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The Queen's Bail-in Policy: The Intent Is Genocide
May 29, 2013 • 9:44AM

In his discussion with the LPAC Policy Committee on May 27, Lyndon LaRouche stated repeatedly: "You've got to look at the magnitude of the debt they're talking about under this [Dodd-Frank] argument, the argument they made... If you look at the magnitude, there would be practically no person left alive in the United States or Europe, after the application of Dodd-Frank."

Even a cursory review of the magnitudes involved demonstrates LaRouche's point that the intention of the Queen of England is genocide, and nothing but.

EIR estimates that the total amount of derivatives outstanding internationally is actually about $1.4 quadrillion today — about double the amount that the banks have confessed to holding and which the BIS admits to. There is an additional $200 trillion or so in global stocks, bonds and other financial instruments, bringing the total global financial aggregates to about $1.6 quadrillion. So derivatives make up almost 90% of all global financial aggregates.

Since Dodd-Frank and other legislation in the U.S. and Europe places these derivatives at the front of the line for payment under a meltdown, consider the implications.

The total cumulative amount of Quantitative Easing issued by trans-Atlantic central banks through the end of 2012, came to some $4.5 trillion. At the current rate of additional QE coming from the U.S., the U.K., the European Union and Japan, the total will rise to some $11 trillion by the end of 2014. In addition to that, the "Cyprus template" form of bail-in would provide for stealing an additional $7 trillion or so from depositors (aka "unsecured creditors") across the trans-Atlantic sector. The combined total would therefore be some $18 trillion.

That is just over 1% of the total global speculative bubble! Do you really think that $18 trillion in theft has a prayer of propping up a bubble that is 100 times that size? Of course not.

But what that level of looting can do, and most efficiently, is to kill off the population and the physical economies of the United States, Europe, and most of the rest of the world. Already, just in the 2008-2012 period, youth unemployment has effectively doubled on both sides of the Atlantic, with everything that means for the future of those nations. What will happen as the looting accelerates many-fold, as per the British intention? Genocide.

It is important to note additionally that the Dodd-Frank bail-in mechanism is not meant as a substitute or replacement for the 2008-vintage bail-outs. It is being packaged as a way to prevent future bail-outs, but that is just a lie, like the rest of the propaganda surrounding Dodd-Frank. You don't see QE slowing down, or government shouldering of banking debt dropping, do you? "Of course not," Lyndon LaRouche commented today. Both the "bail-in" and the "bail-out" are intended to proceed simultaneously, and they are both meant to mask the actual policy intent, the British Empire's genocide, LaRouche stated. "If you wish to be honest, you will admit this reality," LaRouche said.


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