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President Biden after he signed the $95 billion military aid package. Credit/C-SPAn

April 24, 2024 (EIRNS)—Two U.S. votes during the last week—one by the Executive branch, the other by the Legislative—have set the entire planet hurtling rapidly towards general warfare in three different theaters of war: Ukraine, Southwest Asia, and China-Taiwan. Who other than Wall Street and the City of London could benefit from such a suicidal policy?

On Thursday April 18, the United States vetoed a UN Security Council resolution that would have paved the way for full UN membership for Palestine, and therefore its recognition as a state and a pathway to peace. Instead, the veto guaranteed the genocide in Gaza would continue, undisturbed, and increased the likelihood of the war spreading from Israel to Iran, and from there throughout the Middle East cockpit of war—and possibly beyond.

On Saturday April 20 the U.S. House of Representatives passed a nearly $100 billion military aid bill for Ukraine, Israel and Taiwan, which was then approved by the Senate on Tuesday April 23 and signed into law by President Biden on Wednesday April 24. The bill provides tens of billions of dollars to the U.S. military-financial complex (and from there, a pass-through to bankrupt Wall Street financial firms); it will send arms to, and politically embolden, the neo-Nazi Zelenskyy government in Ukraine and the Netanyahu killers in Israel; and it will help prepare for a coming hot war against China in the Indo-Pacific region.

Even as you read this report, the Biden administration is threatening to unleash full-scale financial warfare and sanctions against China—a nation of 1.4 billion with the most powerful economy on the planet—of the sort launched against Russia since 2022, which played a major part in destroying the dollar as a world reserve currency. Secretary of State Tony Blinken is on a three-day trip to China, where he will tell Chinese authorities that they have to put a halt to all significant economic cooperation with Russia, on the grounds that they are providing “dual-use technologies” for Russia’s war in Ukraine. According to an April 22 Wall Street Journal article, the U.S. is already drafting sanctions that would cut Chinese banks off from the global financial system if they don’t comply—precisely the policy which was such a catastrophic failure against Russia. Repeating it against China may well tip the entire world over into global de-dollarization and economic decoupling—the prelude to general warfare.

The Chinese Foreign Ministry denounced this “malicious intention of curbing and suppressing China’s industrial development … [and we] warn the U.S. that suppressing China’s science and technology is … depriving the Chinese people of their legitimate rights to development. China will respond resolutely.”

The Russians are also preparing for what comes next. Defense Minister Sergey Shoigu announced on April 23 that the new-generation S-500 anti-aircraft missile system will be put in service later this year. Russian media note that little is known about the S-500, except that it is reported to be capable of intercepting hypersonic missiles as well as destroy targets in low Earth orbit. Those in the West who are actively contemplating a “preemptive decapitation” nuclear strike against Russia will want to think twice—if thinking is still in their repertoire.

At the same time, Russia and China are moving with equal urgency to work with friendly nations to expand high-tech infrastructure development projects throughout the Eurasia-Pacific region, as well as to explore financial and trade relations with fellow BRICS nations that can sidestep the deadly sanctions and speculative debt associated with Wall Street’s bankrupt dollar-based system. Russian President Vladimir Putin’s discussion of the past and the future of the Baikal-Amur Mainline rail system in the country’s Far East is exemplary of that approach. It must be stressed that Russia’s earliest building of railroad that opened up its enormous interior, was modeled on President Abraham Lincoln’s Transcontinental Railroad, and on the American System of economics in general.

Why isn’t the United States an ally of such efforts today, rather than going to war to stop them, on Wall Street and the City of London’s orders? That is the urgent question that Americans who are fed up with the Ukraine war, who are horrified by the U.S.-backed genocide in Gaza, who think it lunacy to go to war against China, must ask and answer.

Like China, Russia has repeatedly stated that they are prepared to cooperate with the United States and Europe, so long as there is true mutual benefit and respect for each other’s central interests. In its foundational March 31, 2023 “The Concept of the Foreign Policy of the Russian Federation,” the Russian government stated unequivocally:

“Russia does not consider itself to be an enemy of the West, is not isolating itself from the West and has no hostile intentions with regard to it; Russia hopes that in future the states belonging to the Western community will realize that their policy of confrontation and hegemonic ambitions lack prospects, will take into account the complex realities of a multipolar world and will resume pragmatic cooperation with Russia being guided by the principles of sovereign equality and respect for each other’s interests. The Russian Federation is ready for dialogue and cooperation on such a basis.”

As Schiller Institute founder Helga Zepp-LaRouche has repeatedly insisted, we are One Humanity, and we must solve the security and development needs of all nations, or we will solve none.