by Patrick Ruckert
A Note to Readers
Beginning on page 9, is our Feature this week: “Amber Waves of Grain — To Feed the Nation; You Need a Third National Bank.” This lengthy article is from my colleague Brian Lantz and addresses not only the immediate food, water and energy crises the nation now faces, but it does highlight the necessary economic and financial policies required to begin to solve them.
This is an early paragraph from the article:
“All of the measures presented here start conceptually with the indispensable creation of a Third National Bank and its national credit directed to the nation’s productive enterprises. Only national banking, replacing the bankrupt Federal Reserve central banking system, can organize the required flow of productive credits into the real economy, to grow our population and the productivity of our nation. This is particularly true for modern, capital, and technology intensive agriculture. In addition, vigorous anti-trust enforcement must be undertaken against the agricultural cartels which are invariably tied to the speculative practices of the City of London and Wall Street. They now dictate both farm prices and farm products.”
Otherwise, our report this week is brief, since not much has changed. The drought of the Western States continue to both intensify and move further eastward into the mid-west.
California is now imposing more stringent conservation measures, as yesterday, June 1, the Metropolitan Water District of Southern California began enforcing serious mandatory measures on about six million people in southern California.
The proposed Sites Reservoir west of Sacramento survived an attempt to kill it in the State Assembly. Assembly member Adam Gray led that battle.
More warnings of electrical power shortages and blackouts during extreme hot days are repeated, with more reporters piling on.
Keeping the Diablo Canyon nuclear power plant open and on-line is becoming a real campaign, with new voices adding to the argument each week. This week, we have this article: “California needs to keep Diablo Canyon Power Plant running”
The report concludes with our Feature as discussed above.
