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Force Majeure Markets~ How long can this Alice in Wonderland Market ignore the numbers?
Second, Cost of Living
The Consumer Price Index CPI was defined down to reduce government cost of living adjustments.
FDR did similar in the 1933 when he violated the Constitution by Executive Order 6102 to confiscate Gold, repudiate Gold Contracts and vitiate the Constitutional gold, silver and copper mint coinage standards that had been in place since 1792.
http://en.wikipedia.org/wiki/Coinage_Act_of_1792
http://en.wikipedia.org/wiki/Executive_Order_6102
With Government by Emergency Edict, Congress and the Courts abrogated their duty to the people to defend and protect the Constitution.
They looked the other way while FDR and his adopted Norman Thomas socialist Princeton Presbyterian policies fiddled with our future.
http://en.wikipedia.org/wiki/Norman_Thomas
FDR, an Alpha Delta Phi Fraternity, Harvard Crimson President and graduate, admired his dashing cousin President Theodore Roosevelt.
With a busy social calendar, he dropped out of Columbia Law to become a Wall Street Corporate Attorney, and dropped out of Governor of New York to become President. Roosevelt means field of roses.
http://en.wikipedia.org/wiki/Franklin_D._Roosevelt
FDR remembered enough from Wall Street to increase the price of gold 75% from $20 an ounce to $35 an ounce, and decrease the value of the dollar 69% in 1933 to stimulate the economy with Keynesian rostrums.
Meanwhile, the Grand Depression played on.
Since no American could legally own gold, the man in the street did not notice a temporary 7% bump in the CPI as prices overall continued to decline during the Great Depression. He knew he was out of work. He sold apples, pencils, moved into a Boarding House or the Hooverville hobo life, not unlike today.
General Douglas MacArthur, first in his class at West Point in 1903, commanded a 1932 attack for Hoover on 43,000 civilian Bonus Marchers.
They were Veterans Survival Camping in Washington DC for their unpaid Service Certificates, with their families and their friends.
