Eye-opening Road Trip

Author Topic: Eye-opening Road Trip  (Read 5774 times)

Offline HP2

  • Resident
  • *****
  • Posts: 4478
Re: Eye-opening Road Trip
« Reply #15 on: June 30, 2013 - 03:22:20 PM »
Wilson created the Federal Reserve in 1913 in violation of mandate that only congress can print money. In 1933 FDR Federalized all gold deposits and suspended the gold standard until the end of WW2. In 1944 the Bretton Woods conference pegged all foreign currency to dollars and all oil trade was done in dollars. Dollars still tracked to gold values. In 1971, Nixon signed legislation to formally remove all vesitiges of gold pegging and began selling off reserves. Gold pricing had been ranging from $30-40 an ounce up until 1970. by 1975, it was at $150 and by 1980 gold was over $500 an ounce.




Offline 'Cuda Hunter

  • Sr. Resident
  • ******
  • Posts: 9102
  • Tastes Like Chicken
Re: Eye-opening Road Trip
« Reply #16 on: June 30, 2013 - 03:51:25 PM »
Gold pricing had been ranging from $30-40 an ounce up until 1970. by 1975, it was at $150 and by 1980 gold was over $500 an ounce.

Why such an increase in price over such a small amount of time?
"All riches begin as a state of mind and you have complete control of your mind"  -- B. Lee

Offline HP2

  • Resident
  • *****
  • Posts: 4478
Re: Eye-opening Road Trip
« Reply #17 on: July 07, 2013 - 02:29:05 PM »
Because we were no longer required to hold gold reserves against printed currency, or fractional reserves that required the US Government to hold $.35 worth of gold for every $1 printed. The US dollar became a fiat currency who's value was all based on faith of payment. Removing reserves to back up the dollar led to US inflation. US inflation caused interest rates to rise. When inflation rises, people begin to buy gold as a hedge against the inflation and it becomes a self serving downward spiral that led to double digit home interest rates and run away gold pricing. Currently, the dollar has lost over 80% of its value of 1970 because of inflation.

This run away inflation had a bigger impact on killing muscle cars than most would ever know or admit. If all of it was due only to increasing insurance rates people, would have just paid them. Combine increasing insurance rates with the inflationary pressure of oil pricing driving up gasoline costs, and huge jumps in cost of living, and the last thing poeple worried about where fast cars. Anyone on here remember when a home loan interest rate was 15% or more? If that going on today, would you chose to keep your house or your car?

Offline Gumby

  • Sr. Member
  • ****
  • Posts: 1397
Re: Eye-opening Road Trip
« Reply #18 on: July 07, 2013 - 10:21:57 PM »
Thank you HP2 for the history lesson. I know that back in the 80s, I only earned about $22,000 or so a year. Yet I was able to buy a new 87 Buick Grand National and was buying a mobile home, and had money left over. I'm making much more now, but don't have any money left over at all. And I'm sure as heck not paying on any new car or the insurance. When I first bought my house, it was for 30 years at 15% int. I finally got it down to 15 years at 5% interest after a couple of years into ownership. The older I get, the more money I make, and the less I have to show for it. In the 80s, smokes were $1.00 a pack. Now they are around $7.00 a pack. Gas was $0.75 a gallon, now it is $4.00 (well it has come down a bit), Groceries - Kraft Mac and Cheese was 4 for a dollar. Now they are well over a dollar for ONE BOX. you get the idea...
{oo/-------\oo} In '69 I was twenty-one and I called the road my own. I don't know when that road turned into the road I'm on. Jackson Browne

Offline HP2

  • Resident
  • *****
  • Posts: 4478
Re: Eye-opening Road Trip
« Reply #19 on: July 09, 2013 - 10:37:18 AM »
My pleasure.  Inflation is an insidious beast that devalues everything all of us cherish. Its not a republican or democrat problem, its simply a government problem. Unfortunately the way we got to where we are at now is long, convoluted, and has so many layers to it, it can take months or years of reading to understand it all.  However, a lot of it all comes down to a few simply issues; allowing a private entity to provide our money, a government that doesn't care that that have to pay interest on that money, and fractional reserve banking that allows them to create the money out of nothing.  Get rid of those three things and our fortunes would all improve, especially those small, rural communities the OP asked about.

Offline HP_Cuda

  • Hit the skinny little pedal on the right!
  • Sr. Resident
  • ******
  • Posts: 5268
  • Mopar or No Car!
Re: Eye-opening Road Trip
« Reply #20 on: July 09, 2013 - 12:22:17 PM »

Actually FDR made it illegal to own gold in 1933 by ordinary citizens:
http://en.wikipedia.org/wiki/Executive_Order_6102

and then a short time later set the price of gold from $20 an ounce to $35 dollars an ounce - anyone say profit deal?

I think everyone should look up this word - Plutocracy and ask themselves where the new Teddy Roosevelt is? Unfortunately I don't see anyone on the horizon that can effect this change in this era unfortunately.

 :bricks1:
1970 Cuda Clone 440 4 speed - sublime green
1970 Cuda 383 4 speed - yellow - SOLD

Offline brads70

  • C-C.com Expert
  • ********
  • Posts: 18747
Re: Eye-opening Road Trip
« Reply #21 on: July 09, 2013 - 07:30:24 PM »
Actually FDR made it illegal to own gold in 1933 by ordinary citizens:
http://en.wikipedia.org/wiki/Executive_Order_6102

and then a short time later set the price of gold from $20 an ounce to $35 dollars an ounce - anyone say profit deal?

I think everyone should look up this word - Plutocracy and ask themselves where the new Teddy Roosevelt is? Unfortunately I don't see anyone on the horizon that can effect this change in this era unfortunately.

 :bricks1:


I googled it as you suggested....
https://en.wikipedia.org/wiki/Plutocracy
Has lots to say about the USA......
Brad
1970 Challenger 451stroker/4L60 auto OD
Barrie,Ontario,Canada
Proud to own one of the best cars ever made!!!!!

My restoration thread 
http://www.cuda-challenger.com/cc/index.php?topic=59072.0
 My handling upgrade post
http://www.cuda-challenger.com/cc/index.php?topic=73985.0

Offline 'Cuda Hunter

  • Sr. Resident
  • ******
  • Posts: 9102
  • Tastes Like Chicken
Re: Eye-opening Road Trip
« Reply #22 on: July 09, 2013 - 08:15:43 PM »
yes, thanks Hp.

No, I don't remember any of this. I wasn't there.  That's why I ask.


"All riches begin as a state of mind and you have complete control of your mind"  -- B. Lee

Offline HP2

  • Resident
  • *****
  • Posts: 4478
Re: Eye-opening Road Trip
« Reply #23 on: July 10, 2013 - 12:18:25 PM »
I googled it as you suggested....
https://en.wikipedia.org/wiki/Plutocracy
Has lots to say about the USA......


Here is another take on it using a different word...
https://en.wikipedia.org/wiki/Oligarchy
This can be very germain as you could point to any number of elected representatives who aren't necessarily part of a Plutocracy because their personal worth is not substantial, but combine them with the components of a Plutocracy in the form of Government and you end up with an Oligarchy. 

The crappy thing about it is that the minions within the Government tend to make this all look like a Democrat and Republican issue. The reality is they are both using the financial systems as a means to their own ends  to further their agendas and the middle class is left holding the bag for it all while our ability to have a secure future is eroded. If you want some interesting reading then search using words "right, left, oligarchy" and you can find plenty of material about how both parties are playing the ends against the middle by using the financial systems to do it.

For a differing discussion of left vs right and for a view into the thought process of how the US was originally formed as a constitutional republic and not a democracy, consider the point of view of the control a government has over its people as the scale. In this model, the left is totalitarian control over a people, the right is chaos as a lack of any control. http://www.key2liberty.com/governments01.php  Back in Eighteenth Century there was not the sharp Democrat/Republican divide like there is today. They actually were a joint party competing against Royalist, Federalists, Whigs, Torys, Constitutionalists, Anti-Establishment and a few fringe parties on top of those. Right and left had an entirely different concept to it back when there were that many active and equally powerful political parties within a system. We've all been duped by the partisan right-left fight.

Offline GranCuda1970

  • Sr. Resident
  • ******
  • Posts: 5515
  • Rev 20:4. Mat 6:33 John 1:3 Mat 26:41
Re: Eye-opening Road Trip
« Reply #24 on: July 20, 2013 - 10:59:48 AM »
 :iagree:

Offline burnt orange

  • Full Member
  • ***
  • Posts: 782
Re: Eye-opening Road Trip
« Reply #25 on: July 22, 2013 - 01:55:43 PM »
And I didn't even go to Detroit!
http://theeconomiccollapseblog.com/archives/25-facts-about-the-fall-of-detroit-that-will-leave-you-shaking-your-head

1) At this point, the city of Detroit owes money to more than 100,000 creditors.

2) Detroit is facing $20 billion in debt and unfunded liabilities.  That breaks down to more than $25,000 per resident.

3) Back in 1960, the city of Detroit actually had the highest per-capita income in the entire nation.

4) In 1950, there were about 296,000 manufacturing jobs in Detroit.  Today, there are less than 27,000.

5) Between December 2000 and December 2010, 48 percent of the manufacturing jobs in the state of Michigan were lost.

6) There are lots of houses available for sale in Detroit right now for $500 or less.

7) At this point, there are approximately 78,000 abandoned homes in the city.

8) About one-third of Detroit's 140 square miles is either vacant or derelict.

9) An astounding 47 percent of the residents of the city of Detroit are functionally illiterate.

10) Less than half of the residents of Detroit over the age of 16 are working at this point.

11) If you can believe it, 60 percent of all children in the city of Detroit are living in poverty.

12) Detroit was once the fourth-largest city in the United States, but over the past 60 years the population of Detroit has fallen by 63 percent.

13) The city of Detroit is now very heavily dependent on the tax revenue it pulls in from the casinos in the city.  Right now, Detroit is bringing in about 11 million dollars a month in tax revenue from the casinos.

14) There are 70 "Superfund" hazardous waste sites in Detroit.

15) 40 percent of the street lights do not work.

16) Only about a third of the ambulances are running.

17) Some ambulances in the city of Detroit have been used for so long that they have more than 250,000 miles on them.

18) Two-thirds of the parks in the city of Detroit have been permanently closed down since 2008.

19) The size of the police force in Detroit has been cut by about 40 percent over the past decade.

20) When you call the police in Detroit, it takes them an average of 58 minutes to respond.

21) Due to budget cutbacks, most police stations in Detroit are now closed to the public for 16 hours a day.

22) The violent crime rate in Detroit is five times higher than the national average.

23) The murder rate in Detroit is 11 times higher than it is in New York City.

24) Today, police solve less than 10 percent of the crimes that are committed in Detroit.

25) Crime has gotten so bad in Detroit that even the police are telling people to "enter Detroit at your own risk".
< ° ) ) >< 

Offline RCCDrew

  • Sr. Member
  • ****
  • Posts: 1380
Re: Eye-opening Road Trip
« Reply #26 on: August 04, 2013 - 12:47:13 AM »
Speaking o a road trip, I am currently making a road trip to Vegas via Colorado. I can tell you that almost all of  Texas and New Mexico are booming with oil field work.

Offline 1970GranCoupeConvert

  • Jr. Member
  • **
  • Posts: 75
Re: Eye-opening Road Trip
« Reply #27 on: August 04, 2013 - 10:30:51 AM »
These United States are confronted with an economic affliction of great proportions.  It distorts our economic decisions, penalizes thrift, and crushes the struggling young and the fixed-income elderly alike. It threatens to shatter the lives of millions of our people.

Idle industries have cast workers into unemployment, human misery, and personal indignity. Those who do work are denied a fair return for their labor by a tax system which penalizes successful achievement and keeps us from maintaining full productivity.

But great as our tax burden is, it has not kept pace with public spending. For decades we have piled deficit upon deficit, mortgaging our future and our children's future for the temporary convenience of the present. To continue this long trend is to guarantee tremendous social, cultural, political, and economic upheavals.

You and I, as individuals, can, by borrowing, live beyond our means, but for only a limited period of time. Why, then, should we think that collectively, as a nation, we're not bound by that same limitation? We must act today in order to preserve tomorrow.

The economic ills we suffer have come upon us over several decades. They will not go away in days, weeks, or months, but they will go away. They will go away because we as Americans have the capacity now, as we've had in the past, to do whatever needs to be done to preserve this last and greatest bastion of freedom.

In this present crisis, government is not the solution to our problem; government is the problem.

From time to time we've been tempted to believe that society has become too complex to be managed by self-rule, that government by an elite group is superior to government for, by, and of the people. Well, if no one among us is capable of governing himself, then who among us has the capacity to govern someone else?

We hear much of special interest groups. Well, our concern must be for a special interest group that has been too long neglected. It knows no sectional boundaries or ethnic and racial divisions, and it crosses political party lines. It is made up of men and women who raise our food, patrol our streets, man our mines and factories, teach our children, keep our homes, and heal us when we're sick -- professionals, industrialists, shopkeepers, clerks, cabbies, and truckdrivers. They are, in short, ``We the people,'' this breed called Americans.

It is no coincidence that our present troubles parallel and are proportionate to the intervention and intrusion in our lives that result from unnecessary and excessive growth of government. It is time for us to realize that we're too great a nation to limit ourselves to small dreams. We're not, as some would have us believe, doomed to an inevitable decline. I do not believe in a fate that will fall on us no matter what we do. I do believe in a fate that will fall on us if we do nothing. So, with all the creative energy at our command, let us begin an era of national renewal. Let us renew our determination, our courage, and our strength. And let us renew our faith and our hope.

January 20, 1981

Now here we are thirty years later and we have bigger problems, bigger debt, and a MUCH BIGGER GOVERNMENT.

If government was not so great at solving our problems back then...why would we be surprised that with our current huge government are our problems even bigger??? 

Because government (no matter who is running the show) can only do the following things really well:

Lie like it is going out of style
Spend money like it is going out of style
Go into more debt like it is going out of style
Blow up/destroy stuff like it is going out of style
Burden the citizens (who are supposed to be the owners of the country) like it is going out of style
Repeat

Nobody can argue with the SIMPLE FACT that is being proven with each passing year...
BIGGER GOVERNMENT= LESS HAPPY PEOPLE

 :villagers: :villagers: :villagers: :villagers: :villagers: :villagers: :villagers: :villagers:
1970 Plymouth Barracuda Gran Coupe Convertible
First Car (purchased in October 1985)
Drove it throughout high school and early college (still do)
Full Frame off (K frame off) Rotisserie Restoration completed in 1991
Originally (and still is) a Rally Red, Black top with Charcoal/Silver Interior
340 CID with Holley Pro-Jection 4Di
LA 727 GearVendor  Overdrive
390:1 8 3/4 Rear end
Rally Rims (color matched)

Offline burnt orange

  • Full Member
  • ***
  • Posts: 782
Re: Eye-opening Road Trip
« Reply #28 on: August 04, 2013 - 11:25:30 AM »
 :iagree:

Who is your quote by?

Isn't it a sad thing, simply by posting a quotation like this will get you noticed by the NSA and put onto a Homeland Security watchlist!
< ° ) ) >< 

Offline 1970GranCoupeConvert

  • Jr. Member
  • **
  • Posts: 75
Re: Eye-opening Road Trip
« Reply #29 on: August 04, 2013 - 11:28:04 AM »
 :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley: :roflsmiley:
1970 Plymouth Barracuda Gran Coupe Convertible
First Car (purchased in October 1985)
Drove it throughout high school and early college (still do)
Full Frame off (K frame off) Rotisserie Restoration completed in 1991
Originally (and still is) a Rally Red, Black top with Charcoal/Silver Interior
340 CID with Holley Pro-Jection 4Di
LA 727 GearVendor  Overdrive
390:1 8 3/4 Rear end
Rally Rims (color matched)