The illusion of the regime of capital’s immortality is fraying at the seams as it desperately works to terrorize the world proletarian into perpetual subordination amid its crumbling economic foundations. Over the course of two days on October 15th and 16th, banks borrowed $15 billion from Federal Reserve’s short-term lending facility, the largest amount borrowed since the Covid-19 Pandemic, when a similar rush on these special reserve funds by major financial institutions was a precursor to the 2020 economic crash which forced the U.S. bourgeoisie to implement a broad program of quantitative easing under the CARES act, dispensing of $2.2 trillion dollars in government checks to millions of unemployed workers to maintain consumer demand, amid mandated lockdowns and civil unrest agitated by economic conditions that exploded into the 2020 George Floyd uprisings.

These recent events occurred alongside the failure of two major financial institutions, First Brands Group and Tricolor Holdings, the second string of major financial institutions to crash just this year, occurring alongside a major fall in the crypto market in October.

Meanwhile despite the promises of the bourgeoisie to bring back high paying manufacturing jobs to the United States, unemployment swells as the overproduction crisis intensifies. Workers face increased material immiseration and higher rates of exploitation due to automation and austerity in the form of massive government spending cuts forcing millions into lower wage jobs. In October, despite growing production output, U.S. industry experienced the largest inventory build up in decades as demand flat lined or slumped in most industries including AI, agriculture and steel, leaving stacks of unsold goods piling up in warehouses across the country. Meanwhile, the relative growth in U.S. manufacturing capacity has not led to any new jobs, with manufacturing employers having cut 12,000 factory jobs in August and a total of 42,000 positions since April, according to a new analysis from the Center for American Progress (CAP).

As the Federal Reserve increasingly finds itself forced into taking contradictory actions to respond to crises which emerge at ever faster rates and the exploding national debt narrows the field of actions it can take to save the situation in each event, the signs of an economic catastrophe loom. Thus the U.S. capitalist class threatens to stir up war in Venezuela as a means of both stabilizing its profit rates and ensuring the subordination of the U.S. working class as it faces deepening immiseration. Today, the U.S. working class is disciplined by a renewed red scare, an attack on vulnerable immigrant workers, an attack on established unions, and the imposition of a strict regime of austerity eliminating services necessary to maintain the lowest paid workers as the ongoing attack on workers real-wages in the form of increased costs of living is met with perpetually stagnating wages. Now this full scale assault on the working class is accompanied by the deployment of military forces to cities across the country to pre-emptively ward off any potential proletarian revolts in anticipation of the next economic crash and the outbreak of war.

In full demonstration of the capitalist’s desperation for imperialist conflict, the U.S. has deployed a significant military presence in the Caribbean, including the assignment of over 4,500 Marines and sailors from amphibious ready groups, warships, numerous aircraft and a nuclear fast-attack submarine, alongside the deployment of the CIA for on the ground covert operations. The build up is all aimed at Venezuela under the guise of combating “narco terrorism” in order for the U.S. to gain more control over the country’s oil and critical mineral supplies. Meanwhile, the bourgeoisie extends the terrain of this renewed “drug war” into American cities unleashing thousands of masked federal agents to combat the so-called “enemy within”; however, on both fronts the true enemy for the bourgeois is the international proletarian.

As the masses of workers are pushed further into abject poverty in the face of an increasingly decadent bourgeois, who flaunt their wealth with extravagant rocketship rides to space, superyachts and now the construction of large ballrooms and triumphal arches in Washington D.C. amid a government shutdown which sees millions going without paychecks and food benefits, the bourgeoisie have resorted to labeling so-called anti-fascists (which in the Republican administration’s rhetoric includes the totality of the Democratic Party) as terrorists, amid a string of assassinations of CEO’s and capitalist politicians. Yet the new laws will only be used to do old work, targeting and attacking proletarians who organize themselves to oppose capitals onslaught.

Workers must dedicate themselves to the difficult work of rebuilding the militant working class proletarian defensive organizations, the class unions, and developing the capacities of the working class to engage in collective labor actions and build towards the general strike. Likewise, workers must break from the bourgeois political parties and organize themselves under the leadership of the International Communist Party, the only party which despite over a century of counter-revolution and opportunist distortions of revolutionary Marxism, advances the true program of the working class to realize its historical aims of the abolition of class society itself, and towards the preparation of the final offensive struggle to end the regime of capital. As we reported in TICP 61, the bourgeoisie know their true mortal enemy well, it is the communists who the Republican Party listed more than any other as their primary target for political repression in both Project 2025 and the Republican Agenda 47.

Approximately every 8-10 years in the United States there is a major economic crisis. While the next economic crisis may come sooner or later than that date, it is fast approaching and 2028 marks an important year. A year where many large unions across the country have committed to building towards a general strike & the year the next presidential election is slated to occur, all of which will likely unfold in the thick of a major financial crisis and expanding imperialist wars across the globe and an American society which will be more deeply polarized along class lines unlike any other point in the last half century. As the U.S. capitalist class eliminates many of its key counter-revolutionary welfare programs established during the so-called “New Deal” and “Great Society” periods which were critical for the corruption of the U.S. proletariat and the development of the U.S. labor aristocracy that tied itself to its nation rather than its international class, the social contradictions will only continue to intensify creating a powderkeg of class antagonisms, which will likely lead to the ripening and the expansion of the militant working class movement in the difficult years to come.

Inter-imperialist conflict between the U.S. and Venezuela and the future war against China, will be fought to preserve a putrefying capitalist system. In the conflicts of the future millions of proletarians will be asked to sacrifice themselves for their national bourgeoisie amid ruthless campaigns of repression domestically. The workers must refuse to fight and support these wars for their cruel masters. Workers have the power to put the brakes on the slaughter but they must organize themselves to take up the slogans of proletarian defeatism to meet the patriotic calls of bourgeois nationalism and militarism.