The election of Donald Trump and the defeat of both Hillary Clinton and Barack Obama has provided a short reprieve in the drive for World War III against Russia, so long as Obama is prevented from taking some kind of insane action in his remaining lame duck weeks in office. The fact that an immediate danger of nuclear war is off the table for the time being is important, but it does not address the other grave crises that the world is facing.
The trans-Atlantic financial system is still on the edge of total disintegration, and unless that problem is immediately addressed, the conditions will soon re-emerge for global war. To solve that imminent crisis, the US Congress must immediately pass the pending legislation in both Houses, to reinstate the original Glass Steagall Act of 1933, breaking up the too-big-to-fail banks into totally separated commercial and investment banks. This must be the first order of business when Congress returns to Washington early next week.
Well beyond that urgently required action, other measures must be taken to forge a new kind of relations among the leading nations of the planet. There is a prospect of a rapid restoring of US-Russian relations, an opportunity that was welcomed by leading Russian economist and Putin adviser Sergei Glazyev, in an interview Thursday with Itar-Tass. He also warned that the Obama Administration’s policies have destroyed the US-China relationship, and a detente between Washington and Moscow can play an important role in repairing the damaged US-China ties. What are needed are a series of positive accomplishments, that will help secure a global system of peace and stability. China’s President Xi Jinping repeatedly offered collaboration with President Obama towards precisely these ends, but Obama rejected all of those offers. As both Ambassador Chas Freeman and former CIA Director (and Donald Trump national security adviser) James Woolsey emphasized in statements this week, the United States must correct the tragic blunder of having rejected the offer to participate in the Asia Infrastructure Investment Bank (AIIB) and the larger Belt and Road initiative. The world needs to take a series of steps towards a new global cooperative system. Lyndon LaRouche emphasized on Thursday in dialogue with colleagues that this can be done, especially if key nations can develop collaboration. Such a global overhaul is not easy, but with the proper guidelines for moving ahead, it can be accomplished. Both Lyndon and Helga LaRouche emphasized the need to create a New Bretton Woods System, drawing upon the successes of the original 1944 agreement organized by Franklin Roosevelt.
A new fixed exchange rate system, national banks, new clearinghouse institutions to facilitate trade and long-term investment—these are among the major changes that the world so desperately needs at this moment.
The US election results have rolled back the imminent danger of nuclear war, but it would be a grave error to depend on President-elect Donald Trump to take the necessary steps. There are key players that can contribute to this new, urgently needed arrangement, when you look around the globe. Germany can play a healthy role. Russia under President Vladimir Putin is already playing an excellent role, and China under Xi Jinping is a major positive force.
One area that is vital to any emerging, new cooperative arrangements. is cooperation in space science, which incorporates all of the crucial elements that are lacking in other otherwise worthwhile efforts.
Much of the progress that is so urgent will take place at the local and regional level, but all of those efforts must be in fulfillment of a larger global vision. A failure to take these challenging, but vital actions will lead to even greater disaster, including the re-emergence of a danger of thermonuclear war. This requires serious thinking from a wide array of leaders from around the world.