FED'S NEW HUMAN CAPITAL
By Jon Christian Ryter
May 16, 2007
Unfortunately for working class America, the problem of declining productivity and tax generation is not due entirely to the abortionist's scalpel. It's also due to the greed of transnational industrialists, bankers, and merchant princes who realized in the 1970s and 80s that the factories in the industrialized nations were churning out goods at 63% of capacity because the affluent nations had devolved into a replacement market. In America, everyone already had everything—or they can't afford anything. They buy to replace existing products when they wear out, become obsolete, or because they wanted more than one—like TVs, stereos, CDs, DvD players or cars. Look in your driveway. How many cars are there? When I look in my driveway, there are five cars. We have three TVs, two portable DvD players, three computers, two VCRs, two cell phones and an assortment of nondescript gadgets that everyone else has two or three of. Out in the garage are two or three more TVs. Also stacked there waiting for the trashman are several obsolete electronic gadgets, assorted pieces of furniture and boxes filled with replaced household items that should have been thrown out long ago. We're replacement people in a replacement society. That's the problem. We are being replaced.
In the emerging nations of the world there are a half trillion units of human capital who've never owned an iPod—or even a wrist watch. Most of them have never owned a TV set since their homes don't have electricity. Which means they likely have never owned an electric dishwasher or washing machine or dryer—or, for that matter, an electric lamp or a ceiling fan. They are true human capital—the ideal consumer. They have nothing and need everything. All they lack are jobs.
Providing jobs for mankind
NAFTA, the most crooked shell game ever concocted by the world's elite, was specifically designed to provide the human capital of the third world with jobs. Our jobs. The chattel of the third world has become the most valuable asset in the 21st century. They have nothing and need everything.
We, on the other hand—the most affluent nation on Earth—have everything and need nothing. If you headed the largest mercantile company in the world, to which consumer would you target your marketing? Affluent America or China, Mexico, Indonesia or the other densely populated third world nations? With the largest job transfer in the history of mankind taking place, the impoverished of the third world will shortly be able to buy all of the modern day conveniences that we take for granted. In the meantime, NAFTA was designed as a swinging door that would allow America's wealthiest companies—built with the sweat equity of the American worker—to export not only jobs but entire factories to the third world and China. And, as the swinging door swung back, NAFTA guaranteed that the American branded products made with cheap third world labor could come back into the country without any tariffs. And, of course, they returned as recognizable American brands which, if you weren't checking the small print on the box or package, you'd think were still being made here in the good ol' US-of-A.
The biggest tragedy of all is that the American consumer has been buying these products since 1994. They are products created somewhere else—with their jobs. Why do they buy them? Because, several consumers have told me, they're cheaper. And, because many of these American consumers have been "downsized" they argue in defense of what they know is wrong, they can't afford to buy American. Which, of course, only sped up the exodus of more jobs. When American products sit on store shelves, or worse—aren't stocked by American retailers—we are simply speeding up the demise of this nation by financially hamstringing what small and medium manufacturers are left.
This, however, created a brand new problem in the United States. We can't afford to lose any more jobs—or taxpayers.
The push to find taxpayers
When the debate about Social Security framed the mid-term election rhetoric in 2002, the Bush Administration insisted that the Social Security Trust Fund was bankrupt, and that the concept of Social Security had to be modernized with individual savings accounts that would prevent liberal tax-and-spend legislators from stealing the money as they did the Social Security Trust Fund from 1964 to 1994 when the Republican Revolution forced Bill Clinton to keep his campaign promise and end welfare dependency. The liberals, who clearly understanding that any money problem is solved by reaching deeper into the pockets of the tax payers and taking more of what little they have left, denied there were any problems that couldn't be solved with another new tax, or manipulating the benefits.
What President George W. Bush failed to tell the American people was that even by fixing the problem that would otherwise bankrupt the Social Security Trust Fund by 2050, Social Security needed a major Band-Aid to keep it from going bankrupt in 2012. The Band-Aid? Taxpayers. Millions of immediate, adult, income-earning taxpayers.
Since we have shipped between 15 and 20 million jobs out of the United States since 1995, where are these new jobs coming from? And, since we erased potentially 67 million job holders from existence over the last 33 years, we don't have 15 million replacement workers sitting idly around our neighborhood 7-Elevens drinking gourmet coffee and carrying placards asking for work. Oops—wait a minute. Yes, we do. They're called illegal aliens. Right now they are working the underground economy. Because they are here illegally and don't want to be deported, they work for cash—and, of course, they work for less than union scale. We aren't talking about Mickey-D wages picking oranges, harvesting broccoli or working in lawn maintenance.
What the Fed bankers, the US Treasury and Bush—with the willing complicity of 535 members of Congress (less a handful or so of Congressmen and Senators who would prefer to get reelected)—are planning to do is offer 15+ million illegal aliens—who are currently working in this country under-the-table without paying taxes—amnesty in order to get them on the tax rosters. That, of course, means those brand new "guest workers," like the rest of us, will qualify for Social Security benefits. (Remember all of the emails you received over the last couple of months about your Congressmen planning to give illegals Social Security benefits? Just like you, to receive benefits, they have to pay into the system.)
The Domino Affect
When the elites of Europe: Cecil Rhodes, Arnold Toynbee, Alfred Lord Milner, Reginald Baliol Brett, Lord Albert Grey and others that ultimately included Winston Churchill and Woodrow Wilson formed a utopian new world order called The Society, they devised what they believed would be a world government led by England and the United States. The economic and political system they tried to implement failed from 1920 to 1946. Success was finally realized when the transnationalists created the World Bank and the International Monetary Fund at Bretton Woods, and used them as the financial muscle of the world's central banks to leverage the economically-poor nations into submission.
The role of money in the global economy cannot be understated. It is the glucose of industry. Slow money and you slow the economy. Stop the flow of money, and the economy stops. The world bankers behind world government have learned they can manipulate national economies at will, and they don't hesitate to use money to bring inflexible governments to their knees—or to infuse bad economies with life. The biggest problem with a fiat money system (paper currency) is that bankers and the governments they support face the temptation of creating too much money. That is precisely what the global bankers have been doing to massage the economies of the industrialized nations of the world since transnationalists have achieved the final phases of globalization. Money conceals the hairline fractures in the world economy caused by the drain of millions of jobs and thousands of factories from the industrialized world to the human capital-rich emerging nations and creates the illusion, based on spending, that we have a healthy economy. We don't. Our economy is teetering on the brink of the abyss.
The job growth the United States is experiencing can best be described as mirror-image symmetry. The illusion of prosperity exists but the tax revenue that is generated by real job growth is missing. What that means is that the Bush effort to create new jobs is working fine in generating discretionary income but the fruits of that labor is not reaching the US Treasury. We know that because money—the lubricant that greases the engines of the economy—is being spent. But the tax revenue—the heavy crude that keeps the wheels of government turning—is missing. When the economy is genuinely moving forward, there is a fiscal symmetry between the dollars that feed the economy and those that pay the debts of society. Income is earned, tax revenue is created. The debts incurred by the people's representatives in the Congress are paid by the tax receipts generated by those real jobs.
It's not happening because roughly 20% of the US economy has gone underground. (And, that represents more than just illegal aliens working under-the-table. It represents a splinter segment of the American work force that fuels the underground economy in America and pay no taxes.) Unfortunately for the American people 34 years of legalized abortion and 13 years of transferring jobs to the third world have bankrupted the United States government—and its privately-owned central bank.
As the jobs-drain compounded by 34 years of abortion-on-demand depletes even more tax-producing jobs, the transnationalists who were adamant that people were the root cause of global warming were slow to realize the fallacy of their argument have now managed to connect the dots—or at least, some of them. They were wrong. And because they were, America no longer has enough workers to keep its central bank solvent. The scary part of this scenario is that when the privately-owned Federal Reserve System collapses, all of the interlocked central banks of the world will topple as well. Have you ever read Revelation 18? You should. It describes what happens when all of the central banks of the world collapse. Which could happen very soon if Bush does not solve the human capital dilemma in the United States. For part 3 click below.
© 2007 Jon C. Ryter - All Rights
[Read "Whatever Happened to America?"]
Jon Christian Ryter is the pseudonym of a former newspaper reporter with the Parkersburg, WV Sentinel. He authored a syndicated newspaper column, Answers From The Bible, from the mid-1970s until 1985. Answers From The Bible was read weekly in many suburban markets in the United States.
Today, Jon is an advertising executive with the Washington Times. His website, www.jonchristianryter.com has helped him establish a network of mid-to senior-level Washington insiders who now provide him with a steady stream of material for use both in his books and in the investigative reports that are found on his website.