JUNE 25, 2003 WED
Updated 5:11am CST
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Downsizing: Corporate Corruption or Globalist Enslavement?

Rick Lacey June 25 2003

Many readers who possess all the intelligence and experience needed to see conspiracy still tend to miss it when the hidden agendas are achieved through the actions of corporate America. Let me volunteer my perspective as a former corporate financial analyst and insider to point out one such conspiracy.

In the early 1990s, I became aware that corporate America planned to fire millions of loyal, hard-working employees. You've witnessed the subsequent downsizings and probably attributed them to the greed of individual corporations or their executives. If you haven't been a victim of corporate downsizing you certainly know a victim. Sadly, it wasn't done merely to bring more money to the corporate bottom line, though that would have been sufficient reason for most high-ranking corporate executives to destroy the lives of million of families. Something far more sinister was at work. Downsizing was just the means to accomplish a much larger and still widely unrecognized goal.

The 401(k) plans of a great many workers were growing rapidly in value. If that trend were allowed to continue, millions of workers would have been able to retire early and live off of those assets. The money powers could not allow that to happen. They could not afford to lose their slaves. Somehow they had to destroy those retirement assets. The answer was as simple as it was evil. They would fire the older white males who had the largest balances in their 401(k)s. But how could they get away with arbitrarily firing workers without starting a nationwide backlash against their own corporations?

They pulled out the useful tool of political correctness. The media had already invested years conditioning us to believe in the idea of diversity. The corporate big shots merely borrowed the media's politically correct practice of diversity and took it to the next level. "Yes," they admitted, "we're going to fire highly paid managers for no reason, but we're going to end up with a 'diverse' work force." In other words, they were going to fire white males. Who cares about white males? Only the minorities have any protections in our society. Who was going to rise up to protect white males? No one would and no one did and millions of them were out the door.

Next came the second phase of the plan. They had to keep these men from finding comparable employment. That proved easy enough. Since all of the largest corporations were in collusion, none would hire these men. Most spent years searching for the job and pay they felt they deserved before finally settling for much lower paying jobs. During those years they maintained the lifestyle to which their families had become accustomed by spending their separation money and then spending their 401(k) money. Tapping the 401(k) plans before they reached the magic age of 59 1/2 caused them to lose over 40% of the money to the IRS in taxes and penalties. Long before their wives could cut back on their addiction to the malls, the money the IRS let them keep was mostly depleted. Instead of being highly paid executives with secure retirement plans, they now find themselves working harder in menial jobs for less money with no retirement assets. They'll be forced to work until at least age 67 and hope social security will be there to feed them in their old age.

Guess what, minority groups? You may have smiled to yourselves when you watched your white male supervisors lose their jobs, but now corporate downsizing is in the culture. The precedent has been set. When the next round of downsizings occur, it'll be the "diverse" workforce that gets the axe. No one stood up to corporate America and now corporate downsizing is an accepted business practice. You were once valued for your "diversity" but now you are merely "costs" to be cut whenever possible.

It's important that we all understand the fraud that has been committed. Only then can we hope for a national dialogue on the subject of corporate downsizing. Perhaps once the truth is widely known we can unite to hold our corporations to account or at least act to stop the next phase of the global agenda from being carried out by our corporations.
Rick Lacey has an MBA from Cleveland State University and is the author of four books. As a Senior Financial Analyst at BP Oil he refused credit to Enron and was subsequently separated from the company. His book, Involuntary Separation, Corporate Downsizing Gone Fatally Wrong is based on his experiences at BP. Rick can be contacted at rplacey@hotmail.com.
Disclaimer: This column appears as would a syndicatecd column in a newspaper. It does not necessarily reflect the views of Alex Jones.
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