February 15, 2010 -- The euro-zone, and with it the illusion of the entire British-based banking system, is gone. To survive, euro-zone countries must withdraw from the European Monetary Union and restore their sovereignty. They, like Greece, are being dictated to cut their budgets, in order to bail out the bankrupt British-centered European banks. These banks, like Royal Bank of Scotland-tied Banco Santander, are full of worthless assets, which in reality must be removed from their books.

Advocates of the always-doomed European Union are making their intention clear, as they tell Greece to decrease its deficit from 12.5% in 2010, to 2.8% in 2012. This can obviously be done only through drastic budget slashing across the board, which also, under EU mandate, must be done under control of EU authorities. As one EU source was quoted in the Independent, “What we need is the same kind of mechanism that we have now imposed on Greece in order to monitor and survey the euro-zone countries. So the idea is to put all European economies under surveillance.”

This would be a complete destruction of what’s left of Eurozone nations’ sovereignty. Alberto Giovannini, current EU Commission adviser, brought this idea to its inevitable conclusion. “History teaches us that empires are more efficient and achieve great prosperity, because the imperial model is successful with an extended geography(!)” [emphasis and exclamation added -ed]. Giovannini also was instrumental in the original transition from national currencies to the euro, which was used to prevent a true Eurasian economic alliance, as organized by Lyndon and Helga LaRouche, after the collapse of the Soviet Union and fall of the Berlin wall.

Is this policy merely confined to Europe? Not as long as we have a British loyalist for a President. As President Obama attempts to force health care rationing against the will of the population, cuts NASA’s Constellation program for manned missions to space, and threatens using executive order to create an austerity commission for the entire budget, he is showing his disdain for Kennedy’s space program legacy, and his contempt for Franklin Roosevelt’s anti-Wall Street, forgotten-man policies. These Democrats fulfilled their Constitutional duty, to defend the General Welfare and the Posterity of the United States.

The Senate Budget Committee held hearings last week, on the topic of “Setting and Meeting an Appropriate Target for Fiscal Sustainability.” At this hearing, the same budget criteria held in the European Union were promoted for adoption here, and Alice Rivlin, co-chair of the Bipartisan Policy Center’s Debt Reduction Task Force stated in regard to Medicare, “in the end, we’re going to have to worry about rationing.”

The British empire, as empires generally do, can’t see beyond their life-line of desperately clinging to formerly powerful economies, as they induce these countries to destroy themselves through internal looting and disintegration. This empire is finished. The only way European nations can be saved, is to implement what economist Lyndon LaRouche has proposed, a global Glass-Steagall bankruptcy to write off worthless assets of the banks, and to withdraw from the European Union, restoring their sovereignty, and enabling the issuance of sovereign credit for development.

To throw off these policies here, we must get Obama out of the way. He has declared his intention to take the United States down with this empire, and this cannot be allowed. The United States is now faced with a moral question, will we join the development orientation of the Pacific nations of Russia, China and India, or will we forget our principles, and destroy our economy as we are told? It’s time to give the British system the burial it deserves, before it crushes us too.

--Rachel Brown