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A new global Glass-Steagall

Glass-Steagall is the indispensible first step to global economic recovery. It will immediately halt the onset of hyperinflation, remove government committment from toxic debts, end too-big-to-fail, and force separation of commercial banking functions from investment banking functions.

Glass-Steagall for Australia

Petition to Parliament: Australia Urgently Needs a Glass-Steagall Separation of Banks
The CEC has launched a new petition to the Commonwealth Parliament, calling for immediate legislation to enact a Glass-Steagall-style banking separation in Australia, to protect deposits and essential banking services from looming financial shocks.
Click here to read/sign the petition.

Why Australia urgently needs a Glass-Steagall banking separation
Read it here.

Media Release
21st February, 2012
Demand your MP support: Glass-Steagall for Australia
The Citizens Electoral Council has this week issued a new pamphlet on the urgent need to break up Australia’s big four banks through a Glass-Steagall-style banking separation.
Glass-Steagall for Australia explains how only by enacting a local form of the U.S. Glass-Steagall Act’s strict separation between deposit-taking commercial banks and risky investment banks, can the government protect both depositors and the functionality of the nation’s financial system from looming financial shocks.
Read more...

Download a PDF copy of Glass-Steagall for Australia (9mb).

Craig Isherwood: Urgent Appeal to Representatives and Senators of the U.S. Congress

Dodd Frank: the anti-Glass-Steagall

  • Dodd-Frank Kills: How The U.S. Joined International Bail-In
  • Kill Dodd-Frank Before It Literally Kills You!
    Click here for more

    2013: It's Glass-Steagall or die!

  • AUDIO: An Urgent Appeal for Glass-Steagall from Helga Zepp-LaRouche
  • Frankfurt Schiller Conference Resolution: 'Either Glass-Steagall, or Chaos and Genocide'
  • Cancelling the monetary system without Glass-Steagall is genocide: LaRouche
  • A Bailout was Never Possible: The Intent is Genocide (PDF flyer)
  • Hyperinflation: A Graphic Presentation by Dennis Small
  • New LaRouchePAC Video Documents the Reality: Glass-Steagall, or Genocide!

    12 January, 2013
    Worldwide Glass-Steagall Legislative Initiatives: An International Overview

    Trans-Atlantic alliance for Glass-Steagall

    1st August, 2012
    ‘Shatterer of Glass-Steagall’ calls for its restoration
    The former boss of giant U.S. bank Citigroup, Sanford (Sandy) Weill, who possesses a giant wooden plaque listing his accomplishments which includes the line, “The Shatterer of Glass-Steagall”, has shocked the banking world by calling for its restoration.
    Read more...

  • A Powerful British Faction has Aligned with LaRouche
    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 ...
  • The Principles to be Considered: A NEW LIFE-TIME FOR OUR SOCIETY
     On The Fourth of July, 2012, the voices of some of the most respected figures referenced by the British press in London, had shocked the politically sentient circles of the planet, with the publication of a report whose source has included the members of a circle of public figures from among the most highly respectable, relevant circles of Great Britain. Those voices had announced that some crucial elements of that famous empire’s leading press had suddenly called for wiping out the nominally richest British banks in the world, in order to rescue both Britain and the United States from a terrible catastrophe. The relevant British proponents had proposed cooperation between the United States and Britain on this specific account.
  • Glass-Steagall Understood: The Space In Which To Live
  • The London Turn-a-bout: THE ONCE-IN-A-LIFETIME OPTION
  • Lyndon LaRouche Responds to Britain (video)
    Lyndon LaRouche issued the following remarks regarding the breaking developments coming out of Britain and their proposal that the United States join them in establishing a classical Glass-Steagall banking reorganization of the transatlantic financial system immediately. ...
  • Libor: Not a Scandal. A Funeral.
    The real story surrounding the news that the London Interbank Offering Rate was manipulated is that the financial system that mechanism is a part has died, and a return to the Glass-Steagall Act in both London and the United States is the first step to replacing that system.

    Updates

    See Financial Crash page for Libor-rigging scandal: The funeral of the financial system!

    See British Empire page for LaRouche was right about HSBC

  • Truthout: Time to Bring Back Glass-Steagall
  • FED's Yellin, Following Bernanke, Says No Glass-Steagall Return
  • Fight on Banking Separation in EU Parliament Committee
  • Glass-Steagall Resolution Introduced in New York State Assembly!
  • Pope Francis on the "Poverty of Unemployment" and the Failure of "the System"
  • Glass-Steagall Reverberates in the U.S. Congress
  • European Parliament Member Writes Harkin, "We Need a Glass-Steagall Solution"
  • Bernanke Says "No Way'' on Glass-Steagall
  • Anti-Bank Investigator to Spanish Elite: Stop Being Asses; Implement Glass-Steagall
  • Russians Welcome Glass-Steagall Fight
  • US National Farmers Union Congratulates Harkin and Kaptur for Glass-Steagall Legislation
  • Harkin's S.985 Continues to Stir Optimism... And Now Counterattacks
  • Sir Bill Gates Explains His Genocidal Calculus
  • "Middle Class Has to Become Obsessed" With Passage of Glass-Steagall
  • Senator Harkin Introduces S. 985 To Reinstate Glass-Steagall
  • Pope Francis Denounces "Cult of Money" that tyrannizes the Poor
  • Tuscan Glass-Steagall Resolution
  • Examiner.com Promotes Glass-Steagall Week of Action
    Click here for more updates on this subject.

    Background on Glass-Steagall

    Only Glass-Steagall Can Stop the Financial Rot
    When JP Morgan Chase owned up in early May, 2012, to a derivatives blowout of at least $3 billion, a chorus of voices around the world immediately demanded the return of Glass-Steagall, U.S. President Franklin Roosevelt's 1933 banking regulation. From its enactment in 1933 to its repeal in 1999, the Glass-Steagall Act (named in the U.S. style after its Congressional sponsors, Senator Carter Glass and Representative Henry Steagall) forbade any cross-ownership between Wall Street's investment banks, and the deposit-insured commercial banks which held the savings of the American people. The Glass-Steagall "firewall" quarantined the daily financial affairs of the real economy from crisises on Wall Street, and put a brake on the Wall Street investment banks, which knew they would not be bailed out.
    Following the 1999 repeal of Glass-Steagall, directed by U.S. Treasury Secretary Larry Summers, the Wall Street investment banks had a free-for-all, snapping up commercial banks to gain access to their huge deposit base. JP Morgan Chase is one such example: JP Morgan had been one of America's most powerful investment banks, while Chase Manhattan was one of the biggest commercial banks. The banks, bloated through such mergers, became "too big to fail", holding the American people hostage to the financial crimes of Wall Street: unless the banks were to be bailed out of their derivatives losses, their collapse would wipe out the savings of millions of depositors.
    The February 2011 findings of the official U.S. investigation, the Financial Crisis Inquiry Commission (FCIC), the so-called Angelides report, blamed the post-2007 crisis on the 1999 repeal of Glass-Steagall and the 2000 deregulation of derivatives, declaring, "The greatest tragedy would be to accept the refrain that no one could have seen this coming and thus nothing could have been done. If we accept this notion, it will happen again."
    The LaRouche movement in the United States has been mobilising during the past five years for a return to Glass-Steagall. The Angelides report reflected growing momentum in that direction. In April 2011, Democratic Representative Marcy Kaptur introduced into the U.S. Congress a bill to reinstate Glass-Steagall; her bill, House Resolution 1489, has 62 co-sponsors. (President Obama's allies in Congress blocked two previous attempts, including one co-sponsored by former presidential candidate John McCain.) Glass-Steagall is front and centre of the political debate in debt-stricken Europe, where dozens of political figures, legislative resolutions, and media have called for application of a separation of banking functions.

    Press Release, May 26: LaRouche - The Glass-Steagall Moment is Upon Us

    JP Morgan Chase blowout fuels demands for Glass-Steagall now
    11th of May 2012

    Calls for Glass-Steagall Proliferate Everywhere

    Emergency Resolution: Glass Steagall, National Banking & NAWAPA XXI

    The Seven Necessary Steps Toward Global Economic Recovery

    EMERGENCY RESOLUTION: Glass Steagall Now!

    Glass-Steagall Legislation Introduced into US Congress, again

    Text of Congressional call for Glass-Steagall


    The Science of Glass-Steagall, January 26, 2010
    The matter of Glass-Steagall far exceeds any mere discussion of money, or even re-organizing the banking system. Glass-Steagall gets directly at the substance of mankind's ability to willfully exert his creative powers over the universe to increase his ability to exist. Indeed this is the basis for understanding economic value. Here we take the case of Iron Ore deposits and the oxygen crisis as a pedagogical case in point.

    New York Dialogue With LaRouche—
    The Science Behind Glass Steagall

    Feature: The Takedown of Glass-Steagall

    The Takedown of Glass-Steagall: Trailer


    Emergency Relief to the Population, Now!
    Implement Glass Steagall now, so we can provide the necessary credit for a recovery and emergency relief.


    Glass Steagall: The Enemy of Inter-Alpha
    The British Empire is what we wish to see wiped out with the reimplementation of Franklin Roosevelt's Glass Steagall Act.

    Australia needs its own Glass-Steagall (pdf)

    LPACTV: On FDR & Glass-Steagall

    To Restore Glass Steagall: Dump Barney Frank Now!

    Jeff Steinberg On the Repeal of Glass-Steagall (video)

    Jeff Steinberg On the Repeal of Glass-Steagall, Part 2 (video)

    To Save Our Nation Congress Must Pass Glass-Steagall & Shut Down Derivatives Now!

    The fight to reinstate Glass-Steagall (pdf)

    LaRouche on the Record: Glass-Steagall or Die (video)

    From the Archive: Firewall Then, Glass-Stegall Now (video)

    From Our Archives: Restore the Glass-Steagall Now!

    Harley Schlanger Interviewed on the Glass-Stegall Act (video)

    May 8 Webcast Q5 - The British vs Glass-Steagall (video)

    May 8 Webcast Q7 - Glass-Steagall and the Present Crisis (video)

    Interview with Congressman Walter Jones on Afghanistan & Glass-Steagall
    LPACTV DC Correspondent Ardena Jones interviews Congressman Walter Jones (R-NC) about his views on withdrawal from Afghanistan and his support for Marcy Kaptur's bill, HR-1489, to Restore Glass-Steagall.

    LPAC Interview: The Credit System with Cody Jones
    Ed Hamler sits down with Basement Team Researcher Cody Jones to discuss the true nature of the United States Credit system.

    The Ontology of the Credit System
    October 9th, 2011
    Basement Research Team Director, Sky Shields gives an in depth description of the Credit System and why Mankind as a species requires such a policy.

    Click here for more on what a credit system is.

    Previous organising on Glass-Steagall

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