Economic Serfdom | Ft. Hard Knox

"The American economy is a pyramid. The base of the pyramid is industrial workers. We no longer have that base. America imports its products now instead of making them. So, instead of investing in ourselves and our neighbors, we are supporting the base of other nation’s economies. Until American capital learns that the guy at the bottom of the pyramid is also the foundation of it, we are going to continue to enrich other nations while squandering decades of accumulated national wealth abroad.

The current American economic system is recipe for tyranny. As American jobs continue to be shipped abroad, chasing the lowest wages, the entire market for American and everyone else’s goods shrinks in America. We have been able to finance this imbalance until recently by spending the accumulated wealth of generations. But, that source of funds is now dry and the American lifestyle within one generation will look a lot like that of the nations we have shipped our jobs to. A few people will have become fabulously wealthy and the rest of the population will have become economic serfs."