The Future Awaits

Menzie Chinn shows Us the real probabilities of actually balancing the Budget. There is a sincere dishonesty expressed by all currently in Government Service, as they base their projections on current law, while working continuously to ensure that the specific laws do not apply. It is the old Case of keeping Two sets of Books, only the Most Favorable released to the Public. One might ask what is the rationale behind the charade, remembering that the current Administration is the First of truly Corporate Management.

It has long been a goal of the Corporate structure to realign the Currencies of the World, to simplify Payments of all types, but especially to curtail the Expenses of Wages and Benefits to Labor. Their primary Dream is to pay Third World Wages to All, while drawing First World Profits from all Sales throughout the World. Such Dreamers estimate they can obtain First World Prices for their Product due to overpopulation, and need only accommodate themselves to a World of accelerating Poverty for the majority of humanity. Does the Reader imagine I vilify the Corporate Mentality? I suggest most Readers do not understand the Clique mentality of the Corporate Boardroom.

Will the Corporate structure achieve their Goal of restructuring World Currencies to facilitate their Sales patterns? The Answer is a probable Yes. Will it do great damage to the Labor Benefits attained by the advanced industrial nations, again a probable Yes. Will it produce Windfall gains to their Profits structure, here We have a probable No. Where is the hitch in the Plans?

It goes back to the basic equation behind the practical function of Corporations. The Later succeed over the common Business structure because of their ability to aggregate Resources, so that Production can be achieved at lower Cost, generating higher Profits. The real shrivel element here consists of a necessary transference of some of the Savings to a reduced Price of the Product, so as to gain the financial support of the Consumer. Reduction of the viability of the Consumer and his Income will equalize the Costs of Production betwixt Corporation and Cottage industry. The major applicable equation here is the reduced level of Currency exchange between local economies, when there are adverse Costs to that Exchange (poor Exchange rates, high Exchange charges, exterior Transportation Costs, need for balancing Credits, etc.). I perceive a coming decentralization of Managerial organization. lgl