EIR Volume 19, Number 38, September 25, 1992

Volume 19, Number 38, September 25, 1992

Full Issue:

Interviews

Dr. Janos Goyak

by Ronald Kokinda

Dr. Goyak, a priest and professor of social ethics who works with the Christian Democratic People’s Party of Hungary, discusses the perspectives for economic reform in his former communist country.

Hike Babookhanian

by Marianna Wertz

The editor of the newspaper of the Republican Party of Armenia, Mr. Babookhanian is also vice president of the Union of Constitutional Rights of Armenia and deputy of the Yerevan City Parliament.

Yuri Chernichenko

by Rachel Douglas

The president of the Farmer Party of Russia describes the grain acquisition crisis in Russia this summer as the worst since 1927 and 1928.

Departments

Report from Bonn

by Volcker Hassmann

Monetarist Solutions Won’t Work.

Australia Dossier

by Don Veitch

Imperial Myths Collapsing Slowly.

Middle East File

by Joseph Brewda

Iraq Issues Appeal on “No Fly” Zone.

Dateline Mexico

by Hugo López Ochoa

Shining Path Is On the March.

National Economy

A Hamiltonian National Banking Plan for East Europe

by William Engdahl

Presents a detailed alternative to the devastating austerity programs of the International Monetary Fund. A speech to the Schiller Institute’s conference in Kiedrich, Germany in May, to an audience which included many representatives from former communist countries of central and eastern Europe.

Reviews

Classical LaserDiscs: Many Advantages, and a Few Caveats

by Kathy Wolfe

“Macbeth,” by Giuseppe Verdi, conducted by Giuseppe Sinopoli; “Giovanna d’Arco,” by Giuseppe Verdi, conducted by Riccardo Chailly; Beethoven Lieder, Peter Schreier, tenor, and Norman Shetler, piano; Beethoven, Symphony No. 9, conducted by Kurt Masur.

Economics

Central Bank System Cracks; New Monetary System Urgent

by Christopher White

The British pulled the pound out of Europe’s Exchange Rate Mechanism, in a move that will go down in the history books as that which plunged the world into the Great Depression of the 1990s.

Harvard Intervenes To Aggravate Relations between Russia and Japan

by Kathy Wolfe

Centesimus Annus, a Challenge for East Europe

by Dr. Janos Goyak

A speech by Dr. Janos Goyak to a conference of the Schiller Institute.

Why Should We Pay the Communist Debt?

by Ronald Kokinda

An interview with Dr. Janos Goyak.

Currency Rates

Ethanol Use Debated While Millions Starve

by Suzanne Rose

Ethanol is a fuel made from corn, and is being touted as a way to boost agriculture markets. But it’s a fraud: a waste of energy and money.

Banking

by John Hoefle

Banks Claim Record Earnings.

Business Briefs

Feature

Mercantilism vs. Free Trade: The War for Ibero-America

by Cynthia R. Rush

There is a tradition of “Hamiltonian” economics in Ibero-America which has been viciously suppressed, but which provides the key to getting out of the current economic crisis in the region. A speech by Cynthia Rush to the founding conference of the Ibero-American Solidarity Movement in Tlaxcala, Mexico in May.

British Geopolitics in Ibero-America

International

Shining Path Arrest Is a Black Eye for State Dept.

by Valerie Rush

The Peruvian government’s capture of Shining Path terrorist ideologue Abimael Guzmán, along with a dozen of his top henchmen, was the opening shot of an anti-terrorist strategy which could break the back of that organization.

Serbian Regular Forces Move To Crush Bosnia

by Konstantin George

‘Armenia Must Win the War So We Can Develop Our Economy’

by Marianna Wertz

An interview with Hike Babookhanian.

Greece, Turkey Crises May Widen Balkan War

by Konstantin George

Russian Government Broke, Can’t Pay for Winter Bread

by Rachel Douglas

An interview with Yuri Chernichenko.

Bangladeshi Migrants Are Flooding India

by Ramtanu Maitra

Uruguay Resists George Bush’s ‘Democratic New Order’

by Silvia Palacios and Lorenzo Carrasco

Documentation: From an interview with former President of Uruguay Juan María Bordaberry.

Pentagon, IMF Target Jordan, Other Arab States in Arrest of Shubeilat

by Joseph Brewda

Bush Miscalculates, This Time on China

by Mary McCourt Burdman

British Crisis Has the Monarchy at Bay

by Mary McCourt Burdman

International Intelligence

National

IMF Moves To Seize Control over United States Economy

by Kathleen Klenetsky

The International Monetary Fund’s executive board took the highly unusual step—in an election year, at that—of demanding that the U.S. government immediately enact a combination of draconian tax increases and spending cuts. The treatment that has long been meted out to the Third World has now come home to roost.