Volume 6, Number 48, December 11, 1979
Departments
From the Editor-in-chief
Editorial Comment
by Nora Hamerman
A case of dangerous stupidity.
National News
Energy Insider
by William Engdahl
Year 1979 world oil production at record high.
Congressional Calendar
by Barbara Dreyfuss and Susan Kokinda
World Trade Review
Economics
How the Dollar Has Been Rigged To Fall
by David Goldman
In London and Washington, the U.S. dollar is considered finished as a reserve currency. That is a leading feature of a reorganization of the world financial system now underway, which includes controls on international lending much fiercer than the Bank of England, the Treasury or the Federal Reserve will confess to in public. But it is a project with which Europe must violently disagree-the European Monetary System is at stake.
Banking
by Richard Freeman
Will the Immunities Act be used?
Foreign Exchange
by Richard Katz
Currency turmoil shakes the EMS.
Gold
by Alice Roth
England’s new “metallic standard.”
International Credit
by Peter Rush
Credit rationing for the LDCs.
Restructuring the Economy From the Top Down
by Lydia Schulman
Since Paul Volcker’s tight-credit measures went into effect, a pattern of industrial contraction verging toward collapse has confirmed EIR’s “Riemannian” predictions-and made fools (or liars) of other analysts. The U.S. economy is now being deliberately undermined and restructured through “credit rationing,” with the worst yet to come.
Business Briefs
Cover Story
New Hampshire: Upset in the Making?
by Konstantin George
Since Eisenhower’s election to a second term, the early primary in New Hampshire has been the key to a successful presidential campaign. Either the Democrat, or the Republican, who has won in New Hampshire, has gone all the way to the White House. This year looks like no exception, EIR’s analysts have found. And on the Democratic side, it looks like something very dramatic could happen: Lyndon LaRouche, a candidate the news media have hardly dared mention, has a lot of support-and just enough potential for more support that he might take it all when the votes are finally counted.
What the Nation’s Granite State Looks Like
by Richard Freeman, J. Pierce, and L. Wolfe
The politics, economy and voters.
LaRouche, Kennedy, and Seabrook
How the 1980 Presidential Candidates Stack Up
Who’s working for them, endorsed them, and on what issues.
How the Campaign Chiefs See It
Interviews with campaign spokesmen – How the Press Sees It.
International
Decision at the Dublin EC Summit
by Susan Welsh
The major decision taken at the EC summit meeting in Dublin was to fight: France’s Giscard and Germany’s Schmidt did battle with Great Britain’s Margaret Thatcher. Thatcher came away with a bloody nose, and while her countrymen demand a “change in tactics,” the Europeans are wondering out loud why Britain is even a member of the European Community.
The Muslim Brotherhood Plot Against Saudi Arabia
by Robert Dreyfuss
Whether the Washington and London planners of the “Iran crisis” succeed in getting what they want-first of all, a worldwide energy disaster-will significantly depend on whether the crisis succeeds in destabilizing Saudi Arabia, chief supplier of oil to Europe. Mosque takeovers, corruption scandals-everything is now being thrown against the Saudi monarchy.
Fruits of Iran: Gulf Militarization
International Intelligence
