desperation in their camp. The whole situation can backfire on them, because the usual methods just don't work anymore. And they are running out of time to produce results, as the Cantwell- McCain Glass-Steagall amendment moves towards a vote on the Senate floor, in the early part of this coming week.

Their problem is that the usual tactics of terrifying people into line, are now just getting people angry, and can produce a backfire effect—as (soon to be former) Sen. Bob Bennett of Utah can tell you all about. Normal things just don't work anymore. Just how successful that "not working" will be, Lyn said, remains to be seen. We will have to find out the hard way, by our focussed mobilization to ram through the Glass-Steagall bill.

The coming weeks will be critical—perhaps the most decisive that any of us have ever lived through. Last week's rapid-paced developments saw Lyn's May 8 webcast, at exactly the point that the Eurozone was melting down; the lunatic super-TARP attempted bailout with $1 trillion-plus in funny-money, accompanied by fascist austerity; and the placement of the Cantwell-McCain amendment on the Senate agenda, forced by a growing mass strike uproar that is reflected in 78% popular support for the measure.

Our mobilization this past week has now begun to create a national outpouring in support of the Glass-Steagall amendment. This week, we must ram it through, ruthlessly.

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Saturday, May 15, 2010

Volcker Goes Home to 'Mother,' Attacks Glass Steagall

May 15, 2010 (LPAC)—In the midst of the historic showdown between United States national interests and the City of London, who should show up in London on Thursday to be heard attacking Glass Steagall, but former Fed Reserve chairman Paul Volcker.

More was clearly discussed behind the scenes, but what was public was that Volcker championed his so-called "Volcker rule," asking banks to agree on good behavior in two speeches (including one in the official residence of the Lord Mayor of London's financial district); met privately with Bank of England head Mervyn King (who in a press conference just the day before had announced that the United States faces the same problem as Greece, for which the only solution, as for all other countries, is to cut its deficit), and attacked Glass-Steagall in an off-the-cuff interview with BBC.

BBC's Business Editor, Robert Preston, reports that Volcker told him "he is not advocating a return to Glass-Steagall, or a stipulation that retail banks should be wholly prohibited from engaging in investment banking, such as underwriting securities." Instead, he pressed his Volcker Rule, which, he made clear, is toothless, telling BBC that his "rule" simply means "that banks should use their capital only to serve the interests of their clients, rather than trading to generate speculative profits for their owners. He believes that if boards of banks are aware that's the spirit of a new law, they will impose significant restrictions on the activities of their executives."

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Sen. Cantwell: Outcry by American People Needed to Pass Glass-Steagall | LaRouchePAC

Sen. Cantwell: Outcry by American People Needed to Pass Glass-Steagall LaRouchePAC

May 15, 2010 (LPAC)—PBS's "To The Contrary" program, hosted by Bonnie Erbe, began airing an interview with Glass Steagall co-sponsor Sen. Maria Cantwell (D-WA), a show taped on May 12 clearly designed to build support for passing Glass-Steagall. The syndicated show will air nationally this weekend at different times, on 260 PBS stations.
The American people understand intuitively why we have to return to Glass Steagall, Sen. Cantwell argued, and the law has bipartisan support, but to ensure passage, "it may take the American people having an outcry, over the fact, that after all that's happened, some people here in Congress still don't get it. That that's the kind of safety and safeguards that we deserve."

After Erbe's interview of Cantwell (see below), a heated debate followed among Erbe and her four panelists. D.C. Del. Eleanor Holmes Norton defended Glass-Steagall, strongly, blaming the "worst recession of all time" on its repeal, with backing by Erbe, against the angry rejection by Genevieve Wood of the British Fabian Society's Heritage Foundation, of any return to Glass-Steagall.

A transcript of the interview follows:

Host ERBE: "The Democratic Senator proposes re-instating the Glass-Steagall Act, the Depression-era law, repealed a decade ago. That law set up a strict division between regular commercial banking and investment banking, so banks could not buy risky investments with depositors' money. This week I interviewed Senator Cantwell on what she thinks needs to be done to prevent future market meltdown."

CANTWELL: "Well, its pretty scary. The American people obviously don't want to have a roller coaster on Wall Street. We already know what happened in 2008, and that was scary enough for us. So, we want to get back to stable banking, and we want to get back to an investment market that has the right amount of oversight and transparency so that we know that regulators can find anybody who is manipulating the market, or doing something untowards, to create some sort of device that is putting them at an advantage. And so, that kind of functionality, we did away with in 2000. And we need to put the rules back into Wall Street."
ERBE: "What are those rules? Are you talking about Glass-Steagall, or something else?"

CANTWELL: "Well, I certainly am a big supporter of Glass-Steagall, which would be to go back to what we had prior to 2000, which is the separation of commercial banking from investment banking.

"If you think about it, they are two different functions. Investment banking is about taking risks. But with commercial banking, you want your deposits to be secure. But when you let your deposits—yours and mine—be used by those investment houses, which are huge, risk-taking ventures, it really does put those savings and those deposits at risk.

"And we should go back to separating them. I think the American people know this. They get it intuitively. They know that there was a reason in the last Depression that we got to this point.

"So, what's taking you so long! Go back to separating it. So we'll have a vote on that.

"But we also need to regulate these derivatives, these new financial tools that came into the marketplace in the late '90s, and make sure that they have the oversight of the Commodities Futures Trading Commission.
"Right now, hamburger in America—beef futures—has more oversight than some of these derivatives!"
ERBE: "How much support do you have for re-instating Glass-Steagall?"

CANTWELL: "Well, we'll find out. I would hope that we'd have a lot of bi-partisan support on both sides of the aisle, but this isn't really about being Democrat or Republican. If you— you know, if you think about it, this is about whether you're going to have the right system in place to protect Americans going forward. And while this was a big blow-up about derivatives, you know, these investment houses will continue to be creative. They"ll continue to be creative about how they take risk. But, you know, we want to keep the rest of the commercial banking community separate from that."
ERBE: "I mean, seriously, do think this will go through? A re-instatement of Glass-Steagall? Because we know that it became law, right after the Great Depression, and then the banking industry spent 70 years lobbying against it, and got it thrown out, or not renewed in Congress. And now that its back, you must be facing a mountain of opposition from financial institutions."
CANTWELL: "My personal impression, my personal views, are: it will be re-instated. But, I'll bet you, we'll end up with a two-step process. It may take the American people having an outcry, over the fact that after all that's happened, some people here in Congress still don't get it. That that's the kind of safety and safeguards that we deserve."

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We May Have One More Precious Day To Ensure that the Senate Passes Glass-Steagall

March 15, 2010 (LPAC)—The U.S. Senate adjourned before noon yesterday, Friday, after some desultory discussion of more minor amendments to Dodd's Financial Reform Act. It will reconvene at 2:00 on Monday, and resume debate on Financial Reform at 3:00. No votes will be taken until after 5:30 Monday.

Although the Cantwell-McCain amendment to restore Franklin Roosevelt's Glass-Steagall protections is still on the list of amendments to be considered, it was not one of the four amendments which Sen Dodd announced might be voted on on Monday,— so that strategically critical vote may be deferred until Tuesday, or even Wednesday.
At a Senate Democratic Caucus lunch on Thursday, called by Majority Leader Harry Reid, a number of angry Senators, including Byron Dorgan and Sheldon Whitehouse, threatened that they could join Republicans in blocking a cloture vote, if their amendments were not allowed to be presented for debate and a vote.


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Thursday, May 13, 2010

From the Archive - Firewall Then, Glass-Stegall Now

From the Archive - Firewall Then, Glass-Stegall Now

May 12, 2010 (LPAC)-- The documentary featured here was released in early 2008, just months after Lyndon LaRouche forecast the blowout of the financial derivative infested housing bubble, triggering the blowout of the entire U.S. financial system as a whole. That same week the blowout occurred.

Soon after, Lyndon LaRouche was the only person to demand the one thing that could solve the crisis: the Homeowner's and Bank Protection Act. Calling a for a freeze on foreclosures for homeowners, and a firewall to separate commercial banking practices like the selling of mortgages from the parasitical practices of investment banks, hedge funds, and other criminal enterprises that speculated on those mortgages, this speculation threatened to put millions of homeowners out on the streets with a Weimar1923-style hyperinflationary blowout of the whole system. This firewall, the Homeowner’s and Bank Protection Act, would be the first step to a larger, general bankruptcy reorganization of the entire U.S. financial system, where commercial banks would be made solvent again through the clean-out of fake money, like mortgage backed securities and other derivatives, and given, instead, credit uttered by the Federal government for the purpose of launching the needed recovery of the U.S. economy, beginning with the funding of large-scale capital intensive infrastructure projects.

The "Firewall" documentary, which traces the history of the hyperinflationary blowout of 1923 Weimar Germany, was released during a nationwide LaRouchePAC mobilization which garnered the support of hundreds of local city, and state governments across the country for the LaRouche's firewall legislation, but despite the cries of the American people, the U.S. government under President George W. Bush, Nancy Pelosi, and Barney Frank, then, and President Barack Obama, Nancy Pelosi, and Barney Frank, now, have committed themselves to rewarding criminal banking institutions through unconstitutional bail outs, and in doing so, have committed the United States to its own destruction. This can no longer be tolerated.

Today we have reached a critical point in the world system, like that of 1923 Germany, with the recent blowout of the European financial system. The world cannot survive the collapse of the current British-run world financial system. LaRouche's recent call for a return to the Glass Steagall Act, a firewall, will solve the problem. As we speak the Glass-Steagall Act exists as an amendment to the Financial Stability Act sponsored by Sen. John McCain and Sen. Maria Cantwell, now sitting in the Senate waiting for a vote. We must not wait. We must come out in droves to support this revival of the Glass-Steagall Act, it is the only piece of legislation that will protect our United States from the chaos of the imminent global collapse. So, call your Senator, mobilize your neighbors, and move rapidly with a deeper understanding of what we face and what we must do to win this fight, provided here by LaRouchePAC’s "Firewall" documentary.

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Tuesday, May 11, 2010

Vote for BueSo in N.R.W. Elections Is Only Spark of Hope | LaRouchePAC

Vote for BueSo in N.R.W. Elections Is Only Spark of Hope LaRouchePAC

May 11, 2010 (LPAC)—The result of the May 9 elections for new state parliament (Landtag) in North Rhine-Westphalia (N.R.W.), a smashing defeat for the "black-yellow" coalition government of Christian Democrats (CDU) and Free Democrats (FDP) (together 41.3%, after a net loss of 10.5% as compared to 2005), not only will hand the government to a "red-green" coalition of Social Democrats (SPD) and Greens (together 46.6%, after a net loss of 3% for the SPD, as compared to 2005) plus another partner, most likely the Linkspartei (5.6%). It will also have serious implications for the national CDU-FDP government coalition of Chancellor Angela Merkel (CDU).

A direct implication is the loss of Merkel's majority in the Bundesrat—the upper chamber of Parliament, which represents states (Laender) directly—where N.R.W. holds six seats; and the Bundesrat has veto power over most legislation, which will add to the paralysis of the national government. An indirect implication is the effects which this vote of no-confidence against Merkel in N.R.W. will have during the coming days and weeks—especially in view of the deepening crisis of the euro system, related to the "Greek" banking crisis.

For the state of N.R.W., a government led by the SPD's Hannelore Kraft, who is said to have studied her economics at King's College in London in the 1980s, a government with the Greens in key positions, is a disaster for N.R.W. that will be felt very directly: the SPD and the Greens are against nuclear power development, against great projects in general, the Greens are even against coal mining, and the "red-green" fantasies about a highly costly "green industrial revolution" promoting solar and wind energy, is certain to scare off even more industries from this former, longtime industrial powerhouse, which fear they would be slapped with higher electricity bills they cannot afford. This means certain doom for many regions in N.R.W., which after 40 years of downsizing, outsourcing, and green political sabotage of pioneer technologies like the fast breeder reactor and the HTR, have already lost most of their steel production, machine-building and coal mining, and show unemployment rates visibly above 10-15%. With the Greens in whatever coalition scenario exists, this deindustrialization will intensify. Crucial traditional constituencies reacted with frustration in the May 9 elections, with high voter absenteeism, at almost 41%.

The only party that ran against the "greening" of the political establishment, the LaRouche Movement's BueSo (Buergerrechtsbewegung Solidaritaet), with a program for reindustrialization and the development of pioneer technologies like nuclear fusion and maglev transportation, got its best vote ever, with the average of its 34 district candidates receiving around 0.4 and 0.5%, and some even moving into the range of 0.7 and 0.8%. The BueSo reports a high recognition factor among voters and visibly increased interest in the party's program during the past two or three weeks, with particular interest also because the BueSo was the only party to address the reality of the global economic collapse and the urgency of having legislation for banking reorganization along the example of the U.S. Glass-Steagall Act. And voters welcomed that the BueSo called the Greek bailout what it is: a bailout of the banks at the expense of the taxpayers.

For the period after the election, this represents a spark of hope, especially as many voters were "pragmatic" and voted for the establishment parties, will soon be confronted with a brutal reality shock and realize that the politicians lied to them, the Greek bailout being one of the additional burdens to be piled onto taxpayers' backs.

LaRouche Webcast: The Greatest Crisis in Modern History - 05.08.10

LaRouche Webcast: The Greatest Crisis in Modern History - 05.08.10  Watch This.