We demand

by Joseph Goebbels

The following essay was published in the fourth
issue of Der Angriff, dated 25 July 1927.

The German people is an enslaved people. Under international law, it is lower than the worst Negro colony in the Congo. One has taken all sovereign rights from us. We are just good enough that international capital allows us to fill its money sacks with interest payments. That and only that is the result of a centuries-long history of heroism. Have we deserved it? No, and no again!

Therefore we demand that a struggle against this condition of shame and misery begin, and that the men in whose hands we put our fate must use every means to break the chains of slavery.

Three million people lack work and sustenance. The officials, it is true, work to conceal the misery. They speak of measures and silver linings. Things are getting steadily better for them, and steadily worse for us. The illusion of freedom, peace and prosperity that we were promised when we wanted to take our fate in our own hands is vanishing. Only complete collapse of our people can follow from these irresponsible policies.

Thus we demand the right of work and a decent living for every working German.

While the front soldier was fighting in the trenches to defend his fatherland, some Eastern Jewish profiteer robbed him of hearth and home. The Jew lives in the palaces and the proletarian, the front soldier, lives in holes that do not deserve to be called “homes.” That is neither necessary nor unavoidable, but rather an injustice that cries out to the heavens. A government that stands by and does nothing is useless and must vanish, the sooner the better.

Therefore we demand homes for German soldiers and workers. If there is not enough money to build them, drive the foreigners out so that Germans can live on German soil.

Our people is growing, others diminishing. It will mean the end of our history if a cowardly and lazy policy takes from us the posterity that will one day be called to fulfill our historical mission.

Therefore we demand land on which to grow the grain that will feed our children.

While we dreamed and chased strange and unreachable fantasies, others stole our property. Today some say this was an act of God. Not so. Money was transferred from the pockets of the poor to the pockets of the rich. That is cheating, shameless, vile cheating!

A government presides over this misery that in the interests of peace and order one cannot really discuss. We leave it to others to judge whether it represents Germany’s interests or those of our capitalist tormenters.

We however demand a government of national labor, statesmen who are men and whose aim is the creation of a German state.

These days anyone has the right to speak in Germany—the Jew, the Frenchman, the Englishman, the League of Nations, the conscience of the world, and the Devil knows who else. Everyone but the German worker. He has to shut up and work. Every four years he elects a new set of torturers, and everything stays the same. That is unjust and treasonous. We need tolerate it no longer. We have the right to demand that only Germans who build this state may speak, those whose fate is bound to the fate of their fatherland.

Therefore we demand the destruction of the system of exploitation! Up with the German worker’s state!

Germany for the Germans!

Published in: on June 20, 2017 at 8:18 am  Comments (6)  
Tags:

Guide to investing in gold & silver, 1

by Mike Maloney


 

Chapter One:
The Battle of the Ages

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Or:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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)  
Tags:

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)  
Tags:

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!

Uncle Adolf’s table talk, 27

the-real-hitler

 

13th October 1941

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

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

Published in: on September 22, 2015 at 12:36 pm  Leave a Comment  
Tags:

Uncle Adolf’s table talk, 30

the-real-hitler

 

15th October 1941, evening

Remedies against inflation—The example of Frederick the Great—The economists make a mess of everything.
 
 
In 1933, the Reich had eighty-three million marks’ worth of foreign currency. The day after the seizure of power, I was called upon to deliver immediately sixty-four millions. I pleaded that I knew nothing about the whole business, and asked time to reflect.

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

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

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

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

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

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

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

Published in: on September 21, 2015 at 9:06 pm  Leave a Comment  
Tags: ,

Uncle Adolf’s table talk, 41

the-real-hitler 
26th-27th October 1941, evening
 
Exploitation of the Eastern Territories—A British volte-face—Roosevelt’s imposture— Advantage to be gained from European hegemony—A Europe with four hundred million Nordish inhabitants.

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

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

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

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

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

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

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

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

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

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

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

Published in: on September 19, 2015 at 1:11 pm  Leave a Comment  
Tags:

Liberalism, 13

Post-war liberalism

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

President_Reagan_1981This classical liberal renewal, called pejoratively “neoliberalism” by its opponents, lasted through the 1980s and the 1990s, although the Great Recession prompted a resurgence in Keynesian economic thought recently. Meanwhile, nearing the end of the 20th century, communist states in Eastern Europe collapsed precipitously, leaving liberal democracies as the only major forms of government in the West.

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

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