To the Editor:
The European leadership is panicked about the rapid collapse of the banking system. We are experiencing the breakdown of the entire trans-Atlantic banking system, not just some part of it. No solution exists outside of the immediate creation of laws in Europe and the U.S. to facilitate a new, Hamiltonian financial and economic order. The $2 quadrillion in derivative gambling debt must be written off and the commercial banking system recapitalized to do its legitimate job: directing credit into reconstructing the world economy.
The fact that both the Republican and Democratic parties have placed passage of Glass-Steagall into their electoral platforms has sent Wall Street into conniptions, terrified that as Barrons reports, "there is an unappreciated risk that Glass-Steagall could be reimposed, regardless of who wins." The fact is, the momentum for Glass-Steagall is not coming from the already failed candidates, nor from the failed parties they represent, but from a shift in thinking in the population in the direction of the LaRouche's movement's decades-long fight for Glass-Steagall.
The same is true of the release of the 28 pages on the Saudi role in international terrorism, a fight led by the LaRouche movement. The population had been lulled to sleep about the danger of Bush and Obama's overt support for terrorists to achieve their "regime change" objectives and also about the reality of the economic disintegration of the entire western financial system under the casino approach to banking. Now that neither can be covered up, the truth is finally in the public eye.
While the dangers are multiplying - of terrorism, war, financial collapse - so also are the breakthroughs, as with Glass-Steagall and the 28 pages. With China and Russia leading the world towards a new paradigm based on global development and cooperation against terrorism, now is the time to turn the US back to its Hamiltonian roots, to join with our natural allies, Russia and China, as we did in defeating fascism in World War II, as we must in defeating the new fascism today coming from the City of London and Wall Street.
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Call Congress on both issues.
Ron Wieczorek
Mount Vernon
