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For a decade after the 2008 global financial crash, the major central banks wrung their hands that they could not "stimulate inflation" anywhere near 2%. Now since their "regime change" decision at the August 2019 Jackson Hole, Wyoming bankers' conference, they have shocked even themselves by setting loose an inflationary storm which has, as it has blown across the world, dramatically increased inequality, unemployment and poverty in the developing countries. London and Wall Street have blamed this on the COVID pandemic to try to motivate a "Great Reset," the so-called Green New Deal. But they have caused it, since the September 2019 "repo crisis," by taking the vast oceans of new electronic reserves the central banks have created for them and turning them into pure speculation. If an accounting published today by the Visual Capitalist blog, based on bank statistics (https://www.visualcapitalist.com/distribution-of-global-wealth-chart/), is accurate, it is a veritable picture of central bank hyperinflation. It finds that total, worldwide household wealth fell during 2020, but by mid-2021 it was 7.5% {higher} than mid-2019, at about $420 trillion total, or up about $30 trillion from 2019. That $30 trillion is right in the ballpark of the estimated total "QE," the money-printing by major central banks in the trans-Atlantic region, Japan, Korea, and the large-scale new government borrowing for "COVID relief" by the United States Treasury. $22 trillion of that $30 trillion newly-printed wealth is in North American and European households—if you can call trusts and tax shelters "households"—the rest in China and Asia. In India household wealth in the same period {fell} by $600 billion; in South America by $1.2 trillion. A full 45% of that global "household" wealth is now owned by the 1.1% of wealthiest "households." The "wealth" grew where the central banks created massive new reserves and the big banks converted them into speculative loans, not elsewhere. That concentrated wealth is the effect of a hyperinflationary central bank money-printing policy; but it would not be setting off storms of inflation without the simultaneous absence of productive investment, new productive employment, in the "advanced" economies, and indeed the {destruction} of economic productivity by "the great leap backward," the Green New Deal. {EIR}'s warning report of February 2021, called {The Great Leap Backward}, fully described what has happened since. {EIR}'s has warned since mid-2020 about the return of "Schachtian" fascist economics, which combines massive money issuance with technological regression and cannibalization of labor. The warnings were based on those of Lyndon LaRouche 50 years ago. In fact, we should think of "the Great Inflation" of the 1970s, as LaRouche alone described it {in August 1971}. Then the highly productive economic relationships of the Bretton Woods monetary system were destroyed by Nixon's forced blunder removing the dollar from its gold reserve, and were replaced by massive international speculation. The eurodollars and petrodollars of that new global debt speculation were created by the City of London banks themselves, then joined by Wall Street! And the printing of these dollars of international debt was arranged to be backed by the revenues of oil producers—as if magically, there followed hyperinflation of oil and other fossil fuel prices. LaRouche explained years later, "Now, that meant that the dollar was now in jeopardy. Then, you had the oil crisis of the 1970s. Now, there was no shortage of oil, except an artificial one. Every tanker in the world was sitting off the U.S. coast ready to deliver oil, and couldn't get it delivered.... "Before that event, the spot market, based in Amsterdam, had been a very minor part of the world petroleum marketing. Now, suddenly, the British—who are the key factors in this thing—made a new arrangement with the King of Saudi Arabia. And the organization, which is called today the BAE, was set up as a Saudi-British secret intelligence-military operation. So... there was out of this, an agreement under which the Saudis did a corrupt operation with the British intelligence services, using the spot market. So vast amounts of unrecorded money and profits were deposited to the British BAE and related services.... "The effect of this was to make the dollar, which was still being used, no longer really a U.S. dollar internationally. It became an Anglo-American dollar, a 'petrodollar.'" That explanation was given to an audience in Rome in July 2008. A year earlier LaRouche had already told an international webcast on July 25, 2007, that the collapse of the post-Bretton Woods financial system could not be stopped or postponed; it was imminent—as became obvious to all in September 2008.

The policy of U.S. and European governments since the September 2019 “repo crisis” and the March 2020 spread of the COVID pandemic has been dictated by the biggest central banks and by City of London, Wall Street and Frankfurt banks and investment funds. It has been to combine hyperinflationary money-printing for those banks and new government debt for “pandemic relief” programs; with incentives and pressure for the “shift of trillions” into a “green finance” wind and solar investment bubble. Despite economic collapse and large-scale unemployment, it has excluded investment in new productive infrastructure and productive employment, while applying the label “infrastructure” only to replacing reliable nuclear and fossil fuel power technologies with unreliable throwback “renewables.”This “net-zero carbon” policy is fundamentally Malthusian. After two years pushed “from the top,” it is now triggering physical-economic breakdowns in just those economies needed to provide capital goods to rebuild the shattered economies of Afghanistan after war and Haiti after neglect and natural catastrophe. The European economies have been hit this summer and early fall by a doubling of the price of natural gas, which is still rising fast despite increasing purchases from Russia’s Gazprom. It passed $26/million Btu at Amsterdam Sept. 27, rising another 11% for the day. The spiking price is shutting down supplies of CO₂ which slaughterhouses and food processors need, among others; and shutting down fertilizer plants. The natural gas price in Asia (from LNG) is even higher. In the U.K., the natural gas price has quadrupled in 2021. The retail suppliers of power and energy are shutting down. Wholesale and retail gasoline/petrol stations are shutting down; BP, for example, acknowledged that 370 of its 1,200 sites in Britain were closed because they were out of fuel over this weekend. Britain and some other European countries which have closed down coal power plants are now trying to reopen them. But the price of coal—ordered stranded, “left in the ground” and forgotten by the green financiers led by Mark Carney and Sir Mike Bloomberg—has risen by 65-100% in Europe and Asia this year. Thus China, whose industrial production and exports have been growing rapidly, has suddenly had to order electric power shutoffs to electricity-intensive businesses in aluminum, chemical fibers, textiles, etc; and this week, to households as well. In the United States, nationwide freight transportation is breaking down. Well over 100 container ships, from the large to the huge, have now been waiting off the West Coast ports for up to a month, unable to unload. Once finally in port, turn-around time for one of these ships now averages six days. The third stage of blockage is in the railyards around the ports, where the average storage time for containers unloaded from the ships ranges from 6-16 days depending on the port. This is usually just the delay before a short-distance rail transport to a “railhead” or warehousing center for truck loading, since the great majority of freight still moves long distance by truck. Because of frenetic money printing of the Federal Reserve and borrowing by the Treasury, consumer goods either produced or final-assembled in China have been bought in huge quantities by Americans, whose disposable income has actually risen during an economic collapse. This has overloaded the inadequate rail and port infrastructure to cause these breakdowns, which in turn have caused shortages of everything from lumber to auto parts to machine tools to consumer goods, and thus further inflation. Bloomberg on Sept. 26 quoted a Hapag-Lloyd shipping executive that this breakdown condition will last “at least through the end of the year.” The international shortage of semiconductor chips is projected to last at least until the end of next year, 2022, and is still worsening. The clearest sign is that U.S. new car sales have dropped from recent normal of 16-17 million/year, to 12 million projected in 2021 due to the lack of new cars to sell, and sharp inflation in price of used cars. The hyperinflationary pressures and shortages will continue, and worsen, until enough citizens in these “advanced” nations wake up to the truth that “green” policies are rushing toward a Malthusian reduction of the human population. The solution, refused for so long, is new missions for productive employment, infrastructural and economic development of underdeveloped nations. Afghanistan must be rebuilt; Haiti must urgently be developed. That is the Schiller Institute’s strategy.

The statement of Sept. 5 by Schiller Institute Chairwoman Helga Zepp-LaRouche, “Can ‘The West’ Learn? What Afghanistan Needs Now!” has gotten wide circulation and support. It lays out that the United States, having withdrawn its troops from Afghanistan at last, has the opportunity and the responsibility to cooperate in rebuilding its crushed economy. This is how to really end perpetual wars: The United States, China, and Russia cooperate in bringing economic development, along with other nations in Asia.But a terrible decision made by U.S. Treasury Secretary Janet Yellen on Aug. 15, and not reversed since, tries to make Afghanistan a basket case instead, a failed state, by seizing all its national financial assets. For the past six weeks Yellen’s Treasury has been holding colonial dominion over Afghanistan like a British colonial currency board administrator in Africa, Asia or South America. This is preventing Afghanistan’s few financial resources from being used in developing the nation in cooperation with its Central Asian neighbors. According to Ajmal Ahmady, the Ghani government’s head of Afghanistan’s central bank (the Da Afghanistan Bank, DAB) at the time the Taliban took over Kabul, Afghanistan had approximately $7 billion in assets at the New York Federal Reserve Bank. These consisted of $3.1 billion in U.S. bills and bonds, $2.4 billion in World Bank Reserve assets, $1.2 billion in gold, and $300 million in cash. Afghanistan also had $1.5 billion in other assets, according to Ahmady’s tweet on Aug. 21, held in “other international accounts” (apparently private banks in New York and London). Ahmady also said that Afghanistan was “reliant on obtaining physical shipments of cash every few weeks” from the New York Fed, in order to have any currency in the country for the population to use. So New York banks led by the Fed also had complete colonial financial control of “our” government in Afghanistan, before the Taliban takeover. No surprise, then, when NATO forces withdrew, that Afghans showed they did think of it as their government, and abandoned it. But Yellen’s brutal decision made the country’s subjection even worse—freezing the funds. Already on Aug. 17 it was reported in the Washington Post that on Aug. 15, as the Taliban forces approached Kabul, “The Biden Administration froze Afghan government reserves held in U.S. bank accounts…. The decision was made by Treasury Secretary Janet L. Yellen and officials in the Treasury Department’s Office of Foreign Assets Control…. An administration official said in a statement, ‘Any Central Bank assets the Afghan government have in the United States will not be made available to the Taliban.’” However: These were not assets of the Taliban; they are assets of the nation of Afghanistan. And the assets of this nation were held in banks in New York, with the U.S. government having unilateral authority for disposition of them. That is colonialism; it is wrong; Americans should not tolerate it. The same thing is true of the oil revenues of Iraq up to this time; they are deposited in the New York Federal Reserve Bank until used. Where NATO could not win or end its wars, the Treasury is trying to exercise colonial domination by financial seizure. Afghanistan’s neighbors agree: Pakistan Foreign Minister Shah Mahmood Qureshi told the press he would say, at the UN General Assembly: “I think freezing the assets is not helping the situation. I would strongly urge the powers that be that they should revisit that policy and think of an unfreeze.” Reuters headlined Sept. 17, “Unfreeze Afghan Assets Abroad, Neighbor Uzbekistan Says.” Uzbek President Shavkat Mirziyoyev said at the Shanghai Cooperation Organization heads of state/government summit on Sept. 17: “Considering the humanitarian situation, we propose looking into the possibility of lifting the freeze on Afghanistan’s accounts in foreign banks.” The Biden Administration must give up colonialism and join in economic development. Janet Yellen must abandon her usurped power as a colonial administrator. Both the assets of the Afghan nation, and the oil revenues of the Iraqi nation, must be ceded back to those sovereign nations. President Franklin Roosevelt already made this commitment to the then-colonies of the European empires, in the Atlantic Charter and the UN Charter. And it is the “American System” method to follow through with high-technology industrial development.

Why did we get into a 20 years’ war in Afghanistan? The British Prime Minister told us the United States had to. Tony Blair came to Chicago two years before that war started, and said the United States has to “protect” people from undemocratic governments London doesn’t like, by taking those governments out. The term “regime change” was born.Clinton agreed? Did anybody say no? Lyndon LaRouche did. He called it restoring the British Empire with U.S. forces. Nine months before the Sept. 11, 2001 attacks. LaRouche warned a major terror attack was coming in the United States to push the country into “emergency government,” and into war. That was Jan. 3, 2001. But the 9/11 attacks were launched from Afghanistan by Osama bin Laden. Didn’t everybody agree on that? LaRouche knew better. He said on radio, as those attacks were ongoing, that some other force, not Osama bin Laden, “let down the American security screen” and punctured it to make those attacks possible. Again—to push the country into “emergency government” and set it up for endless war. Does anybody agree with that? All the families of the victims of 9/11 gradually got the evidence that a foreign government—the Saudi Kingdom—helped take down that security screen for the hijackers. The 20 years’ commemoration of 9/11 is coming up, and those families wrote to President Biden: “Don’t show up! unless you declassify the FBI report on these Saudi operations first.” He may do it. And LaRouche said the Saudis would not have done that without a wink from the British. So what did we do in Afghanistan? Pushed out the Taliban government the U.K. wanted gone. Blair again. He told his Parliament it was “for the protection of our [British] people and our way of life, including confidence in our economy”; and he told “W” Bush it would be just “a short-lived exercise.” The “Blair Doctrine,” the regime-change war policy, is the failure here. And he was found by a Commission of Inquiry to have faked WMD intelligence about Iraq. But the U.K.’s top military institute is still inviting Blair to speak on the 20th anniversary of the 9/11 attacks. So Biden pulled American forces out. For doing that, the former British commander in Afghanistan, a Lt. Col. Richard Kemp (ret.), demanded that the American President be, not just impeached—court-martialed as a traitor. You can read what he and Blair and other hysterical British officials said, below. Biden a traitor to what? To “Global Britain,” they said. Watch out for Tuesday’s G7 meeting, British Prime Minister Boris Johnson is chairing it. The British say: They will push the United States to stay and expand in Afghanistan. And they want Biden out.What’s wrong with them? This “Global Britain, and London world financial center, all depends on American muscle being directed by British brains. As Helga Zepp-LaRouche says, without U.S. muscle, "Global Britain" is just a pea-brain. Then the United States should get out? More than that. This is the chance to throw the table over and reconstruct instead of bombing, and instead of sending U.S. troops there to confrontations with China and Russia. Let engineers go in and build in that whole region, invest in developing it. Every country in that region agrees that Afghanistan, now, is where the United States and the other great powers could finally start to cooperate in new infrastructure projects and exports of capital goods and machinery. By flipping the war script that way, maybe the United States could get finally get some justice, for what the British banks did to poor Richard Nixon and the U.S. dollar 50 years ago, on Aug. 15, 1971.

The unhinged explosion recorded in the Sunday Times of London by former British Prime Minister Tony Blair against U.S. President Joe Biden, over American forces’ withdrawal from 20 years’ war in Afghanistan, has underlined just what an opportunity Afghanistan represents, to replace poisonous British geopolitics with economic development and peace. Schiller Institute President Helga Zepp-LaRouche emphasizes that we owe this to humanity, which needs the development cooperation of major powers which could be launched in and around Afghanistan. That country stands in economic relation to its region and to South Asia, as America’s Deep South did to the United States as a whole before Franklin Roosevelt’s Tennessee Valley Authority transformed it.But Blair’s outburst reminds us, we owe it as well to America’s history of struggle against the British Empire and its centuries of exploitation of nations as its colonies and Commonwealth “partners.” Tony Blair began America’s era of endless “regime change” wars with his 1999 speech to the Chicago Council of World Affairs. He declared the Treaty of Westphalia principle dead, and demanded a new era of NATO war against developing nations for the “right to protect” (as in the “protection” the mafia once offered on the streets of Chicago and many other cities). Blair’s foreign intelligence service MI6 hoked up the dodgy dossiers of phony “intelligence” which launched George W. Bush’s Iraq War, as British Prime Minister Margaret Thatcher had “stiffened the spine” of Bush’s father for his Desert Storm. London needs American NATO muscle to run the world financially from London, frequent economic crashes and all. Geopolitics, the doctrine that one country’s or alliances interests are always pursued by screwing others, is British doctrine. And so Blair bellowed to the Times about America’s “imbecilic political slogan about ending ‘the forever wars,’” which he feared would relegate “Global Britain” to “the second division.” His tuneless shrieking was accompanied by a chorus of other British notables, named and unnamed by the newspaper. We have just passed the 50th anniversary of Aug. 15, 1971, when the U.K. government, the Bank of England and the City of London banks forced a fatal decision by Richard Nixon which shaped all of economic and human history for the worse since then. That was the ending of the dollar’s link to its gold reserve basis. It was the replacement of Franklin Roosevelt’s Bretton Woods monetary system with floating-exchange-rate system which set off a half-century of more and more unhindered pure speculation, more and more frequent financial crashes of debt bubbles fostered by central banks. Working people around the world earn 12% less of economic output as a result; but London has re-emerged as the world’s financial center. The end of Bretton Woods produced “Britain’s Second Empire” as proven in the documentary of that name. On that 50th anniversary we celebrated the contributions of the late statesman Lyndon LaRouche with an international conference. He was the only economist in the world who both forecast, in the 1960s, the British-engineered breakup of Bretton Woods, and stood against it when it happened, forecasting eventual economic depression collapse and pandemics as its result. But we also intend to reverse it, bringing about the launch of a New Bretton Woods credit system geared to capital goods exports from the major technological powers to the underdeveloped nations, for the great projects of economic development which are the precondition for peace. Afghanistan’s Ambassador to China Javid Ahmad Qaem told Global Times July 16 “The only place where they could really cooperate, and at least there could be a starting point to cooperate between these rivals, if I can call them that, is Afghanistan,”—referring to China, the United States and India, but could have included Russia. If this opportunity for development and peace is taken, that New Bretton Woods credit system is in sight.

Contrary to President Joe Biden’s self-justification today—“Our mission has never been nation-building” in Afghanistan—there is no conceivable reason for the military and military engineering forces of a major nation to stay in an underdeveloped country for such a long period of time unless they are on a mission to help build that nation, help it industrialize with the infrastructure for sustained economic development. What did the United States military forces under General MacArthur do for a decade and a half in Japan after World War II, if not to at least assist in relaunching the modern industrialization of that country after the disaster of war? What about assistance in South Korea’s building itself as an industrial power after war?Those times are long past when the United States was almost unique in being capable of providing such assistance. Now it must be done in cooperation with the other major economic and technological powers; and an Eurasian effort is already underway, China’s Belt and Road Initiative with projects in scores of countries. And the United States, until now, clearly has not been in Afghanistan to help build up a nation. The U.S. withdrawal is not the defeat of a campaign “for democracy,” which the NATO occupation never was. No, it is an opportunity which must be taken, with whatever government has popular backing, to foster the building of power, modern healthcare, water systems, transportation corridors—“TVA”-type development—in a country whose collapsed economy holds back the connectivity and development of an entire region. The Schiller Institute, led by Helga Zepp-LaRouche, organized a day-long conference just two weeks ago on exactly this subject, “Afghanistan: A Turning Point in History after the Failed Regime-Change Era,” with panels of real experts and representatives of other Asian nations who knew the country. The best of it was previewed in a special offprint report from Executive Intelligence Review, “Will Afghanistan Trigger a Paradigm Change?” The Schiller Institute will now be bringing many of the same experts and representatives back together to update their discussion of economic development in light of the new circumstances. One of them, Hussein Askary, today said on his Twitter feed, “It is fully possible to reach peace and stability in Afghanistan by integrating it into the Belt and Road Initiative. The regional and global context today is different from 1994” when the Taliban had previously taken power. This is already very much the approach that China and the Central Asian nations around Afghanistan are taking, and the approach Russia will take. The British may wax hysterical, as some of their Tory Parliament leaders did today, about sending Her Majesty’s very colonialist forces back into Afghanistan on their own to put things back in order! The British UN Ambassador may lament, as he did in today’s UN Security Council special session, that “what is happening in Afghanistan is a tragedy.” Shaken European ambassadors from the Irish to the Dane may have echoed him, but they are all clinging, sadly, to the beaten remains of a geopolitical policy of British origin which has been a disaster to the United States and the world. It is a good thing that the policy of regime-change wars is ending. It is that policy only which has failed, and it was never in the interest of the United States. As Helga Zepp-LaRouche stressed today, what is in American interest is to “join hands and go for reconstruction.” The NATO withdrawal from Afghanistan is a situation full of opportunity to do just that. The Schiller Institute’s July 31 conference on peace through development in the Central Asian region is now the vehicle for a drive to organize that development through joint offers by nations capable of exporting high-technology capital goods and substituting Afghanistan’s opium traffic. And the Institute will now update that vehicle for the greater opportunity which now exists.

The reaction of UN Secretary General Antonio Guterres to the latest report of the UN’s climate panel is an outburst against the economies and livelihoods of most of the nations in the world, an attempt to issue orders to these nations, which is no part of the UN’s authority and cannot be tolerated. This official, who is elected to seek reconciliation of nations and non-interference in their internal affairs, has instead handed down the brutal orders of financial elites and governments of a few advanced nations, as mandatory for all the rest, especially the developing nations for whom these orders impose economic backwardness, deaths and population reduction.“This report must sound a death knell for coal and fossil fuels before they destroy our planet,” ordered Guterres today. “Countries should also end all new fossil fuel exploration and production, and shift fossil fuel subsidies into renewable energy”—thus he demands nuclear power investments be banned as well. “As today’s report makes clear, there is no time for delay and no room for excuses,” pronounces this Secretary General, apparently, of BlackRock, Inc., the Davos billionaires and Prince Charles. The Intergovernmental Panel on Climate Change (IPCC) report itself, the rushed work of some 200 climatologists studying other scientists’ studies, makes some astonishing claims. All warming for 2,000 years and more is asserted to have occurred since the World War I period—a “hockey stick curve” already discredited 15 years ago. All this warming is emphatically claimed to be caused by human activity alone with fossil fuels; no natural factor plays any role. Because the warming is associated with higher atmospheric CO₂ levels, it is caused by those levels. And the climate change is “irreversible” and will breach the 1.5° Celsius rise in temperatures above the 1850 level, so long dreaded by the IPCC and all greenies, already by 2030 no matter what nations do. Just three or four years after that, the planet, in Guterres’ rant, will have been “destroyed” unless fossil fuel energy production and industrial use has been eliminated in every country, including the developing nations for which this will mean the end of development hopes and the threat of depopulation. This report is an attempt by the City of London-Wall Street-Davos forces and certain central bankers to beat down the opposition to a great economic leap backward—especially the opposition of China and India who feel responsible to defend the development needs of many other nations, but also the opposition of economic organizations and local all over the United States. They have to beat down that opposition to the “great leap backwards” before their COP26 environment summit in Glasgow. And it is far from clear that Wall Street, London and the royals and billionaires have the ability to do it. The Schiller Institute of Helga Zepp-LaRouche has been holding international conferences with scientists who really know something about energy, physical economy and the climate. Those scientists know that new and improved economic infrastructure is the way to respond to changes in climate and weather. They understand, as Prof. Augustinus Berkhout of Climate Intelligence (CLINTEL) expresses it, that humanity should be preparing for an optimistic future with nuclear power and advanced nuclear technologies, not for depopulation and despair. Economic development is a right of nations and populations, and the unique way to peace. The Schiller Institute intends to defeat this Davos Green Deal for which the UN’s Guterres tried to drive so arrogantly out of his lane today. It would be a fitting next step to carry forward Lyndon LaRouche’s 50-year battle against the financial oligarchy and for great projects of development.

Commentaries by university and financial economists are appearing on the approaching 50th anniversary of the August 15, 1971, “Nixon Shock”, the end of the post-War gold reserve Bretton Woods system which has produced half a century of industrial decline, speculative riot, gigantic debt bubbles and crashes, steadily worsening real wages and living conditions, collapsing public health capacities and now a deadly global pandemic.The commentators have little conception of what happened on that Aug. 15 aside from listing Nixon’s tariff, wage and price controls, dollar devaluation and attacks on “speculators”. They won’t see what it has done to U.S. and European economies and to prospects of development for Asian, African, and South American nations; they certainly could not have understood what was happening at the time. The extraordinary economist and statesman Lyndon LaRouche could see both, at that time and for several years before Nixon was pushed into his bumbling role in “the shock”. In these commentaries there is no mention of the crucial role of actions by Harold Wilson’s British government and the Bank of England, which hammered away at FDR’s Bretton Woods system until they pushed Nixon and his incompetent team of Arthur Burns, George Shultz, and James Baker III into bringing it down. Wilson tried and failed to get Parliament to devalue the pound in 1966. Then, having imposed severe austerity measures, in 1967 his government again recommended a 15% pound devaluation, and Parliament devalued it by 14% in November without coordination with other major nations through Bretton Woods procedures. In the same period the Bank of England twice opened a “gold window” at which British financial firms could trade in their dollars for gold and make claims on the U.S. Treasury. It was those London actions on the basis of which LaRouche made his unique forecasts starting in 1967, that Bretton Woods would be broken up by “about the end of the decade”. The 50-year commentaries harp on the claim that “the dollar has maintained its primacy” since and despite the Nixon shock, due to markets’ and financial forces’ ability to create dollar obligations themselves! One in Project Syndicate, by a Princeton economist, is most blatant: “Private financial markets’ power to generate money—U.S. dollars—made the greenback even more central.” LaRouche said in “Trade Without Currencies” in 2000 that the U.S. dollar in the 1945-66 period was the world’s reserve based on high U.S. labor productivity and strong capacity for capital goods exports; this in turn was the basis for the relative success of the Bretton Woods arrangements. After that point, he said, the strength of the dollar as reserve currency had steadily declined, making a new international credit system urgent; by 2000 he had for years called for a new Bretton Woods whose objective was credit for “great projects” in developing nations. In the history of Lyndon LaRouche’s immortal contributions to economic science and human progress, that date in 1971 has an important place. By his unique ability to forecast, several years earlier, the “shock” end of the gold-reserve dollar—recognized then even by average American citizens as a major and ominous change—LaRouche set himself apart for the force of his ideas, from other economists and political leaders. Already in 1967, seeing what was coming, LaRouche proposed in a mass-circulation pamphlet a new policy of Third World development through credit to fund capital goods exports, as the higher objective for the growing anti-Vietnam War movement. Within a decade he had won the Non-Aligned Nations to an International Development Bank to begin to restore Bretton Woods as FDR had intended the role of the World Bank in developing sector projects of new infrastructure development. And within that decade he had attracted powerful Wall Street and London enemies who concocted wild slanders and formed a “Get-LaRouche Task Force” to see him prosecuted and imprisoned. Looking forward 50 years from that 1971 event which had proven his method of physical economics, LaRouche was able to see the coming alternatives in the post-Bretton Woods world: Increasingly unbridled speculation ruling over collapsing industries, the imposition of what he called “Schachtian fascism” in economic policy, depression and a potential biological holocaust of pandemics; or, a new international order of credit for capital goods export and development. Fifty years later LaRouche’s conception of a new Bretton Woods, or a Malthusian depopulation disguised as the “Green New Deal”, are the choices now. The LaRouche Legacy Foundation’s 50-year anniversary conference Aug. 14, 2021, will present LaRouche’s method of thinking in action. “So, Are You Finally Willing To Learn Economics?” Register here.

The Schiller Institute’s July 24 conference of scientists and technologists, “There Is No ‘Climate Emergency’—Apply the Science and Economics of Development To Stop Blackouts and Death,” threw down the gauntlet to the so-called Green New Deal being imposed by big finance on the governments of the world without the consent of their governed. The conference made clear the actual answer of competent scientists, engineers, meteorologists to the threat of extreme weather events: Build better infrastructure and maintain it! Build seawall and water management and storage infrastructure against storms and floods; build river basin development and water transfer infrastructure to cope with droughts; build reliable electric power infrastructure, especially nuclear, to make economies work for human life.The World Economic Forum financial elite and their Intergovernmental Panel on Climate Change (IPCC) intend the opposite—letting heat, cold, flood, drought, disease, hunger reduce human life to “save the planet”. The International Energy Agency (IEA) issued a report for the global climate summit of governments in Glasgow in November. It claimed all countries’ measures already taken to reduce carbon emissions were nothing compared to what the planet demands: Four and a half times more carbon must be cut out of power production, heating, steelmaking, etc., etc. The IPCC “scientists group” met today to start “finalizing” five carbon-cutting scenarios for nations at the Glasgow Nov. 1-12 meeting. The IPCC claims its computer models can precisely forecast climate and weather changes by 2030 for each scenario, and by region of the world, so as to put pressure directly on individual continents and countries. The former U.K. government’s COP26 Regional Ambassador to Sub-Saharan Africa from March to October 2020 Paul Arkwright made just such a direct and public demand on Nigeria (where he had previously been British High Commissioner, aka ambassador). Nigeria is the largest Black African nation by population, one which has a great deal of oil and natural gas and wants nuclear power and development. Cut out much, much more of that carbon, said Arkwright. In the United States capital investment in the energy industries is collapsing, reported Standard and Poor’s. There is crushing pressure from Wall Street and City of London banks, BlackRock and other huge fund managers. All the capital investment is going into wind and solar parks instead. But Kansas State Sen. Mike Thompson, a 40-year meteorologist and TV weatherman, showed this at the Schiller Institute conference: At the worst of the “polar vortex” deep freeze in February 2021, all that wind and solar power disappeared, forcing fossil fuels and nuclear to fill in the 98% of electricity generation! If those fossil fuel and nuclear plants hadn’t been there, Kansans would have frozen to death; Texans did, that same week. But the plan of the Green New Deal is that the fossil fuel and nuclear plants won’t be there—not in the Midwest or Europe, not in African countries which don’t even have nuclear plants yet, not in Southeast Asia. The IPCC, the “green” financial elite intend the Green New Deal to reduce the population of the world that way. The Schiller Institute, even as it organizes such forces around common interests worldwide, understands that to beat this genocidal policy the powers which resist it—China, Russia and the United States at least—must cooperate in funding real technological development, great infrastructure projects, worldwide. Despite the tremendous tensions, even danger of war among those nations, that cooperation could be launched “suddenly,” in Afghanistan. They are all responsible and obligated there. They all have strong interests against opium traffic and terrorism. They have all been involved there, including the United States which once, after World War II, worked to transfer the Tennessee Valley Authority development miracle into the Helmand River Valley. That is the Schiller Institute’s next conference, this Saturday: “Afghanistan: A Turning Point in History.” Here is the announcement to send out now to your contacts, and register.

The Schiller Institute is preparing a conference at the end of this month with experts who are passionate about Afghanistan’s prospects of becoming, not only a rapidly developing nation, but the pivot of economic development in South Asia, and even the catalyst in a change of relations among the major powers. Our conference will be aimed as a spark, with many nations already meeting in the Central Asian region to discuss next steps after the NATO withdrawal of forces from Afghanistan.The Schiller Institute’s meeting will be held at a true turning point of 21st Century history: The major powers and the regional neighbor countries alike need to eliminate terrorist threats and remove the scourge of Afghan heroin fed by decades of war; and this opens the possibility of development of healthcare and education, transport routes and power and water, with international cooperation in contributing capital goods. As Afghanistan’s ambassador to China, Javid Ahmad Qaem, expressed it in an interview with Global Times July 16, “The only place where they [China, India and the United States] could really cooperate, and at least there could be a starting point to cooperate between these rivals, if I can call them that, is Afghanistan.” The people of the United States and the European NATO members need this development more than Afghanistan does. As NATO forces have done to Iraq, Afghanistan, Syria, Libya since the 1990s, so have we, in America and Europe, done to ourselves. Our industrial economies and our labor forces have been left to crumble and become impoverished while we trusted the endlessly deployed fighters and their spectacularly expensive equipment to make us “number one” in the world. We admired Wall Street speculating on decaying economic infrastructure until it has fallen apart. Only six months ago the United States electric grid could not keep scores of Americans from dying of cold in long blackouts, while millions of others huddled in misery during a freezing Polar Vortex. This past week Germany’s and Belgium’s flood control infrastructure was washed away in floods which have killed hundreds despite nearly a week of precise warning. America has done nothing for 25 years to counteract a steadily intensifying drought which is threatening to turn the West back into uninhabited desert. “Climate change” hysteria is not a policy to save the planet, but a threat to reduce the human race and push it back centuries in productive capacity. Between now and the meeting on Afghanistan’s development, the Schiller Institute on July 24 holds a combative conference with scientists, engineers and others to defeat the Green New Deal, stop power blackouts and prevent the wholesale shutdown of power supplies and industry. (“There Is No ‘Climate Emergency’—Apply the Science and Economics of Development To Stop Blackouts and Death”) The withdrawal of forces from Afghanistan is no setback if it is taken as an opportunity to make the contributions American technology can make to the progress of developing countries. Instead of tolerating think-tanks’ and Defense Secretaries’ talk about “winning” endless and fruitless wars, we can devote ourselves to the arts of peace against pandemic and famine, and rebuild our own economies into the bargain.

The doublespeak media leaders of the United States, New York Times and CNN for example, made clear yesterday their hope that hundreds of Germans will have died in the natural disaster to make it possible for Green Party co-leader Annalena Baerbock to rally and win the Chancellorship. The Times headline—“Germany Floods: Climate Change Moves to Center of Campaign as Toll Mounts”—is sufficient to give you the idea.The lead article in Neue Solidarität spoke instead to reality: “Gegen die Launen der Mutter Natur, hilfts nur der Ausbau der Infrastruktur!” (The Takedown of Infrastructure Helps the Moods of Mother Nature) That article says: "The worst flood to date in Central Europe, the so-called Magdalene flood in July 1342, occurred long before CO₂ levels rose in the atmosphere. At that time the water was in the cathedrals of Würzburg and Mainz, the cities on the Rhine, Main, Weser and Elbe were overrun by floods, and thousands of people were killed…. “The reconstruction of infrastructure must be used to rebuild the businesses hit by the floods, so that the people in the region can get back their jobs and thus their livelihoods. The goal must be that the people affected should be better off after the reconstruction than before the disaster…. “Whether such natural events, which are always to be expected, turn into catastrophes depends above all on whether people have created the necessary infrastructure in time to enable them to cope with them. We do not need a vague ‘climate protection,’ but rather concrete measures to protect people.” Touring the flood area, Chancellor Angela Merkel fell headlong into a torrent of climate hysteria, featuring the absurd statement, “The German language hardly knows any words for the devastation that has been caused here.” She might have tried Nachlässigkeit, German for “negligence.” The government apparently had meteorological warnings beginning July 12-13 that heavy rains were likely to cause serious flooding in tributaries of the Rhine-Meuse River systems, but the warnings were turned into public service bulletins largely through certain apps rather than all-points alerts. Large numbers of people did not evacuate, despite being in known danger of inundation. Moreover these tributary rivers are, from EIR reports, not dredged or canalized, nor are the dams on them maintained. But to Merkel, the storms’ force “had something to do with climate change. We have to hurry, we have to get faster in the fight against climate change.” So Europeans in the Rhine and Meuse watersheds cannot expect in this government’s “recovery” package, any improvements in the flood-control and water management infrastructure, but only faster bans on energy sources and faster increases in their electric bills. The floods in the Elbe River system in the East of the country in 2002 followed a full week of heavy rains, and were more devastating and much more widespread than these; they spread across Eastern Europe and even into Russia. Perhaps global warming became even more extreme by 2002 than it had been back in 2021, when there were already hardly any German words to describe it? The situation is exactly the same in the North American West, where a gradually intensifying drought condition has been known to be developing for 25 years, with no action ever initiated to build “great projects” of water transfer infrastructure from wet regions of the continent, nor to build power plants capable of desalination along the surrounding oceans and seas of water. Instead, “global warming” (now “climate change”) is pronounced the reason that nothing can be done but sacrifice to “save the planet.” Helga Zepp-LaRouche, federal chairwoman of the Civil Rights Movement Solidarity party in Germany, said that the European Union’s so-called climate-change recovery package “could only have been devised by people who have no interest in people, who do not care about the development of the developing sector, but who want to continue the colonialist system.” Mark Carney, the UN’s Special Envoy on Climate Action and Finance and former Governor of the Bank of England, proposed buying CO₂ emission rights from developing countries — provided that they renounce economic development and the expansion of agriculture. There is already an agreement between Norway and Gabon, in which Gabon has committed itself to forgoing economic development of its rainforests — which cover 90% of the country’s area. For this they will get a ridiculous €150 million over ten years! Said Zepp-LaRouche: “I find that absolutely disgusting and I hope that the legitimate will of the majority of people in the world will prevail instead, to claim their right to development.”

To quote a Chinese professor’s acerbic and brutally accurate observation, just before the G7 heads of state and government met at a resort in an impoverished area of Great Britain: “Far from confronting China, these Western leaders are only in confrontation with reality, and with the interests of the American people and the people of the world at large.” Trying to impose an insane new financial bubble called “Green New Deal,” based on deindustrializing advanced economies and making developing nations unsurvivable, the leaders of the trans-Atlantic democracies are too worried about bailing out their own banking systems to offer anything of value to the rest of the world. And as for the “rules” of their “rules-based order,” the same observer aptly said, “The time when a small group of countries can impose the rules on others, is past.”A counter-Belt and Road Initiative from the G7? The ugly April speech by the Brits’ top “green” banker Mark Carney to African leaders, in which he told them to give up land, resource and industry development to get “carbon offset” cash payments from the likes of Microsoft, looks like all there is. The heads of state and government, in their summit just concluded, renewed a pledge made in 2009, and several times since, without result, to “spend $100 billion a year to help poorer countries cut carbon emissions.” Specifically, the G7 said they pledged to “mobilize $100 billion/year from public and private sources, through to 2025.” None of the seven “leading” nations promised anything specific, just as they have not during the past 12 years. This does not look at all like an “alternative to China’s Belt and Road Initiative” so much spoken of by the seven rather economically desperate heads of state and government. Unless the “private sources” refers to tech and other giants like Microsoft, maliciously buying their way out of carbon emissions for executive jets and the like, by paying cash to take developing nations’ land and resources out of development. Moreover, along with this new “green finance” bubble is coming rising and spiking inflation, especially in food, which is plaguing much of the world. Home and vehicle prices in the United States are rising at 15-20 annual rates. The European Construction Industry Federation warns of frightening rates of increase in iron, steel bars, tar, construction materials for concrete and wood structures “threatening recovery after the pandemic.” The entire developing sector is struck hard by price increases across all categories of food, which the UN Food and Agriculture Organization says have averaged +38% over the past year. China repeatedly warns the United States Federal Reserve that its money-printing, and the European Central Bank’s (each now ten times their size after the Great Financial Crisis), are unleashing a dangerous worldwide inflation. A cartoon in China’s Global Times, a Da Vinci knockoff of “The Last Supper,” called “The Last G7,” shows an American bald eagle at the center of the table reassuring its “disciples” with a printing press that takes in toilet paper and spews out dollars. Confrontation with China and Russia by the “green” new order (now Build Back Better World instead of “Great Reset”) may start war that will escalate and destroy much of humanity, or set off a hyperinflation. It cannot defy physical-economic reality. The unique starting point which can lead both to recovery and to gradually increasing great-power cooperation, is the common mission of building a modern healthcare and public health system in every nation in the world. The “next pandemic” may be COVID-22, and the vaccines now vaguely being promised to the world sometime that year, may have been defeated by the virus by then. There must be hospital, clinic and lab building everywhere, providing the power, freshwater, housing, and training of recruits throughout the developing nations particularly. Everything for this new paradigm is being continuously worked out and created through the conferences of the Schiller Institute: The next, two-day international conference is June 26-27. It’s what we do there, that the world may remember.

President Joe Biden, who is going to Europe later this week for summits with G7 leaders, NATO heads of state and then Russian President Putin, wrote an op-ed published in the June 5 Washington Post and other media. Biden said the purpose of his major foreign trip was, in essence, to confront and back off Putin and, in absentia, Chinese President Xi Jinping.Claiming that his Presidency has re-established American leadership in economics and the global Green New Deal (his purpose in rejoining the Paris Climate Agreement), Biden wrote: "So, when I meet with Vladimir Putin in Geneva, it will be after high-level discussions with friends, partners and allies who see the world through the same lens as the United States, and with whom we have renewed our connections and shared purpose. We are standing united to address Russia’s challenges to European security, starting with its aggression in Ukraine, and there will be no doubt about the resolve of the United States to defend our democratic values, which we cannot separate from our interests. “In my phone calls with President Putin, I have been clear and direct,” the President went on. The United States does not seek conflict. We want a stable and predictable relationship where we can work with Russia on issues like strategic stability and arms control…. “At the same time, I have also imposed meaningful consequences for behaviors that violate U.S. sovereignty, including interference in our democratic elections. And President Putin knows that I will not hesitate to respond to future harmful activities. When we meet, I will again underscore the commitment of the United States, Europe and like-minded democracies to stand up for human rights and dignity.” This goal is dangerous to try and impossible to achieve. The trans-Atlantic financial system is wracked with unemployment on a large scale, inflating rapidly and threatening to collapse. The United States and European governments have not adopted any major “Marshall Plan” of infrastructural rebuilding to recover from the pandemic, have lost leadership in energy sciences and the dynamics of space exploration, and in fact have not created any productive employment at all, simply handing out relief funds generated by great volumes of new government debt. The financial system centered in the City of London and Wall Street banking giants will blow up—if these giants are not broken up in time—rather than “supporting” such aggressive stances to Russia and China. There is, in fact, only one mission Biden could take to these summits with other major powers, which would serve to advance “human rights and dignity,” including the human right to life and health and the dignity of a productive contribution to the future of the human race. That mission is the building of a modern system of healthcare—hospitals, clinics, trained medical staff—and public health monitoring in every nation in the world. The last year has shown that almost no nation has a modern healthcare system equal to a serious pandemic, and that definitely includes the nation Joe Biden now represents. Since such a mission also requires the building of other kinds of new, high-technology infrastructure in developing nations worldwide—such as power and clean water facilities and new housing—it can only be carried out through cooperation not only with European “allies,” but with Russia and with China as well as other Asian technological powers. Though very unlikely to come from this President at these June summits, it is the only mission any president could achieve.

No political leader or force in the United States or Europe is any longer challenging the biggest banks in the world, which have been unbelievably enriched during this pandemic by the central banks, while millions have died and hundreds of millions have lost their work and their subsistence. President Trump called their CEOs “Wall Street geniuses.” The European Union has the likes of Morgan and BlackRock plan its alleged “recovery programs.” The World Economic Forum club of finance billionaires, who gather with the British royals at Davos, have put themselves in charge of the supposedly all-important global “Green New Deal” and have been seizing control of government spending policies from governments. In the U.S. Congress, the erstwhile anti-megabank champions like Sen. Elizabeth Warren no longer dare to mention the Glass-Steagall principle of bank separation when the biggest banksters sit in hearings before them.“At our upcoming conference it is very, very urgent that we resume the fight for Glass-Steagall Act. There are clear signs of a hyperinflationary blowout,” declared Schiller Institute President Helga Zepp-LaRouche today in discussion with activists all over the United States and Canada. It is those banks, bulked up to incredible size by the Federal Reserve during this economic and human crisis, who are driving that hyperinflation now threatening us. The four largest U.S. banks—JPMorgan Chase, Bank of America, Wells Fargo, Citigroup—now have half of all deposits in the banking system: $7.5 trillion of $15 trillion—but have made only $4 trillion in loans! The seven biggest have three-quarters of all the assets, $13 trillion out of $17.5 trillion. These are giant engines of speculation. Since 1999 when Glass-Steagall was eliminated they can speculate on anything from oil tankers to stock and bond indices; and their speculation with the Fed’s flood of money printing—while no productive employment or investments are created—is driving the rising tide of inflation. The worst danger is the power these banks now wield, above all in imposing the global technological great leap backward of the Green New Deal. It will send advanced economies into chaos and subject developing countries to genocidal population reduction by denying electric power, mechanized agriculture, modern medical delivery. But it promises a huge new bubble of “green finance” to those banks by the looting power of high energy prices and carbon taxes. We already have seen BlackRock and associated Wall Street and City of London investment firms forcing the shutdown of coal and oil power, from the United States to South Africa to the Philippines, by cutting off investment. Only today another consortium of six of the biggest global banks combined to force “decarbonization” on the steel industry. The OECD’s think-tank on “green transformations” projects world steel production to drop by more than half over this century. Helga Zepp-LaRouche has named the only sane response. These giant banks must be thoroughly broken up, both to choke off the fuel for the engines of speculation and to break their immense political power. How can we allow new classes of deca-billionaires to accumulate hundreds of thousands of times more wealth than working homeowners, and millions of times more than the couple of billion people in the world who have no regular work or healthcare after a year of pandemic? Glass-Steagall must be brought back, only one of what Lyndon LaRouche called the “Four new Laws To Save the Nation” when he laid them down on June 8, 2014. National banks for productive credit are necessary in every country; and the productivity investments of that credit should be paced by science-driver programs of space exploration and fusion power/plasma technology development. The Schiller Institute’s June 26-27 international conference, featuring experts on both economic and physical sciences, will be a turning point in getting the world back to economic development.

The global financial elite have only a shrinking time-frame in which to force all nations, and all of us, to stop resisting and accept their “Great Reset,” or “Green New Deal.” They are running out of time before a perhaps $100 trillion “everything bubble” of largely unpayable debts and derivatives exposures based on them, collapses or goes into a hyperinflationary explosion. It is that bubble they are trying to “roll over” by looting tens of trillions of dollars out of real industrial and agricultural production, household wealth and survival, and jamming it into a “green finance” bubble based on dolled-up throwback energy technologies.Just listen to a Washington Post editorial today, commenting on the truly insane haste to eliminate all new fossil fuel investments this year and “green everything” to zero-carbon, which is demanded in the big May 5 report of the International Energy Agency (IEA)—essentially the energy branch of the Davos World Economic Forum. “Others Say: Net-Zero Is Plausible. But It Won’t Be Easy” is the headline. Installing the world’s biggest solar farm every day through 2030. Building 200 massive “gigafactories” during the decade to turn out electric vehicles. Controlling everything people do and forcing them to change immediately how they build buildings, heat homes, produce goods, commute, etc. “Singular, unwavering focus from all governments,” doing little else. “Today, the data shows a looming mismatch between the world’s strengthened climate ambitions and the availability of critical minerals that are essential to realizing those climate ambitions,” it quotes the IEA’s executive director Fatih Birol. This is the desperation of imagining a new financial bubble immense enough to swallow up in oblivion and/or inflate away the tens of trillions of unpayable debt. It must involve unprecedented looting of human conditions and lives. So, they say, it demands “singular, unwavering focus from all governments.” Last week, G7 foreign and economic ministers said they agreed to this. The last time such private financial conglomerates bent government policy to their will and dramatically shifted all GDP and economic activity to their goals, it was the financial powers of fascism between the world wars, acting especially through their central banks. Representing these powers, Germany’s central banker Hjalmar Schacht forced a 20% GDP shift to armaments production in just two years, by printing money and taking over government spending. As that shift continued, inflation came with it until it led to world war. Here the IEA, the “Great Reset” financiers, are talking about a great technological leap backwards in all economic activity, forced again by central bank-led and -directed money-printing which has bypassed any and all historical scale in the past 18 months. This vast “green new deal” shift will cause loss of millions of lives in the developing countries until it leads to war against major powers—China and Russia—which resist the Malthusian policy. And imminently now, it faces a hyperinflationary collapse. The former European Central Bank chief economist Jürgen Stark said yesterday, treading very carefully, “I do not want to provoke a crash, but it cannot be ruled out.” The respected veteran American economist John Williams, an expert on the real statistics behind government stats, said in an interview, “I think we are eventually headed into a hyperinflationary economic collapse. It’s not that we haven’t been in an economic collapse already…. The Fed has been creating money at a pace that has never been seen before. You are basically up 75% (in money creation) year over year. This is unprecedented. Normally, it might be up 1% or 2% year over year. The exploding money supply will lead to inflation. I am not saying we are going to get to 75% inflation—yet. But you are getting up to the 4% or 5% range, and you are soon going to be seeing 10% range year over year…. The Fed has lost control of inflation.” So we must become members and leaders of that global anti-Malthusian resistance: With Russia and China as allies in this resistance; nationalize those central banks; break up the Wall Street and London banks; and stop the Green New Deal before it brings on hyperinflationary collapse.

The great building task for the industrialized and industrializing nations is clear. Building modern hospital and well-staffed healthcare systems in every nation on Earth will meet such an urgent need to preserve human life—one that cannot be met by any other attack on the pandemic—that it alone deserves the name of an infrastructure platform for the further progress of the human race. And only an agreement among the most technologically advanced and economically developed nations can launch such a global mission, which is no less ambitious than a Moon-Mars mission and necessarily involves the same beneficial effects of technological breakthroughs.If this task is taken up, as proposed by the Schiller Institute and Committee for the Coincidence of Opposites, 10 MW of new power will be needed to supply every set of hospitals with 1,000 beds, provide a lot of fresh water to them, heat and light the housing for their staff—hundreds of gigawatts of new power, and widely distributed throughout the developing nations in particular. World food production will effectively have to double since “food is health,” to quote Committee leader Dr. Joycelyn Elders. Approximations of Tennessee Valley Authority-scale development projects will evolve from the projects undertaken for the best of disease monitoring, testing and above all modern treatment capacities. A new nuclear technology platform is waiting to be put in factory production to supply this huge project: small modular nuclear reactors. NuScale, the only company with a prototype approved by regulators thus far, is being offered the cooperation in production it needs by the Canadian firm Prodigy Clean Energy, while other Canadian companies and provinces develop their own small modular reactor (SMR) projects. Prodigy intends to build SMR marine power stations in shipyards. The Danish company Seaborg Technologies plans to fit ships with small nuclear reactors, to send power to countries across the developing sector, and believes it can start providing that power by 2025, according to Neutron Bytes blog May 14. This is a 100 MW molten salt-cooled reactor. NuScale’s target for 60 MW operating reactor modules is 2026. Russia is already capable of producing small floating nuclear reactors. All the other target dates can be brought forward as soon as the technologically leading nations—China, the United States, Russia in particular—agree to jointly generate credit for the modern health systems to care for pandemic victims. Standing against this mission for humanity, is the new Malthusianism which wants to sacrifice human life to “the planet” and a myth that human science and technology are impotent and destructive. As made clear already in 2019 in an article in the medical journal The Lancet by the Harvard T.H. Chan School of Public Health, 5 billion people who don’t have modern healthcare can’t have it because “if we do it in a model that has been developed in rich countries, it will break the climate—and we can’t afford that.” Nor are we, say the Green New Dealers, permitted to double world food production to cope with widespread food insecurity and famine—and food is health. According to the investors’ group FAIRR, “The oil in the ground was being mispriced. It doesn’t have value. It’s obsolete, and therefore it’s stranded. The same is going to happen for agriculture and animal agriculture.” The same Green New Dealers nonetheless think we should scour the Earth for vast, now unknown supplies of rare and strategic minerals and metals, in order to build billions of completely unneeded electric vehicles over the next three years—and they call their charging stations “infrastructure”! Scrapping the Green New Deal, we can build a real new infrastructure platform for the world’s people and the economies of nations, as the Schiller Institute proposes to the Global Health Conference in Rome this week.

The President of Bolivia stated on May 15 that only a global common effort can effectively fight the COVID-19 pandemic. His statement indicates what most national leaders must recognize: that international collaboration between developed nations, with the express aim of preventing mass death in the developing nations is urgently necessary. But limited as President Arce’s declaration is essentially to a global vaccination effort, it leaves the only solution to the ongoing waves of pandemic deaths still not mentioned, let alone launched. That is the arduous project of building, as rapidly as humanly possible, a modern system of hospitals, clinics, and trained public health workforces in every nation on Earth. The vast majority of nations now don’t have such a modern health system and are devastated, both in human lives and economic destruction, by this pandemic.The Schiller Institute’s Committee for the Coincidence of Oppositions, initiated in 2020 by Helga Zepp-LaRouche and former U.S. Surgeon-General Dr. Joycelyn Elders, urges and demands this project be launched now, and that the Global Health Summit in Rome May 21 discuss it and call for it. Such an undertaking must begin with a summit of major powers, such as the UN Security Council P5 heads of state and government summit repeatedly proposed by Russian President Putin. We must “stop the next pandemic,” yes, but the “next pandemic” is COVID2021, still spreading out its wave of deaths, and COVID2022. Nations with advanced disease monitoring and treatment capabilities and workforces can save their populations. Consider: The United States in the very serious 1957 influenza pandemic took no unusual mitigation measures, not even extensive vaccination—yet had only half the number of deaths per population as the rest of the world at that time. Why? Because it had built up its then-modern hospital/clinic system to 6.5 beds per 1,000 population all over the country. Today it has shut them down, and has only 2.7 beds/1,000 people. Why is the necessity to build hospitals and labs, train healthcare workforces, recruit youth, train public health monitors in every country not being discussed? Decades of neglect have driven the very idea out of public discussion of the pandemic. The Committee for the Coincidence of Opposites is determined to reverse this. Helga Zepp-LaRouche said on May 15: "We need a huge effort, in as many countries as possible, to organize to be published our Committee’s ‘Global Health Security’ statement. In Asia, Africa, Ibero-America, they know that our program is what they need. We should organize a steamroller to get massive circulation in publications, in blogs, through social media, etc. “We should have a team of people from the Task Force this week doing nothing but brainstorming how to get the statement published—and immediately organizing to do so. We should do this in all countries where we have members. We should contact former Health Ministers, and former members of governments generally, and many who have made positive statements about our proposals and initiatives. “We have a major problem internationally,” she said "a mismatch between the quality of our conferences and much of our published material, and, on the other hand, the numbers of people who are really listening and watching…. We have top speakers from governments and institutions who are grateful to speak on our platform, giving them access and visibility that is crucial, and not otherwise available. We open up potentials as on the Rogue Money platform for the [May 8 Schiller Institute] Conference. But the outreach is not adequate. “We need the biggest mobilization with our world health system statement. Anyone who has been open to our ideas…. We should get 20-50 publications of the statement in the coming days.”

The U.S.-NATO prerogative to impose a “rules-based international system,” constantly repeated by the Biden Administration and British “imperial” mouthpieces, now consists of ordering all nations to join the United States and Europe in giving up fossil fuel energy, high-technology farming and livestock raising, high energy industrial technology, whatever the consequences to their peoples. Moreover they must join in bludgeoning Russia and China until those technological great powers agree to do the same. If the Commander of United States Strategic Command, Adm.Charles Richard, has just said he judges “thermonuclear war” to be a strong possibility in this situation, NATO elites think that’s a chance worth taking to force their adversaries to “decarbonize” and regress in industry and power.Canada is now attacked by U.S. officials like a strategic adversary, for having oil pipelines under the Mackinac Strait. Germany is slammed with sanctions until it abandons a gas pipeline from Russia. New Zealand is to be expelled from the “Five Eyes” intelligence partnership for not declaring China its enemy. Eastern European government leaders must bow to NATO/British geopolitical confrontation with Russia or have “regime-change” thrust upon them. The grim reality of this “Great Reset”—for this is the “Great Reset’s actual character—is that NATO will pile sanctions and threats and dare Russia and China to superpower war, war unsurvivable for humanity, rather than allow them to continue with technological and industrial development the trans-Atlantic nations are abandoning themselves. And China and Russia will not accept ”zero carbon" regression. For the driving force of this menace, however, look to the City of London and Wall Street, the biggest financial giants and central banks—and there you find the great weakness of the Great Reset. These financial forces are staring at a global financial crash of a corporate bond debt and equity finance bubble in the tens of trillions of dollars, and additional tens of trillions of derivatives exposure. They just passed through a grim milestone on the way to that crash, with the collapse of a very large hedge fund called Archegos causing huge losses at big European banks; they know they’re within a year or so of the end. Therefore London and Wall Street finance feel the urgent need to escape the crash with a new, gigantic bubble of “green finance”—wind turbine parks, solar farms, carbon offsets and credits for speculation, farmers “carbon farming,” carbon derivatives…. And you are supposed to pay for it. If you won’t, their weakness is exposed. If enough citizens and organizations refuse, demand industrial development for all nations instead, the Green New Deal can be crushed. But many citizens and leaders in the United States and Europe no longer have the morality to seek industrial development for developing nations, for Africa and Southwest Asia. They are indifferent, or put on indifference, to the famine threatening 300 million people this year in South Asia and Africa, triggered by the pandemic. Indifferent to peoples whose public health and hospital systems have crumbled under the waves of COVID-19, because their nations lack the modern healthcare capacities every nation must have and must be provided with. They are self-absorbed enough to ignore worsening social conflict and even, incredibly, the growing threat of global, unsurvivable war. This must change; it will take a moral renaissance to defeat the pandemic and the “Great Reset” the pandemic is supposed to compel us to. This is the purpose of the series of international conferences of the Schiller Institute over the last year. The next conference is May 8, a few days away: “The Moral Collapse of the Trans-Atlantic World Cries Out for a New Paradigm.” See the panels and register here.

The IMF and the World Bank, in a new report issued March 26 on their planned “lending” activities, have taken the people-killing effects of the global “Green New Deal” (or “Great Reset”) to an even nastier level. The report is called “World Bank/IMF Support for Debt Relief under the Common Framework and Beyond” and its first paragraph says, “We need to make sure we do not lose sight of green and inclusive reforms because of … a looming debt crisis.” It makes clear that what debt suspension has been granted to developing countries during the pandemic economic collapse, will now depend on “debt for climate swaps,” where they have to trade closing their fossil fuel power plants, for example, in exchange for the debt relief. The big central banks and Wall Street giants have already been muscling private investment internationally and nationally to get out of coal and oil power and heating, carbon-based industry, and mechanized agriculture and go exclusively into primitive “green” technologies. This is supposed to meet “zero carbon” goals for economies and “save the planet.” Now, the IMF and World Bank are going to grab government-to-government lending to developing nations and push it toward the same “zero carbon” goal. They’re going to put “green” conditionalities on all the lending and debt relief those developing countries can get, and make them “swap” debt relief or credit for shutdowns of coal plants that many developing nations depend on for electric power and heat, for chemical fertilizer use that could upgrade their farm yields, and more. These global financial agencies say to the government lenders of G20 countries, “allow continued access to concessional resources [low interest loans or debt relief] to finance priorities for green, resilient, and inclusive development,” and that’s all These nations are buried in debt after more than a year of pandemic deaths, COVID lockdowns, border closures, trade breakdowns, crop failures. The World Bank itself thinks 150 million more people have fallen into extreme poverty in 2020-21. The real “swap” here is: You reduce your country’s population; the IMF will reduce your debt. This directly attacks if we understand it—the United States, Europe, the other major technological powers like China, Russia, India, Japan. Capital goods exports to these developing nations, for infrastructure development projects in these developing countries, are where the new, productive employment will come from in a United States with 25 million people still on unemployment benefits or dropped out of the workforce. Capital goods exports like modern hospital and clinic systems to fight the pandemic and vaccinate; electric power and freshwater supplies for them; machinery and inputs for productive family farming. Infrastructure projects like water management and flood control projects in river valleys, electrified rail connectivity, modern ports. This is where real recovery of productive employment and productivity will come from, in the leading nations which shelve the IMF and World Bank—and the Federal Reserve for that matter—and create a new credit system for the purpose. Such a recovery will never come from hyperinflationary money printing in the many trillions and multi trillion-dollar support for the big Wall Street and City of London-centered banks, even if the Fed and ECB keep up that printing until it explodes. The policy which stands over us as the deadly enemy of productive development and recovery, is the Green New Deal. There are poles of resistance to it developing, a “worldwide anti-Malthusian resistance,” as when India last week said “No” to Joe Biden’s climate ambassador John Kerry, who came to demand a “zero carbon pledge” from them. EIR News Service and The LaRouche Organization (TLO) are working to organize that anti-Malthusian resistance, and TLO’s mass-circulation pamphlet exposing the Green New Deal as “The Great Leap Backward” goes into second printing next week. Any group or individual that wants to stand up for the scientific creativity and technological progress of the human race, will want to use it.

President Biden’s “climate ambassador” John Kerry will take his pitch for “zero carbon” to China this week, after a visit to India last week which would thankfully have to be called a failure. India’s Foreign Minister Subrahmanyam Jaishankar and Energy Minister Raj Kumar Singh said Kerry could have his general global carbon reduction goal but India would not let any specific “zero carbon” demand be applied to India or any other developing country; those nations need development and industrialization. As politely as they may have put it to him, Kerry knew he didn’t get what Biden or Prince Charles and the central bankers wanted, and India has made itself one flagbearer for a worldwide anti-Malthusian resistance.Kerry is selling Malthusian poison, telling nations that the United States, U.K. (sponsoring the COP26 “climate summit” in November) and the IMF and World Bank and big central banks want them to remove carbon and carbon dioxide-forming processes from their economies by a date certain. This is insanity, dooming industry, electric power, and any agriculture beyond dirt farming. Life is a carbon dioxide-forming and -consuming process! This is nothing other than a dream of the oligarchical 1% to get rid of huge numbers of the 99%. Now Kerry will peddle his poison in an intended meeting with his Chinese special envoy for climate change Xie Zhenhua—if the visit isn’t called off due to extreme tensions over Taiwan. He is trying to pitch “cooperation on climate change” as a pressure valve in Biden’s general confrontation posture against China; and get China to attend Biden’s planned “climate summit” on April 22-23, at which a huge failure is much to be hoped for and organized for. “We must cooperate with China on climate,” Kerry told India Today on April 9. The Foreign Ministry said only that China “is looking at it” referring to the summit invitation. But Malthusianism is no offer to moderate a war confrontation; it is the same thing as the war confrontation, which is now at an intense, “pre-war” crisis point in Europe where Biden’s administration is trying to provoke Ukraine into a war with Russia with the threat of world war all over it. Kerry has not, so far. If the United States and NATO nations lock themselves into a Malthusian “Green New Deal” policy which is deadly destructive to their own economies, they will mark any major power which resists such deindustrialization and economic regression as an increasingly dangerous adversary to be brought down. Just so was Britain determined to bring down Germany by drawing it into World War I. Notice that Kerry hasn’t even got Russia on his itinerary. Biden sent Putin a pro-forma invite to the April 22-23 Malthusians’ summit, but is trying to force Russia and Ukraine into a conflict where NATO, he thinks, will prevail. But it also works the other way. If Russia, India, China become seen as poles of a global anti-Malthusian resistance to the suicidal Green New Deal; if American resistance is being organized as it is, by The LaRouche Organization; then the refusal of any of these major nations to go along with Kerry’s poison will become a major reason for elected officials in the United States and Europe to resist unilaterial economic suicide. Support for confrontation with Russia and China will decline if they refuse the Green New Deal, war become less likely despite the Biden Administration, and real economic recovery will be possible by international cooperation. The LaRouche Organization’s mass pamphlet exposing “The Great Leap Backward,” soon to go to a second printing, is the electric spark for that global anti-Malthusian resistance in the United States.

Going into its annual Spring meeting the IMF has spread worldwide disinformation by claiming the United States is the “world economic engine for 2021,” set to grow 6.5% in GDP, import the whole world’s goods, and so on. What kind of an “economic engine” does not export capital goods to industrialize the developing countries; makes no investment in building healthcare and hospital systems when they are being overwhelmed by pandemic in scores of nations; refuses even to export from its overproduction of effective vaccines? And look at what the IMF itself forecasts will happen if such a “U.S. boom” does occur, and causes inflation and higher long-term interest rates—a dangerous flow of capital out of the most affected developing nations like India and Brazil and, explosively, into the well-named “everything bubble” of American corporate and household debt!The last 18 months’ frantic liquidity-pumping by the Federal Reserve and other major central banks, combined for the past year with hyperinflationary government borrowing for non-productive “COVID relief” programs, has only made wealth concentration greater and poverty worse even in the United States and European nations. The IMF forecasts it: Over the two years 2020-21, average incomes in developing countries will have dropped by 20%, and in the “advanced countries” by 11%. That’s a booming recovery? Poverty in the United States struck nearly 10 million more people in 2020, and is forecast to rise by another 5 million people in 2021. That’s a “world economic engine”? What has to be done instead of this hyperinflationary money-printing policy, fairly cries out aloud to us. Vaccine production must be accelerated by new licensing and exported wherever necessary to developing nations where the COVID pandemic with its deadly variants is still spreading and vaccination is still negligible—this is necessary for every people’s survival. Well over 100 million people can gain new, productive employment in the United States and around the world in just the next year or two building modern hospital and healthcare systems, staffing them, and constructing the power and water supplies for them. Scores of nations’ hospital systems are now being overwhelmed by the pandemic simultaneously. Food production has to be stimulated and doubled where it can be, to stop mass starvation in nations where the pandemic has collapsed it. And this is only part of a process of creating “Tennessee Valley Authority” economic development in watersheds worldwide. The most challenging task of all calls for political action: Stop and reverse the so-called “Green New Deal” or “Great Reset,” which is sacrificing human and economic productivity, and human lives, supposedly to “save the planet” from a beneficial component of all living systems, carbon. We now have the example of India, which has stood up for developing nations against the “zero carbon” dogma which for them will bring mass death, for “advanced” countries will bring economic chaos and decline. Two Indian ministers in the past week have said “No” to the “net zero carbon” demands of the City of London and Wall Street “green finance” banks and the central banks’ carbon disclosure committees. Indian Energy Minister Raj Kumar Singh told the International Energy Agency meeting on March 31, including Joe Biden’s climate czar, John Kerry, “You have 800 million people who don’t have access to electricity. You can’t say that they have to go to net zero. They have the right to develop. They want fossil fuels for power and they must use them.” And nuclear power! The Green Deal, the Great Reset so-called, has to be crushed. A real worldwide economic recovery—based on the starting principle of ending the loss of human life to pandemic disease and famine—will produce hundreds of millions of new jobs using power-dense and advanced technologies. The LaRouche movement made it clear last May how this could be done. Now it is holding a series of growing international conferences to organize that solution. Please join them.

The renamed “Biden-Harris Administration” will next call for passage of a $1.5 trillion “green infrastructure and jobs” bill, of which $400 billion will fund vast new wind farms and solar parks, on land and on sea; and the rest presumably miscellaneous transportation infrastructure. And then—another, immediate $1.5 trillion bill for support of families, etc.Because the wind and solar installations will continue to crowd out, and facilitate the shutdown of, superior, more power-dense and more reliable electric power infrastructure, they are not “new infrastructure” as far as the U.S. physical economy is concerned; they are infrastructure destruction. This is the “Green New Deal,” although Biden won’t say the words yet. If not stopped and reversed it will destroy the United States’ remaining industrial economy in the name of Malthusian reduction of human numbers to “save the planet.” Every industrial and farming process forming CO₂ will be targeted and cut. The LaRouche Organization and the Schiller Institute are fighting this Green New Deal, in the United States and around the world. The Schiller Institute with its conferences and publications is rallying against it especially in developing countries, where “green finance” out of the City of London and Wall Street is moving to shut down coal and stop nuclear power in power-short nations. This will compound the pandemic disease and economic collapse of the past year and cause millions of people to die. The LaRouche Organization’s pamphlet for mass circulation, “The Great Leap Backward: LaRouche Crushes the ‘Green New Deal’ Fraud,” had its first run yesterday. It is timed to expose and stop this “new green way of infrastructure” as Sen. Chuck Schumer called the $1.5 trillion anti-infrastructure package. Get copies from The LaRouche Organization and mobilize with them. The United States should join against this Malthusian policy with the other high-technology major powers, China and Russia, and cooperate in power-dense nuclear and fusion technologies, space exploration, and capital exports for South American, African, Asian development. This “Green New Deal” bill is only part of a spree of hyperinflationary money printing which makes Germany’s central bank printing in the early 1920s pale by comparison. If Biden succeeds in passing these next two “stimulus” bills at $1.5 trillion each, the money printing since March 2020 will reach $9 trillion borrowed against taxes by the Treasury, plus $5 trillion added to bank reserves by the Federal Reserve, in less than 18 months. Large volumes of the Treasury securities issued are bought by primary dealer megabanks and sold quickly to the Federal Reserve—along with other kinds of securities—which credits electronic excess reserves to those banks’ accounts at the Fed. The big banks use those excess reserves to do additional money printing of their own, by buying and trading securities and by making loans. All this while avoiding any investment in raising the productivity of work in the economy, avoiding any investment in new technology, or actually more productive infrastructure. In the past 11 months the U.S. banking system’s outstanding loans and leases to businesses and households have decreased, while their securities holdings and deposits have risen by $4 trillion and $3 trillion, respectively—according to Federal Reserve data! And the government spending has been completely non-productive, concentrated on raising household spending only. This hyperinflation policy has two purposes: To inflate away large amounts of the now-$280 trillion in global debt, which has grown by $75 trillion under the central banks’ hands since the 2008 crash; and to pour huge amounts of new currency, including by government spending and taxing, into wind and solar energy companies and makers of “zero carbon” substitutes for agriculture and all the most important productive branches of industry. If this hyper-speculation is combined with a Green New Deal “great leap backward” in technologies of industry, farming and ranching, the United States economy will be ruined. Only its military power will remain, and its confrontation with China and Russia will turn to global war. That must be prevented. The LaRouche Organization’s mass pamphlets and the Schiller Institute’s series of international conferences are the focal points to prevent it, and achieve a new paradigm of cooperation for economic development instead.

The Schiller Institute’s two-day international conference just concluded March 21 achieved a number of breakthroughs which no other organization is capable of having done, which are extraordinarily important in this crisis of pandemic, spreading hunger and military and social conflict. Two were most obvious. High-ranking representatives of Russia and China gave important presentations on the second, “strategic” panel of the conference, on a weekend in which tensions among the three superpowers spiked up, with the Russian Ambassador recalled from Washington and the public confrontation U.S.-China meeting of top officials in Alaska. These representatives understand that the Schiller Institute’s activists in the United States and Europe who organized the meeting are a unique cultural and political force for peace and development. And on the third panel Sunday morning, a decorated U.S. Marine combat veteran, former Virginia State Senator and conservative Republican, Col. Richard Black (ret.), was bold and brave enough to denounce the war policies of the United States and NATO in Southwest Asia, especially Syria, and demand, “This has to stop!”On that third panel representatives of the popular governments of Yemen, Syria and Iraq were able to speak directly to Americans, Europeans and to young people in Ibero-America—something which was a first for numerous of the several thousand people who watched the conference online. A way was presented in detail—the North American Belt and Road Initiative—for the United States and China to cooperate for the economic advantage of both, in aiding high-technology development of the nations of Mexico, Central and South America. Two of this unique conference’s sessions, taken together, completely exposed and debunked the so-called Green New Deal as both scientifically fraudulent and economically destructive, in a way comprehensible to professionals and laymen alike. Princeton physicist Dr. William Happer, formerly on the National Security Council in 2018-19, discredited the case against carbon dioxide itself as a substance supposedly dangerous to the planet. And Richard Freeman of EIR showed the British Royal Family origin and steering of the Green New Deal as a torpedo aimed to destroy industrial civilization. Perhaps most important, the Committee on the Coincidence of Oppositions came forward at this conference, a collaboration of leading medical professionals from minority communities, and American farm leaders, and veteran military officers, dedicated to seeing modern healthcare systems in every nation to fight the pandemic, to training youth Health Corps, and to doubling food production to fight the famine that is spreading. This Committee, the idea of Helga Zepp-LaRouche and former U.S. Surgeon-General Joycelyn Elders, is itself unique in the social force “of opposites” it is creating. The same conference was able, in its opening session devoted to “a new cultural Renaissance,” to convey the necessity of Classical poetry and music to political leaders and citizens who are going to solve these problems. The basic solutions to this crisis of economic collapse and debt explosion remain as Lyndon and Helga LaRouche have said: Glass-Steagall breakup of the megabanks; a “New Bretton Woods” international credit system; national bank credit institutions in every nation, crash programs at the space and fusion frontiers. But as Helga LaRouche pointed out as the conference ended, “Populations have become numbed” by misfortune, prejudice, disease, social conflict and a degenerated popular culture—all of these issues have also to be taken on, and the grave danger of the Great Reset and Green New Deal fully understood. Next we will publish a mass-circulation pamphlet form of EIR’s Special Report, “The Great Leap Backward: LaRouche Exposes the Green New Deal.” Conferences on these subjects will continue. How quickly, may depend on you. Find the times to watch this one in full, at the link here. The Schiller Institute does not have enough activist forces to hold the range of such events which it could command. We need those who have seen this conference, to join with Helga LaRouche.

The Texas Senate may pass a bill punishing investment funds for exiting fossil fuel investments, to counter the Wall Street megabanks and asset managers led by BlackRock which are ordering all funds to boycott oil and gas. The original report in the Texas Tribune on the bill said it would require continued oil and gas investment from some quite large funds, including the $46 billion Texas Permanent School Fund and another $62 billion in the Texas Teacher Retirement System and the Texas Municipal Retirement System. Lt. Gov. Dan Patrick told OilPrice.com the bill should pass easily.If the bill becomes legislation, these public-sector funds and others will be required to exit companies “refusing to deal with, terminating business activities with, or otherwise taking any action that is intended to penalize, inflict economic harm on, or limit commercial relations with a company” because this company is involved in oil exploration and production. Perhaps more important, the bill would bar suits against those state and municipal funds as a result of their investments.

A social media ban has been clamped down on criticisms of the Nov. 3, 2020 “perfect” U.S. general election. The next target is emerging: stating the wrong conclusions about “climate” and energy technologies. A Feb. 25 article in the Washington Post amplified an attempt by the German Marshall Fund in Washington to call out for censorship, any statements that the failure of frozen-up wind turbines in Texas triggered the calamitous loss of power and heat by 10 million people and 40 deaths in the state.The Fund hooked up with the Post to identify, in particular, Fox News’ Feb. 17 interview of Texas Gov. Greg Abbott, who said that the failure of nearly all the wind power in the state caused the blackouts to begin. Like other elected officials in the parts of the country most affected by the polar vortex, Abbott called for more coal-fired power plants. This, the think-tank found, was widely followed and approved on Facebook and YouTube. The paper complained: “The recent explosion of falsehoods related to the Texas power outages highlights how climate science and related topics like renewable energy are a ripe target for online propaganda. Tech companies have not been aggressive in stepping up their defenses against climate disinformation, despite increasing public pressure from environmental activists to do more.” The Marshall Fund speech police and the Post bluntly advertised their completely political motives front and center: “Researchers [from the think-tank] are especially concerned about the wind turbine claims because they weren’t completely fabricated.[!] Instead, they were manipulated to serve the political goal of undermining Democrats’ efforts to fund renewable energy sources.[!!] ‘This kind of manipulative content can be even more pernicious because it maintains an element of truth,’ wrote [Adrienne] Goldstein and Eli Weiner” of the Fund. Sen. Elizabeth Warren (D-MA) was quoted threatening Facebook for allowing such statements as Abbott’s: “The future of our planet is at stake, and there should be no company too big, too powerful and too opaque to be held accountable for its role in the climate crisis. Facebook is no exception.” In an astonishing slip, the Washington Post published a chart two days later—“Source, Energy Information Administration”—which showed, day by day, what happened to electricity generation in Texas from Feb. 8-20. They were exactly the facts the paper had just demanded be censored on social media as “climate disinformation” when uttered by elected officials or others. Those facts were also presented in the Feb. 23 EIR Alert Service and are in the March 5 EIR. The EIA chart, “Power Generation on the Electric Reliability Council of Texas Grid,” shows nuclear and coal-fired power (GW-hours/day) essentially constant for the entire period; wind power dropping away to near zero from late on Feb. 14th through the 15th—when the blackouts began—and remaining there until the 17th; gas power ramping up on the 14th and part of the 15th to replace the missing wind power, then dropping sharply through the 17th. The disappearance of wind turbine power triggered the Texas disaster; no other conclusion is possible from this chart, or from the one like it (from a private data analysis firm) described in the Feb. 23 EIR Daily Alert. Will we, then, soon learn that we cannot repeat these facts or present anyone else stating them, without losing access to social media communication? There is already a comprehensive ban on any questioning of the conduct or results of the 2020 general election. Will this be extended to reasoned debate on energy and other carbon-based technologies—the very basis of modern agro-industrial economy and civilization—so that opponents of the Green New Deal are banned from public speech on that subject as well? No, the entire double standard of the media, social media, and some governments, which accuse their political opponents of doing precisely what they themselves are doing, must be exposed and reversed. At issue is not only stopping the “Great Reset” or “Green Deal”; the vilification of Russia and China and the threat of global war which comes with it are based on this “double-speak.” Will the words “Belt and Road Initiative” be banned from British and U.S. media? The Schiller Institute will take this on as a major target of its full-day conference March 20, otherwise presenting cooperation for development among nations as the unique road to peace.