http://www.jhalpe.com/img/Items/1000/00893.jpg

Any assistance would be appreciated!

Thanks!

T Wesley

I apologize for the ambiguities in my previous post.
The most important correction is the date of the onset of the so-called ‘OPEC Recession’.

This occurred in mid-October 1973 (not 1975).

The morning of Oct. 16th (I think), as we entered the offices of The Third Eye, Inc.; the phone was ‘ringing off-the-wall.

The buyers representing our biggest accounts were telling us that they had ‘orders from-the-top’ not to accept any more merchandise until they understood what was going-on (?).

The buyers were saying that the leaders of USA, Japan, and Western Europe had received a message during the night from a little known group called OPEC (Oil Producing & Exporting Countries). They said that the message to the USA was that “if we didn’t stop supporting Israeli aggressions, that they would increase the price of a barrel of oil 4X”.
They allowed 3 days to decide and act.

Oil, on that day, (October 16th or 17th 1973) was $3.00/barrel.
Three days later (because we didn’t stop) The price jumped to $12/barrel.

Other statistics that might be interesting, in this context, are the wage-to-salary ratios then-and-now:

In October 1973, the minimum wage was $1.65/hour. (In my view, it should have been at least $2.50).

The highest salary in the USA was $300,000/year, and heavily taxed.
(There were some millionaires but they made that in land and other assets, not salaries.)

Since that time, the minimum wage has barely moved, but the ‘Big Guys’ have added 4 zeros to their annual wages!!! They are taking salaries of multiple $billions!!!!

IN 2009, minimum wage is still less than $10/hour.

In my view, this essential imbalance is the root-cause of ALL the current economic problems, both domestic and international.

This carefully structured imbalance was created by the Federal Reserve Banking Corporation.

(The ‘Fed is a private firm contracted by the US Congress to sell us money and to monitor and protect the health of the domestic economy.)

Starting in the mid-1980′s, the various Chairpersons of the so-called Fed. would appear on TV periodically, and inform the employers of the nation, who had started to recover from the Recession, that “If they raised wages, that they (the Fed.) would raise interest rates!”. We had just experienced absurdly high interest rates and crippling inflation during the OPEC/Israeli Recession, and the memory of this pain was still fresh among employers; so they reluctantly complied, even as they were seeing record profits, and their own incomes were escalating.

The philosophy of the Federal Reserve Banking Corporation, and Congress seems to have shifted (after taking such a ‘hit’ for Israel in late 1973) from the ‘American Dream’ of trying make prosperity ubiquitous at home /while reaching-out-a-hand to bring the standard of living up for workers in poorer countries ‘up’ to a more comfortable level’; to the implementation of an ‘Israeli Dream’ to reduce the prosperity of the US worker to the level of workers in the poorer countries, …while pampering a closed-community of an international ‘elite’ class .

Thus the ‘Dream’ shifted from ubiquitous international prosperity, to ubiquitous international poverty, and compliance to innumerable petty laws, designed to meter-out injustice to the masses, and shield the elite from justice..

I hope my view point is helpful.

If there are questions, or comments about the good old ‘Third Eye’ (entrepreneurial purveyors of posters, black lights, and Day Glo brand paints during the 60′s and early 70′s) I will check back to this blog site periodically, to see whether or not I can fill-in-the-blanks.

I am still looking for answers too.

Let us work for peace, harmony, and respect.

They had been weakeded by a failed public offering that cost the company $80,000., at a time when the highest salary in the USA was a whopping $300,000./year.

That loss was the precurser to the failure of a great, entrapeneural company that was producing art for the people, buy the artistic people.

They produced gallary quality serigraph prints with a very slim profit margin.

Anyone who has worked with fluroescent pigments knows that they do not behave like ordinary colors. They are governed by the physics of mixing light itself. Fluorescent paint is very difficult to handle, from the artists’ point-of-view.

The Third Eye, Inc was innovative in many respects. They provided their employees with the best medical insurance plan they could find. The company paid 100% of the premium, and any employee, or family members, could be in the hospital for a full year at zero expence.

The OPEC recession represented a turning point in the philosophy of US business ethics.

After Nixon, Bush and Kissinger visited China, the political, corporate banksters of the New World Order were inspired to make substantial moves toward enslaving the world.

Altruistic businesses like The Third Eye, Inc were deliberatly derailed.

Those were sad, and terrible days from which many people have never recovered.