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LaRouche: Crimes of the Fed Cannot Be Buried

LaRouche: Crimes of the Fed Cannot Be Buried

September 3, 2009 (LPAC)—Lyndon LaRouche today forcefully warned that any effort to cover up the crimes committed by the Federal Reserve Bank, during the Bush and Obama administrations, will be "tantamount to treason."

LaRouche was responding to reports from reliable sources close to the Obama White House, that the top leadership of the Democratic Party is "desperate" to block any disclosures of the Fed's role in the preferential bailout of certain key American banks, during the period since the August 2007 blowout of the financial system. As reported in the Washington Post on Aug. 28, 2009, as the result of the actions of the Fed and the U.S. Treasury Department, under the Bush and Obama presidencies, four big U.S. banks—JP Morgan Chase, Citibank, Bank of America and Wells Fargo—along with Goldman Sachs, have consolidated almost total control over the entire U.S. banking system, managing one-third of all deposits, one-half of all mortgages, and two-thirds of all credit card debt.

In Senate testimony in July, the Special Inspector General of the Troubled Asset Relief Program (TARP), Neil Barofsky, had warned that the total cost of the bailout, to date, was a staggering $23.7 trillion—counting funds already spent and funds already allocated. Yet, a record number of regional banks have been allowed to go bankrupt, and the most recent report by the Federal Depositors Insurance Corporation (FDIC) cited more than 400 additional banks on the verge of collapse.

In particular, the top Wall Street-allied Democrats are reportedly frantic to sabotage Congressional passage of H.R. 1207, the Federal Reserve Transparency Act of 2009, which would mandate a Government Accountability Office (GAO) audit of the Fed's lending practices, its relations with foreign central banks and other foreign financial institutions. H.R. 1207, introduced by Rep. Ron Paul (R-Tex.), has been co-sponsored by more than 300 members of the House of Representatives, thus assuring its passage, and mandating that it be brought to a floor vote. A parallel Senate bill, the Federal Reserve Sunshine Act of 2009, has been introduced by Sen. Bernie Sanders (I-Vt.) and has 23 co-sponsors so far.

There is also panic at the White House, the Fed and on Wall Street, over the Aug. 24, 2009 ruling by Chief Judge Loretta Preska, of the Federal District Court for the Southern District of New York, ordering the Federal Reserve to disclose documentation of its expanded lending and other interventions in 2007 and 2008, particularly around the sale of Bear Stearns to JP Morgan Chase. The order came in a Freedom of Information Act lawsuit, brought by Bloomberg LP against the Board of Governors of the Federal Reserve System, after two Bloomberg News reporters were denied access to Fed documents on the government-subsidized takeover.

LaRouche minced no words in warning about the consequences of a successful cover-up, including the sabotage of the Fed audit bills now before Congress. "The issue is: The system will be blown out if this information is concealed. You cannot bury this under a rug. The American people have both the right, and the urgent need to know what has been done with their tax dollars. Only by unburying the evidence can you save the U.S.A." LaRouche continued, "You cannot conceal the truth. Whatever the price, the full disclosure must be brought to the public. The American people must know the full extent of the folly of the Bush and Obama presidencies. If they kill the Paul and Sanders bills behind closed doors, such suppression of the information will be tantamount to treason."

---------- Forwarded message ----------
From: LaRouche PAC
Date: Thu, Sep 3, 2009 at 3:17 PM
Subject: Obama: Hitler in the Bunker
To: Undisclosed

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September 3, 2009
Obama: Hitler in the Bunker

September 3, 2009 (LPAC)-- In his upcoming major document, "The Science of Physical Economy," Lyndon LaRouche writes:

"We have been overtaken, now, by a state of our national affairs in which there is no longer any possibility of even temporary rescue of our own, or any other part of the world's economy, by means of a mere reform-in-bankruptcy-reorganization, even an excellent one of the type which I had put forward in my July 27, 2007 webcast.

"Now, the time has come, when there is the most desperately immediate need for a sweeping change of the world system from a monetary system, to the immediate adoption and implementation of a credit system like that prescribed in the U.S. Federal Constitution, is not an option; it is, presently, the minimal pre-condition for preventing an immediate, global, chain-reaction process which is far worse than any previous known historical experience of the planet as a whole."

That is where the world stands, less than one week before LaRouche's Sept. 8 international webcast, "The Death of the British Empire."

And where is the President of the United States, at this decisive moment in history?

"He's running away from reality," Lyndon LaRouche stated yesterday. "The President is acting like Hitler in the bunker in Berlin, in the final days of the Nazi regime."

As reports continue to stream in of the continuing, and escalating, mass strike ferment in the United States—in which every day upwards of 10,000 people turn out to town hall meetings to angrily denounce the government and advise their congressmen that "We are the people"—Lyndon LaRouche noted that the real news, "what's heating the temperature up now, is the President's running away from the issue. He's running away from reality."

"The President is AWOL, essentially, on this stuff," LaRouche elaborated. "The President is going AWOL, rather than admitting the situation. The President would normally be in a position where he would have to admit this stuff is going on. But rather than being faced with that thing, he is retiring from the public scene and trying to change the subject. Meanwhile, his henchmen are going berserk.

"That's the phenomenon," LaRouche stated. "It's not the events; the events are significant, but they are a continuation and an escalation. But the key thing is that the increased heat of the situation is caused by two things: 1) by the President's emotional breakdown, his inability to face the reality of his loss of popularity over this issue; and 2) over the issue itself, and the fact that the people in his administration are going berserk, and are behaving like Hitler fanatics. Rahm Emanuel and the others are behaving like Hitler fanatics, as their chief, the President, is emotionally incapable of facing the reality of what the situation is.

"What is not happening is often more important than what is happening. In this case, you start from what is not happening: that is, the President is not appearing in public, and when he does make a tentative appearance in public, it's worse. As a result of that, his henchmen are going berserk, because they are stuck with a policy, his policy, and they have no alternative. They are going nuts! We know they are going nuts—we know it from the inside. But it should be obvious that they are going nuts from the outside," LaRouche said.

LaRouche also reiterated his comments from his Aug. 27 statement, "Is the Democratic Party Already Dead?"—which is currently circulating nationally in a quarter-million run leaflet—that President Obama's only course of action to save his Presidency, is "if the deeply emotionally troubled President himself will agree to cooperate with worthy advisers in what I propose will amount to a reasonable degree of 'adult supervision' for the purpose of protecting him against his own, already manifest, so far characteristic impulsive expression of greatly impaired judgment while in office."

On that basis, LaRouche's proposed economic policy measures could be implemented, to pull the planet back from the brink.

--------------------------------------------------------------------------------

LaRouche: Crimes of the Fed Cannot Be Buried

September 3, 2009 (LPAC)—Lyndon LaRouche today forcefully warned that any effort to cover up the crimes committed by the Federal Reserve Bank, during the Bush and Obama administrations, will be "tantamount to treason."

LaRouche was responding to reports from reliable sources close to the Obama White House, that the top leadership of the Democratic Party is "desperate" to block any disclosures of the Fed's role in the preferential bailout of certain key American banks, during the period since the August 2007 blowout of the financial system. As reported in the Washington Post on Aug. 28, 2009, as the result of the actions of the Fed and the U.S. Treasury Department, under the Bush and Obama presidencies, four big U.S. banks—JP Morgan Chase, Citibank, Bank of America and Wells Fargo—along with Goldman Sachs, have consolidated almost total control over the entire U.S. banking system, managing one-third of all deposits, one-half of all mortgages, and two-thirds of all credit card debt.

In Senate testimony in July, the Special Inspector General of the Troubled Asset Relief Program (TARP), Neil Barofsky, had warned that the total cost of the bailout, to date, was a staggering $23.7 trillion—counting funds already spent and funds already allocated. Yet, a record number of regional banks have been allowed to go bankrupt, and the most recent report by the Federal Depositors Insurance Corporation (FDIC) cited more than 400 additional banks on the verge of collapse.

In particular, the top Wall Street-allied Democrats are reportedly frantic to sabotage Congressional passage of H.R. 1207, the Federal Reserve Transparency Act of 2009, which would mandate a Government Accountability Office (GAO) audit of the Fed's lending practices, its relations with foreign central banks and other foreign financial institutions. H.R. 1207, introduced by Rep. Ron Paul (R-Tex.), has been co-sponsored by more than 300 members of the House of Representatives, thus assuring its passage, and mandating that it be brought to a floor vote. A parallel Senate bill, the Federal Reserve Sunshine Act of 2009, has been introduced by Sen. Bernie Sanders (I-Vt.) and has 23 co-sponsors so far.

There is also panic at the White House, the Fed and on Wall Street, over the Aug. 24, 2009 ruling by Chief Judge Loretta Preska, of the Federal District Court for the Southern District of New York, ordering the Federal Reserve to disclose documentation of its expanded lending and other interventions in 2007 and 2008, particularly around the sale of Bear Stearns to JP Morgan Chase. The order came in a Freedom of Information Act lawsuit, brought by Bloomberg LP against the Board of Governors of the Federal Reserve System, after two Bloomberg News reporters were denied access to Fed documents on the government-subsidized takeover.

LaRouche minced no words in warning about the consequences of a successful cover-up, including the sabotage of the Fed audit bills now before Congress. "The issue is: The system will be blown out if this information is concealed. You cannot bury this under a rug. The American people have both the right, and the urgent need to know what has been done with their tax dollars. Only by unburying the evidence can you save the U.S.A." LaRouche continued, "You cannot conceal the truth. Whatever the price, the full disclosure must be brought to the public. The American people must know the full extent of the folly of the Bush and Obama presidencies. If they kill the Paul and Sanders bills behind closed doors, such suppression of the information will be tantamount to treason."

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Comment by JIM4HOPE on September 5, 2009 at 12:24pm
This is what I like to hear.Let me see words be turned into action and the mainstream media needs to report the real stories rather than propaganda for the dark cabal...
Comment by Besimi on September 4, 2009 at 2:28am
Yeah I like to hear when LaRouche speaks.
....thanks Jose bro.Namaste.
Comment by tranceman on September 4, 2009 at 12:47am
GO LaRouche! This guy knows what he's talking about.

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