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cune,
Marc h 21, 1983). What's
happening is that the Federal
Reserve, no doubt under pressure
to st imulate an artificial recovery
before the November 1984 elec–
tion, has expanded the money
supply somewhat faster than most
people realize.
Car n eg ie-Mellon Unive rsity
monetarists predict that the rise in
the money supply might temporar i–
ly sustain the recovery but at the
expense of controlled higher infla–
tion and lower long-term growth!
The New Protectionism
World trade is becoming an explo–
sive issuc for all the export ing
nat ions. The United States is get–
ting more and more sensitive about
foreign trade. In 1964, for example,
one in 14 manufacturing workers
madc goods for export, now it is
one in
6.
The Uni ted States is fa ll–
ing behind. The record clearly
shows that the nation has priced
itself out of overseas markets.
How much longer can t hi s
strained, constricted global market
hold together? Canada's Macdon–
ald Commission on the economy
cr íes out for a concerted nat ional
effort to "meet the challenges of a
world in which markets are diffi–
cult to penetrate and maintain."
" Reciprocity"-mild doubletalk
for protection i sm-is a term
al ready bandied about not only in
Canada, but also by the Reagan
administrat ion. Warns Richard
l.
Kirkland: "The storm is a furious
one, and it is heading our way.
lt
may be just a matter of time before
a hard rain starts to fall."
What can workers in the Wcst
do to protect themselves in this
troubled economy?
What are the steps to take now,
before this present recovery begins
to fail , perhaps as early as 1985 if
not sooner?
Where is your best investment in
this "cold, dark era" just ahead?
What can you do?
A Way
Out
First, scay abreast of changing
times.
Stay informed. About 75
percent of all jobs in the United
States wi thin two years will involve
computers in sorne form. While
high-tech may be all the rage these
days, the occupations on the wane
March 1984
are
victim s
of technology, e.g., pos–
tal clerks, compositors, typesetters,
graduate assistants and teachers
(especially as the population ages),
farm Jaborers and operators. The
American Bureau of Labor Statis–
tics, however, projects new job
openings in areas such as clerical,
fast-food outlets, janitorial , secre–
taria! and anything connected with
maintenance
and product servic–
ing.
People don't tend to huy new
products in economic downturns,
so repair and maintcnance skills are
more in demand .
Accountants, engineers, techni–
cians, food service workers, secre–
taries, sales and office clerks and
mechanics will be more in demand.
If you are out of work for sorne
time, consider
retraining.
Self–
improvement in times of economic
downturns is one o f your best
inves tments. Take advantage now
of employer-sponsored retraining
programs. Be willing to tackle new
job ski lls, especially in technical
areas. The days of a Iife-long single
career in most every profession are
basically over. A growing number
of people must master three or fou r
professions during their working
life.
Adjust your life-style now.
How? Begin to consider cheaper
alternatives fo r those expensive
vacations, costly dinners out, season
tickets, entertainment extravagan–
zas. Become more family oriented
in your recreational pursuits. Pot–
luck socials are cheaper (and more
fun) than two automobiles tied up
in more costly ou t -of-the-house
activities. lt is an undeniable fact
that strong family units survive
economic hardsbip. Sorne even
thrive on it!
R educe debts as much as possi–
ble.
Particularly, high-interest
credit card debts. Avoid unneces–
sary purchases on long-term credit.
The people and institutions suffer–
ing the most in this economic dis–
tress are those with heavy debts.
The penalties are just not worth
it.
Jf currently employed, avoid
moving and relocating,
if possible.
Moving is expensive and stressful,
especially on families. The history
of boom-town cities is just that–
boom, and bust. Sometimes a
move is postttve and be neficia),
but it is quite often wiser to show
loyalty to a product or an organi–
zat ion in a dark period rather than
immaturely pursuing a will-o'-the–
wisp.
Brush up on your people skills.
Those who work well with others,
men and women capable of endur–
ing and handling knotty work rela–
tionships without aggravating the
boss or other employees, tend to
come up for promotion sooner .
Respect your superiors. Let them
know you appreciate your job.
Radiate a Ii ttle enthusiasm and
goodwill. Don 't be a personnel
problcm, rather strive to be the
kind of worke r the company · will
not want to lose. Analyze yourself:
Are you that way now?
Continue reading and studying
the
Plain Truth
magazine.
This
magazine predictcd today's eco–
nomic morass decades ago. Note
these headlines from previous
issues: " Trade Wa r! " (August
1960); " What U.S. Gold Crisis
Means to You" (February 196 1) ;
"What Inflat ion Is Doing to Amer–
ica- And to You" (August 1969) ;
"The Battle for Economic Surviv–
al" (June-July 1970) ; "Europe–
Supergiant of the Seventies?" (Au–
gust 1972); "Strategies for Coping
with Inflation" (December 1976);
" Prepare to Greatly Reduce Your
Standard of Living!" ( J anuary
1980).
Why have we been on the right
track for so long? Longtime readers
of
The Plain Truth
know that this
magazine correlates today's world
news with a vital key, a key not
understood by most poli ticians,
economists and technical analysts.
That key is the identity of the
United States, Canada, Britain and
the other nations of this world in
Bible prophecy. Our free book
The
United States and Britain in Proph–
ecy
gives the overall picture of world
events well
past
the year 1985.
U nderstanding this certaín and
sure knowledge of the future
beyond today's s teadily darkening
world scene is your
best investment
in the years ahead. Write for our
book. You'll always be glad you
d id.
You can face 1985, and the years
after that, if you prepare
NOW! O
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