United Front Against Austerity
April 29, 2014
Does the 15-pt plan of Putin economic adviser Sergei Glazyev hold the potential to destroy globalization?
We must give credit where credit is due: LaRouchePAC is the only
English-speaking organization to give full coverage to this very interesting proposal.
Much of Glazyev's plan deals with "de-dollarization" - limiting
Russia's exposure to Western finance, prohibiting the export of
strategic assets, and opening stronger financial bridges to China.
But the most interesting proposal, which mirrors closely the UFAA's
proposal to nationalize the Federal Reserve, is for the Russian Central
Bank to double or triple the internal credit of Russia, denominated in
rubles, made available to real-sector borrowers (manufacturers,
This would purge the Russian economy of foreign
loans, and greatly expand the growth potential of the economy.
This could also break the grip of US and London finance over China,
Europe and ultimately the rest of the world, as a major player would be
creating a new pole of economic influence outside of the dollar, the
IMF/World Bank, and the interests of the global cartel system.
We say, "да!"