X-Message-Number: 30375
Date: Sat, 26 Jan 2008 07:58:44 -0800 (PST)
From: Phil Ossifur <>
Subject: MONEY WAR-- It's on
Money War has begun. It's been simmering since 1971--
and more widely since 1913-- but now, the hot phase
of the money war is bringing it to a boil.
http://www.larouchepub.com/pr_lar/2008/lar_pac/080125how_defend_dollar.html
QUOTE
The U.S. must dump the recent, foolish,
pro-hyper-inflationary policies of Federal Reserve
Chairman Ben "Helicopter money" Bernanke, in favor of
a two-tier U.S. Treasury policy of uttering currency
on capital account. The general price or monetary
emission by the U.S. Treasury (i.e., by the Treasury,
or Federal Reserve System) must be a two-tier policy:
1. One price for the open market, at a significant
number of points higher than the ECB, and
2. a special, protected price for long-term to
medium-term credit uttered for the benefit of
protected prime categories such as household mortgages
enjoying Federal bankruptcy protection, and (Federally
or state-chartered) regular banks. The latter category
should be priced as loans at between 1% and 2% per annum.UNQUOTE
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