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since Hawke and Keating in 1983, the ALP has turned its back on its historical fight for economic sovereignty and a financial system that served the people, and has gone over to the position traditionally occupied by the Liberals, of serving the interests of the private banks. This ‘consensus’ achieved the so-called economic ‘reforms’ of floating the dollar, deregulating the banks, exposing Australia to foreign banks, slashing tariffs to smash manufacturing, and imposing National Competition Policy to root out family farmers and small businesses on behalf of private cartels such as Woolworths and Coles, BHP and Rio Tinto, and multinational corporations. In other words, all of the policies that have reduced our once-powerful industrial economy into a debt-laden colonial quarry are the result of a behind-the-scenes pact between the major parties. Lyndon LaRouche’s demand for a global Glass-Steagall reorganisation, based on the 1933-1999 U.S. Glass-Steagall Act, to separate all essential banking relating to the daily functioning of the real economy, from speculative investment banking, and only protect the essential activity.
“Clean out the corruption with a Pecora Commission, protect the people by keeping families in their homes with the HBPB, and reorganise the whole system by writing off the toxic and unpayable debt and derivatives obligations along the lines of Glass-Steagall.” He concluded, “These are not just good ideas—this current global monetary system is finished, and only through these measure will we have a future.”
Did you know that in the aftermath of the Savings and Loan (Thrifts) scandal (1980’s) there were more than a thousand felony convictions of financial elites? The cost of the wrongdoing associated with the rip-off and closure of nearly 800 Thrifts cost taxpayers more than $160 billion. The current sub-prime/mortgage-backed security scandal is 40 times bigger according to Economics professor William Black. That means the size of the crime is $6.4 trillion by my calculation. Can you guess how many indictments there have been on financial elites who created this enormous mortgage crisis mess? Zero, none, nada, zip. Yes, not one single prosecution or conviction has been started Gulf Of Mexico The US Presidential commission's findings make it appear more likely that Justice officials will file criminal charges not only against BP and Transocean Ltd., the rig's owner, but also against Halliburton. BP and Halliburton knew this cement job could fail only solidifies their liability and responsibility for this disaster," Markey said in a statement. "We now know what BP and Halliburton knew, and when they knew it. And now we know they did absolutely nothing about it. New Delhi RFID Chips in ALL vehicles for Toll purposes. Highways and Road Transport Minister Kamal Nath on Wednesday said it would be mandatory for all vehicles to have a prepaid chip for toll payments within eighteen months. UNEMPLOYMENT 22% Oct 2010 in California including Silicon Valley.
DNA Alteration By the 1940s, the scientists knew how to alter the expression of mammalian DNA in utero and in vivo using endocrine disruptors. Through processed foods the DNA of common folk is being altered to create a docile non thinking work force and leaving a superior force of a few in control of the masses and so determine breeding and death policies without objection. Refer G. Edward Griffin, Unfiltered News 29 October 2010. Those unfamiliar with endocrine disruptors might first look at www.ourstolenfuture.org. The Carnegie Endowment, the Ford Foundation, the Guggenheim Foundation, and the Rockefeller Foundation, 'all working in harmony toward the control of education in the United States'.