6th Dec. 2010—Ireland detonated
a depth-charge in the global
financial system in November,
by bucking the City of London’s
demand that Ireland’s taxpayers
bail out the nation’s bankrupt private
banks. Until it caved in on
22nd Nov. to excruciating pressure
from the European Central
Bank (ECB) and International
Monetary Fund (IMF) to agree
to an 85 billion euro bailout, the
Irish government had insisted,
rightly, that it is not the Irish state
which is bankrupt, but the private
banks—virtually all of which are
simply offshore branch offices of
the major banks of the City of
London. What was and is threatened,
therefore, is not the deposits
of Irish citizens, but the very
existence of the City of London’s
Inter-Alpha Group of Banks,
several of whose Irish branches
are utterly bankrupt (as are their
parent institutions, such as the
Royal Bank of Scotland, the largest
bank in the world). Should
the Irish government not take on
massive loans from the European
Central Bank and IMF at gunpoint
to bail out these speculative
casinos, then, barring the urgent
actions advocated by the American
statesman and physical economist
Lyndon H. LaRouche, Jr.
(see below), the falling dominoes
will bring down the entire world
monetary system, an estimated 70
per cent of which is controlled by
the Inter-Alpha banks.
National sovereignty vs.
British imperialism
The Inter-Alpha Group of
Banks is at the centre of the
actual British Empire. The illusion
that the British Empire
ceased after WWII comes from
an ignorance of history: the
British Empire was always, as
now, a monetary empire, which
controlled nations through the
City of London’s domination of
the global monetary system, enforced
by “free trade”. For a century
after the British defeated the
French in the 1756-1763 Seven
Years’ War (sometimes called
the “first World War”), the British
Empire was run by a single
private monopoly, the British
East India Company (BEIC).
The BEIC maintained the largest
army in the world and ran
the world’s dope trade, while its
“court” (private board of directors)
was drawn from the City
of London’s powerful banking
houses and the Bank of England.
Today’s Inter-Alpha Group is the
direct descendant of the BEIC,
whose single greatest financial
nexus since the Napoleonic
Wars was centred in the Rothschild
family, acting as agents
for many of Britain’s and Europe’s
most powerful families in
the sweeping fi nancial reorganisation
of Europe occasioned by
those wars. City of London scion
Lord Jacob Rothschild set up
the Inter-Alpha group of banks
in 1971 at the precise time when
City of London/Wall St. stooge
U.S. President Richard Nixon
took the dollar off gold. This
ended the Bretton Woods fixed
exchange rate system established
by U.S. President Franklin
Roosevelt in 1944 over intense
British opposition. During
World War II FDR had informed
British Prime Minister
Winston Churchill that he intended
to eliminate the British empire
at the war’s end, and replace its
looted colonies with a system
of industrially-advancing sovereign
nation states, anchored upon
fixed values among all national
currencies rather than the “floating
exchange rate” system which
allows the British to drive the values
of currencies up and down
like yoyos, making a fortune in
speculation. Just as Nixon ended
the fixed exchange rate system,
Lord Jacob Rothschild founded
the Inter-Alpha Group as a massive
pool of capital for precisely
such currency speculation. Now
comprised of 12 banks covering
most nations of the EU (but with
a web of interlocking ties to other
banks worldwide), Inter-Alpha
today dominates the world
monetary system. Inter-Alpha
members Rothschild, RBS and
ING are prominent in Australia,
and Rothschild has directed most
of the worldwide public stealing
known as “privatisations” from
the era of the late 1970s Margaret
Thatcher U.K. government
onwards, including most of the
federal and state privatisations in
Australia since the late 1980s, including
Anna Bligh’s current fire
sale in Queensland.
After four decades of looting
and bankrupting nation-states,
today it is the Inter-Alpha Group
which is bankrupt. But to maintain
its system of fi nancial empire,
especially since the present
global financial crisis exploded
in late July 2007, Inter-Alpha deploys
its power-base among the
interlocking boards of private
and central banks and their subservient
political parties to dictate
murderous cut-backs by
national governments to the living
standards of their citizens,
to pay for a globally-coordinated
bailout. Led by the U.S.
government of British stooge
Barack Obama, governments
around the world have forked
over more than $35 trillion dollars
to bail out private banks.
The Irish bailout is typical: The
City of London, the EU and the
IMF have forced the Irish government
to hand over its entire
public pension fund, to slash the
minimum wage by 12 per cent,
public service pensions by four
per cent, the public service itself
by 24,750, coupled with
a nine per cent rise in the VAT
consumption tax from 21 to 23
per cent, and a 100 per cent increase
in the carbon tax to 30
euro a tonne.
For a sensuous proof that it
is only this bailout that has kept
the world’s banks upright, take
the case of Australia’s banks,
ostensibly the world’s strongest:
government guarantees
to Australia’s banks amount
to over $850 billion, on top
of which the Commonwealth
government, the Reserve Bank
and the Future Fund have injected
another $90 billion or
so. Without this taxpayer support,
Australia’s banks would
be gone: collectively they are
exposed to $15.2 trillion worth
of the same derivatives fi nancial
instruments which annihilated
Lehman Brothers, and they
owe foreign creditors around
$1 trillion, half of which is on
very short, 90-day terms. (By
far the majority of the money
Australia’s banks borrowed
from overseas they have onlent
into the domestic property
bubble, in which the average
property price is seven times
average income, compared to
the long-term average of three
times. This sets Australia up
for a property bubble collapse
like those which triggered the
current crises in the U.S.—and
Ireland.)
It is poetic justice that it is the
Irish people—victims of British
genocide for 400 years (see p.
5)—who are poised to sink the
Inter-Alpha-led Empire. Over
100,000 furious Irish citizens
took to the streets on 27th Nov.
in protest when the Fianna Fáil
government finally caved to the
international pressure. Nationalist
political party Sinn Féin
has demanded a general election,
and “not one euro” for the
banks; “The bondholders must
be burnt,” said Sinn Féin president
Gerry Adams. To the Irish
people, it is a fight for their national
sovereignty, a fact made
clear by a stated threat from
European Central Bank President
Jean-Claude Trichet that
the continuation of the current
fi nancial system requires a system
of supranational “governance”
to replace the “Westphalian
system”. The latter refers
to the system of sovereign
nation-states established
by the Treaty of Westphalia
in 1648 upon the principle of
“the advantage of the other”,
which had ended the previous
150 years of chaos and bloody
religious warfare. “A full EUIMF
bailout would mean Ireland
losing key areas of political
and economic sovereignty,”
echoed London’s 16th Nov. Daily
Telegraph. ...
Contents
Ideas, not votes—
The CEC Defeated the ETS Scam, and We Will Defeat the Murray-
Darling Genocide Plot as Well—if You Do Your Part
p. 1
Feature:
‘Land Clearance’ in the Murray-Darling Basin—
British Genocide in the 21st Century
p. 3-6
Land Clearances, Tool of British Genocide
p. 5
NAWAPA, Clarence River Scheme Crucial for Global Recovery
p. 8
NAWAPA, from The Standpoint of Biospheric Development
p. 8
