Euro and the Looting for Banks

europe is looting the world, through the British system, so stop the bailout and go Glass Steagall Act of 1933, cut up the banks, stop bailout of speculation. LaRouche Pac right on.

At a Berlin press conference today Wilhelm Hankel and Karl Albrecht Schachtschneider, two of the famous "4 anti-euro professors" elaborated on the legal complaint against the ESM which they have filed along with the Free Voters party at the constitutional court, and attacked the bailout policy in harsh words.
Hankel said the ESM is a monster, unprecedented in the world with a capital base that is 140 times larger than that of the ECB, 80 times larger than that of the Bundesbank, and 50 times larger than that of Europe's biggest bank, Deutsche Bank. With that firepower, it will soak up all the capital needed for the bailouts, and that will leave nothing for public sector loans, for the municipalities, for the creation of youth jobs, for the firms. Europe's real economy will be bleeding out, also in terms of democratic rule, because the ESM is designed to stand above the democratic institutions of Europe (a point elaborated on even more by Schachtschneider, then——ed.).
Hankel also responded to a question posed by BueSo TV correspondent Stefan Tolksdorf on the way Merkel got pulled over the table at the EU Summit, on Obama's interferences, and on the hyperinflationary threat posed by the ESM and other policies. Hankel said that Obama's conduct had nothing to do with the euro as such, but more with the fact that de facto, the euro and the dollar are tied together. The German government should reject any interference from the US side, also reject such comments as that by the IMF's Christine Lagarde, who is said to have declared that if she ever heard mention of the German constitutional court again, she would leave the room right away.

Demonstrations in Wisconsin and NAWAPA

The demonstrations in Wisconsin are nice, but when do you get to stopping the bank bailout, and to get Glass-Steagall and to build NAWAPA, the water from Alaska project? Yeah, then you get to Glass-Steagall, then you get to the
NAWAPA process. But if you don't go through, what is the
meaning, of {pushing through Glass-Steagall, right now} -- {the
future does not exist.} Therefore, how can you present an idea
of a better future as a goal, if you don't present the means, by
which that goal is reached? The goal that has to be reached, is
the Glass-Steagall Act. And the Angelides Report was important in
the sense that it {reinforced} the authority, of Glass-Steagall.
But without the Glass-Steagall mentality, you can't win, and we
get the Glass-Steagall mentality, where? Only on the state
level! On the congressional level? No! Only on the state level.

And what you're seeing essentially in Wisconsin, in the
teachers and other actions, is, you're seeing exactly that: What
they're really looking for is Glass-Steagall. That's obvious.
That's the solution. So Glass-Steagall {is} the starting point.
But the question is, "Well, if we win, what're we going to
do with it?" Ah! Now, you got NAWAPA!

Bronx NY, Bankers and Blowout

The Yahoo Tech Ticker and Yahoo Finance story on the collapse of the middle class is interesting, but we have to win, not just moan. The blowout is here, but the LaRouche Youth Movement knows what to do. Time to go back to FDR policies and put millions of people back to work fast, like Harry Hopkins was able to do under FDR in 1933. We don't have too much time before the crash. Need Glass-Steagall legislation now, separation the global derivatives from the real deposit banking. And yes, safely but surely dump Obama by September 2010.