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					Real GDP Growth:

      1929 to 1945: 1.52% annual growth
      1945 to 1971: 5.76% annual growth
      1971 to 2003: 0.31% annual growth


                                       Real GDP
                                    (in gold terms)

    $1,000

      $800

      $600

      $400

      $200

        $0
          1929 1935 1941 1947 1953 1959 1965 1971 1977 1983 1989 1995 2001

                      Real GDP (in 1929 dollars, using gold price deflator)




Real Net Worth Growth:

      March 1952 to June 1971:    5.54% annual growth
      June 1971 to December 2003: 0.82% annual growth



                                  Real US Net Worth
                                  (adjusted for gold)

         $6,000
         $5,000
         $4,000
         $3,000
         $2,000
         $1,000
             $0
              1952 1957 1962 1967 1972 1977 1982 1987 1992 1997 2002

                   Real US Net Worth (in 1952 Dollars, using gold price deflator)
Real Personal Income:

      1929 to 1945: 1.10% annual growth
      1945 to 1971: 5.92% annual growth
      1971 to 2003: 0.43% annual growth




                                Real Personal Income
                              (using gold price deflator)
        $700
        $600
        $500
        $400
        $300
        $200
        $100
         $0
           1929 1935 1941 1947 1953 1959 1965 1971 1977 1983 1989 1995 2001

                        Real Personal Income in 1929 Dollars (in billions of $'s)


Real S&P Growth:

      1929 to 1945: (4.51)% annual growth
      1945 to 1971: 6.38% annual growth
      1971 to 2003: 0.66% annual growth

                                   Real S&P Growth
                              (using gold price deflator)

        120
        100
        80
        60
        40
        20
         0
          1929 1935 1941 1947 1953 1959 1965 1971 1977 1983 1989 1995 2001

                             S&P Nominal Index Value (in 1929 terms)
Real After-Tax Corporate Profit Growth:

      1929 to 1945: 1.45% annual growth
      1945 to 1971: 5.79% annual growth
      1971 to 2003: 0.34% annual growth



                             Real After-Tax Corporate Profits
                               (using gold price deflator)
        $900
        $800
        $700
        $600
        $500
        $400
        $300
        $200
        $100
          $0
            1929 1935 1941 1947 1953 1959 1965 1971 1977 1983 1989 1995 2001

                  Real After-Tax Corporate Profits in 1929 Dollars (in billions of $'s)




                         Real S&P Growth and Corporate Profits
                               (using gold price deflator)
        120                                                                        $1,000
        100                                                                        $800
         80
                                                                                   $600
         60
                                                                                   $400
         40
         20                                                                        $200
          0                                                                        $0
           1929 1936 1943 1950 1957 1964 1971 1978 1985 1992 1999

                Real S&P Growth in 1929 terms
                Real After-Tax Corporate Profits in 1929 Dollars (in billions of $'s)
S&P 500 Price-Earnings Ratio During BW and Post-BW Era's



                                S&P 500 P/E Ratio v. Gold

       70                                                                         $800
       60                                                                         $700
       50                                                                         $600
                                                                                  $500
       40
                                                                                  $400
       30
                                                                                  $300
       20                                                                         $200
       10                                                                         $100
        0                                                                         $0
        1954      1960   1966     1972    1978    1984     1990    1996    2002

                             S&P 500 P/E Ratio           Gold ($/oz.)




Real GDP Growth v. Oil Consumption:

                                Annual Real GDP Growth            Annual Oil Consumption

      1945 - 1973                approx. 4.5 - 5.0%                       4.5%

      1973 - 2004                approx. 1.0%                             0.50%




                         Real GDP v. Oil Consumption

     $1,000                                                                    22000
      $800                                                                     20000
      $600                                                                     18000
      $400                                                                     16000
      $200                                                                     14000
        $0                                                                     12000
              1973 1976 1979 1982 1985 1988 1991 1994 1997 2000 2003

                    Real GDP (using gold deflator, billions of 1929 dollars)
                    Oil Consumption (thousands of barrels per day)
Real Government Tax Receipts:

      1929 to 1945: (0.49)% annual growth
      1945 to 1971: 9.39% annual growth
      1971 to 2003: 0.71% annual growth


Government Social Benefits:

      1929 to 1945: 8.63% annual growth
      1945 to 1971: 10.77% annual growth
      1971 to 2003: 1.72% annual growth


Real GDP v. Unemployment




                       Real GDP v. Unemployment Rate

        $900                                                                    12%
        $800
                                                                                10%
        $700
        $600                                                                    8%
        $500
                                                                                6%
        $400
        $300                                                                    4%
        $200
                                                                                2%
        $100
          $0                                                           0%
            1948 1953 1958 1963 1968 1973 1978 1983 1988 1993 1998 2003

                     Real GDP (using gold deflator, billions of 1929 dollars)
                     Unemployment Rate
Real GDP v. Criminal Index:




             Real GDP v. Department of Justice Criminal Index
       $900                                                                   16000000
       $800                                                                   14000000
       $700                                                                   12000000
       $600
                                                                              10000000
       $500
                                                                              8000000
       $400
                                                                              6000000
       $300
       $200                                                                   4000000
       $100                                                                   2000000
         $0                                                                   0
           1960 1964 1968 1972 1976 1980 1984 1988 1992 1996 2000

                   Real GDP (using gold deflator, billions of 1929 dollars)
                   DOJ Criminal Index




Real GDP v. Divorce Rate:



                              Real GDP v. Divorce Rate

       $900                                                                         6%
       $800
                                                                                    5%
       $700
       $600                                                                         4%
       $500
                                                                                    3%
       $400
       $300                                                                         2%
       $200
                                                                                    1%
       $100
         $0                                                                         0%
           1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000

             Real GDP (using gold deflator, billions of 1929 dollars)     Divorce Rate

				
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