Top Highlights

• Typically, by mid-1956, an increasing number of those who had purchased consumer “hard goods” on “low monthly payments plus concluding ‘balloon-note,’ ” owed substantially more unpaid balance on the loan than the cost of purchasing a more or less exactly equivalent item on the market for used goods.  This line of investigation led LaRouche to fores...
• He pointed out, that since 1955, output per hour had risen, but that the number of production-operative workers was declining, and that the number of administrative and sales jobs had increased; thus, as he put it, “It has cost more administrative and sales effort to account for, supervise, and distribute each man-hour of production output.”  The U...
• In fact, President Kennedy introduced a significantly different policy, a return toward Franklin Roosevelt’s thinking.  This change delayed the onset of the monetary crises, through aid of such programs as the application of the investment tax credit, and the launching of the space program.  These gave the economy a boost of productivity which brie...
• began with the British government’s autumn 1967 devaluation of the pound sterling, a collapse which spread, chain-reaction style, into the U.S. dollar crises and dollar devaluation of January-March 1968.
• The dollar-mark crisis of 1969-1971, generated the Chrysler-Penn Central crisis of 1970, and led into the forecast collapse of the Bretton Woods monetary agreements in August 1971.