http://www.californiadroughtupdate.org/pdf/20180405-California-Water-and-Infrastructure-Report.pdf
“What if U.S. sentiment towards China could be changed now through a policy that settled the score – returned solid middle-class jobs to America…? What if such a policy would also reduce our treasury debt to China, replacing it with longer-term equity, also made a significant dent in our infrastructure deficit?….There is a fairly obvious exchange that aligns China’s needs to protect its reserves with America’s need to reduce its debt while renovating its infrastructure. China would over time redeem its holdings of U.S. debt into a more protected stake in U.S. infrastructure providing the crucial capital to rebuild its rival.”
William A. Mundell, a leading Republican activist and Trump supporter in California.
A Note To Readers
The quotation above demonstrates at least some of those aligned with President Trump are beginning to get on the right track on how to actually finance the rebuilding of the U.S. infrastructure. And what Mundell is suggesting can also lead the U.S. to join with China in its Belt and Road Initiative. Now that is a Win Win policy. A longer report on Mundel’s article can be found on page 11 of this report.
Along similar lines, Treasury Secretary Mnuchin said March 25 that the intention of tariffs on China was to trigger a negotiated agreement to lower China’s trade surplus with the United States, currently about $360 billion/year. As China’s Foreign Minister Li Keqiang and Ambassador Cui Tankai both responded, this requires raising total trade between the two countries: more American high-technology exports to China, and more production in the United States by Chinese industrial companies.
These in turn, said Mnuchin, could be driven by a high-technology infrastructure-building program on the part of the United States, in which China could invest. This is part of EIR Founding Editor Lyndon LaRouche’s “Four Laws” economic proposal.
And again upsetting the swamp he wishes to drain, the President on April 3 reminded everyone that he wants to pull all the U.S. troops out of Syria and stop wasting trillions on regime change wars, and “start rebuilding the nation.”
In this week’s report
The drought is back and it will not go away, despite some precipitation last week and coming up tonight and tomorrow.
While the snowpack and the reservoirs are in better shape than they were one month ago, the snowpack especially is still no where near the average for this time of the year. Several reports below give the details.
So, we have more and more forecasts (as you will see below) that the past few years of drought and declining snowpack are harbingers of the future to come. So what? The climate has always changed and will always be changing. The only important point is will we humans allow ourselves and our future be determined by the whims of nature, or will we use our creative power to discover more and more the fundamental principles of our universe and then shape that universe for the benefit of mankind?
To underline the above I include a couple of climate and geological items in this report.
The Oroville Dam update reports on the Department of Water Resources announcement that there is a Potential use of main spillway next week in expectation of the storm about to arrive.
The never ending and always changing story of the Delta tunnels now has the Metropolitan Water District has backing away from its recently announced plan to finance both delta tunnels and it will just finance a single tunnel.
Governor Jerry Brown and the environmentalists will never learn, that is true, but they also shall not define the future. So reports a section on California’s electricity supply and a breakthrough in fusion research.
A glance at the real state of the U.S. economy features reports on hungry university students and how much of the nation and its people are reflections of what is described as a third world nation.
The feature this week, “Apollo Mission on Earth: Transforming Our Relationship to the Physical World,” demonstrates how like the building of the Tennessee Valley Authority and the Grand Coulee Dam in the 1930s created a market for the massive amount of electricity produced by those projects, Henry Ford doubling the wages paid to the workers in his new assembly line production of automobiles created a market for those cars produced.
