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Zepp-LaRouche on Afghanistan: ‘The New Name for Peace Is Development’

Dramatic developments are taking place over the past days which make clear that the world is sitting at a crossroads. Two clearly distinct ideas about the nature of man are contending for the future of human civilization. One, which could well lead to the destruction of civilization itself in a nuclear holocaust, sides with the Aristotelian outlook of the British Empire, that some people are born to rule and others to serve, that human beings are as defined by Thomas Hobbes, as “all against all,” with nations following the same logic, locked into geopolitical laws of zero-sum “survival of the fittest.” The other view believes that: “Development holds the key to the people’s well-being, [and] no country should be left behind. All nations are equally entitled to development opportunities and rights to development.” While it would be understandable that one may think this statement came from Franklin D. Roosevelt as he planned his postwar vision for the role of a United Nations, it is in fact the words of Xi Jinping, speaking on July 6 to delegates of 500 parties and institutions from around the world, representing 160 countries, fully three-fourths of the human race, joining in support of the principle of “Peace Through Development,” as intended by China’s Belt and Road Initiative.

Today, the Schiller Institute’s founder and president Helga Zepp-LaRouche released a statement titled: “Afghanistan at a Crossroads: Graveyard for Empires or Start of a New Era?” She posits that the policies taken by the world’s nations today on the future of Afghanistan not only affects every citizen of every country, in the sense that the danger of terrorism and drug proliferation affect us all, but also because it could well determine the fate of mankind itself. The only solution to the Afghanistan quagmire, she writes, is for the great nations of the world, and all the nations of the region, to join forces in a “Great Project” to develop Afghanistan as the hub for the New Silk Road, both East-West development corridors connecting East Asia, Central Asia, West Asia, Eastern Europe and Western Europe, and North-South development corridors linking Russia, China, Iran, India and Pakistan.

Is it possible? Or is it, as seen by the geopoliticians of the British Empire, contrary to their warped sense of “human nature,” which will always seek out an advantage against “the other”? Will Americans follow this British prescription for imperial “divide and rule,” or will they recall the spirit of the U.S. Declaration of Independence: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.” Was this intended only for those who follow so-called “Western values,” and who follow the so-called “rules-based order,” or is it indeed intended for all mankind?


Growing U.S. Acceptance of Vaccine Usage

Vaccination Is Increasing Americans’ Acceptance of Vaccines

March 7 (EIRNS) – A number of new polls appear to show a continuing increase in acceptance of COVID-19 vaccination as the vaccines are actually available and their distribution has reached tens of millions of people without ill effects, The Hill reported March 4.

There was a point in September 2020 when no more than 15% of Americans in some polls said they would get vaccination for COVID if it were available. By late January, Kaiser Family Foundation and Axios/Ipsos polling showed that 55-57% intended to get the vaccine or had already received a shot.

But in a Pew Research Center poll published Feb. 26, some 50% of U.S. adults surveyed between Feb. 16 and Feb. 21 said they would “definitely or probably” get vaccinated, in addition to 19% who had already received at least one shot; so acceptance appeared to have risen to near 70%.

The Pew poll reported that just over 60% of Black Americans now said they had been vaccinated or intended to, whereas only 42% had indicated willingness in November. Acceptance among Hispanics remained lower in the latest poll, however, just over 40%.

A section of the forthcoming EIR, “Vaccination: The General Welfare”, reports on the pace of COVID vaccination around the world – the successes and the critical and dangerous problems – and includes an important interview with the head of Meharry Medical College in Tennessee, who focuses on this subject. Meharry is the leading medical school among the Historically Black Colleges and Universities.


Can Diplomacy Work, or Is More War An Inevitable Destiny?

Pessimists might be shocked by some recent developments.  A Putin-Biden phone call ending in a call for joint action against cyber warfare?  A unanimous U.N. Security Council vote to open the door for humanitarian aid to be distributed to “all parts of Syria”?  How about a U.S. official commenting favorably on a Taliban-Afghan government meeting in Tehran, saying that what Iran is doing “may well be constructive”?  The key is ending the dangerous application of British imperial geopolitics, which has dominated strategic relations for most of the last two centuries.  For a road map to peaceful cooperation in Afghanistan, read Helga Zepp-LaRouche’s statement, “Afghanistan at a Crossroads: Graveyard for Empires, or Start of a New Era?” 

Contact: harleysch@gmail.com


Helga Zepp-LaRouche – AFGHANISTAN AT A CROSSROADS: Graveyard for Empires or Start of a New Era?

PDF of this statement

by Helga Zepp-LaRouche

July 10—After the hasty withdrawal of U.S. and NATO troops from Afghanistan—U.S. troops, except for a few security forces, were flown out in the dark of night without informing Afghan allies—this country has become, for the moment but likely not for long, the theater of world history. The news keeps pouring in: On the ground, the Taliban forces are making rapid territorial gains in the north and northeast of the country, which has already caused considerable tension and concern in Turkmenistan, Uzbekistan, and Tajikistan, and they have captured the western border town Islam Qala, which handles significant trade flows with Iran. At the same time, intense diplomatic activity is ongoing among all those countries whose security interests are affected by the events in Afghanistan: Iran, Pakistan, India, Russia, China, to name only the most important.

Can an intra-Afghan solution be found? Can a civil war between the Afghan government and the Taliban be prevented? Can terrorist groups, such as ISIS, which is beginning to regain a hold in the north, and Al-Qaeda, be disbanded? Or will the war between Afghan factions continue, and with it the expansion of opium growing and export, and the global threat of Islamic terrorism? Will Afghanistan once again sink into violence and chaos, and become a threat not only to Russia and China, but even to the United States and Europe?

If these questions are to be answered in a positive sense, it is crucial that the United States and Europe first answer the question, with brutal honesty, of how the war in Afghanistan became such a catastrophic failure, a war waged for a total of 20 years by the United States, the strongest military power in the world, together with military forces from 50 other nations. More than 3,000 soldiers of NATO and allied forces, including 59 German soldiers, and a total of 180,000 people, including 43,000 civilians, lost their lives. This was at a financial cost for the U.S. of more than $2 trillion, and of €47 billion for Germany. Twenty years of horror in which, as is customary in war, all sides were involved in atrocities with destructive effects on their own lives, including the many soldiers who came home with post-traumatic stress disorders and have not been able to cope with life since. The Afghan civilian population, after ten years of war with the Soviets in the 1980s followed by a small break, then had to suffer another 20 years of war with an almost unimaginable series of torments.

It was clear from the start that this war could not be won. Implementation of NATO’s mutual defense clause under Article 5 after the 9/11 terrorist attacks was based on the assumption that Osama bin Laden and the Taliban regime were behind those attacks, which would thus justify the war in Afghanistan.

But as U.S. Senator Bob Graham, the Chairman of the Congressional “Joint Inquiry into Intelligence Community Activities Before and After the Terrorist Attacks of September 11, 2001,” repeatedly pointed out in 2014, the then-last two U.S. presidents, Bush and Obama, suppressed the truth about who had commissioned 9/11. And it was only because of that suppression that the threat to the world from ISIS then became possible. Graham said at a November 11, 2014 interview in Florida:

“There continue to be some untold stories, some unanswered questions about 9/11. Maybe the most fundamental question is: Was 9/11 carried out by 19 individuals, operating in isolation, who, over a period of 20 months, were able to take the rough outlines of a plan that had been developed by Osama bin Laden, and convert it into a detailed working plan; to then practice that plan; and finally, to execute an extremely complex set of assignments? Let’s think about those 19 people. Very few of them could speak English. Very few of them had even been in the United States before. The two chairs of the 9/11 Commission, Tom Kean and Lee Hamilton, have said that they think it is highly improbable that those 19 people could have done what they did, without some external support during the period that they were living in the United States. I strongly concur…. Where did they get their support?”

This question has still not been answered in satisfactory manner. The passing of the JASTA Act (Justice Against State Sponsors of Terrorism) in the U.S., the disclosure of the 28 previously classified pages of the Joint Congressional Inquiry report into 9/11 that were kept secret for so long, and the lawsuit that the families of the 9/11 victims filed against the Saudi government delivered sufficient evidence of the actual financial support for the attacks. But the investigation of all these leads was delayed with bureaucratic means.

The only reason the inconsistencies around 9/11 are mentioned here, is to point to the fact that the entire definition of the enemy in this war was, in fact, wrong from the start. In a white paper on Afghanistan published by the BüSo (Civil Rights Movement Solidarity in Germany) in 2010, we pointed out that a war in which the goal has not been correctly defined, can hardly be won, and we demanded, at the time, the immediate withdrawal of the German Army.

Once the Washington Post published the 2,000-page “Afghanistan Papers” in 2019 under the title “At War with the Truth,” at the latest, this war should have ended. They revealed that this war had been an absolute disaster from the start, and that all the statements made by the U.S. military about the alleged progress made were deliberate lies. The investigative journalist Craig Whitlock, who published the results of his three years of research, including the use of documents obtained under the Freedom of Information Act (FOIA), and statements from 400 insiders demonstrated the absolute incompetence with which this war was waged.

Then, there were the stunning statements of Lt. Gen. Douglas Lute, the Afghanistan czar under the Bush and Obama administrations, who in an internal hearing before the “Office of the Special Inspector General for Afghanistan Reconstruction” in 2014 had said: “We were devoid of a fundamental understanding of Afghanistan—we didn’t know what we were doing. … What are we trying to do here? We didn’t have the foggiest notion of what we were undertaking…. If the American people knew the magnitude of this dysfunction … who would say that it was all in vain?”

After these documents were published, nothing happened. The war continued. President Trump attempted to bring the troops home, but his attempt was essentially undermined by the U.S. military. It’s only now, that the priority has shifted to the Indo-Pacific and to the containment of China and the encirclement of Russia that this absolutely pointless war was ended, at least as far as the participation of foreign forces is concerned.

September 11th brought the world not only the Afghanistan War but also the Patriot Act a few weeks later, and with it the pretext for the surveillance state that Edward Snowden shed light on. It revoked a significant part of the civil rights that were among the most outstanding achievements of the American Revolution, and enshrined in the U.S. Constitution, and it undermined the nature of the United States as a republic.

At the same time, the five principles of peaceful coexistence, which are the essence of international law and of the UN Charter, were replaced by an increasing emphasis on the “rule-based order,” which reflects the interests and the defense of the privileges of the trans-Atlantic establishment. Tony Blair had already set the tone for such a rejection of the principles of the Peace of Westphalia and international law two years earlier in his infamous speech in Chicago, which provided the theoretical justification for the “endless wars”—i.e., the interventionist wars carried out under the pretext of the “responsibility to protect” (R2P), a new kind of crusades, in which “Western values,” “democracy” and “human rights” are supposed to be transferred—with swords or with drones and bombs—to cultures and nations that come from completely different civilizational traditions.

Therefore, the disastrous failure of the Afghanistan war—after the failure of the previous ones, the Vietnam war, the Iraq war, the Libya war, the Syria war, the Yemen war—must urgently become the turning point for a complete shift in direction from the past 20 years.

Since the outbreak of the Covid-19 pandemic at the very latest, an outbreak that was absolutely foreseeable and that Lyndon LaRouche had forecast in principle as early as 1973, a fundamental debate should have been launched on the flawed axiomatics of the Western liberal model. The privatization of all aspects of healthcare systems has certainly brought lucrative profits to investors, but the economic damage inflicted, and the number of deaths and long-term health problems have brutally exposed the weak points of these systems.

The strategic turbulence caused by the withdrawal of NATO troops from Afghanistan, offers an excellent opportunity for a reassessment of the situation, for a correction of political direction and a new solution-oriented policy. The long tradition of geopolitical manipulation of this region, in which Afghanistan represents in a certain sense the interface, from the 19th Century “Great Game” of the British Empire to the “arc of crisis” of Bernard Lewis and Zbigniew Brzezinski, must be buried once and for all, never to be revived. Instead, all the neighbors in the region—Russia, China, India, Iran, Pakistan, Saudi Arabia, the Gulf States and Turkey—must be integrated into an economic development strategy that represents a common interest among these countries, one that is defined by a higher order, and is more attractive than the continuation of the respective supposed national interests. This higher level represents the development of a trans-national infrastructure, large-scale industrialization and modern agriculture for the whole of Southwest Asia, as it was presented in 1997 by EIR and the Schiller Institute in special reports and then in the study “The New Silk Road Becomes the World Land-Bridge.” There is also a comprehensive Russian study from 2014, which Russia intended to present at a summit as a member of the G8, before it was excluded from that group.

In February of this year, the foreign ministers of Pakistan, Afghanistan and Uzbekistan agreed on the construction of a railway line from Tashkent, the capital of Uzbekistan, via Mazar-e-Sharif and Kabul, Afghanistan, to Peshawar in Pakistan. An application for funding from the World Bank was submitted in April. At the same time, the construction of a highway, the Khyber Pass Economic Corridor, between Peshawar, Kabul and Dushanbe was agreed to by Pakistan and Afghanistan. It will serve as a continuation of the China-Pakistan Economic Corridor (CPEC), a showcase project of the Chinese BRI.

These transportation lines must be developed into effective development corridors and an east-west connection between China, Central Asia, Russia, and Europe as well as a north-south infrastructure network from Russia, Kazakhstan and China to Gwadar, Pakistan on the Arabian Sea, all need to be implemented.

All these projects pose considerable engineering challenges—just consider the totally rugged landscape of large parts of Afghanistan—but the shared vision of overcoming poverty and underdevelopment combined with the expertise and cooperation of the best engineers in China, Russia, the U.S.A., and Europe really can “move mountains” in a figurative sense. The combination of the World Bank, Asian Infrastructure Investment Bank (AIIB), the BRICS (Brazil, Russia, India, China, South Africa) New Development Bank, New Silk Road Fund, and national lenders could provide the necessary lines of credit.

Such a development perspective, including for agriculture, would also provide an alternative to the massive drug production plaguing this region. At this point, over 80% of global opium production comes from Afghanistan, and about 10% of the local population is currently addicted, while Russia not so long ago defined its biggest national security problem as drug exports from Afghanistan, which as of 2014 was killing 40,000 people per year in Russia. The realization of an alternative to drug cultivation is in the fundamental interest of the entire world.

The Covid-19 pandemic and the risk of further pandemics have dramatically underscored the need to build modern health systems in every single country on Earth, if we are to prevent the most neglected countries from becoming breeding grounds for new mutations, and which would defeat all the efforts made so far. The construction of modern hospitals, the training of doctors and nursing staff, and the necessary infrastructural prerequisites are therefore just as much in the interests of all political groups in Afghanistan and of all countries in the region, as of the so-called developed countries.

For all these reasons, the future development of Afghanistan represents a fork in the road for all mankind. At the same time, it is a perfect demonstration of the opportunity that lies in the application of the Cusan principle of the Coincidentia Oppositorum, the coincidence of opposites. Remaining on the level of the contradictions in the supposed interests of all the nations concerned— India-Pakistan, China-U.S.A., Iran-Saudi Arabia, Turkey-Russia—there are no solutions.

If, on the other hand, one considers the common interests of all—overcoming terrorism and the drug plague, lasting victory over the dangers of pandemics, ending the refugee crises—then the solution is obvious. The most important aspect, however, is the question of the path we as humanity choose—whether we want to plunge further into a dark age, and potentially even risk our existence as a species, or whether we want to shape a truly human century together. In Afghanistan, it holds true more than anywhere else in the world: The new name for peace is development!


Beethoven: Sparks of Joy!

Beethoven: Sparks of Joy — the incomparable violin concerto in D major

Beethoven composed his only violin concerto in 1806, specifically for the young violinist Franz Clement, whose playing was described as being of “indescribable tenderness”. The premier was chaotic, with Clement at one point interrupting the program to play one of his own compositions while holding the violin upside-down! Other violinists attempted the work with little success, and the concerto languished for several decades. It was the sensational 1844 performance by the 13-year-old Joseph Joachim, with Felix Mendelssohn conducting, which firmly established Beethoven’s Violin Concerto as one of the monuments in the repertoire.
Itzhak Perlman and Daniel Barenboim collaborated in this extraordinary 1992 performance. [Notes by Margaret Scialdone.]


Russia Denounces Sanctions on Syria as “Collective Punishment”

Russia Denounces Sanctions on Syria as “Collective Punishment” 

July 9 (EIRNS)–In a press conference following the Astana format meeting on Syria yesterday, held in Kazakhstan,  Russian Special Presidential Envoy for Syria Alexander Lavrentyev denounced what he called the “collective punishment” of the Syrian people through Western sanctions. “We believe the consultations that we have held here in Nur-Sultan give hope that our call on the international community [will make it possible] to move the focus from efforts to stabilize the situation in Syria in military terms to humanitarian issues and activities aimed at providing humanitarian assistance to the Syrian people,” he pointed out. “And definitely, the deplorable practice of collective punishment for the Syrian people has to end,” Lavrentyev added.

Humanitarian aid needs to be delivered through the country’s legitimate authorities, and in this regard, Russia calls for the establishment of a mechanism to deliver humanitarian aid to all parts of Syria via Damascus, he said.

About 24 hours after Lavrentyev’s remarks, the UN Security Council passed a compromise resolution, today, on extending the UN mandate for cross-border delivery of humanitarian aid supplies from Turkey to Syria’s Idlib province. The new resolution extends the mandate for six months until Jan. 10, 2022, with an automatic extension for another six months until July 10, 2022, subject to U.N. Secretary-General Antonio Guterres issuing a report on the “transparency” of the aid operation and progress on delivering aid across conflict lines within Syria as Russia wanted. The resolution also welcomes “all efforts and initiatives to broaden the humanitarian activities in Syria, including water, sanitation, health, education, and shelter” as well as early recovery projects.


American Scientists: No to FBI Anti-China Witch-hunt

American Scientists Fight Back Against FBI’s Anti-China, Anti-Science Witch-hunt

March 6 (EIRNS)–Hundreds of America’s leading scientists, including six Nobel Prize recipients in chemistry, physics and medicine, have issued two powerful denunciations of the FBI’s criminal prosecution of hundreds of Chinese scientists in the United States, including American citizens of Chinese dissent, as well as Americans who have collaborated with Chinese institutions for the advancement of human knowledge. These attacks, directed by FBI Director Christopher Wray, in collaboration with the psychotic attacks on China from President Trump’s Secretary of State Mike Pompeo, were exposed in the EIR Special Report of Nov. 22, 2019, Stop the McCarthyite With-hunt Against China and President Trump. Now, professors from leading US universities have issued two public letters defending targets of this atrocity — one from Harvard, one from MIT — spelling out clearly that the charges are false, are politically motivated, and go far beyond the persecution of these scientists and educators, but are in fact direct attacks on science itself, and on America’s leadership in international scientific research. 

The FBI targets in question are Professor Charles Lieber, Chairman of the Harvard chemistry department and a world leader in nanotechnology research, and Professor Gang Chen, the Chairman of the MIT mechanical engineering department, also a leader in nanotechnology. Lieber, described by the 42 signers of the March 1 letter as “one of the great scientists of his generation,” was arrested in January 2020 for infractions regarding his federal reporting of his participation in China’s “Thousand Talents” program, which aims to recruit scientists from around the world to work in China or in cooperation with Chinese scientific research centers. There were no secrets involved, only technical infractions normally simply corrected, but now criminalized, through a “tragically misguided government campaign,” which “reflects a fundamental misunderstanding of modern science,” Lieber’s defenders write. This campaign, they add, “is threatening not only the United States position as a world leader in academic research, but science itself.” While Lieber is the “most notable” scientist targeted by the FBI, they add, “these prosecutions are rampant.”  see https://beta.documentcloud.org/documents/20493785-read-the-full-letter-from-harvard-scientists-calling-to-save-professor-charles-lieber-and-scientific-collaboration 

Over 170 members of the MIT faculty signed a similar letter defending Prof. Gang Chen, arrested on Jan. 14 of this year. He faces similarly false charges which could sentence him to 30 years in prison and a huge fine. “We are troubled that the complaints against Professor Chen vilifies what would be considered normal academic and research activities, including promoting MIT’s global mission,” the letter reads. It adds: “Because America’s competitiveness depends so heavily on scientific and technological talent from abroad, its national security is harmed by the message that the US government will question the loyalty of foreign scientists.”


UN Warns of ‘High Food Price Hot Spots’ in Africa; Hyperinflation In Many Countries

UN Warns of ‘High Food Price Hot Spots’ in Africa; Hyperinflation In Many Countries

July 9 (EIRNS)–The UN News office issued a release July 8 on the crisis of rising food prices, quoting Arif Husain, Chief Economist at the UN World Food Program, that, “High food prices are hunger’s new best friend.” Overall, the WFP paid 13 percent more for wheat for food relief, during the first four months of 2021, than it paid in 2020. Individual countries—especially the poor and food-import dependent, are experiencing terrible price shocks. The release gave many examples, from the recent WFP Market Monitor:

Lebanon: The price of wheat flour here from March through May was 50% higher than the previous three months. The year-on-year price rise was 219%.

Syria: The price of cooking oil March through May rose nearly 60% from the prior three months. Cooking oil year-on-year has increased in price by 440%.

Mozambique: The price of cassava March through May shot up by 45% over the prior three-month period. Mozambique is among what the WFP calls the “high food price hot spots” in Africa.


LaRouche Legacy Foundation announces online seminar: So, Are You Finally Willing to Learn Economics?

So, Are You Finally Willing to Learn Economics?

On the 50th Anniversary of LaRouche’s Stunning Forecast of August 15, 1971

August 14, 2021

9:00 a.m. – 4:00 p.m. EDT

The LaRouche Legacy Foundation is pleased to invite you to an online seminar with leading international experts to examine the unique contributions of Lyndon LaRouche (1922–2019) to the science of physical economy. The seminar will consist of a morning and an afternoon panel, and it will be held on the 50th anniversary of President Richard Nixon’s fateful announcement of the end of the Bretton Woods system on August 15, 1971.

This is also an urgent invitation to reflect on what went wrong with economic policy in the trans-Atlantic sector over the last five decades, in order to correct those persisting policy blunders and change course before we plunge into a breakdown crisis comparable only to the 14th century New Dark Age.

Some background:

On August 15, 1971, Nixon delivered a dramatic 18-minute national television address in which he announced:

  1. The dollar was being taken off the gold standard: the dollar would no longer be redeemable in gold;
  2. A floating exchange rate system would replace the existing fixed exchange rate international monetary system;
  3. A temporary wage and price freeze would be instituted in the U.S., which quickly became Phase I, II and III drastic austerity measures.

Although Nixon announced these measures purportedly to rein in financial speculation against the dollar, they in fact opened the floodgates to the most massive, lengthy speculative binge in the history of mankind, coupled with physical economic collapse— which continues to this day.

The August 15, 1971 announcement was the most far-reaching and catastrophic economic policy decision of the 20th century in terms of its consequences down to the present. One economist, and one economist alone, called it. He warned that it was coming and explained what it meant within hours of its announcement.

That man was Lyndon LaRouche.

LaRouche spent the next five decades warning that, if those policies were continued, the world would head into a systemic breakdown crisis and the likelihood of fascist economic policies. All the while he presented detailed programs to reverse the crisis, based on the idea of peace through development and on fostering the productive powers of labor of every person on the planet.

For this, LaRouche was reviled and unjustly imprisoned for five years. His policies were not implemented in the trans-Atlantic sector, and the planet today is paying the price for that folly in the form of a hyperinflationary blowout, an uncontrolled and deadly pandemic, and the danger of thermonuclear war. As a result of the campaign to defame LaRouche and silence his ideas, most people in the United States and elsewhere have never studied his writings.

But some people, leading scientists and political leaders in different parts of the world, did listen to LaRouche and did study his works— such as the Russian scientific giant Pobisk Kuznetsov and former Mexican President José López Portillo.

Other specialists and students of LaRouche’s works will participate in the Aug. 14 seminar, and you will be able to hear from them directly about LaRouche’s economic breakthroughs, about his unmatched record of forecasts, and about his programmatic proposals to develop every corner of the planet—and the solar system.  The seminar will help you understand why it is past time to exonerate LaRouche’s ideas, both for reasons of simple justice and to be able to at last implement his policies.

As José López Portillo, the former President of Mexico, stated in 1998 in a joint seminar with Helga Zepp-LaRouche: “It is now necessary for the world to listen to the wise words of Lyndon LaRouche.”

RSVP here to receive updates about this event.


Top Renewable Energy Co. Fails

Leading Renewable Energy Company Abengoa, Once the Cat’s Meow, Fails

March 5 (EIRNS)–A leading renewable energy firm, Abengoa SA, which has been the darling of the City of London and Wall Street financiers, and green Malthusians, filed for bankruptcy, on Feb. 23. The Spanish company has carried out projects in the United States, and in 2010, it received a large United States loan guarantee from the Barrack Obama-Joe Biden administration to build a solar energy plant in Arizona. This is the second largest bankruptcy in Spanish history, according to the El Pais newspaper, and has global implications. This represents a snap shot of the significant vulnerability of a planned $40 trillion green speculative bubble in “renewables,” even before it is built.

This will be the third failure of Abengoa; having cooked its books in 2015—it was later found out—in order to present a picture of functionality, it collapsed in 2016 (wiping out almost all the value of its stockholders). It restructured its debt in 2018, and was in the process of attempting to restructure its current 6 billion euro/US$7.3 billion debt load, when the Spanish regional government of Andalusia unravelled a larger bail-out package by withdrawing its part of the package: an offer of a 20 million euro loan to the failing Abengoa.

The July 5, 2010 GreenTechMedia reported that in 2008, Abengoa ‘negotiated with the Obama-Biden administration, along with Energy Secretary Steven Chu, that the U.S. government would extend to Abengoa a $1.4 billion U.S. federal loan guarantee—a very large sum at that time for renewables—to build a “250 megawatt “Solana solar concentrating power plant near Gila Bend, 70 miles southwest of Phoenix, Arizona. It would be a parabolic trough plant, that would supposedly be able to store some of the solar rays in the form of thermal energy. But the trick was that the plant would generate about 38% of its rated capacity, meaning that it would generate almost two-thirds below what its rated capacity said.

Abengoa also built in Hugoton, Kansas a hybrid biomass plant, which would convert 350,000 tons of biomass/year into 25 million gallons per year of liquid fuel. Abengoa opened this plant in October 2014; the plant shut down operations in December 2015. Abenoga sold the plant, which cost more than $110 billion to build, to another company for $43 billion.

It has not been made known what will happen to the $1.4 billion Obama-Biden loan guarantee that was made to Abengoa.

It should be noted that many solar and wind turbine companies survive only through U.S. government tax breaks and subsidies. According to the America’s Power organization, solar and wind have received $82.1 billion in tax subsidies just between 2010 and 2018.

The failure of Abengoa is a cautionary tale of what may unfold from a $40 trillion geen speculative bubble. That would take down the energy and electricity generating process, and slash agro-manufacturing processes, and human population. It would also, through its insanity, collapse financially.


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