At the time it was nearly twice what other manufacturers were paying. That bold initiative started a series of events which we must understand before we can comprehend how the Bilderberg is working to reverse it in America and put it to work overseas.
Ford's initiative placed auto workers at the top of the American wage scale and set a moving standard that workers in all industries envied and pursued. At the same time, he reduced the workday to eight hours in order to run his plants as three-shift operations. Suddenly, Americans had disposable income and the time to enjoy it. The masses could afford his cars. Those cars required roads. Those roads carried us to the suburbs where every man willing to work could purchase a home and raise a family. The American dream was born.
To protect themselves from the periodic layoffs that became necessary to retool the plants for the next model year, auto workers organized and the United Auto Workers Union became the most powerful of America's labor unions. It succeeded in protecting workers and exacting steadily rising wages and benefits which other industries emulated. The wage level spiraled upward for many years with auto workers leading the way. Wages climbed, sales climbed, standards of living climbed, corporate profits climbed, and America prospered. Corporations came to understand what Henry Ford always knew: "You have to pay your workers enough to be able to afford your product."
When General Motors overtook Ford as the nation's largest employer, a saying developed that held true for many years: "As goes General Motors, so goes the nation."
Enter Bilderberg Globalization. General Motors came under attack by competition from overseas and the shortsighted greed of American consumers. We bought foreign cars. They were cheaper and were manufactured to much higher quality standards. There is no point in discussing what might have been if consumers had remained loyal to American car companies, but we all know what did occur.
When the first German and Japanese cars were gaining market share in America, there were plenty of people who correctly predicted what the consequences might be for all American workers. Many refused to buy the imports. They were willing to pay more money for lower quality American cars because they believed that "As goes General Motors, so goes America." When an individual decided to buy a foreign car, he was able to save money and get a better car. Though accused of being unpatriotic by many, he allowed his short-term greed to overwhelm his long-term common sense. He figured it would be okay as long as not too many people did it. Well, too many people did it.
Faced with rapidly falling market share, American companies had to react in order to survive. They had to reduce prices and increase quality. This proved impossible in America as powerful labor unions resisted companies' efforts to change the way Americans worked. The companies closed American plants and moved manufacturing operations overseas. They abandoned the principles of Henry Ford that had worked so well for so long. They set out to cut costs and increase productivity by any means possible. They destroyed a customer's ability to purchase their product each time they moved a job overseas. They figured it would be okay as long as not too many companies did it. Well, too many companies did it.
The corporate mindset changed. Corporations completely abandoned the idea that they had to pay the workers enough to afford their product. The notion that workers are also consumers was forgotten, yet Americans continued to pursue the dream. Surprising all but the Bilderberg strategists, overall consumption did not decline. The single-wage-earner household disappeared and was replaced by the two-wage-earner household.
Though we continue to lose manufacturing jobs overseas, the Bilderberg has directed its recent efforts from the export of American manufacturing jobs to the export of American white-collar jobs. Last weeks article (Bilderberg Globalization Agenda: The Next Phase) details how that is being accomplished. As a financial analyst arguing against corporate downsizing at BP, I brought up the wisdom of Henry Ford and predicted that the overall economy would be destroyed if American business continued firing its workers. I was told we'd be okay as long as not too many companies did it. Well, too many companies are doing it.
When consumer spending did not decline as a result of the corporate downsizings of the 90s as I had predicted it would, I set out to determine how that was possible. What I learned was shocking to me personally but not to Bilderberg strategists. There was a Procter and Gamble plant that closed in Florida. Many millions of dollars were paid out in separation packages and 401(k) funds. Someone tracked what the separated workers did with the money. Most spent it. Though jobless, they bought new cars, boats, and vacations. For most, the separation package was the biggest amount of money they'd ever controlled. Conditioned to consume, they spent the money. Only 20% even opened a rollover IRA and even less actually funded one. My mistake was in assuming people would act rationally. It had never even occurred to me that they would consume their separation packages.
What I'm going to tell you next may be impossible to believe to all but the Bilderberg strategists. Corporations can and will continue to move manufacturing jobs overseas, they can and will continue to downsize their white-collar workforces, and they have now begun the process of moving white-collar technical and office jobs to Asia. Given those facts, unemployment in America will never improve. There will be fewer jobs every day from now until the end of the United States of America.
Last week I predicted that many of today's children will never have a job in their entire lifetimes. This summer's job season is the worst on record and lends some support to that prediction. Jobs that used to be solely the domain of college and even high-school students are now being filled by adults who would not have considered them in years past. Workers who once commanded high salaries and respect in corporate America are filling jobs in their local WalMart stores and forcing college students to retain their jobs at McDonald's. Children hoping for their first summer job are out of luck.
You've noticed the stock market rising of late and have no doubt heard the term "jobless recovery." How can the economy recover without generating jobs? Just as pursuit of the American dream forced single-wage-earner families to become dual-wage-earner families after high paying manufacturing jobs were lost, America's obsession with consumption is forcing us into strategies unthinkable to our parents and grandparents. We are actually supplementing falling incomes by consuming the equity in our homes. Lower interest rates and rising home prices are allowing us to refinance our homes, cash out our equity, and continue our consumption. When we max out our credit cards and get tired of paying the high interest rates banks demand on plastic, it occurs to us that we might borrow against the equity in our homes. In this way we eliminate our credit card debt and reduce our monthly payments. This makes sense to a growing number of American families. We discipline ourselves to cut back on spending for a few weeks then start charging again. As long as long-term interest rates remain low and housing prices continue to increase, this trend can continue. What will be the inevitable result of such a trend?
Corporations are prospering because costs are decreasing and the consumer is spending. Credit card companies are prospering because we can't postpone consumption. Banks are prospering from continuous refinancing. The "great sucking sound" we hear today is not jobs moving to Mexico but the accumulated wealth of American families being sucked into Bilderberg coffers. American families are falling further and further behind, putting themselves exactly where the Bilderberg wants them. Without understanding how it is happening, they are selling themselves into slavery. They will be firmly enslaved when the next Bilderberg directive forces them to leave America.
Henry Ford and America loses. The Bilderberg and Globalization wins. |
