Nick Griffin reports from the European Parliament for the World at 8 – The latest bank bail-out plans are good news. The world's biggest banking institutions - the US Federal Reserve, the European Central Bank, the Banks of England, Japan and Switzerland - are all piling in to print untold billions of dollars so that they can be lent on the cheap to European banks which are then supposed to lend them at a tidy profit to struggling businesses and families in the real world. 

How is this 'good'? What's 'good' about a scheme which buys the banksters a bit more time in which to rip off even more customers with their obscenely high interest rates? Only that the latest measure is so desperate that it shows that the day isn't so far off when the whole rotten system comes crashing to the ground. And when that happens we nationalists will get a once-in-a-lifetime chance to win the arguments and the power struggle to ensure that nations like Britain not only win back our political sovereignty from Europe, but also our financial sovereignty from the international banks.

The financial 'experts' and political elite all pretend that the financial crisis is very complicated. Why? Partly to justify their jobs and salaries, of course. But also, in very large part, because the real story is so simple - and so damning. The truth is that the global financial system is broken. It is beyond fixing. The world's economy is drowning in a tidal wave of worthless debt. Somewhere between one and two quadrillion dollars. That's at least a thousand times one trillion dollars.

It has been created out of thin air by all sorts of brilliant financial conjuring tricks. But since it is many times more than all the real wealth in the real world, it can never be repaid. It's the biggest pile of invisible junk in human history. Even the new plan to create a mountain of new dollars won't do more than buy a couple of weeks for the Eurozone to try to find a way to stop Italy and Spain following Greece into bankruptcy. All it will do is to stoke up the fires of inflation, at the same time as brutal government cuts drive country after country into deep recession.

Then, when it becomes clear that the unpayable debts are still not getting paid, and that governments' abilities even to pay the interest is declining by the day, there will be a chain reaction collapse of the world's phoney financial assets.

I came across some interesting facts in a press conference today hosted by outspoken Italian Northern League MEP Mario Borghezio. The main speaker was Daniel Estulin, a Russian-born investigative journalist who is one of the world's experts on the Bilderberg Club. This is the shadowy organisation that gathers the world's banking elite and their Establishment political puppets together for a secretive behind-closed-doors meeting every year. His book, 'The Bilderberg Club - the Secret History of the masters of the world', is an international best-seller and a real eye-opener.

Eye-opening too is the fact that the newly appointed Premier of Italy, Mario Monti, is not just a former European Commissioner. Naive UKIP-type 'anti-Europeans' who think that Greece and Italy are now under EU rule are missing the point: The unelected technocrats are not ruling on behalf of the European Union but of the banks. The real problem with Monti is not so much his Brussels connections. It's that he is a long-term member both of the Bilderberg Group and the Rockefeller-founded Trilateral Commission. And he and both of these deeply undemocratic and sinister organisations are up to their necks with Goldman Sachs, one of the banking giants whose insane greed created the financial crisis in the first place. 

This isn't about rule by All-Seeing Eyes or Lizards in Human Form; it's simply about rule by an interlocking cartel of global corporations. It's about money. Money and power. And the desire of the global elite to tidy the world up, to do away with messy things like democracy and independent middle classes and nation states run by governments chosen by and answerable to their own people.

The choice before us is simple too. Will we the people let these crooks and their 'mainstream' puppets use their own debt crisis to impose their post-democratic dictatorships on us over the next few years? Or will we be dedicated and well-organised enough to use the pain caused by the banksters' schemes and rip-offs to awaken millions of our fellow citizens to the possibility of a better way: The Nationalist alternative under which the power to issue the nation's credit is restored to its sovereign government. A sane, moral way of ordering our society so that banks, and the power of money, are there to serve the nation and her people, instead of the other way round. It's time to decide, and time to fight!

Also on tonight’s World at 8:

- Praise for the campaign led by the British National Party's National Organiser Adam Walker over the sexualisation of our children by the educational establishment 

- An illegal immigrant has been jailed for growing 190,000 pounds worth of cannabis

- Bystanders in Liverpool give the union leaders in the notorious left-wing socialist TUC a hard time

- Emergency meetings take place in Geneva regarding the ongoing Syrian crisis