A Revitalization Before Tomorrow Morning
Henry Ford said: “It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
Well, maybe and maybe not, but since Ellen Brown blew the whistle on in the banking system, Americans are beginning to understand that the lion’s share of our money is created not by the government, but by banks. We need to end the privatization of the national currency. By owning their own banks, she said, our federal and state governments could fund all sorts of projects, and she called for an Economic Bill of Rights guaranteeing employment to anyone willing and able to work.
“Only when the privilege of creating the national money supply is returned to the people,” she said, “can we have a government that is truly ‘of the people, by the people and for the people.'”
Utopia. That’s what we’d have. Utopia. An “Economic Bill of Rights … guaranteeing employment to anyone willing and able to work”? A great scenario, but where would they find work? How and where would we create the job opportunities? Even if this new Economic Bill of Rights spurred a sudden “demand” for goods, who and what would be the source of “supply”?
We’ve tried almost everything, but cheap overseas labor rates have always put U.S. manufacturers out of business. Giant foreign-built and foreign-owned container ships continue to deliver low-cost goods into our few (but over-sized) container ports … and cost-conscious shoppers continue to bypass our home grown goods and keep us right where we are right now.
But let’s take those giant foreign-built and foreign-owned container ships out of the equation and see what would result. Coincidentally, our patented container ship design is the one item that American workers could produce without a challenge from overseas manufacturers.
Publicly-owned banks would direct money to locally-owned shipbuilders, rather than to the elite 1%, and instead of trying to match those overseas wage scales, unchallenged U.S. shipbuilders would comfortably pay decent living wages to American workers.
Revitalized shipyards would provide employment for millions of Americans. We’d be building smaller, highly efficient container ships that would be utilized to transport those low-cost foreign-made goods to hundreds of newer and smaller U.S. ports – right to a user’s back door.
And yes, those foreign-made low-cost products would still be delivered to our newer and smaller terminals, and at a much faster rate. It would be a win-win situation. Our erstwhile overseas competitors would be producing goods the newly-employed U.S. shoppers would be demanding – so they’d be better off. Our demanding shoppers would be doing them a big favor by creating and sustaining new employment opportunities within those overseas manufacturing facilities.
And we’d be better off. There would be no need for a “revolution before tomorrow morning.”