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Frankfurt Resolution: “Either Glass-Steagall, or Chaos and Genocide”
The following resolution was adopted on April 14, at the conclusion of a two-day conference by the Schiller Institute, which was dedicated to the creation of a New Paradigm to Save Civilization.
“We, gathered here near Frankfurt, Germany, representing countries from all continents, give our full support to the immediate voting up of a Glass-Steagall Act in the United States, both in the House of Representatives and the Senate, in line with the bill introduced by Rep. Marcy Kaptur and Rep. Walter Jones called the “Return to Prudent Banking Act” (HR 129).
“We are all convinced that it is a matter of life or death, and that it is only a Glass-Steagall Act in the United States that can stop the genocidal policies of the worldwide monetarist system. It is the necessary weapon to break the chains of the British Empire. In a word: It is either Glass-Steagall, or chaos and genocide.
“We in our respective countries are committed to lead that fight for a Glass-Steagall principle, both in the United States and within each of our nations. Glass-Steagall is only the first step. We must also replace the present monetary system with a public credit system in the tradition of Alexander Hamilton, based on national banking, in order to finance reconstruction of the world economy. That implies each country’s sovereignty over its own currency.
“If mankind is to have a future, we must end the present policies of conflict resolution through war, and agree on the common aims of mankind, such as overcoming poverty on Earth, and defending the planet against the very real dangers from outer space through the policies of the Strategic Defense of Earth.
“The immediate implementation of Glass-Steagall, however, is the absolutely irreplaceable mandatory first step, without which none of the other objectives has any chance of realization.
“Our common development is the new name of peace and the only alternative to thermonuclear war.”
Conference participants hailed from Argentina, Australia, Austria, Belarus, Belgium, China, Denmark, Democratic Republic of Congo, France, Germany, Greece, Irak, Iran, Italy, Japan, Kosova, Mexico, Netherlands, Norway, Russia, Spain, Switzerland, Sweden, Ukraine, USA, Venezuela, and Zimbabwe.