To the Editor:
One of the clearest and wisest proposals to President Trump on how to succeed in his bold vision for rebuilding America's collapsed infrastructure, was published today on China's CGTN website. In an article titled "Make America Great Again - With Chinese Money," Dr. John Tong, a professor at the prestigious Beijing University of International Business and Economics, writes that Trump's $1.5 billion infrastructure plan is an excellent and necessary idea, but (as is being asked across the U.S. ) where is the money going to come from?
"I have a great idea," Dr. Tong writes. He notes that China has $3 trillion in reserves, mostly in U.S. Government debt. "This money can be readily used for Chinese investors to participate in America's infrastructure boom." He poses that "China's current account trade-surplus can be somehow transformed into a capital account stock, in the form of money invested in America as permanent equity shareholders, and more importantly permanent stakeholders of a stable and prosperous Sino-Us economic relationship.
The "somehow" in idea is well known to readers of this briefing: the concept of a new National Bank, or a National Infrastructure Bank, as proposed by Lyndon LaRouche as one of his "four aws." Leading Chinese economists and officials have shown great interest in the proposal, as a means of swapping their enormous U.S. debt holdings into equity in such a bank, thus bypassing those who are sabotaging Chinese investment in the U.S. on "security" grounds, while turning the debt into credit for rebuilding the United States. Alexander Hamilton would be proud!
This proposal needs to reach the ears of President Thump.
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Ron Wieczorek
Mount Vernon
