The world as a whole, especially the trans-Atlantic region, is presently at the brink of a global collapse which will transform all forms of nominal
money of every nation into a state of worthlessness on all of the world's international markets. In short, a general, global break-down-crisis, which is hitting the trans-Atlantic world most immediately, but will, soon after that, swallow the entirety of this planet.
For this situation, there is only one remedy. That remedy is the immediate application of the strict 1933 standard for a Glass-Steagall application
among a concert of some leading nations of the world, joined together with the United States, to establish a solid network of national commercial banking systems operating according to such a strict rule.
It has now become a life or death question for Europeans, Canadians and most of the world to guaranty that the United States' Congress, through encouragements from the world's major nations, will vote in favour of H.R. 129 or S. 1282 as early as possible and that this enactment of a return to Glass-Steagall in Washington, D.C. would be followed by the passage of similar legislation in all G8 countries.