Was Roger Babson Right?

Civilization itself is stricken with spiritual, moral and economic sickness UNTO ITS DEATH–THE END OF THIS WORLD!

Bible
prophecy shows WHAT soon shall occur–WHY the world is now sick on its
deathbed–WHY the RISING UNEMPLOYMENT, the SICK ECONOMY, the
immorality, crime, violence and world evils.

I have seen much of this in 90 years of event-packed experience.

In
November, 1919, I was a member of the Chicago Association of Commerce.
At a regular weekly membership luncheon, the noted Boston statistician
and economist, Roger Babson, was guest speaker. He astonished major
bank officials and industrial leaders saying that in one year we would
experience the most drastic depression our generation had known.
Economic executives ridiculed. We were then in an upward trend of
prosperity.

A year later Roger Babson again was our guest
speaker. He said, "The year has passed, and I am back and depression is
here with me." There was no ridicule or laughter, and Babson told us
why he knew, and why business and financial executives did not.

In
January, 1914, I was in the editorial department of a national
magazine–the nation's largest trade journal. I was assigned to cover
the story of the very beginning of the conveyer-belt assembly-line
mass-production system at the Ford Motor Company plant in Detroit. Ford
initiated this system of mass machine production. At that time only the
U.S. provided a mass market for such mass production.

Soon other
auto companies followed suit, and then virtually all American
production in other lines. This swelled profits enormously for capital
and management. But labor unionism immediately engaged in a crusade of
strikes to raise wages. Also labor leaders adopted the false philosophy
of "GET" instead of cooperation and sharing. Labor union wars ensued,
like the Herrin, Illinois, coal mine massacre, in which more than 20
were murdered and many injured. Labor turned to the attitude that the
employer was the enemy–slow down your work, give as little as you can
get away with, then fight with the weapon of the strike to increase
wages and lower hours of work.

Result? The quality of industrial production diminished.

Meanwhile
a burgeoning affluent middle class–also motivated by the way of
"get"–developed in the United States. Before World War II the United
States had mounted to a position of wealth and power such as no nation
ever possessed.

God had blessed us with the natural resources.
Selfishness and greed on the part of both management and labor
temporarily increased our prosperity. But those very evils are now
bringing this country DOWN!

As late as 1969, the American wage was three times that of England and four times that of Japan.

Meanwhile,
the Common Market (EEC) in Europe gave that continent a mass market for
mass machine production–AT LOW-COST LABOR. Even with machine
production, labor had to direct the machines and remained the largest
item of cost in production. Development of modern transportation gave
Japan a mass market–in fact, a world market. Now Europe and Japan
compete with mass production and LOW-cost labor against the U.S. with
its high-cost labor. Not only that, but both in Japan and West Germany,
labor is patriotic, regarding conscientious work as a duty to their
country. Result, Japan and West Germany export to the U.S.,
underselling U.S. competition with better quality merchandise.

In
1970 Prime Minister Sato of Japan told me he foresaw and feared a real
trade war with the U.S., and hoped it would not happen. It is HERE!
Japan has figuratively bombed and almost destroyed Detroit. I am
leaving Monday on a Far East trip, and expect to discuss this situation
with Prime Minister Nakasone in Tokyo. He just departed from talks with
President Reagan in Washington yesterday–apparently with no good
results for the U.S.

Again, was Roger Babson right?

What does your BIBLE say? What does GOD say?

Actually
applying to our nation, God says, Deuteronomy 28:1, "IF thou shalt
hearken diligently unto the voice of the Eternal thy God, to observe
and to do all his commandments … the Eternal thy God will set thee on
high ABOVE all nations of the earth." In Deuteronomy 4:40: "Thou shalt
keep therefore … his commandments … that it MAY GO WELL WITH THEE
…. "

In many scriptures God tells us he prospers those whose
ways please him. But our people as a nation have not obeyed God. The
whole world has been founded and built on the philosophies and ways of
life of Satan, not of God. This has been SATAN'S WORLD–not God's. But
the CHURCH OF GOD IS God's world in embryo–begotten but not yet born.
We are called–drafted–to be trained to be teachers and rulers in the
world to come.

When THIS WORK pleases him, he prospers it. He has been getting us back on the track. We have just closed a RECORD-BREAKING year.