Britain's Inter-Alpha Group Vampires Demand More Blood

May 11, 2010 (LPAC)—The $1.1 trillion pledged this weekend to feed the insatiable financial predators of the British Empire, is only the beginning of what they have planned—if LaRouche's Glass-Steagall firewall is not implemented immediately.

The European Central Bank (ECB) has announced that it will offer banks "as much cash as they need for three months and six months, and reactivate a swap line with the Federal Reserve," according to Bloomberg.com. This is the "nuclear option" of unlimited ECB money-printing that the British have been demanding for months, with the U.S. Fed being the guarantor of last resort through the swap mechanism.

"This sets a precedent for the rest of the life of the Central Bank," said the smug chief European economist at the Royal Bank of Scotland, the Inter-Alpha Group's flagship bank. "The ECB's intervention ... was necessary to short circuit the negative feedback loop which was getting more and more threatening for the global economy," said Jacques Cailloux.

But these same British financial interests are already saying that what was done was insufficient, and that more bloodletting will be needed. "EMU politicans and the ECB have now pressed the nuclear option," an ING bank strategist stated. "The central question from here is whether the cumulative measures can manage to stabilize the system." Bank Julius Baer's global chief investment officer agreed that the $1 trillion package "might temporarily calm nerves, but questions will come back later, on how they will pay for this package." Bloomberg took note of the fact that inter-bank lending rates did not go down on Monday after the package was announced, and concluded that the "$1 trillion European loan plan may not be enough to restore confidence in markets."

"They are shooting for dictatorships," Lyndon LaRouche stated this afternoon. "We either stop this now with Glass-Steagall legislation, or it could be our last chance."