The Burbank Tribune (Grandpa White's newspaper in the 1920's)

THE RISING COST OF LIVING OVER THE DECADES

November 9, 2012
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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 
 
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 
Economy
President:  Richard M. Nixon 
Vice President:  Spiro T. Agnew 

Population: 
205,052,174 
Life expectancy:  70.8 years 

Dow-Jones 
 
High:  842 
Low:  669 

Federal spending: 
$195.65 billion 
Federal debt:  $380.9 billion 
Inflation:  6.5% 
Consumer Price Index:  38.8 
Unemployment:  3.5% 
Prices
Cost of a new home:  $26,600.00 
Cost of a new car: 
Median Household Income:  $8,734.00 
Cost of a first-class stamp:  $0.06 
Cost of a gallon of regular gas:  $0.36 
Cost of a dozen eggs:  $0.62 
Cost of a gallon of Milk:  1.15 
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YWAM Mercy Works, volunteers needed for the East Coast!

November 7, 2012
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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 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, click here.

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. Lascelles
Directo
r

Contact MercyWorks on 1-866-77-MERCY. (1-866-776-3729)

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
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The times they are a changin’, but for the better?

November 7, 2012
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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

1962
1958

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]

\

On the ballot

June 7:

Type Title Subject Description Result
LRCA Proposition 1 Bonds $400 million bond for loans for homes for state veterans Approved
LRCA Proposition 2 Bonds $300 million for water projects Approved
LRCA Proposition 3 Bonds Bond issues can go on direct primary ballot if 2/3rds of state legislature so directs Approved

November 8:

Type Title Subject Description Result
LRSS Proposition 1 Bonds $1.75 billion for water projects Approved
LRCA Proposition 2 Elections Set length of terms of members of Assembly at four years Defeated
LRCA Proposition 3 Veterans Disabled veteran entitled to $5,000 exemption may transfer exemption to subsequently acquired home Approved
LRCA Proposition 4 Education Term not to exceed eight years for members of agencies overseeing the State College System of California Approved
LRCA Proposition 5 Salaries Compensation of state legislators Defeated
LRCA Proposition 6 Taxes How non-profit golf courses are assessed for purposes of taxation Approved
LRSS Proposition 7 Healthcare Various changes to the Chiropractic Initiative Act of 1922 Approved
LRCA Proposition 8 Elections Prohibit those convicted of felony from voting “during punishment therefor” Defeated
LRCA Proposition 9 Local governance Procedures governing claims against chartered counties, cities and counties, and cities Approved
LRCA Proposition 10 Judiciary Create Commission on Judicial Qualifications Approved
LRCA Proposition 11 Veterans Residency requirements to be eligible to obtain California’s tax benefits for veterans Approved
LRCA Proposition 12 Constitution Remove obsolete and superseded provisions from the California Constitution Approved
LRCA Proposition 13 Judiciary District Courts of Appeal to have appellate jurisdiction of municipal and justice court cases Approved
LRCA Proposition 14 Finance Street and highway funds may be used for local grade crossing bonds Defeated
CICA Proposition 15 Redistricting California State Senate reapportionment Defeated

Colorado

See also: Colorado 1960 ballot measures

Type Title Subject Description Result
CICA Issue 3 Environment Creates wildlife management departments Defeated
CISS Issue 4 Admin. of gov’t. Establishing Daylight Savings Time Defeated
CICA Issue 6 Taxes Power to counties, cities and towns to impose a local tax Defeated
CICA Issue 7 Admin. of gov’t Authorizing the Governor and Senate to exclude certain administrative officers from civil service Defeated

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. Approved

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 Approved

BALLOT PROPOSITIONS 2012

On the ballot

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 Approved
CISS Proposition 29 Taxes Increase the tax on cigarettes to fund cancer research Defeated

November 6:

Type Title Subject Description Result
CICA Proposition 30 Taxes Jerry Brown’s Tax Increase (revenues for general fund and education) Approved
CICA/SS Proposition 31 State budget Two-Year Budget Cycle Defeated
CISS Proposition 32 Labor Ban on corporate and union contributions to state and local candidates Defeated
CISS Proposition 33 Insurance Car insurance rates can be based on a person’s history of insurance coverage (“persistency discounts”) Defeated
CISS Proposition 34 Death penalty “End the Death Penalty” Defeated
CISS Proposition 35 Law enforcement Increased Penalties for Human Trafficking and Sex Slavery Approved
CISS Proposition 36 Law enforcement Modification of the “Three Strikes” Law Approved
CISS Proposition 37 Regulations Mandatory Labeling of Genetically Engineered Food Defeated
CISS Proposition 38 Taxes Molly Munger’s State Income Tax Increase for Education Defeated
CISS Proposition 39 Taxes Income Tax Increase for Multistate Businesses Approved
VR Proposition 40 Redistricting Referendum on the State Senate Redistricting Plan Approved

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.

Type Identifying # Description
CISS #10-0004 Public fund investments prohibited in businesses that do business with Israel
CICA #10-0018 Parental notification required prior to minor’s abortion
CICA #10-0019 No divorces
CISS #10-0020 Public fund investments prohibited in businesses that do business with Israel
CISS #10-0021 Require mortgage lenders to reduce mortgage balances to current fair market value of property
CICA #10-0022 Speech based on “biblical authority” granted absolute first amendment speech protections
CISS #10-0023 Requires law enforcement personnel to investigate immigration status of possible illegal immigrants
CISS #10-0024 Electoral college votes determined by presidential vote in congressional districts
CISS #11-0001 “Election Day Holiday Act”
CISS #11-0003 “Article V Convention”
CICA #11-0005 “Save Our Secret Ballot in California Act”
CICA #11-0006 “California Deficit Prevention Act”
CICA #11-0007 “Public Employee Pension Reform Act”
CISS #11-0008 “The Nuclear Waste Act of 2011”
CICA #11-0009 “Best Practices Budget Accountability Act”
#11-0010 Qualified for the ballot
CISS #11-0011 “Regulate Marijuana Like Wine Act”
CISS #11-0012 No CalWORKS Benefits for Children of Undocumented Immigrants
#11-0013 Qualified for the ballot
CICA #11-0014 “Foreclosure Modification Amendment”
CICA #11-0015 Parental Notification Before Minor’s Abortion
CICA #11-0016 Parental Notification Before Minor’s Abortion
CICA #11-0018 Public Pension and Retirement Systems Required to Invest in California Businesses
VR #11-0019 The “Amazon Sales Tax” Referendum
CICA #11-0020 “End Public Sector Bargaining Act”
CICA #11-0021 “Tax Public Pensions Above $100,000 Per Year Act”
CICA #11-0022 “Raise Public Pension Retirement Ages Act”
VR #11-0023 Non-Discrimination Requirements for School Material, Repeal of SB 48
VR #11-0024 $150 Fire Prevention Fee
VR #11-0025 Redevelopment Agencies
CISS #11-0026 “Pension Solvency Act”
CISS #11-0027 Purchase of State and Local Materials
#11-0028 Qualified for the ballot
CISS #11-0029 No Special Benefits for Incumbents, Officials or Candidates Initiative
CISS #11-0030 Incumbents, Officials and Candidates Not Allowed to Favor Large Donors
CISS #11-0031 Politicians Made Personally Liable for Unscrupulous Behavior
CISS #11-0032 Cap on Retirement Benefits for Government Officials and Advisors
CISS #11-0033 Tax on Oil
#11-0035 Qualified for the ballot
VR #11-0036 Referendum on the U.S. Congress Redistricting Plan
CICA #11-0037 Parental Notification Before Minor’s Abortion
CICA #11-0038 Parental Notification Before Minor’s Abortion
CISS #11-0039 Regulate Marijuana Like Wine
CISS #11-0040 Reduced Marijuana Penalties
CICA #11-0041 Define human personhood as beginning at moment of conception
CISS #11-0042 Rules governing disposal of nuclear waste
CICA/SS #11-0043 Eliminate Environmental Protection Laws and Agencies
CISS #11-0044 Tax on oil to fund education
CISS #11-0045 Tax on prescriptions of controlled substances
CISS #11-0046 “Repeal Cannabis Prohibition Act”
VR #11-0047 Referendum on SB 202
CICA #11-0048 Parental Notification Before Minor’s Abortion
CICA #11-0049 Parental Notification Before Minor’s Abortion
VR #11-0050 Referendum on AB 131, the Non-Resident Tuition Act
CICA #11-0051 Tax on California Oil and Gas
CISS #11-0052 “Repeal the Dills Act”
CISS #11-0053 Initiative to Require State Law Enforcement Officers to Enforce Federal Immigration Laws
CICA #11-0054 Regulation of Corporations
VR #11-0055 Referendum on AB 1236, the Prohibition on Use of E-Verify Act
CISS #11-0056 Concealed Carry for Firearms
#11-0057 Qualified for the ballot
CICA #11-0058 Right of Same-Sex Couples to Marry
#11-0059 Qualified for the ballot
CISS #11-0060 Variety of Rules and Regulations on Health Insurers
CICA #11-0061 Guarantee of Sales Tax Allocations to Local Governments
CISS #11-0062 Online K-12 Education, College Preparatory Courses
CICA #11-0063, 64 Pension Reform
CISS #11-0065 State Police Required to Enforce Federal Immigration Laws
CICA #11-0066 No Benefits for Part-Time Local Officials
CICA #11-0067 Very Significant Expansion in Size of State Legislature
#11-0068 Qualified for the ballot
CICA #11-0069 State Legislature Must Be 50% Female
CISS #11-0070 Approval of Healthcare Insurance Rate Changes
#11-0072 Signatures submitted, but too late for the 2012 ballot
CISS #11-0073 Marijuana Legalization
CISS #11-0074 Repeal Non-Discrimination Requirements for School Instruction
CISS #11-0075 Permit Parents to Excuse Children from Instruction in Social Sciences and Family Life
CICA #11-0076, 77 Parental Notification Before Minor’s Abortion
CICA #11-0078 Pollution Producers To Pay for Pollution Mitigation
CICA #11-0079 Fees on Pollution Producers to Pay for Mitigation
#11-0080 Qualified for the ballot
CISS #11-0081 Charity Care Provided by Non-Profit Hospitals
CISS #11-0082 Limit on Prices Set by Private Hospitals
CISS #11-0083 Repeal of Non-Discrimination Requirements for School Instruction
CICA #11-0084 Elimination of California High Speed Rail Authority
CISS #11-0085 Repeals Non-Discrimination Requirements for School Instruction
CICA/SS #11-0086 Tuition & Fees at California Colleges Paid by Taxpayers, Not Students
CICA #11-0087 Tax Assessment Required of Most Commercial Property Every Three Years
CISS #11-0089 Payment of State Income Tax by Undocumented Workers
CICA #11-0090 Jerry Brown’s (First) Tax Increase Proposal
CISS #11-0091 “Millionaire’s Tax”
CICA #11-0092 Government Spending Limits
CISS #11-0093 “Children Learning Accurate Social Science”
CISS #11-0094 “Protection from Transnational Gangs” Initiative
CICA #11-0095 Part-Time Legislature/Two-Year Budget Cycle Initiative
CISS #11-0096 Tax on Oil; Revenues to Higher Education
CISS #11-0097 “Corporate Political Accountability” Initiative
CISS #11-0098 Regulation and Taxation of Medical Marijuana Industry
#11-0099 Qualified for the ballot
#11-0100 Qualified for the ballot
CICA #12-0001 Jerry Brown’s (First) Tax Increase Proposal
CICA #12-0002 Property Tax Exemption for Disabled Vets
CICA #12-0003 “Corporations Are Not People”
CISS #12-0004 “Stop the $100 Billion Bullet Train to Nowhere”
CISS #12-0005 Medical Marijuana Patient Access and Associations
CICA #12-0006 “Public Postsecondary Student Tuition and Fees”
CICA #12-0007 “Government Spending Limit” Initiative
#12-0009 Qualified for the ballot

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

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