For December 9, 2021
by Patrick Ruckert
www.californiadroughtupdate.org/20211209-California-Water-and-Infrastructure-Report.pdf?_t=1639170351
Wisely, FDR knew he had to act quickly to take down the “money changers in the temple.” On the eve of his Inauguration, President Roosevelt wrote to an acquaintance, “There will be no one in (the Cabinet) who knows his way to 23 Wall St (the House of Morgan- part of the British Empire’s infiltration of US finance). No one who is linked in any way with the power or with the international bankers.” Think about that! The President of the United States had declared war on America’s historic enemy, the financial empire of Wall Street and the City of London. He immediately moved with legislation and banking reorganization while public hearings were held and publicized. The Pecora hearings, which began in 1932, gave the American people a ring side seat to watch as the Wall Street predators, such as J.P. Morgan, were made to account for their financial crimes against the American people. Some of these criminals went to jail. This won the popular support for Roosevelt’s financial reorganization legislation, most importantly the Glass-Steagall Act of 1933.
From our Feature this week: “American System in Action: The TVA.“
A Note to Readers
Our Feature this week is an article by my colleague at LaRouche PAC, Marsha Bowen, which tells the story of one of the greatest infrastructure projects in the world: The Tennessee Valley Authority. That project, in a decade, transformed seven southern U.S. states from being the poorest and most disease-ridden states in the U.S. to having a higher personal income than the U.S. average. The transformation was the taming of the Tennessee River and its tributaries with multiple dams and other projects.
The U.S. Drought Monitor makes clear the drought in the southwestern states continues, and forecasts generally conclude that the winter is most likely to relieve it.
Flash: A major atmospheric river is to hit the west coast this weekend and may provide up to 2-4 inches of rain to most of California. Plus some snow to the Sierras. I include a weather report following the U.S. Drought Monitor. Hopefully, it will not be the last such storm this winter.
A couple of articles discuss the general background of the California water management system, the present crisis and some more of the consequences. One being that mandatory rationing will be imposed on the cities of the state, with fines for violators.
The Colorado River and Lake Mead continue their descent to levels that could soon require the Bureau of Reclamation to declare further cuts to the provision of water, to especially agriculture. One article discusses the agreement between California, Nevada and Arizona to voluntarily cut their withdrawals from Lake Mead by 500,000 acre feet per year for the next five years. The author of the article points out that that may not be enough.
I include a few paragraphs and a link to an article by Michael Shellenberger, “The Real Threat to Banks Isn’t From Climate Change. It’s From Bankers,” which takes on the financial giants who drive the hysterical campaign toshut down all fossil fuel production and use.
The report concludes with the Feature, as discussed above.
