LaRouchePAC Daily: Urgent International Petition Drive For A New Bretton Woods Conference

The Schiller Institute, under the leadership of Helga Zepp-LaRouche, has launched an urgent international petition drive, seeking a conference of the United States, Russia, China, and India, to establish a new fixed exchange rate system for world trade and development, modeled on Franklin Roosevelt’s concept of the Bretton Woods system. On August 15, 1971, U.S. President Richard Nixon took the dollar out of the Bretton Woods system, ending the post World War II stability which had allowed the destroyed economies of Europe and Asia to not only recover from the War, but to build the modern infrastructure necessary for continued prosperity. Roosevelt’s intention for the post-war period as reported by his son, Elliot Roosevelt, was to use the Bretton Woods system to destroy British colonialism, the poverty and backwardness it produced, once and for all. Now a new such Bretton Woods conference between the U.S., Russia, China, and India, represents the only means to mitigate and survive the pending collapse of the post 2008 financial bubble, a bubble bigger by orders of magnitude than that of 2008, the collapse of which will engulf the entire world in chaos.READ MORE