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Tag: United States

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American civil war Deranged altruism Evil Kevin MacDonald

Diaspora, 2

Food for thought from Kevin
MacDonald’s Diaspora Peoples:

 
Puritans forbade the worship of Christmas, both in England and Massachusetts, and whipped, burned, and exiled those they found to be heretics, all the while believing themselves to be the beleaguered defenders of liberty…

At that time certain religious non-conformists, especially Anabaptists and Quakers, were still prevented from settling in New England and imprisoned, tortured, and even executed if they returned there…

As in the Old Testament, God’s wrath would be leveled at entire communities, not only individuals. Each member was therefore responsible for the purity of the whole, since transgressions of others would result in God’s wrath being leveled at the entire community. Puritans were therefore highly motivated to control the behavior of others that they thought might offend God. This included, of course, the sexual behavior of other community members.

Both East Anglia and New England had the lowest relative rates of private crime (murder, theft, mayhem), but the highest rates of public violence—“the burning of rebellious servants, the maiming of political dissenters, the hanging of Quakers, the execution of witches”. This record is entirely in keeping with Calvinist tendencies in Geneva…

Puritans waged holy war on behalf of moral righteousness even against their own cousins, perhaps a form of altruistic punishment described by Fehr and Gachter and found more often among cooperative hunter-gatherer groups than among groups, such as Judaism, based on extended kinship.

Whatever the political and economic complexities that led to the Civil War, it was the Yankee moral condemnation of slavery that inspired the rhetoric and rendered the massive carnage of closely related Anglo-Americans on behalf of slaves from Africa justifiable in the minds of Puritans.

Militarily, the war with the Confederacy rendered the heaviest sacrifice in lives and property ever made by Americans. Puritan moral fervor and its tendency to justify draconian punishment of evil doers can also be seen in the comments of “the Congregationalist minister at Henry Ward Beecher’s Old Plymouth Church in New York who went so far as to call for exterminating the German people, the sterilization of 10,000,000 German soldiers and the segregation of the woman.

In England, Puritanism never really developed into a group evolutionary strategy but remained a loosely bordered faction among other Protestant sects. In New England, however, it developed as a hegemonic religious and political movement in control of a particular territory. Membership in the church required a vote of the congregation. “The principal criterion, besides an upright behavior, was evidence that God had chosen the candidate for eternal salvation…”

Categories
Antiochus IV Epiphanes Tom Sunic

On Judaised Americans

My last posts on the Greco-Roman wars against the Jews (here and here) made me wonder… Just compare how pre-Christian Europeans handled the Jewish problem with how, in modern America, the red carpet was rolled out for the Jews since the 19th century in line with the dominant Judeo-Christian, liberal ideology.

As Tom Sunic explained in the very first chapter of Homo Americanus, in the US not a single politician will ever admit that America is a theocratic system with a peculiar political theology. Think of how Donald Trump recently became the first sitting American president to visit Jerusalem’s Western Wall!

If Aryans ever wish to re-establish their own racial sovereignty, they must identify their foe: Judeo-Christian ethics, which pervades even the white nationalist movement. One example will suffice. Greg Johnson has been working on a White Nationalist Manifesto for some time. When he finally publishes and advertises it through the forums, will it contain his “Old Right” bashing favouring an effete Neo-Christian “New Right”?

Whatever the impact of the forthcoming White Nationalist Manifesto among American racists, many of whom are Christians, the US owes its very existence to the Jews. The 17th century reverence for the Old Testament by those naïve, starry-eyed colonisers who imagined a “City on the Hill” comes to mind. “Very early on America’s founding fathers, pioneers, and politicians identified themselves as Jews who had come to the new American Canaan from the pestilence of Europe,” writes Sunic.

After another post on the Jewish-Roman wars, the following Saturdays I’ll be adding passages from Deschner’s Criminal History of Christianity describing how the Early Church dealt with the Jews. Despite their rabid anti-Semitism, early theologians did not push for those pagan attempts to solve the Jewish problem once and for all.

Certainly, unlike the US, in anti-Semitic Christendom the Jews were not revered, but they were tolerated. Those early theologians that I’ll be quoting on Saturdays are similar to the white nationalists of today: much barking but no bites. This is why, unlike National Socialism, white nationalism won’t ever work. Whites must transvalue “New Right” values back to “Old Right” values!

Antiochus’ war (167-164 BCE)

“He ordered his soldiers to cut down without mercy those whom they met and to slay those who took refuge in their houses. There was a massacre of young and old, a killing of women and children, a slaughter of virgins and infants. In the space of three days, eighty thousand were lost, forty thousand meeting a violent death, and the same number being sold into slavery.” —2 Maccabees, 5:11–14.

The siege of Jerusalem (63 BCE)

Jews were massacred by invading Romans. The event marked the end of Jewish independence.

The Samaritan Revolt (36 CE)

The Samaritans rebelled against the Romans. The rebels were ruthlessly massacred by order of the Roman Procurator.

The First Jewish-Roman War (66-73 CE)

Jews were massacred by Romans throughout the war; 97,000 enslaved. It was the first of three major Jewish revolts against the Romans. It resulted in the destruction of the Holy Temple and a devastating depopulation of the Jewish population as the massacre wiped out a large percentage of their population. (Again, compare Titus’ deeds with what Donald Trump did a couple of months ago in what remains of that temple.)

Bar Kokhba revolt (132-136 CE)

Decisive Roman victory. The Romans enslaved many Jews of Judaea, massacred many Jews, suppressed Jewish religious and political authority, banned Jews from Jerusalem, and renamed and merged Judaea into the Syrian Palestine province. The war meant another devastating depopulation of the Jewish population.

If white nationalists, so overwhelmed by Judeo-Christian ethics, are not committing ethnic suicide how do you explain that they are not celebrating such victories?

Guide to investing in gold & silver, 2

by Mike Maloney


 

Chapter Two:
The wealth of nations

In studying monetary history to identify cycles, it is necessary to examine both sides of the coin so to speak. The temptation is for people to blame all their woes on their government. Certainly governments are often at fault when it comes to inflation through fiat monetary policy, but one must never forget that in the end we are ultimately the ones who consent to our government’s rule. History is full of examples of greed leading a populace to do incredibly stupid things. Indeed, we don’t need government to ruin our economy. We can get by just fine by ourselves, thank you.

The best example I can think of is the tulip mania of 1637.
 

A tulip is still a tulip…

In order to understand the absurdity of this moment in history I’m about to share with you, you simply have to ask yourself: Would I pay $1.8 million for a tulip bulb? If the answer to that question is yes, then please put this book down and get some professional help. Otherwise, read on and see just how crazy the public can become.

Everyone thinks of tulips when they think of Holland. Then they think of beer. What many people don’t know is that tulips are not indigenous to Holland. They were imported. In 1593 the first tulip bulbs were brought from Turkey to Holland. They quickly became a status symbol for royalty and the wealthy. This developed into a mania, and soon a tulip exchange was established in Amsterdam.

Very quickly this mania turned into an economic bubble. You may find this comical; in 1636 a single tulip bulb of the Viceroy variety was traded for the following: 2 lasts (a last is 4,000 pounds) of wheat, 4 lasts of rye, 4 fat oxen, 8 fat swine, 12 fat sheep, 2 hogsheads (140 gallon wooden barrel) of wine, 4 tons of beer, 2 tons of butter, 1,000 pounds of cheese, 1 bed, 1 suit of clothes, and 1 silver goblet.

At its very peak in 1637 a single bulb of the Semper Augustus variety was sold for 6,000 florins. The average yearly wage in Holland at the time was 150 florins. That means that tulip bulbs were selling for 40 times the average Hollander’s annual income. To put that into perspective, let’s assume the average U.S. salary is $45,000. That means that a tulip bulb in today’s terms would cost you $1.8 million.

Soon people began to realize how absolutely crazy the situation had become, and the smart money (if you can call anyone involved in this mania smart) began to sell. Within weeks tulip bulb prices fell to their real value, which was several tulip bulbs for just one florin.

The financial devastation that swept across northern Europe as a result of this market crash lasted for decades.

 
John Law and central banking

Another great example of a society replacing its money with an ever inflating currency supply is the story of John Law. John Law’s life was a true roller-coaster ride of epic proportions.

Born the son of a Scottish goldsmith and banker, John Law was a bright boy with high mathematical aptitude. He grew up to be quite a gambler and ladies’ man, and lost most of his family fortune in the course of his exploits. At one point, he got into a fight over a woman and his opponent challenged him to a duel. He shot his opponent dead, was arrested, tried, and sentenced to hang. Being the knave that he was, Law escaped from prison and fled to France.

Meanwhile, Louis XIV was running France deeply into debt due to war mongering and his lavish lifestyle. John Law, who was now living in Paris, became a gambling buddy with the Duke d’Orleans, and it was at about this time that Law published an economic paper promoting the benefits of paper currency.

When Louis XIV died, his successor, Louis XV was only eleven years old. The Duke d’Orleans was placed as regent (temporary king), and to his horror he found out that France was so deep in debt that taxes didn’t even cover the interest payments on that debt. Law, sensing opportunity, showed up at the royal court with two papers for his friend blaming the problems of France on insufficient currency and expounding the virtues of paper currency. On May 15, 1716, John Law was given a bank (Banque Générale) and the right to issue paper currency, and there began Europe’s foray into paper currency.

The slightly increased currency supply brought a new vitality to the economy, and John Law was hailed as a financial genius. As a reward the Duke d’Orleans granted Law the rights to all trade from France’s Louisiana Territory in America. The Louisiana Territory was a huge area comprising about 30 percent of what is now the United States, stretching from Canada to the mouth of the Mississippi River.

At that time, it was believed that Louisiana was rich in gold, and John Law’s new Mississippi Company, with the exclusive rights to trade from this territory, quickly became the richest company in France. John Law wasted no time capitalizing on the public’s confidence in his company’s prospects and issued 200,000 company shares. Shortly after that the share price exploded, rising by more than 30 times in a period of months. Just imagine, in a few short years, Law went from a gambling addict and penniless murderer to one of the most powerful financial figures in Europe.

Again, Law was rewarded. This time the Duke bestowed upon him and his companies a monopoly on the sale of tobacco, the sole right to refine and coin silver and gold, and he made Law’s bank the Banque Royale. Law was now at the helm of France’s central bank.

Now that his bank was the royal bank of France it meant that the government backed his new paper notes, just as our government backs the Federal Reserve’s paper notes. And since everything was going so well, the Duke asked John Law to issue even more notes, and Law, agreeing that there is no such thing as too much of a good thing, obliged. The government spent foolishly and recklessly while Law was pacified with gifts, honors, and titles.

Yes, things were going quite well. So well, in fact, that the Duke thought that if this much currency brought so much prosperity, then twice as much would be even better. Just a couple of years earlier the government couldn’t even pay the interest on its debt, and now, not only had it paid off its debt, but it could also spend as much currency as it wanted. All it had to do was print it.

As a reward for Law’s service to France, the Duke passed an edict granting the Mississippi Company the exclusive right to trade in the East Indies, China, and the South Seas. Upon hearing this news, Law decided to issue 50,000 new shares of the Mississippi Company. When he made the new stock offer, more than 300,000 applications were made for the new shares. Among them were dukes, marquises, counts, and duchesses, all waiting to get their shares. Law’s solution to the problem was to issue 300,000 shares instead of the 50,000 he was originally planning, a 500 percent increase in the total number of shares.

Paris was booming due to the rampant stock speculation and the increased currency supply. All the shops were full, there was an abundance of new luxury goods, and the streets were bustling. As Charles Mackay puts it in his book Extraordinary Popular Delusions and the Madness of Crowds, “New houses were built in every direction, and an illusory prosperity shone over the land, and so dazzled the eyes of the whole nation, that none could see the dark cloud on the horizon announcing the storm that was too rapidly approaching.”

Soon, however, problems started to crop up. Due to the inflation of the currency supply, prices started to skyrocket. Real estate values and rents, for instance, increased 20-fold.

Law also began to feel the effects of the rampant inflation he had helped create. With the next stock issue of the Mississippi Company, Law offended the Prince de Conti when he refused to issue him shares at the price the royal wanted. Furious, the Prince sent three wagons to the bank to cash in all of his paper currency and Mississippi stock. He was paid with three wagonloads-ful of gold and silver coin. The Duke d’Orleans, however, was incensed and demanded the Prince return the coin to the bank. Fearing that he’d never be able to set foot in Paris again, the Prince returned two of the three wagonloads.

This was a wake-up call to the public, and the “smart money” began to exit fast. People started converting their notes to coin, and bought anything of transportable value. Jewelry, silverware, gemstones, and coin were bought and sent abroad or hoarded.

In order to stop the bleeding, in February of 1720 the banks discontinued note redemption for gold and silver, and it was declared illegal to use gold or silver coin in payment. Buying jewelry, precious stones, or silverware was also outlawed. Rewards were offered of 50 percent of any gold or silver confiscated from those found in possession of such goods (payable in banknotes of course). The borders were closed and carriages searched. The prisons filled and heads rolled, literally.

Finally, the financial crisis came to a head. On May 27, the banks were closed and Law was dismissed from the ministry. Banknotes were devalued by 50 percent, and on June 10 the banks reopened and resumed redemption of the notes for gold at the new value. When the gold ran out, people were paid in silver. When the silver ran out, people were paid in copper. As you can imagine, the frenzy to convert paper back to coin was so intense that near riot conditions ensued. Gold and silver had delivered a knockout blow.

By then John Law was now the most reviled man in France. In a matter of months he went from arguably the most powerful and influential force in society back to the nobody he was before. Law fled to Venice where he resumed his life as a gambler, lamenting, “Last year I was the richest individual who ever lived. Today I have nothing, not even enough to keep alive.” He died broke, in Venice, in 1729.

The collapse of the Mississippi Company and Law’s fiat currency system plunged France and most of Europe into a horrible depression, which lasted for decades. But what astounds me most is that this all transpired in just four short years.

 
The Weimar Republic—a painful lesson learned

By now you’ve learned the kind of damage fiat currency can cause. Now let’s look at another example and identify the silver lining (no pun intended), and how such extreme situations can actually present opportunities to acquire vast wealth.

At the beginning of World War I, Germany went off the gold standard and suspended the right of its citizens to redeem their currency (the mark) for gold and silver. Like all wars, World War I was a war of and by the printing press. The number of marks in circulation in Germany quadrupled during the war. Prices, however, had not kept up with the inflation of the currency supply. So the effects of this inflation were not felt.

The reason for this peculiar phenomenon was because in times of uncertainty people tend to save every penny. World War I was definitely a time of uncertainty. So even though the German government was pumping tons of currency into the system, no one was spending it—yet. But by war’s end, confidence flooded back along with the currency that had been on the sidelines, and the ravaging effects worked their way through the country as prices rose to catch up with the previous monetary inflation.

Just before the end of the war, the exchange rate between gold and the mark was about 100 marks per ounce. But by 1920 it was fluctuating between 1,000 and 2,000 marks per ounce. Retail prices shortly followed suit, rising by 10 to 20 times. Anyone who still had the savings they had accumulated during the war was bewildered when they found it could only buy 10 percent or less of what it could just a year or two earlier.

Then, all through the rest of 1920 and the first half of 1921, inflation slowed, and on the surface the future was beginning to look a little brighter. The economy was recovering, business and industrial production was up. But now there were war reparations to pay, so the government never stopped printing currency. In the summer of 1921 prices started rising again and by July of 1922 prices had risen another 700 percent.

This was the breaking point. And what broke was people’s confidence in their economy and their currency. Having watched the purchasing power of their savings fall by 90 percent in 1919, they knew better this time around. They were smarter; they had been here before.

All at once, the entire country’s attitude toward currency changed. People knew that if they held on to their currency for any period of time they’d get burned… the rising prices would wipe out their purchasing power. Suddenly everybody started to spend their currency as soon as they got it. The currency became a hot potato, and no one wanted to hang on to it for a second.

After the war, Germany made the first reparations payment to France with most of its gold and made up the balance with iron, coal, wood, and other materials, but it simply didn’t have the resources to meet its second payment. France thought Germany was just trying to weasel its way out of paying. So, in January of 1923, France and Belgium invaded and occupied the Ruhr (the industrial heartland of Germany). The invading troops took over the iron and steel factories, coal mines and railways.

In response, the German Weimar government adopted a policy of passive resistance and noncooperation, paying the factories’ workers, all 2 million of them, not to work. This was the last nail in the German mark’s coffin.

Meanwhile, the government put its printing presses into overdrive. According to the front page of the New York Times, February 9, 1923, Germany had thirty-three printing plants that were belching out 45 billion marks every day! By November it was 500 quadrillion a day (yes, that’s a real number).

The German public’s confidence, however, was falling faster than the government could print the new currency. The government was caught in a downward economic spiral. A point of no return had been passed. No matter how many marks the government printed, the value fell quicker than the new currency could enter into circulation. So the government had no choice but to keep printing more and more and more.

By late October and early November 1923, the German financial system was breaking down. A pair of shoes that cost 12 marks before the war now cost 30 trillion marks. A loaf of bread went from half a mark to 200 billion marks. A single egg went from 0.08 mark to 80 billion marks.

The German stock market went from 88 points at the end of the war to 26,890,000,000, but its purchasing value had fallen by more than 97 percent.

Only gold and silver outpaced inflation. The price of gold had gone from around 100 marks to 87 trillion marks per ounce, an 87 trillion percent increase in price. But it is not price, but value, that matters, and the purchasing power of gold and silver had gone up exponentially.

When Germany’s hyperinflation finally came to an end on November 15, 1923, the currency supply had grown from 29.2 billion marks at the beginning of 1919 to 497 quintillion marks, an increase of the currency supply of more than 17 billion times. The total value of the currency supply, however, had dropped 97.7 percent against gold.

[Note of the Ed.: In his books and audiovisual materials, Maloney loves charts. In “Chart 1. Price of 1 Ounce of Gold in German Marks from 1914-1923” he depicts the Weimar Republic hyperinflation from one to a trillion paper marks per gold mark. We won’t be reproducing his charts in this site, but the curious reader can see them: here.]

The poor were already poor before the crisis, so they were affected the least. The rich, at least the smart ones, got a whole lot richer. But it was the middle class that was hurt the most. In fact, it was all but obliterated.

But there were a few exceptions. There were a few who had the right qualities and cunning to take advantage of the economic environment. They were shrewd, adept, and nimble, but most of all, adaptable. Those who could quickly adapt to a world they had never seen before, a world turned upside down, prospered. It didn’t matter what class they came from, poor or middle class, if they could adapt, and adapt well, they could become wealthy in a matter of months.

At this time, an entire city block of commercial real estate in downtown Berlin could be purchased for just 25 ounces of gold ($500). The reason for this is that those who held their wealth in the form of currency became poorer and poorer as they watched their purchasing power destroyed by the government. On the flip side, those who held their wealth in the form of gold watched their purchasing power increase exponentially as they became wealthy by comparison.

Here is the important lesson: During financial upheaval, a bubble popping, a market crash, a depression, or a currency crisis such as this one, wealth is not destroyed. It is merely transferred. During the Weimar hyperinflation, gold and silver didn’t just win, but smashed their opponent into the ground, by delivering yet another devastating knockout blow to fiat currency. Thus, those who held on to real money, instead of currency, reaped the rewards many times over.

Categories
Autobiography Egalitarianism George Lincoln Rockwell Pseudoscience

This Time, 8

rockwell

A passage from This Time the World
by George Lincoln Rockwell

But then, in 1939, I sat in “Sociology I” class and tried my best to make some sense out of it all. I had been happy at the chance to study sociology, as it appeared to me logical that there must be some fundamental principles of the development of the social relationships of life, as I had discovered simple basic principles of other affairs I had looked into. I was most eager to learn these basic principles of the operation of human society so that I could understand the events around me and perhaps even predict sociological occurrences in accordance with the principles I would be taught.

But it would be many, many years before I would fight my way into the intellectual sunshine of such simple, fundamental and logical presentations of the facts of social life. In Professor Bucklin’s classroom on society, all was the most depressing darkness and confusion. It all sounded most enlightening, of course. There were lots of brave new words, ethnic groups, etc., but try as I might, I could not get to the bottom of it all to find any idea or principle I could get hold of. Everything was “by and large” and “in most cases” and “on the other hand” and “So-and-so says, but Dr. So-and-so says absolutely not.” Muddiness of mind was not deplored, but glorified. I buried myself in my sociology books, absolutely determined to find out why I was missing the kernel of the thing.

The best I could come up with was that human beings are all helpless tools of the environment; that we are all born as rigidly equal lumps and that the disparity of our achievements and stations was entirely the result of the forces of environment—that everybody, therefore, could theoretically be masters, geniuses and kings if only we could sufficiently improve everybody’s environment. I was bold enough to ask Professor Bucklin if this were the idea and he turned red with anger. I was told it was “impossible” to make any generalizations, although all I was asking was for the fundamental idea, if any, of sociology.

I began to see that sociology was different from any other course I had ever taken. Certain ideas produced apoplexy in the teacher, particularly the suggestion that perhaps some people were no good biological slobs from the day they were born. Certain other ideas, although they were never formulated nor stated frankly, were fostered and encouraged—these were always ideas revolving around the total power of the environment.

Slowly, I got the idea. At first, I just used it to get better grades. When I wrote my essay answers in examinations, I poured it on heavily that all hands in the civilization in question were potential Leonardo da Vincis, no matter how black they were, nor how they ate their best friends for thousands of years; and that with a quick change in environment, these cannibals too would be writing arias, building Parthenons and painting masterpieces.

But then I began to wonder “how come”? Certainly, environment was important. Anybody could see that. But it was obviously negative. You can make a helpless boob out of a born genius by bringing him up in a dark closet, but you can’t make a genius out of a drooling idiot, even by sending him to Brown [University]. Was it just old man Bucklin who was insane with environment? Or was it the whole subject? I went to the library and read more sociology books. They were universally pushing the same idea.

I began to make fun of sociology in the college paper in my column and got into more trouble. Some of the columns were “killed” before seeing the light. I was still too ignorant to know that I was fighting Lysenko and Marx and the whole Soviet theory of environmentalism—which has captured and hypnotized or terrorized all our intellectuals—and I imagined I was battling just one foolish college course!

During my second year at Brown, my picture of the world darkened as I discovered more and more intellectual dishonesty in this university which had first seemed almost heaven itself to me. I still knew little or nothing about Communism or its pimping little sister, “liberalism”, but I could not avoid the steady pressure, everywhere in the university, to accept the idea of massive human equality and the supremacy of environment. In every course, I was repelled by the intellectual cowardice of the faculty in failing to stand up for any doctrine whatsoever.

I majored in philosophy and, while I admired the intellectual brilliance of my professors, particularly Professor Ducasse, I was hugely disappointed in the headlong retreat of all the faculty whenever they were asked their own opinions as to the objective truth in any matter. I was told that “eternal seeking” is the way to knowledge and there is no denying that, but lively discussion is also vital to any advance of knowledge and you cannot have any lively discussion where the opposition either doesn’t exist or melts away like a wraith when you seek to take hold of it.

I was running into the disease of our modern life: cowardice and pathological fear of a strong personality or strong ideas. Dale Carnegie has codified and commercialized this creeping disease as “how to win friends and influence people”, which boils down to the essential principle of having no personality or strong feelings or ideas and becoming passive and empty so that “the other fellow” can display his ideas and personality. But he, too, is trying to become popular by being passive and dispassionate, so that the result is like connecting two dead batteries: no current. Such human robots are suited to enslavement by a 1984-type society, but not to life in a bold, free society of men. This is the way women should be, perhaps, but not our men and especially not our leaders.

I found the same feeble feminine approach in every subject except in the sciences, and for these last, I was very grateful. In geology and psychology I could find a few principles and laws which stayed there when I reached out to grasp them, and so I reveled in these subjects and rebelled to the limit of my capacity in the others. In sociology I went so far as to write an insolent examination paper which almost got me thrown out of Brown.

Categories
Ancient Greece Ancient Rome

Guide to investing in gold & silver, 1

by Mike Maloney


 

Chapter One:
The Battle of the Ages

Throughout the history of civilizations an epic battle has always been waged. It is an unseen battle, unknown by most of the people it affects. Yet, all feel the effects of this battle in their daily lives. Whether it be at the supermarket when you notice that a gallon of milk is a dollar more than it was last time, or when you get your heating bill and it has unexpectedly jumped by $50, you are feeling the effects of this hidden battle.

This battle is between currency and money, and it is truly a battle of the ages.

Most often this battle takes place between gold and silver, and currencies that supposedly represent the value of gold and silver. Inevitably people always think that currency will win. They have the same blind faith every time, but in the end, gold and silver always revalue themselves and they always win.

To understand how gold and silver periodically revalue, you first need to know the differences between money and currency.

Throughout the ages many things have been currency. Livestock, grains, spices, shells, beads, and paper have all been forms of currency, but only two things have been money. You guessed it: gold and silver.
 
Currency

A lot of people think currency is money. For instance, when someone gives you some cash, you presumably think of it as money. It is not. Cash is simply a currency, a medium of exchange that you can use to purchase something that has value, what we would call an asset.

Currency is derived from the word current. A current must keep moving or else it will die (think electricity). A currency does not store value in and of itself. Rather, it is a medium whereby you can transfer value from one asset to another.
 
Money

Money, unlike currency, has value within itself. Money is always a currency, in that it can be used to purchase other items that have value, but as we’ve just learned, currency is not always money because it doesn’t have value in and of itself. If you are having a hard time grasping this, just think about a hundred-dollar bill. Do you think that paper is worth $100?

The answer is, of course, no. That paper simply represents value that is stored somewhere else—or at least it used to be before our money became currency. Later we will study the history of our currency and the gold standard, but for now all you need to know is that the U.S. dollar is backed by nothing other than hot air, or what is commonly referred to as “the good faith and credit of the United States.” In short, our government has the ability to, and has been, creating money at will without anything to back it up. You might call this counterfeiting; the government calls it fiscal policy. The whole thing is what we refer to as fiat currency.
 
Fiat currency

A fiat is an arbitrary decree, order, or pronouncement given by a person, group, or body with the absolute authority to enforce it. A currency that derives its value from declaratory fiat or an authoritative order of the government is by definition a fiat currency. All currencies in use today are fiat currencies.

For the rest of this book I will use these proper definitions. At first it will sound strange to you, but it will only serve to highlight, and bring greater understanding of, the differences between currency and money.

Hopefully, by the end of the book you will see that it is the general public’s lack of understanding concerning this difference between currency and money that has created what I believe will be the greatest wealth accumulation opportunity in history What you will learn about currency and money in this book is knowledge that probably 99 percent of the population has no clue about or desire to learn. So congratulations, you will be way ahead of the game.
 
Inflation

When I talk about inflation or deflation I’m talking about the expansion or contraction of the currency supply. The symptom of monetary inflation or deflation is rising or falling prices, which I will sometimes refer to as price inflation or price deflation. Regardless, one thing is for sure. With inflation everything gets more valuable except currency.
 
Adventures in currency creation

Fiat currencies don’t usually start out that way, and those rare cases when they have were very short-lived. Societies usually start with high value commodity money such as gold and silver. Gradually, the government hoodwinks the population into accepting fiat currency by issuing paper demand notes that are redeemable in precious metals. These demand notes (currency) are really just “certificates of deposit,” “receipts,” or “claim checks” on the real money that is in the vault. I would venture to say that many Americans think this is how the U.S. dollar works today.

Once a government has introduced a paper currency, they then expand the currency supply through deficit spending, printing even more of the currency to cover that spending, and through credit creation based on fractional reserve banking (something we’ll cover later on). Then, usually due to war or some other national emergency, like foreign governments or the local population trying to redeem their demand notes (bank runs), the government will suspend redemption rights because they don’t have enough gold and silver to cover all of the paper they have printed, and poof! You have a fiat currency.

Here’s the dirty little secret: Fiat currency is designed to lose value. Its very purpose is to confiscate your wealth and transfer it to the government. Each time the government prints a new dollar and spends it, the government gets the full purchasing power of that dollar. But where did that purchasing power come from? It was secretly stolen from the dollars you hold. As each new dollar enters circulation it devalues all the other dollars in existence because there are now more dollars chasing the same amount of goods and services. This causes prices to rise. It is the insidious stealth tax known as inflation, robbing you of your wealth like a thief in the night.

Throughout the centuries, gold and silver have battled it out with fiat currency, and the precious metals have always won. Gold and silver revalue themselves automatically through the free market system, balancing themselves against the fiat currency in the process. This is a pattern that has been repeating and repeating since the first great currency crash in Athens in 407 B.C. Whenever an investor detects the beginning of one of these battles, the opportunities (according to history) to accumulate great wealth in a very short period of time are enormous.

It always seems to start the same way. Energy builds as the currency supply is expanded, and then, through natural human instincts, the coming crash is felt by the masses, and suddenly, in an explosive move and in a relatively short amount of time, gold and silver will revalue themselves to account for the currency that has been created in the meantime, and then some. If you see the writing on the wall and then take action before the masses do, your purchasing power will grow exponentially as gold and silver grow in value relative to an inflated currency. If you don’t, you’re in for a wipeout.

These heavyweight bouts between fiat currency and gold and silver can end one of two ways:

  1. A technical decision, where the fiat currency becomes an asset backed by gold or silver again.

Or:

  1. A knockout blow that is the death of the fiat currency.

Either way, gold and silver are always declared the victors. They are always the reigning heavyweight champions of the world. But you don’t have to take my word for it. Let’s see what history has to say.
 
It’s all Greek to me

Winston Churchill once said, “The farther backward you can look, the farther forward you are likely to see.” So in the spirit of Churchill, we are going to look back… way back to the time of the Greeks.

Gold and silver have been the predominant currency for 4,500 years, but they became money in Lydia, in about 680 B.C. when they were minted into coins of equal weight in order to make trade easier and smoother. But it was when coinage first made its appearance in Athens that it truly flourished. Athens was the world’s first democracy. They had the world’s first free-market system and working tax system. This made possible those amazing architectural public works like the Parthenon.

Indeed for many years the Athens star shone brightly. If you’ve studied your history, then you know they are considered one of the great civilizations of all time. You’ll also know that their civilization fell a long time ago. So what happened? Why did such a great and powerful civilization like Athens fall? The answer lies in the same pattern we can see time and time again throughout history: too much greed leading to too much war.

Athens flourished under their new monetary system. Then they became involved in a war that turned out to be much longer and far more costly than they anticipated (sound familiar?). After twenty-two years of war, their resources waning and most of their money spent, the Athenians came up with a very clever way to continue funding the war. They began to debase their money in an attempt to soldier on. In a stroke of genius the Athenians discovered that if you take in 1,000 coins in taxes and mix 50 percent copper in with your gold and silver you can then spend 2,000 coins! Does this sound familiar to you? It should… it’s called deficit spending, and our government does it every second of every day.

This was the first time in history that gold or silver had a price outside itself. Before the Athenians’ bright idea, everything that you could buy was priced in a weight of gold or silver. Now, for the first time, there was official government currency that was not gold and silver, but rather a mixture of gold or silver and copper. You could buy gold and silver with it, but the currency supply was no longer gold and silver in and of themselves.

Over the next two years their beautiful money became nothing more than currency, and as a consequence it became practically worthless. But obviously, once the public woke up to the debasement, anyone who had held on to the old pure gold and silver coins saw their purchasing power increase dramatically.

Within a couple of years the war that had started the whole process had been lost. Athens would never again enjoy the glory they once knew, and they eventually became nothing more than a province of the next great power, Rome.

And the very first regional heavyweight bout between currency and money goes to the “real money,” as gold and silver are crowned the “heavyweight champions of Athens”.
 
Rome is burning

Rome supplanted the Greek empire as the dominant power of its day, and during its centuries of dominance, the Romans had ample time to perfect the art of currency debasement. Just as with every empire in history, Rome never learned from the mistakes of past empires, and therefore they were doomed to repeat them.

Over 750 years, various leaders inflated the Roman currency supply by debasing the coinage to pay for war, which would lead to staggering price inflation. Coins were made smaller, or a small portion of the edge of gold coins would be clipped off as a tax when entering a government building. These clippings would then be melted down to make more coins. And of course, just as the Greeks did, they too mixed lesser metals such as copper into their gold and silver. And last but not least, they invented the not so subtle art of revaluation, meaning they simply minted the same coins but with a higher face value on them.

By the time Diocletian ascended to the throne in A.D. 284, the Roman coins were nothing more than tin-plated copper or bronze, and inflation (and the Roman populace) was raging.

In 301, Diocletian issued his infamous Edict of Prices, which imposed the death penalty on anyone selling goods for more than the government-mandated price and also froze wages. To Diocletian’s surprise, however, prices just kept rising. Merchants could no longer sell their wares at a profit, so they closed up shop. People either left their chosen careers to seek one where wages weren’t fixed, or just gave up and accepted welfare from the state. Oh yeah, the Romans invented welfare. Rome had a population of about one million, and at this period of time, the government was doling out free wheat to approximately 200,000 citizens. That equaled out to 20 percent of the population on welfare.

Because the economy was so poor, Diocletian adopted a guns and butter policy, putting people to work by hiring thousands of new soldiers and funding numerous public works projects. This effectively doubled the size of the government and the military, and probably increased deficit spending by many multiples.

When you add the cost of paying all these troops to the swelling masses of the unemployed poor receiving welfare and the rising costs of new public works projects, the numbers were staggering. Deficit spending went into overdrive. When he ran short of funds, Diocletian simply minted vast quantities of new copper and bronze coins and began, once again, debasing the gold and silver coins.

All this resulted in the world’s first documented hyperinflation. In Diodetian’s Edict of Prices (a very well preserved copy of which was unearthed in 1970), a pound of gold was worth 50,000 denari in the year A.D. 301, but by mid-century was worth 2.12 billion denari. That means the price of gold rose 42,400 times in fifty or so years. This resulted in all currency-based trade coming to a virtual standstill, and the economic system reverted to a barter system.

To put this in perspective, fifty years ago the price of gold was $35 per ounce in the United States. If it rose 42,400 times, the price today would be just under $1.5 million per ounce. In terms of purchasing power, that means if an average new car sold for about $2,000 fifty years ago, which they did, the average car today would sell for $85 million.

This signaled the second great victory for gold and silver over fiat currency in history. So there you go, gold and silver are now 2 and 0.

In the end it was currency debasement and pure deficit spending to fund the military, public works, social programs, and war that brought down the Roman Empire. Just as with every empire throughout history, it thought it was immune to the laws of economics.

As you will see, debasing the currency to pay for public works, social programs, and war is a pattern that repeats throughout history. It is a pattern that always ends badly.

Categories
Civil war Evil James Mason

Siege, 3

Mail-Order Revolution?

At the time of the first American Revolution the adversary was the King of England. This man could have been called a lot of things but he couldn’t be called evil. The enemy today is the U.S. Government itself and it is, by every standard of measure, the most evil thing that has ever existed on earth. This, once it has sunk home, should be a good enough indicator of the sort of struggle we have ahead of us.

I’m not going to agonize over “How evil is it?” because that would be typically Right Wing and a waste of time. Rather, I’m going to tell you what that means, or should mean to you if you claim to have the three big essentials for accomplishing anything that were set forth by George Lincoln Rockwell over twenty years ago: sufficient intelligence to perceive and understand; sufficient strength, courage and resources to act; and sufficient will to persevere in spite of whatever obstacle or hardship.

It means this: they’re not going to let us do it. It means that we’re going to have to do it in spite of them. Over their dead bodies.

Will this be done by any legally chartered, tax-paying outfit? Will it be done by any outfits that own land and have public headquarters? Will it be done by those with big bank accounts (by “big” I mean those that read in figures greater than four digits) who deposit, withdraw and earn interest? Will it be accomplished by strings of P.O. boxes? The best, most sobering question I can hit anyone with is: will this, the most evil system on earth, allow anything even remotely dangerous to pass through its own postal system, to apply for and get special bulk rate mail permits, etc.?

The answer is a flat no. Those who point to the dozens of outfits currently operating in an attempt to belie that statement are in a hopeless fog. Those who agree but qualify it with, “Up to a point”, may have hope left yet. Those who disagree totally would also believe we can win through the electorate, with the consent of the masses. Those who partially agree, I suppose, imagine we will have to fight a “partial” revolution.

Despite hopeful showings of any Nazi or Klan candidates at the polls, it amounts to nothing concrete; if they gain a lot of votes but fail to win the election they are as bad off as before because those voters haven’t got the guts to do anything more than pull a lever in secret… they’ll never make contact or provide support directly; and those that may win the election are in for the hassle of their lives dealing with “fellow Democrats”, etc., who are rabidly pro-Jew, pro-Black, if not outright Red. (But hats off to those few who try as they do lend to the revolutionary climate and help reveal by their results what the national pulse-rate is like, and what kind of potential support we might expect once a full-scale revolt is launched).

And here again, can you picture a scenario like this: that great “Silent Majority” has at last gotten fed up, found its wits and given the Nazis or the Klan a voter mandate. The Jews, the Blacks, and the assorted fanatic Reds, etc. least of all to mention the entrenched Capitalist System manned largely by sick, liberal Whites give up, say it was a fair fight, shake hands and turn it all over to us.

It’s just too crazy to contemplate. If it even started to look like we were verging on some kind of real power they’d go nuts and pull out all stops against us. It has even been predicted that they would go as far as to use H-Bombs against any large strongholds and I wouldn’t doubt it a bit considering the stakes.

It’ll be a real fight but it won’t be a fair fight. Matters of survival seldom are.

Vol IX, # 4, August, 1980

Categories
Currency crash

Guide to investing in gold & silver

by Mike Maloney

 

Preface

I believe the greatest investment opportunity in history is knocking on your door. You can open it, or not… the choice is yours.

For the past 2,400 years a pattern has continually repeated in which governments debase and dilute their money supply until a point where the common psyche of the populace and the collective mind of a country begin to feel that something isn’t right.

You probably feel that way right now.

As the debasement progresses, the population senses the loss of their purchasing power. Then something miraculous happens. Through the free market system, the will of the public causes gold and silver to automatically revalue. In doing so, it accounts for all the currency that was created since the last revaluation.

It’s automatic, and it’s natural; gold and silver have always done this, and they always will. People have an innate sense of the rarity of gold and silver. When paper money becomes too abundant, and thus loses value, man always turns back to the precious metals. When the masses come rushing back, the value (purchasing power) of gold and silver increases exponentially.

During these events there is always an enormous wealth transfer, and it is within your power to choose whether it is transferred toward you, or away from you. If you choose to have it transferred toward you, then you must first educate yourself, and second, take action.

This book is about both education and taking action. In its pages you will find both historical perspective and practical advice about how to take advantage of what I believe to be the biggest precious metals boom ever. At first you might be surprised by the amount of history I’ve laid out here, but I assure you there is a reason to my rhyme. For it is only by understanding our past that we can truly know the present. And presently we are faced with a very rare opportunity to increase our wealth exponentially—if we are armed with the right knowledge.

This book will equip you with all you need to become a successful precious metals investor, and will equip you with the knowledge you need to take your financial future into your own hands.
 

Introduction

This book will change and expand your context—if you let it. We will explore some very “contextual” stories of how gold and silver have revalued themselves throughout history as governments abused their currencies, just as the United States is doing today. We’ll talk about bubbles, manias, and panics because every investor should have some understanding of mass psychology and dynamics. After all, it is greed and fear that move the markets.

After we’ve explored the stories history provides for us, I will show where we are today economically, which is on the brink of economic disaster, what we will call the perfect economic storm. In the United States, the recklessness with which we spend and the poor planning our government employs has created an economic momentum that is unsustainable. As you will see, our currency (the dollar) is on its way to crashing, and this can only lead to far higher values for gold and silver. Together we will study the current state of the U.S. and global economies, and the supply and demand fundamentals of gold and silver versus the U.S. dollar.

You will also learn about two of the many natural economic cycles that repeat and repeat throughout history. One is the stock cycle, where stocks and real estate outperform gold, silver, and commodities, and then the cycle reverses and becomes a commodities cycle where gold, silver, and commodities outperform stocks and real estate. The other cycle is less known, less regular, and less frequent: the currency cycle, where societies start with quality money and then move to quantity currency and then back again.

These cycles swing like a pendulum throughout time, and they provide an economic barometer for the astute investor.

The greatest wealth can be accumulated in the shortest period of time when gold and silver revalue themselves. I believe this has already begun, and I believe that this revaluation will be staggering in its economic impact as the perfect convergence of economic cycles are brewing the perfect economic storm.

These cycles that ebb and flow throughout history are as natural as the coming of the tides. And while betting against them may be hazardous to your financial health, investing with them can bring you great wealth.

This book will unfold in four parts:

Part 1: Yesterday

In Part One of this book we will study some of the lessons history teaches us about economic cycles, paper currency, and their effect on gold and silver. I will give you examples of how gold and silver have always won out over fiat currency (a fancy term for money that is not backed by something tangible like gold or silver). I will also show you how manias and panics can change economic conditions in the blink of an eye. It is important to understand the dynamics of each because they will both play a role in what I believe will be the greatest wealth transfer in history.

Part 2: Today

In Part Two we will cover the financial shortsightedness of the United States government today, the dangerous game that the United States and China are playing with trade surpluses and deficits, and the potentially disastrous economic results. We will also see how inflation of the currency supply is not only hurting you financially, but ushering in the demise of the U.S. dollar and the economic power of the United States as we know it. Then I’ll wrap it up with the fundamentals of gold and silver.

Part 3: Tomorrow

Once we are done learning what history has to teach us, and have gained an understanding of the economic conditions we face today, we will explore how that information impacts our tomorrow, our future, and our family’s future. I’ll show you how to not only protect yourself from the coming perfect economic storm, but to also prosper from it by applying lessons we’ve learned from the past and the things the present is teaching us now. As you’ve probably guessed, this will have something to do with wisely investing in gold and silver. That’s probably why you’ve bought this book in the first place!

Part 4: How to Invest in Precious Metals

If you intend purchasing precious metals before finishing this book, please skip ahead to this section and read it first. As you’ll see, and I hope come to believe, the best possible investments given today’s economic environment are gold and silver. In the last section of this book, I’ll give you some good sound advice on the ins and outs of precious metals investing.

For many, precious metal investing is an alien environment with a reputation for being populated by a bunch of kooks and conspiracy theorists—and it is to some extent. But don’t let a few bad apples ruin the whole barrel. As you’ll see, history is well on the side of these “kooks” who love their gold and silver. Part Four will demystify the concept of investing in gold and silver. Investing in these metals is not only relatively easy, but it is also very safe.

Above all, as I mentioned earlier, this book is about changing your context.

The reason precious metals investing seems so alien and out there is because there are very powerful and wealthy companies and individuals that have a vested interest in maintaining the status quo. They want you to play their game. What I mean by that is that they benefit financially by making sure you keep your money in their hands.

Precious metals essentially eliminate the middleman. They are the only financial assets that do not have to be “in” the financial system. No financial advisor gets a bonus for pushing you into them like when you buy stocks and mutual funds. One of the reasons I’m proud to be part of the Rich Dad family is because it makes a point of exposing the game that the financial industry plays with your money. In the process they stress the importance of increasing your financial IQ by reading books like this one and others in the Rich Dad series. Once you are equipped with knowledge, you can recognize how the system plays you, and you can take control of your own financial future.

Playing their game is all fine and dandy—if you don’t care to increase your financial intelligence or to invest wisely. But when the whole system comes crashing down, don’t say I didn’t warn you. After you’ve finished reading this book, if I’ve done my job correctly, you will never be able to look at our financial institutions the same way. Your context will be changed, and a new horizon as bright as the morning sun will be before you.

I’ll see you on the other side.

Categories
Hermann Göring Nordicism Schutzstaffel (SS)

Modern day national socialists

by Joseph Walsh

I don’t think you are over-the-top with your recent post on Heimbach and the rabbits. National Socialism had very high moral standards as created and exemplified by Hitler. You ensure that Aryans understand those standards with your blog. Most present-day Aryans do not live up to those standards. They are Aryans by blood but Untermenschen (subhumans) in character. One of the tasks of the racialist movement is to create a better man (what Nietzsche called the Übermensch). Hitler is the Aryan that has come the closest to being an Übermensch in the history of our race. For example, Göring, even though he banned vivisection, used to enjoy the hunting of animals which appalled Hitler. Also, I don’t think you can expect Americans to become National Socialists like the Germans were, at least not anytime soon. Europeans stand a better chance I think.

Another thing that annoys me about Heimbach is his promotion of National Socialism as being for all races and nations. This contradicts what Hitler says: “The National Socialist doctrine, as I have always proclaimed, is not for export. It was conceived for the German people.” (Hitler-Bormann Documents, Feb. 21, 1945). A primary feature of National Socialism is Nordic supremacy, that is Hitler wanted the best Aryans of Nordic blood (i.e. the SS) to become lords of the earth, as stated in Mein Kampf. This automatically rules out National Socialism as being an ideology for all races as no other race is going to want Nordic domination (and many Whites will also not want Nordic domination).

Modern day Aryans play down or ignore the aspects of National Socialism they do not like such as non-acceptance of degenerate music, Nordic superiority, kindness to animals, even in some cases they tolerate homosexuals! This is because they do not have the discipline or integrity to be National Socialists as the Germans of the 1930’s and 1940’s did. There has been a tremendous decline in White people’s character since 1945. If our race is to achieve greatness again we MUST improve our character through intense discipline. At the moment Whites are a joke.

Categories
Joseph Goebbels Real men

Finally!

“Whoever can conquer the street will one day conquer the state,” said Goebbels. While our comrades at the other side of the Atlantic can be incarcerated for trying to conquer the street, at least in this continent they were allowed to do it last Saturday in Pikeville, Kentucky, USA.

“There were people in attendance from the National Socialist Movement, the Traditionalist Worker’s Party, Iron March, Daily Stormer, The Right Stuff, The League of the South, White Lives Matter, America First Party, Vanguard America, and innumerable others,” wrote Benjamin Garland on The Stormer.

Now I can withdraw what I said in the past about “ethnosuicidal nationalists,” at least in the sense that they are—finally!—organizing themselves.

Categories
Kali Yuga

If Marine Le Pen loses…

by Andrew Anglin

Last year, when white nationalists were still on the Trump train, I saw things differently and wrote “Trump cucks—Our turn!” This is what Anglin posted today on The Daily Stormer (please note that we need a little more than what Anglin calls in his article a Stormer Book Club):
 
I don’t want to hold you guys down and force-feed you black pills until you choke to death.

I don’t want to do that, but I’m going to anyway.

This is the future for every city in France whether or not Marine Le Pen wins or loses [Note of the Ed.: A cartoon omitted in the present abridgement of Anglin’s piece]. Unless we do something to stop it.

What we saw with the Trump flip [- it] demonstrated, once and for all, beyond any shadow or a trickle of a doubt, that we are not going to change anything by voting.

It simply is not going to happen.

Trump was 100% our guy. We know this. The Trump movement was real. He stormed into the White House like a friggin tsunami, ready to push through everything he had promised, by any means necessary.

He appointed a pro-Russian foreign policy advisor, he appointed a White Nationalist as his key advisor on everything, he appointed the most hardcore anti-immigration and anti-black crime figure in the county as Attorney General.

And he started signing executive orders, he started making every move he needed to make, he stood 100% against the stupid Jew Schiff/Jew media Russian hoax Piss Chronicles fairy tale… and then, 20 days ago, out of nowhere, he attacked Syria.

Then he proceeded to reverse literally every single policy, in a machine gun fashion.

Finally, yesterday we learned that the wall will not be built.

The centerpiece of his entire campaign is canceled.

I have no idea what happened between the last week of March and the first week of April, and we probably never will know what happened. But a power that is beyond anything that any of us fully understand moved in and took over.

With the Trump flip, we saw, plainly and in a way that cannot be denied, that there is a Jewish secret government which prevents electoral politics from ever changing anything, under any circumstances—even the perfect circumstances.

The mask is now off.

“Democracy”—a system that I am entirely opposed to begin with—does not actually even exist. It is a fairy tale story sold to the goyim. It is a brilliant way of blaming the victim.

I still endorse Marine Le Pen and I genuinely hope she wins.

But not because I think it is going to save us from the cartoon above. But because when it doesn’t, it will be yet more proof that this entire thing is a sham.

Not that we really need any more proof after Donald Trump.

And hey—you wanna know something else? Right now, I believe there is a 75% chance Brexit is going to be overturned. You heard that here first.
 
The funeral’s over

We need to move forward with our own agenda, and we need to do it now.

You need to join a Stormer Book Club and begin networking, and getting prepared for the next step of our plan.

We were prepared for this eventuality. Everything is in place.

And no, it doesn’t involve some type of violent insurrection. It involves something which will actually work.

We are, right now, the last line of defense against the utter destruction of Western civilization.

It’s decision time.

Do you want to fight, or do you want to cower in fear, and die knowing that you could have helped save our ancient blood legacy, and chose not to because you were a coward?