Tag Archives: Weimar hyperinflation

Hearing: Allan Meltzer Warns of Coming “Tidal Wave” Effect of 3 Trillion “Currently Idle QE Reserves”

Yesterday, on January 9th 2014, the Monetary Policy and Trade Subcommittee of the House Financial Services Committee held a hearing named “Federal Reserve Oversight” to discuss the Quantitative Easing Program of the Federal Reserve. Witnesses included Benn Steil, senior fellow … Continue reading

Posted in Glass Steagall | Tagged , , , , | Leave a comment

Paul Volcker: ring-fencing banks is not enough

In an interview to the Daily Telepgraph  Paul Volcker, the former chairman of the Federal Reserve, spoke against ring-fencing of banks, “In my experience ring-fencing is not terribly effective,” said Mr Volcker. “It only works in fair-weather. But doesn’t work … Continue reading

Posted in Glass Steagall | Tagged , , , , , , , , , , , | Leave a comment

“Bailing out Barack”: BERNANKE’S NEW “BAIL-OUT” FRAUD

By Lyndon H. LaRouche, Jr. September 12, 2012 Today, it was The New York Times’ Binyamin Appelbaum’s turn to bellow into Ben Bernanke’s “bail out” barrel. Technically, the mission, this time, is to “pump up” President Barack Obama’s lurch toward … Continue reading

Posted in Glass Steagall | Tagged , , , , , , , , , , , , , , , | Leave a comment

Blowout Fears in the Wait for Karlsruhe Decision on Wednesday

The London Observer Sunday described fear and anxiety among governments and bankers around the world, in anticipation of Wednesday’s ruling by the German Constitutional Court in Karlsruhe on the legality of the European Stability Mechanism (ESM). A German government official, … Continue reading

Posted in Austerity & Bank Bailouts | Tagged , , , , , , | Leave a comment

Eggheads for Glass Steagall

Sept. 4, 2012 (LPAC)–The 2012 Fall Issue of the Phi Beta Kappa Society’s 80-year-old quarterly, {The American Scholar}, which prides itself on including nearly 300 presidents of the leading colleges and universities in the United States among its 25,000 subscribers, … Continue reading

Posted in Glass Steagall | Tagged , , , , , , , , , , , | Leave a comment

Argentine President: Political Leadership Must Confront the “Casino Capitalism” That is Killing People

In an Aug. 14 speech addressing the global economic crisis, and particularly the devastation of the Eurozone, Argentine President Cristina Fernandez de Kirchner charged that what’s lacking today is the “political leadership” required to “confront those interests that must be … Continue reading

Posted in Austerity & Bank Bailouts | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Spanish and Italian Trade Union Federations Jump On Speculators’ Bandwagon

In an act of irresponsible, suicidal stupidity, the largest trade union federations of Spain, the CCOO and UGT, together with their counterparts in Italy, the CGIL, CISL and UIL, sent a joint letter on August 1 to their heads of … Continue reading

Posted in Glass Steagall | Tagged , , , , , , , , , , , , , , , , | Leave a comment