LETTER: Need a system to benefit all nations
To the Editor: Our 2018 mid-term elections occur at a critical point of change worldwide. There is a new system of solid economic growth spreading across Asia, and Africa.The Belt and Road Initiative (BRI) -- called the "New Silk Road" -- was ann...
To the Editor:
Our 2018 mid-term elections occur at a critical point of change worldwide.
There is a new system of solid economic growth spreading across Asia, and Africa.The Belt and Road Initiative (BRI) - called the "New Silk Road" - was announced in 2013 by China's President Xi Jinping; since then a system of infrastructure banks has come to support with credit, investment and trade.
President Trump's friendship approach with President Xi and Russian President Vladimir Putin puts us in line with this development drive. The "New Silk Road" approach means a bright future of beginning long-overdue projects: The North American Water and Power Alliance (NAWAPA) in the continental west; a high-speed rail grid; upgrading waterways, having an industrial Recovery Belt. We can work out new win-win trade patterns.
The opposition to this - centered in the Wall Street-City of London circles is demonizing Russia and China, to the point of the immediate danger of provoking all out war; by staging a confrontation with Russia in Syria. The British crowd is behind the sedition against the office of the Presidency in the "Get Trump" Robert Mueller operation. This is the Wall Street-City of London axis that has for decades imposed their "casino economics" practices of speculation, outsourcing, drugs, etc. in the U.S. and globally. Since the 1970s they succeeded in subverting the post WWII Bretton Woods system. They don't want to quit.
The reality is that their monetarist system is now at the blow out point. Today's bubbles of unpayable debt (derivatives, corporate, etc.) are far bigger than those before the 2007-2008 crisis. We face chaos without the right emergency action.
Join me in mobilizing to ready the measures we urgently need. We need Trump and leaders of the major world powers - Russia, China and India, to get together on crafting a "New Bretton Woods" system to benefit all nations and peoples.
We can reinstate the Glass Steagall Act, to restore sound banking and with a national infrastructure bank, extend abundant credit, especially for advanced nuclear and space science. This nation was built on principles, ideas and infrastructure.