The Basis for a New Bretton Woods System Today, Part III
Now, build on the difference in intents between U.S. President Franklin Roosevelt and the British at the original Bretton Woods conference, as covered in the previous page in this package. Political intents are transformed into economic policies. The American System of economics has always intended to develop human society, while the system of empire (as in the British financial empire) has intended to treat people as beasts, to be ruled over by their supposed superiors.
This difference in intention finds it parallel in the distinction between monetary systems and credit systems. Today, you might hear idiotic economic commentators (who foresaw neither the 2000 nor the 2008 crashes) bloviating about the supposed holiness of an “independent central bank,” but such fools don’t know the first thing about how the United States became the world’s foremost economic power, or about how China has achieved its recent meteoric rise.
Let’s hear from Lyndon LaRouche, speaking in 2009 on the difference between money and credit, as it applies to the formulation of a New Bretton Woods today, a New Bretton Woods to be convened by sovereign nation states—the four powers of the United States, Russia, China, and India:
In 2018, Will Wertz, long-time associate of Lyndon LaRouche, spoke at a LaRouchePAC meeting in Manhattan on the distinction between LaRouche’s New Bretton Woods proposal, and the various deliberately failed New Bretton Woods proposals being made by Yannis Varoufakis, among othes. The key difference? Intent and public credit! (A transcript of Wertz's remarks can be found here.)
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Next we’re going to take a look at China’s Great Belt and Road Initiative, the largest infrastructure ever undertaken by mankind. It reflects, dramatically, a proposal originally made by Lyndon and Helga LaRouche for a World Land-Bridge as a central project for 20th and 21st Century development. With a stable, world-wide currency regime focused on providing long term credits for similar projects to those of the Belt and Road, we could enter a period of sustained prosperity, pulling millions out of poverty and sub-human modes of existence. >>>