Now if you want a real conspiracy, try corporate ones, the East India Company in particular and its gradual Enron-like desire to take over India in order to cook the books to cover its huge losses from the British Government. Eventually, when it finally collapsed, the British government was saddled with something it really really didn't want: the Asian subcontinent. [/b]
Notice how Middle-East sovereign wealth funds are ploughing money in to distressed western banks - Citigroup and UBS? China and Singapore are getting involved as well, and many more banks will be marched under the yoke.
Looks like Asia is getting saddled up in reverse this time - except no money from the sub-continent, which is still relatively dollar poor. Maybe they could tap the Mittels for a loan.