[ebacon]

Here is another graphic that shows the difference clear as day. It shows two historical graphs of the Dow Jones Industrial Average (DJIA). The top one is familiar to everyone. It is the one that the financial industry uses to show how compound interest works in your favor.

The bottom graph shows the same data, but notice that it looks radically different.

The difference is that the top graph is designed as a selling tool. Notice that the vertical scale is logarithmic. The graph is scaled to make it look as though the stock market steadily grew to a great height over a period of one hundred years. It didn't.

The bottom chart shows the truth. The last one hundred years of Wall Street can be divided into two distinct periods with a transition period between them. Prior to about 1985 money was considered to represent work. Most voters still think that way.

Behind the scenes were economists, such as Alan Greenspan, that had subscribed to a new definition of money. That definition said that money does not represent work at all. Instead, they said, money represents how smart you are, which they believed was indicative of the Truth.

They successfully marketed this idea and retooled how our monetary, and consequently legal, system works. As best I can tell process started in about 1984 with a shifting of retirement savings from local banks to Wall Street. The tools were of course IRA and 401k accounts. This changeover process lasted for about one generation of society. By 1999 almost all workers were out of the old savings banks and into the new money=truth investment banks. In 1999 congress repealed the old banking laws and let the animals loose.

We know how the story went from there. As time goes on Wall Street will systematically erase the data prior to year 2000. Already if you go on line to make stock charts there are many systems that will not show data before year 2000. They are hiding or rewriting history.