Make These the 8 Days That Shook the World | LaRouchePAC

June 18, 2010 As Lyndon LaRouche emphasized on Tuesday, "We're looking at a general breakdown crisis, of trans-Atlantic economies, during the period of the end of this month, the latter half of June, and the beginning of July. As of now, such a collapse would seem almost inevitable, first of all, because the circumstances exist, and the conditions are approaching rapidly which will mean that. Therefore, the question of preventing that collapse, by a change of policy, in the United States, in particular, before the end of June, and before the beginning of July, is the most urgent point of concern for anybody in the United States, or, generally, on the planet. Because, once the trans-Atlantic community goes under, once the United States and Europe cave in, and they're on the verge of a breakdown crisis right now. When that happens, and if that happens, then the rest of the world will go soon, and the result will be a plunge of the entire planet into a dark age. So, we're not in a period where we want to talk about September or November, we're talking about NOW....

"But we have to have Obama out, now. Because, as long as he remains, with the prospect of the breakup of the U.S. economy, and the European economies by either some time in June or in July, we can not fool around: We must get Obama out, now, in the way I said we have to get him out. And we have to make certain changes in policy such as immediately going to what? First, Glass-Steagall in the United Unites. It must be put through right now, and I mean the original intent of Glass-Steagall, as U.S. policy. That must be put into effect, immediately."

The decision of the German Constitutional Court yesterday to deny the temporary restraining order against the super-bailout of the Eurozone, underscores the need for the implementation of the Glass-Steagall Act now in the United States, which is necessary, as LaRouche has said, to give Germany and other countries, including Russia, the option of joining a Glass-Steagall type of fixed- exchange-rate system initiated by the United States.

The reorganization of the British banking system also announced yesterday by the new Chancellor of the Exchequer George Osborne, under the topdown control of the Bank of England, was undoubtedly dictated by the awareness of the British oligarchy of the imminent collapse of the system, and the oligarchy's desire to maintain control of that collapse process.

For us that means that our responsibility to remove Obama from office and to reinstate Glass-Steagall immediately — not after the collapse, but before the collapse, in order to prevent it — must be fully embraced and achieved now.

The potential to remove Obama from office has never been greater.

* On Wednesday, Judicial Watch called for the Office of the Special Counsel to investigate Emanuel and Messina for violation of the Hatch Act, thus backing up the referral by Rep. Issa to the Office of the Special Counsel to that effect on June 8;

* On June 11, Friday of last week, all seven Republican members of the Senate Judiciary Committee sent a second letter to Eric Holder demanding a special prosecutor in the Sestak and Romanoff cases. The first letter had been sent on May 26, before the White House issued its Sestak memorandum and before Romanoff released the Messina e-mail;

* On June 11, Colorado Senator Michael Bennet admitted publicly that he knew beforehand, from his contact in the Obama Adminstration, that a job offer was going to be made to Romanoff, which makes him an accessory to a crime committed to his benefit. Also, Colorado Governor Bill Ridder admitted on June 14 that he had been in contact with the then chief of personnel in the White House, Donald Gibbs, about obtaining an international job for Romanoff to dissuade him from running against Bennet, whom he had appointed to replace Salazar; and

* On June 15, testimony was presented in the Blagojevich trial in Chicago by Joseph Aramanda, an associate of Tony Rezko, that after picking up a $125,000 kickback check, he was instructed by Rezko to make a $10,000 contribution to Barack Obama's U.S. Senate campaign.

These developments are just the tip of the iceberg and reflect the potential to oust Obama in the immediate period ahead.

The Blagojevich trial in Chicago has all the potential in the world to blow up in Obama's face. On June 6, Lyndon LaRouche had asked: "What has been done with Obama's buddy Rezko, who has been convicted but not sentenced? Is Blagojevich a patsy for the benefit of the President? Why was Rezko never sentenced, or was he sentenced secretly?"

In fact, Rezko is not the only prosecution witness or potential witness who has been convicted but not sentenced. As stressed in a motion filed by Blagojevich in April, there are nine prosecution witnesses who have been convicted, but not sentenced. Blagojevich had asked that their testimony be precluded on the grounds that the government was using the promise and/or hope of freedom as an inducement to obtain testimony by these witnesses, which he said is nothing short of bribery.

As Lyn stressed on Tuesday, the key flank that we have to bring down Obama, who is overripe for a fall, is the exposure of Barney Frank and his role as point man now in the effort to prevent the reinstatement of Glass-Steagall, which was effectively repealed beginning in the 1980s through the treasonous actions of Greenspan, JP Morgan, et al.

We are already in the second half of June. Through the LPAC video operation, the three candidacies of Rachel Brown, Kesha Rogers and Summer Shields, combined with an expanded outreach throughout the country to pass the Glass Steagall resolution, we can and must create a firestorm in this country now to remove Obama from office and reinstate Glass Steagall.

Starting on today, Friday, June 18, we have 8 full organizing days until Lyn's next webcast on June 26.

Make these the 8 days that shook the world!

Make These the 8 Days That Shook the World | LaRouchePAC

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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

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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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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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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