Volume 7, Number 13, April 1, 1980



From the Editor-in-Chief

by Daniel Sneider


by Nora Hamerman

Dictatorship: how close?

Dateline Mexico

by Josefina Menendez

The President in Monterrey.

Energy Insider

by William Engdahl

The House votes against production.

Congressional Calendar

by Barbara Dreyfuss and Susan Kokinda

Campaign 1980

by Kathleen Murphy


America’s Big Banks Look into the Abyss

by Richard Freeman

Sixty-five bank chiefs in conference with Paul Volcker agreed to cut their lending to a third of what it has been after Jimmy Carter’s credit restraint announcements on March 14. The outcome of the bankers’ collaboration in the new measures is likely to be their own collapse.

International Credit: European Monetary Fund Back on the Agenda

by David Goldman

Although French president Giscard is still playing his cards close to the vest, the European Monetary Fund is so close to becoming reality that even the British press is reporting some of the facts.


by Alice Roth

Is Nelson Bunker Hunt a sucker?

Foreign Exchange

by Richard Katz

The credit crunch and the dollar.

World Trade

by Richard Schulman

A growing politicization.

Trade Review

Agricultural Survey: The Farmers and Their Bankers: Who Will Go Under First?

by Susan Cohen

Business Briefs

Special Report

U.S. Ruling Circles Are in Deep Trouble

by Criton Zoakos

Events have convinced the American elite that their “controlled disintegration” policies for the West could cause their own destruction. They’re right, reports Contributing Editor Criton Zoakos. But can they do anything about it?

‘We’re No. 2’: The Strategists React to the Soviet Advance

Interviews on the meaning of Soviet E-beam development.

‘Does Brzezinski Not Know?’

The Policymakers Denounce Their Own Policies

George Ball, McGeorge Bundy, and the New York Times.

Why America’s Elite Is Failing Desperately

by Lyndon H. LaRouche, Jr.

Lyndon LaRouche elaborates the scientific conception of human development that the ruling “families” have never been able to comprehend.


Mexico’s Startling Economic Decisions

by Tim Rush

Mexico’s president emerged from a bitter cabinet fight to announce that his nation would significantly increase oil production, and would not subscribe to the General Agreement on Trade and Tariffs (GATT). These decisions, and a new approach to agriculture, were taken with Mexico’s industrial development in mind.

Documentation: — Lopez’s policy statement — Oil chief Diaz’s status report — Washington’s reaction.

Terrorism Targets the Americas

by Cynthia Rush

The assassination of a bishop and a priest in Central America could unleash something long-planned at the Council on Foreign Relations: Waves of terrorism and “Iran-style” mob violence engulfing Latin America and spreading north into the United States.

Colombian Military Frees M-19 Controllers

by Valerie Rush

The ‘Foreigners’ Organize the ‘Peasant Uprisings’

‘All the Terrorists Were Trained by the Jesuits’

An interview with Malachi Martin.

International Intelligence


Exclusive: McCormack Talks on Fusion Power

by Kathy Stevens

Representative Mike McCormack of Washington, sponsor of legislation for an “Apollo-style” crash program to develop fusion energy told EIR Energy Editor Marsha Freeman why America must have fusion, and what we stand to lose if America doesn’t develop it.

National News