CSI: the Economy

Current Events Domestic United States Politics
1

The Evidence

http://cockpit.spacepatrol.us/smokkinggun2.html

http://cockpit.spacepatrol.us/smokinggun.html

The reports

http://cockpit.spacepatrol.us/08oct.html

http://cockpit.spacepatrol.us/09jan.html

http://cockpit.spacepatrol.us/09mar.html

The verdict

http://cockpit.spacepatrol.us/07nov.html

How come Frank, Dodd, Waters & Co. haven’t been dragged before a military tribunnal charged with terrorism and subversion and aren’t before a firing squad? They must be the envy of Al Qaeda.

Or, should we congratulate the Democrats and the university-media-totalitarian complex for a great heist?

2

It all goes back much farther than this, I’m afraid.

The creation of the FED.

Federal income tax.

The New Deal.

Elimination of the Gold Standard.

Our economy has been fake for some time now. I’m not trying to defend Dodd or Frank, but let’s get some perspective.

3

It all goes back much farther than this, I’m afraid.

The creation of the FED.

Federal income tax.

The New Deal.

Elimination of the Gold Standard.

Our economy has been fake for some time now. I’m not trying to defend Dodd or Frank, but let’s get some perspective.

Revisit the post and follow the case

I am working on the third tine of the trident of death: The Icome Tax.

While there are 9,999,999 articles on the economics of all this. The Crime Scene Investigation is done via the evidence and the forensics of psychohistory

4

1971 - Median Income would buy about 200 ounces of gold

2006 - 76 ounces

5

1971 - Median Income would buy about 200 ounces of gold

2006 - 76 ounces

The maximum at 1970 is due in part to the fact that the US government legally fixed the price of gold up to then ($35/oz IIRC_. No private individual was allowed to own very much of it, but the US used that figure for settling foreign payments. Once they stopped doing that, the price skyrocketed, more than quadrupling before it became legal to own once again.

In other words everything before about 1974 on that graph is extremely artificial.

6

The maximum at 1970 is due in part to the fact that the US government legally fixed the price of gold up to then ($35/oz IIRC_. No private individual was allowed to own very much of it, but the US used that figure for settling foreign payments. Once they stopped doing that, the price skyrocketed, more than quadrupling before it became legal to own once again.

In other words everything before about 1974 on that graph is extremely artificial.

The dollar actuall did purchase mrore

Heating oil was about 14 cents a gallon

a 16 oz can of coffee was about 80 cents

a pound of hot dogs was about 89 cents

In general prices had tripled by 1980

7

It all goes back much farther than this, I’m afraid.

The creation of the FED.

Federal income tax.

The New Deal.

Elimination of the Gold Standard.

Our economy has been fake for some time now. I’m not trying to defend Dodd or Frank, but let’s get some perspective.

So we should just let it go on and on and not say “Basta!”? at some point we have to stop getting “perspective” and put the leather to the hiney. We should adopt the Emmanuel Principle and not let a crisis go to waste. You can get perspective for 3,000 years but if you do not act, you’ll still be getting perspective when you should have, taken action, gotten past what you’re getting perspective on (If it hasn’t killed you by then) and be colonizing Rigel IV rather than doing “CSI #1,386: The Economy”. As I show in “The reports”, and as you clearly deomostrate, we have enough perspective (I have 40 years of it); we know the score and times’s a-wastin’. The archetects of this mess are long dead and out of our reach. Frank, Dodd et al are here now. We can’t change the past, we can create a future.

8

The dollar actuall did purchase mrore

Heating oil was about 14 cents a gallon

a 16 oz can of coffee was about 80 cents

a pound of hot dogs was about 89 cents

In general prices had tripled by 1980

No, you are missing my point. you *cannot* claim peoples’ standard of living dropped *solely* because they could buy less gold in 1974 than in 1970. The price of gold was artificially kept fixed by the US government up to 1970, which is why the graph climbs so steeply until then. We were inflating the currency, but gold was not allowed to rise in price as a result of that. Thus people were taking home double the number of dollars as before, everything except gold had doubled in price… so this graph implies that they were twice as wealthy. Once the price control was lifted it took gold four years to reach its market price. That’s why I contend that the only part of that graph that is meaningful is 1974 onwards. Gold peaked (corrected for inflation) in 1980, and that was mostly a speculative “bubble”.

9

No, you are missing my point. you *cannot* claim peoples’ standard of living dropped *solely* because they could buy less gold in 1974 than in 1970. The price of gold was artificially kept fixed by the US government up to 1970, which is why the graph climbs so steeply until then. We were inflating the currency, but gold was not allowed to rise in price as a result of that. Thus people were taking home double the number of dollars as before, everything except gold had doubled in price… so this graph implies that they were twice as wealthy. Once the price control was lifted it took gold four years to reach its market price. That’s why I contend that the only part of that graph that is meaningful is 1974 onwards. Gold peaked (corrected for inflation) in 1980, and that was mostly a speculative “bubble”.

At the time that it started to show as a big deal. it was considered to be a result of two things.

  1. c1972. specifically on “The Advocates [which I saw]”, Greenspan proposed that there would be shortages due to wage and price freezes. These would lead to higher prices whether or not the wage-price freezes were lifted. It was Nixon who said “We’re all Keynesens now”

  2. The printing presses. Money was being printed to keep up with the rise in prices and to hide the devastation wrought be monetary policy. The last 4 months have seen the enactment of measures that will caluse this to happen again and probably at a blistering reate

Sometime in the 1976-early’78 timeframe, according to a PBS program, the Keyneseans hat their little meeting at Bretton Wood and said that “the current situation [stag-flation] was unaccountable for in the Keynsean model” Why they were not forthwith executed, is beyond me, considering what they had gotten us into.

It should also be noted that John Maynard Lord Keynes considered himself to be a pro-capitalist and opposed to socialism. He actually was a rump mercantilist which was the predecessor to capitalism and was in it’s heyday from, I would estimate, the late 1500’s to the mid 1800’s in which government encouraged but oversaw business believing that a strong business climate made for a powerful nation. This was the era of charter companies like the London Company and some others. The unwieldyness of it reached a crisis in the 1754-76 timeframe in the American Colonies leaving Chancellor of the Exchequer, Lord North, with an untenable situation.

The only thing I heard about the price of gold at the time was that it would be a good idea to invewt in it and this from conservative and libertarians alike in Reason Magazine

This was the time when Greenspan made his name. along with Friedman and Hayak.

10

More Gunsmoke: Pass it on

New York Times 30 September, 1999

http://query.nytimes.com/gst/fullpage.html…;pagewanted=all

Someone better Print Scrn this in case the libs at NY Crimes get wise to all the hits

11

So we should just let it go on and on and not say “Basta!”? at some point we have to stop getting “perspective” and put the leather to the hiney. We should adopt the Emmanuel Principle and not let a crisis go to waste. You can get perspective for 3,000 years but if you do not act, you’ll still be getting perspective when you should have, taken action, gotten past what you’re getting perspective on (If it hasn’t killed you by then) and be colonizing Rigel IV rather than doing “CSI #1,386: The Economy”. As I show in “The reports”, and as you clearly deomostrate, we have enough perspective (I have 40 years of it); we know the score and times’s a-wastin’. The archetects of this mess are long dead and out of our reach. Frank, Dodd et al are here now. We can’t change the past, we can create a future.

What am I supposed to do? I already write and call all of my federal, state, and local representatives. I have a STACK of letters in my closet from all of them asking me nicely to just shut up and pay my taxes. I attend local municipal meetings to raise my concerns (which are ignored), donate money to groups I think make a difference (like the NRA). What else is there? I work 50 hours a week so I don’t have time to stage protests. I have a family so I can’t picket in D.C. on weekends. I try to inform people. No one wants to listen or hear it. People, for the most part, LIKE being ignorant of what’s happening. It’s sick.

The system is broken. All I can do at this point is stockpile ammunition and hope things don’t degenerate too much.

:dough:

12

What am I supposed to do? I already write and call all of my federal, state, and local representatives. I have a STACK of letters in my closet from all of them asking me nicely to just shut up and pay my taxes. I attend local municipal meetings to raise my concerns (which are ignored), donate money to groups I think make a difference (like the NRA). What else is there? I work 50 hours a week so I don’t have time to stage protests. I have a family so I can’t picket in D.C. on weekends. I try to inform people. No one wants to listen or hear it. People, for the most part, LIKE being ignorant of what’s happening. It’s sick.

The system is broken. All I can do at this point is stockpile ammunition and hope things don’t degenerate too much.

<_<

I got irritated by the “perspective” thing, I’ve heard that for forty years. We have the perspective, I’ve put material at your disposal. Use your page download and videio download and you can make a CD or zip file to distribute in some way. I just might do that myself

You imply that you can’t take time off to show up either because of work or family. Then what good will the ammunition do? it will be too late by then; there will be nothing worth fighting for and the good guys will be so scattered that they will pick you off one by one. To use wepons effectively, you nee to be trained as a militia. Before that time you must meet like-minded persons. It would be easier to take the time to do that which you said you don’t have the time to do, if such were available. Why can’t someone like Bobby Jindal organize a Million Man March? If you’re too busy to show up for the rally then how will you put your lives at risk to show up for the fight which takes far more effort and spunk? You will be away from your family, not for a week, but for months.

If the congress saw two million angry taxpayers show up 3 times a year. they’d fold up like a cheap switchblade. For one thing, they’ll know that to take the time you must be one pissed off bunch of folks. But the bad guys know that you folks won’t do that, you’ll go down first. It’s one thing to stick your head out the window and say “I’m mad as hell and won’t take it any more” and another to show it. The bad guys know this

Persons are wialing and moaning about Obama. This could be an opportunity just as the 1980’s were an opportunity that gave us Reagan and the two decades of prosperity that he engendered.

13

I got irritated by the “perspective” thing, I’ve heard that for forty years. We have the perspective, I’ve put material at your disposal. Use your page download and videio download and you can make a CD or zip file to distribute in some way. I just might do that myself

Come on now. There are already hundreds of YouTube videos out there with similar content. They get viewed by people like you and I who are already informed. Everyone else watches Britney Spears. You know, as well as I do, that your average person on the street doesn’t know or care about politics. How do you think people like Barney Frank and Chris Dodd keep getting elected? How do you think people like Charlie Rangel can say things like, “Mind your goddamned business” when confronted with tax fraud? Our system perpetuates the corrupt. Our federal government has become OBSCENE.

You imply that you can’t take time off to show up either because of work or family. Then what good will the ammunition do? it will be too late by then; there will be nothing worth fighting for and the good guys will be so scattered that they will pick you off one by one. To use wepons effectively, you nee to be trained as a militia. Before that time you must meet like-minded persons.

I’ll be fine. No comment, other than that.. <_<

It would be easier to take the time to do that which you said you don’t have the time to do, if such were available. Why can’t someone like Bobby Jindal organize a Million Man March?

Heh. You let me know when Jindal organizes that. He won’t.

If the congress saw two million angry taxpayers show up 3 times a year. they’d fold up like a cheap switchblade. For one thing, they’ll know that to take the time you must be one pissed off bunch of folks. But the bad guys know that you folks won’t do that, you’ll go down first. It’s one thing to stick your head out the window and say “I’m mad as hell and won’t take it any more” and another to show it. The bad guys know this

Persons are wialing and moaning about Obama. This could be an opportunity just as the 1980’s were an opportunity that gave us Reagan and the two decades of prosperity that he engendered.

I do what I can within the confines of my life. Hey, there might be tax revolts in the near future, I don’t know. We actually got pretty close to something nasty happening right here in my town because of the recent hikes in water rates. But the corrupt in power know how to play the game. They keep the taxes just bearable enough so most people just pay them and move on. For now, I’ll continue to write my representatives. I’m not at the breaking point where I’m ready to risk my job which is still relatively stable to go marching in the street.

Like I said in my first post earlier, this has been building for a LONG time. It all goes back to the FED, an illegal institution of banks that is designed to cheat people and strangle the free market. This system cannot be sustained; and I seriously doubt it can be fixed from within anymore. Real politicians who say they want to abolish the FED are few, and they’re marginalized.

14

Then what good will the ammunition do? it will be too late by then; there will be nothing worth fighting for and the good guys will be so scattered that they will pick you off one by one. To use wepons effectively, you nee to be trained as a militia. Before that time you must meet like-minded persons.

But the bad guys know that you folks won’t do that, you’ll go down first.

I know something you don’t know.

Bwahahahahahah!!! <_<

Why can’t someone like Bobby Jindal organize a Million Man March?

*cue SpongeBob laugh*