Ukrainian Doctor of Economic Sciences Natalia Vitrenko has commented on the EIR News article by Dennis Small, “How Should the BRICS Countries Respond to Trump’s ‘Crypto Tariffs?’” She writes:
“A conscientious researcher and serious scholar, as always, Dennis Small undertakes to research the most complex problems of macroeconomics and gives clear, reasoned and relevant recommendations for solving them. Indeed, the world community is sitting on a financial bomb of $2 quadrillion. The explosion of this bubble will be an unprecedented tragedy in the history of mankind.
“The imperialist countries (above all Great Britain and the U.S.A.), which gave birth to this bubble, are setting one fire after another, trying to distract attention from the true goals of this monstrous policy. They are trying to maintain dominance over developing countries by imposing rotten WTO conditionalities, stifling IMF loans, color revolutions against governments they don’t like, and inciting bloody military conflicts. They are deliberately conducting a policy towards igniting a nuclear Third World War.
“It is unacceptable to await a radical, peaceful change in policy from the leadership of those countries, or from the international financial institutions they created. They must be forced to it.
“How? And here Small, continuing the research methodology of Lyndon LaRouche and Helga Zepp-LaRouche, clearly formulates the task of creating a new international financial system.
“This is precisely the task for the BRICS countries, which united for their own salvation. Only by their joint action, only by well-considered steps to strengthen national currencies, to create their own common currency, and to distance it from the increasingly toxic dollar, which is provoking a global catastrophe, can the world be saved from collapse. Small emphasizes the need to replace floating exchange rates with fixed ones. And on this basis, a real opportunity for productive credit appears, recreating the system of Alexander Hamilton at the present stage of history. Only the rapid development of the physical economy of the BRICS countries can become the locomotive for pulling the world economy out of the ever-deepening hole of financial debts and speculation.
“Dennis Small’s article provides huge intellectual help to the world community in its search for solutions to the most acute civilizational problems.”
Natalia Vitrenko
Doctor of Economic Sciences of Ukraine
