Development Is the Name for Peace, Wall Street the Name for War
While the BRICS-allied nations, led by China, continue to push forward with economic development and human creativity, the danger of world war hangs over this planet because City of London and Wall Street policy is to confront and destroy Russia and China as economic powers.
In an new interview with EIR, the chief spokesman for the commission building the new Inter-Oceanic Canal through Nicaragua — a great project of infrastructure made possible by the emergence of the BRICS — insists that the United States and Europe must drop this "policy of confrontation" which "will backfire against them," and join the BRICS initiative, "a reality which is advancing." The other extraordinary new canal, through Suez, is also transforming the productivity of physical trade for production on the planet, and it, too, is part of the new "Maritime Silk Road" being developed by China for the economic benefit of a large number of nations. Egypt's and China's Presidents have had four days of historic meetings fashioning this.
This is what the United States must align itself with, in order to play a role in shaping what the economic future of mankind should be.
But the reasons the United States under Obama does NOT do so, have been flagrantly on display — and must be reversed. Wall Street and London, in their "Saudi oil sanction" ploy intended to destroy Russia's economy, have unleashed the financial furies on themselves, while only confirming Russian President Putin's determination to prepare to defend Russia in war. Seeking the destruction of Russia and China as powers for economic development, Wall Street is blowing itself up.
Now we face potential financial chaos from a Wall Street which has $10-20 trillion in derivatives exposure to collapsing oil-sector debt. And as more and more experts are realizing, Wall Street and Obama forced the sudden, Dec. 16 repeal of a key U.S. derivatives regulation, precisely because of this looming chaos — to provide that the U.S. government would have to bail Wall Street out of it.
To quote EIR Founding Editor Lyndon LaRouche in a statement on this outrage,
The whole so-called "fracking boom" itself, LaRouche said, is a fraud against economic productivity, and is dragging down the U.S. economy.
LaRouche and EIR have insisted that the Glass-Steagall Act be reinstated, as President Franklin Roosevelt intended, to crush the power of Wall Street — and in this crisis situation, avert the danger of world war which Wall Street's financial war is threatening. Some say the revolt which broke out against Wall Street's corruption of Congress has created a "Glass-Steagall moment." But the United States needs more: the creation of a system of national credit; the deployment of that credit for projects to increase productivity; the rapid development of thermonuclear fusion technologies. It needs LaRouche's "four laws."