How To Stop the Global Financial Meltdown Over a Weekend

This transcript appears in the August 2, 2013 issue of Executive Intelligence Review.

GLASS-STEAGALL:

How To Stop the Global Financial
Meltdown Over a Weekend

by Helga Zepp-LaRouche

Here is Zepp-LaRouche’s keynote address to the July 27 EIR webcast.


I am very happy to address you all.

This is a rather unusual format for a webcast, bridging the Americas and Europe. But I think the special issue which we are addressing today, actually warrants such an approach, because we are right now confronted with an unbelievable danger to human civilization. We are very immediately threatened by what could become a global fascist regime. We are also in the middle of a financial breakdown, and quite related to that, we are also on the verge of a third world war, which easily could and would become a thermonuclear war, and therefore leading to the extinction of civilization.

The reason I’m saying that, given the fact that I’m speaking from Germany—I have the example of what happened in the ’30s in Europe, and even though the situation today is much more dramatic, there are, parallels from which we can learn lessons. Because, as the world very bitterly had to experience, we in Europe reacted to the Great Depression of the ’30s, with fascism. We had Hitler, we had Mussolini, Franco, and the Pétain regime in France. And out of these fascist economic solutions and fascist regimes, came World War II.

Fortunately, in the United States, Franklin D. Roosevelt chose a completely different approach, and that was actually to take on the banking system of Wall Street, to implement Glass-Steagall separation of the banks, to go for a Pecora Commission to put the criminals into jail; and then, with the New Deal and an infrastructure program, he successfully led the United States out of the Depression.

These two examples are also, today, the two possible roads that we can take as a human civilization. Today, very literally, you have Wall Street and the City of London, and the EU Commission, going for fascist solutions, and they’re quite open about it, as I will shortly illustrate. The good thing is that the fight for a return to Glass-Steagall is making tremendous progress in the United States. Just in the last two weeks, we had an unprecedented mobilization in the United States, in the Congress, in the Senate, in a nationwide mobilization, and now you have a bill in the Congress, which has so far been co-sponsored by 71 Congressmen. We have two different bills in the Senate, also for Glass-Steagall, and we have many, many national and regional organizations, who have come out demanding the immediate imposition of Glass-Steagall.

Read the rest of Helga Zepp=LaRouche’s remarks here

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