The Greek Debt Is a Swindle—So Is the Entire Transatlantic Financial System, Sink It to Stop WWIII

Lyndon LaRouche today launched an international initiative, centered in Manhattan, to expose the utter fraud of the debt which is being attributed to Greece by the European Union and the British Empire’s banks. That debt is being used as blackmail to try to bludgeon Greece—and after them, all of Europe—into committing suicide by imposing genocidal bankers’ austerity, yet again.

“The Greek debt, as such, is mostly not Greek debt,” LaRouche stated. “The debt which Germany and other nations are demanding that they pay for, is money that the Greeks never got! So the Greeks don’t owe that money. This was a swindle, because the Greeks didn’t incur that debt.”

The whole thing was foisted on Greece by a series of frauds, LaRouche said, but in fact it only went to pay Greece’s international banking creditors, to cover up a Ponzi scheme run by Goldman Sachs and other predatory financiers, and to grease the skids of corrupt arms deals negotiated by previous Greek governments—as members of the current Greek government have documented.

But the Greek case is not an anomaly on the world scene. It is a classic example of what LaRouche and EIR have long described as “bankers’ arithmetic,” a fraud under which the majority of the nations of the planet have been saddled with debts they never actually incurred, built up by a pyramid of derivatives speculation and related financial swindles. That is how we got $2 quadrillion in derivatives and other financial assets on the books today, with no conceivable way of paying that debt.

The case of Greece is the same fraud that the vulture funds are trying to perpetrate against Argentina. And it is the same swindle run worldwide by the drug-running, tax-evading bankrupt banks that are at the core of the British Empire today. One such case, that of HSBC—formerly Hong Kong and Shanghai Banking Corporation, aka the central bank of Dope, Inc.—has recently gained notoriety for organizing planet-wide tax-evasion schemes for their wealthy clients. That, on top of the earlier demonstration at U.S. Senate hearings that HSBC was at the heart of laundering tens of billions of dollars of blood money from the Mexican drug cartels.

But HSBC is just one case among dozens. A whistleblower at UBS (Union Bank of Switzerland), former head of protocol Stephanie Gibaud, has just stated that “the information on HSBC is a copy/paste of what I experienced at UBS.” She added, with scientific precision:

“We have to understand that we are dealing with a criminal industry.”

That is exactly what Wall Street, the City of London, and the entire trans-Atlantic financial system are. It is a criminal enterprise that would maintain the illusion of the solvency of $2 quadrillion in financial assets, by killing off entire nations and populations, such as they are attempting in Greece. It is the bankruptcy of their financial system which is also driving them to threaten thermonuclear confrontation with Russia and China, using Ukraine as an excuse, in order to impose their will globally.

The British Empire’s only hope of victory, is if nations such as Greece and Russia, capitulate to the blackmail and threats, and agree to play by the rigged rules of the game that the British Empire insists is the only game in town. But if they refuse—as the BRICS nations are doing, as well as allied nations such a Greece, Argentina, and Egypt—and instead fight to create an entirely new system based on credit issued for development, rather than speculation, then the financial empire can be brought to its knees.

“We have to spill this thing as a leading issue in the U.S.,” LaRouche stated. “You can sink Wall Street on this one. If you sink the Greek swindle, you’re going to start a chain- reaction explosion of the international trans-Atlantic system, like the Wall Street system and similar things, the British and others. They are the ones who owe the debt, not the Greeks.”

“This thing has got to be put loud and clear on every doorstep inside the United States,” LaRouche said. “If you want to avoid World War III, that’s what you do. And if you don’t do that, you’re not serious about World War III.”

This is an international and a national campaign, LaRouche concluded, and it is centered in New York City. We are taking Manhattan back from Wall Street, and returning it to the policies of Alexander Hamilton.