After predicting for years that the Chinese economy would soon be on the verge of a financial blowout and a plunge in growth, honest Western economists, even of the rabid monetarist stripe, have to admit that the Chinese model of economic development does seem to work. Take the case of Michael Schuman, who penned an article in Bloomberg Business Week, of Jan. 29, under the title “What if China Is Exempt from the Laws of Economics?” . And an eloquent subtitle: “Beijing’s policymakers seem to be doing a lot of things right — and that may upend much of basic economic thinking, especially our faith in the power of free markets.”
Since the effort to bring down Donald Trump through the “Russiagate” scandal is going nowhere, in particular since the release of the VIPS memo, those who are determined to overthrow him have picked up a new issue and are running with it.
On April 9, Lyndon LaRouche warned that there is a British-run coup d’état in process against the Trump Administration, which threatens to escalate the stupid and dangerous April 7 air strike against a Syrian air base into a full-fledged thermonuclear confrontation with Russia and China.
Dr. Ahmed Kedidi, a former Tunisian diplomat and guest lecturer in many Arab strategic studies institutions, published a syndicated op-ed on Feb. 28, 2017 in the leading Qatari daily Al-Sharq titled “The Dream of American Politician Lyndon LaRouche Becomes True One Third of a Century Later”. It was also taken up in several other Arabic newspapers and websites. Dr. Kedidi is a long-time friend of Helga and Lyndon LaRouche, and a frequent participant in Schiller Institute conferences in the 1980s and ’90s. Currently a resident of Qatar, he has also signed many petitions circulated by the Schiller Institute. The following has been translated from the Arabic.
Immediately following the Feb. 16 press conference by Donald Trump, Lyndon LaRouche commented that if his presidency is to be successful, he must move quickly to re-instate Glass-Steagall bank separation and to rein in Wall Street, as he pledged to do during the election campaign. In fact, over the past weeks, as the threat of a new financial crash grows, there has been a surge of support in the United States for re-establishing a strict separation between deposit and investment banks, as mandated under the Glass-Steagall Act.
The recently-relaunched San Francisco Review of Books just published the first of a two-part interview with Lyndon LaRouche, conducted in January by Joseph Ford Cotto. In his introduction to the interview, Cotto speaks highly of LaRouche, as follows:
In a speech before the Major Cities Police Chiefs Association (MCCA) Winter Conference on Feb. 8 in Washington, Donald Trump announced a major war on drugs, to be directed by Homeland Security Secretary, Gen. (ret.) John Kelly. The next day, he announced a new Task Force, to be headed by the new Attorney General Jeff Sessions, a fierce opponent of Barack Obama’s drug legalization policies, “to focus on destroying transnational criminal organizations and drug cartels.”
Democratic Representative Marcy Kaptur of Ohio held a press conference in the House of Representatives on Feb. 1 to announce her introduction of a bill to re-enact Glass-Steagall legislation. Twenty-six other Members of Congress co-sponsored the bill, three of whom made short statements: Republican Walter Jones and Democrats Tim Ryan and Tulsi Gabbard. Bartlett Naylor, an expert on financial markets from Public Citizen, also spoke shortly.
The debate on re-enacting the Glass-Steagall Act in the United States has become very hot over the past weeks, in particular around the Senate confirmation of Steven Mnuchin as Treasury Secretary. At the Senate Finance Committee hearing on the issue on Jan. 19, Democratic Senator Maria Cantwell used the entire time allotted to her to confront the former Goldman Sachs banker on separating commercial banks from investment banks, which was widely covered in the media. Asked point-black “do you support returning to Glass-Steagall”, Mnuchin replied: “No, I don’t support going back to Glass-Steagall as is.”