Tag: Economy

James Rickards’ latest book

Post author By C .T.
Post date April 29, 2017
3 Comments on James Rickards’ latest book

Richard Spencer used to be the only famed white nationalist who openly warned about the looming economic crisis.

Not anymore. Yesterday he added in his Facebook page a retweet: “Many in the Alt Right know about economics, especially the Austrian School. We just don’t care anymore. There are bigger fish to fry.”

I posted at his FB page this: “This is a big mistake, Richard. Real economics—call it Austrian or not—teaches us that the dollar will crash under Trump’s watch, which means that a big window of opportunity for the Alt-Right will be opened this very decade. Meanwhile, keep silver coins in your safe box.”

Economist James Rickards’ books are too technical and often boring. Fortunately, you can grasp his ideas by means of didactic videos and audios about The Road to Ruin, his latest book. The book describes how the crisis will unfold before our eyes (click e.g., here, here and here).

White advocates should brace themselves…

Tags Economy

Trump cucks—Our turn!

In my previous post I wrote: “Crossing the river from liberalism to the other side involves several stepping stones: Donald Trump’s Alt Light, the Alt-Right (not yet a direct approach to the Jewish question), white nationalism (or southern nationalism), neonazism… and reaching the other side, National Socialism.”

Yesterday, after being questioned in the edifice of the execrable Jew York Times at NY, Donald Trump condemned Richard Spencer’s sieg heil Alt-Right meeting.

In my view, this represents a huge opportunity for those of us who have already crossed the river. As long as Trump disavows the Alt-Right we can remove our masks of Alt Lite, Alt-Right and even white nationalism. How to do it? After Trump swears on the Bible the next January the time has come for us to march—in full Nazi uniform.

American Nazi party members, (aka German American Bund) march while carrying Nazi and American flags during a Bund outing from nearby Camp Sigfried.

Imagine the media hysteria that we would be able to generate by going to the Federal Reserve with pickets telling that the Jewish Janet Yellen’s monetary policies will lead, this decade, to the fall of the dollar.

My dream is to even burn Yellen in effigy with a Star of David patched to her effigy in one of these marches. Although we will carry banners saying truths like that the Allies committed a greater genocide than that attributed to Hitler, the emphasis of our speeches in front of the Fed will be the policy of Yellen and her predecessor, the also Jewish Ben Bernanke. Both have taken the dollar to the edge of a precipice from where it will fall under the watch of Trump.

To carry out this idea I would have to travel to the United States to speak personally with Andrew Anglin to see if, through the very popular The Daily Stormer, he is willing to call for volunteers for the march. We would need funds not only to transport our boys and pay their buses and hotels, but to make the uniforms.

It does not matter that the media, and even the white nationalist forums, call us clowns. Forget also what President Trump will think a few blocks from our flashy and “fashy” marches and protests. Just imagine what the average Joe who had seen us ridiculed in the Jew media will say after the collapse of the dollar actually occurs: “The Nazis were right!” They will really pronounce these words, especially after blacks chimp out in America’s big cities.

And so it begins…

Remember, remember that Hitler became so popular precisely because the Deutsche Mark had crashed.

Please make this post go viral. It is time to leave the confinement in our houses. True, we need plenty of funds to revive the political actions of George Lincoln Rockwell. But where there is a will there is a way!

Tags Economy, National Socialism, United States

Table talks

Uncle Adolf’s table talk, 27

Post author By C .T.
Post date September 22, 2015

13th October 1941

I’ve been wondering lately whether it wouldn’t be best to collect the men responsible for the control of the economics of the following countries: Denmark, Norway, Holland, Belgium, Sweden and Finland.

We’d give them a notion of the vistas that present themselves nowadays. The majority of them are not at all aware of the immense field that opens up before us.

Tags Adolf Hitler, Economy

Table talks

Uncle Adolf’s table talk, 30

Post author By C .T.
Post date September 21, 2015

15th October 1941, evening

Remedies against inflation—The example of Frederick the Great—The economists make a mess of everything.

In 1933, the Reich had eighty-three million marks’ worth of foreign currency. The day after the seizure of power, I was called upon to deliver immediately sixty-four millions. I pleaded that I knew nothing about the whole business, and asked time to reflect.

At that point, one must intervene. Even to Schacht, I had to begin by explaining this elementary truth: that the essential cause of the stability of our currency was to be sought for in our concentration camps. The currency remains stable when the speculators are put under lock and key. I also had to make Schacht understand that excess profits must be removed from economic circulation.

I do not entertain the illusion that I can pay for everything out of my available funds. Simply, I’ve read a lot, and I’ve known how to profit by the experience of events in the past. Frederick the Great, already, had gradually withdrawn his devaluated thalers from circulation, and had thus re-established the value of his currency.

All these things are simple and natural. The only thing is, one mustn’t let the Jew stick his nose in. The basis of Jewish commercial policy is to make matters incomprehensible for a normal brain. People go into ecstasies of confidence before the science of the great economists. Anyone who doesn’t understand is taxed with ignorance! At bottom, the only object of all these notions is to throw everything into confusion.

The very simple ideas that happen to be mine have nowadays penetrated into the flesh and blood of millions. Only the professors don’t understand that the value of money depends on the goods behind that money.

One day I received some workers in the great hall at Obersalzberg, to give them an informal lecture on money. The good chaps understood me very well, and rewarded me with a storm of applause.

To give people money is solely a problem of making paper. The whole question is to know whether the workers are producing goods to match the paper that’s made. If work does not increase, so that production remains at the same level, the extra money they get won’t enable them to buy more things than they bought before with less money.

Obviously, that theory couldn’t have provided the material for a learned dissertation. For a distinguished economist, the thing is, no matter what you’re talking about, to pour out ideas in complicated meanderings and to use terms of Sibylline incomprehensibility.

Tags Adolf Hitler, Economy, Jewish Question (JQ)

Table talks

Uncle Adolf’s table talk, 41

Post author By C .T.
Post date September 19, 2015

26th-27th October 1941, evening

Exploitation of the Eastern Territories—A British volte-face—Roosevelt’s imposture— Advantage to be gained from European hegemony—A Europe with four hundred million Nordish inhabitants.

National independence, and independence on the political level, depend as much on autarky as on military power. The essential thing for us is not to repeat the mistake of hurling ourselves into foreign markets. The importations of our merchant marine can be limited to three or four million tons. It is enough for us to receive coffee and tea from the African continent. We have everything else here in Europe.

Germany was once one of the great exporters of wool. When Australian wool conquered the markets, our “national” economy suddenly switched over and began importing. I wish to-day we had thirty million sheep.

Nobody will ever snatch the East from us! We have a quasi-monopoly of potash. We shall soon supply the wheat for all Europe, the coal, the steel, the wood.

To exploit the Ukraine properly—that new Indian Empire—I need only peace in the West. The frontier police will be enough to ensure us the quiet conditions necessary for the exploitation of the conquered territories. I attach no importance to a formal, juridical end to the war on the Eastern Front.

If the English are clever, they will seize the psychological moment to make an about-turn—and they will march on our side. By getting out of the war now, the English would succeed in putting their principal competitor—the United States—out of the game for thirty years. Roosevelt would be shown up as an impostor, the country would be enormously in debt—by reason of its manufacture of war-materials, which would become pointless—and unemployment would rise to gigantic proportions.

For me, the object is to exploit the advantages of continental hegemony. It is ridiculous to think of a world policy as long as one does not control the Continent. The Spaniards, the Dutch, the French and ourselves have learnt that by experience.

When we are masters of Europe, we have a dominant position in the world. A hundred and thirty million people in the Reich, ninety in the Ukraine. Add to these the other States of the New Europe, and we’ll be four hundred millions, compared with the hundred and thirty million Americans.

If the British Empire collapsed to-day, it would be thanks to our arms, but we’d get no benefit, for we wouldn’t be the heirs. Russia would take India, Japan would take Eastern Asia, the United States would take Canada. I couldn’t even prevent the Americans from gaining a firm hold in Africa.

In the case of England’s being sunk, I would have no profit— but the obligation to fight her successors. A day might come when I could take a share of this bankruptcy, but on condition of its being postponed.

At present, England no longer interests me. I am interested only in what’s behind her.

We need have no fears for our own future. I shall leave behind me not only the most powerful army, but also a Party that will be the most voracious animal in world history.

Tags 2nd World War, Adolf Hitler, Economy, Ukraine, United Kingdom, United States

Democracy Liberalism Wikipedia

Liberalism, 13

Post author By C .T.
Post date September 8, 2015

Post-war liberalism

The Cold War featured extensive ideological competition and several proxy wars, but the widely feared Third World War between the Soviet Union and the United States never occurred. While communist states and liberal democracies competed against one another, an economic crisis in the 1970s inspired a move away from Keynesian economics, especially under Margaret Thatcher in the UK and Ronald Reagan in the US.

This classical liberal renewal, called pejoratively “neoliberalism” by its opponents, lasted through the 1980s and the 1990s, although the Great Recession prompted a resurgence in Keynesian economic thought recently. Meanwhile, nearing the end of the 20th century, communist states in Eastern Europe collapsed precipitously, leaving liberal democracies as the only major forms of government in the West.

At the beginning of the Second World War, the number of democracies around the world was about the same as it had been forty years before. After 1945, liberal democracies spread very quickly, but then retreated. In The Spirit of Democracy Larry Diamond argues that by 1974, “dictatorship, not democracy, was the way of the world,” and that “barely a quarter of independent states chose their governments through competitive, free, and fair elections.” Diamond goes on to say that democracy bounced back and by 1995 the world was “predominantly democratic.”

Liberalism still faces challenges, especially with the phenomenal growth of China as a model combination of authoritarian government and economic liberalism.

Tags China, Economy

Individualism John Stuart Mill Liberalism Wikipedia

Liberalism, 9

Post author By C .T.
Post date September 4, 2015

Classical liberalism

The development into maturity of classical liberalism took place before and after the French Revolution in Britain, and was based on the following core concepts: classical economics, free trade, laissez-faire government with minimal intervention and taxation and a balanced budget. Classical liberals were committed to individualism, liberty and equal rights. The primary intellectual influences on 19th century liberal trends were those of Adam Smith and the classical economists, and Jeremy Bentham and John Stuart Mill.

Adam Smith’s The Wealth of Nations, published in 1776, was to provide most of the ideas of economics, at least until the publication of J. S. Mill’s Principles in 1848. Smith addressed the motivation for economic activity, the causes of prices and the distribution of wealth, and the policies the state should follow in order to maximize wealth.

Smith wrote that as long as supply, demand, prices, and competition were left free of government regulation, the pursuit of material self-interest, rather than altruism, would maximize the wealth of a society through profit-driven production of goods and services. An “invisible hand” directed individuals and firms to work toward the nation’s good as an unintended consequence of efforts to maximize their own gain. This provided a moral justification for the accumulation of wealth, which had previously been viewed by some as sinful.

His main emphasis was on the benefit of free internal and international trade, which he thought could increase wealth through specialization in production. He also opposed restrictive trade preferences, state grants of monopolies, and employers’ organizations and trade unions. Government should be limited to defense, public works and the administration of justice, financed by taxes based on income. Smith was one of the progenitors of the idea, which was long central to classical liberalism and has resurfaced in the globalization literature of the later 20th and early 21st centuries, that free trade promotes peace.

Utilitarianism provided the political justification for the implementation of economic liberalism by British governments, which was to dominate economic policy from the 1830s. Although utilitarianism prompted legislative and administrative reform and John Stuart Mill’s later writings on the subject foreshadowed the welfare state, it was mainly used as a justification for laissez-faire. The central concept of utilitarianism, which was developed by Jeremy Bentham, was that public policy should seek to provide “the greatest happiness of the greatest number”. While this could be interpreted as a justification for state action to reduce poverty, it was used by classical liberals to justify inaction with the argument that the net benefit to all individuals would be higher. His philosophy proved to be extremely influential on government policy and led to increased Benthamite attempts at government social control, including Robert Peel’s Metropolitan Police, prison reforms, the workhouses and asylums for the mentally ill.

The repeal of the Corn Laws in 1846 was a watershed moment and encapsulated the triumph of free trade and liberal economics. The Anti-Corn Law League brought together a coalition of liberal and radical groups in support of free trade under the leadership of Richard Cobden and John Bright, who opposed militarism and public expenditure. Their policies of low public expenditure and low taxation were later adopted by the liberal chancellor of the exchequer and later prime minister, William Ewart Gladstone. Although British classical liberals aspired to a minimum of state activity, the passage of the Factory Acts in the early 19th century which involved government interference in the economy met with their approval.

Tags Economy, England, Materialism / capitalism

Real men Table talks

Uncle Adolf’s table talk, 146

Post author By C .T.
Post date June 27, 2015
1 Comment on Uncle Adolf’s table talk, 146

5th July 1942, midday

The ten or fifteen thousand professional loafers who were lounging about Germany at the time of our assumption of power, and who showed no inclination to take a regular job when once German industry had started to function again, have been put into concentration camps. For it is ridiculous to try to deal by ordinary methods with muck of this kind. The fear of being put into a concentration camp has had a most salutary effect, and it greatly facilitated the gearing up of the gigantic industrial activity which our rearmament programme demanded.

That Germany has succeeded in solving this problem, as it has solved many others, is due in no small measure to the fact that the State has progressively assumed more and more control. Only in this way was it possible to defeat private interests and carry national interests triumphantly to their goal.

After the war, equally, we must not let control of the economy of the country slip from our hands. As most people are egotists at heart, any efficient functioning of a national economy is not possible without State direction and control. The Venetian Republic affords an excellent example of how successful a State directed economy can be. For five hundred years the price of bread in Venice never varied, and it was left to the Jews with their predatory motto of Free Trade to wreck this stability.

Tags Adolf Hitler, Economy, Germany, National Socialism

Currency crash

Ron Paul:

Post author By C .T.
Post date June 19, 2015
5 Comments on Ron Paul:

Economy will soon have “day of reckoning
when you’ll see the very, very big crash”

As the stock market surged close to all-time highs and the Federal Reserve hinted it wouldn’t raise interest rates, former Rep. Ron Paul (R-Texas) reiterated his fears that the US economy is not sustainable, predicting a huge crash in the near future.

“I look at the markets as being unstable, which means some days they go up a lot and some days they go down rapidly, but they don’t advance very far when you look at real growth,” Paul said on CNBC’s Futures Now on Thursday. “The [Federal Reserve] won’t allow this market to drop. This is why I’ve always leaned toward the assumption that the Fed is never going to raise interest rates deliberately. I think the market will raise interest rates.”

On Wednesday, the Fed released a statement that indicated it would not raise interest rates at this time, leading stocks to surge on Thursday. The Nasdaq topped its intraday high from March 2000, while the S&P 500 closed less than 1 percent off its all-time high.

Paul blamed the Chairman of the Federal Reserve for causing economic instability, noting that their every word can be interpreted by the market actors in radical and unexpected ways, leading to “havoc.” Market-determined interest rates, he suggested, would lead to more stability and better results for the economy.

“And we live in a chaotic world that’s totally unreal—people don’t depend on savings for their capital, they depend on the Fed. And the Fed says the slightest thing about, ‘Oh, maybe we shouldn’t print so much money til next week’, you know, all kinds of things can happen,” he added. “Eventually the value of money, the purchasing power of money will require that interest rates go up. But that is the game they’re playing, they fool a lot of people and as long as people believe the majority of the players still believe this, they’ll still be involved and they’re gonna make a lot of money.”

One of the things that Paul is adamant will happen is that the stock market will crash, bringing with it the entire US—and possibly world—economy with it.

“It could be tomorrow, it could be a month, it could be a couple years because it all depends on a psychological acceptance of the system,” he said. “I don’t think there’s any way to know what the time is but, you know, after 35 years of a gigantic bull market in bonds, believe me, they cannot reverse history. You cannot print money forever and deceive the markets forever.”

“Eventually, the markets will rule, and that’s only a question of when that will happen. And, of course, I run a little bit scared because I think there will be a day of reckoning,” Paul added.

Paul blames the “fallacy of economic planning through monetary policy” for the instability in the economy.

“You cannot have it, it’s artificial, it has nothing to do with freedom and free markets and capitalism and sound money, but it’s all artificial, it’s all political and that is why we are so vulnerable,” he said. “So we’re all on the verge—the country, the world is on the verge of looking more like Detroit and Greece than anything else. But [in] time that will happen—it’s probably not going to happen tomorrow or next month, but it will happen because this is unsustainable.”

Paul said he thinks the market correction is “going to be a lot more than anybody anticipates.”

“What I’m looking at is the ‘big one’, where all the malinvestment, all the mistakes made, all the pyramiding, all the unworthy debt that has been created, sovereign debt—our sovereign debt is really not payable… there’s no way the debt is going to paid—so the debt has to be liquidated, and that will come, but the big question is when will it come,” he said.

In the stock market crash of 1929, which marked the beginning of the Great Depression, the Dow Jones Industrial Average lost 11 percent of its value in one day.

“But as far as corrections go, I think 10 percent is puny. I think it’s going to be much greater and it will probably go a lot lower than people say it should… you know, markets overshoot,” Paul added.

And when the markets overshoot, Paul said, the result will be far worse than when the economy crashed in 2008, leading to the Great Recession. Because this time, the US won’t be able to bail the economy out.

“I don’t think it’s just going to be a correction. I think what will happen is the efforts made in ‘08 and ‘09 to correct all these mistakes will resume itself. That was just a notion of what the markets wanna do, but because they could bail out the big guys—the banks and big corporations—they were able to tide it over and restore confidence, so to speak,” Paul said. “But eventually though, the restoration of confidence in the system that doesn’t deserve confidence will be resumed. They will lose the confidence, and that is when you’ll see the very, very big crash.”

Tags Economy