White Walkers army is coming

It is uncommon that white advocates write about the financial chaos that is coming, a real winter for the West. Below, some excerpts from an article by Tom Shackleford published yesterday on Rebel Yell and republished today on Occidental Dissent. At least southern nationalists are taking notice of the widow opportunity that will be opened for whites to reclaim their societies. After all, to paraphrase the character who died yesterday in the most popular TV series, ‘Chaos is a ladder’. (For more information on the coming financial chaos see here.)
 

As the crisis begins to set in, the Federal government may seek to bail out individual public programs based on political expediency. This will prop them up in the short term, but only delay the inevitable. It’s possible that this could be attempted on a national, comprehensive scale.

Our national debt stands at nearly 20 trillion, increasing by roughly 1 trillion each year. Debt service already eats 6% of the budget, even though interest rates are below 2%. There isn’t a defined limit on how much debt the US can take on, but doubling or tripling the debt just for pension bailouts would eventually push us over the invisible line of confidence. Nobody is sure where it is, but it’s out there. After it’s crossed, a debt crisis will ensue. This is especially serious for retirees since SS and pension funds own so much sovereign debt.
 
What if there’s a market crash?

In 2008, governments and central banks were able to avert a depression and the failure of every major bank by borrowing trillions to bail them out, slashing interest rates to zero, and creating money to buy up trillions more in assets to artificially keep prices high. This was a temporary fix (they’re still doing it) that has set the stage for a bigger calamity in the future. When the next crash inexorably arrives, they will be unable to employ this strategy a second time.

This could happen in 2 years or 2 days but it will eventually occur. As before every crisis, the dominoes are in place. What tips them over and when is unknown. It could just as easily start in Europe as the US. The consequences will be as unprecedented as they are profound. In the very least, many retirees will see the value of the pensions and private plans they depend on plummet. The ability to fund SS will also come under pressure. Many people will feel desperate and cheated, with nothing to lose. Rocky times are ahead.
 
Why is this never talked about?

I really doubt that rising presidential hopefuls like Kamala Harris or Cory Booker even understand compound interest to the point where they could perform a simple calculation. Many others understand that this issue is a real downer. “MAGA” or “I’m with her” sound much better than “You’re screwed and I have no solution”. The MSM is reluctant to discuss it because underfunded pensions implicitly call into question the wisdom of gibs and expensive 3rd world population transfers. However, the Alt-Right should be focused on it.

We’ve grown exasperated watching the latest Islamic atrocity or chimpout fail to move the needle. The sheep must be impoverished in order to become receptive to reality. Cheer up. Angry, destitute retirees are our army of White Walkers waiting to bring a rotten, unsuspecting world to an end.

Published in: on August 28, 2017 at 10:46 am  Comments (4)  
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Response to Anglin

‘The sign of the times is degeneracy. This term, degeneracy, sums up all that is happening to the West’.

— Iranian for Aryans

 
I didn’t read all the article that Andrew Anglin published today, ‘When the Alt-Right Hits the Street You Wanna Be Ready’ but it’s clear for what I’ve read that we see the world in a completely different way.

In the first place, white nationalists have not realised that the main cause that there has not been a pro-white, mass movement is universal degeneration in the West. How I remember, when I was living in Marin County in California, those days when the US Senate rejected Reagan’s nomination for the Supreme Court of Robert Bork, author of Slouching to Gomorrah: Modern Liberalism and American Decline. Even Anglin himself promotes cultural degeneracy in his article with a photograph of the skinhead movement: some guys playing degenerate music. I have already said it and it is worth repeating: You cannot beat the Gomorrah that America has become with Gomorrahite art! That was the blunder not only of William Pierce as we shall see, but of John Tyndall on the other side of the Atlantic.

Today at dawn I discussed with a visitor the use of the swastika. I acknowledge that the matter is controversial and we can leave it aside. The central point is that no one in white nationalism that I know has realized that the main problem does not come from the movements since the death of Rockwell in 1967 until 2014, the date that Anglin puts in his article that marks the beginning of Alt-Right activism. The problem comes not only from the elites but the general people. Trying to save the white race is like trying to save the Romans from their degeneration in the days of Caligula or Nero. Only the conquest of the Roman Empire by a fresh breed of Northern Aryans did the trick. Alas, nowadays the worst degenerations come from hyperboreans.

If anyone understands this, it is clear that more than blaming racist organisations of the past, as Anglin does, we must blame the degenerate Zeitgeist in general: a Zeitgeist that Anglin himself, and those who comment on his blog, share with the degenerate music they listen.

True, the racist organisations of the past erred. Arthur Kemp personally told me that in a beautiful town in England a few years ago. Pierce, for example, refused to form a political party and believed that doing activism from a mountain could make a difference. In addition, and that Kemp did not tell me, the money that Pierce used to buy a degenerate music company should have been used to form a publishing house for his books—and many other radical books.

Tactical blunders have been committed in the previous organisations certainly. But not the strategic errors that Anglin and many others imagine. Due to Western degeneracy, the history of Golden Dawn, which has used neo-Nazi aesthetics, should make us see that our message can only be broadly preached—as in Greece—after an economic collapse. This is a reality that white nationalists have not studied and should do. It was the collapse of the Deutsche Mark what catapulted Hitler, and a crisis similar to that of 1929 in the United States can re-visit the US sooner than we imagine.

For new visitors unfamiliar with my criticism of white nationalism, see my article in the Addendum: here.

Those wishing to get started on the subject of those who predict another financial accident in the US as serious as that of 1929, may begin: here.

Guide to investing in gold & silver, 4

by Mike Maloney

 

Chapter Four:
Greed, War, and the Dollar’s Demise

With the outbreak of World War I, as with all the historical examples we’ve already covered in this book, the combatants halted redemption in gold, increased taxes, borrowed heavily, and created additional currency. However, because the United States did not enter the war for almost three years, it became the major supplier to the world during that time.

Gold flowed into the U.S. at an astounding rate, increasing its gold stocks by more than 60 percent. When the European Allies could no longer pay in gold, the U.S. extended them credit. Once the U.S. entered the war, however, it too spent at a rate far in excess of its income. The U.S. national debt went from $1 billion in 1916 to $25 billion by war’s end.

The world currency supply was exploding.

After the war, the world longed for the robust trade and economic stability of the international gold standard that had worked so well before the war. Thus, throughout the 1920s most of the world governments returned to a form of the gold standard. But the standard employed wasn’t the classical gold standard of the prewar period. Instead, it was a pseudo-gold standard called the gold exchange standard.

Governments never seem to learn that you can’t cheat gold. During the war, many countries inflated their currency supplies drastically. Yet when they tried to return to gold, they didn’t want to devalue their currency against that gold by making the number of units of currency (gold certificates, or claim checks on gold) match the number of units of gold that backed that currency. So here’s their “solution”:
 
Building pyramids

After the war, the United States had most of the world’s gold. Conversely, many European countries had large supplies of U.S. dollars (and depleted gold reserves) because of the many war loans the U.S. had made to the Allies. Thus was decided that under the gold exchange standard, the dollar and the British pound, along with gold, would be used as currency reserves by the world’s central banks and that the U.S. dollar and the pound would be redeemable in gold.

In the meantime, the U.S. had created a central bank (the Federal Reserve) and given it the power to create currency out of thin air. How can you create currency out of thin air and still back it with gold, you ask? You impose a reserve requirement on the central bank (the Federal Reserve), limiting the amount of currency it creates to a certain multiple of the units of gold it has in the vaults. In the Federal Reserve Act of 1913, it specified that the Fed was to keep a 40 percent reserve of “lawful money” (gold, or currency that could be redeemed for gold) at the U.S. Treasury.

Fractional reserve banking is like an inverted pyramid. Under a 10 percent reserve, one dollar at the bottom can be expanded, by layer upon layer of book entries, until it becomes $10 at the top. Adding a fractional reserve central bank, underneath fractional reserve commercial banks, was akin to placing an inverted pyramid on top of an inverted pyramid.

Before the Federal Reserve, commercial banks, under a 10 percent reserve ratio, could hold a $20 gold piece in reserve and create another $180 of loans, for a total of $200. But with the Federal Reserve as the foundation under the banking pyramid and having a reserve requirement of 40 percent, the Fed could put $50 in circulation for each $20 gold coin it had in the vaults. Then the banks, as the second layer in the pyramid, could create loans of $450 for a total of $500.

With the new gold exchange standard, foreign central banks could use dollars instead of gold. This meant that if the Federal Reserve had a $20 gold piece in the vault, and issued $50, then a foreign central bank could hold that $50 in reserve and, at a reserve ratio of 40 percent, issue the equivalent of $125 of their currency. Then when that $125 hit the banks, the banks could expand that to $1,250 worth of claim checks, all backed by a single, solitary $20 gold piece. That means that the real reserve ratio (the ratio of real money that could be paid out against their currency) was now only 1.6 percent.

Now there was an inverted pyramid, on top of an inverted pyramid, on top of an inverted pyramid. This was highly unstable. Ultimately, the gold exchange standard was a faulty system that governments imposed on their citizens, which allowed the governments to act as if their currencies were as valuable as before the war. This was a system that was destined for failure.
 
The rise of credit culture

But every pyramid scheme flourishes in its early days, and so did the gold exchange standard. With all the new currency available from the central banks, the commercial banks generated many new loans. This abundance of currency led to the greatest consumer credit expansion thus far in American history, which, in turn, led to the biggest economic boom America had ever experienced. In a very real sense, credit put the roar in the Roaring Twenties.

Before 1913 the vast majority of loans had been commercial. Loans on nonfarmland real estate and consumer installment credit, like auto loans, were almost nonexistent, and interest rates were very high. But with the advent of the Fed, credit for cars, homes, and stocks was now cheap and easy. The effect of low interest rates combined with these new types of loans was immediate; bubbles sprang up everywhere. There was the Florida real estate bubble of 1925, and then of course the infamous stock market bubble of the late 1920s.

During the 1920s, many Americans stopped saving and started investing, treating their brokerage account as a savings account, much like many Americans treated their homes in our most recent housing bubble. But a brokerage account is not a savings account, nor is a house. The value of a savings account depends on how many dollars you put in. But the value of a brokerage account or a house depends solely on the perception of others. If someone thinks your assets have value, then they do, but if they don’t think they have value, then they don’t.

In a credit-based economy, whether the economy does well or does poorly is largely based on people’s perception. If people believe things are great, then people borrow and spend currency, and the economy flourishes. But if people have the least bit of anxiety, if they have doubts about tomorrow, then watch out!

In 1929, the stock market crashed, the credit bubble burst, and the U.S. economy slid into depression.
 
The mechanics of a depression

The popping of a credit bubble is a deflationary event, and in the case of the Great Depression it was massively deflationary. To understand how a deflation occurs, you need to know how our currency is born, and how it can join the ranks of the dearly departed.

When we take out a loan from a bank, the bank does not actually loan us any of the currency that was on deposit at the bank. Instead, the second the pen hits the paper on that mortgage, loan document, or credit card receipt that we are signing, the bank is allowed to create those dollars as a book entry. In other words, we create the currency. The bank is not allowed to do it without our signature. We create the currency, and then the bank gets to charge us interest for the currency we created. This brand-new currency we just created then becomes part of the currency supply. Much of our currency supply is created in this way.

But when a home goes into foreclosure, a loan gets defaulted on, or someone files bankruptcy, that currency simply disappears back into currency heaven where it came from. So as credit goes bad, the currency supply contracts, and deflation sets in.

This is what happened in 1930-1933, and it was disastrous. As a wave of foreclosures and bankruptcies swept the nation, one-third of the currency supply of the United States evaporated into thin air. Over the next three years, wages and prices fell by one third.
 
Run, baby, run

Bank runs are also enormously deflationary events because when you deposit one dollar into the bank, the bank carries that dollar as a liability on its books. It someday owes that dollar back to you. However, under a fractional reserve system, the bank is then allowed to create currency in the form of credit (loans), in an amount many times that of the original deposit, which it carries on its books as assets. As we’ve discussed, under a 10 percent reserve, a one dollar liability can create another $9 of assets for the bank.

This is normally not a problem, as long as the bank isn’t loaned-up to the maximum amount permitted. With just a small amount of “excess” reserves, the bank can cover the day-to-day fluctuations because most of the time deposits and withdrawals come close to balancing out.

But a serious problem can develop when too many people show up to make withdrawals at the same time without the counterbalancing effect of the relatively same amount of people making deposits. If withdrawals exceed deposits, the bank will draw from those “excess” reserves. Once those “excess” reserves have been used up, however, fractional reserve banking is then thrown into vicious reverse. From that point on, to be able to pay out one dollar against deposits, the bank must liquidate $9 of loans. This was what was happening in 1931, and it was one of the major contributing factors to the collapse of the U.S. currency supply.

Also, prior to the advent of the Federal Reserve, the public had about one dollar in the bank for each dollar in its pockets, and the banks kept one dollar of reserves on hand to pay out against each $3 of deposits. But thanks to the Federal Reserve, by 1929 the public had $11 in bank deposits for each dollar in its pocket, and the banks only had one dollar on hand to pay out against every $13 in deposits. This was a very dangerous situation. The public had lots of deposits and very little cash, and the banks also had very little cash to back up those deposits.

By November of 1930, bank failures were more than double the highest monthly level ever recorded. Over 250 banks with more than $180 million in deposits would fail that month. But this was only the beginning.

The largest single bank failure in U.S. history happened on December 11, 1930. The sixty-two-branch Bank of the United States collapsed. This failure would have a cascading effect, causing over 352 banks with more than $370 million in deposits to fail in that month alone. Worst of all, this was before deposit insurance. People’s entire life savings were lost in the blink of an eye.

Then, to top it all off, on September 21, 1931, Great Britain defaulted from the gold exchange standard, throwing the world into monetary chaos. Foreign governments, along with businesses and private investors from the United States and around the world, began to fear that the U.S. might follow suit. Suddenly, there was a dash for cash.

Within the U.S., banks were running out of gold coin, and at the same time tremendous outflows of gold began to leave the vaults of the Federal Reserve, destined for far-off lands. The pyramid scheme that was the gold exchange standard began to crumble. To stop the bleeding, the Fed more than doubled the cost of currency in the U.S., raising the rates from 1.5 to 3.5 percent in one week.

As a result, between August 1931 and January 1932, 1,860 banks with $1.4 billion in deposits suspended their operations.

However, 1932 was an election year. Three long years into the Depression people were desperate for a change, and in November, Franklin Delano Roosevelt was elected president. Even though his inauguration wouldn’t be until March, rumors started flying that he would devalue the dollar. Again gold flowed out of the vaults as foreign governments, foreign investors, and the American public lost even more faith in the dollar, and the most devastating bank run in American history began. But this time the American public wouldn’t be fooled.

As Barron’s put it in its March 27, 1933, issue: “It has been aptly observed that the stages of deflation since 1929 have been the flight from property (chiefly securities) into bank deposits, next a flight from bank deposits into currency, and finally, a flight from currency into gold.”

Incredibly, the currency supply of the United States was falling so fast that if it continued at that pace for a year only 22 percent of it would remain. The U.S. economic outlook was dire, and it seemed as if the dollar would fall into oblivion.
 
Executive order

On March 4, 1933, Roosevelt was inaugurated, and within days he signed executive proclamations closing all banks for a “bank holiday,” freezing foreign exchange, and preventing banks from paying out gold coin when they reopened. A month later he signed an executive order requiring U.S. citizens to turn over their private property (gold) to the Federal Reserve, in exchange for Federal Reserve notes.

On April 20, he signed another executive order, ending the right of U.S. citizens to buy, or trade in, foreign currencies, and/or transfer currency to accounts outside the United States. On the same day, the Thomas Amendment was sent to Congress, authorizing the president, at his discretion, to reduce the gold content of the dollar to as low as 50 percent of its former weight in gold. It was enacted into law on May 12, and then amended to give Federal Reserve notes the full “lawful money” status.

But there was still one major hurdle to overcome before Roosevelt could devalue the dollar: the infamous gold clause.

During the Civil War, President Abraham Lincoln had to come up with a way to pay the troops and introduced a second purely fiat currency to the country the greenback dollar. When it first appeared, the greenback was worth the same amount as gold notes. But by the end of the Civil War they had fallen to just one third of the value of the gold-backed dollar. Many people who had made contracts or taken out loans before the war in gold notes paid them back in depreciated greenback dollars. Of course this was cheating the creditors and many lawsuits were filed.

After the end of the Civil War most contracts contained a “gold clause” to protect lenders and others from currency devaluation. The gold clause required payment in either gold or an amount of currency equal to the “weight of gold” value when the contract was entered into. The big problem for Roosevelt was that most government contracts and obligations also had this clause written into them. So devaluing the dollar would also increase the cost of government obligations by the same amount.

So at the behest of President Roosevelt, Congress passed a joint resolution on June 5 defaulting on the gold clause in all contracts, public and private, past, present, and future. In essence, the government simply said to American citizens and businesses, “We don’t have to pay you.”

Outraged by what he viewed as the government’s blatant disregard for Americans’ rights, Senator Carter Glass, chairman of the Senate Finance Committee, lamented, “It’s dishonor, sir. This great government, strong in gold, is breaking its promises to pay gold to widows and orphans to whom it has sold government bonds with a pledge to pay gold coin of the present standard of value. It’s dishonor, sir.” But Senator Thomas Gore of Oklahoma put it even more succinctly when he said, “Why, that’s just plain stealing, isn’t it, Mr. President?”

But these protests fell on deaf ears. On August 28, 1933, Roosevelt signed Executive Order 6260, outlawing the constitutional right of U.S. citizens to own gold. To keep from having to default on its commitments (declare bankruptcy), and to keep concealed the fraud of fractional reserve banking, the banking system’s only choice was to get the government to make gold (the legal money of our constitution, an inert, inanimate element) illegal for U.S. citizens to own. Roosevelt gladly obliged.

First under threat of publishing the “gold hoarders”—names in the newspaper, and then under threat of fines and imprisonment, the United States of America, land of the free and home of the brave, ordered its citizens to turn over their own private property (the money in their pockets) to any Federal Reserve Bank. As far as I can tell, no one seems to know exactly who penned these proclamations and executive orders. But one thing was now clear. The government was no longer a government of the people, by the people, and for the people. Instead it was a government of the bankers, by the bankers, and for the bankers.

But there was still one more dastardly deed to be done.
 
Weight watchers

On January 31, 1934, Roosevelt signed an executive proclamation effectively devaluing the dollar. Before this proclamation it took $20.67 to buy one troy ounce of gold. But now, since the dollar instantly had 40.09 percent less purchasing power, it took $35 to buy the same amount of gold. This also meant that, with regards to international trade, the government had just stolen 40.09 percent of the purchasing power of the entire currency supply of the people of the United States—all with the stroke of a pen. That is the power of fiat currency.

The worst part of this whole situation is that people who followed the rules and turned in their gold as decreed were the ones who suffered the most because those who illegally hung on to their gold realized a 69.33 percent profit due to the pressures Roosevelt’s policies applied on the dollar. Less than 22 percent of the gold in circulation was turned in, however, and it seems not a single person was arrested or prosecuted for hoarding.

But despite the efforts of the U.S. government, gold won in the end. Gold and the will of the public forced the government’s hand. By forbidding the U.S. population from laying claim to any of its own gold, and by devaluing the U.S. dollars, the United States was able to avert international runs on the dollar and was able to continue international trade under the gold standard. By declaring the claim checks on gold held by U.S. citizens null and void, and by requiring more claim checks from foreign central banks to purchase each unit of gold, there was now a far lower multiple of claim checks to gold, and the fractional reserve system was once again manageable.

[Note of the Ed.: In his books and audiovisual materials, Maloney loves charts. Here we are not reproducing Chart 2. U.S. Monetary Base and Gold Reserves, 1918-1935, but the curious reader can see it: here.]

By devaluing the dollar from one twentieth of an ounce of gold to one thirty-fifth of an ounce, the value of the gold held by the U.S. Treasury now exactly matched the value of the monetary base. This meant the dollar was once again fully backed by gold. It also meant that there was no reason for gold to continue being illegal since there was now enough gold to pay out against every paper dollar in existence, and the dollar could have been fully convertible into gold once again.

Gold had once again revalued itself, not with the knockout blow and the death of the currency as in previous chapters, but this time by a technical knockout. To halt the implosion of the U.S. banking system and to regain the trust of our international trading partners, gold had forced the government to devalue the currency by stealing from its citizens, and it had once again accounted for all the excess currency the banking system had created. Gold was still the undefeated heavyweight champion of the world.

But all the pain and suffering could have been avoided. Gold and silver require discipline and constraint from banks and governments, and both banks and governments resent gold for it. Numerous factors contributed to the Great Depression, but there was only one root cause. Governments around the world, along with the Federal Reserve, foreign central banks, and commercial banks, all tried to cheat gold.

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.

WN ignorance

Last Sunday I reproduced here an excellent article by Andrew Anglin against feminized white nationalists. Today Anglin posted another Sunday article on The Daily Stormer where he says:

Note before we get started: economics

It is important to make clear that economics are not really a particularly relevant factor anymore. I don’t mean that absolutely, but pretty much the deal is that with our current level of technology and the ease of material production, any economic system can work in a white country, while no economic system can work in a nonwhite country or a formerly white country with an extreme number of nonwhite immigrants.

No one really talks or cares that much about economics anymore because for the most part, people are comfortable. The economic issues which do exist can be easily deconstructed as social issues… We are very close to the point in history where labor will be free, and the entire concept of “economics” 100% obsolete.

Really?

Two weeks ago I criticized Richard Spencer with these words: “Spencer used to be the only famed white nationalist who openly warned about the looming economic crisis. Not anymore. Yesterday he added in his Facebook page a retweet: ‘Many in the Alt Right know about economics, especially the Austrian School. We just don’t care anymore. There are bigger fish to fry.’ I posted at his FB page this: ‘This is a big mistake, Richard. Real economics—call it Austrian or not—teaches us that the dollar will crash under Trump’s watch, which means that a big window of opportunity for the Alt-Right will be opened this very decade. Meanwhile, keep silver coins in your safe box’.”

Besides me, who among pro-white bloggers is saying that the international money policies are driving the system towards an accident? Am I the only one, or white nationalist ignorance is endemic?

What is happening to the world of economics is exactly the opposite of what Anglin has said in his Sunday article.

Published in: on May 14, 2017 at 10:18 am  Comments (5)  
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James Rickards’ latest book

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

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

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

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

White advocates should brace themselves…

Published in: on April 29, 2017 at 11:27 am  Comments (3)  
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Trump cucks—Our turn!

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

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

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

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

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

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

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

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

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

And so it begins…

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

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

Black Monday

the real crash

Today, billions of dollars have been wiped off world markets, as I watched minutes ago on TV (see also: here). Below, a letter I sent earlier this month through regular mail to my donors. Brace yourself! Obtain precious metals now!

 

Dear donor,

My apologies for thanking so late about your generous contribution. Financially I am crossing through a very tough time in Mexico and I am still trying to figure out how I will be able to rise the proper funds for my projects.

Presently my idea is saving the money from the donations in silver coins, as I believe that Austrian economists are right that the American dollar will crash in this decade.

After the crash my saved coins—or little gold coins if I am able to afford them—will be worth a fortune, as the dollar will hyperinflate just like the Mark did in Weimar Germany. If I am capable to save enough coins, I will be far more resourceful to launch what in my blog, The West’s Darkest Hour, I call my “Hellstorm Project”…

I hope that concerned visitors of my blog, especially people like you, will also be prepared with due savings in precious metals before it is too late.

With genuine appreciation,

C. T.

Editor of the blogsite
The West’s Darkest Hour

Published in: on August 24, 2015 at 3:17 pm  Comments (2)  
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Ray of hope

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,” 1996.

Published in: on July 15, 2015 at 9:13 am  Comments (1)  

Ron Paul:

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

 

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

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

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

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

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

One of the things that Paul is adamant will happen is that the stock market will crash, bringing with it the entire USand possibly worldeconomy with it.

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

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

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

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

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

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

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

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

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

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

Published in: on June 19, 2015 at 10:35 pm  Comments (5)  
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