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Intel - History
Controlled Disintegration of the Economy

"In God we trust.
All others we monitor."

US President Richard Nixon

Cover to another book by Fred Hirsch

• One of the primary authors is Fred Hirsch, whom Volcker references in the Controlled Disintegration speech.
• Hirsch was the former editor of the London Economist magazine

Paul Volcker

• Speech, published by US Federal Reserve (link) entitled "Post-Hegemonic US Economic Hegemony"

Volcker appointed Fed Chairman

• Jimmy Carter Deregulates Airline Industry, Railroad Industry, and Trucking Industry, with Destructive Results Each Time

Volcker appointed Fed Chairman

Americans Taken Hostage in Iran

Reagan-era Kemp-Roth tax act

• Opened up real estate and stock market speculation
• Ruined US fiscal policy
• In earlier, saner times, the US government created highly successful tax incentives for productive investments in capital improvements, such as the Kennedy era's investment-tax-credit program.
• Kemp-Roth did the direct opposite, drawing the money out of investment in productive capital, and pouring it into what became the gigantic financial cancer of today...
• Kemp-Roth cut the tax rates on financial gains, thus reducing the Federal tax revenues (thus inflating the Federal debt to levels way beyond those achieved by the Carter Administration's deregulation binge).

• Enacted in 1982 that deregulated the Savings and Loan industry. This Act turned out to be one of many contributing factors that led to the Savings and Loan crisis of the late 1980s.
• Deregulated US banking system, shifting financing physical production into pure speculation
• Garn-St Germain destroyed much of the essential structure of regulation upon which the post-Hoover recovery from Andrew Mellon's Great Depression depended.
• Garn-St Germain set up the previously illegal way in which "junk bond", derivatives, 
• and similar Wall Street forms of piracy, looted the ruined savings and loan industry.