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SCHILLER INSTITUTE
New Bretton Woods
Draft Resolution
This resolution, based on the new Call for A New Bretton Woods, will be intoroduced at the December, 2002 annual conference of the National Black Caucus of State Legislators:

Whereas, Six years ago a call was circulated for establishment of an Ad Hoc Committee for a New Bretton Woods Conference, signed by over 500 parliamentarians from over forty nations, including members of the National Black Caucus of State Legislators, thousands of civil rights leaders, trade unionists, and local elected officials; and

Whereas, The world financial system has entered the final phase of its systemic crisis, including chaos in Argentina, mass death throughout Africa, deepening depression in Japan, the collapse of the "New Economy" bubble in the U.S. and Europe, and the growing insolvency of states and cities across the United States; and

Whereas, If in this situation a war against Iraq is launched, a war that will have incalculable consequences for the strategic situation and the world economy; and

Whereas, The convening of a New Bretton Woods Conference, in the tradition of President Franklin Roosevelt, who called the original conference in 1944, would create a new monetary system as proposed by US Presidential pre-candidate Lyndon LaRouche, Jr., to set up the mechanisms that ensure real economic growth and productive full employment worldwide, including the construction of large scale infrastructure projects; and

Whereas, The Parliament of Italy passed a resolution on September 25, 2002, mandating the creation of a Bretton Woods style system, and similar resolutions have been introduced in the European Parliament, the National Conference of State Legislatures, state legislatures in the United States including Kentucky, Pennsylvania, Michigan, and Mississippi, and passed the Alabama House of Representatives; therefore,

Be It Resolved, that the National Black Caucus of State Legislators, assembled in our annual conference in Indianapolis, Indiana, in December, 2002, hereby calls for the emergency convening of a New Bretton Woods conference at the earliest possible time, to change the agenda of US and world politics away from war and poverty to peace and prosperity through productive development, before it is too late; and therefore,

Be It Further Resolved, that copies of this resolution be delivered to the President of the United States, the members of the United States Congress, and all State Governors for their immediate consideration and prompt action.


Background Material:

New Bretton Woods Page

Italian Parliament Resolution

Physical Economy Page


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