This '50 year Anniversary Video' (going back to 15 Aug 1971) of HOW this took place, and the SOLUTION for Today's economic disaster, worldwide is worthy of our time to view with this latest update by the LaRouche Movement, titled: "LaRouche: Forecasting the Present 50 Years Ago, and 50 Years from Now".

Today, 50 years on from 15 Aug 1971, is the Anniversary of Richard Nixon severing the "Bretton Woods" system with a series of economic measures undertaken by United States, in response to increasing inflation, the most significant of which were wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States --> dollar to gold.

While Nixon's actions did not formally abolish the existing Bretton Woods system of international financial exchange, -> the suspension of one of its key components <- effectively rendered the 'Bretton Woods' system 'inoperative'.

While Nixon publicly stated his intention -- to resume direct convertibility of the dollar after reforms to the 'Bretton Woods' system had been implemented -- all attempts at 'reform proved unsuccessful'.

By 1973, the Bretton Woods system was replaced, de facto, by the current regime based on Freely Floating Fiat currencies.

Here is that timely Link titled: "LaRouche: Forecasting the Present 50 Years Ago, and 50 Years from Now"

https://www.youtube.com/watch?time_continue=296&v=AR9okWnXFNM&feature=emb_logo

Bob
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