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Showing posts with the label inflation

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 flo...

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 ...

Prohibition laws, the 1987 Crash and Recession

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Bush notices the difference between his prohibitionism and freedom of production and trade Ronald Reagan published an autobiography in 2007 bragging about how he and Nancy had seen to it that only people willing to pee into a Drug Czar sample cup could hold jobs in the federal bureaucracy. All others would be fired.  Onto this bandwagon hopped a Texas congressman with ambitious plans to spread enforcement tentacles around the entire planet, invade other countries, choose foreign politicians and assassinate or jail any who balked.  A year after Reagan's biography revealed--bragged about--what had gone on in the hustings, Texas President George W Bush blinked at teevee cameras as the economy crashed around him.  Bush was absolutely baffled that "the market" Reagan, Bush Daddy and he himself had coerced at gunpoint with prohibitionist zeal and faith-based asset-forfeiture highway robbery, had "stopped working." Let's look at the record.  The following materi...