The Burbank Tribune (Grandpa White's newspaper in the 1920's)
THE RISING COST OF LIVING OVER THE DECADES
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I want to know, does anybody ever question this? Why?
There is an old saying, “If it works, don’t fix it”.. but everyone is always trying to fix it and now look where we are! “FIAT MONEY’…
On June 5, 1933, the United States went off the gold standard, a monetary system in which currency is backed by gold, when Congress enacted a joint resolution nullifying the right of creditors to demand payment in gold. The United States had been on a gold standard since 1879, except for an embargo on gold exports during World War I, but bank failures during the Great Depression of the 1930s frightened the public into hoarding gold, making the policy untenable.
John Maynard Keynes, the famous economist, once wrote, in “The Economic Consequences of the Peace”:
“There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”
Thomas Paine called for the strongest penalties for an official who might connive at going off the gold standard:
“As to the assumed authority of any assembly in making paper money, or paper of any kind, a legal tender, or in other language, a compulsive payment, it is a most presumptuous attempt at arbitrary power. There can be no such power in a republican government: the people have no freedom — and property no security — where this practice can be acted: and the committee who shall bring in a report for this purpose, or the member who moves for it, and he who seconds it merits impeachment, and sooner or later may expect it.”
Paine called for the strongest penalties for an official who might connive at going off the gold standard:
“As to the assumed authority of any assembly in making paper money, or paper of any kind, a legal tender, or in other language, a compulsive payment, it is a most presumptuous attempt at arbitrary power. There can be no such power in a republican government: the people have no freedom — and property no security — where this practice can be acted: and the committee who shall bring in a report for this purpose, or the member who moves for it, and he who seconds it merits impeachment, and sooner or later may expect it.”
The Bretton Woods system of monetary management established the rules for commercial and financial relations among the world’s major industrial states in the mid-20th century. The Bretton Woods system was the first example of a fully negotiated monetary order intended to govern monetary relations among independent nation-states.
Preparing to rebuild the international economic system as World War II was still raging, 730 delegates from all 44 Allied nations gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire, United States, for the United Nations Monetary and Financial Conference. The delegates deliberated during 1–22 July 1944, and signed the Agreement on its final day.
Setting up a system of rules, institutions, and procedures to regulate the international monetary system, the planners at Bretton Woods established the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), which today is part of the World Bank Group. These organizations became operational in 1945 after a sufficient number of countries had ratified the agreement.
The chief features of the Bretton Woods system were an obligation for each country to adopt a monetary policy that maintained the exchange rate by tying its currency to the U.S. dollar and the ability of the IMF to bridge temporary imbalances of payments.
On 15 August 1971, the United States unilaterally terminated convertibility of the US$ to gold. This brought the Bretton Woods system to an end and saw the dollar become fiat currency.[1] This action, referred to as the Nixon shock, created the situation in which the United States dollar became a reserve currency used by many states. At the same time, many fixed currencies (such as GBP, for example), also became free floating.
Cost of Living 1930
How Much things cost
The Yearly Inflation Percentage USA ? UK – 2.8%
Average Cost of new house $7,145.00
Average wages per year $1,970.00
Cost of a gallon of Gas 10 cents
Average Cost for house rent $15.00 per month
A loaf of Bread 9 cents
A LB of Hamburger Meat 13 cents
Magic Chef Gas Cooker $195.00
Pontiac Big Six Car $745.00
Cost of Living
How Much things cost in 1940
Average Cost of new house $3,920.00
Average wages per year $1,725.00
Cost of a gallon of Gas 11 cents
Average Cost for house rent $30.00 per month
Radio $16.95
Average Price for a new car $850.00
Battery for Torch 10 cents
Hoover $52.50
Money and Inflation 1950’s
To provide an estimate of inflation we have given a guide to the value of $100 US Dollars for the first year in the decade to the equivalent in today’s money
If you have $100 Converted from 1950 to 2005 it would be equivalent to $835.41 today
In 1950 a new house cost $8,450.00 and by 1959 was $12,400.00 More House Prices
In 1950 the average income per year was $3,210.00 and by 1959 was $5,010.00
In 1950 a gallon of gas was 18 cents and by 1959 was 25 cents
In 1950 the average cost of new car was $1,510.00 and by 1959 was $2,200.00 More Cars and Car Prices
| omy 1960 |
| President: | Dwight D. Eisenhower |
| Vice President: | Richard M. Nixon |
Population: |
180,671,158 |
| Life expectancy: | 69.7 years |
Dow-Jones |
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| High: | 685 |
| Low: | 566 |
Federal spending: |
$92.19 billion |
| Federal debt: | $290.5 billion |
| Inflation: | 1.4% |
| Consumer Price Index: | 29.6 |
| Unemployment: | 5.5% |
| Prices |
| Cost of a new home: | $16,500.00 |
| Cost of a new car: | $ |
| Cost of a first-class stamp: | $0.04 |
| Cost of a gallon of regular gas: | $0.31 |
| Cost of a dozen eggs: | $0.57 |
| Cost of a gallon of Milk: | $0.49 |
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YWAM Mercy Works, volunteers needed for the East Coast!
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November 7, 2012Dear Lancing,
We have an opportunity to minister to people adversely affected by Hurricane Sandy. Today as I write, one million people are still without power. Thousands more are now homeless and have lost all they had.MercyWorks is sending our first team to help to Atlantic City, New Jersey and we have room for you! The team is scheduled to arrive in nearby Ocean City this weekend. They will serve people in a number of ways: food and water distribution, general clean up, running errands for people, praying and encouraging people, etc.
If you are unable to join us this coming week, but would like to help with the efforts through your giving, we will gladly apply your gift towards meeting the needs of those who have lost everything. To make your gift to Hurricane Sandy relief, click here. Lastly, please pray for those afflicted and pray for the ministry of Jesus to go forth from our teams and others as they go. May God bless you and yours. Because of His mercy,
   Debbie D. LascellesDirector Contact MercyWorks on 1-866-77-MERCY. (1-866-776-3729)
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You are receiving this e-mail because you opted in at our website or are an existing partner or friend of YWAM Tyler or Mercy Works.Unsubscribe whistlingdan@yahoo.com from this list | Forward to a friend | Update your profile
Our mailing address is: Mercy Works
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If you would like to join the team, you can either meet us in Ocean City on Sunday or drive up with us from Texas leaving on Saturday. If you would like to be a part of a team, 
The times they are a changin’, but for the better?
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My, things have changed!
Legalized pot, legalized gay marriage, a lot of moral issues. Sad fact is though, that people still are unhappy. There is more drug addiction now, heroin addiction in California and Florida, Methamphetamine addiction in places like Salina Kansas. Marijuana addiction in de Nile! Divorce, single parent homes, more people on welfare, regulations intended to regulate the ‘porn industry’, gambling casino’s abound so that states can bring in money (instead of production “MADE IN AMERICA” type jobs). Debt is overwhelming, public and private. Marriage is down, having children is down, abortion is up. There are more people now over 60 than there are people under 5, how’s that going to work later?
One thing for sure, there are going to be more jobs for Psychologists and Psychiatrists and Drug and Alcohol Counselors! That is if the ‘State’ can afford to pay for them? This blog is dedicated to my Grandfather White, him and Grandma White attended a Presbyterian church when they were alive. For all of you who think they have a calling to be a Pastor, I’m betting that there will be a lot of those needed these next few years also!
There used to be what we called, “Horse Sense” or “Common Sense”, now we have a lot of No or Non-Sense.
Take a look at the amount of regulations that were supposedly needed in 1960, then compare the regulations that are supposedly needed in 2012.
BALLOT PROPOSITIONS 1960
California 1960 ballot propositions
Eighteen statewide ballot propositions were on the 1960 ballot in California.
1960 was the first year that votes on California’s ballot propositions took place in the state’s June primary as well as during the November general election. In 2011, the practice of having ballot propositions on primary election ballots was eliminated when Jerry Brown signed Senate Bill 202.[1]
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On the ballot
June 7:
| Type | Title | Subject | Description | Result |
|---|---|---|---|---|
| LRCA | Proposition 1 | Bonds | $400 million bond for loans for homes for state veterans |  |
| LRCA | Proposition 2 | Bonds | $300 million for water projects | |
| LRCA | Proposition 3 | Bonds | Bond issues can go on direct primary ballot if 2/3rds of state legislature so directs | |
November 8:
| Type | Title | Subject | Description | Result |
|---|---|---|---|---|
| LRSS | Proposition 1 | Bonds | $1.75 billion for water projects | |
| LRCA | Proposition 2 | Elections | Set length of terms of members of Assembly at four years |  |
| LRCA | Proposition 3 | Veterans | Disabled veteran entitled to $5,000 exemption may transfer exemption to subsequently acquired home | |
| LRCA | Proposition 4 | Education | Term not to exceed eight years for members of agencies overseeing the State College System of California | |
| LRCA | Proposition 5 | Salaries | Compensation of state legislators | |
| LRCA | Proposition 6 | Taxes | How non-profit golf courses are assessed for purposes of taxation | |
| LRSS | Proposition 7 | Healthcare | Various changes to the Chiropractic Initiative Act of 1922 | |
| LRCA | Proposition 8 | Elections | Prohibit those convicted of felony from voting “during punishment therefor” | |
| LRCA | Proposition 9 | Local governance | Procedures governing claims against chartered counties, cities and counties, and cities | |
| LRCA | Proposition 10 | Judiciary | Create Commission on Judicial Qualifications | |
| LRCA | Proposition 11 | Veterans | Residency requirements to be eligible to obtain California’s tax benefits for veterans | |
| LRCA | Proposition 12 | Constitution | Remove obsolete and superseded provisions from the California Constitution | |
| LRCA | Proposition 13 | Judiciary | District Courts of Appeal to have appellate jurisdiction of municipal and justice court cases | |
| LRCA | Proposition 14 | Finance | Street and highway funds may be used for local grade crossing bonds | |
| CICA | Proposition 15 | Redistricting | California State Senate reapportionment | |
Colorado
See also: Colorado 1960 ballot measures
| Type | Title | Subject | Description | Result |
|---|---|---|---|---|
| CICA | Issue 3 | Environment | Creates wildlife management departments | |
| CISS | Issue 4 | Admin. of gov’t. | Establishing Daylight Savings Time | |
| CICA | Issue 6 | Taxes | Power to counties, cities and towns to impose a local tax | |
| CICA | Issue 7 | Admin. of gov’t | Authorizing the Governor and Senate to exclude certain administrative officers from civil service | |
Maine
See also: Maine 1960 ballot measures
| Type | Title | Subject | Description | Result |
|---|---|---|---|---|
| LRCA | Maine Continuity of Government When Under Enemy Attack Amendment (1960) | War | Provide for continuity of government in case of attack. | |
Nevada
See also: Nevada 1960 ballot measures
| Type | Title | Subject | Description | Result |
|---|---|---|---|---|
| Legislative Session Measure | State legislature | Requires the state legislature to have a regular session once every two years, on odd-numbered years, instead of annually | |
BALLOT PROPOSITIONS 2012
On the ballot
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- See also: 2012 ballot measures
June 5:
| Type | Title | Subject | Description | Result |
|---|---|---|---|---|
| CICA | Proposition 28 | Term limits | Limit of 8 years (senate)/6 years (assembly) replaced with 12-year limit on combined service | |
| CISS | Proposition 29 | Taxes | Increase the tax on cigarettes to fund cancer research | |
November 6:
Initiatives
Note that initiative sponsors sometimes file multiple versions of what is essentially the same ballot initiative with the Attorney General of California. Each version is given its own summary date and circulation date. This means that while the circulation deadline may come and go on one version of the initiative without signatures being filed, the initiative itself may still be alive, if its sponsors are pinning their hopes on a later version of the initiative with a deadline farther in the future.
Legislative referrals
This is a list of some proposals that members of the California State Legislature had introduced as potential statewide ballot propositions. However, none of these propositions ultimately qualified for the ballot.[5]
| Type | Title | Subject | Description |
|---|---|---|---|
| Advisory | AB 78 | Immigration | Create a pathway to citizenship for undocumented immigrants |
| LRCA | SCA 5 | Elections | Reduce threshold required to pass parcel taxes from 2/3rds to 55% |
| LRCA | ACA 6 | I&R | Ballot initiatives to spend money must identify where money would come from |
| LRCA | SCA 7 | Admin of gov’t | Public bodies required to post agendas and disclose any actions taken in meetings |
The Burbank Tribune (Grandpa White's newspaper in the 1920's) 