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President Joe Biden, who is going to Europe later this week for summits with G7 leaders, NATO heads of state and then Russian President Putin, wrote an op-ed published in the June 5 Washington Post and other media. Biden said the purpose of his major foreign trip was, in essence, to confront and back off Putin and, in absentia, Chinese President Xi Jinping.Claiming that his Presidency has re-established American leadership in economics and the global Green New Deal (his purpose in rejoining the Paris Climate Agreement), Biden wrote: "So, when I meet with Vladimir Putin in Geneva, it will be after high-level discussions with friends, partners and allies who see the world through the same lens as the United States, and with whom we have renewed our connections and shared purpose. We are standing united to address Russia’s challenges to European security, starting with its aggression in Ukraine, and there will be no doubt about the resolve of the United States to defend our democratic values, which we cannot separate from our interests. “In my phone calls with President Putin, I have been clear and direct,” the President went on. The United States does not seek conflict. We want a stable and predictable relationship where we can work with Russia on issues like strategic stability and arms control…. “At the same time, I have also imposed meaningful consequences for behaviors that violate U.S. sovereignty, including interference in our democratic elections. And President Putin knows that I will not hesitate to respond to future harmful activities. When we meet, I will again underscore the commitment of the United States, Europe and like-minded democracies to stand up for human rights and dignity.” This goal is dangerous to try and impossible to achieve. The trans-Atlantic financial system is wracked with unemployment on a large scale, inflating rapidly and threatening to collapse. The United States and European governments have not adopted any major “Marshall Plan” of infrastructural rebuilding to recover from the pandemic, have lost leadership in energy sciences and the dynamics of space exploration, and in fact have not created any productive employment at all, simply handing out relief funds generated by great volumes of new government debt. The financial system centered in the City of London and Wall Street banking giants will blow up—if these giants are not broken up in time—rather than “supporting” such aggressive stances to Russia and China. There is, in fact, only one mission Biden could take to these summits with other major powers, which would serve to advance “human rights and dignity,” including the human right to life and health and the dignity of a productive contribution to the future of the human race. That mission is the building of a modern system of healthcare—hospitals, clinics, trained medical staff—and public health monitoring in every nation in the world. The last year has shown that almost no nation has a modern healthcare system equal to a serious pandemic, and that definitely includes the nation Joe Biden now represents. Since such a mission also requires the building of other kinds of new, high-technology infrastructure in developing nations worldwide—such as power and clean water facilities and new housing—it can only be carried out through cooperation not only with European “allies,” but with Russia and with China as well as other Asian technological powers. Though very unlikely to come from this President at these June summits, it is the only mission any president could achieve.

No political leader or force in the United States or Europe is any longer challenging the biggest banks in the world, which have been unbelievably enriched during this pandemic by the central banks, while millions have died and hundreds of millions have lost their work and their subsistence. President Trump called their CEOs “Wall Street geniuses.” The European Union has the likes of Morgan and BlackRock plan its alleged “recovery programs.” The World Economic Forum club of finance billionaires, who gather with the British royals at Davos, have put themselves in charge of the supposedly all-important global “Green New Deal” and have been seizing control of government spending policies from governments. In the U.S. Congress, the erstwhile anti-megabank champions like Sen. Elizabeth Warren no longer dare to mention the Glass-Steagall principle of bank separation when the biggest banksters sit in hearings before them.“At our upcoming conference it is very, very urgent that we resume the fight for Glass-Steagall Act. There are clear signs of a hyperinflationary blowout,” declared Schiller Institute President Helga Zepp-LaRouche today in discussion with activists all over the United States and Canada. It is those banks, bulked up to incredible size by the Federal Reserve during this economic and human crisis, who are driving that hyperinflation now threatening us. The four largest U.S. banks—JPMorgan Chase, Bank of America, Wells Fargo, Citigroup—now have half of all deposits in the banking system: $7.5 trillion of $15 trillion—but have made only $4 trillion in loans! The seven biggest have three-quarters of all the assets, $13 trillion out of $17.5 trillion. These are giant engines of speculation. Since 1999 when Glass-Steagall was eliminated they can speculate on anything from oil tankers to stock and bond indices; and their speculation with the Fed’s flood of money printing—while no productive employment or investments are created—is driving the rising tide of inflation. The worst danger is the power these banks now wield, above all in imposing the global technological great leap backward of the Green New Deal. It will send advanced economies into chaos and subject developing countries to genocidal population reduction by denying electric power, mechanized agriculture, modern medical delivery. But it promises a huge new bubble of “green finance” to those banks by the looting power of high energy prices and carbon taxes. We already have seen BlackRock and associated Wall Street and City of London investment firms forcing the shutdown of coal and oil power, from the United States to South Africa to the Philippines, by cutting off investment. Only today another consortium of six of the biggest global banks combined to force “decarbonization” on the steel industry. The OECD’s think-tank on “green transformations” projects world steel production to drop by more than half over this century. Helga Zepp-LaRouche has named the only sane response. These giant banks must be thoroughly broken up, both to choke off the fuel for the engines of speculation and to break their immense political power. How can we allow new classes of deca-billionaires to accumulate hundreds of thousands of times more wealth than working homeowners, and millions of times more than the couple of billion people in the world who have no regular work or healthcare after a year of pandemic? Glass-Steagall must be brought back, only one of what Lyndon LaRouche called the “Four new Laws To Save the Nation” when he laid them down on June 8, 2014. National banks for productive credit are necessary in every country; and the productivity investments of that credit should be paced by science-driver programs of space exploration and fusion power/plasma technology development. The Schiller Institute’s June 26-27 international conference, featuring experts on both economic and physical sciences, will be a turning point in getting the world back to economic development.

The global financial elite have only a shrinking time-frame in which to force all nations, and all of us, to stop resisting and accept their “Great Reset,” or “Green New Deal.” They are running out of time before a perhaps $100 trillion “everything bubble” of largely unpayable debts and derivatives exposures based on them, collapses or goes into a hyperinflationary explosion. It is that bubble they are trying to “roll over” by looting tens of trillions of dollars out of real industrial and agricultural production, household wealth and survival, and jamming it into a “green finance” bubble based on dolled-up throwback energy technologies.Just listen to a Washington Post editorial today, commenting on the truly insane haste to eliminate all new fossil fuel investments this year and “green everything” to zero-carbon, which is demanded in the big May 5 report of the International Energy Agency (IEA)—essentially the energy branch of the Davos World Economic Forum. “Others Say: Net-Zero Is Plausible. But It Won’t Be Easy” is the headline. Installing the world’s biggest solar farm every day through 2030. Building 200 massive “gigafactories” during the decade to turn out electric vehicles. Controlling everything people do and forcing them to change immediately how they build buildings, heat homes, produce goods, commute, etc. “Singular, unwavering focus from all governments,” doing little else. “Today, the data shows a looming mismatch between the world’s strengthened climate ambitions and the availability of critical minerals that are essential to realizing those climate ambitions,” it quotes the IEA’s executive director Fatih Birol. This is the desperation of imagining a new financial bubble immense enough to swallow up in oblivion and/or inflate away the tens of trillions of unpayable debt. It must involve unprecedented looting of human conditions and lives. So, they say, it demands “singular, unwavering focus from all governments.” Last week, G7 foreign and economic ministers said they agreed to this. The last time such private financial conglomerates bent government policy to their will and dramatically shifted all GDP and economic activity to their goals, it was the financial powers of fascism between the world wars, acting especially through their central banks. Representing these powers, Germany’s central banker Hjalmar Schacht forced a 20% GDP shift to armaments production in just two years, by printing money and taking over government spending. As that shift continued, inflation came with it until it led to world war. Here the IEA, the “Great Reset” financiers, are talking about a great technological leap backwards in all economic activity, forced again by central bank-led and -directed money-printing which has bypassed any and all historical scale in the past 18 months. This vast “green new deal” shift will cause loss of millions of lives in the developing countries until it leads to war against major powers—China and Russia—which resist the Malthusian policy. And imminently now, it faces a hyperinflationary collapse. The former European Central Bank chief economist Jürgen Stark said yesterday, treading very carefully, “I do not want to provoke a crash, but it cannot be ruled out.” The respected veteran American economist John Williams, an expert on the real statistics behind government stats, said in an interview, “I think we are eventually headed into a hyperinflationary economic collapse. It’s not that we haven’t been in an economic collapse already…. The Fed has been creating money at a pace that has never been seen before. You are basically up 75% (in money creation) year over year. This is unprecedented. Normally, it might be up 1% or 2% year over year. The exploding money supply will lead to inflation. I am not saying we are going to get to 75% inflation—yet. But you are getting up to the 4% or 5% range, and you are soon going to be seeing 10% range year over year…. The Fed has lost control of inflation.” So we must become members and leaders of that global anti-Malthusian resistance: With Russia and China as allies in this resistance; nationalize those central banks; break up the Wall Street and London banks; and stop the Green New Deal before it brings on hyperinflationary collapse.

The great building task for the industrialized and industrializing nations is clear. Building modern hospital and well-staffed healthcare systems in every nation on Earth will meet such an urgent need to preserve human life—one that cannot be met by any other attack on the pandemic—that it alone deserves the name of an infrastructure platform for the further progress of the human race. And only an agreement among the most technologically advanced and economically developed nations can launch such a global mission, which is no less ambitious than a Moon-Mars mission and necessarily involves the same beneficial effects of technological breakthroughs.If this task is taken up, as proposed by the Schiller Institute and Committee for the Coincidence of Opposites, 10 MW of new power will be needed to supply every set of hospitals with 1,000 beds, provide a lot of fresh water to them, heat and light the housing for their staff—hundreds of gigawatts of new power, and widely distributed throughout the developing nations in particular. World food production will effectively have to double since “food is health,” to quote Committee leader Dr. Joycelyn Elders. Approximations of Tennessee Valley Authority-scale development projects will evolve from the projects undertaken for the best of disease monitoring, testing and above all modern treatment capacities. A new nuclear technology platform is waiting to be put in factory production to supply this huge project: small modular nuclear reactors. NuScale, the only company with a prototype approved by regulators thus far, is being offered the cooperation in production it needs by the Canadian firm Prodigy Clean Energy, while other Canadian companies and provinces develop their own small modular reactor (SMR) projects. Prodigy intends to build SMR marine power stations in shipyards. The Danish company Seaborg Technologies plans to fit ships with small nuclear reactors, to send power to countries across the developing sector, and believes it can start providing that power by 2025, according to Neutron Bytes blog May 14. This is a 100 MW molten salt-cooled reactor. NuScale’s target for 60 MW operating reactor modules is 2026. Russia is already capable of producing small floating nuclear reactors. All the other target dates can be brought forward as soon as the technologically leading nations—China, the United States, Russia in particular—agree to jointly generate credit for the modern health systems to care for pandemic victims. Standing against this mission for humanity, is the new Malthusianism which wants to sacrifice human life to “the planet” and a myth that human science and technology are impotent and destructive. As made clear already in 2019 in an article in the medical journal The Lancet by the Harvard T.H. Chan School of Public Health, 5 billion people who don’t have modern healthcare can’t have it because “if we do it in a model that has been developed in rich countries, it will break the climate—and we can’t afford that.” Nor are we, say the Green New Dealers, permitted to double world food production to cope with widespread food insecurity and famine—and food is health. According to the investors’ group FAIRR, “The oil in the ground was being mispriced. It doesn’t have value. It’s obsolete, and therefore it’s stranded. The same is going to happen for agriculture and animal agriculture.” The same Green New Dealers nonetheless think we should scour the Earth for vast, now unknown supplies of rare and strategic minerals and metals, in order to build billions of completely unneeded electric vehicles over the next three years—and they call their charging stations “infrastructure”! Scrapping the Green New Deal, we can build a real new infrastructure platform for the world’s people and the economies of nations, as the Schiller Institute proposes to the Global Health Conference in Rome this week.

The President of Bolivia stated on May 15 that only a global common effort can effectively fight the COVID-19 pandemic. His statement indicates what most national leaders must recognize: that international collaboration between developed nations, with the express aim of preventing mass death in the developing nations is urgently necessary. But limited as President Arce’s declaration is essentially to a global vaccination effort, it leaves the only solution to the ongoing waves of pandemic deaths still not mentioned, let alone launched. That is the arduous project of building, as rapidly as humanly possible, a modern system of hospitals, clinics, and trained public health workforces in every nation on Earth. The vast majority of nations now don’t have such a modern health system and are devastated, both in human lives and economic destruction, by this pandemic.The Schiller Institute’s Committee for the Coincidence of Oppositions, initiated in 2020 by Helga Zepp-LaRouche and former U.S. Surgeon-General Dr. Joycelyn Elders, urges and demands this project be launched now, and that the Global Health Summit in Rome May 21 discuss it and call for it. Such an undertaking must begin with a summit of major powers, such as the UN Security Council P5 heads of state and government summit repeatedly proposed by Russian President Putin. We must “stop the next pandemic,” yes, but the “next pandemic” is COVID2021, still spreading out its wave of deaths, and COVID2022. Nations with advanced disease monitoring and treatment capabilities and workforces can save their populations. Consider: The United States in the very serious 1957 influenza pandemic took no unusual mitigation measures, not even extensive vaccination—yet had only half the number of deaths per population as the rest of the world at that time. Why? Because it had built up its then-modern hospital/clinic system to 6.5 beds per 1,000 population all over the country. Today it has shut them down, and has only 2.7 beds/1,000 people. Why is the necessity to build hospitals and labs, train healthcare workforces, recruit youth, train public health monitors in every country not being discussed? Decades of neglect have driven the very idea out of public discussion of the pandemic. The Committee for the Coincidence of Opposites is determined to reverse this. Helga Zepp-LaRouche said on May 15: "We need a huge effort, in as many countries as possible, to organize to be published our Committee’s ‘Global Health Security’ statement. In Asia, Africa, Ibero-America, they know that our program is what they need. We should organize a steamroller to get massive circulation in publications, in blogs, through social media, etc. “We should have a team of people from the Task Force this week doing nothing but brainstorming how to get the statement published—and immediately organizing to do so. We should do this in all countries where we have members. We should contact former Health Ministers, and former members of governments generally, and many who have made positive statements about our proposals and initiatives. “We have a major problem internationally,” she said "a mismatch between the quality of our conferences and much of our published material, and, on the other hand, the numbers of people who are really listening and watching…. We have top speakers from governments and institutions who are grateful to speak on our platform, giving them access and visibility that is crucial, and not otherwise available. We open up potentials as on the Rogue Money platform for the [May 8 Schiller Institute] Conference. But the outreach is not adequate. “We need the biggest mobilization with our world health system statement. Anyone who has been open to our ideas…. We should get 20-50 publications of the statement in the coming days.”

The U.S.-NATO prerogative to impose a “rules-based international system,” constantly repeated by the Biden Administration and British “imperial” mouthpieces, now consists of ordering all nations to join the United States and Europe in giving up fossil fuel energy, high-technology farming and livestock raising, high energy industrial technology, whatever the consequences to their peoples. Moreover they must join in bludgeoning Russia and China until those technological great powers agree to do the same. If the Commander of United States Strategic Command, Adm.Charles Richard, has just said he judges “thermonuclear war” to be a strong possibility in this situation, NATO elites think that’s a chance worth taking to force their adversaries to “decarbonize” and regress in industry and power.Canada is now attacked by U.S. officials like a strategic adversary, for having oil pipelines under the Mackinac Strait. Germany is slammed with sanctions until it abandons a gas pipeline from Russia. New Zealand is to be expelled from the “Five Eyes” intelligence partnership for not declaring China its enemy. Eastern European government leaders must bow to NATO/British geopolitical confrontation with Russia or have “regime-change” thrust upon them. The grim reality of this “Great Reset”—for this is the “Great Reset’s actual character—is that NATO will pile sanctions and threats and dare Russia and China to superpower war, war unsurvivable for humanity, rather than allow them to continue with technological and industrial development the trans-Atlantic nations are abandoning themselves. And China and Russia will not accept ”zero carbon" regression. For the driving force of this menace, however, look to the City of London and Wall Street, the biggest financial giants and central banks—and there you find the great weakness of the Great Reset. These financial forces are staring at a global financial crash of a corporate bond debt and equity finance bubble in the tens of trillions of dollars, and additional tens of trillions of derivatives exposure. They just passed through a grim milestone on the way to that crash, with the collapse of a very large hedge fund called Archegos causing huge losses at big European banks; they know they’re within a year or so of the end. Therefore London and Wall Street finance feel the urgent need to escape the crash with a new, gigantic bubble of “green finance”—wind turbine parks, solar farms, carbon offsets and credits for speculation, farmers “carbon farming,” carbon derivatives…. And you are supposed to pay for it. If you won’t, their weakness is exposed. If enough citizens and organizations refuse, demand industrial development for all nations instead, the Green New Deal can be crushed. But many citizens and leaders in the United States and Europe no longer have the morality to seek industrial development for developing nations, for Africa and Southwest Asia. They are indifferent, or put on indifference, to the famine threatening 300 million people this year in South Asia and Africa, triggered by the pandemic. Indifferent to peoples whose public health and hospital systems have crumbled under the waves of COVID-19, because their nations lack the modern healthcare capacities every nation must have and must be provided with. They are self-absorbed enough to ignore worsening social conflict and even, incredibly, the growing threat of global, unsurvivable war. This must change; it will take a moral renaissance to defeat the pandemic and the “Great Reset” the pandemic is supposed to compel us to. This is the purpose of the series of international conferences of the Schiller Institute over the last year. The next conference is May 8, a few days away: “The Moral Collapse of the Trans-Atlantic World Cries Out for a New Paradigm.” See the panels and register here.

The IMF and the World Bank, in a new report issued March 26 on their planned “lending” activities, have taken the people-killing effects of the global “Green New Deal” (or “Great Reset”) to an even nastier level. The report is called “World Bank/IMF Support for Debt Relief under the Common Framework and Beyond” and its first paragraph says, “We need to make sure we do not lose sight of green and inclusive reforms because of … a looming debt crisis.” It makes clear that what debt suspension has been granted to developing countries during the pandemic economic collapse, will now depend on “debt for climate swaps,” where they have to trade closing their fossil fuel power plants, for example, in exchange for the debt relief. The big central banks and Wall Street giants have already been muscling private investment internationally and nationally to get out of coal and oil power and heating, carbon-based industry, and mechanized agriculture and go exclusively into primitive “green” technologies. This is supposed to meet “zero carbon” goals for economies and “save the planet.” Now, the IMF and World Bank are going to grab government-to-government lending to developing nations and push it toward the same “zero carbon” goal. They’re going to put “green” conditionalities on all the lending and debt relief those developing countries can get, and make them “swap” debt relief or credit for shutdowns of coal plants that many developing nations depend on for electric power and heat, for chemical fertilizer use that could upgrade their farm yields, and more. These global financial agencies say to the government lenders of G20 countries, “allow continued access to concessional resources [low interest loans or debt relief] to finance priorities for green, resilient, and inclusive development,” and that’s all These nations are buried in debt after more than a year of pandemic deaths, COVID lockdowns, border closures, trade breakdowns, crop failures. The World Bank itself thinks 150 million more people have fallen into extreme poverty in 2020-21. The real “swap” here is: You reduce your country’s population; the IMF will reduce your debt. This directly attacks if we understand it—the United States, Europe, the other major technological powers like China, Russia, India, Japan. Capital goods exports to these developing nations, for infrastructure development projects in these developing countries, are where the new, productive employment will come from in a United States with 25 million people still on unemployment benefits or dropped out of the workforce. Capital goods exports like modern hospital and clinic systems to fight the pandemic and vaccinate; electric power and freshwater supplies for them; machinery and inputs for productive family farming. Infrastructure projects like water management and flood control projects in river valleys, electrified rail connectivity, modern ports. This is where real recovery of productive employment and productivity will come from, in the leading nations which shelve the IMF and World Bank—and the Federal Reserve for that matter—and create a new credit system for the purpose. Such a recovery will never come from hyperinflationary money printing in the many trillions and multi trillion-dollar support for the big Wall Street and City of London-centered banks, even if the Fed and ECB keep up that printing until it explodes. The policy which stands over us as the deadly enemy of productive development and recovery, is the Green New Deal. There are poles of resistance to it developing, a “worldwide anti-Malthusian resistance,” as when India last week said “No” to Joe Biden’s climate ambassador John Kerry, who came to demand a “zero carbon pledge” from them. EIR News Service and The LaRouche Organization (TLO) are working to organize that anti-Malthusian resistance, and TLO’s mass-circulation pamphlet exposing the Green New Deal as “The Great Leap Backward” goes into second printing next week. Any group or individual that wants to stand up for the scientific creativity and technological progress of the human race, will want to use it.

President Biden’s “climate ambassador” John Kerry will take his pitch for “zero carbon” to China this week, after a visit to India last week which would thankfully have to be called a failure. India’s Foreign Minister Subrahmanyam Jaishankar and Energy Minister Raj Kumar Singh said Kerry could have his general global carbon reduction goal but India would not let any specific “zero carbon” demand be applied to India or any other developing country; those nations need development and industrialization. As politely as they may have put it to him, Kerry knew he didn’t get what Biden or Prince Charles and the central bankers wanted, and India has made itself one flagbearer for a worldwide anti-Malthusian resistance.Kerry is selling Malthusian poison, telling nations that the United States, U.K. (sponsoring the COP26 “climate summit” in November) and the IMF and World Bank and big central banks want them to remove carbon and carbon dioxide-forming processes from their economies by a date certain. This is insanity, dooming industry, electric power, and any agriculture beyond dirt farming. Life is a carbon dioxide-forming and -consuming process! This is nothing other than a dream of the oligarchical 1% to get rid of huge numbers of the 99%. Now Kerry will peddle his poison in an intended meeting with his Chinese special envoy for climate change Xie Zhenhua—if the visit isn’t called off due to extreme tensions over Taiwan. He is trying to pitch “cooperation on climate change” as a pressure valve in Biden’s general confrontation posture against China; and get China to attend Biden’s planned “climate summit” on April 22-23, at which a huge failure is much to be hoped for and organized for. “We must cooperate with China on climate,” Kerry told India Today on April 9. The Foreign Ministry said only that China “is looking at it” referring to the summit invitation. But Malthusianism is no offer to moderate a war confrontation; it is the same thing as the war confrontation, which is now at an intense, “pre-war” crisis point in Europe where Biden’s administration is trying to provoke Ukraine into a war with Russia with the threat of world war all over it. Kerry has not, so far. If the United States and NATO nations lock themselves into a Malthusian “Green New Deal” policy which is deadly destructive to their own economies, they will mark any major power which resists such deindustrialization and economic regression as an increasingly dangerous adversary to be brought down. Just so was Britain determined to bring down Germany by drawing it into World War I. Notice that Kerry hasn’t even got Russia on his itinerary. Biden sent Putin a pro-forma invite to the April 22-23 Malthusians’ summit, but is trying to force Russia and Ukraine into a conflict where NATO, he thinks, will prevail. But it also works the other way. If Russia, India, China become seen as poles of a global anti-Malthusian resistance to the suicidal Green New Deal; if American resistance is being organized as it is, by The LaRouche Organization; then the refusal of any of these major nations to go along with Kerry’s poison will become a major reason for elected officials in the United States and Europe to resist unilaterial economic suicide. Support for confrontation with Russia and China will decline if they refuse the Green New Deal, war become less likely despite the Biden Administration, and real economic recovery will be possible by international cooperation. The LaRouche Organization’s mass pamphlet exposing “The Great Leap Backward,” soon to go to a second printing, is the electric spark for that global anti-Malthusian resistance in the United States.

Going into its annual Spring meeting the IMF has spread worldwide disinformation by claiming the United States is the “world economic engine for 2021,” set to grow 6.5% in GDP, import the whole world’s goods, and so on. What kind of an “economic engine” does not export capital goods to industrialize the developing countries; makes no investment in building healthcare and hospital systems when they are being overwhelmed by pandemic in scores of nations; refuses even to export from its overproduction of effective vaccines? And look at what the IMF itself forecasts will happen if such a “U.S. boom” does occur, and causes inflation and higher long-term interest rates—a dangerous flow of capital out of the most affected developing nations like India and Brazil and, explosively, into the well-named “everything bubble” of American corporate and household debt!The last 18 months’ frantic liquidity-pumping by the Federal Reserve and other major central banks, combined for the past year with hyperinflationary government borrowing for non-productive “COVID relief” programs, has only made wealth concentration greater and poverty worse even in the United States and European nations. The IMF forecasts it: Over the two years 2020-21, average incomes in developing countries will have dropped by 20%, and in the “advanced countries” by 11%. That’s a booming recovery? Poverty in the United States struck nearly 10 million more people in 2020, and is forecast to rise by another 5 million people in 2021. That’s a “world economic engine”? What has to be done instead of this hyperinflationary money-printing policy, fairly cries out aloud to us. Vaccine production must be accelerated by new licensing and exported wherever necessary to developing nations where the COVID pandemic with its deadly variants is still spreading and vaccination is still negligible—this is necessary for every people’s survival. Well over 100 million people can gain new, productive employment in the United States and around the world in just the next year or two building modern hospital and healthcare systems, staffing them, and constructing the power and water supplies for them. Scores of nations’ hospital systems are now being overwhelmed by the pandemic simultaneously. Food production has to be stimulated and doubled where it can be, to stop mass starvation in nations where the pandemic has collapsed it. And this is only part of a process of creating “Tennessee Valley Authority” economic development in watersheds worldwide. The most challenging task of all calls for political action: Stop and reverse the so-called “Green New Deal” or “Great Reset,” which is sacrificing human and economic productivity, and human lives, supposedly to “save the planet” from a beneficial component of all living systems, carbon. We now have the example of India, which has stood up for developing nations against the “zero carbon” dogma which for them will bring mass death, for “advanced” countries will bring economic chaos and decline. Two Indian ministers in the past week have said “No” to the “net zero carbon” demands of the City of London and Wall Street “green finance” banks and the central banks’ carbon disclosure committees. Indian Energy Minister Raj Kumar Singh told the International Energy Agency meeting on March 31, including Joe Biden’s climate czar, John Kerry, “You have 800 million people who don’t have access to electricity. You can’t say that they have to go to net zero. They have the right to develop. They want fossil fuels for power and they must use them.” And nuclear power! The Green Deal, the Great Reset so-called, has to be crushed. A real worldwide economic recovery—based on the starting principle of ending the loss of human life to pandemic disease and famine—will produce hundreds of millions of new jobs using power-dense and advanced technologies. The LaRouche movement made it clear last May how this could be done. Now it is holding a series of growing international conferences to organize that solution. Please join them.

The renamed “Biden-Harris Administration” will next call for passage of a $1.5 trillion “green infrastructure and jobs” bill, of which $400 billion will fund vast new wind farms and solar parks, on land and on sea; and the rest presumably miscellaneous transportation infrastructure. And then—another, immediate $1.5 trillion bill for support of families, etc.Because the wind and solar installations will continue to crowd out, and facilitate the shutdown of, superior, more power-dense and more reliable electric power infrastructure, they are not “new infrastructure” as far as the U.S. physical economy is concerned; they are infrastructure destruction. This is the “Green New Deal,” although Biden won’t say the words yet. If not stopped and reversed it will destroy the United States’ remaining industrial economy in the name of Malthusian reduction of human numbers to “save the planet.” Every industrial and farming process forming CO₂ will be targeted and cut. The LaRouche Organization and the Schiller Institute are fighting this Green New Deal, in the United States and around the world. The Schiller Institute with its conferences and publications is rallying against it especially in developing countries, where “green finance” out of the City of London and Wall Street is moving to shut down coal and stop nuclear power in power-short nations. This will compound the pandemic disease and economic collapse of the past year and cause millions of people to die. The LaRouche Organization’s pamphlet for mass circulation, “The Great Leap Backward: LaRouche Crushes the ‘Green New Deal’ Fraud,” had its first run yesterday. It is timed to expose and stop this “new green way of infrastructure” as Sen. Chuck Schumer called the $1.5 trillion anti-infrastructure package. Get copies from The LaRouche Organization and mobilize with them. The United States should join against this Malthusian policy with the other high-technology major powers, China and Russia, and cooperate in power-dense nuclear and fusion technologies, space exploration, and capital exports for South American, African, Asian development. This “Green New Deal” bill is only part of a spree of hyperinflationary money printing which makes Germany’s central bank printing in the early 1920s pale by comparison. If Biden succeeds in passing these next two “stimulus” bills at $1.5 trillion each, the money printing since March 2020 will reach $9 trillion borrowed against taxes by the Treasury, plus $5 trillion added to bank reserves by the Federal Reserve, in less than 18 months. Large volumes of the Treasury securities issued are bought by primary dealer megabanks and sold quickly to the Federal Reserve—along with other kinds of securities—which credits electronic excess reserves to those banks’ accounts at the Fed. The big banks use those excess reserves to do additional money printing of their own, by buying and trading securities and by making loans. All this while avoiding any investment in raising the productivity of work in the economy, avoiding any investment in new technology, or actually more productive infrastructure. In the past 11 months the U.S. banking system’s outstanding loans and leases to businesses and households have decreased, while their securities holdings and deposits have risen by $4 trillion and $3 trillion, respectively—according to Federal Reserve data! And the government spending has been completely non-productive, concentrated on raising household spending only. This hyperinflation policy has two purposes: To inflate away large amounts of the now-$280 trillion in global debt, which has grown by $75 trillion under the central banks’ hands since the 2008 crash; and to pour huge amounts of new currency, including by government spending and taxing, into wind and solar energy companies and makers of “zero carbon” substitutes for agriculture and all the most important productive branches of industry. If this hyper-speculation is combined with a Green New Deal “great leap backward” in technologies of industry, farming and ranching, the United States economy will be ruined. Only its military power will remain, and its confrontation with China and Russia will turn to global war. That must be prevented. The LaRouche Organization’s mass pamphlets and the Schiller Institute’s series of international conferences are the focal points to prevent it, and achieve a new paradigm of cooperation for economic development instead.

The Schiller Institute’s two-day international conference just concluded March 21 achieved a number of breakthroughs which no other organization is capable of having done, which are extraordinarily important in this crisis of pandemic, spreading hunger and military and social conflict. Two were most obvious. High-ranking representatives of Russia and China gave important presentations on the second, “strategic” panel of the conference, on a weekend in which tensions among the three superpowers spiked up, with the Russian Ambassador recalled from Washington and the public confrontation U.S.-China meeting of top officials in Alaska. These representatives understand that the Schiller Institute’s activists in the United States and Europe who organized the meeting are a unique cultural and political force for peace and development. And on the third panel Sunday morning, a decorated U.S. Marine combat veteran, former Virginia State Senator and conservative Republican, Col. Richard Black (ret.), was bold and brave enough to denounce the war policies of the United States and NATO in Southwest Asia, especially Syria, and demand, “This has to stop!”On that third panel representatives of the popular governments of Yemen, Syria and Iraq were able to speak directly to Americans, Europeans and to young people in Ibero-America—something which was a first for numerous of the several thousand people who watched the conference online. A way was presented in detail—the North American Belt and Road Initiative—for the United States and China to cooperate for the economic advantage of both, in aiding high-technology development of the nations of Mexico, Central and South America. Two of this unique conference’s sessions, taken together, completely exposed and debunked the so-called Green New Deal as both scientifically fraudulent and economically destructive, in a way comprehensible to professionals and laymen alike. Princeton physicist Dr. William Happer, formerly on the National Security Council in 2018-19, discredited the case against carbon dioxide itself as a substance supposedly dangerous to the planet. And Richard Freeman of EIR showed the British Royal Family origin and steering of the Green New Deal as a torpedo aimed to destroy industrial civilization. Perhaps most important, the Committee on the Coincidence of Oppositions came forward at this conference, a collaboration of leading medical professionals from minority communities, and American farm leaders, and veteran military officers, dedicated to seeing modern healthcare systems in every nation to fight the pandemic, to training youth Health Corps, and to doubling food production to fight the famine that is spreading. This Committee, the idea of Helga Zepp-LaRouche and former U.S. Surgeon-General Joycelyn Elders, is itself unique in the social force “of opposites” it is creating. The same conference was able, in its opening session devoted to “a new cultural Renaissance,” to convey the necessity of Classical poetry and music to political leaders and citizens who are going to solve these problems. The basic solutions to this crisis of economic collapse and debt explosion remain as Lyndon and Helga LaRouche have said: Glass-Steagall breakup of the megabanks; a “New Bretton Woods” international credit system; national bank credit institutions in every nation, crash programs at the space and fusion frontiers. But as Helga LaRouche pointed out as the conference ended, “Populations have become numbed” by misfortune, prejudice, disease, social conflict and a degenerated popular culture—all of these issues have also to be taken on, and the grave danger of the Great Reset and Green New Deal fully understood. Next we will publish a mass-circulation pamphlet form of EIR’s Special Report, “The Great Leap Backward: LaRouche Exposes the Green New Deal.” Conferences on these subjects will continue. How quickly, may depend on you. Find the times to watch this one in full, at the link here. The Schiller Institute does not have enough activist forces to hold the range of such events which it could command. We need those who have seen this conference, to join with Helga LaRouche.

The Texas Senate may pass a bill punishing investment funds for exiting fossil fuel investments, to counter the Wall Street megabanks and asset managers led by BlackRock which are ordering all funds to boycott oil and gas. The original report in the Texas Tribune on the bill said it would require continued oil and gas investment from some quite large funds, including the $46 billion Texas Permanent School Fund and another $62 billion in the Texas Teacher Retirement System and the Texas Municipal Retirement System. Lt. Gov. Dan Patrick told OilPrice.com the bill should pass easily.If the bill becomes legislation, these public-sector funds and others will be required to exit companies “refusing to deal with, terminating business activities with, or otherwise taking any action that is intended to penalize, inflict economic harm on, or limit commercial relations with a company” because this company is involved in oil exploration and production. Perhaps more important, the bill would bar suits against those state and municipal funds as a result of their investments.

The Biden White House on Feb. 26 announced that it would multiply the “price of carbon” by more than seven times, to $51 per ton of CO₂, for all cost-benefit analyses of industrial technologies—and was likely to more than double that again after “further analysis.” The “carbon price” set by the federal government since the Bush 43 Administration in 2004 is not a purchase price but rather the price assumed for all use of carbon in materials—energetic, chemical, industrial, agricultural—whose use can form CO₂, and is supposed to govern the valuation of bids for government contracts of all kinds. Obviously it would also then affect the valuation of industrial and agricultural products and even the valuation of capital goods and/or entire companies for investment.The Biden Administration’s proposed price announced by the Department of Energy under new Secretary Jennifer Granholm is supposed to be the price that greenhouse gas emissions impose on society. The $51/ton of CO₂ is not only seven-plus times the Trump Administration’s “price,” but double that of the Obama Administration. And it is likely soon to be adjusted to the “price” the Andrew Cuomo government of New York State adopted in 2020, which is a range of $79-125/ton. UC Santa Barbara Environmental Economics Professor Tamma Carleton responded giddily, “A new social cost of carbon can tip the scales for hundreds of policy decisions facing the federal government. Any policy, project or regulation that lowers emissions will now have a higher dollar value….” And any decision to use carbon products, a lower one. This will hit all industries, not just the energy and power production sector.

A social media ban has been clamped down on criticisms of the Nov. 3, 2020 “perfect” U.S. general election. The next target is emerging: stating the wrong conclusions about “climate” and energy technologies. A Feb. 25 article in the Washington Post amplified an attempt by the German Marshall Fund in Washington to call out for censorship, any statements that the failure of frozen-up wind turbines in Texas triggered the calamitous loss of power and heat by 10 million people and 40 deaths in the state.The Fund hooked up with the Post to identify, in particular, Fox News’ Feb. 17 interview of Texas Gov. Greg Abbott, who said that the failure of nearly all the wind power in the state caused the blackouts to begin. Like other elected officials in the parts of the country most affected by the polar vortex, Abbott called for more coal-fired power plants. This, the think-tank found, was widely followed and approved on Facebook and YouTube. The paper complained: “The recent explosion of falsehoods related to the Texas power outages highlights how climate science and related topics like renewable energy are a ripe target for online propaganda. Tech companies have not been aggressive in stepping up their defenses against climate disinformation, despite increasing public pressure from environmental activists to do more.” The Marshall Fund speech police and the Post bluntly advertised their completely political motives front and center: “Researchers [from the think-tank] are especially concerned about the wind turbine claims because they weren’t completely fabricated.[!] Instead, they were manipulated to serve the political goal of undermining Democrats’ efforts to fund renewable energy sources.[!!] ‘This kind of manipulative content can be even more pernicious because it maintains an element of truth,’ wrote [Adrienne] Goldstein and Eli Weiner” of the Fund. Sen. Elizabeth Warren (D-MA) was quoted threatening Facebook for allowing such statements as Abbott’s: “The future of our planet is at stake, and there should be no company too big, too powerful and too opaque to be held accountable for its role in the climate crisis. Facebook is no exception.” In an astonishing slip, the Washington Post published a chart two days later—“Source, Energy Information Administration”—which showed, day by day, what happened to electricity generation in Texas from Feb. 8-20. They were exactly the facts the paper had just demanded be censored on social media as “climate disinformation” when uttered by elected officials or others. Those facts were also presented in the Feb. 23 EIR Alert Service and are in the March 5 EIR. The EIA chart, “Power Generation on the Electric Reliability Council of Texas Grid,” shows nuclear and coal-fired power (GW-hours/day) essentially constant for the entire period; wind power dropping away to near zero from late on Feb. 14th through the 15th—when the blackouts began—and remaining there until the 17th; gas power ramping up on the 14th and part of the 15th to replace the missing wind power, then dropping sharply through the 17th. The disappearance of wind turbine power triggered the Texas disaster; no other conclusion is possible from this chart, or from the one like it (from a private data analysis firm) described in the Feb. 23 EIR Daily Alert. Will we, then, soon learn that we cannot repeat these facts or present anyone else stating them, without losing access to social media communication? There is already a comprehensive ban on any questioning of the conduct or results of the 2020 general election. Will this be extended to reasoned debate on energy and other carbon-based technologies—the very basis of modern agro-industrial economy and civilization—so that opponents of the Green New Deal are banned from public speech on that subject as well? No, the entire double standard of the media, social media, and some governments, which accuse their political opponents of doing precisely what they themselves are doing, must be exposed and reversed. At issue is not only stopping the “Great Reset” or “Green Deal”; the vilification of Russia and China and the threat of global war which comes with it are based on this “double-speak.” Will the words “Belt and Road Initiative” be banned from British and U.S. media? The Schiller Institute will take this on as a major target of its full-day conference March 20, otherwise presenting cooperation for development among nations as the unique road to peace.

Major national media (CNN, AP, Washington Post, etc.) have quickly started adding the words “false” or “falsely” whenever referring to charges by elected officials or experts that wind turbine freezing set off the Texas disaster. This may signal that social media giant monopolists will soon start censoring such statements. Consider that the anti-nuclear, anti-coal policies of Green power brokers as Governors Andrew Cuomo of New York and Gavin Newsom of California can be effectively attacked as pushing more “Texas” calamities. That’s why the media are activated against public knowledge of what happened.But burning money doesn’t generate power. And low-density interruptible electric generators don’t generate power reliably. More fine-tuned data are available showing how the failure of wind power triggered the calamity in Texas. The data-driven research firm Cascend created charts of ERCOT’s power generation reports, by source and by day, and found a pattern not previously understood by most. The wind turbines across Texas, with their rated capacity in the winter of 25.1 GW, fluctuated wildly all during February with some points as low as 3-4 GW actually generated, some as high as 22 GW. But then on Tuesday, Feb. 9, as the polar vortex began settling down across Texas, wind power generation fell precipitously to 2 GW, rebounded over that week only to 8 GW at most, and fell by Sunday-Monday Feb. 14-15 back down to 2 GW and was below 4 GW through Wednesday Feb. 17. That’s 80-90% of the rated wind capacity gone for more than a week, the loss of nearly 20 GW of power generation. In fact, that was a loss of nearly 20% of all power generation. Cascend’s charts show that natural gas power production ramped up slowly but strongly during the days from the 9th to the 18th, going from about 15 GW of generation to briefly as high as 40 GW on Sunday, Feb. 14—at which point it was replacing the lost wind power—but then failed on the disastrous Monday, Feb. 15, dropping back down to 25 GW. For that day and the following two, gas power was making up only about half of the lost wind power. (The small amount of solar power capacity that Texas has installed, rarely generating as much as 8-9% of total power, disappeared entirely.) Coal-fired and nuclear power generation also fell from Feb. 13 onward, but by much smaller amounts; they fell from a combined total of about 35% of power generated, to about 25%, with most of the loss coming from reduced generation by coal plants.

By Monday night Americans in parts of numerous Southwest and Western states were enduring rolling blackouts, some lasting hours in the deep sub-freezing cold of a polar vortex. Many lives were in danger for lack of power and/or electric heat. This shocking event must be a wake-up call to all those, from trade union members to high school and college students, who have been either accepting, celebrating or applying for work to the so-called “Green New Deal.” “Green” technology—throwback technology—can kill you.As in the electric grid emergency in Japan’s snowstorms in December, windmills are freezing up in Texas. That state’s 23% of rated electric power capacity which is wind, has largely stopped working, and more than 3 million Texans were without power Monday afternoon in near-zero temperatures. The Austin Statesman had reported Feb. 14 (“Frozen Wind Turbines Hamper Texas’ Power Output”) that wind power, usually rated at 25,100 MW in the state, was rated at just 12,000 MW on Sunday, and actually generating considerably less than that. The state’s regulator, Electric Reliability Council of Texas (ERCOT), was conducting load-shedding operations and warning of potential blackouts, which became actual with 10,500 MW of customer load cut-off on Monday. Late Monday, rolling blackouts were beginning to affect the Southwest Power Pool, involving parts of 15 other states. The states of the Midwest, gripped by the same polar vortex cold, were saved from blackouts by coal. An energy attorney on the board of the National Association of Regulatory Utility Commissioners and the Missouri Public Service Commission, Terry Jarrett, wrote a Sunday, Feb. 14 column on the Upper Midwest situation for the Montgomery News, in Lansdale, Pennsylvania, called “Coal Rescues U.S. Power Grid During Polar Vortex.” The Midcontinent Independent System Operator (MISO), which distributes power north from North Dakota south to Louisiana, in 15 U.S. states and Manitoba, Canada, said that on Feb. 10 coal was generating more than half of all power there in the polar vortex, some 41,000 out of 78,000 MW. Natural gas was generating 22,000 and nuclear 10,000 MW. Wind turbine output, predictably, fluctuated wildly, reaching 3,200 MW at most. Solar? 231 MW. “That means these much-vaunted renewable systems produced only about 4% of the electricity needed across 15 states,” Jarrett concluded. In Texas, some natural gas wellheads also froze, along with refining facilities in some locations. The great demand came both from the extraordinary cold, and from the freeze-up and failure of wind and solar power, the ready back-up power for which is almost always natural gas turbine electric plants. The Green New Deal has been coming at us for 20 years and more from an instigating center—where? In the British royal family, particularly Prince Charles, who is known along with his father Prince Philip for wishing, very publicly, that there were far fewer human beings on this planet than there are. Wind power is just one of the dangerous technological leaps backward it promotes. Just two weeks ago, a big Jan. 25-29 conference of the World Economic Forum, Europe’s center for the Green Deal, targeted “the cement, steel, aluminum and chemical industries, as well as the ships, planes, and trucks that move them.” It claimed these sectors “exceeded the total amount of carbon the world can emit.” And don’t get them started about food—the Chatham House/Royal Institute of International Affairs reported to that conference that you should eat no meat, only plant food, and less of that than you do now. Do you need any of these to live? Food? Electric power? Do you farm with animals? Work with chemicals or steel or cement? Stop kidding yourself that the Green New Deal is “infrastructure” and “jobs.” Put yourself in a car in Austin or Houston looking for heat in below-zero weather and to charge your phone. The Green New Deal is physical economic collapse, and deadly. What will save us? Cooperating with the other major countries that don’t accept this green nonsense—especially China and Russia. Build real infrastructure, especially nuclear and fusion power and space travel technology. Listen to the late Lyndon LaRouche, in a speech eight years ago, “No to the Green Policy; Revive the Credit System”: “So mankind has to change his policy: Dump the Green policy, which is presently the greatest single threat to humanity, that’s a killer! And we have to understand that it is the increase of man’s intelligence, which means also scientific intelligence, the ability to create, the ability to generate higher energy-flux densities per capita and per square kilometer of territory—these are the standards on which credit is generated. It’s to increase the population of the planet: increase it! Stop this killing people: increase it! Because we need more work done. We need, also, increases of the energy-flux density of the work being done. These are absolute necessities for us…. “So the point is, we need every human being. We need them to live longer and better. We need them to become more creative. We need to have their children better educated, and developed. We need an increase of the potential productivity of the human force, per capita and per square kilometer, and those are the missions that we must fulfill.”