« Abuse of Minors in Adult US PrisonsUS Obstructing Iran Nuclear Deal »

LaRouche on the Greek Crisis: The Only Way Out of This Mess Is To Repudiate the Greek Debt

July 12th, 2015

LaRouche

The European Union is just stalling, economist Lyndon LaRouche said today. The Greeks have made it clear that the issues are limited, that they can not and will not pay illegitimate debt by killing their citizens. Otherwise,
the Greeks will simply leave Europe. Some parts of Europe are refusing to admit the fact that their governments, or their representatives, have committed a fraud against the Greek people. Those elements are demanding that the Greeks have to pay the debt, which a fraud has created. We must tell them: The fraud will not be honored.

You stole the money, for pure speculation, and you're now demanding to get it all over again. We're saying, "No. You've stolen more than enough from us already."

The fly in the ointment is, that an honest treatment of the debts which are
attributed to the Greeks, would mean the bankrupting of major speculative interests in Europe and the United States in particular. The problem that Europe has to worry about, is the fact that the European debts, these gambling debts, are not fungible.

Therefore, writing them off would mean, cancelling Wall Street, and going back to
Glass-Steagall.

The Troika is missing the point. What they are defending are worthless assets.They're trying to recommit a fraud, which they had already committed previously.

What they must do, along with the United States, is to restore the Glass-Steagall policy, as Franklin Roosevelt did-cancel the worthless debts. Europe must cancel its worthless debts in the same manner, especially the British.

The Europeans must eat the fake debt. What they're demanding is the protection of their thievery. The solution is the re-establishment of the Glass-Steagall policy for the relevant regions of the planet, including the U.S.A. If you close down those banks in the U.S., under the law, which are speculative banks, you have now

changed the character of the money system in the United States, to eliminate this swindle system. Use Glass Steagall as a source of credit. You put that source of credit into the hands of the U.S. government, so it's now the U.S. government which is the agency which actually represents the people of the United States.

We recommend that a similar approach be applied to Germany, to France and so forth.

In that way, the swindlers lose the money-but they are swindlers. Take the
swindlers' money away from them, and give it back, respectively, to national
banks-that is, to governmental banking systems. This will create a new Glass-
Steagall policy of international development in a significant part of the trans-Atlantic region.

German Finance Minister Schäuble and his cohorts-pirates and burglars-are
squawking to protect the interests of the pirates and swindlers. Let's go back to Franklin Roosevelt's methods. France needs it. Clean out the monetarist system.

That will not solve all problems, but it will give us a foundation from which to build up solutions. Get some production going. Shut down this euro speculation system; these guys are all thieves, and the British most of all. We don't need to worry about their benefits; they don't have any benefits coming to them.

What we need is an economic system, a federal banking system, a national banking system, go back to the U.S. concept of Franklin Roosevelt, of Glass-Steagall. It's the swindler class which is making these demands of Greece. Don't listen to the swindlers; go back to national economy, and we won't have such swindlers.

-###-

pdf

http://www.larouchepub.com

No feedback yet

Voices

Voices

  • Chris Spencer The political astroturf of the United States has been fractured by figures described as "saviors." The political careers of Barack Obama and Kamala Harris epitomize that trend in clay-feet "gods" and "goddesses." Both have cultivated…
  • Most of the world of Arabs for some four centuries consisted of provinces under the Ottoman Empire (Sultanate). by Dr. Vladislav B. Sotirović  The world of Arabs (the WoA), as a distinctive part of the globe, is of extreme significance for both global…
  • by Tracy Turner The Looming Crisis: Oil Addiction and Agricultural Collapse Threaten Global Food Security By 2054: Expected global oil depletion. 2007-2017: Olive biodiesel could have mitigated crises caused by reliance on fossil fuels. Estimated…
  • 41,909 bodies counted, 10,000 missing, death count higher than 51,909 David Swanson, World BEYOND War We generally accept that if you do a census and only count the people who answer their doors you miss some people, and that you can calculate an…
  • Kamala Harris represents a militant, in-your-face feminism... Cathy Smith Kamala Harris is an intensely divisive figure in contemporary politics—an incandescent icon for some, an ongoing disappointment for many others. As the first-ever woman Vice…
  • A geopolitical issue of South-East Europe became of very importance for scholars, policymakers, and researchers with the question of the dismemberment of the Ottoman Empire as one of the most crucial features of the beginning of the 20th century in…
  • Paul Craig Roberts Hillary Clinton, John Kerry, and Democrat Law School Deans Say Free Speech Threatens Their Agendas. Democrats are no longer the party of John F. Kennedy. They and their media whores are the party of Joseph Goebbels, Reich Minister of…
  • by Chris Spencer "In a landscape where many are silenced, the growing discontent of white men reveals an urgent cultural injury—a plea for recognition that, if ignored, could set off a destructive wave of division." The one thing that most white men in…
  • How the Democrats and Their Media Will Start a Civil War In order to explain how this situation occurred in America I will talk a little about a personal experience I have with my neighbor. I don't have to worry about him ever seeing this article…
  • Paul Craig Roberts Except for the neoconservatives whose agenda it is, I sometimes wonder if I am the only other person who understands what the Ukraine conflict is about. While we await Washington’s decision about firing missiles into Russia, I will…
November 2024
Sun Mon Tue Wed Thu Fri Sat
 << <   > >>
          1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

  XML Feeds

powered by b2evolution free blog software
FAIR USE NOTICE: This site contains copyrighted articles and information about environmental, political, human rights, economic, democratic, scientific, and social justice issues, etc. This news and information is displayed without profit for educational purposes, in accordance with, Title 17 U.S.C. Section 107 of the US Copyright Law. Thepeoplesvoice.org is a non-advocacy internet web site, edited by non-affiliated U.S. citizens. editor
ozlu Sozler GereksizGercek Hava Durumu Firma Rehberi Hava Durumu Firma Rehberi E-okul Veli Firma Rehberi