1931, repeat of 1923 prohibitionism!
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| 1923's scary 3rd Party pumpkin on the left was Jew-baiting Prohibitionist Henry Ford! The German economic collapse of 1923 is styled "The Great Disorder" by academics bound and determined to elide consideration of economic results of prohibition laws as Crimethink. This apparently sincere article follows the pattern, but presents economic data with such precision and clarity that adding the missing facts suffices to make it obvious that sumptuary prohibition laws wrecked both the German an U.S. economies more than once.(link) The Collet-Fohlin paper hails from Geneva, home of the League of Nations mausoleum. The first Collet-Fohlin chart on p4, Early 20s Run-up to Hyperinflation shows no Financial/Monetary event. Here are a few omitted events heavily impacting Germany's trade and production. On 02MAY--05MAY1921, between the 13 billion marks reparations bill and London ultimatum, the Report of the Advisory Committee on Traffic in Opium (with 4 Annexes) First session, Geneva, was presented for Submission to the Assembly of the League of Nations. Chinese delegate Koo's motion that opium production be looked into for possible limitation had passed. This directly threatened 4% of all Indian revenue obtained from the Government Opium Monopoly, along with the convenient belief that eating opium and all its morphine content was somehow non-habit-forming compared to smoking--which left morphine in the ashes. Reality was already raising its ugly head. Article 6 of the Hague Convention, called for gradual and effective supression of the manufacture of, trade in and use of prepared opium--with a loophole 7 of the 10 members exploited. NOT ONE of the important cocaine manufacturing countries deigned to respond to League requests for information on that coffee-like stimulant. In fact, none of the coca-producing nations voluntarily signed the mutated Hague convention. Many were dragged into it by the surrender demands of Versailles Treaty Article 23. This Advisory committee had no real power to dragoon governments into prohibitionist enactments, but its recommendadtions went straight to the next meeting of the entire League Assembly in Geneva scheduled for 05SEP1921. Its effect, plus that of the British bans, may be assessed by the sudden reversing of Berlin Bourse share prices from increasing to decreasing in Colet & Fohn's Median Share Price chart:  01SEP1921: Britain revived wartime regulations into the Dangerous Drugs Act (10& 11 Geo. 5. c. 46) which tacked on penalties for barbiturates (which competed with opium) and cocaine (smuggled into India and paid for in pounds sterling). 05SEP1921: The Assembly League of Nations met September 5th. As usual, arms control was the public face of proceedings in press releases, while sumptuary prohibitionist enactments were demanded with far less publicity in the same venue. (link) 08SEP1921: Brazilian regulations established controls on the entry of "toxic substances" like opiates and cocaine past the free port of Rio de Janeiro. Wild gyrations in securities "prices" through the distorting lens of currency devaluation make subsequent reactions in this particular chart more difficult to make out visually. There is no question that military forces invading Germany's Ruhr valley to seize coal production facilities had a huge influence, but those events took place in 1922, well after the point of inflection in stock prices visible at September 1921 on the chart. This same sort of instability manifests itself again and again in 1927, 1929, 1930 and at the crucial approach to the Limitation Convention Germany (and Japan) were bullied into endorsing 13JUL1931. References: TRAFFIC IN OPIUM AND OTHER DANGEROUS DRUGS--EPORT BY THE GOVERNMENT OF THE UNITED STATES F AMERICA FOR THE YEAR ENDED DECEMBER 31, 1938. This cost me $30 decades ago, but contains a wealth of charts and tables showing what happens AFTER major powers bully Germany and Japan into signing the ratcheting, overreaching and ever-expanding prohibition demands pressed for by Prohibitionist America and the remains of prohibitionist China--divided in the throes of yet another civil war. It is not a pretty picture. To the League of Nations, which places restrictions on data it shares, like Francisco D'Anconia I give my assurance that, I did not work for profit—I took a loss making these newsletters. Most of the facts I offer were disclosed by the above reference, Eisenlohr, Taylor, and the League Historical and Technical Study of 1931--plus what I read in the papers. There has been a sudden relaxation of online censorship, and today I was able to read several documents I've hunted for decades. Get the big picture in Prohibition and The Crash on Amazon Kindle in two languages. After this you’ll be able to explain to economists exactly how fanaticism and loss of freedom wrecked the U.S. economy.  Prohibition and The Crash, on Amazon Kindle (link)  ASYLUM APPLICATION FORM i589 INSTRUCTIONS IN PORTUGUESE: INSTRUÇÕES PARA O FORMULÁRIO DE ASILO i589. What we did was make the Political Asylum instructions accessible to and understandable by people accustomed to thinking in Portuguese. This costs one dollar ($1) and you can read it on a cellphone with the Kindle app.(link) Comment at LIBtranslator, my political economy blog at https://libertrans.blogspot.com/ Brazilian Sci-fi from 1926 featuring the adventures of a Rio de Janeiro man-about-town and the beautiful daughter of an elderly scientist–touting alcohol prohibition, eugenics and racial collectivism–in America’s Black President 2228 by Monteiro Lobato, translated by J Henry Phillips (link)  I also produce books and articles in Portuguese, using Brazilian historical sources at http://www.expatriotas.blogspot.com or www.amigra.us My financial history blog, http://www.Libertrans.us, is LIBtranslator, readable at libertrans.blogspot.com  Do you need to contact a certified Translator or Interpreter?  Está procurando tradutor ou intérprete credenciado?  |
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