August 20, 2010 -- Economist Lyndon LaRouche has emphasized, and my campaign has worked tirelessly in advocating, that unless we reinstated Glass-Steagall by September of this year, we would enter a hyperinflationary collapse. Glass-Steagall has still not been implemented, and that collapse is now happening.

The recent announcement by the Federal Reserve that they are increasing their available funding for the purchase of toxic assets, as opposed to their previously stated intention to downsize these holdings, makes it clear, that there is no change to the money-printing policy in sight. The banks are even being allowed to charge interest to lend this money back to the Fed!

This is, as LaRouche has repeatedly warned, a repeat of Weimar hyperinflation of 1923; however, that event only involved the currency of one nation. This collapse is global.

President Obama, in his promises that the recovery is here, is lying, and has chosen instead a hyperinflationary bailout of the swindlers and crooks of Wall St., the Vault, and the City of London financial institutions. Reports of the real economy, such as real unemployment reaching 22%, show that LaRouche has been right. LaRouche was also right that Obama is a Narcissist, a Nero-type figure who is incapable of dealing with reality and is dangerous with power in his hands.

We cannot wait any longer. Obama must be removed from office in the next 30-60 days, before more lives are lost. We can implement the LaRouche plan now to reverse this collapse, which is, 1.) Remove Obama from office, 2.) Restore Glass-Steagall, and 3.) Build NAWAPA. The return to Glass-Steagall would allow credit to flow into the real economy, in order to facilitate physical production for such projects as the construction of NAWAPA (North American Water and Power Alliance) and related infrastructure, such as nuclear power and high speed rail. This collapse could be immediately reversed, if we have choose to do so.

--Rachel Brown