Monday, May 30, 2011

5-27 IMF'S Strauss-Kahn arrest makes way for a better World Banking system without more Trillion dollar Bailouts

Strauss-Kahn falls in Olympian brawl over bailout—go with Glass-Steagall!

A vicious brawl has erupted in the boardrooms of central banks and government treasuries over whether to respond to the new wave of global meltdown with another round of hyperinflationary bailout—or not—which is why Dominique Strauss-Kahn has lost his job as the IMF’s “Third World-rapist-in-chief”.

Dominique Strauss-Kahn’s antics in his hotel suite are not why he was arrested and thrown in the clink: he led the faction of financiers pushing for a last hurrah bailout before the whole system implodes, and thus has now been removed from the picture by those opposed to that suicidal lunacy.

U.S. physical economist Lyndon LaRouche, the world’s leading economic forecaster and originator of the call for a global Glass-Steagall banking reorganisation to replace the bailouts, declared on 21st May that Strauss-Kahn’s downfall changes the course of history:

“We’re now having a general collapse, of the entire international financial-monetary system. It is an absolutely assured collapse … if certain changes are not made now, and they seem to become likely because of what happened to Strauss-Kahn in New York City, which has changed the course of history in a very significant degree. Because he was supposed to be setting into motion the effort to save [U.S. Federal Reserve Chairman Ben] Bernanke, [U.S. Treasury Secretary Timothy] Geithner, and Obama, from delivery to Hell, by pushing through another round of bailout in the international system. Now, what happened to him in New York, was simply an attempt to ensure that there would not be another bailout of this global financial system …”

LaRouche continued, “The entire system is now going to crash in one of two ways: Either by some unlikely prospect, the backers of Obama, Geithner, and Bernanke will survive this—in which case all Hell busts loose, or they won’t survive it, in which the situation becomes much more interesting. And what happened to Strauss-Kahn, is an absolutely crucial part of this turning point which has been reached in the past two weeks … Now, there are two kinds of collapses: There’s either the collapse of the international speculative system, or there’s the collapse of the world economy, and a general genocidal collapse of civilisation globally. Those are your two options, and we’re at the point where that decision, and only that decision, has any significance.”

[Click here to watch an 11-minute LPACTV video, Strauss-Kahn and the End of Bailouts.]

Glass-Steagall NOW!

Only a return to the 1933-99 Glass-Steagall Act, which protected savings banks from the gambling pirates in the investment banks of Wall Street and the City of London, will save the financial system from a 1923 Weimar Germany hyperinflationary implosion.

Glass-Steagall is back before the U.S. Congress in the form of House Resolution 1489, but Obama, who openly serves the City of London elite to whom he has spent the week genuflecting, is desperately trying to block it.

[Click here to watch a 26th May briefing by Lyndon LaRouche on the fight for Glass-Steagall.]

If patriots in the United States can win the fight for Glass-Steagall, it opens the way to rescue Australia’s economy—which is facing a property bubble collapse and Ireland-style banking meltdown—through the enactment of the CEC’s Homeowners and Bank Protection Bill 2008, and Commonwealth National Credit Bank Bill (explained in the CEC’s book, What Australia Must Do to Survive the Depression).


Citizens Electoral Council of Australia

Media Release 27th of May 2011

Craig Isherwood‚ National Secretary
PO Box 376‚ COBURG‚ VIC 3058
Phone: 03 9354 0544 Fax: 03 9354 0166

Seems to confirm Benjamin Fulfords blog here on 5/16.

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