|This editorial appears in the December 18, 2015 issue of Executive Intelligence Review.
Shut Down Wall Street This Week;
Italy is in an uproar since an Italian citizen committed suicide after an insolvent bank expropriated all his savings in an outrageous “bail-in” procedure, which also expropriated many others across four failing banks. This infamous “Cyprus-style” procedure has been repeatedly used in Europe as banks collapse.
And more expropriations are coming: “People have been being murdered by their banking systems,” as LaRouche put it.
In the United States the sudden “junk debt collapse” is only a harbinger of a Wall Street collapse worse than 2008, with worse impacts on human livelihoods on a global scale.
We cannot allow it to continue. You have worthless accounts, of so-called debt “assets” which are in collapse, and they’re being used to kill people’s income, their employment, potentially their food supply, and even to kill them. If you don’t shut down these Wall Street “funds,” now, you will see what has just happened in Italy, on a grand scale.
I mean it is an “edge of death” situation, if we don’t shut down those pretended assets. Close down the Wall Street system. Bankrupt it as Franklin Roosevelt did during his Presidency.
Then, countries have to create national credit for productivity and employment, again as Roosevelt did.
It is Barack Obama who has blocked restoration of the Glass-Steagall Act, which is the key to bankrupting Wall Street and allowing productive credit to take effect on the economy.
The same Obama has brought in the “Paris climate agreement,” so-called, which if it were to be carried outwould reduce the economy’s ability to support human life by 80-90% in the next 35 years.
“This is a bold human genocide if allowed to occur,” LaRouche said. We can’t allow it to occur.
“That means closing out Wall Streetand that includes Donald Trumpand getting Obama out. Good people in both political parties can agree, to move the responsible authorities in Congress to get these objectives done.”