Kindred’s Special: Old and New Meet, or; Is Anything Really New or Just Rediscovered-Part 2

Many of you have requested that I expand on this theme for which I used chess as a means to reflect the above title. To continue in that same vein would be boring to you and me. Hence, I shall endeavor to elaborate a bit more from the financial studies of the Controllers of the Federal Reserve as best I can.

Like today’s unemployment figures that in reality jump from 10-30 percent in pockets across the country, the 1921 recession billed as 11+ percent had seen a sharp decline in salary income.  Both President Harding and VP Calvin Coolidge were constitutionalists as called and President Harding’s death brought to the White House the very capable Coolidge who was a brilliant constitutionalist and that wing of political influence continued until 1929 with a record less than 4 percent unemployment with no noticeable inflation. During his six-year presidency he did have to put up with Herbert Hoover who represented the relative new brand of political thought–the interventionist.  The federal spending shortly overreached what was considered a safety net; it soon became apparent that such spending policies did not work–it had not brought the freedom to see a strong economic recovery. FDR was in the White House following Hoover and he continued the Keynesian economic model pushed by the interventionist and for the next 50 years pursued this fallacy of governance.

One of the biggest scandals of all time was the Social Security System imposed upon workers. It was a typical Ponzi Scheme which Democrats pulled off because the death of citizens in those days was relatively short and they knew many who paid in to the coffers would never see a dime. It was assumed that the well would never run dry but probably overflow.  With this in mind the Social Security System was raided for years and red IOUs by the Congress really meant nothing.  A family smart enough to have saved $10,000 could have invested in a high yield dividend stock(s) and just leave it roll over with all dividends reinvested. It is estimated that over the course of a working life, that balance would exceed four million dollars and that money would belong to the worker and his family.  Because of mismanagement and what one might even call a fraud, the elected Congress that was controlled most of those years were Democrats and bamboozled the American public.

As I said, Calvin Coolidge may have been one of the greatest presidents ever for the very reason that he was a constitutionalist.  Many projects found it going down a deep dark well by big spending liberals. This was true of 1929 on and covered more than 50 years being dominated by the liberal elite.

We often hear and read praise heaped upon Ronald Reagan for his great leadership. But in a sense he was following the path started by Calvin Coolidge and a man to emulate in the White House.

With the election of  George Bush followed by Clinton and then again George W. Bush, the period of international concern grew through the often dictatorial policies and needs of the United Nations who grew more anti-American by chastising American policies.  This brought in 2008, the election of B. Obama who wielded a new strategy for dealing with the world politic. It often ran contrary to long-standing relationships among world leaders and countries. He is the biggest opportunist to ever sit in the White House, save perhaps FDR.  He may even hold the record for being the biggest liar and boaster of all presidents. Whether true or not, the media catering to his every wish and the elite rallying to his call, continues to leave a sour taste in my mouth and a pain in the butt.

Currently he is being hard pressed for returning for another 4-year term and his efforts keep going back to trying old tricks and old propaganda with a new twist which is just being rediscovered.


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