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Causes of recessions after 1973

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  Again, this is that same chart showing unemployment and recessions 1973-74 : The DOW was high early 1973 as the pro-choice, anti-draft Libertarian Party got an electoral vote. Women became rightful individuals a couple of weeks later and the U.S. was driven out of Vietnam as unemployment dropped to 1960 levels. Nixon's Watergate burglars soon dominated the news until mid-October , when a Brussels bank was investigated for odd exchange transactions with German banks.( link ) The  New York Dow Jones average dropped from 1000 to about 600. Germany down from 800 to 550. France dropped from 100 to below 50. London dropped from 500 to 175. Italy showed wild zigzags, net loss. Holland dropped from 170 to below 100. Australia dropped from 650 to 75. Canada fell from 220 to below 150. Japan down from 410 to 275. Hong Kong 1000, spiked to 1800, then dropped to about 220... Why?  On 22JAN1973 , the same day the  Supreme Court voted by a margin of 7-2 that a woman had a constitutional right
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CAUSES OF RECESSIONS

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  This is a chart of the unemployment rate, not stock prices The UN replaced the League as Global Prohibition Organizer in 1945, after the opium war historians obediently refer to as WW2. This made sense the same way transferring the banning of plant leaves from the Hague to The League--by way of the Treaty of Versailles--made sense. After all, that early effort had appeased China into calling off its boycott of U.S. goods. But it also resulted in two Balkan Wars and WW1 as the members of the Opium Advisory Committee gleefully wielded the Versailles Treaty and Geneva dope convention as a club with which to put competitors--such as Germany and cannabis--at a disadvantage.  Few perceived the connection between the forced financial oscillations of 1927, 1928, 1929 and waves of banking panics that swept the USA with the income tax was weaponized against the twin evils of the alcohol and drug traffic. But America's homegrown alcohol industry and the burgeoning drug trade which flowed i
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Connecting Prohibition, Crash, War dots

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Typical drug manufactures chart, 1930 No American schoolbook mentioned the Opium Wars until Brian Inglis published The Opium War in 1976, the election year the Libertarian Party ran its second slate of candidates demanding repeal of drug prohibition laws. The audiobook version is now available.( link )  Brian's other drug book, the Forbidden Game, gives further insights into how prohibitionism developed as a cudgel with which pharma cartels wielded government laws as marketing tools and double-edged weapons once the colonial harnessing of addiction was out of the bag.( link ) The link between the dragooning of political States into marketing tools and weapons of economic warfare is not the sort of thing those political states extoll with pride. Enormous effort goes into disguising the fact made plain by Adam Smith in 1775 that wars prohibiting production and trade necessarily wreck national economies, just as purging the violence of law from trade relations gives rise to the Wealt
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Behind the Scenes in 1929

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  Off with their heads! Qing prohibitionism On the 17th of January, 1929 , the League Of Nations' coryphaeus of opium prohibitionism met in Geneva to deliberate on the initiation of deadly force in furtherance of prohibitions outlawing production and trade. On September 2, this Opium Advisory Committee recommended that the League organize gangs to kill, imprison and confiscate throughout the entire planet, as the Republicans had done in the USA. As of March 2, 1929, beer and wine made one liable to five years in jail and a fine of about 14 pounds of gold.( link ) Stock markets shriveled and interest rates climbed steeply.  All that remained was for Europe to withdraw investments from the USA, as England had done when China, in December of 1836, invited the East India Company opium dealers to leave.  Germany--the world's premier heroin producer even before the First World War--stood threatened by the Christian fascism of compulsory abstinence. Japan was the only Asian country t
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1987 Crash: Naming Names

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What happened after a Republican fanatic was reelected, 1986. Reagan Speech : There've been some real champions in the battle to get this legislation through Congress: Senators Bob Dole , Robert Byrd, and Strom Thurmond ; Congressmen Bob Michel, Jim Wright , Benjamin Gilman, Charles Rangel, and Jerry Lewis. I'd like to single out Senator Paula Hawkins in particular. She took this battle to the public and has been a driving force behind the effort to rid our society of drug abuse. Like Nancy, she made her commitment to fighting drugs long before it was the popular thing to do. This kind of honest, hard-working leadership is what makes all the difference. And now, Paula, if you and your colleagues will join Nancy and me, we will get on with the signing of that bill, making it the law of the land.  Here are the names given "it," "the" law of the land.  Signed by President . 10/27/1986: Became Public Law No: 99-570. TITLE(S): (italics indicate a title for
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