Nov. 14 (EIRNS)—So reads the headline of an op-ed yesterday by Wang Yiwei, director of the Institute of International Affairs at China’s Renmin University, writing in Global Times….
He recommends that the two countries could work together on infrastructure, perhaps first in developed countries, such as regional cooperation in the U.S. Midwest, and also on military resources; a challenging proposal. Defense Secretary Mattis has said that 19% of U.S. military facilities are idle, Wang reports. These facilities could be developed by Chinese enterprises, he suggests. Cooperation could also be strengthened in the Maritime Silk Road context, regarding navigation, logistics, and maritime industry.
The U.S. and China could establish a “global infrastructure investment bank,” alongside global interconnection and global development programs. He concludes that such initiatives “will serve the two nations’ interests and benefit the world. What’s more, functional participation and constructional cooperation has always been what Trump aims for.”
(The full article can be found below in the last section of this report, “Feature.”)
A Note To Readers
For more than three years in these weekly reports I have stressed that California’s water future will be determined by developments and policies that originate outside the state. For, it is the direction of the nation in returning, or not returning, to being what we once were: A nation that understood that the future of us all is shaped by investments in science, technology, industry, agriculture and infrastructure. As we gave up that idea over the decades since the assassination of President Kennedy, the nation has been falling apart, young people are lost to drugs or a life of impoverished entertainment, and even the life expectancy of our citizens, for the first time in our history, is falling.
But, a new spirit has begun to grip the American people, but that spirit must be informed of what the policies required must be.
So, we begin this week’s report with this:
On Tuesday, Pres. Donald Trump arrived back in Washington, D.C. from a five-nation Asian tour, including the formal ASEAN and APEC summits, characterized at every stop on the way, by his expressions of personal friendship, and good will on behalf of the American people. As he said in Manila in his remarks to the ASEAN plenary: “I’m honored to represent the United States of America at this U.S.-ASEAN Commemorative Summit. We gather today at a time of great promise and great challenge. I speak to you on behalf of 350 million Americans with a message of friendship and partnership…”
The Presidential address by Trump on Wednesday essentially announced that the United States has taken a big step toward restoring the American Credit System, as President Trump buried the neo-liberal/neo-con scam of “free trade” once and for all. Only fair trade will now, and forever more, be the policy of the U.S., the President said. Excellent, Mr. President, now let us restore the Glass-Steagall banking law and create that National Infrastructure Bank.
Here is a link to a good overview of the President’s trip: “Mission Accomplished: Trump ‘Friendship’ Tour of Asia Completed; Now Spread the Momentum for a New Era.” https://larouchepac.com/20171114/mission-accomplished-trump-friendship-tour-asia-completed-now-spread-momentum-new-era
In This Week’s Report
Here it comes, the first atmospheric River of the rainy season. Shall it be the first of many or not? She may decide; La Nina, that is.
The Oroville Dam update this week includes reports on the construction schedule going forward and an interesting perspective reported by New Civil Engineer, including this statement: “Physical inspections, while necessary, are not sufficient to identify risks and manage safety. At Oroville Dam, more frequent physical inspections would not likely have uncovered the issues which led to the spillway incident,” says the IFT report.
The Delta tunnels have a long history, and a report from Water Deeply provides that history.
While temperatures in some parts of the world and some parts of the U.S. have been rising the past few years, local and regional affects do manifest themselves. That this is all due to “man-caused climate change,” as I have stated repeatedly, is, to be blunt, bullshit. Nevertheless, the affects of warmer temperatures in the west are real. So, discounting the propaganda in reports on these affects, two reports are included in the section below titled, “Rising Temperatures in the West.”
“What is money and what is credit in the real physical economy?” begins the final section of this report on the American Credit System– How to Build Infrastructure