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Morgan Stanley Endorses Global Fascism

October 2, 2009 (LPAC)—In another admission of the severity of the global financial system, Morgan Stanley CEO John Mack proposed on Thursday that a single regulator be set up to oversee financial institutions worldwide. Such a move would mean a total abrogation of national sovereignty, and the establishment of a global fascist dictatorship. Mack's call is tantamount to treason.

Morgan Stanley has a long-standing hatred of national sovereignty, having been carved out of the House of Morgan by FDR's Glass-Steagall Act of 1933. The House of Morgan was a British creation from the beginning, with J.P. Morgan being formed as the New York affiliate of J.S. Morgan of London. After the Pecora Commission exposed the crimes of Morgan and his cronies, Congress passed Glass-Steagall to forbid deposit-taking commercial banks from acting as investment banks, and vice versa. As a result, the House of Morgan was forced to split into a commercial bank, J.P. Morgan, and an investment bank, Morgan Stanley. It was a serious blow to the Anglophile Morgan, which had grown to great power as a key British financial-warfare operative against the American System. The Morgan interests never forgave FDR for this demonstration of national sovereignty, and worked hard to erode, then repeal, Glass-Steagall. Now the bank is calling for a global regulator, as a way of insuring that nations will never again be allowed to interfere in with imperial finance.

Mack made his statement Sept. 30, in an interview on Bloomberg Television. According to Bloomberg, Mack said: "A better system would be one uber-regulator. We do need an overall systemic-risk management that everyone buys into. It's not a U.S. systemic boundary—it's a global systemic risk manager."

Bloomberg added: "A global regulator would ensure that U.S. banks aren't subject to tighter regulations than the rest of the world," Mack said.

There you have it, straight from the horse's ass.


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