Dr. Dennis Cuddy -- Looming Economic Disaster

LOOMING ECONOMIC DISASTER

By Dennis L. Cuddy, Ph.D.
May 30, 2011
NewsWithViews.com

It’s a fundamental principal of economics that if one person knows far more than another about a job and will work for much less, that first person will be awarded the job. Currently, relatively few American high school students are taking such subjects as both physics and calculus. However, according to Bob Compton (producer of the DVD “2 Million Minutes”), there are in China and India about 50 million high school students who are taking four years of each of the following: biology, chemistry and physics, with the senior year integrating all three subjects. Moreover, they take four years each of algebra, geometry, trigonometry and calculus, with the subjects integrated every year!

Other nations are serious about education and we are not. At least one high school in China with 10,000 students begins at 6 A.M. with calisthenics, and students don’t leave until 10 P.M. This is while American youth seem more interested in playing video games.

What is actually happening is a global transformation to a techno-feudal Socialist future, depicted by this photo taken recently in China showing a modern skyscraper occupied by a technical or business elite while two women cut the building’s grass with scissors. On the one hand, a Chinese company, BYD, after making cars only five years beat Detroit with the first mass-produced electric car and at only about half the cost. While at the same time another Chinese factory making baby clothes for an American company maximizes productivity by incentivizing workers to remain at their work stations even when they need to go to the restroom (there were no restrooms on site and the place reeked of urine).

Just as American companies have specialized divisions within them, in China entire towns have specialized. Shengzhou produces half the world’s neckties, and Putian is the largest shoe manufacturer in the world. One Chinese city, Shenzhen has 100,000 factories producing a majority of the world’s laptops, cell phones, jeans, etc. The U.S., however, is losing control over its industries. Amoco’s profits go to England, Purina’s and Gerber’s profits go to Switzerland, and TransAmerica’s profits go to The Netherlands. Sound-recording industries here are 97% foreign-owned, metal or mining 65%, motion-picture and video industries 64%, book publishers 63%, plastic products 51%, etc.

Why is all this being allowed to happen? First of all, Americans are woefully ignorant when it comes to economics, and I have covered this in an article on the Internet titled “Suckernomics.” Secondly, in an era of globalization, it is almost impossible for Americans to compete with the wages paid forced or child labor in countries like China, India, Myanmar, Brazil, Bangladesh and the Philippines. According to a recent CNN report, “The United States has lost a staggering 32% of its manufacturing jobs since the year 2000…. Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975.”

There has been a plan for some decades to link regional economic arrangements (e.g., the EU, NAFTA, ASEAN) into a world government. As Zbigniew Brzezinski (an advisor to President Obama) revealed at the first State of the World Forum in 1995: “We cannot leap into world government through one quick step…. The precondition for eventual and genuine globalization is progressive regionalization because by that we move toward larger, more stable, more cooperative units.” Brzezinski was first director of the Trilateral Commission, founded by David Rockefeller who wrote in his Memoirs (2002): “Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ conspiring with others around the world to build a more integrated global political and economic structure – one world, if you will. If that’s the charge, I stand guilty, and I am proud of it.”

In case you think this “One World” concept is only held by a few elites, reflect upon the fact that on June 25, 2001 the U.S. Conference of Mayors endorsed the Earth Charter, which has a goal to “promote the equitable distribution of wealth within nations and among nations,” a clearly Socialist concept.

Only ten years ago, the U.S. economy was three times the size of China’s, but in April 2011 the International Monetary Fund (IMF) forecasted that by 2016 the Chinese economy will surpass that of the U.S. in real terms. Also, by the end of March 2011 China’s foreign exchange reserves reached over $3 trillion, but in April 2011 Xia Bin, a member of the monetary policy committee of China’s central bank, said they should reduce that by 2/3rds to only $1 trillion. This will have a negative impact upon the value of the dollar, which in April fell to its lowest point since 2008. The U.S. dollar is being devalued as a step on the way to a global currency. On the cover of the January 9, 1988 edition of The Economist, you can see a picture of this currency, called “the Phoenix,” planned for 2018 A.D. More recently, Robert Fisk wrote “The demise of the dollar” (The Independent, October 6, 2009), in which he referred to “secret meetings [that] have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme [to have a basket of currencies for oil], which will mean that oil will no longer be priced in dollars…. Chinese financial sources believe President Barack Obama is too busy fixing the U.S. economy to concentrate on the extraordinary implications of the transition from the dollar in nine year’s time. The current deadline for the currency transition is 2018.”

Similarly, the next year on September 1, 2010, Dr. Alessandro Sassoli was interviewed by Coin Update regarding his idea beginning in 1996 for a new global currency, a project of the United Future World Currency (UFWC) organization. And in this interview, he stated: “The world is evolving very fast. Maybe in just eight years time, it might be possible to introduce a new super-national currency like the UFWC by 2018.

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Thus, the timetable for a world currency by 2018 announced by The Economist in 1988 is still proceeding on schedule. And as occultist Alice Bailey in 1933 said, according to “The Plan,” the outer structure of the World Federation of Nations will be “taking rapid shape by 2025.” This will result ultimately in a synthesis of Western Capitalism and Eastern Communism into a World Socialist Government.

Dennis Laurence Cuddy, historian and political analyst, received a Ph.D. from the University of North Carolina at Chapel Hill (major in American History, minor in political science). Dr. Cuddy has taught at the university level, has been a political and economic risk analyst for an international consulting firm, and has been a Senior Associate with the U.S. Department of Education.

Cuddy has also testified before members of Congress on behalf of the U.S. Department of Justice. Dr. Cuddy has authored or edited twenty books and booklets, and has written hundreds of articles appearing in newspapers around the nation, including The Washington Post, Los Angeles Times and USA Today. He has been a guest on numerous radio talk shows in various parts of the country, such as ABC Radio in New York City, and he has also been a guest on the national television programs USA Today and CBS's Nightwatch.