From Volume 6, Issue Number 8 of EIR Online, Published Feb. 20, 2007

World Economic News

Brits Rush To Defend the Yen Carry Trade

Bank of England governor Mervyn King declared his agreement with the Bush Administration against the rest of the G-7, opposing efforts to force the Japanese to raise interest rates and raise the value of the yen, the Wall Street Journal reported Feb. 15. Without once mentioning the yen carry trade, which provides a huge quantity of liquidity to prop up the various bubbles in the world economy, King (with a straight face and a stiff upper lip) declared that, "Having spent two years explaining the merits of a flexible exchange rate to our Chinese colleagues, I find it odd" to now demand intervention to raise the value.

Crown's Raw Materials Cartels Move To Grab Alcoa

As if to accentuate Lyndon LaRouche's observation of the Anglo-Dutch intention to destroy and take over the United States, the Times of London reported Feb. 13, that BHP Billiton Ltd., and Rio Tinto, two of the giants of the Crown's raw materials cartel, are each preparing a $40 billion takeover bid for U.S. Alcoa, the largest aluminum producer in the world. The report of the bids caused Alcoa's stock price to rise 6% on Feb. 13, according to MarketWatch.

Billiton was incorporated in the Netherlands in 1860, to loot tin and other raw materials from Indonesia, and other Dutch colonies. In 1970, Royal Dutch Shell bought a chunk of Billiton, and the company set up headquarters in London. In 2001, it merged with Broken Hill Properties, an Australian raw materials firm. Rio Tinto, which was formed in 1873, with input from the Rothschild family, extends over the world with operations that give it significant dominance in uranium, copper, gold, diamonds, bauxite, titanium, cobalt, etc. As the dust settles from a financial crash, destroying financial paper, the Anglo-Dutch will use these companies to control the means of human existence.

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