From ground zero in Michigan: the socialist who vows to bring down the system was manufactured by it — Rhodes Scholar credentials, foundation money and all — while Bessent and the Trump team dismantle the machine that gutted Detroit.
The yen strike, the American System midterm playbook, and the London money behind Michigan's 'new Obama' — seven posts on one war, fought in credit, not bombs. Break the Empire's money power and everything else follows.
In 1775, Americans and Quebec militiamen fought as brothers to free Canada from the British crown. Bob Ingraham on the lie of the "invasion," Franklin's near-miss at the peace table — and why, 250 years later, the question is open again.
President Joe Biden checks out the Cadillac Lyriq during the North American International Auto Show, Wednesday, September 14, 2022, at Huntington Place in Detroit.. (Official White House Photo by Adam Schultz)
On March 20, the same day we published the article “Worse Than a Bloodbath, Auto Industry Faces Extinction-Level Event,” Biden’s Environmental Protection Agency (EPA) issued its expected new Electronic Vehicle mandate. According to former EPA official Margo Oge, it was the “single most important climate regulation in the history of the country,” It dictates that EV sales must rise to 56% of new-car sales over 2027-2032, and plug-in hybrids rise to 13%.
This is ridiculous when you consider that EVs were only 7.6% of sales in 2023, and that their unsold inventories are now triple the average for all cars. Most American drivers have rejected EVs for good reasons. They can’t afford them despite the government subsidies; the promised charging networks don’t exist; and EVs often become firebombs—among other problems. Hertz CEO Stephen Scherr just resigned when his gamble on EVs backfired—he had vastly underestimated maintenance costs. No wonder that major carmakers have cut back their commitments.
As we wrote earlier, the only way that anything like the EPA’s 56% mandate could possibly happen, would be if Chinese automaker Build Your Dreams (BYD), produced their $14,000 crossover sport utility vehicle in Mexico, and sold it tariff-free into the US. Our auto industry would simply disappear. This is the “bloodbath” for American jobs which President Trump warned about, and which he would prevent as President.
Thus, in January, Biden halted approvals for any new terminals to export US liquified natural gas (LNG). Over the coming days, the Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) is expected to alter its Corporate Average Fuel Economy (CAFE) Standards in such a way as to force automakers to manufacture more EVs on pain of possibly billions of dollars of fines. In April, the EPA will issue a rule forcing all US coal-fired power plants to shut down by 2040, or even by 2038.
Some or all of these job- and industry-destroying edicts will probably be struck down eventually by the Supreme Court under its “Major Questions” rule —but how much chaos and suffering, and how many deaths of despair will they cause before that happens?
Is it the high-school and college demonstrators and the other True Believers in the Great Climate Hoax? But tell me—where did these youthful enthusiasts get the raw political power to force Biden to enact these job-killing rules—even at the cost of his reelection?
Founding member of the LaRouche movement in the 1960s. Former editor of LaRouche’s writings and EIR magazine. Regular host of our Saturday class series.
From ground zero in Michigan: the socialist who vows to bring down the system was manufactured by it — Rhodes Scholar credentials, foundation money and all — while Bessent and the Trump team dismantle the machine that gutted Detroit.
Barbara follows the money behind Mamdani and El-Sayed — AppLovin alumni, CCP-tied shareholders, and Muslim Brotherhood links — and why Marx went to war with the American System Trump is now rebuilding.
Mike Steger examines Abdul El-Sayed’s political network, campaign funding, and connections—and what his rise reveals about the fight over America’s future.
Barbara Boyd links the Middle East war and Bessent's weekend yen intervention as parts of one fight: breaking the post-1971 financial order run from Wall Street and the City of London, and building the production-based economy — and New Bretton Woods — Trump's revolution requires.