February 19, 1995. ICLC Schiller Institute conference. The conference's second day began with a panel on economics and economic method, concentrating on Mr.
LaRouche's Ninth Forecast of the inevitable disintegration of the world economy. Led by Dennis Small, EIR's IberoAmerican editor and a former political prisoner, the panel
presented a tightly and irrefutably documented case on how the "experts" had been wrong on the economy, especially the Mexico crisis, and Mr. LaRouche and EIR had been right. Mr. Small was joined by EIR's John Hoefle, who showed how financial speculation in areas like derivatives has grown up on the ruins of the physical economy.
This panel succeeded in making the case that the financial explosion in Mexico was only the first in a series of coming detonations, through a speech on "The Coming End of the so called Reform Policies in Europe's East," by EIR' s executive director in Europe, Michael Liebig, which was read by Uwe Friesecke, and a further presentation by Carlos Gonzalez on "Argentina's Battle for National Development". The overall effect was a compelling picture of the accuracy of the LaRouche-EIR record, as compared to Forbes magazine, Nobel Prize winners, and other so-called economic experts. The impending physical economic collapse, should Mr. LaRouche not be heeded, was also starkly clear.