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If Adolf Hitler, the fascist madman of the Nazi Empire had developed the
military capability to bomb America's factories and the homes of its citizens
society would have spared no effort to destroy the Nazi Empire and its military
machine. Indeed, the free society of the world has done this, and at an enormous
cost. It turned the flood of war against Hitler, in what became World War II in
which 50 million people fought each other and fifty million died. The war ended
when the Nazi military machine was deprived of its resources and ground to a
halt.
The same fascist empire that set up Hitler
as one of its stooges is threatening the world once again. This time
more severely. The war of empire versus
civilization did not end with World War II. It is a war that is not rooted in governments, monarchies, or public
institutions. It is a private war by a "
slime-mold oligarchy" according to its 'business' practice and
effect on society, as Lyndon LaRouche describes it, that is spread across
a square
mile of the City of London, the financial district inhabited by some
of the worst sewer creatures found on the planet, the masters of fascism,
the masters of empire, a creeping fungus, misnamed empire, uttering
genocide for profit.
The slime mold used to be called the British
Empire when it was small. It's history is rooted in Venice, the Venetian
Empire, and later in the Netherlands. Then the slime mold invaded England and
set up the world's largest completely private profit-centered financial
world empire. But like a dry-rot fungus, the slime mold spread far and wide, across
the Atlantic via the infamous Atlantic Alliance, engulfing the USA and
likewise other nations. And individually
too, everyone who cuddles up to the slime mold to share in the looting
gets eaten alive. The slime mold eats their humanity and destroys it,
and turns the invaded victim into a servant of empire. The world is full
of these servants of empire, acting as the strong arm of empire, the
looting financiers that feed the empire, the mouthpieces of empire that
are spewing forth sophistry, and so forth.
The empire now stands as a tower of Babel and a tower of
babble -- the babble of the sophistry that is essentially a flood of sophisticated
lies: 'In Lies We Trust!' Sophistry is the babble resulting from the
'art' of the intentional sophistication of lies as an efficient
means to hide
the truth. It is one of the most powerful weapons ever developed by
empire for its cultural warfare against mankind.
What Hitler could only dream of, the slime-mold empire
has now accomplished by inducing America and civilized society as a
whole to destroy itself. It took 50 years to accomplish that. LaRouche
had warned society for decades about the intention behind the process.
Now the effects are becoming evermore openly visible. The financial
fascism became reflected in looting; then in the destruction of
industries; then in the rise in unemployment, and the rise in prices,
poverty, homelessness, and war; with the last increment being the
mortgage crisis that is now threatening the mass-eviction of people from
their homes (which has already begun), and the collapse of the chartered
banks (which is about to occur).
In this crisis, which threatens the nation
as a functioning entity, and the world as a whole, portending a New Dark
Age, the international statesman and expert economist, Lyndon LaRouche,
has issued a proposal for legislation that is designed as a firewall to
prevent the collapse of civilization at this late stage, and as a first
step for rebuilding the world. The proposed legislation became known as:
LaRouche's Homeowners and Bank
Protection Act of 2007
The Lyndon LaRouche Political Action Committee is mobilizing to get
Congress, on return from recess after Labor Day, to enact the Homeowners
and Bank Protection Act of 2007. This is legislation that Lyndon LaRouche
proposes as the only means, at this late date, for stopping millions of
home foreclosures and evictions this year and next, and for launching a
larger process of bankruptcy restructuring of the U.S. and global
dollar-based financial system, which is now already doomed. Governors and
state legislators all across the United States will enthusiastically join
in this effort, which some leading bankers and Democratic Party figures,
briefed on LaRouche's proposal, have already declared is
"doable" and the "only salvation" for the American
people.
Here are the essential features of
LaRouche's
Homeowners and Bank Protection Act of 2007:
- Congress must establish a Federal agency to place the
Federal and state chartered banks under protection, freezing all
existing home mortgages for a period of how ever many months or years
are required to adjust the values to fair prices, restructure existing
mortgages at appropriate interest rates, and write off all of the
cancerous speculative debt obligations of mortgage-backed securities,
derivatives and other forms of Ponzi Schemes that have brought the
banking system to the point of bankruptcy.
- During this transitional period, all foreclosures shall be
frozen, allowing American families to retain their homes. Monthly
payments, the effective equivalent of rental payments, shall be made
to designated banks, which can then use the funds as collateral for
normal lending practices, thus recapitalizing the banking system.
Ultimately, these affordable monthly payments will be factored into
new mortgages, reflecting the deflating of the housing bubble, and the
establishment of appropriate property valuations, and reduced fixed
mortgage interest rates. It is to be expected that this process of
shakeout of the housing market will take several years to achieve. In
this interim period, no homeowner shall be evicted from his or her
property, and the Federal and state chartered banks shall be
protected, so they can resume the traditional functions, serving local
communities, and facilitating credit for investment in productive
industries, agriculture, infrastructure, etc.
- State governors shall assume the administrative
responsibilities for implementing the program, including the
"rental" assessments to designated banks, with the Federal
government providing the necessary credits and guarantees to assure
the successful transition.
By September-October, unless this legislation is enacted as a first
order of business of the 110th Congress in September, many millions of
Americans will be evicted from their homes, setting off a process of
social chaos that must be avoided. The freezing of foreclosures is the
vital first step in a thorough reorganization.
Under this plan, the Federal Reserve System will be, itself, put
through bankruptcy reorganization, and transformed into a Third National
Bank of the United States. As developed in Lyndon LaRouche's just-released
draft platform for the Democratic Party, these actions shall be
complemented by the creation, by treaty agreement among leading
nation-states, of a new Bretton Woods System, based on fixed exchange
rates, and long-term treaty agreements for large-scale development
projects on a global scale.
LaRouche said the foreclosure tsunami is occurring, not in a mere
housing crisis or mortgage crisis, but a disintegration of the entire
global financial system. There is no bottom to this collapse—unless a
legislative fire-wall is created now, and a halt to the income drain on
the population, brought on by the hyperinflationary debt bubbles created
by Alan Greenspan and his ilk.
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