David Dobrodt

On the 50th Anniversary of LaRouche’s Stunning Forecast of August 15, 1971

August 14, 2021

9:00 a.m. – 4:00 p.m. EDT

The LaRouche Legacy Foundation is pleased to invite you to an online seminar with leading international experts to examine the unique contributions of Lyndon LaRouche (1922–2019) to the science of physical economy. The seminar will consist of a morning and an afternoon panel, and it will be held on the 50th anniversary of President Richard Nixon’s fateful announcement of the end of the Bretton Woods system on August 15, 1971.

This is also an urgent invitation to reflect on what went wrong with economic policy in the trans-Atlantic sector over the last five decades, in order to correct those persisting policy blunders and change course before we plunge into a breakdown crisis comparable only to the 14th century New Dark Age.

Some background:

On August 15, 1971, Nixon delivered a dramatic 18-minute national television address in which he announced:

1. The dollar was being taken off the gold standard: the dollar would no longer be redeemable in gold;
2. A floating exchange rate system would replace the existing fixed exchange rate international monetary system;
3. A temporary wage and price freeze would be instituted in the U.S., which quickly became Phase I, II and III drastic austerity measures.

Although Nixon announced these measures purportedly to rein in financial speculation against the dollar, they in fact opened the floodgates to the most massive, lengthy speculative binge in the history of mankind, coupled with physical economic collapse— which continues to this day.

The August 15, 1971 announcement was the most far-reaching and catastrophic economic policy decision of the 20th century in terms of its consequences down to the present. One economist, and one economist alone, called it. He warned that it was coming and explained what it meant within hours of its announcement.

That man was Lyndon LaRouche.

LaRouche spent the next five decades warning that, if those policies were continued, the world would head into a systemic breakdown crisis and the likelihood of fascist economic policies. All the while he presented detailed programs to reverse the crisis, based on the idea of peace through development and on fostering the productive powers of labor of every person on the planet.

For this, LaRouche was reviled and unjustly imprisoned for five years. His policies were not implemented in the trans-Atlantic sector, and the planet today is paying the price for that folly in the form of a hyperinflationary blowout, an uncontrolled and deadly pandemic, and the danger of thermonuclear war. As a result of the campaign to defame LaRouche and silence his ideas, most people in the United States and elsewhere have never studied his writings.

But some people, leading scientists and political leaders in different parts of the world, did listen to LaRouche and did study his works— such as the Russian scientific giant Pobisk Kuznetsov and former Mexican President José López Portillo.

Other specialists and students of LaRouche’s works will participate in the Aug. 14 seminar, and you will be able to hear from them directly about LaRouche’s economic breakthroughs, about his unmatched record of forecasts, and about his programmatic proposals to develop every corner of the planet—and the solar system.  The seminar will help you understand why it is past time to exonerate LaRouche’s ideas, both for reasons of simple justice and to be able to at last implement his policies.

As José López Portillo, the former President of Mexico, stated in 1998 in a joint seminar with Helga Zepp-LaRouche: “It is now necessary for the world to listen to the wise words of Lyndon LaRouche.”

Press statement by Helga Zepp-LaRouche

February 24, 2021—Helga Zepp-LaRouche, the founder and international leader of the international Schiller Institute and widow of the renowned American economist and statesman Lyndon LaRouche, announced today that, through counsel, she has issued a letter to the Lyndon LaRouche Political Action Committee (LPAC) and its Treasurer, Barbara Boyd, demanding that they “immediately cease and desist, both now and in the future” from “using Mr. LaRouche’s name, likeness, and potentially other confusingly similar terms.” The letter states that such use “is likely to cause confusion among consumers since they may believe that you [Boyd] (as an individual), LPAC, and/or the goods and services being offered are somehow associated with, licensed by, or authorized by our Client [Helga Zepp-LaRouche].” Among the remedies required are that Boyd and LPAC “Immediately take all necessary actions to change the name of your political action committee, and the name of any Affiliated Entities, to one that does not include the term ‘Lyndon,’ ‘LaRouche,’ or any formative or iteration thereof, and agree to refrain from using the infringing terms now and in the future on any website, company e-mails, letter head, advertisements, or other marketing literature or correspondence.”

To provide the background and context for this action, Mrs. Zepp-LaRouche issued the following statement:

“What had been since 2004 the official website of the political action committee founded by my late husband Lyndon LaRouche, the Lyndon LaRouche Political Action Committee (LPAC), has had its content taken over by a group of individuals associated with Barbara Boyd, the Treasurer of that PAC, in a direction which I consider contrary to the central policies that my husband stood for. While my husband was still alive, he was responsible for the overall policy direction of the PAC. But since he passed away in February 2019, Mrs. Boyd and her associates, without my permission, have taken over the content of the website and the PAC’s activities as a whole and have embarked on a path that I believe misrepresents both my and Mr. LaRouche’s positions.

“My requests for the PAC to adhere to the policies of the LaRouche movement and to not associate the LaRouche name with policies that were inconsistent with our views, which started to occur within the PAC immediately after the death of Mr. LaRouche, were rebuked to such an extent that Mrs. Boyd and a group of individuals sharing her views issued a document in November 2020 proclaiming their ‘irrevocable’ independence from the leadership of the LaRouche movement, myself included, founded by my husband over 50 years ago.

“While paying lip service to some of Lyndon LaRouche’s ideas, and using video footage of him, in reality the political positions of the PAC increasingly diverged from the policies of the LaRouche movement and my late husband by, for example, excluding any substantive evaluation of the international strategic situation, in favor of focusing almost entirely on internal U.S. politics, principally on issues that were in line with the policies of Donald Trump. They increasingly failed to publish articles and videos that were critical of Trump on topics on which Lyndon LaRouche had personally frequently criticized Trump, such as his praise of the Wall Street financial bubble; the anti-China policies that came to dominate his presidency; and so on. For example:

“In a Jan. 26, 2021 video posted on the LPAC site under the headline ‘Make Impeachment Drive Backfire, Build Movement to Rescue Republic,’ Barbara Boyd stated: ‘If you believe they [people] are beasts and that you can have a social credit system, which is really what we’re putting into place here with the cancel culture—if you behave certain ways, you get social credits for doing x, y, z, and w; if you’re nasty or make stupid comments, or step out of line, you get negative credits. That’s what they do in China. That’s what they do in any totalitarian society.’

“These positions reflect the beliefs of Mrs. Boyd, not Mr. LaRouche or the LaRouche movement. I disagree fully with that characterization of China, and Lyndon LaRouche expressed beliefs to the contrary of this characterization repeatedly throughout his life.

“As the mischaracterizations of Mr. LaRouche’s political positions grew, I and the vast majority of the members of the LaRouche movement, both in the United States and internationally, felt we had no other choice than to support the creation of a new organization and associated website: ‘The LaRouche Organization’ (TLO), founded in December 2020, to ensure Mr. LaRouche’s name and likeness are only associated with his true policies and positions. The difference between TLO and the PAC becomes clear if, as one example, one compares the intention expressed in the TLO founding statement ‘Who We Are,’ which says:

“‘The sole purpose of The LaRouche Organization (TLO) is the dissemination of the ideas of Lyndon LaRouche and the spread of his life’s work, his analytical and scientific method of thinking, with the intention of realizing the solutions he offered to the many crises now facing mankind.’

“Contrast this to the February 14 ‘marching orders’ expressed on the LPAC site under the rubric ‘Your Role in the “New Politics”’: ‘Do battle for the Republican Party; force the traitors and the “weak ones” out, and restore it to the tradition of Abraham Lincoln.’

“Mrs. Boyd and her associates launched a redesigned website for the PAC in February 2021, which notably excludes two pages or topics which were formerly there:

“First, the extremely rich documentation of the 40 years of organizing activities that Lyndon LaRouche and his international associates were involved in across five continents of the planet. Intentionally or not, I believe that removing that history gives the false impression that Mr. LaRouche was only concerned about matters in the U.S. This negates his passionate commitment to mankind as a whole.

“Second, the new PAC website also omits the record of the role of Mr. LaRouche and his international movement in the evolution of a new paradigm around the New Silk Road. Mr. LaRouche wrote numerous economic programs for Africa, Asia, Latin America, and Europe beginning in the 1970s, and he spent a good portion of his life working and campaigning in and for the development of these countries.

“Mrs. Boyd and her associates have every right to establish a political action committee to express the views of Mrs. Boyd; but I believe they do a grave disservice to the late Lyndon LaRouche by misrepresenting — by commission and omission — his views by associating his name with their endeavor. For all of these reasons, we have hired legal counsel to stop all use of Lyndon LaRouche’s name and likeness by the PAC and to preserve the integrity of his vast work.”

For further information: press@LaroucheOrganization.com or (551) 209-3978

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