Doctor Doom

“The people are being kept in line at the moment, because there are still lots of shiny new things for them to buy… If the economy slips badly, there will be hell to pay. More and more people will listen to the dissidents.”

—William Pierce (“Get Set for War”, 1997)






With the exception of the blogger Mindweapon, no one in the pro-white movement seems to be aware that we are heading straight toward an economic collapse and a foreign debt crisis of epic proportions. This will happen when the US’s creditors impose a lending ceiling to the traitorous US government.

Now that the US government-created phony crisis is over and that the debt ceiling will be raised for the Nth time, I would like to point out that I have embedded quite a few videos by Peter Schiff, called “Doctor Doom” by the media, explaining the subject (here, and more at the addenda here): must-watch clips for those still clueless that we are living near the end of the long Diktat after 1945.

Of course, you may prefer to see directly Schiff’s latest videos in his own YouTube channel (here). Whatever you chose, this is the most important subject for all those who desperately crave for the long interregnum imposed by the Americans on Europe to end.

Why not look through the crystal ball?

Our only strategy appears to be waiting for ZOG to blow itself up based on the inherent unworkability of its founding nostrums.

—Alex Linder

Very few nationalists are taking seriously Austrian economics: that the US will be facing a depression soon—in case that Romney is elected and decides to prick the government bubble—, or even a complete currency crash in case that Obama gets reelected and his Ben Shalom Bernanke allows the bubble continue to expand until it pops by itself.

While I am no promoter of a capitalism that ignores racial interests, I see Austrian economics as a reliable predictor of what’s going to happen during the next administration: either way, Americans will face economic meltdown. The subject is of such paramount importance that I find it bothersome to find the promotion of third-way economics, such as Social Credit, at several Robert Stark radio shows and essays at Counter-Currents, which recently hosted a Stark interview of Anthony Migchels (for an exchange of Austrians with Migchels see here).

Bothersome I said: because nationalists are flatly ignoring the Austrians’ main message, that Keynesian economics is (good news for us!) driving the US economy straight toward the cliff.

Why are they ignoring the most momentum issue of our times?

Most nationalists are just reactionaries. It can be no coincidence that, unlike these reactionaries that like to discuss Social Credit in ivory towers, revolutionaries like Michael O’Meara do mention the literature of collapse. O’Meara for one believes that only a catastrophic collapse of imperial America holds out a possibility that a racially-conscious vanguard of white Americans reclaim their territory.

I don’t see Austrian economics as a way to promote libertarianism (“sound money for brown people”) because, by definition, there will be no browns in the White Republic. I see it as a very hilarious way to expose the Keynesianism that is fulfilling the deconstruction of imperial America for white nationalists to takeover. Austrian economics is a reliable crystal ball to see the future. Even if nationalists fail to take full advantage of it, we all must welcome the big window of opportunity that is about to be opened—exactly what happened in Weimar Germany.

Washington’s

Keynesian trap

Peter-Schiff

See conference: here.

Peter Schiff’s latest book



Below, excerpts of some of Amazon’s reviews of the recently released The Real Crash: America’s Coming Bankruptcy.


I have spent the past four years unlearning all the nonsense we are taught in public schools. The [book's] message is clear, to the point and given in a manner that anyone should be able to understand. Peter is a great American as well as his dad, Irwin Schiff who has his own library of books that are must-reads.

This book is a super reference and commentary of our current economic reality and likely pending disaster. After reading the hardcover copy, I’ve found this book to be an ideal compendium of today’s economic realities that encouraged me to also purchase the audio edition to share with my teenage kids in the car in hopes that they will get their minds wrapped around the inevitable realities we will all be forced to address in our own lives.

Last but not least, Mr. Oliver Wyman, the gentleman that reads The Real Crash in the audio edition has a wonderful tone with his voice and is a joy to listen to. He demonstrates a perfect balance of enthusiasm for his reading and the subject without being overly dramatic. Perfect clarity in his voice and a listening pleasure.

Peter Schiff predicted the housing bubble and explained how it was created in foresight better than anyone has explained in Hindsight! I had only heard of him this year in February and had no knowledge in economics. I tuned into schiffradio.com everyday since and have learned so much in economics (plus watching all Peter Schiff videos on YouTube). I bought his book, How an Economy Grows and Why it Crashes and learned fundamental economic principles that got me ready to understand this book. The Real Crash is a great book. In it, Peter explains where we were, where we are, and where we are headed and what we can do to save ourselves from this crash. Schiff makes it easy for people who don’t know that much about economics to understand what is going on. I highly recommend this book, and recommend you get your friends and family to buy a copy. Save yourselves. Thanks Peter.

I was first introduced to Peter Schiff in a documentary called Tegenlicht (Backlight) on Dutch television in 2008. In this TV documentary Schiff already foresaw the crash of 2008. From that moment on I started to follow him. From the first moment on this guy made absolute sense. Common sense. From listening to his radio show every day I kinda knew what to expect from his new book. The book was no disappointment. It was again a revelation. Schiff has excellent historical understanding on things and he knows how to connect all the dots. The predictions in this book will come true. I like to compare Schiff with the Greek mythological prophet Cassandra. She was able to see future events but nobody believed her even when the events happened. This is now known as the Cassandra Syndrome. Let’s hope it’s different this time with this book.

Mr. Schiff might have titled this book “The Real Economy”. Using logic, history, and actual cases he takes us through recent bubbles and busts. Mr. Schiff’s track record is pretty good, he accurately predicted the real estate bust two years before 2008.

Central to this book is the idea that it’s impossible to separate the economy and politics. Political agenda creates the economic playing field, and the media adds to our misunderstanding.

If only the boneheads in Washington and the Fed would pay a little attention to what Schiff is saying we might be able to avert economic disaster, but I’m not holding my breath; they didn’t listen before the crash in 2008 and they are not going to listen now. At least individuals can read this book and do what they can to protect themselves from the impending economic disaster created by our overlords in DC.

I get depressed when I read books like this. The Real Crash will likely suffer the same unfortunate fate as the other great books written by Austrian economists and libertarian philosophers. That is, despite offering an insightful and precise look at what is wrong with our current economic system, it will largely be ignored by the uninformed and ignorant masses. The “educated” Keynesians will pass it off as nonsense while simultaneously promoting the systems that are now falling in domino-like fashion around us.

It’s easy to accept statism. One only needs to turn on the TV and vote for Obamney to maintain the status quo. It’s not easy to accept the ideas found within this book. The rationality that governs Schiff’s writing isn’t within the realm of capability for most. It takes genuine thought and deliberation.

Peter Schiff has done it again. I truly believe that there’s nobody better at explaining macroeconomics and sound-money policy to the masses than Schiff. Unfortunately, the folks who really need to be reading this book (today’s political class) either aren’t interested or don’t have the aptitude to fully grasp the suggestions that Schiff outlines in The Real Crash. It’s a shame. Make no mistake: the “Real Crash” that Schiff is predicting will come—unfortunately, when it does many Americans will see their savings and standard of living squandered before it’s all over.

If you read this book and still can’t believe that his predications can be true, I encourage you to think back to how excited you were in 1999 when your dot.com portfolio was going through the roof. Then, think back to 2005 when your home value was skyrocketing. How are both of those investments doing for you these days? (Schiff accurately predicted both of those collapses as well). Don’t make the same mistake a third time. Fool me once, shame on you; fool me twice, shame on me; fool me three times and my retirement savings and standard of living will evaporate.

You’ll never read accurate information like you’ll find in this book within today’s mainstream media. You have to decide—do you want patently false “good news” or accurate and timely bad news (Schiff) that will protect you and the ones you love? When it comes to protecting my family, my choice is clearly the latter. As Schiff often says, “Medicine tastes bad, but you have to take it in order to get better”.

I consider Schiff one of the greatest threats to those who would destroy our nation, an unusually well-informed and even keeled speaker, and strong writer. (I discount my misconceptions of what this book was supposed to be about but limit my review to 4 stars due to the typos.)

Our Government has been doing since 1971. The debt and GDP have risen in tandem since that time period. Overwhelming in size and not payable and aided by a zero interest rate, this is the perfect storm, black swan, or whatever you want to call it for the decline of the dollar. Only distractions in Europe and other places temporarily worse off is buying time. Time we are wasting by not listening to Mr. Schiff.

Ayn Rand once said, “The hardest thing to explain is the glaringly evident which everyone has decided not to see.” In this book, Mr. Schiff has done a great job of just that, showing what should be obvious to the mainstream economists and politicians, even though they refuse to acknowledge reality: That the problems facing this country won’t be solved with just a superficial change in leadership or slightly altering our current economic path, but are deep, fundamental problems that will result eventually in the “real crash”. Of course, this will make it likely that this book will be ignored by most, until it eventually can’t be ignored any longer.

We’ll get Zimbabwe-style hyperinflation because it’s the path of least resistance for the criminal elite, and because their actions with bailouts, quantitative easing, and money creation show it’s the path they have clearly chosen. Please buy precious metals only after you’ve heavily stocked-up on necessities like long term storage foods, ammo and other items you won’t be able to buy post-crunch.

This book does an excellent job of summarizing the government policies and programs that are leading the U. S. to economic Armageddon.

A big part of what has allowed the American government to borrow as much as it has (and to keep on borrowing now) is the fact that the American dollar is the world’s reserve currency, which means it is always in demand, and hence people and organizations have been willing to act as creditors in order to get it. For Schiff, though, the sheer size of the debt, and the fact that it is running away faster and faster everyday (and has no realistic chance of ever being repaid) will sooner or later turn investors away from considering the American dollar a valuable reserve—at which point it will lose its status as the world’s reserve, and investors will stop investing in it.

At this point, the American government will have but two options. It can either declare bankruptcy, or it can print the money it needs to pay its debt. In either case, an enormous crash will result, for in the first case, an astronomical sum of money that the economy had assumed existed will suddenly be wiped away, and in the latter case hyperinflation will set in, and the American dollar will be whittled down to worthless.

At this point, the country will be forced to start over.

Personally I believe Mr. Schiff predictions will come true and he’s one of the reasons I’ll be dropping out of college to prepare for this life-changing event of the dollar crisis.

I’ve studied economics in college for 6 years, yet by far I’ve learned more about economics from just reading Peter Schiff’s books. He has cleared up more liberal thinking fallacies than any economist since Hazlitt, Rothbard, Hayek or Bastiat.

I came across this book just as I finished reading Paul Krugman’s latest offering, End This Depression Now. It is clear that Krugman doesn’t understand what money is and wouldn’t dream of considering that the Federal Reserve is the problem. Luckily for us Schiff does, providing us with simple common sense solutions based on sound economics. The solutions are indeed nasty but the alternative is frightening to imagine.

Protect yourself accordingly.

Let’s prepare a new Declaration of Independence

The 5,000-word article “2009: Crisis or Opportunity?,” the twelfth essay in Michael O’Meara’s book Toward the White Republic, is available from Counter-Currents Publishing here. I’ve edited it down to less than 3,000 words:



In the last two years, one crisis has followed another. First there was a housing mortgage crisis, then a liquidity crisis that led to a banking crisis, then a dollar crisis, then a credit crisis, then a geopolitical crisis, then an energy crisis, then a crisis of consumer confidence, and finally a political crisis at the highest level of the state, involving a crisis of the spirit which brought a negro to power—a negro symbolizing everything against which the American originally defined himself, and thus symbolizing the destruction of America’s historic identity. The burning question today is: are these cascading crises “conjunctural” (i.e., due to a combination of circumstances) or are they “structural” (inherent to the system’s nature)? If the latter, then the “American System,” which has governed the world since 1945 at the expense of its white population, faces a systemic breakdown, whose implications are potentially catastrophic. If only conjunctural, the news is still good, for it cannot but highlight the system’s anti-white nature, of which most whites still unfortunately remain clueless.

A crisis is a turning point, “a stage in a sequence of events at which the trend of all future events, especially for better or worse, is determined.” Though most commentators have emphasized the economic nature of the crisis, almost all recognize its system-disrupting potential. Hence the current obsession with the Great Depression of the Thirties and, in more radical quarters, the Soviet crisis of 1985, which brought Mikhail Gorbachev to power. A crisis, then, can be seen as the prelude to a historical transformation.

Though time alone will tell what the exact nature of this transformation will entail, it is nevertheless likely to undermine the legitimacy of the established powers and imperil the well-being of the middle class, thus advancing the cause of the white-nationalist ethnostate. Indeed, given the absence of an organizational structure and a popular following in the real world, the white nationalist project is predicated on just such a crisis—for it’s the one thing that offers our people a possible alternative to their programmed extinction.


1. The Crisis

A great many white Americans think theirs is the world’s preeminent country, though they know almost nothing about it and less about “the rest of the world.” Compared to the black and brown nations of the Third World, America, of course, is a paradise (even if most whites are lonely, isolated, and lacking any sense of who they are as a people). But compared to Western and Central Europe, or to Japan, Hong Kong, and certain of the other Asian Tigers, it more and more shapes up badly.

The great industries that once made America the world’s foremost economic power and provided working people a decent standard of living have been shipped overseas, along with the technologies and know-how that made them such powerhouses. Before the crisis, the economy was in fundamental disequilibrium, based on consumption rather than production, with consumer spending making up more than 70 percent of the GNP. Since the crisis, it has been turned topsy: the banking system, the bedrock of US capitalism, has failed, wholesale markets have frozen, the entire regulatory system is in a shambles, and consumer confidence is at its lowest point in history.

Against this backdrop of decline and looming disaster, the dominant mantra, endlessly echoed by the media, remains to “consume”—to rack up those credit card purchases that keep the banking/credit/ financial industries afloat—even though there’s nothing Americans produce or earn any longer to pay their debts. It seems poetically just that the country’s principal export is now the junk culture fabricated in Hollywood, a “culture” which celebrates behaviors and values historically considered pathological.

The country’s compromising dependence on exterior forces is compounded by the “Ponzi” or “pyramid” dynamics of the US financial sector, based on speculative bubbles that create a false prosperity; by debt-ridden, mismanaged, and often unaccountable corporations run by “Wall Street con men, hedge fund nabobs, and casino capitalists” unconcerned with taking “outrageous risks with other people’s money”; and by government policies (shaped by special interest groups) that redistribute assets from competent people to incompetents (particularly minorities that sponge off the public in the form of welfare, subprime lending, “positive” discrimination, and a host of other racial privileges).

To pay the interest on its spiraling debt, the country in the last decade has had to borrow two to three billion dollars a day from foreigners, mainly Chinese and Japanese, who are acquiring in the process ownership to wide swaths of the economy, while American speculators have racked up vast (and, as it turns out, largely meaningless) ciphers of wealth in cyberspace. Though the United States has never owed so much money to the rest of the world, its financial and political elites, addicted to fiat money, continue to believe they can expand the debt indefinitely.

America’s “human capital,” evident in the darkening of its populace, is also in conspicuous decline. Literacy rates are among the lowest in the industrial world; its once prestigious graduate schools of science and engineering are filled mainly with foreigners; its public schools are concerned less and less with mastering the rudiments of reading and writing than with dispensing contraceptives to fourteen year-olds and preventing the use of hand guns on school premises; the population as a whole is socially balkanized; its incarceration rate is the highest in the world; and its spirit, culture, and understanding is increasingly “McDonaldized.”

But perhaps of greatest consequence, the dollar is starting to lose its status as the world’s reserve currency—which means no more free credit and no more free rides. The United States will now have to pay normal market price for the funds it borrows abroad, and it can expect a sharp devaluation of its currency, as foreign investors unload their US dollar assets. Some commentators have gone so far as to claim that the dollar’s demise is imminent. But whatever happens, it seems safe to conclude that the fat times we have known are not coming back. Because these economic problems bear directly on the country’s political and social order, both American and foreign academics, some with distinguished credentials, have begun predicting “an economic and moral collapse [which] will trigger a civil war and the eventual breakup of the United States.”

What’s especially revealing in the recent spate of doom-and-gloom predictions about America’s future is the expectation, among not a few establishment authorities, that the crisis could—perhaps won’t, but might—lead to violent class struggle, military dictatorship, or even social revolution. This is unprecedented.

Against those who confuse the state with the nation, it needs stressing that the American System responsible for the crisis is not, and never has been, a national-state system committed to the defense and well-being of the people it represents. Its principal function has instead always been to defend those liberal democratic practices that facilitate market transactions. Uncommitted to the embryonic white nation that made up the American people prior to 1965 (a nation is not founded in 400 years, especially a nation based on such divergent European stocks as the United States), the ruling liberal elites have been free to pursue whatever policies foster their specific institutional interests or those of the dominant economic interests, while policies favoring the country’s white majority have only rarely been adopted and then usually in the form of electoral bribes. Indeed, the very notion of European America is an offense to these elites, who see the nation not as an organic body, but as a great market made up of competing individuals, whose interests are primarily economic, not social, racial, or national.

If white Americans had but a modicum of political savvy, they would have long ago realized that a state which does not serve them as a people has no right to govern and, in fact, is their enemy. The system’s folly, whose ramifications are going to be paid for with a good deal of popular misery, assumed fantastic—and, as it turns out, unbearable—proportions under the former Bush Administration. Thus it was that the neo-liberal, globalist tenets, which ideologically undergird the American System and reduce every question to a matter of individual economic interest, were emboldened under Bush’s neocon cabal by the boundless vanity of its Judeo-Evangelical “faith-based community”—which held that anything the American state does is right, that the United States always triumphs in the end, and that, contrary to traditional Christian stricture, the United States pursues God’s purpose in the world. Like the left, whose ideology leaves it unable to accept the realities of race, sex, and sexual orientation, Washington for the last eight years has been unable to distinguish between fact and fantasy, as it chases its various ideological chimeras. All the while, aliens, at the top and at the bottom of the American polity, were allowed the full run of things—from Jews dictating foreign policy that had nothing to do with the national interest, to Mexicans challenging American sovereignty on American streets.

When George W. was asked in his last press conferences who should be held accountable for the present economic disaster, he answered that no one person or group was actually responsible. “The whole system,” he said, “became inebriated.” To the degree the crisis is systemic, he, better than most, has designated the real culprit. But what he failed to mention is that the system wasn’t just temporarily inebriated: it has been so from the start. And like the mind-numbing incoherence of any serious drunk, the destabilizing, destructuring, and disordering power of this well-oiled system—despite the wealth and prosperity it has created for some—is about to provoke the most massive civilizational hangover in history.


2. The man of destiny

There’s been no better example of the bankruptcy of America’s liberal ideological system than the presidency of George W. Bush (whose only brush with Nemesis thus far has been dodging Muntader alZaidi’s shoe). That this third-rate individual, lacking an understanding of the most basic things, including English syntax, was put at the helm of the most powerful state in history unambivalently testifies to the system’s unfathomable corruption. Obama’s programmed election was specifically designed to restore something of the power squandered by the Bush Administration. In the highest reaches of the American establishment (and this is evident less in written documents than in the innuendoes and asides of its representatives), it became apparent in the last year or so that a restoration of American power and prestige in the world would require a makeover of unprecedented proportions. Hillary, who was previously the leading establishment candidate, was thus abandoned, for, besides being white, she was simply too closely associated with the establishment to create the impression of a major turn-around in American politics.

Hence, the scheduled entrance of the dusky knight, who was provided the money, the advisers, and the media frenzy to make his candidacy a shoo-in. This “47-year old black man with a political resume as ephemeral as a Mets pennant drive and a governing philosophy as dubious as Paris Hilton’s choice of boy friends” has not disappointed his handlers, for he was an ideal candidate. Given his race and undistinguished political profile, he possessed the seemingly “populist” credentials to appeal to an electorate fed up with Washington’s neocon mania; he spoke a recognizable form of English, dressed respectably, and avoided public displays of negro behavior; but, above all, he (or his advisers) knew how to appeal to TV-educated youth, who saw his campaign as another Great Awakening (with “racism” replacing the older Calvinist notion of sin).

It’s questionable, though, if the new administration has the capacity to lead. For those who care to see, scandal and fraud lurk behind every facet of Obama’s media-constructed image. His past has been carefully erased from the public record; his numerous, compromising ties to the big New York banks, the major foundations, black liberation theology, Chicago crime, and K Street have all been ignored by the controlled media; he may not even be a native-born American and thus not constitutionally eligible to be president. This cover-up won’t last. The strident anti-white racism of his wife, as well as his bonds to the nation’s financial oligarchy, will also eventually surface. Given the nature of the economy, he probably won’t even be able to deliver the goods to the black masses, who see him as a cargo-cult Messiah, and this will undoubtedly become a source of further unrest. But most of all, this frontman of the elites is thick with the Jews, whose wealth and power controls the Democratic party (even more than that of the neocon-led Republicans) and whose interests, as already evident, will be foremost among his administration’s concerns. It’s hardly coincidental that his chief-of-staff, Rahm Emanuel, is the son an Irgun terrorist and is himself a rabid Zionist; and that the prominent Jews Obama has delegated to resolve the crisis (Robert Rubin, Larry Summers, Tim Geithner, etc.) “represent political duplicity and malfeasance on a grand scale.” Obama, in fact, is such a creature of Jewish interests that some have begun to call him “the first Jewish president.” The incompetence, corruption, and Jewish jingoism already evident in the new administration suggests, moreover, that the former neocon regime was less responsible for the present disaster than the system itself. Obama, Bush—black hustler, bungling cowboy—it doesn’t seem to matter who occupies the office. It’s the system that rules, and the system is now on life support.

Obama’s failure will come, though, not through an exposure of the smoke and mirrors surrounding his fabricated persona. There is a deeper, structural problem confronting the first post-American US government. As William Lind points out, “the heart of our inability to reform is the crisis of the state itself. Reform endangers the money and power of the New Class, which controls the state and feeds off it.” Though there will be a qualitative expansion of the state under the new regime, as money is thrown at the crisis and expanded social programs are introduced to root out “racism,” the anti-national impetus of the American System, which is at war with the forces of history, culture, and nature, is almost certainly to remain untouched. Likewise, the kleptocratic economic system, so crucial to the elites who support Obama, will go unreformed, as even vaster sums are looted from the government’s coffers in the name of his “stimulus plan.” At best, his Zimbabwe-style Keynesianism (whose soundness is a matter of debate in this period of rampant budget deficits) may provide a palliative to the crisis, but no cure. At worst, there’s simply not enough money and far too much structural rot to rescue everyone.

Given the government’s dismal track record, especially its criminal regulatory negligence, its bailout of those responsible for the crisis, and its alliance with Big Money, it’s also doubtful if it will have the wherewithal to save those firms that might become future wealth producers and sacrifice those beyond recovery. Indeed, one wonders what economy there is left to stimulate, considering that most productive enterprises have relocated offshore.

The man of destiny may turn out, then, to be the man manipulated by destiny, especially considering the impossible expectations he is certain to disappoint. As the refutation of America’s European being, it would be ever so fitting if he should preside over the demise of the failed experiment known as “the United States,” opening the way, thus, to the founding of another, more authentic expression of European America.


3. The knife

As white Americans slide deeper into the economic abyss created by their new Afro-Judaic leaders, they face something far more challenging than anything their ancestors faced in 1776. For they have fallen victim to a regime that cannot control the dysgenic economic forces it unleashes; a regime ruled by incompetents, thieves, and alien manipulators; one that never considers the interests of those it rules but attends to every whim of the rich and powerful; that is at war with the history, culture, and interests of the majority; that refuses to defend the border; that is influenced by foreign lobbies; that relentlessly attacks Christianity; and that imposes “hate” laws and free speech restraints to muzzle whites opposing its anti-national policies.

A half-dozen years ago, “Yggdrasil,” one of the pioneers of American white-nationalist thought, argued that the United States would likely go the way of the former Soviet Union if its system of financial rewards and punishments should ever cease to benefit the white majority. For though US elites have not the slightest interest in its welfare and security, the majority willingly accepted their tutelage as long as its material welfare was ensured. Today, we are entering an era when the regime’s ability to ensure its security is obviously diminishing.

For this reason, I believe the impending catastrophe has the potential to cause white Americans to abandon their allegiance to the existing system. Such a possible transfer of loyalties away from the central state will likely entail less a racial awakening than an understanding of how to cope with a hostile world, once the virtual realities of the American System collapse. Nevertheless, at that point when whites abandon the status quo, the possibility of an emerging white-nationalist movement championing their racial-social interests will quicken.

Our role as nationalists ought thus to be subversive and revolutionary. For there is nothing worth conserving in the existing antiwhite system. Against it, we need to forge a spirit that opposes it at its root—by defining Our America as a nativist variant of European civilization, affirming the primacy of our ancestors’ beliefs and values, and preparing a new Declaration of Independence.


____________________

The complete article can be read here.

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