Month: August 2021

On July 31, the Schiller Institute held a video conference titled “Afghanistan: A Turning Point in History after the Failed Regime-Change Era,” which brought together experts and diplomats from Russia, China, Italy, South-West Asia and Afghanistan to discuss a national development program which would be beneficial for all components of Afghan society. The event can be viewed at https://schillerinstitute.com/blog/2021/07/29/.

On August 10, the U.S. Senate passed a $1 trillion infrastructure bill after months of negotiations, which was hailed as a major bipartisan victory for President Biden. The congratulations, however, are likely to prove premature, for various reasons: The House of Representatives is on recess until Sept. 20, and House Speaker Nancy Pelosi said she would not pass the infrastructure […]

Unless changed, the timetable of the German government on nuclear power is to switch off three of the remaining six nuclear power plants by the end of 2021, and the other three by the end of next year. Germany’s neighbors are shaking their heads over this strategy, most notably France. In an interview on Aug. 2 with Die Welt, the […]

News media all over the world have presented recent flooding and wildfires as evidence that the climate “has gone mad”, even though it is known that such fires are often set by arsonists and that the floods are often due a lack of infrastructure. However, such disaster, together with the recent report by the Intergovernmental Panel on Climate Change, are […]

Will the current world crisis lead to the proliferation of wars, a hyperinflationary explosion of the financial system, and a cultural collapse into a new Dark Age? Or will enough forces come together internationally, in time, to launch a new paradigm based on achieving the common aims of mankind? The answer lies not only in what people think, but how […]

The first panel of the conference then heard from leading Chinese political scientist Ding Yifan, for many years the Deputy Director of the World Development Institute under the State Council in China, who has written several books including chapters on the ideas and discoveries of Lyndon La- Rouche. He noted that LaRouche had focused on two crimes from the ending […]

The second panel of the LaRouche Legacy Foundation’s event took up the topic of Lyndon LaRouche’s vision of “Earth’s Next Fifty Years”. Moderator Megan Dobrodt, Secretary-Treasurer of the LaRouche Legacy Foundation Board of Directors, opened the panel with a 1995 video of the LaRouches’ close friend and collaborator, Norbert Brainin, the lead violinist of the legendary Amadeus Quartet. In the […]

Commentaries by university and financial economists are appearing on the approaching 50th anniversary of the August 15, 1971, “Nixon Shock”, the end of the post-War gold reserve Bretton Woods system which has produced half a century of industrial decline, speculative riot, gigantic debt bubbles and crashes, steadily worsening real wages and living conditions, collapsing public health capacities and now a […]

The current phase of the comatose state of the global financial system started in September 2019, when the repurchase (repo) market froze, forcing the Federal Reserve to intervene and replace interbank lending by providing hundreds of billions of overnight liquidity to the system itself. But rather than improving, things only worsened, and the Fed now seems to be losing control […]

How can a rise in employment match a rise in household debt? Two options: either the new jobs offer no income, or employment figures are fake. A closer look at the statistics published by the Labor Department on Aug. 6 shows that the latter hypothesis is true. According to official figures, U.S. employment in July rose by 943,000, with a […]