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February 8, 2010 For any actually competent economist today, a global equivalent of a ``Glass Steagall'' reform was implicit in President Franklin Roosevelt's 1944 fixed-exchange-rate Bretton Woods system. It was the contrary actions of President Harry Truman, made as concessions to Winston Churchill, and to Wall Street, after Roosevelt's death, which sent the world careening, step, by step, by step, into the direction of the presently terminal phase of decline gripping the world today.
The ultimate consequence of the Truman administration's concessions to London and Wall Street is, today, that all recipes known to me, for a so-called ``new Bretton Woods'' contrary to my efforts, have been fraudulent in effect, whether this was the intended effect, or not. Such has been today's outcome of the official suppression of President Franklin Roosevelt's anti-Keynes, Bretton Woods intention for the post-war world.
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Note to Subscribers:
We have delayed posting the new EIR, so that we may bring you a special double issue (Feb. 26/March 5, 2010), to include an extensive, new piece by Lyndon LaRouche, entitled, ``The Senile British Lion: Evil, Wicked & Stupid!''
In the meantime, the news digests (``This Week's News'') have been updated, with the latest developments.
The Editors |
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March 23, 2007
EIR News Service announced the publication of
The Anatomy of Russian Capitalism,
by Professor Stanislav M. Menshikov.
Translated from the Russian by Rachel Douglas, the book is an authoritative study of the Russian economy during the first 15 years after the break-up of the Soviet Union. The Preface, by EIR founder and contributing editor Lyndon LaRouche, titled, "Russia's Next Step," poses the need for U.S. policy-makers to study and grasp the "disease" presented in this book, since it represents "an economic global pandemic which we must all join to defeat." |
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This Week's Cover
- Saving the Planet Now!
A Global 'Glass Steagall'
by Lyndon H. LaRouche, Jr.
'Today, without a kind of Glass-Steagall reform, which would virtually wipe out the monetarist features of both Wall Street's and of the City of London's systems, the chances for escaping an already oncoming, planet-wide, 'new dark age,' were virtually 'zilch'!'
- The 'Banco Santander Syndrome':
City of London's Sucker Game
Lyndon LaRouche blew the whistle on the British game, which was intended to convince Moscow that there is a vast pool of money, centered in institutions such as the London-controlled Banco Santander, which were going to be the resource for the Russians, when the British succeeded in bringing down the United States. The story behind the story.
Economics
Obituary
Science
- From the Moon to Mars:
The New Economics
'The human species, beginning with the American population, must be educated with the understanding that the various steps toward becoming a spacefaring speciesthe industrialization of the Moon, the development of fusion power, and the colonization of Marsare not optional ones. The problems here on Earth are not local ones. The fundamental scientific breakthroughs required to address these problems, lie, along with the answer to their origins, in the stars.' The transcript of a halfhour video produced by the 'Basement Team' of the LaRouche Political Action Committee. Part 2 of a series.
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