This article is the third in our new campaign, "The Decisive Battle in the War for the Republic, Put the Fed Into Bankruptcy; Create the Third National Bank."
The first thing you will observe, as you think about the required economic revolution which we must begin making right now, is that we are a physical economic wreck. Years of looting of our economy by the Fed and Wall Street’s megabanks, changed us from a scientific and industrial powerhouse into a financialized gig and service economy. It has already taken a deadly toll. Joe Biden’s green New Deal, undertaken at the behest of the billionaire oligarchs that parade through Davos, is making things much, much worse.
However, we stop and reflect. Our Republic has faced and emerged from such devastation in the past by making things completely anew, by revolutions based on our enormous and unique American made potential. “Time’s now a wastin” respecting the revolution we must together make.
We must become, yet again, an industrial and technological powerhouse. A full set self-sufficient economy, we must soon double and then triple our productive workforce; and we must massively increase our production of steel & aluminum, cement, fertilizers, housing, and, otherwise, an increasing array of durable manufactures. The creation of a rich national culture will be part of our ongoing creation, if we are sane, creating the basis to knit our country back together again as we celebrate the actual ongoing accomplishments which will unite us.
To our greatest advantage, we are a constitutional republic, even if frayed. Under our Constitution, the powers of the actual institution of the US Presidency are defined, along with the relationship between our states and territories and the federal government. We must own our rich inheritance.
The overarching, thematic material in this revolution must be our deliberation on the future: What do we wish our United States – and the world – to look-like in 10 years, 25 years, and then 50 years? Two generations hence. The overall intention of our composition, our chosen future in mind, must determine the present. That is, even while we pull ourselves up by the bootstraps! This composition will determine the nature and content of the credits for development which will be issued by a Third National Bank and national commercial banking after we have destroyed the power of the former Fed and central banking system.
Our Requirements for Durable National Survival
We must become a nation of producers again. Just shove aside the Biden collective and that “uniparty” crowd in Washington, DC. Look here at some of the most important requirements, our requirements as a nation. There can be no question: this will take the ‘brains and brawn’ of our remaining privately-held agro-industrial productive sector, and truly representative government at all levels, to solve.
Look now at our requirements, not as overwhelming problems, but as are our challenge – as prior generations of Americans have risen to the challenge before us. A review – and here is simply an informed sketch of thematic material – makes clear that we must ‘starting moving a lot of dirt,’ but where do we start?
Skilled Labor, Science & Education: Providing the qualities and quantities of real skills needed for science, industry, and culture required for nation building.
Heavy Industry: Mining, steel & other metals, concrete, machine-building, fertilizers.
Energy: We have been starving ourselves! Requirements include a need for 300 gigawatts more of nuclear power, 200 GW just to double and then triple manufacturing.
Railroad & Truck Transport: the supply chain crisis has exposed our lack of national capacity.
Fresh Water: Nuclear desalination plants and new water and flood control projects across the nation. Per-capita water use by industry and municipalities has been falling for five decades. Total use in agriculture and mining has fallen as our population has increased by over 100 million.
Healthcare: Solving the immediate crisis-level shortages of actual healthcare workers, reopening and updating rural and urban hospitals, and returning to Hill-Burton Act standards of access to patient care, both acute care and preventive care. Hundreds of thousands of doctors and more than a million nurses are required.
Agriculture: What do we need produced for national food security – and that means ensuring new generations of family farmers?
The Municipal Infrastructure Crisis of our urban and rural communities.
Home Building: we have a shortage of over 500,000 starter homes for new families.
Repopulating Our Heartland. We can start with existing small cities and towns that can ‘build up-and-out’ with a productive diffusion of American heavy industry and manufacturing throughout the entire ‘blood stream’ of America so that we are producing all essential goods right here on a modern infrastructure, energy, and transportation platform.
Targeting Use of Our Human & Material Resources
So, it can seem to be overwhelming. There is clear urgency in carefully targeted infrastructure and other key overall investments at the start, given our current, stretched physical capacities, including the transportation and broader logistics network. Such problems are not solved --they have never has been solved --by top-down decisions. Rather, they are solved at the level of the proverbial ‘two-way street’ of dialogue with those in position to analyze economic potential from a state and regional, and then, integrated national perspective.
We certainly must take into account the ongoing free-fall in the real US economy, as witnessed in rising inflation, and the breakdown of “just-in-time” --outsourced to other countries -- manufacturing and “supply chains.” A US trade deficit of one trillion dollars in 2021, now chokes our “just-in-time”- driven transport system! But the supply chain breakdown is only a symptom, not the cause of the crisis. We are out to address the underlying causes by creating an economic revolution and becoming a full set, scientifically and technologically advancing economy once again.
How to get a Vivid Snapshot of Our Economy
We have to know where we are starting from. How can we best get an optimistic and realistic overview of our nation’s economy? These are the resources we will initially enlist in this fight:
- YOU. Student, machinist, home builder, retired public works worker, engineer, building trades union member, healthcare worker: what you know is critical. Statistics are one thing, but how do we make our economy breath again and grow!?! Don’t hide your talent under a bushel basket.
- Our private productive companies and family-held firms. Their owners and employees have insights into what is working, and – most importantly – can work. They have an often-inherited, almost instinctual knowledge of the production capacities of the US in its best moments, as with the TVA, WWII mobilization, and the Apollo space program.
- Our Governors and States Traditionally elected as actual ‘managers’ of the economies of their states, our governors collaborate with business leaders, business, and labor. Not only to survive, but to prosper. We need to create collaboration between civic organizations, utilities, universities & research institutions, and the state’s municipalities. State legislators are close to the grass roots, and can affirmatively reach up to bend Congressmen to their ear. Also important in this regard are the economic development agencies (EDA’s) of each state. (Whether state agencies or perhaps business councils appointed by their governors.) No longer just involved in marketing their respective states, they have taken an increasing role in developing ‘innovation policies’ in their state and in their regions, including in apprenticeship programs, public education programs, and infrastructure development such as energy.
- Labor Unions and other Organizations We have a long organized labor history reaching back to the middle of the 19th century. We have national apprenticeship programs built by labor organizations, and often in close coordination with private industries which work. Their best practices should be studied and spread.
Every region has its own critical priorities, from the standpoint of physical economic growth. Our vast country varies by region, with rich histories and capabilities – the now-booming, industrializing Southern States; the Northeast, birthplace of our nation and a center of scientific research and skills; the Gulf Coast and its energy and manufacturing and agriculture; the West Coast and its scientific, aerospace and other capabilities; the Midwest with its machine tool, manufacturing, verdant agriculture and the central internal transport nexus of the nation: the Great Lakes, MissisRiver and massive rail hubs. There is the enormous pent-up potentials of our Great Plains states, West from the Mississippi to the Rocky Mountains. With fifty percent of all of our western states now locked up and owned by federal agencies, here are enormous ‘frontiers’ to be developed, with water works, rail, agricultural and resource development, city building, scientific institutions, and modern forms of heavy industry and manufacturing.
The idea here is to play. Play, as creative personalities are wont, not only with baseline figures and requirements for a real US infrastructure budget, but with a living and breathing comprehension of the enormous potentials of our nation, coast to coast. Along this path, we can proceed to consider and prioritize the national credits required from a Third National Bank.
The idea here should be to consider the basic categories of hard and soft infrastructure for issued, targeted national credits. What and where are the total investments to expand based on our physical resources and existing, qualified manpower?
Really “Scaling Up”
We don’t know what actual leaps we can accomplish, in scientific and technological advances in productivity and output at the outset of this journey, including in the critical dimension of manpower training. For instance, what supply chains can we effectively shorten by up-shifting our labor force employment skills, or 3-D printing as it might move into mainstream manufacturing?
We may not be able to actually invest $2 trillion in National Bank credits in the first year. That is, in actually ‘moving dirt.’ We are not out to clog the arteries and fuel inflation. Quite the opposite. However, while moving as much ‘dirt’ as required and possible, the legally-binding dedication of monies for the future growth pipeline is critical for small and large companies, government agencies (NASA), the Army Corps of Engineers, waterworks contractors, etc. With that dedication of funds they can commit to produce, borrow against future contracts, and begin to scale up capacity now. Actual national credits are key – actual contracts, soft loans or loan guarantees in hand. These provide the basis to borrow and fund critical investments for the firms undertaking them. This, in turn, drives the rebuilding of the US manufacturing sector, to fill orders. Do we want heavy forging capacity built? Do we want turbines to be built and ready for power projects on which we now break ground? Do we want our farmers to know they can plant or grow their herd, because the nation backs them, 100 percent? All of this depends on dedicated credit.
Labor and Materials Shortages
A real limiting factor at the start will be the short-supply of raw, semi-finished and finished goods available to fill the bill of materials of all the various projects at each moment. Now, taking into account the further breakdown of the US economy, as witnessed in the so-called “supply chain” breakdown, this is even more true. Again, it lends urgency to carefully targeted infrastructure investments at the start, that don’t overload and therefore only further “clog” the arteries of the economy. Base-load energy, fresh water, and transportation are obvious priorities, but where and how? We need to enlist the private sector and state governments in providing insights and direction.
What about training our labor force for this mission? A two-tier Space CCC, training youth in basic industrial and scientific skills as well as working on critical projects, like maintenance of our now- burning forests, comes to mind. We require a growing supply of motivated semi-skilled and skilled labor, as well as engineers and scientists, to accomplish the tasks before us. In the short term, can we draw-on manpower now devoted to the military-industrial complex? What about our returning veterans?
The Biden infrastructure bill, now law, has also ‘muddied the waters’ significantly. What is now actually funded, over an 8-10 year period? (Some of the monies may actually be spread out, in terms of the actual spending, over several more.) Can elements of it be withheld, in terms of appropriations, or even diverted to other more useful purposes? What also needs to be repealed? This also now is an important matter. The Biden collective has been hard at work to kill potential for growth, including energy, water, and real science. That needs to be reversed.
Building Our Future
A 2022, post-midterm, new “industrial policy” – or better said, Hamiltonian or Lincoln ‘Green Back’ policy – for the country can take the form of trade protection, tax credits, direct subsidies, loan guarantees, and favorable government loans and credits. Federal credits can work through already existing state alliances and consortia, special regional state consortia (water projects for example), the respective state governments (as President Trump understood) or in conjunction with special consortia of private companies, as were created to actually build the TVA, Hoover Dam, Grand Coulee Dam, etc. Projects organized under the auspices of the Army Corps of Engineers also come to mind. There are lots of different ways to utilize federal credits that then flow through the private banking system, many of them having been employed in our productive past. Such projects can then become the locus for on-the-job training and a collaboration with skills-training programs and more.
"Become an Apprentice" - State of New York, Department of Labor