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Historian Niall Fergusson on why West's governments will default


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Historian Niall Fergusson on why the West's governments will all default.

He gave this speech at the Peterson Institute for International Economics on May 13, 2010.

He declared that America needs a new currency based on a commodity: oil and/or gold.

The video is here:

http://www.piie.com/events/event_detail.cf...D=152&Media

The transcript is here:

http://www.petersoninstitute.org/publicati...rguson-2010.pdf

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Lyndon LaRouche responds to a question about the proposed re enactment of Glass-Steagall along with a comment about historian Niall Ferguson

http://www.larouchepac.com/node/14418

The British consider a return to a Glass-Steagall banking standard to be a hostile act by the United States.

http://www.larouchepac.com/node/14416

Edited by Terry Mauro
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The British consider the re instatement of Glass-Steagal a "hostile act" by the United States.

http://www.larouchepac.com/node/14416

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