Welcome to LaRouche on the Record -- a series of excerpts of Lyndon LaRouche, in his own words, discussing the need for a New Bretton Woods. lpac.co/ontherecord

In this episode, LaRouche speaks at an event in Washington DC on April 7, 2005, during the presidency of George W. Bush. Although Bush failed to act for economic growth, the seeds of economic decline were planted decades before, with the August 1971 decision by President Nixon to abandon the old Bretton Woods system as a key inflection point. In this speech, LaRouche helps us understand the deliberate destruction of the physical economy, and the urgent need to install a new system.