Link to video of independent candidate Tom Gillesberg's
International Press Center, press conference/EIR interview in Copenhagen:
“Glass Steagall – or chaos!”
Tom Gillesberg, chairman of The Schiller Institute in Denmark, and independent candidate in the Greater Copenhagen area for The Friends of the Schiller Institute, gave a press conference yesterday at the International Press Center in Copenhagen. The interview is about his campaign slogan, "Glass Steagall -- or Chaos." Based on the critical state of the international financial and economic system, Gillesberg warns that without taking the necessary first step toward a solution -- a reenactment of Franklin Roosevelt's 1933 bank law, which divided up the banks, to ensure that there are no government guarantees for speculative activities -- the collapse of the financial system will lead to economic and social chaos.
Gillesberg’s American collaborator, economist Lyndon LaRouche, who has been warning about an approaching collapse for years, is supporting the immediate passage of Glass Steagall legislation under consideration in the U.S. Congress, H.R. 1489.
There should be great interest in the Gillesberg interview in light of the international circulation of yesterday's Reuter's wire after Helle Thorning-Schmidt’s IPC press conference. Entitled, “Danish banks could face tougher rules after vote,” the wire states that Thorning-Schmidt:
“would be willing to discuss Glass-Steagall-style regulation, referring to the U.S. Act put in place after the 1929 stock market collapse, separating investment and commercial banking.” "This is basically an idea which we would very happily discuss," Thorning-Schmidt said in a briefing for international media on Tuesday. "Should we have more divisions in terms of what they do? "We have come up with a number of proposals to regulate the banks, and one ... is to discuss these big financial supermarkets, and maybe make some divisions,”...”
The Friends of the Schiller Institute are also fielding Janus Kramer in Eastern Jutland, and Hans Schultz in Northern Jutland. Their campaigns were designed to create the environment for the expected new government to adopt Glass Steagall as soon as possible after the U.S.
Here is the video link and transcript of the question and answer exchange between EIR Copenhagen and Helle Thorning-Schmidt at the International Press Center Sept. 13 press conference:
Michelle Rasmussen, EIR Copenhagen:
“As we speak, the European and international financial systems are collapsing, due to the threat of the Greek default, as you mentioned, and many other factors, as my editor, economist LaRouche, has warned. If the U.S. were to reenact Roosevelt’s Glass Steagall law to re-regulate the banks, where they would be divided up, in such a way that the speculative activity would not be guaranteed, would you go for such a policy in Denmark?”
Helle Thorning-Schmidt, Chairman of the Social Democratic Party in Denmark:
“We have been involved – our party has been involved in four bank packages since 2008, which has been very hard. No one had thought that this was great decisions, and we have come up with a number of proposals to regulate the banks, and one of the proposals that we have had for a long time, is to discuss these big financial supermarkets, and maybe make some divisions in the big financial supermarkets. This is basically an idea that we would very happily discuss – should we have more division in terms of what they do – these big financial supermarkets, that we call them here.”