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A Powerful British Faction has Aligned with LaRouche…return to Glass-Steagall and a system of fixed-exchange-rate sovereign currencies in the trans-Atlantic region (source)
July 06,2012
It is almost impossible to overstate the strategic significance of the fact that an important group within the top echelons of the British Establishment have come to the conclusion that Glass-Steagall is the only survival option open to them.
The July 3 Financial Times editorial endorsement of Glass-Steagall has been followed, over the past 48 hours, by a series of further endorsements by leading figures, from Peter Hambro, of the old British merchant banking family; to Lord Myners, former Financial Services Secretary in the Gordon Brown government and a Rothschild-sponsored banker; to Terry Smith, a leading City banker who had called for a return to Glass-Steagall at the time of the September 2008 Lehman Brothers and AIG blowout. In Italy, the newspaper of record, Corriere della Sera, came out Friday with a big push for Glass-Steagall by leading financial correspondent Massimo Mucchetti, who is known to have, in the past, been close to Romano Prodi and the De Benedetti interests.
These actions have been taken with the full knowledge that the fight for Glass-Steagall has been led—in the United States and in Europe—by Lyndon LaRouche. As he noted in the brief statement that appeared earlier, LaRouche is the only person qualified to engineer the return to Glass-Steagall and a system of fixed-exchange-rate sovereign currencies in the trans-Atlantic region. In discussions with colleagues today, LaRouche emphasized that, if leading figures in the trans-Atlantic governments do exactly what LaRouche has prescribed, we can go into an immediate economic recovery.
“London has delivered a shot across the bow, and we are the world leaders on Glass-Steagall,” LaRouche declared on Friday. “A group of responsible people in Britain has decided that the fate of everything that is important to them requires an immediate Glass-Steagall reform.”
LaRouche added a crucial point:
“This also means that they cannot any longer tolerate Obama in office. By moving as they have for Glass-Steagall, they are also committing to sink the bastard. They can no longer tolerate Obama’s continuation in office in the United States.”
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