“The startling new feature of J.P. Morgan’s report is its claim that the problem with imposing austerity is not just fiscal discipline, but that there is too much democracy in some of the European countries today, in comparison to the 1930s fascist constitutions of southern Europe.” – OMG!!!
22 June (LPAC) In the June 21 LaRouche PAC webcast, J.P.
Morgan’s virulent opposition to a resolution for reenactment of
Glass-Steagall in the Delaware State Senate this past week by its
representative deployed to that hearing on it was raised to
American statesman Lyndon LaRouche. The question to Mr. LaRouche
referenced a 16-page report by J.P. Morgan issued on May 28,
entitled, “The Euro Area Adjustment: About Halfway There.”
J.P. Morgan’s report states that despite the volume of
austerity measures which are resulting in deaths in Greece and
other Euro countries, the Eurozone is only about halfway through
its period of adjustment, so austerity is still likely to be a
feature of the landscape “for a very extended period.” The
startling new feature of J.P. Morgan’s report is its claim that
the problem with imposing austerity is not just fiscal
discipline, but that there is too much democracy in…
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The Secular Jurist 