The European leadership is panicked about the rapid collapse of the banking system. We are experiencing the breakdown of the entire trans-Atlantic banking system, not just some part of it. No solution exists outside of the immediate creation of laws in Europe and the U.S. to facilitate a new, Hamiltonian financial and economic order. The $2 quadrillion in derivative gambling debt must be written off and the commercial banking system recapitalized to do its legitimate job: directing credit into reconstructing the world economy.
The fact that both the Republican and Democratic parties have placed passage of Glass-Steagall into their electoral platforms has sent Wall Street into conniptions, terrified that as Barrons reports, “there is an u…
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