November 6, 2007 (LPAC)--"The decision makers at Citi, Merrill Lynch, Bear Stearns and the rest will adopt an 'America first' attitude when defending their turf", and if they do, London will suffer, complained London Telegraph City Editor Damian Reece. He continues by arguing that, "This is the moment for Citi to take all the pain it needs to take." Elsewhere in the same rag, imperial mouthpiece Ambrose Evans-Pritchard argues that some $2 trillion of subprime and Alt-A debt is "worth far less than book value" and "a cascade of defaults will inevitably follow," and that America must now pay a price for "mortgaging the nation." The Bank of England's Mervyn King warns it will be "several more months... before the banks have revealed all the losses." George Soros says the U.S. is "on the verge of a very serious economic correction... the bill is coming due." These statements are all basically true, and yet also reflect the duplicity that earned the British Empire the sobriquet Perfidious Albion, as they occur within the context of an all-out British assault on the very concept of American nationalism.

Reece pointedly identifies three banks, two of whom (Citi and Merrill) have just had their chairmen removed and the third (Bear) whose chairman was just blatantly attacked by British agent Rupert Murdoch. Chuck Prince was deposed at Citigroup in part due to a report by Canadian Imperial Bank of Commerce and Fox News analyst Meredith Whitney, whom the Telegraph promotes as Citigroup's "arch critic". The CIBC/Fox mouthpiece is demanding that Citigroup be dismantled and sold in parts. Her call was amplified by Reece, who said that Citigroup's conglomerate model was definitely not working, and that its record "justifies a breakup, regardless of this year's crisis." Citigroup "strayed into areas it simply didn't understand," and "it is a reasonable guess that more bankers will lose their jobs and reputations before this tale is over," added the London Guardian.

The Brits are attempting to have the United States go down with its bankrupt banking system, leaving the British Empire free to rule the world. They figure we are too dumb to let go of our illusions of wealth, and thus will go down with our ship. The only effective alternative, and what kooks and crooks refuse to discuss, is the restoration of American national sovereignty, beginning with the passage of LaRouche's Homeowners and Bank Protection Act. As it has been from our founding, it's the United States versus Perfidious Albion.