Austrian Economics 1929

Alcohol in America, Drugs in Austria, Crashes in both (link)

All-night efforts by Police President Schroeder to avert the proposed mass demonstrations on Sunday of Austria’s rival militant home guards resulted in failure. Both the socialists and anti-socialists continued today to arm for Sunday’s gathering. The one faction is known as the Heimwehr, which generally is called fascista, and the other is the Schutzbund, known as the Republic Defense league, which is socialist in origin. Vienna’s communist newspaper, “Red Flag”, today declared that the members of the Heimwehr have received a full allotment of revolvers and other weapons and urges that the rival socialist and communist group meet the “fascist challenge” with all the fury at their command.”

Background: Austria and Germany refined Balkan opium into morphine products that found customers in China until 1911. That year the Quing Dynasty was replaced by communistic and caudillo States strictly enforcing prohibition by decapitation. The resulting glut led to violent revolts in the Balkan States thanks in part to American backing of Chinese abstinence totalitarianism. Wars escalated, Germany and Austro-Hungary lost and the dry US replaced China as the dope dumping market. In 1928 Austria signed the U.S. designed 1925 Geneva Opium Convention. By 1929, the late Arnold Rothstein’s collapsing drug empire had hardened interception efforts even as similar efforts against beer wrecked the U.S. economy. U.S. alcohol markets amounted to roughly 5% of the entire economy as both markets crashed. (link) The value of other drugs is still a mystery, but large enough to rattle every heroin-exporting nation. (link)

When was the last time you read about the drastic Drug Prohibition Law Germany passed on 10DEC1929? How about the Narcotics Limitation Convention of 1931? Biden/Reagan laws of 1986 crashed economies from 1987 through 1992. Much of today’s culture warfare dates back to the 2008 asset-forfeiture crash. The Austrian culture war expanded until May 1945. ***

Good reading: 1931: Debt, Crisis and the Rise of Hitler, by Tobias Straumann (link). Like U.S. books written to explain away the Great Depression without once mentioning laws making beer a felony or agent seizures of bank and brokerage accounts, this one also elides all real causes. But the timelines match up. You can see, just as German Pharma saw, that Hoover’s Narcotics Limitation Convention wrecked the German economy, with ripple effects ruining other major producers. (link)


Republican policies cause major crashes

Find out the juicy details behind the mother of all economic collapses. Prohibition and The Crash–Cause and Effect in 1929 is available in two languages on Amazon Kindle, each at the cost of a pint of craft beer.

Brazilian Sci-fi from 1926 featuring the usual beautiful daughter of a scientist touting prohibition and racial collectivism in America’s Black President 2228 by Monteiro Lobato, translated by J Henry Phillips (link)

Three dollars on Amazon Kindle

Brazilian blog

LIBtranslator on Blogger

Tagged: individual rightslibertarianmimesisparasitismpolitical economy and ethical valuesSpoiler cloutwinning,


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