What Is the Real New Bretton Woods?
by Lyndon H. LaRouche, Jr. [PDF version of this article] This article, dated Sept. 24, 1998, originally appeared in a New Federalist pamphlet. At a March 18, 1998 conference in Washington, D.C., I presented a formal statement of my proposal for the adoption of a “New Bretton Woods” policy. This was presented as an action to be initiated by the President of the U.S.A. It represented then, as now, the only feasible alternative to the continuation of a then already ongoing process of disintegration of the world’s financial and monetary system. Later, during late August of this year, following fresh, thunderously ominous escalations of Japan’s and Russia’s ongoing financial and monetary crises, a limited, but significant number of prominent figures and institutions began to echo my “New Bretton Woods” proposal; the proposals from these bankers and others were more limited in scope than my own, but were otherwise competent. Among sane bankers, there was general recognition of the urgency of
