Solving the World Financial Crash: Global Glass-Steagall Act
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Uploader Comments (laroucheyouth)
All Comments (10)
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This is will be another great video. Im watching it now
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Globalization created the perpetuity of this criminal monetary financial system, that's why you need an international Glass-Steagall, so you can revert this process, where power over trade was granted fully to the international private banking cartels. Illegitimate debt covers more and more of the Earth's physical economy, feeding off of it and bringing it down. The derivatives need to go to a permanent grave.
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This might be so for the US, but other countries have other policies for bankruptcy. It is impossible to get all countries trough the same (US) procedure. The elite will hold status quo as long as possible.
Face it: We will have hyperinflation and riots on the streets. There is no other way to break the existing structures. History shows that it always needs blood on the streets for a real change.
But I fear this time it will be worster than the french revolution cause the mess is global.
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No, global Glass-Steagall equals a sort out of debt, in legitimate debt and swindle debt. It means that these transnational monstrous banks will be looked over by sovereign nation states. After debt is solved out the world goes through a new Bretton Woods.
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Global Glass-Steagall Act= global goverment
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make some shorter videos that sum it up. nobody wants to watch a 26 minute video anymore. great info, but need some better marketing. peace
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I'm all for the 4 powers balance.
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It sounds good though but you forget that most of the pension fonds, insurances etc. have invested in those crap assets. If you set these assets to zero than the world will explode, regular ppl will riot on the streets and blood will flow. The payer is Joe Average who has nothing else then those fonds for retirement, life insurances etc. All savings will be lost.
Do you really think the banks allone will take the loss? What an illusion ...
qminusis 2 years ago
The policy is really a bankruptcy reorganization. As in an bankruptcy you freeze and protect the functions and values that are actually valuable to society.
The point is the system is bankrupt, no getting around that. Either we do this, or we bail-out our way to a hyperinflationary hell.
laroucheyouth 2 years ago