Prohibition and spoiler votes

1922-3 no deposits till after nullification of dry laws

US v Sullivan, 1927, income tax looting causes slow, steady withdrawals

Prohibition–the constitutional product of the shotgun wedding of fanatical mysticism, socialist controls and eugenics theories–became reality and a nightmare all at once on the night of January 16th, 1920. Socialist candidate Eugene Debs got nearly a million votes in the showdown between the Dems (who got us into WW1) and God’s Own Prohibitionists (who insisted we stay in the War on Beer). Why? Because in 1916 Debs had said “There is too much prohibition.” 

German stocks crash as heroin export income taxable

Germany exported heroin and had U.S. plants in the 1920s

When the economy collapsed after 6 months of wartime prohibition plus 1 month of Constitutional prohibition, membership in communist organizations promptly doubled. But the Kleptocracy ignored reality in 1920-1923. Prosecutor Willebrandt didn’t, and got the Supreme Court to squelch the 4th and 5th Amendments and declare evidence from tax returns admissible for prohibition and evasion liability in mid-May of 1927. German stocks immediately went sour. Neither entrenched party published a repeal or modification plank, and in 1928, Dry Hope Hoover beat Whiskey Al Smith 5 to 1. The small looter parties were obviously no help to freedom–their platforms called for coercion. 

The Increased Penalties Act foisted onto Hoover destroyed the economy when ex-prosecutor Willebrandt (yes, the same lady) explained in over 20 nationally syndicated papers how income tax asset forfeiture would be used to enforce Prohibition laws. Federal Reserve bank balances also began dropping as soon as Willebrandt got the Supreme Court to scrap the Bill of Rights and use the income tax–copied from Karl’s Manifesto of 1848–to enforce prohibition. 

No surprise here. The addition of that same communist manifesto plank to a tariff bill in 1894–in violation of the Constitutional prohibition of capitation taxes–so completely destroyed the economy that the Supreme Court had to strike it down the following year in order to have banks at which to cash their own paychecks. When was the last time you saw or hear tell of this partially concealed newspaper story?

1 in 1000 blurred illegible

Druggan, Lake Indicted by U.S. as Tax Dodgers 14MAR1928–Markets panic

Moreover, the income-tax-as-bludgeon decision in US v Sullivan immediately coincided with a German bourse crash, while French stock exchanges also began falling for years to come. Markets went haywire when Druggan and Lake were grabbed by Internal Revenuers mid-March, 1928. The Liberal Party formed in 1930, drew up a wet plank which the Dems accepted with tears of gratitude, then won five consecutive elections while battling the National Socialist government Hoover’s 1931 Moratorium foisted onto Germany.

The outcome of that election was FDR beat Dry Hope Hoover 11 to 1, but the collapsing economy–officially unexplained–had opened the floodgates increasing communist party growth in These United States by a factor of ten by the time Ayn Rand formulated the Non-Aggression Agreement. 

Only by keeping the American people confused about Prohibition and The Crash have the subsidized media managed to keep voters mesmerized by subsidized Republicans who deny being fascist and subsidized Democrats who deny being communist. Then again, that’s what the Nixon law of 1971 pays them to do. Understanding how these looters wreck your retirement savings, then voting Libertarian to let them know the jig is up; that’s the road to recovery. Doing the right thing–using your leveraged LP spoiler vote to change bad laws–is winning. It’s your decision. 

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 blog

 

Prohibition and the Crash–guest appearance

Rand Paul voted to confirm Jeff Sessions

The following post The Drug Problems Jeff Sessions Complains About Are Caused By Prohibition appeared first on A Libertarian Future at A Libertarian Future – Spreading a Libertarian message across the internet.. Many libertarians were upset with Rand Paul for voting to confirm Jeff Sessions because the Attorney General has an enormous amount of leeway…

via The Drug Problems Jeff Sessions Complains About Are Caused By Prohibition — A Libertarian Future

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 blog

Then and now, asset forfeiture crashes

1987DJIAAccording to Ronald Reagan, on Thursday, September 11, 1986, lunch with VP George H.W. Bush was followed by a lengthy cabinet meeting over proposed prohibitionist legislation.

Those were the heady days of “Just Say No,” when the Soviet Union was going broke and the Reagan administration was looking for ways to cut off all sources of income for the communist empire. The 9/11 drug bill in question contained items like using the military to invade other countries to enforce prohibition, an extra hundred million dollars to hire a drug army, Federal funds for state prisons, and “introduction of illegally obtained evidence at criminal trials in cases where a police officer acting in good faith makes an error in a warrantless search situation” … “forfeiture of substitute assets“,  “drug tests for all U.S. government employees in “sensitive” positions” and so on.  Reagan signed the resulting bill and called it a “National Crusade.” The way these laws are written, they only take effect a year after they are signed. You wouldn’t want cause and effect close enough together to draw attention to the financial charts.

1932banksuspensionsThe same sort of thing had been happening 55 years earlier, Herbert Hoover was president, beer was a major felony, several large banks in New York City had been involved in financing illegal alcohol and drugs, and Ronald Reagan had just turned 20.

President Wilson’s son-in-law, William McAdoo, suggested that Congress pass a law confiscating all money owned by drug and alcohol operators. Pres. Hoover had already more than doubled the number of convicts in prison for victimless crimes. Money the government didn’t have was being appropriated for building new prisons and hiring hordes of agents an prosecutors.

In June 1932 the Senate passed the revenue act containing the asset forfeiture provisions, along with major tax hikes. Hoover lost the election in November, but would still be president until March 4, 1933. In the meantime banks for closing right and left because citizens, fearful of asset forfeiture confiscations, we’re removing all of their deposits, thereby contracting the amount of available credit. Tax revenue fell by nearly half before anyone had ever heard of the Laffer curve. Stockbrokers were only making money by selling short. Huge bootlegging and narcotics trials of wealthy and important defendants from arrests made back in 1928-1932 were running out of delaying tactics.

GOPNSDAPFinally, on December 13, 1932, President Hoover signed executive order 5970 –Inspection of Income Tax Returns–which allowed States to look at Federal income tax forms filed by corporations within their borders.

This was done quietly, with no fanfare in the newspapers. Few even realized what had happened until Hoover’s press conference of January 20 subtly spilling the beans. This realization dawned ten days before Hitler was named Chancellor of the same German Reich Hoover had nurtured and protected by his moratorium on war debt collections (the Moratorium on Brains). The House promptly cut off all funding for wiretaps and entrapment buying. Corporations began withdrawing money from banks, and over the course of the following month every single bank in the United States shut down even before Franklin D Roosevelt was sworn in to become President for Life and declare a “holiday,” complete with fines, imprisonment and forfeiture language.

Religious conservatives have since that time pronounced the word “liberal” (in favor of repealing prohibition) the way their German counterparts pronounced the words “liberal” and “Jewish” (meaning laissez-faire).  In the rest of the English-speaking world, liberal still means the same thing that it meant–-even to religious conservatives–-in America before 1932.

For a detailed analysis of the Crash and Depression buy Prohibition and The Crash, live on Amazon Kindle in two languages–for the cost of a competent pint.

ProhicrashAmazon

Prohibition and The Crash, on Amazon Kindle

Stay tuned for how these events relate to the Crash of 2007-8 and the ensuing Depression. Need an interpreter?
My other blog is in Brazilian