Natalia Vitrenko's Party, Russian Anti-Globalists Endorse Glass-Steagall Call
July 5, 2012 • 10:22AM

The national leadership of Natalia Vitrenko's Progressive Socialist Party of Ukraine has endorsed the June 17 "Appeal to Governments and Parliaments for Glass-Steagall Now!", issued June 1 by Helga Zepp-LaRouche. The appeal was published in Russian July 2 on Vitrenko's website under the title "Appeal to Governments and Parliaments to Apply the Glass-Steagall Principle (Divided Banking System)", with the kicker, "Let's unite our efforts to save the world economy from the corrupt banking system: support the appeal!"

PSPU headquarters sent a message, stating, "The Progressive Socialist Part of Ukraine supports the appeal to apply the Glass-Steagall principle." It was signed by Natalia Vitrenko, Vladimir Marchenko, and eight other members of the PSPU leadership.

Vitrenko and Marchenko are former members of the Supreme Rada, Ukraine's Parliament. In 1997 Natalia Vitrenko, who is a doctor of economics, was co-initiator with Helga Zepp-LaRouche of the first international call for a New Bretton Woods conference to restore fixed exchange rates and national economic sovereignty.

From Russia, Professor Elena Borisova of the Anti-Globalist Resistance, a non-governmental organization, reports that her group supports the June 17 "Glass-Steagall Now!" appeal. On the organization's website,, it has been posted in Russian together with the June 26 LaRouche PAC release on frantic demands by Treasury Secretary Tim Geithner and Fed Chairman Ben Bernanke for new massive, hyperinflationary bailouts of the eurzone banks. The front page of the high-traffic Anti-Globalist site links to the two items together, with the title, "Financial Crisis Flares Again; LaRouche Proposes the Way Out."

In recent weeks individuals and groups in Russia and Ukraine have also voiced support for the LaRouche movement's pro-NAWAPA resolution (its April 23 edition, available in Russian), which incorporates a call for Glass-Steagall. Professor Boris Bolshakov of Dubna University, head of the Scientific School for Sustained Development, signed a statement saying, "I welcome the initiative of the American advocates of a traditional national banking and credit system, as set forth in the Resolution on Glass-Steagall, National Banking, and NAWAPA XXI." Prof. Bolshakov, who is Vice President of the International Academy for Environmental Safety and Resource Utilization, member of the Russian Academy of Natural Sciences, member of the International Academy of Engineering, and professor at the Dubna International University of Nature, Society, and Man, signed his statement welcoming the NAWAPA resolution on behalf of the Scientific School for Sustained Development.

From Kremenchuk, Poltava Region, Ukraine, Col. (ret.) Alexander Ignatenko, who is director of the regional scientific and geological museum in that city and a Vernadsky scholar, also sent his statement of appreciation for LPAC's organizing with the Glass-Steagall/National Banking/NAWAPA resolution.