1927

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Germany's "Black Friday"

Germany's hyper inflation is finally under control. Unemployment is at reasonable levels and national production is good, but recently the stock market has experienced a boom, so the German national bank has demanded that short-term loans be reduced because too many leveraged stock purchases are dangerous to the economy. "Leveraging" means that people use loans to take advantage of bargains in stocks or to cover a margin call if a stock price falls. While leveraging makes the stock market run more smoothly, it is like a game of musical chairs. Everything goes great until the music stops. But if fewer people are playing this game, then it is less likely to hurt the overall economy. This seems reasonable, but when you can no longer take out a short-term loan to pay off your margin, you must sell off your other stocks quickly, usually at bargain prices. That causes other stocks to collapse, and other margins to be called. And so it goes. Germany's version of the "Federal Reserve" has zigged when it should have zagged. By next year a depression will hit and the Nazis will increase in power in response. [1]

My Take by Alex Shrugged
FYI, the guy running the Germany economy at the time became Adolf Hitler's financial advisor. I'm not suggesting a conspiracy, but the head banker was an ideologue. Regarding the hyperinflation of Germany, the Treaty of Versailles after World War 1 caused most of the problem by demanding reparations from Germany in hard currency, generally gold. After the War, hard currency was hard to come by except in the USA. Germany tried to buy gold using German marks, but what was the value of the mark based upon? German production in war-torn Germany was zip. Hyperinflation ensued, so the German people fled from paper money to commodities. In a sense, it was a barter economy, but more like micro economies within neighborhoods. Germany stabilized its economy once it had stable production and imposed strict rules regarding its currency. It was because of these ups-and-downs in the economy that people became interested in socialism and the Nazis (which were national socialists and eugenicists). [2]

Let's Hear from the Imbeciles... Our Supreme Court

The Supreme Court has ruled 8-to-1 that it is constitutional to sterilize its citizens for the good of the nation. Oliver Wendell Holmes Jr. writes the majority opinion. He is a "Boston Brahmin" which means he is the elite of the elites. There is an old Boston joke that says, "The Lowells talk only to Cabots, And the Cabots talk only to God." Holmes is descended from "Cabots" and while he enjoys a reputation as a fair-minded liberal, he is a confirmed eugenicist. He thunders from the bench his famous quote on eugenics, "Three generations of imbeciles are enough!" He is referring to Carrie Buck, her mother, and Carrie's baby. Exactly how science determined that a 6-month-old baby was an imbecile is a mystery, but science says so, so it must be true. And Carrie's defense lawyer is part of this charade. So it is remarkable that Holmes says with a straight face that, "There can be no doubt that so far as procedure is concerned the rights of the patient are most carefully considered." It is done. Carrie Buck will give birth no more. [3]

My Take by Alex Shrugged
75 years later, Virginia finally apologized for forcibly sterilizing 7,450 "unfit" people between 1927 and 1979. The only state to sterilize more was California. The rights of the innocent were ignored for the greater good of the master race even after Hitler's atrocities were revealed. Not long ago, the Fabian society's Virginia Ironside advocated killing handicapped babies in their cribs. Planned Parenthood began as a means to reduce the black population. Now it is chopping up aborted babies for body parts, and science. You see, science is pure, true and good. You don't question science. People complain about religious leaders being too certain they know what is good for you, but you have never met anyone more certain than a scientist. Frankly, scientists must be this way, so don't be too harsh on them, but when they want to impose their will on me for the greater good, that's when I get nervous. [4]

Fly Me to the Moon... or Paris

We are talking about the X-Prize for the first trans-Atlantic flight from New York to Paris. Money-wise it is $25,000 in negotiable bonds which is close to three-quarters of a million dollars in 2015. Charles Lindbergh has made the flight from San Diego to St. Louis in 14 hours, but he wants the big prize! He is risking his life in a real sense. Just a few weeks ago, two flyers were lost making the attempt. Charles Levine would have been first but he aborted his attempt after a court battle with the pilot. (Levine is the financial backer, but we'll hear more about him later.) A French aviator backed by Sikorsky should have already made it, but in their enthusiasm, the flight crew overloaded the massive tri-plane with gifts and trinkets, so it crashed on take-off. That leaves Charles who flies the US mail from point A to point B. On this Friday morning he takes off from Roosevelt Field piloting the single-engine Spirit of St. Louis, an experimental design based on the Ryan M-2 mailplane. He leaves behind his parachute and radio to save weight, but takes an inflatable raft. A little over 33 hours later, he lands in Paris to a hero's welcome. He will also receive the Medal of Honor as a US Army Air Corp reservist. [5] [6]

My Take by Alex Shrugged
And what about Mr. Levine? He was quite the promoter, and as he prepared the second flight across the Atlantic, he promised a special surprise. As the pilot waved to the crowd, suddenly Charles Levine stepped out and boarded the plane. He was going along too! His wife screamed, and off he went as the first passenger on a trans-Atlantic flight. And as you might guess from his last name, he was Jewish. The Jewish community rejoiced. Fame and fortune came his way, but it seemed to go to his head. Bad business investments, the Great Depression and too many people telling him how great he was, eventually destroyed his marriage. He turned to smuggling, spent a couple of years in prison, and died at the age of 94. There is a lesson in there somewhere... like... listen to your wife next time? [7] [8] [9] [10]

Notable Births

  • Pope Benedict the 16th (Living): Joseph Ratzinger is not yet Pope, but he will be. [11]
  • Robert Bork: His Supreme Court nomination will be rejected so viciously that "Borked" will become a verb. [12]
  • Cesar Chavez: Co-founder of United Farm Workers union. "Sí, se puede!" (My father loved this guy. Me? Less so.) [13]
  • And in entertainment...
  • -- Robert Ludlum: Author of the Jason Bourne trilogy. [14]
  • -- Peter Falk: "Grandpa" in The Princess Bride and the bumbling Detective Columbo. [15]
  • -- Pat Paulsen: Comedian running for President with the slogan: "Just a common, ordinary, simple savior of America's destiny." [16]

**Note: (Living) means they were alive when I checked on 2017-Jan-9.

In Other News

  • Airplanes are first used to "dust" crops. Insecticide is sprayed on the forests of Canada. [17]
  • The "Iron Lung" is developed. It will save the lives of polio victims in respiratory failure. It will also be the reason Darth Vader breathes like that. [18] [17] [19]
  • Stuart Chase meets Stalin. So what? Chase will be the designer of FDR's "New Deal" to save America from godless socialism by using socialism-lite: Fewer dead people, More power for politicians. [20] [21] [22]

This Year in Wikipedia

Year 1927, Wikipedia.

See Also

References

  1. Microsoft Word - Weimar timeline.doc - weimar_timeline.pdf. pdf.js (2016). Retrieved on 9 January 2017. “Economy picks up; foreign loans resume; production reaches 1913 level, though distribution is unequal; modest unemployment insurance plan approved; big Junker estates survive resettlement; conflicts over religion continue to republican parties; Nation alists enter cabinet; accept 'legal validity' of Weimar Constitution”
  2. Economic history: Germany's hyperinflation-phobia - The Economist. economist.com (November 15, 2013). Retrieved on 9 January 2017. “A study of hyperinflation published earlier this year by the British historian Frederick Taylor has confirmed that the Nazis benefitted much more from deflation than they did from rising prices. Although hyperinflation played a role in destabilising German politics and weakening its institutions in the 1920s, it was deflation and depression during the early-1930s that 'brought the toxic plant into fruit' in the form of Nazism.”
  3. Cohen, Adam. Imbeciles: The Supreme Court, American Eugenics, and the Sterilization of Carrie Buck. Penguin Press. “It was the legendary Oliver Wendell Holmes who wrote the 1927 ruling, and he included in it one of the most brutal aphorisms in American jurisprudence. Holmes, the Harvard-educated scion of several of Boston's most distinguished families, was scornful of the poorly educated Carrie and her working-class mother. Based on scant information about the two Buck women--and about Carrie's daughter, who was a small child at the time--he famously declared: "Three generations of imbeciles are enough."” 
  4. Virginia Ironside on child suffering (Fabian society). YouTube.com. (VIDEO) Note: This video seems to be taken down regularly on YouTube so do a search on the YouTube site for the latest upload of this shockingly matter-of-fact argument for smothering handicapped babies in their beds.
  5. Spirit of St. Louis - Wikipedia (2016). Retrieved on 9 January 2017. “Officially known as the 'Ryan NYP' (for New York to Paris), the single engine monoplane was designed by Donald A. Hall of Ryan Airlines and was named the 'Spirit of St. Louis' in honor of Lindbergh's supporters from the St. Louis Raquette Club in his then hometown of St. Louis, Missouri. To save design time, the NYP was loosely based on the company's 1926 Ryan M-2 mailplane with the main difference being the 4,000 mile range of the NYP and, as a non-standard design, the government assigned it the registration number N-X-211 (for 'experimental'). Hall documented his design in 'Engineering Data on the Spirit of St. Louis' which he prepared for the National Advisory Committee for Aeronautics (NACA) and is included as an appendix to Lindbergh's 1953 Pulitzer Prize winning book, The Spirit of St. Louis.”
  6. Orteig Prize - Wikipedia (2017). Retrieved on 9 January 2017. “May 10 - May 12 - Repositioning his $10,000 Ryan monoplane, Spirit of St. Louis, to Curtiss Field, in New York, Charles A. Lindbergh sets a new North American transcontinental speed record. May 11 - Byrd's financial backers forbid the group to fly until Nungesser and Coli's fate is known. May 15 - Lindbergh completes test flights. The Spirit of St. Louis total flight time is only 27 hours, 25 minutes, less than the predicted time of the Atlantic crossing. May 17 - Planned transatlantic flight of Lloyd W. Bertaud and Clarence D. Chamberlin was cancelled after an argument between the two fliers and their chief backer, Charles A. Levine. May 19 - Lindbergh has his aircraft moved to the longer runway at Roosevelt Field, Byrd having offered him its use, and prepares to fly the next morning. May 20 - Lindbergh takes off, requiring ground crew to push the Spirit of St. Louis, which is flying for the first time with a full load of fuel, but no parachute, radio or sextant to save weight. May 21 - Lindbergh captures the Orteig Prize, making the first solo transatlantic flight, in 33½ hours.”
  7. "Charles A. Levine, 94, Is Dead - First Trans-Atlantic Air Passenger - NYTimes.com", December 18, 1991. Retrieved on 9 January 2017. “To revive interest in the flight, Mr. Levine announced that Mr. Chamberlin would fly nonstop to Berlin, taking off June 4 with a mystery passenger -- who turned out to be himself. Record for Nonstop Flight” 
  8. Introduction: Charles A. Levine. yiddishradioproject.org (2017). Retrieved on 9 January 2017. “Levine (center), with Chamberlin (left) and Maurice Drouhin (right). Later in the summer of 1927, Levine hired Drouhin to fly him back from Europe to the US. When the flight was cancelled, Levine flew solo from France to London to avoid paying Drouhin his $4,000 forfeit fee.”
  9. Charles A. Levine - Wikipedia (2017). Retrieved on 9 January 2017. “After a series of bad business investments and losses in the stock market crash of 1929, Levine was sued by the federal government for a half-million dollars in back taxes. In 1930, his Columbia Air Liners Inc. built the 'Uncle Sam,' a large aircraft with range to fly around the globe. It performed poorly, logging only twelve flights. The 'Uncle Sam' and two other company planes were auctioned off in 1931 for $3000 for back hangar rent. It was destroyed days later in a hangar fire with the instruments and engine removed beforehand.[12][13] Levine was already missing at the time of the auction with a warrant for his arrest alleging he had stolen stock.”
  10. Alex Shrugged notes: I heard about Mr. Levine on the Yiddish Radio Project. My reflections are from what I remember from the radio program. Any errors are my own.
  11. Pope Benedict XVI - Wikipedia (2017). Retrieved on 9 January 2017. “Benedikt XVI; born Joseph Aloisius Ratzinger;”
  12. Robert Bork - Wikipedia (2017). Retrieved on 9 January 2017. “In 1987, President Ronald Reagan nominated him to the Supreme Court, but the U.S. Senate rejected his nomination.”
  13. Cesar Chavez - Wikipedia (2017). Retrieved on 9 January 2017. “co-founded the National Farm Workers Association (later the United Farm Workers”
  14. Robert Ludlum - Wikipedia (2016). Retrieved on 9 January 2017. “Robert Ludlum (May 25, 1927 – March 12, 2001) was an American author of 27 thriller novels, best known as the creator of Jason Bourne from the original The Bourne Trilogy series.”
  15. - Wikipedia (2017). Retrieved on 9 January 2017. “In 1968, Falk starred with Gene Barry in a ninety-minute television movie about a highly skilled, laid-back detective. Columbo eventually became part of an anthology series titled The NBC Mystery Movie, along with McCloud, McMillan & Wife and Banacek.”
  16. Pat Paulsen - Wikipedia (2016). Retrieved on 9 January 2017. “Paulsen was approached by the Smothers Brothers with the idea of running for President in 1968. His reply, he was later to recount, was, 'Why not? I can't dance—besides, the job has a good pension plan and I'll get a lot of money when I retire.' The dance crack was a reference to actor/dancer George Murphy, then a U.S. Senator representing California.”
  17. 17.0 17.1 Grun, Bernard. The Timetables of History: A Horizontal Linkage of People and Events. Simon and Schuster, 492-495. 
  18. Iron lung - Wikipedia (2017). Retrieved on 9 January 2017. “The first clinical use of the Drinker respirator on a human was on October 12, 1928, at the Boston Children's Hospital.[7][11] The subject was an eight-year-old girl who was nearly dead as a result of respiratory failure due to polio.[9] Her dramatic recovery, within less than a minute of being placed in the chamber, helped popularize the new device.”
  19. Why Does Darth Vader Breathe Like That? - Nerdist (April 7, 2016). Retrieved on 9 January 2017. “So Vader’s suit could be a giant BiPAP or Bi-level Positive Airway Pressure machine—a machine that makes it easier for people with chronic respiratory conditions to breathe by changing the pressure of the air inside a mask. When Vader breathes out, the suit is at a low pressure, and when he breathes in the interior atmosphere is at a higher pressure. This difference would effectively force (haha) air into and out of his lungs.”
  20. Stuart Chase - Wikipedia (2016). Retrieved on 8 December 2016. “In 1927, Chase traveled to the Soviet Union with members of the First American Trade Union Delegation and was the co-author of a book that praised the Russian experiments in agricultural and social management.”
  21. Beck, Glenn. Liars: How Progressives Exploit Our Fear for Power and Control. Simon & Schuster Audio. 
  22. Alex Shrugged notes: I was tipped off to Stuart Chase from Glenn Beck's book "Liars".

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