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In a March 8 statement Helga Zepp-LaRouche asserts:
"If the EU and the individual European member states now
sabotage Trump’s intention to end, together with Russia, the Ukraine
war which was a proxy war between the U.S. and Russia from the
beginning, then they are making a catastrophic historical mistake. If
they then also attempt to finance the enormous lack of military
capabilities by creating money outside the regular budgets, they are
repeating German Reichsbank President Hjalmar Schacht’s policy
of Mefo bills from the
1930s. At that point, the great war with Russia and with all the
countries with which Russia is in a strategic partnership would become
a self-fulfilling prophecy!"
It's not only the EU which is pushing delusional financial
schemes, but members of the Trump Administration, apparently with the
President's approval, are recklessly moving toward merging the U.S.
Treasury and (unconstitutional) Federal Reserve with the crypto
currency domain, which will ultimately blow out whatever stability is
left of the U.S. dollar.
There is a precedent for these schemes which didn't end well,
referenced by Helga Zepp-LaRouche above.
The United States needs to return to a solid,
production-based economy, driven by a commitment to scientific and
technological advancement which is the only way to raise the standard
of living of the American people and create the conditions for
peaceful relations with the rest of the planet.
This week, I will be joined by EIR editor economics expert Paul
Gallagher who will explain the Mefo bills policy of 1930's
Germany so that we can avoid repeating such a catastrophic error.
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