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The Caracas Peace Conference was hastily called in order to prevent the outbreak of the threatened new wars arising from oligarchic property claims that had been swept aside by many governments that courageously reasserted their duty and legal power to protect their nation as a more urgent need than to protect property rights. Caracas had been chosen as the conference site, because the city had become the provisional home of the UN during the period of the world's disintegration. Caracas had remained functional while New York had become shut down by the crisis to the point that it had been no longer a living city in the normal sense.
While the economic chaos had dealt hard blows to Europe and the rest of the Western World, the Venezuelan economy had not been devastated because of its prudent isolation from the West and its alternate ties that linked it to Russia, China, and the Asian economic union. This prudence was largely due to the courage of its leadership that had been able to maneuver the nation outside of the speculative financial sphere and of the imperial terrorist sphere, into the sphere of the forged survivors club of nations that also included Malaysia, Korea, Japan, and India. Evidently, it had taken great courage for these governments to outlaw financial speculation at a time when it had become rampant in the world, which had created a highly visible strata of a few super rich amidst a sea of spreading poverty that the rich had imposed by dispossessing the poor of their already meager living.
Since the financial and economic crash was centered primarily on America and Europe, especially Britain, very little had collapsed in Venezuela in physical terms. There were shortages of some items, but no starvation ravaged the people. No form of anarchy caused murder in the streets for food and water.
The conference had actually been delayed several times until the USA had sufficiently cooled down and sanity slowed that rage that had become explosive. At first, when the crisis was at its worst, committees were formed in the communities and put to work. They weren't elected people, but volunteers who had survived the killing spree in the cities. The committees from all the cities banded together worked in continuous sessions to devise a plan to replace the country's defunct banking and credit system with something that would bring life back into the country and create an economy. The name of LaRouche suddenly became a household word in the most honorable manner. All the decades of abuse were suddenly forgotten. The committees worked together by phone. They became the institutions that together created a new government. Against the background of this slow return to sanity, as if it were with the stroke of a pen, a new law was created that officially relegated the once mighty US Dollar to the scrap heap. With that single act, the symbol of prosperity that had been considered once more solid than the Rock of Gibraltar became officially declared a worthless commodity, except perhaps for interior decorators and collectors of expired currencies. People realized that it might have been saved earlier, but since it wasn't, it had slipped beyond the point of no return, which ended the epoch of the dollar. The dollar simply wasn't important anymore. The survival op people and civilization became the important factor.
The dead dollar, which had in real terms died a long time before the catastrophe occurred, became replaced with an interim instrument that was simply called the GAFFI, General Arrangement For Food and Industry. The same stroke of the pen of law that had created the GAFFI had also wiped the slate clean for all international debtors who owed to US banks. Freed from the "king's ransom" that the debt service had become, both in spiraling interest and in capital repayment, the nations were able to live again. It was recognized that these debts had already been repaid in real terms many times over in the form of atrocious interest demands which were considered at last for what they really were, a form of legal theft. With the same stroke of the pen the entire theft industry was likewise shut down, most of which had crashed into bankruptcy anyway. Also, in response to America's great gesture of generosity in terms of its global debt forgiving, which restored in part America's long tarnished image as a compassionate nation, some of the former debtor countries were offering to share with the people of America a portion of their food that they could scarcely afford to give away. But they did so, nevertheless. Venezuela was one of these countries that came to America's rescue.
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