How to Reverse a New "Great Depression"By Harley Schlanger
Only the most ignorant can accept the words of Fed Chairman Powell that the banking system is "fundamentally strong." In reality, nearly half the banks in the U.S. are insolvent, due to the collapse of the physical economy. The collapse of the German economy, under Green deindustrialization policies, is moving even faster. Yet, instead of addressing this, NATO governments are lunging into a war against Russia and a possible war against China. Lyndon LaRouche presented an alternative in 2000, which much of the world is moving towards now, i.e., rejecting neo-liberal monetarism and adopting Hamiltonian credit policies, to upgrade physical economic production. Here is a link to his prescient article from July 18, 2000.