EIR Daily Alert Service, THURSDAY, SEPTEMBER 26, 2019
THURSDAY, SEPTEMBER 26, 2019
Volume 6, Number 191
EIR Daily Alert Service
P.O. Box 17390, Washington, DC 20041-0390
- ‘An Unbelievable Historic Moment: We Must Change the Agenda Completely!’
- Urgent Mobilization Required To Ensure Funding For Artemis Moon-Mars Mission!
- Transcript of Trump-Zelensky Phone Call Released-Investigate the Coup Attempt
- Governor Bevin Argues Uninformed, Emotional, Privileged Teens Shouldn’t Make Energy Policy
- A New English Civil War?
- Thomas Cook Collapse Is Only the First in 2008-Type Credit Crunch
- China’s Wang Yi Tells Americans, Let’s Work Together for Us Each To Meet Our Development Goals
- Over 500 Scientists Assure UN’s Guterres, ‘There Is No Climate Emergency’
- IMF Policies Put Zimbabwe’s Children at Risk, as Bankers’ Stooge Greta Thunberg Looks Other Way
Sept. 25 (EIRNS)— The above words were spoken by Helga Zepp-LaRouche today in her strategic webcast for the Schiller Institute. Consider the truly history-altering events of the past 48 hours.
• The second week of U.S. Federal Reserve actions to stave off a collapse of the banking system saw another $180 billion pumped into the system, bringing the total to over $500 billion, with continuing calls to unleash new QE before the entire Western banking system crashes. Bankruptcies broke out across Europe, in part due to the credit crunch in the real economy, leaving over 22,000 newly unemployed.
• At the Climate Action Summit in New York, the scene of the abused and deranged child Greta Thunberg driven by her controllers to a near psychiatric breakdown while ranting about doomsday, the actual controller of the massive climate hoax, Mark Carney, the head of the Bank of England, gave the key speech at the climate event. While this scheme is intended to create a new “green” bubble to prop up the massive derivative bubble, it is also meant to create a justification, and perhaps even laws, to prevent lending to anything which produces carbon—i.e., essentially all industry, transportation, construction and agriculture in the world. As the newly released EIR report states in its headline, “ ‘CO2 Reduction’ Is a Mass Murder Policy Designed by Wall Street and the City of London.”
• In the U.S., the crazed Democratic Party, facing the imminent exposure of the Obama Administration’s criminal collaboration with British and Ukrainian intelligence networks in their effort to bring down the President of the United States, and the failure of their “Russiagate” scam and their “racist” accusations to bring down Trump, announced an impeachment inquisition based on Trump’s quite normal cooperation with the new Ukrainian government of President Volodymyr Zelensky. Zelensky came to power on a pledge to root out the corruption in the neo-Nazi-aligned Poroshenko regime which had been placed in power through a coup in 2014 run by the same Obama Administration circles now frantic to stop Trump.
• In the U.K., a crisis now being compared to the English Civil War in the 17th century, the newly instituted Supreme Court (created by Tony Blair) usurped power from the Prime Minister to reverse his suspension of the Parliament, while the Parliament recently also usurped the power of the Prime Minister in ramming through a bill to prevent Brexit. Now Boris Johnson wants a general election, to “allow the electorate to decide,” but the opposition is blocking an election in the belief (almost certainly correct) that they would lose severely.
The point being made by Mrs. Zepp-LaRouche is that none of these crises, nor the extreme danger of war between nuclear powers now facing mankind, can be resolved one-by-one. It is a moment of truth for the human race, in which the record of Lyndon LaRouche must be recognized, through his exoneration by President Donald Trump, and his policies implemented, as the truly revolutionary changes which they are. The system is beyond repair, it can only be replaced. The enemies of Donald Trump are same enemies who incarcerated Lyndon LaRouche, but who now stand exposed for their treasonous intent. William Weld, the U.S. Attorney who oversaw the prosecution of LaRouche and his associates, is now trying to mount a campaign against Trump in the Republican primaries—and this week he declared Trump guilty of treason and called for his execution.
Helga Zepp-LaRouche stated in her webcast today: “This is just beyond the beyond, and people should just understand who William Weld is. He was the U.S. Attorney in Boston who was the key instigator in the entire case against my late husband, Lyndon LaRouche. He was the perpetrator of what Ramsey Clark correctly called the biggest injustice in American history. And he is now the same person behind the attempt to oust Trump from office, one way or another.”
“I think this all can backfire,” she continued, “and it just brings up the necessity to really go for the exoneration of Lyndon LaRouche, because this thing will backfire. This can potentially bring the entire truth out of what has been going on in American politics for the last several decades. And I can only tell people, this is going to bring the truth out about what happened, and you should be tuned into it, and help us to get this truth out.”
U.S. POLITICAL AND ECONOMIC
Sept. 25 (EIRNS)—The Artemis Moon-Mars program to land the first woman on the Moon in 2024 is in very immediate danger. The needed $1.6 billion for the first year has already been denied by the House, and now cut in half by the relevant Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies.
Senate Appropriations meets on Sept. 26. Anyone who believes in this program, who has a Senator on Appropriations, must be on the phone with him or her Thursday morning to get the full $1.6 billion restored—and then, later, on the phone with the negotiators from both houses to the same end.
NASA Administrator James Bridenstine has said that he will not move money from one program to another against Congressional intent—so, unless the $1.6 billion is restored now, this may be the end of Artemis.
The Senate bill increases NASA’s budget to $22.75 billion, which is $1.25 billion more than NASA got in FY19 which ends on Sept. 30, and $435 million more than the White House requested. It restores funding for programs the administration cut, such as the Education Office, a couple of Earth science missions, and the advanced upper stage for the Space Launch System. As the House appropriations bill has no funding for Artemis, a compromise will have to be reached. The long pole in the tent for the 2024 deadline is the manned lander, which without adequate funding could not be ready in time.
The Artemis mission is already a bare bones architecture, and it is the lander that will be in trouble without the necessary support.
Sept. 25 (EIRNS)—President Trump today released the transcript (based on notes by the National Security Council staff) of his July 25 call to President Volodymyr Zelensky of Ukraine, congratulating him on his sweep in the Parliamentary elections. As Trump has already publicly explained, he spoke with Zelensky about carrying out a full investigation of the role by the former government of Petro Poroshenko in the criminal effort to prevent Trump’s election and to run a coup after his election. Trump is clear: “I would like you to do us a favor though, because our country has been through a lot and Ukraine knows a lot about it. I would like you to find out what happened with this whole situation with Ukraine, they say CrowdStrike…. There are a lot of things that went on, the whole situation.” CrowdStrike is at the core of the nexus between British intelligence, Ukraine’s neo-Nazi government under Poroshenko, and the coup attempt against Donald Trump.
Trump requests that his lawyer, Rudolph Giuliani, and the Attorney General William Barr be in touch to root out this criminality. He included the fact that former Vice President Joe Biden had bragged about his intervention to get the prosecutor fired who had been looking into the $3 million Biden’s son was wiring out of the country. But, as Trump had already stated, there was no quid pro quo requested.
Trump also made clear what he thought about the Poroshenko team, telling Zelensky that the former U.S. Ambassador to Ukraine Marie Yovanovitch “was bad news, and the people she was dealing with in the Ukraine were bad news.” Zelensky was delighted to hear that, responding: “It was great that you were the first one who told me that she was a bad Ambassador, because I agree with you 100%. Her attitude towards me was far from the best, as she admired the previous President and she was on his side. She would not accept me as a new President well enough.”
Sept. 25 (EIRNS)—Governor Matt Bevin of the coal-mining state of Kentucky pointed yesterday to the painful lives in poor countries where the lack of development of fossil fuels forces families to rely on such energy sources as “dung fires,” in reference to Greta Thunberg’s tirade at the UN Climate Summit.
Bevin chaired the annual meeting of the Southern States Energy Board (SSEB), which brought together coal and other business executives and state officials from around the region. Several federal officials and the Oklahoma Gov. Kevin Stitt and Wyoming Gov. Mark Gordon also participated in the meeting, focused on “Low Cost Energy: Foundation of a Manufacturing Renaissance.”
“She’s articulate. She’s an intelligent woman—young woman. She’s very emotional; she’s very passionate and she’s remarkably ill-informed,” Bevin said when asked about Thunberg’s speech, the Louisville Courier Journal reported.
At another point in the SSEB, he elaborated that Thunberg is “trying to shame the leaders of the world into doing things that, frankly, are not possible.”
“Everyone is enamored with emotion and a remarkable lack of facts and a lack of bold perspective and a lack of historical perspective that comes out of the mouths of teenagers who’ve grown up in a privileged environment where things are on demand and every time you flip a switch on something is there,” Bevin said. “And yet we find ourselves enamored to the degree that we now espouse and confer a degree of wisdom upon people who are not wise….
“If these very articulate and emotional and passionate young people who get fired up in their first world lives about what’s happening in the world that they’re unaware of, had even this base level of knowledge and information, it would be powerful. It’s our responsibility to make sure that young people and old people all understand these basic fundamental facts,” he said, reported the Courier Journal.
Bevin concluded the press conference he gave with the two other governors present, with a firm, passionate statement of the responsibility the United States holds as an energy-rich, technologically developed nation. “If you visit Africa, as I have,” he said, “you see the pollution, the degradation of air and water quality suffered by people who don’t have the technology and resources we have. We are not heating with dung fires—with all that means for the health of people.”
“Nothing has done more to lift people out from poverty than cheap, reliable energy,” and, we have “an obligation not only to use it for our people but to export it to the world,” he concluded.
Sept. 25 (EIRNS)—In the current strange circumstance, in which the government of the United Kingdom wants a new election and the opposition refuses to allow it, Prime Minister Boris Johnson spoke to the re-opened House of Commons tonight, addressing Labour Party leader Jeremy Corbyn: “Is he going to vote a no confidence in this government. Or is he going to dodge a vote of no confidence in me as Prime Minister in order to escape the verdict of the voters?”
Corbyn is claiming he won’t support a new election until Johnson takes the no-deal Brexit off the table, but it is clear that Corbyn knows, or expects, that Labour would lose such an election, and Johnson would emerge with a more stable majority.
With both parties in a state of turmoil, the parallel to the English Civil War was practically played out in the Commons earlier today when Attorney General Geoffrey Fox gave a speech sounding very much like Cromwell shutting down the rump Parliament in 1653. (A 1970 film, “Cromwell,” with the lead played by Richard Harris, depicts Oliver Cromwell raging at the MPs: “An unmovable Parliament is more obnoxious than an unmovable King. You are drunkards, tricksters, whoremasters, no more capable of conducting the affairs of this nation than of running a brothel.” After more of this, he called in soldiers to throw them all out.
Attorney General Fox called in no soldiers, but he said the following: “This Parliament is a dead Parliament. It should no longer sit. It has no moral right to sit in these green benches…. Twice they have been asked to let the electorate decide upon whether they should continue to sit in their seats, while they block 17.4 million people’s votes [to exit the European Union]. This is a disgrace. Given the opportunity, they could vote no confidence at any time, but they are too cowardly to have a go. They won’t, because what they are really about is preventing us from leaving the EU at all. But the time is coming, Mr. Speaker, when all of these turkeys won’t be able to prevent Christmas.”
COLLAPSING WESTERN FINANCIAL SYSTEM
Sept. 25 (EIRNS)—The bankruptcy of the Thomas Cook Group travel agency on Sept. 22, is the result of a credit-crunch phenomenon that is similar to the 2008 financial crash. As the costs of interbank lending rise, it has become more expensive for banks to share the risk of their loans to non-bank companies. Therefore, companies with large debt, which, up until this point, were able to have their loans rolled over, have become too great a risk for the banks. Thomas Cook can be seen as the first victim of this phenomenon, with many more potential victims to come. While it was first announced that Thomas Cook had £1.7 billion in debt, court documents revealed its balance sheet had a deficit of £3.1 billion.
The negative interest-rate policies of the national banks have added a hitherto unknown element of unpredictability in the credit markets. Somehow, the normal connection between risk and interest rates seems to be decoupled.
Today, Sept. 25, one of Northern Ireland’s largest employers, Wrightbus, transport vehicle manufacturer, collapsed. Dubbed the “Boris Bus” because, when Boris Johnson was Mayor of London, he had bought 600 of them, its collapse threatens 1,300 jobs, mostly in Ballymena, where it is based. Similar to Thomas Cook, it was in negotiations with prospective buyers, including the Chinese engineering group Weichai when a firm led by Jo Bamford, heir to the construction machine manufacturer JCB, pulled out of the talks. The collapse is also a victim of the Brexit crisis, since a significant number of the parts for its buses, including chassis and engines, are sourced from companies in the European Union.
“This morning Wrightbus entered administration as all potential bidders had withdrawn from a sales process,” Unite Regional Secretary Jackie Pollock said. “Prime Minister Boris Johnson has made great play about how he stands strong for British industry. He must now intervene to safeguard these workers’ jobs and skills and a future for Ballymena by nationalizing this business,” he said.
It is now further reported that Metro Bank, a relatively small British Bank, is in trouble and already conjuring up the ghost of Northern Rock, a big British mortgage lender that collapsed in 2008. According to the Guardian, the bank is unable to come up with the funds in order to fulfill the requirements for MREL, “the minimum requirement for own funds and eligible liabilities,” under the new bank resolution rules of the Bank of England and EU regulators. The requirement must be met by the end of this year, which is now called into question. It was widely reported that the bank’s attempt to raise £250 million in a bond issue bearing 7.5% interest had flopped. The bank, which has £21 billion in assets, saw its share price collapse from £40 to 175 pence in the last 18 months, following the bank’s announcement in January that it had allocated £900 million of loans to the wrong risk bracket, which prompted a regulatory investigation. While it was able to raise £350 million from shareholders, analysts now openly question whether it will be able to come up with the necessary funding.
This wrongly estimated value of its assets is exactly what the European Central Bank stress tests have systematically failed to assess, by trusting data from the banks’ own models. Metro Bank is a smaller financial institution, but in these times, confidence is a rare commodity on financial markets, and contagion could be easily triggered. Metro had put a low risk-weighting on its commercial loans (50%), and has now corrected it to 100%. A closer look at the books shows that there is little “commercial” in those loans. For instance, one borrower was Crispin Odey’s fund which has bet £19 million against Metro’s shares. Odey took a short position on Jan. 16 and today has a gain of £75 million, which is 2.7% of the entire capital stock. De facto, Metro Bank has financed its own larger short-seller.
Aston Martin, manufacturer of James Bond’s favorite sports car, is in trouble. It just barely managed to raise $150 million at a 12% interest rate in 3-year bonds. Cash is needed to complete the launching of its new DBX SUV in December. It will need another $100 million, which would have a 15% interest rate! One catch is that they have to come up with 1,400 pre-orders of the DBX, which will have a starting price of £140,000.
Hedge funds have been taking short positions in Aston Martin’s debt and equity since its stock sank 75%. Ratings agency Standard & Poor’s has cut Aston’s credit rating by one notch to CCC+, which is deep into junk territory.
THE NEW GLOBAL ECONOMIC ORDER
Sept. 25 (EIRNS)—Chinese Foreign Minister Wang Yi emphasized the great potential offered by cooperation between the great nations of the United States and China for their own development, and that of the world, in a public policy speech addressed to Americans, delivered at the dinner in New York City last night co-hosted by the National Committee on U.S.-China Relations, the U.S.-China Business Council, the U.S. Chamber of Commerce and the Council on Foreign Relations.
Wang argued that “the development goals of China and the United States are not mutually exclusive, and the two sides may work with each other well to attain their respective goals,” Xinhua reported. “China’s renewal will provide the United States with a stable and sustainable market for the long run and a vibrant United States will provide China’s development with a better external environment,” Wang argued, according to Xinhua.
Negotiations should not be conducted under unilateral threats, nor can China be asked to give up “its legitimate and reasonable right to development,” he said, but since both China and the United States are countries with great wisdom, a resolution of the trade dispute can be found through dialogue on an equal footing. “The key is to be open-minded and respect each other’s right to development and appreciate each other’s accomplishments,” Xinhua quoted him as saying.
Our economies are now deeply interconnected; today, neither China nor the United States can move ahead without the other, he argued. Both countries, and the whole world will be harmed by friction between us.
SCIENCE AND INFRASTRUCTURE
Sept. 25 (EIRNS)—In a Sept. 23 letter addressed to UN Secretary-General Antonio Guterres and Executive Secretary of the UN Framework Convention on Climate Change Patricia Espinosa Cantellano, more than 500 of the world’s leading scientists declare that “There is no climate emergency.” The letter grew from the Petition on Anthropogenic Global Warming delivered to Italian government agencies by leading Italian scientists in June 2019, then circulated throughout Europe and the U.S. More scientists continue to add their names. The letter will be presented in a press conference in Oslo on Oct. 18. It will also be presented in a room in the Italian Senate, hopefully connected with Oslo.
The letter reads:
There is no climate emergency.
A global network of more than 500 knowledgeable and experienced scientists and professionals in climate and related fields have the honor to address to Your Excellencies the attached European Climate Declaration, for which the signatories to this letter are the national ambassadors.
The general-circulation models of climate on which international policy is at present founded are unfit for their purpose. Therefore, it is cruel as well as imprudent to advocate the squandering of trillions of dollars on the basis of results from such immature models. Current climate policies pointlessly, grievously undermine the economic system, putting lives at risk in countries denied access to affordable, continuous electrical energy.
We urge you to follow a climate policy based on sound science, realistic economics and genuine concern for those harmed by costly but unnecessary attempts at mitigation.
We ask you to place the Declaration on the agenda of your imminent New York session.
We also invite you to organize with us a constructive high-level meeting between world-class scientists on both sides of the climate debate early in 2020. Such a meeting would be consistent with the historically proven principles of sound science and natural justice that both sides should be fully and fairly heard. Audiatur et altera pars! [Listen to the other side.]
Please let us know your thoughts how we bring about such a momentous joint meeting.
Yours sincerely, Ambassadors of the European Climate Declaration
Professor Guus Berkhout—Netherlands, Emeritus Professor of Geophysics, Delft University of Technology, Member of the Royal Netherlands Academy of Arts and Sciences
Professor Richard Lindzen—U.S.A., Department of Earth, Atmospheric and Planetary Sciences, MIT,
Professor Reynald Du Berger—Canada, Emeritus Professor of Geophysics at the L’Université du Québec a Chicoutimi
Professor Ingemar Nordin—Sweden, Emeritus Professor Philosophy of Science, Linköping University
Terry Dunleavy—New Zealand, MBE, co-founder (2006) and honorary secretary, New Zealand Climate Science Coalition
Jim O’Brien—Republic of Ireland, Chair, Irish Climate Science Forum, Expert Reviewer IPCC AR6
Viv Forbes—Australia, Geologist with Special Interest in Climate, Founder of Carbon Sense Coalition, Queensland
Professor Alberto Prestininzi—Italy, Professor of Practical Geology, Università di Roma La Sapienza; previously, Scientific Editor in Chief Italian Journal of Engineering Geology and Environment and Director of the Center for Forecast Research, Prevention, and Control of Geological Threats (Centro di Ricerca Previsione e Controllo Rischi Geologici—CERI), Università di Roma La Sapienza
Professor Jeffrey Foss—Canada, Professor of Philosophy of Science, University of Victoria, Victoria, B.C.
Professor Benoît Rittaud—France, Associate Professor of Mathematics at University of Paris-Nord, President of the French Association des Climato-Réalistes
Morten Jødal—Norway, Biologist, former biologist and chemist with the Norwegian Research Council; former general manager with the Center for Development and the Environment at the University of Oslo
Professor Fritz Vahrenholt—Germany, Institut für Technische und Makromolekulare Chemie der Universität Hamburg
Rob Lemeire—Belgium, Publicist on Environmental and Climate Issues,
Viscount Christopher Monckton of Brenchley—U.K., Peer of the Realm and author of several reviewed papers on climate.
Sept. 25 (EIRNS)—With its economic policies and financing dictated by a genocidal IMF “debts before people” program, the Zimbabwe government now lacks sufficient foreign currency to import the chemicals required to operate the main water treatment plant for the nation’s capital, Harare. In the midst of a drought, the plant is currently shut down, and more than 2 million residents in the capital and surrounding towns are now without water, Associated Press reported yesterday. Deputy Mayor Enock Mupamaonde told AP the number of people affected is probably much greater; he estimates another 2 million people enter Harare daily to conduct business. AP’s story describes some of the horrors that have resulted, including children standing in line for hours to get a little water from a well instead of going to school; overflowing toilets in schools and homes; and people drinking from stinking, polluted reservoirs. In the six months of January through June, Harare had registered more than 850 cases of typhoid cases, along with a surge of diarrhea and other water-borne disease cases, as a result of the exposure to unclean water, the capital’s Herald reported in July.
The cost of importing the needed water-treatment chemicals is reportedly a mere $2.7 million a month—a piddling sum relative to what the City of London’s bankers who run the IMF spend to bankroll the activists and propaganda for their Malthusian “climate emergency” hoax to deindustrialize the world.
Instead of protesting such genocide by the financiers who bankroll them, well-to-do Swedish activist Greta Thunberg and 15 other children (ages 8-17) filed suit on Sept. 23 against five countries (Argentina, Brazil, France, Germany and Turkey) for violating the UN Convention on the Rights of the Child. The violation by these nations, their complaint argues, is that they are not fulfilling their “obligations” to more aggressively end industrial civilization in the name of “fighting climate change.” If the suit is upheld, the UN would have to reclassify the alleged “climate change crisis” to a human rights crisis.
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