The Second Belt and Road Forum for International Cooperation that took place in Beijing on April 25-27 was a resounding success. It consolidated what has become the largest initiative for infrastructure and connectivity in modern history. Some 150 countries, including 37 heads of state or government, and 90 international organizations attended the event, in addition to thousands of entrepreneurs. New economic deals of one kind or another amounting to some $64 billion were signed, and new plans laid for the future, amid a refreshing atmosphere of optimism.
April 18, 2019 — A barely noticed report published by the staff of the International Monetary Fund in February 2019 suggests that financial authorities are considering a devaluation of money in order to save the financial system from the impending collapse. The report, titled Monetary Policy with Negative Interest Rates: Decoupling Cash from Electronic Money proposes to depreciate physical money (and not only bank deposits) in order to allow an ample margin for negative rates.
In late April, the Italian government issued guidelines for the reimbursement — up to an amount of €200,000 — of depositors and owners of subordinate bonds who were unlawfully “bailed-in” in the past years. The measure, which is to be financed with €1.5 billion over three years, applies to customers of two Veneto banks, Banca Popolare di Vicenza and Veneto Banca, liquidated in 2017, and four banks in central Italy — Banca Etruria, Carife, Banca Marche and Carichieti — liquidated in 2015.
Im Vorfeld der diesjährigen internationalen Münchner Sicherheitskonferenz vom 15.-17.2. veröffentlichten die Organisatoren eine Vorabversion ihres Berichts 2019 The Great Puzzle: Who Will Pick up the Pieces? („Das große Rätsel: wer sammelt die Scherben auf?“). Darin räumen sie gleich zu Anfang ein, daß sich die von der transatlantischen Welt dominierte „liberale Weltordnung“ der vergangenen Jahrzehnte in einer schweren Krise befindet.
With great sadness, we report that Lyndon LaRouche passed away on February 12, 2019 at the age of 96. Mr. LaRouche has been a constant source of inspiration for EIR in the fight for economic and social development for all peoples and a cultural renaissance worldwide.
On the occasion of this year’s annual Martin Luther King, Jr. Day, 60 prominent American academics, lawyers, intellectuals, and researchers, including two of Robert F. Kennedy’s children, are calling on Congress to open new investigations into four assassinations of the 1960s – President John F. Kennedy, Senator Robert Kennedy, Martin Luther King and Malcolm X – that had “a disastrous impact on the course of American history.”
In line with various calls the international Schiller Institute has issued over the past years, the creation of an Arab Reconstruction and Development Bank was called for for Michel Aoun on Ja. Speaking at the opening of the Arab Economic Summit held in Beirut, he said that the reconstruction of the Arab countries that have been affected by war and terrorism in recent years should become a priority. “Prosperity is the name of peace” was the title Aoun chose for that summit.
In an article written on Jan. 19 for the German weekly Neue Solidarität, the chair of the Schiller Institute Helga Zepp-LaRouche denounces the fawning letter of 31 German leaders to the Britons dated January 18, calling on them to remain in the European Union. Helga Zepp-LaRouche writes:
Mexican President Andrés Manuel López Obrador is taking executive action to eradicate the devastating social problem of youth in the country. According to OECD figures, nearly 22% of Mexican youth are in the category labeled “NEET” — not in employment, education or training. These are the youth who are most often driven into the ranks of the drug cartel armies which have taken over much of Mexico, because they see no other option for survival.
Beyond all the uproar around the project of building a wall along the U.S.-Mexican border, U.S. President Donald Trump and his Mexican counterpart Andrés Manuel López Obrador reached an agreement on Dec. 19, which offers in principle a much more effective and humane way to end the migrant crisis than building a border wall, by going for the causes.