
LaRouche PAC
By Lyndon LaRouche
15 October 2013
Wall Street representatives galore continue to threaten that all Holy Hell will be unleashed if Congress fails to extend the debt ceiling, and guarantee the banks their due. JP Morgan's Jamie Dimon warned that a U.S. default "would ripple across the global economy in ways you couldn't possibly understand." Pimco's El-Erian swore that it "could cause a crisis that dwarfs the bankruptcy of Lehman Brothers in 2008. You will freeze the system."
To all of which Lyndon LaRouche responded today that all of these apocalyptic threats coming from Wall Street and the City of London should simply be ignored. Our view is straightforward: There is zero reason to defend Wall Street and its speculation. What they have done is something which no American can tolerate. They have proven, by their actions, that they have no right to exist: there is no value whatsoever in their holdings.
"What we will do," LaRouche stated, "is audit their books with the Glass-Steagall principle. We will march them into the conference room, tell them to put their papers on the table, and answer our challenge that they demonstrate any actual value therein. They cannot. The fact is that they have rotated debts through and through, each time raising the prices and their take. It's all worthless speculation. Where's the real cash? Where's the beef? There is none." "And so we will bankrupt Wall Street," LaRouche concluded, "because we have to, since their policy means killing off the population, which is something we will not allow."
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