In a webcast address May 8 from Northern Virginia, Lyndon LaRouche discussed first the immediate crisis the world faces, and the unique opportunity presented by the Cantwell-McCain amendment in the U.S. Senate, which calls for reinstating the Glass-Steagall law. "The people behind McCain-Cantwell and so forth," LaRouche said, "are acting not as factitious politicians, they're acting as patriots. And the guys who oppose them are not acting as patriots! Because, if the British system goes down, the euro system goes down—as it will go down—one way or the other, it's doomed! This system is finished, and nobody can save it."
The second part of his presentation was a scientific discussion of what we can (and must) do next, if we succeed in getting the Glass-Steagall amendment passed.
The transcript includes an extensive question-and-answer period.
Lyndon LaRouche said on May` that the U.S. Senate's passage of the Glass-Steagall separation of commercial and investment banking is an essential step toward global recovery. "If the Senate forces through the Cantwell-McCain amendment, and the President is forced to sign it into law," he said, "despite his own desperate efforts to kill the amendment, then this will create the opportunity for several crucial European countries to break free from the total breakdown collapse they now face."
The Implications of Glass-Steagall Today
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By Helga Zepp-LaRouche. Europe's experiment with a currency union without political unity must be declared a failure, and the states of Europe must restore sovereign control over their own currencies and economic policy. If that is not done, tensions between the states will increase further, and hyperinflation like that of Weimar 1923 threatens to reemerge soon.
The defeat of two prominent Congressional incumbents, and the decision of many more not to run again for office, demonstrates the depth of anger and political mobilization in the American electorate.
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