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24 Dec 2024

Firewall: In Defense of the Nation State

By Bob Wesser
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History

The documentary featured here was released in 2007, just months after Lyndon LaRouche forecast the blow-out of the financial-derivative-infested housing bubble, triggering the blow-out of the entire U.S. financial system as a whole. That same week the blow-out occurred.

Soon after, Lyndon LaRouche was the only person to demand the one thing that could solve the crisis: the Homeowner's and Bank Protection Act. Calling a for a freeze on foreclosures for homeowners, and a firewall to separate commercial banking practices like the selling of mortgages from the parasitical practices of investment banks, hedge funds, and other criminal enterprises that speculated on those mortgages, this speculation threatened to put millions of homeowners out on the streets with a Weimar 1923-style hyperinflationary blow-out of the whole system. This firewall, the Homeowners and Bank Protection Act, would be the first step to a larger, general bankruptcy reorganization of the entire U.S. financial system, where commercial banks would be made solvent again through the clean out of fake money, like mortgage-backed securities and other derivatives, and given, instead, credit uttered by the Federal government for the purpose of launching the needed recovery of the U.S. economy, beginning with the funding of large scale capital intensive infrastructure projects.

The Firewall documentary, which traces the history of the hyperinflationary blow-out of 1923 Weimar Germany, was released during a nationwide mobilization which garnered the support of hundreds of local city and state governments across the country for the LaRouche firewall legislation, but despite the cries of the American people, the U.S. government under President George W Bush, Nancy Pelosi, and Barney Frank, then, and President Barack Obama, Nancy Pelosi, and Barney Frank committed themselves to rewarding criminal banking institutions through unconstitutional bail-outs, and in doing so, committed the United States to its own destruction. 

Firewall

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