The System Is Crashing and Only LaRouches Solution Can Save Mankind As Lyndon LaRouche has been warning for months, the entire British Empire global financial system is at the end-point and is unraveling rapidly. The Banco Espirito Santo, Portugals largest bank, announced on Thursday that they posted $4.8 billion in losses for the first half of the year and will need a massive bail-out/bail-in to survive. The banks president is under arrest for tax evasion and bank fraud, and the banks stock fell by 50 percent in Thursday trading alone (it is down by 80 percent since the beginning of the year). A further collapse of BES, which is imminent, will hit one of Frances biggest banks Credit Agricole—and on from there. We are rapidly investigating evidence that the same vulture funds that have attempted to wipe out Argentine sovereignty are active in Spain as well, buying up unpayable debt for a penny on the dollar and then going for total looting. The fact that they are targeting Europe directly tells you just how desperate these moves are. Lyndon LaRouche on Thursday denounced this as a total fraud. It is the same thing as the absolute fraud of the targeting of Russia. This is all coming from London. Put the blame squarely where it belongs: Its the British Empire. This system is not only doomed. With the BRICS summit earlier this months, the seeds have already been planted for a new, just international system of sovereign credit, involving leading nations of the planet who are no longer willing to cow-tow to the demands of the British Empire and Wall Street. The spokesman for Argentine President Cristina Fernandez lambasted President Obama for the travesty of Judge Griesa, which is destroying the world system. Continue reading: larouchepac/node/31447
Posted on: Fri, 01 Aug 2014 03:33:58 +0000
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