Obama is Political "Dead Meat" - Lyndon Larouche Reports 2/2
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Some good discussion here, Alex & Lyndon. There's more: Go to AbelDanger(dot)net ; scroll down the right side panel (below all the images) until you see a "CITY OF LONDON" heading in black text ; click the "Monetary Reform" blue button & explore some fresh solutions (note: the site spells it Abel – not Able).
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He is right about the private sector not funding stuff, which would help the people and nation, but won't create (fast or good) profits. You need public funding for projects like that.
But, I don't know why would we need to have private profitmaking banks at all. Interest should be outlawed from borrowing, that's for sure. Otherwise it's impossible for everyone to pay their loans back! Money lending should be non-profit and community benefitting.
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@PilsenB And the reason you need govt. credit for long-term infrastructure projects, LaRouche says, is that the private sector isn't going to fund gigantic 30-year-time-horizon projects that benefit the citizenry at large.
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@Aurinkohirvi Under LaRouche's ideas, we'd still have private banking, but we'd fund major infrastructure projects via "the bank of the U.S. government" -- a government-run bank that would replace the "independent" Fed. We'd also clean up private banks by reinstating the Glass-Steagall Act, which separated commercial and "investment" banking. That way the wild-eyed gambling part of the banking system could be allowed to go bankrupt, while we'd protect home loans, consumer loans, etc.
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@Aurinkohirvi Accdg. to LaRouche you handle this by creating a national credit system that funds high-technology infrastructure projects. Not an "independent central bank" but a truly national bank run by the U.S. govt. Basically, we take control of our currency and credit back from the private banking system.
Then the infrastructure that is funded (energy, water supply, transportation, etc.) creates the conditions for further growth in the private sector.
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I really agree with this man. He speaks the truth. Not idealistic, not perfect, but so right on the money.
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look kadafi is dead /watch?v=ttFQunI-LAM
politics in general is dead meat! REPUBLICAN, DEMOCRAT, SAME SHIT, DIFFERENT ASSHOLE!
werdskantxpress 4 months ago 4
time and the past has shown that Lyndon is a pure genius... He spent time in jail cause he scared daddy bush. He is getting up there in yrs now....
acrazedmaniac 4 months ago 2