Increasingly, Trump’s real base is concerned about only one thing — that he’d better succeed in rebuilding American industry and the crumbling infrastructure, creating thousands of jobs, or he will lose his strong support from working people. Trump is holding several meetings this week to prepare a campaign for a national infrastructure policy. Even if they come up with a competent program, it will be missing the means to finance it, which will be impossible without taking on the massive speculative bubble which has set the western banking system on a course for a near-term collapse far greater than that of 2008. The years-long fight by this organization to restore Glass- Steagall, re-establish a National Bank, and unleash the industrial and scientific potential of this nation, is increasingly reflected in discussions from every side of the political spectrum, as seen in reports below.
A Note To Readers
That President Trump recognizes the truth of the above statement was made clear by him in his comments on Steve Bannon yesterday, in which he used the Franklin D. Roosevelt 1932 campaign slogan to describe his victory last year: “Steve Bannon has nothing to do with me or my Presidency. When he was fired, he not only lost his job, he lost his mind…. Steve had very little to do with our historic victory, which was delivered by the forgotten men and women of this country.”
And it is only by doing exactly what President Roosevelt did on his first days in office in 1933– putting the speculative financial system into bankruptcy reorganization– that cleared the path for the greatest infrastructure building program in U.S. history. From great projects like the Tennessee Valley Authority (and its 29 dams on the Tennessee River and its tributaries), the Grand Coulee Dam, the Central Valley Project of California, the Rural Electrification program, and many more, to the thousands and thousands of smaller projects– sewer systems, water supply systems, flood control systems, airports, highways, post offices, and more– it was building the infrastructure of the nation that put millions to work and created the foundation for the nation to fight World War II.
The President must implement the only comprehensive policy that will both put the speculative system out of our misery and pave the way for a real productive economy. That policy is found in the new updated pamphlet by the LaRouche PAC: “LaRouche’s Four Laws & America’s Future On The New Silk Road. This week I include at the end of this report chapter 1 from that pamphlet: “Restore Glass-Steagall To Reclaim U.S. Banking from the Wall Street Casino.”
This Week’s Report
The first measurement of the state’s snowpack was on January 3, and virtually no snow was found. So the question still is being asked, “is this a new drought?” While the state water officials like to see December’s almost complete lack of any moisture falling from the skies as a cup half full, others are not so optimistic. But, as we all know, California weather is less than predictable, so everyone refuses to pretend they have a crystal ball. The photo of Mount Shasta, below, by my friend Jesse Maben summarizes the present bareness of the Sierras.
President Trump’s administration announced this week that he will deliver on one of his campaign promises made to the farmers in California. More water flowing to agriculture from the Central Valley Project is now under consideration.
The Colorado River, which some forget provides a significant part of the state’s water supply is forecast to also have a significantly ugly forecast for the year.
The Thomas Fire in Santa Barbara and Ventura counties at over 300,000 acres now, is a fire that could not be stopped, as reported in an excerpted article below. The extraordinarily conditions that created the largest fire in state history in December are reported in the article.
If the nation is to be rebuilt and we have once again a production oriented economy, then the work force must be sober. So, the announcement today by the Justice Department that it will crack down on legal marijuana by rescinding an Obama administration policy to not challenge state laws that allow people to use pot for medical and recreational uses, is a step in the right direction. Best of all, it will scare the shit out of the millionaire investors who, like the British in China in the 19th century, seek to profit off the destruction of peoples’ minds.
While California infrastructure usually is most visible in the roads, bridges and dams, the less visible elements like flood control represent a more serious danger to most in the state. The flood plains and the levee system, while often not able to handle an atmospheric river or two, the entire system can be washed away by a mega-flood, like that of 1861-62, which saw the Central Valley under 10-20 feet of water.
So, the President’s call to Democrats this week to, “Bring Me Infrastructure!” should be welcome by all.