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Volume 6, Number 48, December 11, 1979

Cover of EIR Volume 6, Number 48, December 11, 1979

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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  


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.


by Richard Freeman

Will the Immunities Act be used?

Foreign Exchange  

by Richard Katz

Currency turmoil shakes the EMS.


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.


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  

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