One of the fastest growing global businesses in the world today is the
people business – providing skilled workers to growing economies. The
rapid growth on economies around the globe has put pressure on many
employers for skilled staff. Even countries such as India, which have
traditionally supplied skilled staff to overseas businesses (especially
the IT sector), are now facing skills shortages themselves. Mature
economies such as the European and Northern Asian economies have a
growing skills shortage as their population’s age, and younger people
move into non-traditional occupations.
Over recent years whenever there is a financial crisis within the US
economy has been for the Federal Reserve to inject more money into the
banking system. Japan has also followed this policy to inflate its
economy to stimulate domestic growth, but as it has a large current
account surplus, has not been dependent on the inflow of overseas
capital – rather has been a exporter of capital. The increase in the
supply of dollars has flooded the world with liquidity, providing the
capital to nations that were once America’s enemies to enable them to
expand their economies to where they now threaten and compete with our
very economic survival.
Meanwhile the world is experiencing one of the greatest shifts in
economic power in history. The global economic dominance that the
Anglo-Saxon nations have maintained for the last 200 years is rapidly
disappearing. America’s wealth continues to decline as the US dollar
falls against the Euro, and as investors withdraw their capital before
loosing all value on their investments. As the US dollar becomes no
longer accepted as an international reserve currency, America is being
replaced from being the dominant global economic power with the Euro
Zone nations. The Euro will be become the only international accepted
reserve currency, allowing the Euro Zone to become the dominant global
economic power.
Over recent years Central Banks in some countries (especially the USA
and Japan) have inflated their money supply to provide domestic stimulus
to their economies. This “created” money has flowed out from the
Anglo-Saxon countries and Japan, providing the emerging economies
(especially in Asia) with the capital to finance their rapid economic
growth. Those Anglo-Saxon nations which have been operating with large
current account deficits have benefited from their trading partners
willingness to continual lending to finance their consuming habits and
lifestyle. Now the USA is faced with the dilemma of being unable to
attract the capital to finance its deficits and to maintain its current
level of domestic growth, as well as to service its enormous debt. It is
now resulting in the collapse of its currency.
The Anglo-Saxon nations have traditionally plundered the world’s
resources to maintain their extravagant standard of living. Now the
emerging economies are aggressively competing for these same resources.
Not only is this include exploiting the planet’s natural resources, but
also competing for some of the most talented people residing in the
Anglo-Saxon nations. Those emerging economies with the new purchasing
power now want to have the same quality of life that the Anglo-Saxon
people have enjoyed. However, the planet does not have the natural
resources or the advanced technology for the rest of the world to
maintain the same extravagant lifestyle as Americans, British,
Canadians, Australians and New Zealanders. There is growing competition
for natural resources as well as the skills to develop their economies
and lifestyle of the west.
Especially since WW2, some of the best brains and talent have been
recruited to work in the USA which has had the money to attract the
skills to help maintain the standard of living Americans now have. As
the dollar declines, America will no longer be able to compete for this
talent. The top skilled people will be recruited by those nations that
can offer the best price. Global capital is now fleeing to Europe as a
safe haven - this inflow of capital will stimulate economic growth in
Europe, and the demand for skilled labour. The EU is becoming the
economic powerhouse of the world,
It is only a matter of time before the US dollar totally collapses. Each
day is slides further and further down against the Euro. Soon it will be
totally worthless. The collapse of the dollar will be followed by the
collapse of the US economy and nation-wide poverty. Their populations
will become destitute. There will be wide-spread economic hardship and
starvation. The collapse ofthe USdollar will bring about economic
turmoil and political instability around the world. It will bring about
widespread hatred of the Anglo-Saxon nations, which will be blamed for
the troubles of the world.
People will become desperate to do anything to obtain money to live.
They will accept extremely low wages if just to have sufficient money to
survive. The USA will be come a fourth-world country – its people
desperate. Its skilled workers and resources will be defenseless and
ripe for plundering. Former international trading partners will set up
factories in the USA using cheap labour – those working in those
factories will be employed as slave labour. What we are about to see
unfold over the coming months is increased competition for the world’s
resources. This is just not just for oil and food – it will also be for
the talent and skills necessary to maintain a modern industrial society.
It will allow international capitalism to exploited human capital to
maintain the factories and demands for keeping an advanced society.
There will be a growing demand for skilled labour resources from North
America by the European and Asian economies to meet their skills needs
as their population ages. Human capital from the Anglo-Saxon nations
will be plundered at will – their new taskmasters will not be generous
with respecting employment laws as exist in our countries today. In
Europe German has had a history in WW1 & WW2 of using slave labour on a
large scale. This was also practiced by the Japanese. There is no reason
why the same policies will not be adopted in the future.
The export and recruitment of people is now a major international
industry. Nations such as the Philippines earn more from the
repartitions of income from overseas workers is their single largest
export industry. Yet these nations do not have the same level of skilled
workforce that resides in the Anglo-Saxon nations.
The reverse movement of talent and skills from North America to Europe
will see some of the greatest migrations to take place in recent
history. This migration will take place because a desperate people will
be willing to accept anything just to survive. They will be willing to
give up their freedom to provide the skills and technology to support
the EU and Asian economies to survive. Therewill be no respect for
individual rights and freedoms as we have today – amongst many of these
nations there is no love for the Anglo-Saxons, and their individual
rights. The new taskmaster will not have any conscience of exploiting
human capital.
The coming slavery and captivity of the Anglo-Saxon people is a direct
consequence of rejecting the Law of God, as God warned has warned
through His word (Lev 23, Deut.28).
Bruce Porteous
bruceport@xtra. co.nz
3 November, 2007.
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