Sunday, August 7, 2011

Bankers unleash scripted panic to stampede us into QEIII

LONDON—Moving to stem panic of an escalating debt crisis in Europe, the European Central Bank on Sunday signaled it would intervene in bond markets to prop up hard-hit Italy and Spain, as world leaders scrambled to calm investors before the opening of financial markets Monday.

It appears that the bankers are panicking us into going along with another inflationary binge. LaRouche is being proven right - they're going to kill us in guise of honoring debt which has no more validity than a debt I would incur by betting incorrectly on the color of the next car coming down the road. Glass-Steagall is the only solution.