http://www.larouchepub.com/hzl/2012/webcasts/3918apr27_opener.html

Now, this system is finished. The Eurozone is about to break apart. Nobody knows this better than the people in Spain, where Standard & Poor's just downgraded Spanish debt by two notches to BBB-plus, three notches above junk status, which means that the interest rate which Spain will have to pay from here on out, for any kind of credit, will become more and more unpayable. Now, to the best of our knowledge, the entire European banking system is bankrupt. And Spain is just the tip of the iceberg, or just one element of this. Dennis already mentioned that at the IMF meeting in Washington last weekend, behind the scenes, there was quite some turmoil. Bankers were talking about an about-to-happen crisis, bigger than Lehman Brothers, with a minimum figure of €7 to €8 trillion which would be needed to save only the private sector of the European banking system, between now and the end of this year.

Now, this no mere peanuts, this is trillions. And if you add that to the $29 trillion which had been injected into the American banking system, you already see that we are talking about hyperinflation, because if you start pumping that kind of money into the banking system with no limit, then you are very quickly approaching a situation like that in 1923 in Germany, but this time, in the entire trans-Atlantic region.

Conclusion: Banksters are liars like always, they are doomed, system is finished, the same for both side of atlantic, it's over, just wait for the second part of this year and gold explosion, could it be better, ask Banksters!

GLTA