September 18, 2007 (LPAC)--On Sept. 17, Bloomberg News Service put out a sanitized version of the story that Lyndon LaRouche and LPAC publicized early this year, with the real scoop. That is, that Spain's Banco Santander, a front group for the British Monarchy's financial interests through its partnership with the Royal Bank of Scotland, has had its claws firmly dug into Brazil for some time to ensure imposition of its own oligarchical policy agenda. The news comes out as Spain's real estate bubble is blowing out.

That agenda includes sabotaging the attempt by several South American Presidents to create the new Bank of the South, which LaRouche characterized in a June interview on Ecuadorian radio as "a matter of life and death for the nations of South America."

In its Sept. 17 headline, Bloomberg blared that Santander president Emilio Botin "Builds 'Republic of Santander' in Lula's Brazil." The article excitedly reported on what LaRouche and LPAC exposed, beginning back in April, as a Santander "economic coup d'etat in Brazil." Botin put almost $1 million into Lula da Silva's 2002 Presidential campaign; he also maintained a $2 billion trade credit line open when other foreign banks stopped lending to Brazil, for fear of default. "Santander believed in Lula and Brazil at a critical time," one Brazilian consultant gushed.

What Bloomberg omits is the fact that Santander's coup in Brazil is aimed at the Bank of the South. In a July 5 statement, Lyndon LaRouche warned that "the founding of the Bank of the South poses a problem in South America for financial interests typified by the Spanish Santander and BBVA banks, which are extensions of the British Empire's scandal-ridden BAE company." As South America's geographical and economic powerhouse, Brazil is crucial to the success or failure of the Bank of the South.