Click here for Full Issue of Fidelio Volume 11, Number 3-4, Summer-Fall 2002 Italy: ParliamentaryBreakthrough For New Bretton Woods System EIRNS/Stuart Lewis EIRNS/Rudiger Rumpf Lyndon LaRouche was the keynote speaker at a Rome conference on July 2, mobilizing support for a New Bretton Woods. Left to right: Sen. Oskar Peterlini, Paolo Raimondi of the Italian Solidarity movement, LaRouche, and Dr. Nino Galloni of the Italian Labor Ministry. EIRNS/Stuart Lewis ith a bipartisan vote, the Italian and avoiding speculative bubbles and WChamber of Deputies voted up a financial crashes.” Middle East and spread chaos across resolution on September 25 calling for a During the final discussion, Rep. the globe. “new financial architecture” to establish Giovanni Bianchi, speaking in the While the world is against the war, a new international monetary and finan- name of his parliamentary group, LaRouche said, it appears that a kind of cial system, that would support “the real stressed the importance of the para- compromise is in place, being pushed economy” and avoid “speculative bub- graph addressing the issue of debt by Tony Blair, who has convinced Bush bles.” The debate, and resolution, were restructuring. “Not by chance,” said to go to the United Nations. The first the result of a two-year effort by the Bianchi, “one speaks of a new Bretton option is that the U.N. rejects the deal LaRouche movement to put Lyndon Woods. I believe that we are in such an offered by Bush—and the U.S. goes LaRouche’s New Bretton Woods on the evident disorder that the need and the ahead unilaterally against Iraq. The agenda. demand for some order is necessary. second, is that the U.N. and Bush come The final language of the resolution Let us not let an isolated and (unfortu- to an agreement, but Saddam Hussein described the crisis now affecting nately) a bit prophetic figure, like Lyn- says no. But if Saddam says yes, there Argentina as “a crisis of the whole don LaRouche, who had forecast the is a third possible road to war: Sharon financial system, characterized by specu- destiny of the bubble, be the only one to simply launches the war he needs, lation reaching the $400,000 billion . . . carry on this issue.” either with his nuclear arsenal, or related to a world gross product of about without. $40,000 billion (this gap has been grow- Extensive Debate The problem could be solved, ing in the last years),” and called for a The motion proposing wholesale change LaRouche said, if he were in the White host of measures to aid the Argentine in the policy of the International Mone- House. But, until LaRouche can get into economy, with which Italy has very tary Fund and a New Bretton Woods- the White House, he has taken it upon close ties. style reorganization of the international himself to protect the Presidency and One of the most important measures financial markets, was discussed in the President Bush himself, “but somehow read: “to undertake, in particular, the Italian Parliament on Sept. 24 and 25. induce the changes in policies that I initiative of continuing, in international Originally drafted by Paolo Raimondi of would make, at least enough of those to competent forums, the activity of study- the Italian LaRouche movement, it had get us through the next two years, when ing and proposing a new financial archi- been signed by nearly 100 Italian Repre- I’ll take over.” tecture able to support the real economy Please turn to page 94

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© 2002 Schiller Institute, Inc. All Rights Reserved. Reproduction in whole or in part without permission strictly prohibited. Institute Renews Call for New Bretton Woods In late September, the Schiller Institute launched a renewed campaign for adoption of the which replaces those mechanisms that New Bretton Woods system, put forward by economist and American Presidential candi- have led to the destruction of produc- date Lyndon LaRouche. The following statement updates the February 1997 call for a tive industrial capacities and to the New Bretton Woods, issued by Schiller Institute founder Helga Zepp LaRouche and existence of the speculative bubble, Ukrainian Parliamentarian Natalia Vitrenko. with mechanisms which make possible Joining Zepp LaRouche in re-issuing the call, which was previously signed by over economic growth worldwide and pro- 500 parliamentarians and prominent political figures, were Hrant Khachatrian, mem- ductive full employment. ber of the Armenian Parliament and president of Union of Constitutional Rights Party; Haik Babookian, member of the Armenian Parliament; Prof. Dr. Tatyana Koryagina, National Banking, Debt Cancellation economist, Moscow; and Dr. Nino Galloni, economist, Rome, Italy. A large portion of debt worldwide must be written off, since it cannot be *** paid, neither by the nations of the so- Ad Hoc Committee for subsequent global collapse of the sys- called Third World, nor by the A New Bretton Woods System tem. The ‘New Economy’ bubble has U.S.A, nor by municipalities like burst, the American economic model is Berlin. The speculation in derivatives Six years ago, a call was circulated, shaken by a fundamental crisis of con- must be completely written off. We for an Ad Hoc Committee for a New fidence, huge banks are threatened need fixed exchange rates, so that Bretton Woods, which was signed by with bankruptcy, debts worldwide long-term investments are again pos- over 500 parliamentarians from over have become unpayable, municipalities sible, and a national banking system 40 countries, and several hundred are insolvent, and other bubbles are in each country, on the model of the Civil Rights leaders, trade unionists, about to burst. Kreditanstalt für Wiederaufbau, in industrialists, and representatives of If, in this situation, in addition, a war order to issue credit for economic social organizations, among them for- against Iraq is launched, a war which reconstruction. mer President Jose Lopez Portillo of will have incalculable consequences for Instead of a policy of continuing Mexico, and former President Joao the strategic situation and the world war without any peace plan, we need Baptista Figueiredo of Brazil. All economy, then humanity as a whole is an economic perspective for securing those who signed, were motivated by truly threatened with catastrophe, and a world peace. The construction of the their deep concern about the effects of descent into a New Dark Age. Eurasian Land-Bridge, as the center of the global financial and economic cri- a global reconstruction plan for the sis. Since then, the governments of the Change the Agenda of World Politics world economy, not only means over- G-7 states have shown themselves to It is therefore urgently necessary that coming unemployment and the eco- be unwilling to deal with the dramati- the agenda of world politics be nomic crisis, but also represents the cally worsening crisis. changed. common interest of all participating At the moment, the global world We, the undersigned, demand the nations. Therefore, the Eurasian financial and monetary system has immediate convocation of an emer- Land-Bridge, as a concrete concept for entered the final phase of its systemic gency conference, in the tradition of a new, just world economic order, is crisis. Argentina is sinking into chaos; Franklin Delano Roosevelt and the also a true vision for peace. all of Latin America is following. Japan 1944 Bretton Woods conference. The If the current trends of financial is collapsing more deeply into depres- aim of this conference must be to cre- collapse and war dynamic continue, a sion; the Bank of Japan is buying shares ate a new monetary and financial sys- catastrophe is ensured. Thus, let us of banks on the stock market, in order tem, as proposed by U.S. Presidential change the agenda of world politics, to postpone its going bankrupt, and the pre-candidate Lyndon LaRouche, before it is too late!

Italian Parliament and proposals have been presented in supported by politicians from all sides both the Italian Chamber of Deputies of the political spectrum, demonstrat- Continued from page 93 and Senate, the European Parliament, ing an important move towards creat- sentatives and Senators since its intro- and the City Councils of several impor- ing a national alliance for the common duction in April of this year. tant Italian cities, including Milan and good, much different from the usual This week’s discussion and vote Rome. Nearly all of these resolutions, bickering and back-stabbing among the come as a result of a two-year-long including the one currently under dis- numerous political parties present in process, in which similar resolutions cussion in the Parliament, have been Italy.

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