How to STOP the Looming Financial Collapse: Call Congress to Restore Glass-Steagall & Join the BRICs!

Ten years ago the cover feature of this magazine’s March 23, 2007 issue was titled, “How U.S. Mortgage Crisis Can Trigger Global Crash.” Analyzing the exposure of the post-Glass-Steagall megabanks of the United States U.S. and Europe, to the securities and derivatives related to the then-$11 trillion mortgage bubble, EIR warned of the blowout which would accelerate over the following 18 months, leading to full-blown global bank panic in September 2008. We emphasized that Lyndon LaRouche was the only economist to have foreseen this.