Title: Jimmy Carter's White House Diary Source:
[None] URL Source:https://www.youtube.com/watch?v=00PUmPvRENc Published:Sep 24, 2010 Author:60 Minutes Post Date:2019-09-29 14:06:33 by BTP Holdings Keywords:None Views:325 Comments:14
Lesley Stahl speaks to the former president about his new book, "White House Diary," in which he admits mistakes and blames Ted Kennedy for delaying comprehensive health care.
One thing is certain, the U.S. suffered from high inflation during that period. And I can recall the rise in gasoline prices and lines at the gas station. ;)
One thing is certain, the U.S. suffered from high inflation during that period. And I can recall the rise in gasoline prices and lines at the gas station. ;)
I thought the gas lines were 73-74 when OPEC embargoed. From the Carter years, yes high inflation, though I'm not sure how much was rightly blamed on him. Normally inflation is handled by the fed reserve, not by the president. In fact, it's Congress that controls spending authorization.
16 y.o. kids in my town were having to compete with layed-off auto and steel workers for jobs in early the '80s. As a long-haired snarky cripple I didn't stand a chance at landing one of those cushy corporate jobs like at Wendy's, so I got a job selling overpriced vacuum cleaners door-to-door.
#12. To: Dakmar, Lod, Pinguinite, BTPHoldings (#5)
The US was over populated by design to allow a large influx of Jews and others after the war. That forced us to buy imported natural resources. That sent oil much higher. Then in the 19603 Jews and Democrats went for unlimited legal and illegal immigration. That meant lower wages so Americans had to compete with foreign labor for the first time in history.
The FED had to create a lot money to paper through the bad times created by over population which led to inflation and high interest rates.
The Wall Street Elite deliberately over populated America. Study the writings of Leon Walras and Wassily Leontieff. The latter won a Nobel Prize in economics for his study of the American economy. He studied the inputs and outputs of American industry. Starting with an extractive industry like mining which outputs coal and iron. These outputs become inputs to the making of steel as an output. This steel in turn becomes an input to the making of cars and washing machines. Leontieff determined that American wages were a third higher than Europe because we had abundant natural resources to which we added value through the employment of skilled labor.
The fly in the ointment for the American economy was that when our population went above 150 million and we had to import natural resources for the first time. In 1950, we were supposed to cut wages to pay for imported natural resources. The people who owned the government decided to print money by the trillions to:
1) pay for foreign wars and the occupation of foreign lands
2) to buy things for free from overseas, such as, oil, cars, electronics, food, toys, clothes and even vacations paying for it all with I Owe You Nothing Federal Reserve Notes.They did this so voters would not know that the Elite had planned to cut the value of their wages, pensions and savings.
3) to hire 31 million federal, state and local government workers to make it appear that Americans had high paying jobs with benefits despite over population.
China is dumping US Treasury bonds all over the world financing ports, railroads, and other projects. One day in the near future people overseas will refuse to sell to us for dollars. They will demand commodities, oil, gold, silver or anything of value. 60% of all US dollars are overseas. Their forced repatriation will double prices over night and permanently cut the value of wages, pensions and savings in half.
3 million Americans starved to death in the 1930s. We have added 205 million people to this nation since then. I think the Elite want us to have a circular firing squad killing each other fighting for food. The Uber Rich would be safely tucked away in underground fortresses or so they hope.
Open Borders and sanctuary cities will get Americans killed by the tens of millions as soon as the Dollar Dies and wages and pensions are cut in half permanently through inflation and over population.
Might I point out that the population of Mexico in 1950 was 28 million. Today there are 34 million Mexican Americans and 132 million people in Mexico. Solving the over population problems of Latin America, Africa, the Mideast and Asia is way beyond our ability.