The Phaserl



by Harley Schlanger, LaRouchePAC, via SGT

As momentum builds behind Lyndon LaRouche’s call for President Trump to drop the nomination of George Soros’ collaborator Steven Mnuchin as Treasury Secretary, Wall Street networks in Congress are moving to ram it through. Senate Finance Committee chairman, Orrin Hatch, a Republican from Utah with deep ties to Wall Street, announced he would close off debate, to allow a vote, as early as Monday night (30 January).

Mnuchin ran into trouble in an exchange on January 19 with Washington Senator Maria Cantwell, about whether he supports a return to Glass Steagall, Mnuchin first lied that the Federal Reserve said Glass Steagall would reduce liquidity to the banks. The Fed report actually said Dodd Frank, Obama’s phony banking reform bill, is the cause for reduced liquidity to banks and bond markets, not Glass Steagall.

Mnuchin then said he would favor “modifying” Dodd Frank, rather than restore Glass Steagall, making it clear he opposes restoring Glass Steagall.

This is not surprising, given his history. Already, many Trump supporters were dismayed by his nomination, as he spent 12 year at Goldman Sachs, a “Too Big to Fail” bank which, thanks to the repeal of Glass Steagall in 1999, was able to trade worthless mortgage-backed securities, backed by government agencies (Fannie Mae and Freddie Mac), then get bailed out by the taxpayers when the housing bubble they created popped in 2008. During his campaign, Trump repeatedly blasted Goldman Sachs by name, as a predatory bank that backed his Republican opponents, and Hillary Clinton.

In an address in Charlotte, North Carolina, Trump attacked Dodd Frank as a “disaster” which is making it “harder for small businesses to get the credit they need.” He made an impassioned appeal for restoring Glass Steagall. Thus, the Goldman boy Mnuchin is explicitly at odds with the President.

But the Mnuchin story goes deeper, as LaRouchePAC activists are emphasizing. Mnuchin joined with British Empire operative, mega-speculator George Soros in 2002, when Soros recruited him to run the Soros-backed SFM Capital, which was created to buy “risky assets.” Mnuchin also worked for Soros Fund Management. With Soros’ financial backing, he founded Dune Capital Management, and in 2009, took over the failed IndyMac bank, with $9 billion in backing from the FDIC, again with Soros as a partner — the same Soros who stated two weeks ago in Davos, Switzerland that he is fully committed to seeing President Trump fail. He confidently stated that Trump’s fall would not be because of him, but because of “conflicts within his administration and Cabinet”.

It is now up to Trump and his supporters to decide if they want a Soros’ mole in his Cabinet.

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