"The Greatest Crisis in History: Can We Solve It?"
Helga Zepp-LaRouche opened the July 2-3, 2011 Schiller Institute Conference, "Rescuing Civilization from the Brink," with the panel, "Imminent Disintegration of the World Financial System or Enactment of the Glass-Steagall Act?"
http://schiller-institut.de/seiten/2011/konferenz-zivilisation-retten.html
TRANSCRIPT:
Well, I think all of you are aware that the world is in a dramatic mess. As a matter of fact, as we are convening here for this conference, we are maybe days away from a civilizational catastrophe. And what I mean by a "civilizational catastrophe," is a process where chaos is erupting in the trans-Atlantic region, to an extent where it could not be remedied. So, if this is not stopped, and reversed within days, we are in danger of a process which is without precedent in history. References have been made to the 14th Century, but if you look at the global collapse which is in process right now, I think that that is too soft an example.
There is a solution. It is actually quite easy, relatively speaking, because, if in the United States, the population can be aroused so that the Congress and the Senate have the guts to implement Glass-Steagall, writing off the trillions of dollars in gambling debts, and going back to a credit system in the tradition of the American Revolution, then there is hope for Europe. If the United States would make a bold action, and enact Glass-Steagall, there would be nothing left for Europe, but to act in an analogous way, and do the same, simply because of the interaction of the market segments of the derivatives markets, of the combination of the global system. ...
More: http://www.larouchepub.com/hzl/2011/3827hzl_keynote.html
