1988 Great Depression, 1929 Remake

Crash? More Prohibition!

Denial that prohibition caused ANOTHER Crash!

Republicans and their Democratic abettors pretended the 1920-22 Crash and Depression were happenstancenothing whatsoever to do with a Constitutional Amendment ending the freedom of trade and production. Those closest to the public–smugglers and bootleggers–simply ignored the dry laws, and paid cops, agents, prosecutors, inspectors and judges to help them ignore them. Freedom from coercion was bought and sold like any other commodity in a mixed-economy market.

Realists understood perfectly that coercive meddling had precipitated the Crash and plunged the nation into a Depression at the onset of Constitutional Prohibition. And sure enough, nullification of the dry looters’ laws enabled the economy to recover in fairly short order. But God’s Own Prohibitionists were far from pleased. The Great Unwashed was treating them with the sort of irreverence Andrew Jackson had displayed toward the Supreme Court’s Chief Justice: “Now let’s see him enforce it.”

Methodist White Terror & Kristallnacht for boozers

Goodbye Weimar, hello Third Reich!

Battalions of brutes with service pistols and political will could, they imagined, secure “real” prohibition enforcement. Sheer murderous mobilization had, after all, served to Hooverize and throttle the Accursed Hun in 1918, had it not? So the Jones Five and Ten Law was handed to Herbert Hoover to wield as bludgeon, bayonet and blackjack. Former prosecutor Willebrandt published the complete arsenal of government weaponization in a book-length column in August and September in some 2 dozen papers, and the economy went from recovering to ruined in 12 weeks.

Suddenly, amid the wreckage of the Crash, Senator Jones Law Jones–the very incarnation of the Methodist White Terror–was running the G.O.P.  Senator Robinson, remanded to the Sahara of the Bozarts, was replaced at the Dem helm by impecunious-immigrant-turned-gold-magnate Walsh. Walsh was father of Evalyn “Hope Diamond” Walsh McLean, a hard-drinking morphine addict once best friends with the Late President Warren Harding, and married to Edward McLean, newspaper magnate nearly arrested for lying to protect a former cabinet officer in the Teapot Dome.

Events in 1987 followed the same pattern. Mystical prohibitionism ramped up until the economy crashed in 1987, then retrenched with increasing fanaticism until voters had no choice but to throw the bastards out.

Same as 1930 reaction!

Prohibition kills economy; government adds MORE prohibition! (link)

The article says:

WASHINGTON (AP) – faced with a revolt by conservatives, congressional leaders attached anti-obscenity provisions to a compromise drug bill so the measure can pass and the 100th Congress can go home.
A weary House Speaker Jim Wright predicted Thursday night that both houses would approve the leaders’ “final agreement” on the drug bill today, but cautioned that the obscenity language could not be “nailed down” until lawmakers reviewed it. The bill is the major legislation keeping Congress in session.
After marathon meetings by rank-and-file negotiators, Wright along with the majority and minority leaders of both houses – gathered to tackle the unresolved issues Thursday night.
The thorniest among them proved to be Senate-passed language to give the federal government broad new powers to combat obscenity.
Earlier in the day, rank-and-file lawmakers stripped the language from the drug bill after liberals insisted the government’s powers would be too broad.
“We were threatened with a revolt” by conservatives, said right, who admitted he began envisioning an embarrassing floor fight that would destroy his effort to unite liberals and conservatives, Democrats and Republicans, behind the bill that could help all incumbents.
A coalition of conservative groups began an intense last-ditch telephone campaign to win inclusion of the anti-obscenity provisions, said Diane quarter main, legislative affairs director of the Liberty Federation, formerly the Moral Majority.
The bill – which would authorize some $2.5 billion in new anti-drug money, is an ambitious attempt to deal with all aspects of the drug problem, including law enforcement, treatment, rehabilitation, education and help for authorities in drug-producing countries.
New initiatives would include up to $10,000 in civil fines for those caught with personal use amounts of drugs; a federal death penalty for killers in drug -related crimes; and denial of some federal benefits to convicted drug offenders, including users.
A number of lawmakers cautioned the drug bill would be meaningless without new financing, and the House Appropriations Committee took quick action Thursday.
The panel approved $500 million in new spending for the drug bill, an amount that would pay for barely a third of the estimated $1.4 billion first-year costs of the legislation. The final cost is expected to be about $2.5 billion if the multi-year measure is fully financed. The $500 million includes: $242 million for treatment, prevention and education; $179 million for new agents and equipment for federal law enforcement agencies; $42 million for the federal courts; $25 million for the Coast Guard; and the rest for programs of the departments of State and agriculture, and the FDA.
A combined bill to combat adult obscenity and child pornography had passed the Senate 97-0 previously, and was added to the drug bill when the House refused to take action. The child pornography language was approved by the drug bill negotiators.
The obscenity language passed by the Senate would allow the federal government to seize property used to commit or promote and obscenity offense; and authorize the government to seek civil fines against those producing, transporting or receiving obscene materials. Wright said the leadership agreed to target only major dealers or producers of obscene materials who were “knowingly engaged over a long period of time.” He said the language was not aimed at the bookstore owner who may have a single volume judged to be obscene.
He called the language “constitutionally respectable and acceptable.”
Lawmakers opted to accept portions of House and Senate language on a program to deny federal benefits to convicted drug offenders, including those convicted of possession.
Benefits such as federal public housing, grants, contracts, loans, mortgage guarantees, and some forms of veterans’ aid could be lost to drug offenders. Judges would have discretion, however, on whether to impose the penalty after conviction.
the president would submit a report on the program to Congress next May, allowing lawmakers to reconsider the proposal. No one could be denied benefits before next September. Social Security, Medicare, welfare benefits and some other veterans’ aid programs would be exempted even after September.
Negotiators agreed that if someone is killed during a federal drug felony, the federal death penalty could apply if: the killer was engaged in a continuing criminal enterprise; was trafficking in major amounts of cocaine, heroin or other drugs; intentionally gave an order that resulted in a killing; or killed a police officer.
In other key decisions, negotiators:
– agreed to create a “drug czar” in the president’s Cabinet, to coordinate national drug policy. The official would develop plans for every phase of the drug war, share with relevant Cabinet heads the authority to transfer personnel, and have the right to object when he believes drug funding is inadequate or misdirected.
Dropped a house provision that would’ve permitted introduction in federal court of evidence seized illegally, but in “good faith,” even in warrantless searches.
Accepted Senate language on child pornography, including a 20-year-to-life prison term for anyone convicted of facilitating use of a child for producing sexually explicit materials.
Gave the Justice Department nine months to develop a system for gun dealers to check whether purchasers are convicted felons.
Agreed that records of those punished by civil fines would be expunged automatically after a period of time.
– resolved that states initially would have to contribute 25% of the cost of federal grants for anti-drug crime programs. After the first year of the four-your program, the state portion would go to 50%. [Enter Bush Junior faith-based asset forfeiture Executive Order, which by 2008 would again wreck the economy]
– agreed to restore to US attorneys the ability to prosecute corrupt public officials under the theory that they deprived Americans of honest government services. A Supreme Court ruling in June 1987 had prevented such prosecutions.
– Agreed to finance drug education programs for private employees, low income pregnant women, gang members, students, and dropouts.
– Decided to drop proposals for random drug testing of transportation workers.

Get the complete story 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.

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I also produce books and articles in Portuguese, using Brazilian historical sources at http://www.expatriotas.blogspot.com or amigra.us

 

1920s legalization trends

China’s republican revolution overthrowing the Quing Dynasty and restoring antiopium prohibition in 1911-12 caused a massive opiate glut. Withdrawal sickness, often medicated with alcohol as a palliative, blurred the distinction between opiate addiction and fascination with alcohol before and during the World War. The war itself was sparked by the glut in opium-producing Balkan nations and morphine-refining Austria-Hungary, Germany, France and England as pressure mounted to ratify the Hague convention. Mr Dooley, a humorous political philosopher quoted by Milton Friedman, reported surplus morphine being added to distilled spirits during the depression begun in 1907. (link)

After the Great War, the Hague antiopium convention set afoot in 1909 was finally ratified at bayonet-point as part of the Armistice and Treaty of Versailles. With President Wilson’s corporate income tax inspections as public records announcement of July 28, 1914, wheat dropped and many stock markets closed. A sharp panic and depression attended federal enforcement of Volstead prohibition beginning the night of January 16th, as coercion and banking problems spread across These States.

Death, prohibition and income taxes

Income tax and prohibition amendments lead to Crash

Canada had experienced a similar narcotic shock, and many provinces had adopted prohibition laws after the pattern of U.S. States during wartime conditions. A black market busily reallocated supply and demand, and with the return to peacetime normalcy much churchly legislation hastily enacted in the heat of war revealed itself a financial burden.

Within a few years most provinces repealed Prohibition: Quebec, British Columbia and the Yukon in 1921, Manitoba in 1923, Alberta in 1924, Saskatchewan in 1925, New Brunswick and Ontario in 1927 and 1929, and Nova Scotia in 1930. Iceland modified its dry law to admit Spanish wine, and even Russia legalized beer and vodka as violent anarchy alternated with deliberate mass murder.

A similar trend occurred in the USA, beginning with repeal of New York’s Mullen-Gage Act, to which womanizing druggie President Harding retorted that a “small and a greatly mistaken minority” imagined prohibition would be repealed. Yet Turkish authorities were busily repealing curbs on narcotics in April 1923. The 1924 Democratic platform expressed shock and dismay at the way narcotics had replaced beer.

Get the complete story 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.

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Prohibition and The Crash, on Amazon Kindle

I also produce books and articles in Portuguese, using Brazilian historical sources at http://www.expatriotas.blogspot.com or amigra.us

1922 Dry Law Enforcement

SAYS BEER AND WINE IS SHUNNED–blared the headlines under the banner of the Gettysburg Times on a hot summer day in 1922. Backing the blaring was Wayne B Wheeler, the Harry Anslinger of the 1920s whose Anti Saloon League drummed up votes against any politician who sided with Satan against the Godly initiation of force rallied to crush the narcotic evils of the Demon Rum, Warlock Wine and Beelzebub Beer.

Initiation of Force for God and Jesus!

Read the original article (link)

By mid-1922, the U.S. economy was a shambles not to be seen again until after the Jones Five and Ten Law of March 1929 again put the fear of the Lord into the myrmidons of Mammon. Federal wartime and Constitutional Prohibition had wrecked the economy despite the influx of money as war loans arrearage was dragged out of Europe. America’s reaction was to ignore the dry laws, buy off the fanatics with bribes, and churn out beer and bootleg gin from corn sugar glucose and Fleischmann’s yeast from Portland to Portland. It was a standoff between politicians & lobbyists versus red-blooded Americans, with freedom or coercion in the balance.

I'll beat you to death!

Spirit of Dry Enforcement, same paper (link)

Politicians of the Methodist White Terror, drawn from Republican, Prohibition and Democratic parties were convinced that lax enforcement was weakening the economy, and that with enough guns, padlocks, prison time, lynchings, murder and confiscations, the economy would be up and running again in no time. Two theories of prosperity competed toe-to-toe. Religious fanatics shouted from the rooftops that coercion by deadly force was the key to a healthy economy. James A Reed, the wet senior Senator from the Anheuser-Busch State of Missouri, argued for freedom of trade and production and repeal of cruel dry legislation grounded in superstitious myths.

This was the very same wet Senator who, three years later, would send young Robert Anson Heinlein to the Annapolis Naval Academy. (link) Heinlein’s TANSTAAFL is the banner for the 2020 Libertarian Party Convention in Austin, Texas. (link)

The same page recounts some symptoms of that relatively brief economic collapse. A photo of a morgue containing the bodies of 18 of 22 mostly immigrant workers executed by union goons at a Herrin, Illinois coal mine, showed things were not as rosy as the Anti-Saloon League lobbyist preached. Wheeler assured the Sunday School meeting that: “Over $2,500,000,000 wasted for drink has been turned into useful channels. Bank deposits and savings have increased, and the net increased wealth of the country last year was $8 billion.” In fact, bank suspensions way more than doubled in the liquidity crisis from 1920 to 1921, and stood at twice the 1920 figure in 1922. Asset forfeiture was a blunt instrument for enforcing prohibition even back then. So the search was on for something else to blame for Prohibition’s economic damage. Exploiting the Herrin massacre, labor unrest was blamed and a business “revival” invented–same newspaper. (link)

Bull as scapegoat for economic depression, 1922

1922 blame the unions, 1930, the tariff! Bottle? What bottle?

Below this cartoon, the US Shipping Board was forbidden to serve wine even off the coast of France. This because August Busch of Missouri had denounced the government’s floating bars as hypocrisy after Anheuser Busch beer was banned. But what about Congressman Kelly–the Pennsylvania Dry Hope Wheeler bragged about?

Fast forward to June 23, 1930: PENNSYLVANIAN IS SOUGHT FOR TARIFF BOARD… Congressman Kelly was shoved forward to represent his state on the federal Tariff Board even as those opposed to the increase in the tariff on sugar were blamed for the Crash and Depression! (link)

DON'T BLAME ASSET FORFEITURE PROHIBITION!

Dry Congressman Kelly urged for Tariff board, wets blamed for Crash!

By then only repeal could end the Depression, and 4 months earlier a new political party was being formed. The news story ran:

WET THIRD PARTY IDEA FROWNED ON IN CONGRESS‑‑Even Liberals Call it Impracticable‑‑by Arthur Crawford‑‑Washington DC, Feb 5‑‑Supposed formation of a new “liberal” party attracted widespread attention today as a possible development in the controversy over prohibition, but leaders in both Republican and Democratic parties were inclined to ridicule the suggestion. The proposal was made by Samuel Hardin Church of Pittsburgh, president of the Carnegie institute, at last night’s dinner in New York of the eastern directors of the AAPA (Association Against the Prohibition Amendment) (CT 2/6/30 8) More to come on how this party saved America from the Great Depression just as nullification saved us from the earlier prohibition Crash and depression…

Get the complete story in Prohibition and The Crash on Amazon Kindle in either if two languages for the price of a craft pint. After this you’ll be able to explain to economists exactly how fanaticism and loss of freedom wrecked the U.S. economy.

ProhicrashAmazon

Prohibition and The Crash, on Amazon Kindle

I also produce books and articles in Portuguese, using Brazilian historical sources at http://www.expatriotas.blogspot.com or amigra.us

 

Economic Recovery, 1923

Nullification saved the economy!

Dry law ignored 1921-22 the way hemp laws repealed after 2008 Crash

Stock markets began falling in 1916, despite War profits, because investors feared the approach of national Prohibition. Prohibitionist States had never been beacons of economic success–rather the contrary. The Crash arrived with the Volstead act the night of January 16th, 1920, and sure enough, the depression arrived. Yet two years later a fairly swift recovery had set in, (link) mainly on account of popular nullification. (link)

Slammer, no second amendment, no suffrage!

Prison terms replace light Bargain Day fines. (link)

This changed radically after the fanatically dry Ku-Klux Klan abandoned the Democratic party after “Whiskey Al” smith ran for president in 1928. Back then inauguration day was March 4th, and by March 2, the lame-duck Congress had gotten president Coolidge to sign the Jones Five & Ten law making beer a federal felony good for 5 years in the slammer and over half a million dollars in fines at current gold prices. With typical American humor Illinois papers that gloomily predicted a Dry Autocracy were soon advertising (non-Irish) Autocrat coffee. (link)

Bandana banana república da Amérika

Just like a Latin American dictatorship

Federal Prosecutor Willebrandt had meanwhile weakened 4th and 5th Amendment protection to make way for really enforcing the first coercive amendments to the Constitution–the 16th importing the communist platform graduated income tax and the 18th, jointly yielding to the mystical fanaticism that loosed the Comstock Laws, Panic of 1893 and Panic of 1907–as apocalyptic plagues upon the former Land of the Free. Her tell-all exposé was published in August and September, 1929, as a syndicated column titled “The Inside of Prohibition.” (link)

Luckily for America, we still had unsubsidized elections and the Liberal Party’s 1931 repeal plank was published in time for the Democrats to copy it into their 1932 platform. (link) After Republican asset forfeiture enforcement brought on a Great Depression and Hoover’s Moratorium on Brains helped Hitler gain power in Germany, that wet plank walloped God’s Own Prohibitionists right out of the ballpark for the next five elections. (link)

Get the complete story 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.

ProhicrashAmazon

I also produce books and articles in Portuguese, using Brazilian historical sources at http://www.expatriotas.blogspot.com or amigra.us

Dry Violence 1924

Ku-Klux Khristan Love

Violent genocidal dry cops (link)

Martial law was declared shortly after an explosion at a corn sugar plant. Almost all of the alcohol consumed in the USA during prohibition was made from corn sugar. From the same edition:

The Glucose Trust, The Yeast Trust

Corn Sugar produced 95% of all moonshine (link)

The Ku-Klux Klan were fanatical enforcers of prohibition, and were given plenty of leeway when it came to dealing with the subjugated recipients of Christian tough love, thanks o the New York Times portrayal of Blacks on the eve of signing of the Harrison Act. In its 08 FEB 1914 edition. Ten years after, in 1924, it was the Demon Rum that threatened the very foundations of civilization. So an upstream corn sugar plant blows up, and the Klan involves Federal troops in looting operations 82 years before George Waffen Bush funds faith-based looters on asset forfeiture rampages to wreck the economy. Here’s the last of the story…

Faith-based asset forfeiture looting

82 years before Bush Jr faith-based asset-forfeiture Crash

The present situation in Williamson county developed when citizens said to have affiliated with the Ku Klux Klan caused prohibition enforcement officers to come into the county and conduct raids. The officers deputized between 300 and 400 citizens, many of whom were armed when the raids were carried out.
The first raid was staged December 22, when posses, headed by the enforcement officers, swept over the county making wholesale arrests. W.A. Peters, police magistrate and a member of a raiding party at West Frankfort, a small mining town, was wounded by two foreigners, and two foreigners were wounded when they resisted arrest. One hundred and thirty-six arrests were made. The second raid was made on January 5 and 50 arrests were made.

KLAN ACTIVITIES

–A report that the Ku Klux Klan had contributed $3000 for law enforcement in the county was denied, but it inflamed those opposed to the hooded organization. The raids were conducted without the knowledge of Sheriff Galligan. It was intimated he was not told of the movement because the news might “leak out.”
The Klan staged numerous parades in different parts of the county and there quickly sprang up an anti-Klan organization known as the Knights of the Flaming Circle. Clashes between the organizations were narrowly averted on several occasions.
Sheriff Galligan told Adj. General Black today that the raids conducted by the federal officers and citizens had become more than mere law enforcement raids. He charged irresponsible purposes has seized upon them to burn buildings and rob. Only the presence of troops could keep order, he said. (Aurora Daily Star 09JAN1924 1)

Why not delve into the failure of Prohibitionism that caused the 1929 Crash? Prohibition and The Crash–Cause and Effect in 1929 does exactly that, matching newspaper accounts against stock market reactions and competing theories. It is live on Amazon Kindle for the price of a pint.

My other-language blog is amigra.us

Biden-Reagan crash, 1987-88

Senator Bob Dole, a “Just Say No” groupie, placed on the 9/26/1986 agenda S.AMDT.3034, to strengthen the laws against illegal drugs, and for other purposes. This was another Wesley Livsey Jones 5&10 law of 90 years ago, adding Gestapo tactics and looting to existing prohibition laws. These repeat events occurred 33 years ago.

Opinions and Social Pressure, Asch, 1955

The prohibitionist bandwagon effect, 1989 news ad

Senator Biden insisted on S.AMDT.3092 tweaking Dole’s meddling. A year later the Omnibus Drug Enforcement, Education, and Control Act of 1986 hit the political arena, the market crashed and Biden on October 21, 1987 put the Federal Criminal Fines and Sentencing Act on the calendar, which eventually mutated and passed as the entire economy collapsed. Why not look at that law? Mandatory minimums, asset forfeiture, the whole recipe for a Great Depression, papered over with paper money, is in there.

Now that the same geriatric asset-forfeiture prohibitionist is gearing up for another run at the White House, what happens when you search for the text of his economy-wrecking piece of weaponized legislation?

Text: H.R.5210 — 100th Congress (1987-1988)
All Information (Except Text)

Digital text is not available. Print format documents may be available at a federal depository library, or contact us for assistance.

This sort of strategy was outlined in Orwell’s 1984:

How could you make appeal to the future when not a trace of you, not even an anonymous word scribbled on a piece of paper, could physically survive?

Similar slits existed in thousands or tens of thousands throughout the building, not only in every room but at short intervals in every corridor. For some reason they were nicknamed memory holes. When one knew that any document was due for destruction, or even when one saw a scrap of waste paper lying about, it was an automatic action to lift the flap of the nearest memory hole and drop it in, whereupon it would be whirled away on a current of warm air to the enormous furnaces which were hidden somewhere in the recesses of the building. As soon as all the corrections which happened to be necessary in any particular number of The Times had been assembled and collated, that number would be reprinted, the original copy destroyed, and the corrected copy placed on the files in its stead.

Persistence leads to a mutilated scan sprinkled with plausibly deniable typos. (link)

There you will find the Department of Justice Assets Forfeiture Fund, which looting funds the “compromise and payment of valid liens and mortgages against property that has been forfeited.” This practice led to the 2007-8 subprime mortgage-backed securities crash as unreported thousands of homes were seized and then dumped by kleptocracy looters with service pistols. For $38 you can see just how heavily redacted is the asset-forfeiture information on these confiscations from 1988 to 1992. (link)

Looters will be Looters

Looters with guns and uniforms… Death Sentence!

The causes of the Flash Crashes of 2010 and 2015 are in there too, as “financial investigative programs that target the identification of money laundering operations and assets obtained through illegal drug trafficking…” Both the Democratic and Republican parties created this mess, as on the night of January 16th, 1920, and the crashes of 1920, 1929, 1987, 2010 and 2015 were the direct result, along with all the financial losses, impairment of retirement savings and pension funds, unemployment, currency inflation, terrorism brought on by deadly meddling overseas.

The resulting dilapidation of U.S. infrastructure and erosion of our foreign goodwill and image abroad is the result of these cruel and superstitious laws created at the behest of mystical bigotry backed by pseudoscientific perjury and data-tampering. Stock values fell 34% in 2008 because George Waffen Bush funded faith based fanatics and unleashed them with a license to loot. (link) (link)

Why not delve into the failure of Prohibitionism that caused the 1929 Crash? Prohibition and The Crash–Cause and Effect in 1929 does exactly that, matching newspaper accounts against stock market reactions and competing theories. It is live on Amazon Kindle for the price of a pint.

My other-language blog is amigra.us

 

Sullum’s Drug Debate

Hippies, Blacks, Mexicans--murder them all!

Killing is the whole point of sending men with guns to kick down doors, fire on vessels and riddle automobiles with bullet-holes!

Watching Nick Sarwark get bushwhacked by the debating tactics of a libertarian-impersonating anarchist made for a sense of foreboding over Jacob Sullum debating a prohibitionist. The opening argument–that violent narcs murder and maim people–could have been copied from the 46-year-old news clipping above. (link) Sullum recited almost identical stories of brutal mayhem against bystanders and even brought up the deliberate mass-poisoning of populations by adding wood alcohol to ethanol–of which practice God’s Own Prohibitionist (a novelist and pseudoscience hack) feigned ignorance, even surprise. Continue reading

Road to Crashdom

Law Bites Lawmaker!

Prohibitionist hypocrisy original article (link)

The Providence Evening Tribune also reported such amusing fare as Law Bites Lawmaker, above. This is a lot like today’s news, where a California global-warming activist politician resigns for slipping on the no-drug-orgies-with-interns rule that she herself voted in.

With eerie familiarity the same page tells of the unending reparations and war loans soap opera (link), nicknamed the League of Debtors (link), and of Syrian moslems exterminating Jews (link). Zeppelins now strike us as unusual, and 1929 constitutional debates were not over guns, which everyone freely owned, but whether the 18th Amendment could prohibit Stand-Your-Ground home brew for household consumption. Dry agents murdering motorists, homeowners and boaters were an almost daily occurrence. (link)

Our parents and grandparents couldn’t legally get beer, just as we are mostly prohibited from having plant leaves and guns. Government bureaucracies deliberately poisoned safe beverages with methanol–causing permanent blindness. As alcohol was driven underground it was quickly replaced by German heroin. As relatively safe drugs are banned today, fentanyl is replacing bulkier painkillers just as easily-concealable Everclear replaced beer in 1929, and FDR replaced Herbert Hoover in 1933.

Oddly, but not coincidentally, asset-forfeiture rampages by religious zealots with guns caused financial upheavals and banking problems in both eras.  The illegal economy and stock market dividends were untaxed before 1927. Then, as of March 2, 1929, economic instability set in, increasing in oscillations.

Fast-forward to September 15, 1986, when a similar phenomenon set in, worsening abruptly on May 5, 1987, and tilting into an accelerating stock crash on September 16, much as in 1929.

When in June 2007 the mortgage-based derivatives market reacted like a punctured balloon, nobody mentioned the Financial Action Task Force report on Money Laundering through the Real Estate Sector and Laundering the Proceeds of Illegal Narcotics Trafficking. Just as pointedly did they ignore the March 7, 2006 Bush Jr. E.O. on the WHOFBCI and the Federal Equitable Sharing Fund set up in April of 2008. This was the green light for prohibitionism as an excuse for robbing money and property without so much as an accusation, much less a conviction of the victim.

The neighborhood effects from prohibitionist asset plundering were quickly noticed when Barack Obama got 365 electoral votes in November, and when Bush Jr a week later announced:

Well, I have obviously made a decision to make sure the economy doesn’t collapse. I’ve abandoned free market principles to save the free market system. I think when people review what’s taken place in the last six months, uh, and put it all in one, in one, (sigh), you know, in one package, they’re realize how significantly we have moved. (link)

You do see the video, right? It’s not down a memory hole or anything like that, right?

Why not delve into the failure of Prohibitionism that caused the 1929 Crash? Prohibition and The Crash–Cause and Effect in 1929 does exactly that, matching newspaper accounts against stock market reactions and competing theories. It is live on Amazon Kindle for the price of a pint.

Prohibition and The Crash, on Amazon Kindle in 2 languages

My other-language blog is amigra.us

November 1929 News

Stopping the motor of Prohibition

Stock Market a smoking ruin! (link)

Who is Mabel Willebrandt? She was the Joan Galt of Prohibition who gave the looters exactly what they asked for in the year Ayn Rand was married to a U.S. citizen. Willebrandt had in August and September published “The Inside of Prohibition” as a column syndicated in 21 newspapers across the USA. In it she explained how the income tax was used to arrest drug and alcohol purveyors juries would not convict for prohibition violations. She also ripped the lid off of the Jones 5 and 10 Law (5 yrs on a chain gang and a fine worth 30 pounds of gold for having liquor) passed two days before Hoover swore to fine and imprison the entire U.S. population if that’s what it took to enforce it.

So on our way to page 12 to see if Willebrandt’s column on drug and beer agents with tommy guns will be mentioned or ignored, we see this gem:

Chain Gang - 30 pounds of gold fine for beer

Jones 5 and 10 Increased Penalties Law, 02 March 1929

This Senator Wesley Livsey Jones was the Pacific Northwest’s White Terror. His coastwise shipping law was a prohibition law in disguise, as it restricted who could operate vessels near U.S. coasts. But the Post-Crash article says nothing about Wesley Livsey Jones’ dry fanaticism. THAT went without saying. Now we come to the narc and taxMAN Hoover chose to replace America’s feminist prosecutor–now resigned from her dead-end job in disappointment.

Bring on the Depression!

Reasons to expect a Great Depression (link)

The article reports that…

Friends of the Administration describe Mr Youngquist as a firm believer in the dry cause. They also say his record as enforcement officer of Minnesota is excellent.
Besides enforcement of the Volstead Act, Mr Youngquist will have charge of enforcement of the internal revenue laws and the narcotic laws. He would have a much enlarged responsibility if and when the prohibition enforcement unit is transferred from the Treasury to the Justice Department.
Mr Youngquist was selected on recommendation of Attorney-General Mitchell and was among half a dozen men whom the President considered for the place. One of these is also believed to have been Hugh M Alcorn, State’s Attorney of Connecticut, but he was eliminated because of a disagreement among Republican leaders of Connecticut over his appointment.
Friend of Volstead
G.A. Youngquist… named to succeed Mrs Mabel Walker Willebrandt as Assistant Atorney General in charge of prohibition inforcement, is a close friend of Andrew Volstead and S.B. Kvale, in charge of prohbition in the northwest district.
Youngquist is 44 years old.

So the nation’s top prosecutor resigned, wrote a tell-all that explained how the Administration would topple the economy to exorcise the Demon Beer. Investors saw clearly that the economy would indeed be crushed and money fled banks and brokerages. The elevation of the most ruthless and fanatical Inquisitors, beginning with Younguist, fair-haired boy of the author of the Volstead prohibition law of The Night of January Sixteenth, began.

This was America’s Gestapo directing hordes of agents with holy crosses and service pistols to break in doors, tap phones, audit tax returns, arrest physicians and indict the worlds largest yeast, glucose, sugar and chocolate corporations on felony conspiracy charges. This is what PROMPTED the flight of money BEFORE the looting, torture, murder and imprisonment bulked up beginning in November of 1929.

Get the complete story in Prohibition and The Crash on Amazon Kindle in two languages

ProhicrashAmazon

Prohibition and The Crash, on Amazon Kindle

I also produce books and articles in Portuguese, using Brazilian historical sources at http://www.expatriotas.blogspot.com or amigra.us

 

 

Start of the 1929 Crash

The U.S. stock market began following the fall of the German and French stock markets during the first few days of September, 1929. Above is a typical story about a small still–the large, continuous stills producing thousands of gallons a day never made it into the papers. The story (link) hints that the agent on vacation was turning a blind eye to liquor production, and that his officious replacement was cracking down with faith-based determination and lusty asset forfeiture, but that the coast will again be clear next Wednesday.

RAIDERS SEIZE MOONSHINE STILL—Mash and Finished Product Found at Pawtucket. A Pawtucket raid in which federal prohibition agents attached to the Providence office, under direction of Chief Raiding Officer Michael A O’Brien, today seized a 100 gallon moonshine still and large quantities of mash and finished product is the 22nd seizure whih the office has effected since John W Morill, administrator in charge of the office, left on his vacation two weeks ago.
As a result of the raids, a report of which is being tabulated by Carl A Nelson, drug store inspector, acting as administrator in the absence of Mr Morrill, 21 Rhode Island men have been taken into custody and arraigned before United States Commissioners on charges of violating the prohibition act.
The number of stills and beer plants uncovered during the raids had not been tabulated by Mr Nelson to-day, but the acting administrator indicated that they would far exceed the number seized by the local office over a similar period a year ago, when, he said to-day, seizures totalled six.
No defendant was found on the raid conducted today, on a two-story dwelling house at the junction of Yale and Notre Dame avenues, Pawtucket, where the agents claim to have seized 47 barrels of moonshine mash and a large quantity of alleged moonshine whiskey.
Four stills uncovered last night by the agents in cellars of two houses on Division Street, Central Falls, were about the filthiest in the experience of agents attached to the local force, it was indicated to-day, the report stating  that quarters where the stills were uncovered were infested with rats and other vermin.
Mr Morrill, who is spending his vacation with members of his family in Maine, is expected to resume his duties in this city next Tuesday. Mr Nelson will leave on his annual leave of two weeks the following day. (Providence, RI Evening Tribune 31 AUG1929  1)

On the same page (link) is a report on the difficulties experienced in collecting war reparations payments from Germany. After Austria and Germany attacked other narcotics-producing nations in 1914 then lost in 1918, every country invaded was counting on German reparations payments provided under the Treaty of Versailles. With that money they then paid a little toward the loans gotten from Uncle Sam while being throttled by the Accursed Hun. Throttler replaced throttlee in the Versailles treaty, yet Germany, now fanatically inspired by christian National Socialism, spent its drug income on political parades and armaments, while demanding everyone else disarm.

Why not delve into what caused the 1929 Crash? Prohibition and The Crash–Cause and Effect in 1929 does exactly that, matching economic theory and newspaper accounts against stock market reactions and competing theories. It is live on Amazon Kindle for the price of a pint.

Prohibition and The Crash, on Amazon Kindle in 2 languages

My other-language blog is amigra.us