Categories
Tag: Economy
(an interview with Pierce)
“And, yes, they [the Jews] deserve a great deal of blame.
But not all the blame. Perhaps not even most of it.”
—William Pierce (see below)
November 7, 1992
Kevin Alfred Strom: With the excitement of the election behind us now, what do you see ahead for Americans during the next four years?
William L. Pierce: More of the same.
KAS: You mean you think the recession will continue?
WLP: Actually, I didn’t mean that. I meant that America will remain on the same downward course she’s been on since the Second World War. I can’t predict the little ups and downs of the economy. But I can predict that, so long as certain very fundamental flaws remain in our society, we will continue going from bad to worse, in the long run. Whether the so-called “economic indicators” that the government publishes go up or down, whether we temporarily pull out of the present recession or not, economic life for the average White American will become bleaker in the years ahead. Worse, his social life will become more sterile, his cultural life more debased. Worst of all, his spiritual life, his view of his own meaning and purpose, will continue to shrivel.
KAS: My, you’re not very positive today, are you? Can you explain your gloomy prediction for us? Can you tell us just what you mean, can you give us the details, when you say that life for White Americans will continue to become worse? In what way will the economy become worse, for example?
WLP: The economy will become worse in that the average White family will work longer and harder for a smaller reward, for fewer of the necessities of life, for less security, for a meaner life style than before. The average standard of living, in other words, will continue to decline, just as it has in during the past few years. And this is something which absolutely did not depend on the outcome of the recent election. Both Clinton and Bush have been supporters of globalizing the US economy. They both have been boosters of the New World Order, in other words. They both support the removal of trade barriers with Mexico, for example, which will accelerate the export of American industry and American jobs to Mexico, simply because wages are much lower there. The effect of this, of course, will be gradually to raise wages in Mexico, while they are pulled down in the United States.
But, then, that’s the whole rationale behind the push for globalization, the push for the New World Order, isn’t it? Equalize living standards around the world. Lift up the poor non-Whites in the Third World and drag down the rich Whites. Give everyone a fair share of industry and the wealth which goes with it. Break down national and racial barriers. Homogenize the world, economically, racially, culturally. That’s the idea which has been pushed inexorably and unceasingly by the controlled media ever since the Second World War. The controlled media have made this idea of globalization fashionable; they’ve made it a Politically Correct idea, and therefore no one in the controlled political establishment in this country, whether Democrat or Republican, dares oppose it.
KAS: So it’s this bipartisan push for a global economy which leads you to predict that the US economy will continue to decline, no matter which party is in the White House?
WLP: That’s one of the reasons, and it’s an important reason, but there are also others. There is the continuing, unchecked flood of non-White immigration into America, for example. There’s the continued policy of favoritism shown to non-Whites in university admissions, in the awarding of scholarships, in hiring, and in promotions. And there’s the growing burden of supporting an unproductive and largely non-White welfare class. All of these reasons for future economic decline are thoroughly entrenched, they’re long-term, and they’re bipartisan reasons.
Which is to say that they’re Politically Correct, and so neither the Democrats nor the Republicans dare do anything about them. Can you imagine either a Democrat or a Republican proposing that we cut off all non-White immigration into the United States and try to restore America as a White country? Can you imagine one of them proposing that the government should no longer provide any support to the millions of inner-city residents now on welfare and should use all necessary force to maintain order if they don’t like it? There’s no more chance of that than there is of either a Democrat or a Republican President announcing that the New World Order is a scheme intended to reduce the White American worker to the same level as the Mexican peon and the Chinese coolie and that we’ll have no part of it.
And because there’s simply no chance that the controlled political establishment in this country, Democrat or Republican, will address or even admit the existence of the fundamental reasons for the declining living standard of Americans, I can predict with complete confidence that the economy will continue to decline, over the long run. There are various paper-shuffling tricks, of course—fiddling with interest rates, changing the tax structure, rearranging the Federal budget—which can make temporary changes in the economy, apparent changes, but they can’t cure this country’s real economic problems.
KAS: That’s interesting. But you know, the so-called economic “experts” that we hear on the controlled media disagree with you completely. They tell us that this recession is just a little anomaly, a little readjustment, and that over the long run everything is rosy. They say that the globalization of our economy is helping America by allowing us to export more of our products. They say that non-White immigration is boosting our economy by providing us with needed skills and eager workers. Here’s a recent issue of Business Week. The headline on the cover says, “The immigrants: how they’re helping the U.S. economy.” Are the media experts wrong?
WLP: Yes, they’re wrong, and what’s worse they know they’re wrong. They’re deliberately lying to us, deliberately misleading us, just as much as the politicians are. It doesn’t take a genius to see what’s happened to the economy of this country since the Second World War. The experts rave about the benefits the new World Order is bringing to us by allowing us to increase our exports. But the cold, hard reality is that globalization has brought us an enormous trade deficit.
The fact is that it has wiped out whole industries in this country and exported them overseas: the consumer electronics industry, for example, or the machine tool industry. The fact, not the theory, is that millions of Americans are being forced to switch from high-paying jobs in manufacturing and basic industry to low-paying service jobs. The fact is that before the Second World War most American families needed only one wage earner to keep them comfortable and secure; wives and mothers could stay at home and take care of their families. Today, of course, most mothers have to work outside the home. The fact is that our economy isn’t getting better and better; it’s actually getting sicker and sicker.
KAS: You keep referring to the changes which have taken place in the economy since the Second World War. Why is that? What does the war have to do with it?
WLP: The Second World War really has everything to do with it. It was, after all, an ideological war, one could almost say a religious war, a war between two fundamentally different world views.
On one side were the believers in quality over quantity, the elitists, the believers that White people, Europeans, are more progressive, are better able to maintain and advance civilization, and should hold onto their position of world mastery.
On the other side were the believers in quantity over quality, the egalitarians, the believers in racial and cultural equality, the people who thought it was wicked for the United States to remain a White country, wicked for White Britain to have a world empire, wicked for White Germany to be allowed to smash communism, wicked to permit nationalism to triumph over internationalism. And the fact is that the egalitarians won the war. After the Second World War White Americans could no more justify keeping hordes of hungry, non-White immigrants out of their country than Englishmen could justify hanging onto the British Empire. They had cut the moral ground right out from under themselves.
KAS: Of course, that’s not the way it was presented to Americans back in the 1940s. We were all taught that we went to war to keep America free, that we were fighting against tyranny, that we were fighting on the side of decency and justice.
WLP: Nonsense. We were fighting on the side of the folks who marched the entire leadership stratum of the Polish nation into the woods and murdered them. And the people who control our news and entertainment media knew that too. When the German Army discovered those huge pits full of murdered Polish officers and intellectuals, they called in the world press to look at the evidence. But the controlled media kept it quiet, so that we would keep fighting on the side of the murderers.
After the war they blamed it on the Germans. And there was nary a squawk from the controlled media when we turned the surviving Poles, and the Hungarians, and the Balts, and all the rest of the Eastern Europeans over to the same gang of cutthroats who had butchered Poland’s leaders in 1940. Of course, it made sense in a sick sort of way. After all, murdering a nation’s elite is an egalitarian act. After you kill off the most intelligent, the most able members of a nation the ones who’re left will be more nearly equal.
KAS: And easier to control.
WLP: Yes. But the point is that, the reasons given to the American people for getting into the war against Germany were all spurious. It was not a war to keep America free. Americans weren’t in the slightest danger of losing their freedom to the Germans. It was, as I said, an ideological war. It was a war about what kind of ideas would govern the world. It was a war about whether we would be proud and White and strong, or whether we would feel guilty about the fact that Mexican peons aren’t as well off as we are. And we lost the war. That was a real turning point in the fortunes of our race and our nation.
The loss of the Second World War is the real reason for the decline of the U.S. economy—and of our social life, our cultural life, and our spiritual life. Before the war we had a White country, a country determined to stay White. After the war we no longer had that determination. Instead we had the vague feeling that it was wrong of us to want to stay White. After the war when the controlled media began pushing for so-called “civil rights” laws and for opening our borders to the Third World, it was just a continuation of their push to get us into the war on the side of the people who had made Poland a more “equal” country by slaughtering her leaders at the killing pits in the Katyn woods.
We don’t really have time today to trace the whole process of the breakdown of America after the war, but we can look at a few examples which more or less tell the story. We’ve been talking about the economy, but it’s really our whole society which has been corrupted by the war, by the ideology for which the war was fought. Think, for example, about what life is becoming for the millions of White Americans who still live in our cities, especially those cities with a large minority contingent. We are no longer the masters in our own land, and we are paying the price for that decline in status.
Crime has soared enormously in our cities and made life a daily nightmare for millions who cannot move away. Even for those who live in the suburbs and only must work in the cities during the day, crime has become an ever-present constraint, a burden, a limit to their lives. City streets which once were safe for White women and men, by night as well as by day, are now like minefields where we must proceed with caution and be always on guard.
We know who makes our streets unsafe. We know against whom we are obliged to bar our windows. We know whom we must fear if our cars run out of gas or break down at night. And these are the same people whose welfare support imposes such an intolerable burden on our strained economy. And it is interesting that the government cannot solve our crime problem for exactly the same reason that it cannot solve our economic problem: it cannot address the causes; it cannot even admit the existence of the causes, because those causes are Politically Incorrect.
Just as the government economists talk about interest rates and budget adjustments but dare not speak of the effects of globalism on our economy, the sociologists talk about “poverty” as the cause of urban crime, but dare not mention that crime in America today is above all else a racial problem. Or look at what our schools have become, or look at popular entertainment. You know what the purpose of a school should be?
It should be not just to pound facts into the heads of children so they can earn a living; it should be to mold them into good citizens. It should be to teach them about their roots, about their ancestors, about their race. It should be to give them a sense of identity, a feeling of solidarity with their people, a feeling of appreciation for the civilization which their people created. It should be to teach them the values and customs which are peculiar to their people.
But most of the schools in America’s cities cannot do these things. They are not even permitted to try to do these things, because these things are all profoundly racist, the controlled media tell us. The only kind of school which can teach meaningfully about roots and identity is a school which is racially homogeneous, but such schools were outlawed by our government after the Second World War, because they are contrary to the principles for which that war was fought.
When our kids turn to drugs today, when they learn anti-White rap lyrics from the television, when they think Magic Johnson is a hero and say upon meeting a friend, “hey, man, gimme five,” we’re paying the price of the war. I said a few minutes ago that the worst aspect of the breakdown of America was not what’s happened to our economy, but what’s happened to our spiritual life, to our morale, to our idealism, to our character. White Americans haven’t become more stupid in the last fifty years. Most of the people listening to this program understand exactly what I’m saying. They didn’t really need me to point it out to them. They can see it for themselves. It doesn’t take a genius to understand why our schools aren’t working or why the New World Order will hurt Americans as the price of making Mexicans and Chinese more prosperous.
But it does take just a tiny bit of courage to stand up and say these things when we’ve had it drummed into our heads that we always must be Politically Correct. The people listening to this program have for years been watching America being torn down. They have seen the effects of egalitarianism, of liberalism on our society. They have seen one liberal program after another make things worse and worse, and they have listened to the controlled media and the controlled politicians tell them that what’s needed to fix things is more of the same. And they’ve thought to themselves, this is crazy.
But they’ve been afraid to say that out loud. They’ve been afraid to say, “Hey, look, Joe, the emperor doesn’t have any clothes on.” And it’s my considered opinion that this timidity, this willingness to go along with every new insanity imposed on us by the media and the politicians, even when we know it’s unnatural and immoral and destructive of everything worthwhile—this is a spiritual failure. This spiritual failure, this willingness to tolerate evil, is a more serious matter, in my eyes, than our economic decline. When we are able to heal ourselves spiritually, we’ll be able to heal ourselves economically and socially, but not before.
KAS: Is this spiritual failure entirely the fault of the American people? You’ve repeatedly referred to the controlled media as the principal promoters of the ideology which is at the root of our problems. Aren’t they to blame? Aren’t the people who control the media responsible for what’s happening to America? And, by the way, who are these media controllers?
WLP: Well, I think we all know who wields more control over the news and entertainment media than any other group. It’s the Jews. And, yes, they deserve a great deal of blame. But not all the blame. Perhaps not even most of it. After all, they’re only acting in accord with their nature. They’re doing what they always do when they come into a country.
We shouldn’t have let them do it. We should have stopped them when they were taking over Hollywood 75 years ago. We should have stopped them when they began buying up newspapers back before the Second World War. After the war we shouldn’t have let them get anywhere near a television studio. But we didn’t stop them, and the blame for that really lies with those who have set themselves up as our political leaders. They sold us out. They sold out America. They sold out their race. When our kids are exposed to the godawful, anti-White rap musicals from MTV, should we blame the Jewish owner of MTV, Mr Redstone, or should we blame the politicians in Washington who let him get away with it? Personally, I’d go after the politicians first.
KAS: I see your point. Tell us, Dr Pierce, do you think there’s any hope that White Americans ever will go after the politicians who are betraying them? Do you think they ever will regain enough spiritual strength to stand up and say, “Hey, the emperor is naked”?
WLP: I do. I believe that one day they’ll be shouting it from the housetops. More people are angry today about what their government is doing to America than at any time since the Second World War.
As time passes their numbers and their anger will grow. That is inevitable, because the policies of the controlled media and the government are making America an unlivable place.
The condition of the economy helps too. I would really be worried if I thought that the politicians could patch up the economy enough to lull people back to sleep. But I know that they can’t. I know that conditions can only become worse and worse under the policies which come from Washington, regardless of who’s in the White House. And this is what gives me hope for the future. When the pain becomes great enough, anger and frustration will overcome the fear of being Politically Incorrect, even for the most timid White American.
Categories
On pillowed ostriches
In this audiovisual interview on the coming collapse of the dollar James Rickards explains the content his book The Death of Money, which I recently read.
Quite a few white nationalists are not only behaving like pillowed ostriches about real economics. They are as irrational about economics as the typical liberal is regarding race, gender and sexual orientation. See for example this article by Greg Johnson published a few months ago. He wrote:
It seems exceedingly unlikely that any country or group of countries can replace the dollar as world reserve currency, even if they wanted to.
Johnson simply ignores that many countries are already bypassing the dollar as their reserve currency.
Last week Johnson wrote another article for Counter-Currents,
“2014: The Year in White Nationalism.” He shares the “skepticism about Austrian economics-driven dollar doom predictions” but offers no shred of data or arguments whatsoever. Only flat statements, exactly what he does in that same article about energy devolution.
I’ll annotate something when the crash of the dollar steamrolls those nationalists who, behaving like ostriches instead of doing their homework, will be unprepared when it hits the fan.
This “Accelerated” Crash Course, a 2014 video that includes both the coming currency crash and peak oil crisis, condenses over 4.5 hours of detailed material into less than an hour to view:
Full transcript: here.
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Let me know…
In my previous posts I have been bashing white nationalists and race realists because of their blindness to see that John’s apocalypse is coming soon. (Disclaimer: I am not a Christian and am speaking metaphorically.) With the honorable exception of my friend Sebastian Ronin, nationalists have failed to do their homework and see that the coming energy devolution will cause the death not of millions but of billions of humans this century. It goes without saying that the struggle to hostilely takeover the remaining oil fields will be accompanied by ethnic warfare and even wars among the starving nations.
Ignorant of all this (see the links within my previous entries), Franklin Ryckaert, whom I fairly quoted in The Fair Race, commented a couple of days ago:
Excellent article which puts the lie to the idea that white homelands can only be achieved by genocide on a mass scale as envisioned by such persons as Pierce and Chechar. Slow repatriation in an orderly and humane manner is very well possible and need not be considered as immoral.
Immoral? Ryckaert posted that comment in a Counter-Currents thread of an article by Greg Johnson, who for years has been promoting a peaceful takeover of white nations to the point of condemning the vision of revolutionary novelists like William Pierce and Harold Covington.
I am moving outside Mexico City in order to protect myself from the dollar crash that, when it happens, will escalate the insecurity of my native town exponentially. The beauty of my viewpoint against the non-genocidal pacifists at Counter-Currents is that history will disabuse them horribly, probably this very decade when the dollar hyperinflates.
If I am wrong about this prediction I’ll feel a little humiliated and even ridiculed. On the other hand, if the pacifists who believe in business as usual in the following decades are wrong—they could even die as they are not preparing themselves for the collapse.
If a regular is willing to start being educated on this subject I will send him the didactic documentary End of the Road on condition that, after seeing it, he in turn will send it to another regular visitor of The West’s Darkest Hour.
Let me know, and be ready for Armageddon…
This month the pro-white webzine American Renaissance (Amren) published ten articles for the series “Race and America in 2034” questioning whether in the following decades the West will suffer major changes, or experience business as usual. Judging by the titles of their articles, it looks like they lean toward the latter: business as usual.
Since I have given up American-style racialism in favor of German-style National Socialism and its precursors (see e.g., my recent entries on Gobineau, nordicism and Nordish Hellenes), I won’t bother reading them. But I doubt that the Amren contributors have dared to look through our crystal ball. In fact, almost all white nationalists and race realists are unwilling to look thru it and see that—:
1. The dollar will collapse soon;
2. With all probability the crash will cause high-rocketing unemployment, riots, looting and perhaps even famine in some areas, not only in the US. Unlike New Orleans after Katrina, the tension won’t be solved soon after the catastrophe occurs. On the contrary: racial tension in the most ethnically “enriched” cities will escalate, especially in the US;
3. The System and the current anti-white Paradigm won’t collapse but, in due time, the aftermaths of the currency crash will start to converge with a runaway energy devolution that, by the end of the century, will probably dispatch the surplus of worldwide population created as a result of quixotic Christian ethics.
Apparently, like the rest of westerners, the contributors to Amren articles have blinded themselves to avoid seeing that the convergence of catastrophes is really coming.
Americans are approaching a critical juncture in the cycle of a civilization’s decline. Debt and debasing of the currency is the hallmark of all civilizations in decline. A common feature in the history of collapsing civilizations and empires is when the rulers in debt are borrowing money to simply pay the interest of the debt. Considering the global nature of the economy, and that many of the world’s fiat currencies depend on the dollar, the end of the world as one knows it is nigh.
Americans probably don’t have until the next decade for an inevitable default. However, the ability to manipulate the masses with mass media propaganda and hide the extent of the problem, until it is too late, has been amazing.
For historical and economic details, see the blog Sovereign Man (here).
Categories
The death of the dollar
I [Koos Jansen] had the privilege to meet with Jim Rickards, while he was in The Netherlands for one day, to do an interview about his new book The Death of Money. Accompanied by friend (and author of the book The Big Reset) Willem Middelkoop we met at the hotel were Jim was staying and for one and a half hours we fired questions at him. Below you can read the highlights of the conversation:
March 12, 2014
Koos Jansen: Do you think there will be a collapse in the worldwide monetary system, including chaos, social unrest and bank failures because all policy makers will do too little too late?
Jim Rickards: My new book, The Death of Money, is about the demise of the dollar. A world wide monetary collapse and the collapse of the dollar are the same thing. The dollar is the keystone of the system today, if the world loses confidence in the dollar the whole system collapses. Could there be disruptions, social unrest and other problems before the monetary system collapses? I think we’re seeing them already, in the Ukraine, in the Crimea and the Chinese navy sending vessels to these islands they are in disputes with near Japan. US monetary policy was also a contributing factor to protests in the Arab Spring’s early stages. We’re seeing signs happening already and that will continue.
I do expect that policy makers will continue to pursue the wrong policies, they won’t make the structural adjustments that are needed; unemployment remains high, growth remains weak and deflation continues to have us in its grip. These are all things that will lead to social instability, income and wealth inequality and we could see a lot of stresses before the collapse of the monetary system.
Central banks and governments have made it clear that the big banks can’t fail. That’s what they stated, all these too big to fail banks will not be allowed to fail. Now what are the consequences once they’ve said that? It invites reckless, parasitic and exploitative behaviour on behalf of the bankers. This allows them to grow too large which destabilizes the system. I don’t think we’ll see big bank failures along the way, but big banks will fail as part of the collapse. It’s the policy of too big to fail that leads to the dysfunction of the system that will lead to the collapse.
Koos Jansen: Will the coming collapse of the monetary system be more severe than any prior one?
Jim Rickards: The point I’m making in the book is that the international monetary system has collapsed three times in the last one hundred year. In 1914, 1939 and 1971. So it does happen, it’s not that unusual. When it happens is not the end of the world. What it means is that the major trading powers, the financial powers, come together and reset the system. There is actually a name for this, it’s “the rules of the game”. That’s not a phrase I made up, it goes back one hundred years. So the major powers will rewrite the rules of the game, but here’s the problem. The last crisis we had the Fed reliquify the world. There were tens of trillions of dollars in swap lines with the ECB, they guaranteed all the bank deposits in the US and they guaranteed all the money market funds in the US. It did prevent things from getting worse, but the problem is the Fed raised their own balance from $800 billion to $4 trillion after the liquidity crisis. We had a liquidity crisis in late 2008, but we haven’t had one in the last five years. So now what happens if we have a liquidity crisis tomorrow? They’ve got no more dry powder; they can’t go to $12 trillion.
The next crisis will be bigger than the last one, and it will be bigger than the Fed because they already trashed their own balance sheet. Then the only balance sheet left is the IMF’s.
Koos Jansen: How will the power be distributed in Asia after the monetary reset?
Jim Rickards: It will be based on gold.
Willem Middelkoop: I know wealthy Americans taking measures like getting a second passport and moving their money offshore. Do you see this happening in your surroundings?
Jim Rickards: Yes, I see it all the time. There are billionaires who build vaults in their own houses because they don’t trust Brinks.
Willem Middelkoop: What does that tell you?
Jim Rickards: It tells me that they see what I see, in some ways, but not willing to talk about it. They’re ready for the collapse but want to milk the system in the meantime.
_____________________
For Rickards’ CV see here. The whole interview can be read here.
Although Mike Maloney is afraid, like almost all westerners today (including quite a few white nationalists) of Hitler and his movement, I see this latest video of his course as the opening of a window of opportunity for us national socialists after the American dollar crashes in the near future.
Watch this video that mentions the rise of the Third Reich—but not as a warning, as Maloney sees it. Watch it as our best chance to pursue political change in both this continent and at the other side of the Atlantic (where they are also mistaking currency for real money).
Maloney didn’t read my previous entry on Liberalism by Yockey, of course. Although I see Austrian economists like Maloney as Cassandras insofar as they are accurately predicting the coming collapse, it goes without saying that I don’t endorse individualism in a capitalistic society, which easily leads to the worship of Mammon. However, this is not an entry to debunk libertarianism but to show how, as Maloney says at the very end of this episode, the Central Banks and even their think thanks “still don’t get it.”
(See also the four previous videos on the course:
Episode 1 – Episode 2 – Episode 3 – Episode 4.)
Categories
Currency crash course, 4
“As I have said many times before, the economic crisis of 2008 was only a speed bump on the way to the main event. I believe that before the end of this decade there will be an economic crisis so historic that it will eclipse the crash of 29 and the subsequent great depression. I also believe it is both unavoidable and inevitable, because it is merely the free market releasing the stored up energy from decades of economic manipulation. Yes… bad things are going to happen, but it could be the best thing that ever happened to you.”
—Mike Maloney
Note: Economics is not my forte and therefore I cannot discuss the complex issues of these new series with skeptical commenters. I would recommend those who completely reject what Maloney says to go to his own site, subscribe if necessary (it’s free), and discuss it there.