GLEANINGS FROM THE PASSIN WEEK … (Politically Uncorrected)

From the weeka;

The church: Is the Pole retiring? (Report)

The pandemic: New study suggests masks slighty raise deaths (Report)

Ukraine: Military rebelling against commanders (Article)

U.S. baby formula shortage imposed by government was unnecessary (Article)

Food processors plants catching fire at an astonishing rate (Report)

The U.S. Economy: Price controls are coming – then digital dollars? (Article)

More U.S. economy: The Federal Reserve’s gold problem (Article)

Global food shortages: Blame governments (Article)

The war on the Internet: The StarLink threats (Article)

Science: Promising cancer drug producing impressive results in tests (Report)

Finance: Japan’s yen first major victim of modern monetary theory? (Article)

China: Adding pirates to the navy (Article)

Ukraine tries marine improvisation (Article)

COVID Vaccination: Too many heathy young people dying after shots (Article)

U.S. Social Security:  Face reality now or let it fall upon us later? (Article)

Nigeria: Road warriors and highway robbery (Article)

NATO: Doing Chamberlain, Churchill or both? (Article)

Science: Breakthrough allows molecular switches at room temperature; huge for computers, batteries (Report)

Super orm that eats plastic (Report)

 Ukraine: Summer of starvation or salvation (Article)

Chicago: 5 dead, 27 wounded in weekend shootings (Report)

A naked man and woman (with a towel) were arrested while showering (Report)

And that’s all …

EDITORIAL:         Who Dunnit In The U.S.?

In 1937, a new Chevrolet could be had for $750 and fueled with gasoline that cost about 11cents per gallon in Los Angeles. A ten room, 3 bath house could be custom built then for some $10,000 in a nice part of the city. And a skilled workman expected to support a housewife and kids. Few seem interested in explaining how that has disappeared in favor of today’s reality.

It is a simple explanation: President Wilson (D) approved the Federal Reserve Act, President Roosevelt (D) approved devaluation of the dollar and its divorce from the gold standard and President Nixon (R) approved the gold standard’s final abandonment. The U.S. dollar has gone from good as gold to a politician’s confidence game.  And irrespective of party, it is the Congressional politicians whose profligate borrowing, spending and inflating of the currency have deprived us of all of that value.

About Jack Curtis

Suspicious of government, doubtful of economics, fond of figure skating (but the off-ice part, not so much) Couple of degrees in government, a few medals in figure skating; just reading and suspicion for economics ...
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s