April 17, 2008 (LPAC)--Has the Bank of England deployed British Prime Minister Gordon Brown to the United States to sink the U.S. economy? That is the question raised by Brown's three-day trip to New York, during which he met yesterday with more than two dozen bankers, including the heads of some of the biggest and most bankrupt banks on Wall Street. The meeting occurred against the backdrop of a similar meeting in London on April 15, and the publication the next day in the British press of several stories about a plan in which the Bank of England, using government money, would bail out the banks by buying U.K. mortgage-related securities. Mervyn King, the Governor of the Bank of England, has reportedly been working on the plan for weeks, and consulted senior financiers in the U.S. and elsewhere.

Brown is scheduled to meet today with Fed Chairman Ben Bernanke, whose Fed is already taking in mortgage-related securities as collateral for loans.

The real issue here is the way in which the financiers of the British Empire are setting a trap for the governments, by inducing them into suicidal bailouts. The dumb U.S. bankers, who know far more than they will admit about the sizes of the holes in their balance sheets, are all too eager to have the government bail them out, and the politicians who depend upon contributions from the bankers are all too willing to pander. We suspect that the real reason for this Brit twit's visit is to pressure the U.S. to begin buying the trillions of dollars of worthless securities based upon U.S. mortgage debt, as a way of shifting the losses from the banking system to the taxpayer. As we have said repeatedly, such a bailout would sharply accelerate the hyperinflationary process already set into motion, leading to the blowout of the dollar and the collapse of what remains of the nation-state system, leaving the British Empire to pick up the pieces.

The bailout plan is a trap, and Gordon Brown, like Tony Blair before him, is here to lure the United States into disaster. The proper approach to Prime Minister Brown would be to laugh him out of the country, sending him back to the Empire and its Bank with his tail between his legs. After all, as Zimbabwean President Robert Mugabe recently observed, Brown is but "a little tiny dot on this planet," and the same can be said for the City of London. What arrogance, to think they should rule the world, and what stupidity, were we to let them.