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When President Richard Nixon took the dollar off the gold reserve standard on Aug. 15, 1971, he effectively ended the Bretton Woods system of fixed currency-exchange rates. Nixon's action, taken at the urging of bankers' boy George Shultz (then director of the Office of Management and Budget), set into motion the creation of the largest financial bubble in history, a bubble the collapse of which is now laying waste to the global banking system and securities markets. The mantra rising from financial circles after such disasters is that ``no one'' could have foreseen the ``unexpected events'' which developed from policies and decisions that ``everybody'' agreed to at the time. You hear it frequently today, from people ranging from former Federal Reserve chairman Sir Alan Greenspan, to bankers whose allegedly ``fundamentally sound'' banks vaporize seemingly overnight. Who knew this could happen?
One man did know, and said so at the time, loudly and forcefully.
That man is Lyndon LaRouche.... |
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March 23, 2007
—EIR News Service announced the publication of
The Anatomy of Russian Capitalism,
by Professor Stanislav M. Menshikov.
Translated from the Russian by Rachel Douglas, the book is an authoritative study of the Russian economy during the first 15 years after the break-up of the Soviet Union. The Preface, by EIR founder and contributing editor Lyndon LaRouche, titled, "Russia's Next Step," poses the need for U.S. policy-makers to study and grasp the "disease" presented in this book, since it represents "an economic global pandemic which we must all join to defeat." |
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Feature
- The End of the Line for The Anglo-Dutch System
Thirty-seven years ago, Lyndon LaRouche saw the present collapse of the financial system as inevitable, after George Shultz, on Aug. 15, 1971, set into motion the creation of the largest financial bubble in history, by persuading President Nixon to end the Bretton Woods system. The Anglo-Dutch system is now collapsing as a result of its own cannibalistic policies.
- LaRouche: Bailout Illegal;
Bankers Should Be Jailed
- LaRouche's 1971 Forecast
- Doom Has Struck!
Three Steps to Survival
On March 17, 2008, LaRouche issued this call for action, listing three essential measures which must be taken more or less immediately, before the situation in the U.S.A. and western Europe becomes hopeless.
- LaRouche's Ninth Forecast:
The Coming Disintegration of Financial Markets
In this article, which first appeared in EIR, June 24, 1994, LaRouche reviewed his first eight economic/ financial forecasts, and delivered a ninth. This is the record which all serious legislators must master in dealing with the current crisis.
- The System Disintegrates:
From 1994 to Today
The global breakdown crisis entered a new phase, less than a year after LaRouche issued his Ninth Forecast.
- LaRouche's Proposals
Three documents elaborate LaRouche's 'Three Steps for Survival.'
Economics
International
- British Launch 'Great Eurasian War'
Drive Do not look for local causes, or event-driven explanations for the outbreaks of chaos and violence throughout Eurasia and elsewhere. We are witnessing a top-down, London-orchestrated confrontation, aimed at igniting such chaos around the globe, to maintain oligarchical control as the world financial system blows out.
- Taiwan Votes for China Against the British
Interviews
- Alfonso Gianni Alfonso
Gianni is Undersecretary for Economic Development in the outgoing Prodi government in Italy, and was among the signers of the New Bretton Woods resolution in the Italian Chamber of Deputies in 2005.
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