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I see an economic diasater coming...

Started by the_big_m_in_ok, September 03, 2009, 01:05:30 AM

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Do you think the American economy will ever improve?

Yes, definitely
Possibly, in the long run
No, it will worsen
Undecided

triffid

These actions have been taken with the full knowledge that the fight for Glass-Steagall has been ledâ€"in the United States and in Europeâ€"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." That is the crucial factor in our moving to remove Obama from the Presidency and the nomination before the Democratic nominating convention begins on Sept. 3.                                                                                                                                                                                               It is crucial to understand that a grouping in London has concluded that the system has already blown, and they must act preemptively to save their interests. This opens the door for Obama's removal in time. The crimes of Obama are evident, from Fast and Furiousâ€"which was nothing else than a coverup of the flood of drug money that went to Obama's illegal election in 2008, courtesy of George Soros and that gangâ€"to the most damaging leaks of national security secrets in the nation's history. But the real issue behind Obama's removal is that he and Geithner and Bernanke are the biggest impediments to the immediate implementation of Glass-Steagall. As LaRouche said on Friday, "Glass-Steagall is the operation that brings down the Obama Presidency."
The LIBOR rigging scandal now also opens another flank. Today, the British Serious Fraud Office (SFO) announced a criminal investigation into the fixing of the rates that determine virtually all adjustable-rate mortgage and credit card rates worldwide. The investigation will be coordinated with law enforcement agencies in the United States, Japan, and throughout continental Europe. This is potentially the Pecora Commission, but on a global scale, that was so ferociously suppressed in 2008. The LIBOR scandal is so big, and involves so many of the worst of the trans-Atlantic banks, that it cannot be suppressed. Bankers are going to be frog-marched off to jail over this.

triffid

There is one other critical dimension of this picture that cannot be overlooked or underestimated, and that is the role of Russia and President Putin in foreclosing the option of a limited war. The fact that Putin and the Russian generals have repeatedly warned that any move for regime change in Syria or Iran could lead to a thermonuclear war of extinction, has meant that the British bluff has been called. The combination of the Russian resolve, and the war-avoidance actions by U.S. military leaders, from the Chairman of the Joint Chiefs of Staff, General Martin Dempsey, on down, has thrown off the timetable for war, that had been set last year. The option of wars in Syria and Iran, following closely on the heels of the overthrow and assassination of Qaddafi in Libya, has been stopped so far. As the result, the rate of collapse of the trans-Atlantic financial system has raced ahead of the war preparations, to the point that any kind of strategic confrontation is now much more difficult, if not impossible.

triffid

So it seems that the USA and great Britain was threatened with nuclear war if we went after Iran or Syria.I heard today on a TV show that recent college grads are suffering over 50% unemployment in the USA and that unemployment isn't just for psych majors anymore.
I thought I had a hard time finding work back in the 1970's.It took me 6 weeks to find a $2.00 an hour job in 1975.But I was working in a medical lab close to my major(biology).I was so happy to have a job.When I left two years later I was making $3.05 an hour.No money there so I moved on.
But I know how important it is to have a job.Its important to have a place away from the house where you can get some peace and quiet because it may not be there at home!
Since 1999 whenever they could "banks have gone wild".But it seems that lately theres a ruling elite who would prefer "Banks to fail" in an orderly fashion than society in an uncontrolled fashion.I hope its true.triffid

triffid


I hope that we colonize and industrialize the moon and mars as Lynden LaRouch says we should.Every dollar invested would bring back ten.
Every dollar we invested in the apollo program brought back ten.triffid

triffid