In the next 5 years the West will come to understand the 3 worse mistakes made in the history of the world. Starting with accepting the Petrodollar as the world's reserve currency, USA leading to the enrichment of the Saud fiefdom coupled with USA's involvement in Iran's nuclear program in 1953-79, and finally failing to recognize along with Israel the real enemy to peace in the Middle East and soon the world. Muhammad declared war on the entire world, terror, Hamas, ISIS, Taliban, Boko Haram. the Islamic Brotherhood, Islamic Jihad, PLO, etc are not the enemy but the death cult religion they have chosen to be enslaved by. According to Muhammad a peaceful Muslim is not a Muslim, a good Muslim is one who is engaged in forcing the World to submit to Islam.
China, Russia, pose no military threat to USA or anyone in the West. USA and Europe has allowed the deadly pathogen of Islam into their midst. Paris,Dublin, NY and all major cities in the USA are learning the s error of doing so. The last time Islam was well armed in the first 100 years after Muhammad's death the relgion killed half the worlds then population. The West stumbled into an Islamic struggle between Sunni and Shia Muslims that has been raging for 1300 years. In our wisdom we provided untold wealth to both sects while arming both with nuclear weapons and advanced weaponry. When their fight is over, or these two unite Oct 7 will look like a walk in the park. USA assisting Israel will not go well with our citizens living amount the combatants we've imported into USA.
I think most of us can agree the Federal Reserve has been a train wreck for Middle Class Americans. On the other hand, the Federal Reserve has done tremendous work for its owners. They've actually been able to subvert property rights with respect to securities. Here's some key facts from David Rogers Webb's book titled, The Great Taking:
• Ownership of securities as property has been replaced with a new
legal concept of a "security entitlement", which is a contractual
claim assuring a very weak position if the account provider becomes
insolvent.
• All securities are held in un-segregated pooled form. Securities
used as collateral, and those restricted from such use, are held in
the same pool.
• All account holders, including those who have prohibited use of
their securities as collateral, must, by law, receive only a pro-rata
share of residual assets.
• “Re-vindication,” i.e. the taking back of one’s own securities in the
event of insolvency, is absolutely prohibited.
• Account providers may legally borrow pooled securities to collateralize proprietary trading and financing.
• "Safe Harbor" assures secured creditors priority claim to pooled
securities ahead of account holders.
• The absolute priority claim of secured creditors to pooled client
securities has been upheld by the courts.
This isn't conjecture, its all spelled out in the Uniform Commercial Code (UCC). Its actually baked into the law now. Account providers are legally empowered to “borrow” pooled securities, without restriction. This is called “self help.” The objective is to utilize all securities as collateral. This is an example of Win-Lose on steroids. The government granted the Federal Reserve a monopoly and they did exactly what humans do; abused it.
Thank you for your perceptive historical comments regarding Chuck Noll, the Steelers and the disastrous results from the age of Richard Nixon. Our nation has staggered since that time into horrendous debt with nothing to show for it. The War on Poverty has failed and we now have a dependent share of our population who depend on Federal handouts to survive, let alone the deluge of refugees crossing our borders.
It is truly time to bind our wounds and move on with a strong determination to correct this wayward path. We must lose this present defeatist attitude, return pride to our nation and bring more young adults like your son, a soldier and patriot to the fore behind leaders who will forge forward to create a renaissance for all Americans in the 21st Century. At 82, U.S. Army
Enjoyed the post. I was in the Stadium in 1972 and saw the Franco Harris reception and witnessed all you mentioned. Unbelievable turn of events over the last fifty years in this country! We can only hope that the tiny beacon light in Argentina leads to better things for our descendants. Happy New Year!
I remember those days of the Raiders - Steelers rivalry, as I was attending games at the Oakland Colosseum. Then I was thrust into the oil embargo in Houston and the Nixon dollar debasement. Fast forward to retirement of 26 years from the O&G industry and a Fixed Pension that is now worth 5 cents on the $$... thanks to inflation averaging 3.3% per year. Dollar debasement is the Real enemy of the middle class!
Mr. King knows how to explain funny money and football. In the process, he explains why industrial production and useful services are more than a stack of funny money bonds.
My father was born before the Fed and people had gold in their pockets. HLast I checked, the purchasing power of a 1913 dollar, was just a few pennies due to inflation.
But we know that FDR devalued $20 gold to $35 and Nixon slammed the door on banks converting gold. Now an ounce of gold is over $2,000.
Hopefully Byron will drop in or write another story. His military background might be of interest as the US is getting into more wars, while uncontrolled immigration run wild ?
Can any country, like ours, stay financially solvent ? When corruption and riots result, will Bill let readers share his many houses ?
Thanks Byron! ..you hit it out of the park dude...and have set the bar very high for the entire Bonner team for 2024... I think they'll rise to the occasion and follow your lead...thanks again, and keep up the great work!
Love this story. As a 49'ers fan turned Steelers fan 30 years ago when married (husband is from Pittsburgh). I too remember most of these events. History does repeat itself, even though we tell ourselves to learn from our mistakes. I'm hoping with enough of us having access to more information we can move the needle to our side of the table. Getting us back on the Gold Standard would be a good start! 2024 is shaping up to be scary, let's create a beautiful 2024 for ourselves instead!! - sb (Celina, TX)
I remember many of those great Steelers moments of the Chuck Noll era. The great players, the four Super Bowls, and other great times in Pittsburgh history while growing up a Steeler fan. Thanks for the memories!
What made the Seventies so sweet was the Steelers' history of losing for so many years. By the time they began winning, it was such a massive turnaround from the bad old days. I remember the old Pittsburgh Press of the 1960s, and the constant reference to "SOS" - "Same Old Steelers"; a takeoff of both the well-known distress call and also a soldiers' joke from World War II, the description of chow in the military ("stuff" on a shingle).
.
And note that in 1968 the Steelers hit rock bottom. They were awful. Terrible. Embarrassing. And then Art Rooney fired coach Bill Austin and hired Chuck Noll from Baltimore. It was a gamble, because Noll was all of 37 yrs old; young for a head coach, definitely back then. But from rock bottom, it was the signal to get up off the floor. Compare it to the alcoholic who first must hit the linoleum before finally taking the cure. And as to comparisons with current USA... draw your own conclusions.
Thanks for this post! I was a preteen around this time and appreciate your reaching back and putting this time into context.
I was also a Raiders fan! I remember that game and the great rivalry between them and the Steelers. I still recall a guy who would carry a sign in the Oakland Coliseum: "On the Raiders' menu: Franco Dog, Swann Soup and Terry-yaki."
In the next 5 years the West will come to understand the 3 worse mistakes made in the history of the world. Starting with accepting the Petrodollar as the world's reserve currency, USA leading to the enrichment of the Saud fiefdom coupled with USA's involvement in Iran's nuclear program in 1953-79, and finally failing to recognize along with Israel the real enemy to peace in the Middle East and soon the world. Muhammad declared war on the entire world, terror, Hamas, ISIS, Taliban, Boko Haram. the Islamic Brotherhood, Islamic Jihad, PLO, etc are not the enemy but the death cult religion they have chosen to be enslaved by. According to Muhammad a peaceful Muslim is not a Muslim, a good Muslim is one who is engaged in forcing the World to submit to Islam.
China, Russia, pose no military threat to USA or anyone in the West. USA and Europe has allowed the deadly pathogen of Islam into their midst. Paris,Dublin, NY and all major cities in the USA are learning the s error of doing so. The last time Islam was well armed in the first 100 years after Muhammad's death the relgion killed half the worlds then population. The West stumbled into an Islamic struggle between Sunni and Shia Muslims that has been raging for 1300 years. In our wisdom we provided untold wealth to both sects while arming both with nuclear weapons and advanced weaponry. When their fight is over, or these two unite Oct 7 will look like a walk in the park. USA assisting Israel will not go well with our citizens living amount the combatants we've imported into USA.
I think most of us can agree the Federal Reserve has been a train wreck for Middle Class Americans. On the other hand, the Federal Reserve has done tremendous work for its owners. They've actually been able to subvert property rights with respect to securities. Here's some key facts from David Rogers Webb's book titled, The Great Taking:
• Ownership of securities as property has been replaced with a new
legal concept of a "security entitlement", which is a contractual
claim assuring a very weak position if the account provider becomes
insolvent.
• All securities are held in un-segregated pooled form. Securities
used as collateral, and those restricted from such use, are held in
the same pool.
• All account holders, including those who have prohibited use of
their securities as collateral, must, by law, receive only a pro-rata
share of residual assets.
• “Re-vindication,” i.e. the taking back of one’s own securities in the
event of insolvency, is absolutely prohibited.
• Account providers may legally borrow pooled securities to collateralize proprietary trading and financing.
• "Safe Harbor" assures secured creditors priority claim to pooled
securities ahead of account holders.
• The absolute priority claim of secured creditors to pooled client
securities has been upheld by the courts.
This isn't conjecture, its all spelled out in the Uniform Commercial Code (UCC). Its actually baked into the law now. Account providers are legally empowered to “borrow” pooled securities, without restriction. This is called “self help.” The objective is to utilize all securities as collateral. This is an example of Win-Lose on steroids. The government granted the Federal Reserve a monopoly and they did exactly what humans do; abused it.
Byron:
Thank you for your perceptive historical comments regarding Chuck Noll, the Steelers and the disastrous results from the age of Richard Nixon. Our nation has staggered since that time into horrendous debt with nothing to show for it. The War on Poverty has failed and we now have a dependent share of our population who depend on Federal handouts to survive, let alone the deluge of refugees crossing our borders.
It is truly time to bind our wounds and move on with a strong determination to correct this wayward path. We must lose this present defeatist attitude, return pride to our nation and bring more young adults like your son, a soldier and patriot to the fore behind leaders who will forge forward to create a renaissance for all Americans in the 21st Century. At 82, U.S. Army
Enjoyed the post. I was in the Stadium in 1972 and saw the Franco Harris reception and witnessed all you mentioned. Unbelievable turn of events over the last fifty years in this country! We can only hope that the tiny beacon light in Argentina leads to better things for our descendants. Happy New Year!
Gary S.
Thanks for the history lesson, enjoyed it.
I remember those days of the Raiders - Steelers rivalry, as I was attending games at the Oakland Colosseum. Then I was thrust into the oil embargo in Houston and the Nixon dollar debasement. Fast forward to retirement of 26 years from the O&G industry and a Fixed Pension that is now worth 5 cents on the $$... thanks to inflation averaging 3.3% per year. Dollar debasement is the Real enemy of the middle class!
Mr. King knows how to explain funny money and football. In the process, he explains why industrial production and useful services are more than a stack of funny money bonds.
My father was born before the Fed and people had gold in their pockets. HLast I checked, the purchasing power of a 1913 dollar, was just a few pennies due to inflation.
But we know that FDR devalued $20 gold to $35 and Nixon slammed the door on banks converting gold. Now an ounce of gold is over $2,000.
Hopefully Byron will drop in or write another story. His military background might be of interest as the US is getting into more wars, while uncontrolled immigration run wild ?
Can any country, like ours, stay financially solvent ? When corruption and riots result, will Bill let readers share his many houses ?
BTW: Get the new book from Bill.
Atta boy Byron...all the wars have failed, poverty, co2 & fossil fuels, terror, and on and on......keep on preaching brother!
Thanks Byron! ..you hit it out of the park dude...and have set the bar very high for the entire Bonner team for 2024... I think they'll rise to the occasion and follow your lead...thanks again, and keep up the great work!
GMoney
I'm sure that Team Bonner will deliver in 2024. Appreciate your support.
Love this story. As a 49'ers fan turned Steelers fan 30 years ago when married (husband is from Pittsburgh). I too remember most of these events. History does repeat itself, even though we tell ourselves to learn from our mistakes. I'm hoping with enough of us having access to more information we can move the needle to our side of the table. Getting us back on the Gold Standard would be a good start! 2024 is shaping up to be scary, let's create a beautiful 2024 for ourselves instead!! - sb (Celina, TX)
Good way to start the New Year!!! Kick in the reality pants. Thank you.
I don't do bread and circus anymore. Used to be a packer fan.
It's quite revealing to attend a game and see who is the fan base. Classic old Steelers crowd, to be sure. But wow, it's an expensive commitment.
Yep!!!!! Byron, you nailed it!
Wow! That was great.😊
I remember many of those great Steelers moments of the Chuck Noll era. The great players, the four Super Bowls, and other great times in Pittsburgh history while growing up a Steeler fan. Thanks for the memories!
What made the Seventies so sweet was the Steelers' history of losing for so many years. By the time they began winning, it was such a massive turnaround from the bad old days. I remember the old Pittsburgh Press of the 1960s, and the constant reference to "SOS" - "Same Old Steelers"; a takeoff of both the well-known distress call and also a soldiers' joke from World War II, the description of chow in the military ("stuff" on a shingle).
.
And note that in 1968 the Steelers hit rock bottom. They were awful. Terrible. Embarrassing. And then Art Rooney fired coach Bill Austin and hired Chuck Noll from Baltimore. It was a gamble, because Noll was all of 37 yrs old; young for a head coach, definitely back then. But from rock bottom, it was the signal to get up off the floor. Compare it to the alcoholic who first must hit the linoleum before finally taking the cure. And as to comparisons with current USA... draw your own conclusions.
Thanks for this post! I was a preteen around this time and appreciate your reaching back and putting this time into context.
I was also a Raiders fan! I remember that game and the great rivalry between them and the Steelers. I still recall a guy who would carry a sign in the Oakland Coliseum: "On the Raiders' menu: Franco Dog, Swann Soup and Terry-yaki."
Happy New Year to you all and best wishes!