3.18 This requires a strictly managed set of sovereign nation-state economies bound together by a fixed-exchange-rate system. Such a system will be managed, chiefly, through treaty agreements among partners in the credit and in tariffs of the system. For example, as I proposed legislation to this effect during 2005 and beyond, I intended then, that the Federal government should “capture” the relevant idled potential of the U.S. automobile-manufacturing sector, using the machine-tool capabilities which have been inherently embedded in the capacity of the automotive sector since war production of the 1939-1945 interval, for supplying the needs of physical capital improvements and expansion in the public sector of the Federal, State, and local governments.