“We are now experiencing the worst international health crisis of the past hundred years. This crisis is so extremely dangerous, because the coronavirus pandemic now coincides with the systemic global financial crisis that was already near explosion before the medical crisis broke out. The pandemic was merely the trigger. A solution exists—but only if western societies are prepared to replace all the axioms of the neoliberal model with an economic policy, which is not guided by monetarist considerations, i.e., to speculators’ profits, but guided instead by the absolute value of human life, the principles of science, and solidarity with the entire family of mankind.”
Helga Zepp-LaRouche
A Note To Readers
A day late with the report this week, but I think you will find much of interest in it.
Superseding, once again this week the nominal topic of these reports, the focus in on COVID-19, not as something disconnected from something more fundamental that the Corona virus is just an element of.
That larger something is that the entire system that has dominated much of our planet for the past 50 years is in a breakdown crisis. A collapse of the entire system is what is underway. The driving three elements of that breakdown are the COVID-19 pandemic, potentially threatening millions of lives; secondly, what the Corona virus has triggered, but not caused is the collapse of the speculative system of Wall Street and London– a collapse of so-called financial assets, which the trillions being poured into the banks and financial companies cannot stop, but only exacerbate; thirdly, the collapsed state of our infrastructure and health care system brings to the forefront just how insane the financial and economic policies of the nation have been for decades.
In other words, the test of any system must be how does it respond to a crisis? While we can hope that the U.S. and other nations can do what China has done in containing the epidemic, what we must really do is restore the American System of economics on the principles it was established by our first Treasury Secretary Alexander Hamilton. President Franklin Roosevelt got close to doing that, but unfortunately died in April, 1945 before he could consolidate it after the War.
President Trump. both during his 2016 campaign for the presidency and in statements early in his presidency, called for restoring Glass Steagall and the American System policies of Alexander Hamilton. Facing multiple coup attempts from London’s MI6, fully supported by the Democrat Party and the corrupt US media, Trump refrained from standing up to Wall Street to implement these policies. But now there is no choice but to act immediately, as Wall Street and the City of London have unleashed potentially unlimited printing of “helicopter money” to bail out the bankrupt financial system.
In this week’s report
We begin with the policy statement issued by Helga Zepp-LaRouche on really what must be done. That is followed by her statement on the absolute necessary action of closing down the financial markets now, at least for a limited amount of time, during which we delete the garbage like derivatives, while protecting real economy assets and pensions.
Always radical action like she proposed should have a precedent, and we do have one, what FDR did in his first 100 days as President.
Next we look at the “Urgent Physical-Economic Requirements for Defeating COVID-19.”
That is followed by some of the action being taken by President Trump and others. Specifically the president has invoked the Defense Production Act, giving him broad powers to commandeer if necessary the nation’s productive capacity to produce especially the necessary medical equipment and protective items necessary in this epidemic.
There should be no surprise expressed as we see politics turned on its head in this crisis. The president is finding common ground and unprecedented cooperation from the Democratic governors across the country, especially those of California and New York.
Leading the next to final section of this report is this item, making the point that it is not the Corona virus that is collapsing the markets, but the virus is only a trigger of a system that was ready to go, “The Neoliberal Economic/Financial System is Near Death, It’s Time to Bury it!” That is followed by a few more items on the same topic.
The report concludes with, “Xi Jinping Calls for Building a ‘Health Silk Road’ for the Whole World.”
So, as the late Lyndon LaRouche would say, “have fun.”
