October 16, (LPAC)--Keeping in mind Lyndon LaRouche's warnings, that it is the British Imperials who are suckering American banks into a Weimar-style hyperinflationary bailout scheme which would destroy the United States, the wily press in Britain is playing cover for its favorite financiers, by expressing publically what is in truth, a well-justified skepticism regarding the Goldman-Sachs' mega-bailout scheme. Perhaps some Sherlock Holmes would see such remarks as proof of London financiers' distance from M-LEC, but anyone who knows American history, would know exactly why the sun never sets on the British Empire.

So, the Financial Times of London today reports, first, that no one knows how the bailout could possibly work; and second, that many are "wondering" if it is no more than a "murky" bailout for Citibank and other banks. The FT quotes one financial analyst in its lead article who says, "People are nervous and wondering why do the banks need a big fund? What do they know that the investors don't?" Another was quoted saying, "It seems like the goal of the banks is to create an illusion of a stable market, then offload the newly created entity to investors."

The FT's "Lex Column" begins: "There's Armageddon, and then there's the alternative -- a massive funding vehicle the banks have dreamed up to avoid a fire sale of financial assets."

Then the FT lead editorial concludes: "The ultimate question is whether the plan will be seen by investors as any more than a reshuffling of assets. If the new fund fails to gain investors' backing, the banks will have to think again. They may even have to take the risk on their balance sheets, where it arguably always belonged." The editorial also questions whether the plan is "sound," even while saying it is okay for the US Treasury to "coordinate" a response to the credit crunch. "Even some of the banks involved wonder whether Citigroup ... is being bailed out of its lending errors with a murky form of innovative off-balance sheet financing. That question applies to every bank that will kick in assets."

The Guardian quotes Graham Turner, of GFC Economics, as saying, "It is little more than a confidence trick that does not go to the heart of the matter -- namely how to prevent the downward spiral in property prices and escalating foreclosures feeding off each other."