We Commit To The Moon-Mars Mission - The True Spark for Changing the Culture - Page 13



Reform the World Financial System
Reform or eliminate the speculative and predatory aspects of the
international financial system, as a necessary step to ensure sovereign
nations can generate the long-term credit agreements needed to facilitate
this mission.
The new space and fusion technologies generated by
the Moon-Mars mission will create tremendous leaps
in productivity and economic wealth when applied
throughout the industrial economies of the leading
spacefaring nations, and proliferated to the developing
countries as high technology capital goods exports.
This means a new credit and monetary system needs
to be set up, which restricts or ends flows of capital into
speculation, looting, and the kinds of banking fraud
we’ve become so familiar with. The new system is designed to channel capital flows, instead, into new, hightechnology industry, new and more advanced economic
infrastructure, scientific institutions, and direct productive investment in other nations.
These goals had been Franklin Roosevelt’s goals for
the Bretton Woods credit and money system created at
the end of World War II. During the 30 years that Bretton Woods operated, average economic growth was 4%
per year in the industrial economies and 3% per year in
what were called the Third World countries—the highest sustained growth rates in history. When the Bretton
Woods system was torn down and replaced with the
current system of floating currency exchange rates and
unregulated financial speculation, economic growth and
wage levels plunged.
Therefore a “new Bretton Woods” is needed to ensure
the required investments can be made in the science
and technologies needed for lunar industrialization,
fusion power development, and Mars colonization—a
commitment to 50 years of rapid, real, and sustained
progress. Starting in the 1990s, the late economist Lyndon LaRouche (1922-2019) proposed four specific nations should take the lead in launching this new Bretton Woods system: the United States, China, India and
Russia (nations which are now also key leaders in space
technology).
First, these nations should initiate a new Bretton
Colonizing Space Will Change Our Culture
Woods conference to work out long-term agreements
for joint investments to develop the Moon-Mars mission
technologies, and to build new economic infrastructure
on Earth utilizing existing and future technologies.
They—including other nations that join in—will establish an international development bank or a series of international funds for such investments.
Additionally, each nation can issue new credit for the
space and fusion crash programs, and new infrastructure construction, through a national bank or national
credit institution of its own.
Next, nations will need to establish new relative values
between their currencies, and guarantee to keep these
new currency exchange rates stable (utilizing controls
against currency speculation). The U.S. dollar’s value, for
example, is too high because of constant speculative investments in dollar assets, holding back U.S. productive
investment and economic growth; a new Bretton Woods
agreement would end this.
Finally, a new Bretton Woods credit system requires
that nations use the Glass-Steagall Act principle—separating commercial lending banks from investment
banking and speculative “shadow banks” (only commercial banking is to be protected and deposits insured by
the taxpayer—no more bailing out losses from speculation). Thus, commercial banks will participate in the
mobilization of credit to companies producing for the
Moon-Mars mission and energy technology crash programs, and won’t divert federal credit into worthless
speculation.
With this new system, money and credit can serve its
proper function: to facilitate physical investments in the
future creation of higher levels of physical productivity of societies. As before with the Apollo program, LaRouche’s 50-year Moon-Mars program will generate far
more value than its costs.
13

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