As we enter into a period of hyperinflation, which will steal the life's work of middle-class families, while shutting down more industries and businesses than a year of lock-downs has, why not learn from the past? The 1933 Glass Steagall bill reined in bank and financial speculation, by defending commercial banks and their depositors, while forcing the speculators in investment banks to eat their own losses. Today's varieties of speculative bubbles have created debt many times larger than world GDP - these debts can never be paid off, but the central banks continue to pump liquidity into the bubbles, while cutting off credit to good producers, dooming the manufacturing, agriculture and trade sectors, all to be enforced by a global central banker's dictatorship. Learn how restoring Glass Steagall can put an end to the bubble economy, and send the swindlers in the banks and shadow banking system, who keep producing new, bigger bubbles for their personal profit, to jail.
Harley Schlanger's work can be found at The LaRouche Organization and The Schiller Institute.