2011 Glass Steagall for industrial revolution  

basalt, new technology, new materials, high-temperature processes, advanced industrial automation, new energy resources, low cost construction, free houses 

2011 - Enabling the Inevitable

Glass Steagall enabling

A New Industrial Revolution

    What do you see, a desert? 
I see the future home of America's new industrial heartland
vast empty spaces for new cities with new industries
cultural centers
science centers
and technology centers

 

The first step is Glass Steagall
the legislation that is designed as a firewall against empire

"Glass Steagall" was the legislation that had enabled America to take its country back out of the hands of the financier empire. It was enacted at the time of America worst depression to stop the looting of the nation and begin its recovery. On this basis America had developed the most powerful economy in the world and the richest nation on the planet. But Glass Steagall was repealed by traitors in high places. As a consequence America collapsed on many fronts. Its industries have been destroyed. Its infrastructures are falling apart. Its social structures are torn down. It has become a hellhole of poverty and a welfare state for the thieves. To recover itself America needs a new renaissance and a new industrial revolution. And for this it needs Glass Steagall restored. Many are fighting for it, but not enough to turn the tide against the traitors in high office who stall the restoration with every dirty trick and threat they can throw against it to block Glass Steagall that would take the wind out of the sails of empire and protect the nation. But the key issue here is not empire, but the small-minded thinking in society.

In a small-minded world 

The project to restore Glass Steagall is failing, apparently for reasons of society's own smallness in thinking that appears to be the blocking factor against Glass Steagall. And this sense of smallness goes deep, all the way, to the point of seeing no hope. Society sees nothing on the horizon to fight for that would give it the moment to fight for its future. Even the leading-edge promoters have nothing to offer beyond the horizon. They say in essence, give us Glass Steagall so that we can get rid of the parasites in order that we can breathe again and recover America from its entrapment. But there, even the leading edge pioneers stop.

They stop with small promises, too small to be meaningful. They promise society, that after Glass Steagall, we will give you 6 million jobs building NAWAPA, directly or indirectly, and with these, as a national effort for some fifty years, we will give you a trickle in improved agriculture down the line. What a future would this promise offer? They ask the nation to devote enormous resources in manpower and materials, with nothing to show for in tangible returns for 50 years. Would one expect people to get excited about that?

This kind of project runs contrary to the principle of economics, doesn't it, as it offers no tangible benefits (other than work) for society for fifty years, and relatively few benefits after that. Who would be inspired by this in a world were more than ten million families have been kicked out of their homes, and countless millions more live in slum conditions that are an insult to the human being, and more than a billion people across the world live in chronic starvation while food is being taken out their mouth by underdevelopment and for burning it in cars in the form of bio-fuels.

If one wants to inspire a breakout from this status of horror, one can't do this with a promise that offers almost nothing in returns for 50 years. At the very least the leading edge leaders would need to offer society what it would have produced if its normal development had not been interrupted in the postwar period, and had been taken down, which the repeal of Glass Steagall. 

If America's development had not have been interrupted universal free housing for all in need would have been implemented decades ago. It would have been derived from efficient high-temperature automated production, made of basalt. The high-temperature nuclear power technology that enables efficient production with molten basalt was already up and running, and even tested, back in the 1950s with the development of Liquid Fluoride Thorium Reactor (LFTR), also called the Molten Salt Reactor (MSR). With the thermal input of a single 1-gigawatt LFTR (burning one ton of thorium per year, of the 900,000 tons the USA has) an efficient facility can be built that can produce complete housing modules for 15 million homes per year by reshaping basalt without effort in automated production so that the housing can be given away for free as an 'investment' by society into itself.

If this was standing behind Glass Steagall as a promise, the political fighters would offer a whole new renaissance in human living, which would be possible in a very short period, of possibly just a few years. The LFTR is relatively easy to construct, as it doesn't even require a pressure vessel to operate, while it offers 500 degree heat that can be pumped up to 1,200 for melting basalt. The potential for mass-producing houses on this basis has existed for 50 years already. And so, I would say, that this is the minimal that one would expect by the leaders to be tabled as a driver for starting a new renaissance with the restoration of Glass Steagall.

The same capability existed for just as long to divert the outflow of rivers over long distances, flowing in the oceans in woven arteries made of basalt. With this simple principle that is widely applied in natural water movement, the NAWAPA objective could be achieved in five years instead of fifty, with minimal cost and far greater volume. Diverting the outflow of the Columbia River to the coast of southern California, that way, would bring 191 million acre feet per year (2.5 times the NAWAPA projected volume) to the dry southern region. On this platform double the NAWAPA projected increase in food production could be achieved, and in less than a decade, complete with brand new cities and new industries operating in the appropriate areas.

Not only would such a breakout, for which America had the capability already for five decades, create a new renaissance with the utilization of efficient production, materials, and technologies, but the resulting industrial revolution would create such a demand for manpower for the new-technology industries, with a vast ripple effect in creative production that the more efficient materials, processes, and technologies would enable, so that the goal of 6 million new jobs would be far superceded, almost from a standing start.

This kind of promised jumpstart would be of a power that would inspire the needed breakout from the empire trap set up by traitors in high places, and would get Glass Steagall back almost immediately. Compared with such a momentum, the current NAWAPA offers almost nothing. It represents a denial of the power that we have within us. Why would a nation labor for fifty years to build giant dams that are twice as high as the Great Pyramid of Giza, or even three-and-a-half times a high, as in the case of the 1,700 foot high dam across the Coper River, when double the result can be achieved in five years?

NAWAPA isn't an incentive. It is a disincentive. Sure, the task is huge and impressive. It took China 12 years to build the little Three Gorges Dam (600 feet high) in the most perfect climate, ideal terrain, and with easy accesses to the largest industrial engine in the world. The original NAWAPA estimate, ranging up to 50 years in construction time for building the 900 and 1,700 foot-high dams, seem to be quite reasonable, considering that these dams would have to be exponentially more massive, especially when built in one of the world's premier earthquake regions, and for further considering that the entire construction region is frozen up for seven months of the year. The point is, why would anyone, or nation, labor for fifty years, when the same result can be wrought in five years with almost no effort? And who would be inspired by this folly, that's synonymous with planning to travel from Washington to New York via Tokyo? What is proposed with NAWAPA at the present time is a blocking factor rather than a driving impetus. What incentive would anyone find in this to develop the political will and motivational power to break out from the empire regime and reinstate Glass Steagall? The proposed solution doesn't offer a dynamic match for the scope of the challenge, and much less for the deep needs in society. It even falls short in offering a minimal foundation for a new renaissance.

If Glass Steagall is not achieved, or too late (as it is already in many ways), the failure lies in the tragically small perceptions within society itself of its potential future, something that it could see standing behind the call to re-enact Glass Steagall. We are running the danger today, because of the inherent small thinking that pervades the current NAWAPA project as a follow-up behind Glass Steagall, that the great moment before us, which may be the most critical moment in history, has found once again a very small people, so that the tragedy that has gripped the world does not get resolved.


 

 Rolf Witzsche, author of books and novels on Christian Science, politics, science, and, love, and economics

Rolf Witzsche

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