June 7, 2024 (EIRNS)—In a world where, as Helga Zepp-LaRouche said to yesterday’s meeting #53 of the International Peace Coalition, “red lines are being crossed every day,” and world war seems an inevitability, humanity’s survival may now well depend on an immediate, successful deployment and application of a higher level of intelligence in statecraft. The United States Administration, and nearly all of the Anglosphere’s present leadership are found wanting of the intellectual or moral capability to survive. The obscenity of the “D-Day 80th anniversary ceremony in France on June 6 being used to launch a Third World War,” much to the consternation of the nonagenarian veterans in attendance, need only to be mentioned here. President Joe Biden wondered where his invisible seat was, as the world wonders who the invisible American Presidency is.
Luckily for the world, however, something extraordinary occurred in St. Petersburg, in certain, extraordinary remarks made by Russian President Vladimir Putin during a question and answer session following the plenary session of that conference, for altogether three and three-quarters hours. Putin first discussed the death of the Bretton Woods monetary system, which he dated from the January 1976 “Jamaica Accords” conference that revised certain laws of the International Monetary Fund to officially end the 1944-71 monetary system, established at Bretton Woods, New Hampshire, using the dollar, backed by a fixed parity with gold, as the basis of world credit. He then described the unpayable debt of the system in certain terms. Then, Putin, in discussing steps that must be and are now being taken, among the BRICS and BRICS-Plus nations, to avoid being swept away in the avalanche of financial speculation and unpayable indebtedness of the Anglosphere, said something of central importance—something which would have been the basis for discussion, and at least provisional agreement, with American President Franklin Delano Roosevelt, and a post-Cuban Missile Crisis John F. Kennedy.
Referencing a discussion that had occurred with special guest President Emmerson Dambudzo Mnangagwa of Zimbabwe regarding investment in his and other African nations, Putin said: “Yes, that’s right, it can be done, and not only in relation to Zimbabwe, it can be done in relation to other African countries; this can be done in relation to the countries of South Asia and Asia in general, (and) in relation to rapidly developing countries. But we need instruments that would guarantee these investments and the return (on investment). What can this be based on, if not on gold? On the quality of the proposed investment projects. If we ensure the quality—the quality and stability of political regimes—and we will have to do this together, then we can develop such a system of settlements, which will be practically devoid of volatility, will not be volatile, will not be subject to inflation. All this can be done. We discussed this with my friend and colleague, President Xi Jinping during my trip; we will talk about this with other leaders of the BRICS countries. This is a very important area of joint work.” (Emphasis added.)
This is the secret of not only the real purposes behind the present wars. This describes, in one way, the principle of human economy, as opposed to Adam Smith’s predatory monetarism, or the “primitive accumulation” forms of socialist “redistributionist” economy, or anarchic libertarianism, or fascist forms of military “command economy,” such as the military-monetary complex is now imposing in the trans-Atlantic world. While we do not know, and cannot know, the nature of the exact discussions under way among these nations, and while much would have to be clarified, what we can do is point to economist and statesman Lyndon LaRouche’s identification of the same “species-type” of idea: the actual, human nature of credit.
In his paper “On a Basket of Hard Commodities: Trade without Currency,” Lyndon LaRouche poses the following: "In the present situation, where the valuation to be placed on each and every currency of Europe and the Americas, among others, is increasingly in doubt, what constitutes the quality of durable value upon which medium -to long-term, hard-commodity capital formation could be rationally premised?… Enter, once again, the matter of ‘a basket of commodities.’ I mean a ‘basket of commodities’ as that notion implicitly underlies the relative success of the 1945—1965 fixed-exchange rate monetary system (the Bretton Woods system). I mean a ‘basket of commodities’ as U.S. Treasury Secretary Alexander Hamilton’s 1791 Report to the U.S. Congress on the Subject of Manufactures defined what became known world-wide as The American System of political-economy…." (Emphasis in original.)
In the concluding paragraph of that July 18, 2000 paper, LaRouche states “a basket of commodities, as I have outlined that case here, is thus to be understood as a shared commitment to do good. The issue of economy is, therefore, not the exact price to be placed on any commodity, but the good will expressed in the way a reasonable estimate of a fair price is adopted. On that basis, a reasonable price for a unit basket of commodities, will be the right price and practice.”
Who says that the response of Russia, or China, or other targets of the “mad, old, diseased and dying” Anglosphere, must be military, in the way that machos, or Neanderthal knuckle-draggers, or, lower yet, State Department and other “secret government” operatives prefer to conceive of military affairs? Is it possible that what we are seeing in St. Petersburg, is an “asymmetric warfare” response to the bombing of Russia by NATO? We do not know; we can, however, propose that using the Ten Principles for a New International Strategic and Development Architecture of Helga Zepp-LaRouche, that a dialogue be immediately convened among all those nations and individuals of the world that believe in humanity, on this level. The Schiller Institute will hold a conference June 15-16, intended to do precisely that. Also note, in another “flanking action,” the Schiller Institute press conference that will be held Wednesday, June 12 at the National Press Club, in Washington, D.C., featuring Scott Ritter, Col. Richard Black (ret.), Helga Zepp-LaRouche, Ray McGovern, and others.
