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Volume 7, Number 11, March 18, 1980

Cover of EIR Volume 7, Number 11, March 18, 1980

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Departments

From the Editor-in-Chief  

by Daniel Sneider

InSight  

by Nora Hamerman

The nation-state revived.

Energy Insider  

by William Engdahl

The truth about Soviet oil.

Economics

Carter’s Economic Plan: No Good, or Worse  

by Richard Freeman

Jimmy Carter announces budget cuts and an anti-inflation battle at the same time that he sends interest rates, defense spending and energy prices sky high. Interest rate increases feed inflation, and add billions to the federal budget. Defense spending feeds inflation and adds billions to the federal budget. Energy price increases feed inflation and... Everything Jimmy Carter proposes seems designed to produce the opposite ... and does.

International Credit  

by Peter Rush

The ‘ruinous’ LDC debt situation.

Domestic Credit  

by Lydia Schulman

Elderly on the firing line.

Agriculture  

by Susan B. Cohn

Water for development.

Gold  

by Alice Roth

Gold becomes a campaign issue.

Foreign Exchange  

Trade Review  

Business Briefs  

Special Report

Energy Conservation: Building Inflation into the Economy  

by Uwe Parpart and David Goldman

Although a certain manner of assembling monetary statistics could convince a fool that “economic growth” is occurring, the surest indicator that the productive base of the U.S. economy is disintegrating is the inflation rate. That inflation reflects not simply speculative monetary flows, but rapidly falling rates of energy consumption per capita. All that would be necessary to build hyperinflation into the economy’s very structure is a far-reaching program of “energy conservation.”

The Relationship Between Energy, Inflation and Productivity  

by David Goldman and Dr. John Schoonover

The Quality of U.S. Capital Investment  

by Lydia Schulman

International

Giscard’s Mideast trip: A Way Out of the Mess  

by Philip Golub and Vin Berg

Before Giscard d’Estaing’s tour of the Persian Gulf nations was even half over, international corridors of power were reverberating with the slogan: “France has inherited the Gulf.” The Arab world had watched in stunned anger as the Carter administration reversed itself on an earlier UN vote condemning Israeli West Bank settlements. Then, the French President appeared, in Arab capital after Arab capital, with a program that could succeed even in the world’s most volatile region: proposals for peace, based on proposals for economic development.

The French Press Hails the French President  

Saudi Arabia’s $250 Billion Growth Plan  

by Robert Dreyfuss

Includes the text of the “Pan-Arab Charter” proposed by Iraqi President Saddam Hussein on Feb. 8.

Schmidt’s Visit: Encounter with the Incalculable  

by Rainier Apel

Italy: Vance Visits ‘With a Pistol in His Briefcase’  

by Umberto Pascali and Kathy Stevens

U.S.S.R.: Soviets Slam U.S. ‘Financial Oligarchy’  

New Times: “A Secret Bilderberg Club” – Kommunist: “The CFR Is the Imperialist Citadel.”

The Iran Crew Targets Mexican Industrialization  

by Dolia Pettingell and Cecilia Soto de Estevez

To prevent such a new “Japan” to the south, they’re planning a new “Iran” to the south – PEN Club Meet: “Mexico Is Much Worse than the Nazis Were” – Mexico’s “Ayatollahs”: A “Widely Respected” Band of Intellectual Kooks – Falk: “High Technology Is Very Threatening to Mexico” – Clark: “Mexico Reminds Me of Iran under the Shah” – A National Plan: Steel Sets the Pace for Mexico’s Industrial Growth.

Falk’s ‘Human Rights’ Assault Plan  

International Intelligence  

National

President Carter’s Foreign Policy Debacles  

by Criton Zoakos

Only a few months ago, the boys down at the Council on foreign Relations had everything in place to produce a major foreign policy embarrassment for Jimmy Carter, paving the way fora 1980 GOP strongman of their choosing. The scenario fell apart, but nobody doubts that foreign policy embarrassments are multiplying daily. The CFR crew had planned to throw the ship’s captain overboard; instead, the ship itself is sinking, fast.

Campaign 1980: Will the Real John Anderson Please Sit Down!  

by Lyndon H. LaRouche, Jr.

Congressional Calendar  

by Barbara Dreyfuss and Susan Kokinda

National News  

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