Greater Phoenix Tea Party Patriots

Patriot Groups throughout the Maricopa and North Pinal County area.

INFORMATION SHEET ON THE GLASS-STEAGALL ACT

PREPARED FOR ARIZONA STATE LEGISLATORS

Submitted by Dennis Dugan
February 2, 2015

 

RESTORE GLASS-STEAGALL

The 1999 repeal of the original “Glass-Steagall Act” of 1933 was a criminal act of biblical proportions. Since the 2007-2008 transatlantic banking crisis, it has been sometimes described, that were the original Glass-Steagall Act to be restored, it would be the largest transfer of political power since Jesus Christ took on the Roman Empire. In 2010, an establishment figure from the City of London is reported to have said, “were the United States to reinstate Glass-Steagall, Great Britain would consider it an act of war.”

For relevant background on this legislation, its takedown, and the urgency for its restoral to once again return to our original American System of Economics as designed by Alexander Hamilton, and enshrined in our 1789 federal Constitution, go to https://larouchepac.com/glass-steagall.  

For an extensive and detailed chronology of support for returning to the Glass-Steagall principle, from Capitol Hill, state legislatures, institutional layers, policy makers and notable individuals at home and abroad, click on “National and International Support for Glass-Steagall.” (https://larouchepac.com/hr129support)

In summary: The American Revolution has always been a battle between the forces of Prometheus and Zeus.  Our Founding Fathers were followers of Prometheus and sought to create a future that was for the common good and benefit of all mankind.  The Return to Prudent Banking Act of 2015 unchains America from the rock it was bound to with the destruction in 1999 of the Glass-Steagall Act and stops the forces of Zeus from daily feeding on the body of the American Public. 

THE FOUR CARDINAL LAWS

Simply separating commercial from investment (speculative) banking, as provided by restoring Glass-Steagall, while a necessary first step in the economic and cultural recovery of the United States, is not sufficient. Other measures, fully consistent with the specific intent of the Constitution, must also follow, and quickly.

We must return the nation to a system of top-down, national banking and credit, under the supervision of the Secretary of the Treasury. The purpose of the use of a federal credit system is to generate high capital-intensive productivity trends in improvements of employment with an accompanying intention to increase the physical-economic productivity and standard of living of our citizens and households.

Along with emergency relief measures to stem the current tide of death and destruction for want of a productive full-employment economy, we must engage in a crash fusion-driver program, to develop and deploy baseline commercial thermonuclear fusion power throughout the country. One measure of the health of a culture (progress) is its willful applied devotion to increasing the powers of its productive abilities, to ever higher levels of per-capita existence, through especially increasing the energy-flux density of power.

A fusion-based economy is the urgent next step, and the standard, for man’s gains of power within the Solar system, and, later, beyond.

For a fuller presentation of the “Four Cardinal Laws” as put forward by American statesman Lyndon LaRouche, go to https://larouchepac.com/four-laws.

 

THE UNITED STATES AND EUROPE MUST HAVE THE COURAGE TO REJECT GEOPOLITICS AND COLLABORATE WITH THE BRICS.

In today’s nuclear age, the consequence of a geopolitical policy of confrontation with Russia and China can only be the thermonuclear extinction of the human race. Therefore, every effort must be made to cooperate to solve the multiple crises facing humanity.

The BRICS nations (Brazil, Russia, India, China, and South Africa), along with a number of other nations, including Egypt and Argentina, have united to pursue an inclusive policy of economic development, just for their individual countries, but for the benefit of the people of all nations. To that end, they have created a New Development Bank (NDB) to invest billions into necessary development projects worldwide.

China has recently initiated the Asian Infrastructure Investment Bank (AIIB), joined by over 20 Asian nations as founding members, and has set up a New Silk Road Development Fund.

The United States and Europe must abandon their suicidal geopolitical policies of the past which led to the two previous World Wars, and are leading to a third, and build a future for all humanity, by re-adopting the principle of the Treaty of Westphalia, by basing foreign policy on the principle of the “benefit of the other,” which ended the thirty-Years War in Europe; and on President John Quincy Adams’ concept of a “community of principle of sovereign nation states.”

This is the only course coherent with the true nature of man as the only creative species. Any other course is based on a concept of man as an animal, and leads to human extinction. In the wise words of the German poet, philosopher, historian, and playwright, Friedrich Schiller, “as patriots of our own nation, and, as citizens of the world,” we must have the courage urge our fellow citizens and elected representatives to break the current cycle of escalating bestiality, by accepting the generous offer to collaborate with the BRICS.  

For a full discussion of the BRICS, the new international architecture it brings, the global array of development projects planned and/or already under construction, and the path by which the United States must take to begin collaboration, download the 24-page pamphlet, published by the LaRouche PAC, at https://larouchepac.com/sites/default/files/2014-lpac-brics-pamphle....

 

BRICS PETITION

The Schiller Institute, an international organization associated with American statesman Lyndon LaRouche and his wife, Helga Zepp-LaRouche, is circulating a petition for those who grasp the extreme danger of the present world situation, and can see the way out in the BRICS developments.

 

To read the petition, see a list of prominent signers, and sign the petition yourself, go to:  http://newparadigm.schillerinstitute.com/media/press-release-promin....  

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