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

Dry Dixieland 1913

Government Gunmen for God and Good

We know best how to run your life

Long before Ayn Rand drafted the Non-Aggression Pledge, white Dixie Democrats were hard at work collecting signatures on a pro-life promise to point loaded guns at people. This they regarded as their deontological duty seven years before Christian National Socialism was even invented, and six years before George Wallace was born.

Godliness at Gunpoint!

The Pro-Aggression Pledge of Their Neighbors’ Keepers

Within a year, the Harrison Tax Act would reach out with censorship of advertising, just as the same mentality manages to do today. These holy warriors for the Comstock laws got their power in many states before the Prohibition Amendment brought forth the Crash and Great Depression.

Naturally prohibitionists were surprised, and of course they seek to banish the thought or suggestion that sending government gunmen into banks and brokerages to confiscate accounts could possibly cause money to be withdrawn into hoarding until the fractional-reserve currency system collapsed into an economic black hole. The very suggestion elicits puzzlement that such a thought could be seriously entertained. But the thought is indeed entertaining and will enlighten your understanding of economics and how economics applies to today’s prohibitionism.

For more on how bipartisan prohibitionism crushed the U.S. economy and brought on the Great Depression, why not download Prohibition and The Crash–Cause and Effect in 1929? The book is live on Amazon Kindle and you can read it on a cellphone in your choice of language for the cost of a craft pint at a pub.

cause and effect

Prohibition and The Crash, on Amazon Kindle

simultaneous interpreting, legal and financial

Divide and Conquer

Totalitarians and Libertarians understand that freedom is indivisible. Those that value it seek to preserve it intact, and those that despise it try to extirpate it root and branch. Yet there are many who struggle to evade this realization. A single example will suffice.

16 Then came there two women, Equality and Faith, that were voters, unto the Chancellor, and stood before him, one on his Left and the other on his Right

17 And the leftmost woman, Equality said, O my lord, I and this woman Faith dwell in one house; and I was delivered of a child, named Sharing, with her in the house.

18 And it came to pass the third day after that I was delivered, that this woman was delivered also: and we were together; there was no stranger with us in the house, save we two in the house.

19 And this woman’s child, named Righteousness, died in the night; because she overlaid it.

20 And she arose at midnight, and took my Sharing from beside me, while thine handmaid slept, and laid it in her bosom, and laid her dead child, Righteousness, in my bosom.

21 And when I rose in the morning to give my Sharing suck, behold, it was dead: but when I had considered it in the morning, behold, it was not my Sharing, which I did bear.

22 And the other woman said, Nay; but the living is my Righteousness, and the dead is thy Sharing. And this said, No; but the dead is thy Righteousness, and the living is my Sharing. Thus they spake before the Chancellor.

23 Then said the Chancellor, The one saith, This is my son that liveth, and thy son is the dead: and the other saith, Nay; but thy son is the dead, and my son is the living.

24 And the Chancellor said, Bring me a sword. And they brought a sword before the Chancellor.

25 And the Chancellor said, we must compromise. Divide the living child in two, and give half to the one, and half to the other.

26 Then spake both women and said, Let this be settled by unselfish compromise, the common good before the individual good, and divide it, for half of Sharing or Righteousness is better than none at all. Any other view is unequal and extreme

27 Then the Chancellor answered: divide the child in half.

28 But another woman, Liberty, protested this was monstrous, saying Equality had no more just power to deprive Faith of her precious child than Faith had to deprive Equality of hers. Then all three turned to Liberty. The Chancellor told her she was not invited to the debate–and the child was cut in half.

29 And all Germany heard of the judgment which the Chancellor had judged; and they feared the Chancellor: for they saw that the wisdom of God was in him, to do judgment with integrity, as in the Twenty-Five Points, and that he would relentlessly seek the implementation of these points, if necessary at the cost of their lives.

Totalitarians (no rights or freedom) & Libertarians (yes rights & freedom) are consistent

Mixed economy advocates (yellow) believe freedom is divisible

I hope you understood this parable on how the mixed-economy, Left&Right socialists sacrifice all principles and integrity to take from others what they value, and the Libertarian Upper quadrant and Totalitarian Lower quadrant remain true to their values and principles. Remember that clarity next time you need a translator. Oh, and be SURE you remember what the Left-Right Socialist parties say about each other when you see LIB on the ballot.
My other blog is usually in Portuguese.

For more on how bipartisan prohibitionism crushed the U.S. economy and brought on the Great Depression, why not download Prohibition and The Crash–Cause and Effect in 1929? The book is live on Amazon Kindle and you can read it on a cellphone for the cost of a craft pint at a pub.

cause and effect