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Nationalist Economic Policy

This will be the first post in a series of our position statements; outlining the foundations of our world view.  We have placed many links at your disposal, but sometimes it is helpful to bring everything together in one coherent dissertation.  So, whatever your previous background, I hope you keep an open mind when reading this material.  We will do our best to provide you with as much supporting evidence on this site as possible.

A country’s economic system, although not everyone’s favorite subject, is quite possibly one of the most important factors for the longstanding well-being and prosperity of a country.  It, however, is not THE most important factor.  A nation can never merely be just an economic venture.  Unfortunately, that is exactly what America has become: nothing but a conglomeration of profit-seeking individualists who care more about their materialistic self-gratification than their people and culture.  No, a nation must first be founded on a common ideal of race.  Historically this has been true for almost every nation, up until very recently of course.  In fact, even most countries today are still founded on the precepts of race and culture, except for White Western countries that is.  The importance of Nation and Race is profound, and an entire position article will need to be dedicated to it in the near future.

Today I chose to focus on the ideal economic principles for a true Nationalist country, assuming that the issue of race was already paramount in the hearts and minds of its citizens.  You could therefore call this a blueprint for a theoretical White Nationalist economy.  This topic desperately needs to be talked about in the midst of today’s financial problems.  I frequently get inquiries about what needs to be done to fix America’s economy.  The answer? - Scrap the whole system.  Our entire concept of economics must change.

Analyzing Our Current Monetary System 

This is a topic of high debate, almost everyone agrees that the current U.S. monetary system is built to fail.  If you don’t know how our current fractional reserve banking system works by now, this should be your first focus.  We currently have a debt-based monetary system, where Congress does not create any of our nation’s money; a right which is allotted to it by the U.S. Constitution.  Instead, they appropriate money by first passing a bill, and they then borrow money at interest to pay for it.  This borrowing is done by either issuing T-bills or by borrowing directly from the private Federal Reserve bank.  In each of these scenarios the U.S. government is forced to pay interest on this new money.  This is what is referred to as the National Debt.  Most Americans don’t realize that every year, almost every penny of their tax money goes directly to pay the interest on the national debt rather than to pay the principle. 

As you may know, this interest is pure profit for the bankers (Fed) that lend us the money.  Since the bulk of the interest must be paid first, we fork over billions of dollars of taxpayer money to the private owners of the Federal Reserve.  And, since the interest charged is money that has never existed, more money must constantly be created in order to pay the interest on previous debt.  This creates a never-ending spiral of increasing debt and inflation, which will continue until the buying power of the average citizen is destroyed and the bankers own the majority of the world’s wealth.  It would take too much time to explain this system in it’s entirety, therefore it is ABSOLUTELY IMPERATIVE THAT YOU WATCH THE VIDEO BELOW.  All of my further writing will be based on your understanding of this video.  Trust me, if you have never seen it, it is extremely interesting and it will change your entire outlook on the future of our country.  It would also be a great idea to visit the links on our Economics Page, as they will help you understand more about our current system, and how to fix it.  The video starts after about 14 seconds into it:

 

This system is the reason why a man in 1950 could have graduated from high school and comfortably worked in a factory until he retired; but this same man would have trouble doing so today.  Back then he was able to get married, have a lot of kids, and his wife didn’t have to work in order for them to survive.  One income was enough for the family, and companies could still afford to give their employees pensions when they retired.  Health care was affordable, and you could go to college without having to take on debilitating amounts of debt.  This reality has now been destroyed, as companies must forever search for increasing profits, no matter what the cost is to our country and society.  If a company can save money by shipping their labor overseas, then this is what they do; partly because our economic system requires perpetual growth to stay afloat, and partly because our concept of race and nation has been destroyed. 

Anyone who is willing to put aside the modern capitalist rhetoric for a second and instead choose to think logically, will come to the conclusion that the perpetual growth required by our economic system must ultimately lead to the destruction of everything we hold dear.  It will destroy our natural resources, our national sovereignty, and our most important goal of creating a nation that functions in the best interests of it’s people and culture.  When constant growth is a necessity, all other things eventually become secondary.

Why would perpetual growth be necessary for a country to survive?  Honestly, a simple barter system was historically used and everyone seemed to do quite well, aside from the awkwardness of trading physical items.  A society was able to sustain itself at a level of equilibrium, only growing when it needed to in order to handle an increase in population.  To fix the problems of a barter system, money was created.  Money was simply created to serve as a medium of exchange; it was a matter of convenience. Today money, even paper money, is now treated as a commodity which can be bought and sold.  The value of a dollar changes daily, and a primary goal for people today is to make money simply by having money.  We have come a long way since the time when money only served as a medium of exchange.  But, in order for our people to be prosperous once again we must return to that very concept of money. 

Why does inflation have to exist?  Our countries literally went for centuries with very little inflation, only to change recently.  Is it really imperative for the money supply of a country to perpetually grow forever in order for people to exchange goods and services?  A modern economist may try to tell you so, but any logical man will agree that it does not have to.  It is possible to create a debt-free, interest-free, and virtually inflation-free monetary system, because it has been done before.  If only the American people knew that every year, approximately 3-4 months of their salary went directly into the coffers of primarily Jewish-owned banks, then their enthusiasm for American Capitalism may finally begin to fade.

Capitalism: Not What It Used to Be

Most people who consider themselves capitalists today are well-intentioned.  This is because they truly don’t understand all of the baggage that comes along with modern capitalism.  Their idealistic view of capitalism is a system dictated purely by supply and demand economics.  A very noble idea indeed, but sadly not the case today.  They fail to see that their dream of pure “supply and demand” is hindered tremendously by capitalism’s dirty counterparts; mainly the speculative exchanges.  People are told by the media that the stock exchange is the beacon of free-market economics, yet more market manipulation takes place here than anywhere else.  It is our firm position that the laws of supply and demand should be encouraged as much as possible, but not to the point where it jeopardizes the integrity of our race.  Supply and demand must be encouraged for domestic production in most cases, as this is frequently the most efficient process. 

However, the government must possess the power to step in and mediate when the national interest is threatened.  For example, it would be the duty of the government to make sure that companies were not off-shoring their business facilities in order to undercut other companies.  This off-shoring of labor must be strictly forbidden.  If one or two companies do it, the rest must follow to stay competitive.  This creates a cascade that will destroy the country’s manufacturing and working class.  I will talk more later about how this can be accomplished without exposing the national worker to cheaper imports.  Secondly, the government must also see to it that companies are not importing foreign laborers into the country.  This would naturally place downward pressure on the wages of the nation’s workers, let alone destroy the racial integrity of the country.  These, and other essential government functions are the primary reason why we do not subscribe to the ideology of libertarianism.  Libertarianism, in it’s most pure form, does not acknowledge race, trade boundaries, and in some cases immigration boundaries.  Libertarianism would also wish to take any power away from the government which would be necessary to protect the nation’s racial economic interests.  These factors will obviously never be in sync with a country that holds the interests of race at it’s core.

As previously mentioned, in today’s Capitalist society, money is valued as a tradable commodity rather than just a medium used to exchange goods.  The concept of making money by way of simply having money is a very destructive force.  When someone makes money in this fashion they are essentially stealing it from somewhere else in the economy.  Because, by doing this, they have created nothing of real value.  They have neither invented nor produced anything themselves, nor have they supplied any labor from themselves.  This system wrongly assumes that money actually has value, when in fact only tangible assets and labor hold real value.  Therefore any economic process that allows someone to invest money in a system that does not involve an equivalent amount of tangible assets or labor should be strictly forbidden.  This is commonly referred to as speculation. 

When speculation occurs, it means that the concept of money has shifted from that of a medium of exchange to that of a commodity.  You must see this process as being morally wrong; because if it is allowed to occur then men will be allowed to make fortunes by making bets and shuffling money, instead of creating things of real value to our society.  Fortunes should be made by those who have created or produced things of real value, and not by those who have learned to manipulate a monetary system to their advantage.  This is why Nationalism is not compatible with our modern form of Capitalism, nor is it compatible with Libertarianism.  Today, our entire economy is made up of speculative ventures and markets.  Some of the most wealthy men in our society are those who have done nothing but sit in a New York office building, trading paper with fictional value.  If the money made by these processes is legitimized, then it therefore steals wealth from the man who is the actual creator and supplier of goods and services.  I will touch more on this under ”The Capitalist Exchange Markets” section. 

Most Americans today really believe that American Capitalism is the epitome of supply and demand economics, but nothing could be further from the truth.  The very fact that our interest rates, and therefore our money supply, is centrally planned by the Federal Reserve proves that true capitalism has not been present in this country since before 1913.  If we truly lived in a free market economy then interest rates would solely be determined by the market, not by a bank created to “stabilize our financial system.”  By the very nature of the system, the Federal Reserve’s rate changes can only be reactionary, that is to say, they can only be a reaction to the events that have already happened in the market; or to what is predicted will happen in the future.  This ensures that no regulatory body of men will ever be able to form the correct conclusions about what the future holds, and therefore the system will be plagued with mistakes, even if these men are well-intentioned.  The booms and busts of our current economic climate are the product of unrealistic interest rates enacted by the Federal Reserve: Keep them too low for too long and you encourage malinvestment; keep them too high for too long and you stifle the economic growth that is necessary for this inflationary system to survive.  

Interest Slavery

Many libertarians would therefore suggest that we abolish the Federal Reserve and let the market determine interest rates.  But, I go a step further than this.  While abolishing the Fed, why not abolish the concept of interest altogether?  Like I mentioned before, in order for a monetary system to be successful in the long run, income must not be generated from the mere fact of having money.  This is usury at its core, and has been outlawed in our societies for much of our history.  If interest does not exist, then private banks could not exist either.  This, I find to be a good thing.  This statement may startle some of you at first, because it tears at the core of your previously-ingrained economic thought.  However, you must think of it in these terms:  If a private bank issues a loan to you, you must pay back the principle plus the interest.  Even if we required that every loan be backed by an equivalent amount of bank funds, the interest charged would still have never been created. 

For example, imagine a 100% reserve-backed banking system (as many libertarians suggest).  Now assume that the bank has $1 million of reserves to make loans against, using a 1:1 ratio.  In this case, they would be able to make a total of $1 million worth of loans, but they would be able to charge interest on this money.  Therefore they would lend out $1 million, but possibly demand a hypothetical total of $2 million be paid in return when including interest.  This extra $1 million does not exist.  If banks are allowed to demand the payment of any amount of money greater than which currently exists, then eventually the banks will end up with all of the money; just like a fractional reserve monetary system only much slower.  This is the primary reason why private banks must not exist, and the charging of interest must be completely outlawed.  The charging of interest also assumes that there is a “cost” to money, therefore again treating it as a commodity.  Money should only be used as a service to the people, not as a force that will enslave them in perpetual debt. 

Finance Capital and The Capitalist Exchange Markets

As mentioned above, all forms of monetary speculation must be prohibited.  This means the complete abolition of the stock exchanges, currency exchanges, and commodity speculation.  These markets serve as nothing but a vehicle for wealth transfer.  Also, in a non-inflationary monetary system these markets would not be needed to “grow your money” as we are told today.  Our current inflationary monetary system and the modern stock exchange go hand in hand to systematically steal the wealth of the American people.  First, our inflationary fractional reserve system not only serves as a vehicle to collect absurd amounts of interest from the public, but it also destroys our buying power through constant inflation.  Therefore, in order to “protect our money from inflation,” we are told to invest our money in the stock market so it can grow with the cost of living and reach an amount suitable for a future retirement.  Little do the American people know that they are being led into a trap. 

Most people are extremely ignorant of how the stock market really works.  We are told that our economy lives or dies by the performance of the stock market, but nothing could be any more ridiculous.  The only time any money is raised by a company issuing stock is at it’s IPO, or initial public offering.  The company issues the stock to the public at a certain fixed price, and collects the proceeds as a means of raising cash.  After this, the stock is then traded openly on a secondary market i.e. the stock exchanges (New York Stock Exchange, NASDAQ, etc.).  There are a fixed number of stock certificates trading for each company, which means that anytime a stock is sold someone else must buy it.  This has been the traditional role of brokers; as a middleman to match up sellers and buyers.  Many times, if a match cannot be made right away the stock is held in possession of the broker until he can find a match.  But, the overall concept stays the same.  This means that if someone makes money in the stock market, then someone, somewhere loses that value.  This also means that there will always be winners and there will always be losers when it comes to the markets.  Everyone cannot win. 

If everyone cannot win, then it seems fruitless to advise every citizen to invest their money into the stock market, doesn’t it?  No, not if you plan on stealing it from them.  Some of the most wealthy individuals on the planet have obtained their money through this very system, all while creating absolutely nothing of value.  They have only traded pieces of paper back and forth, while normal Americans sometimes put in 40+ hours of hard labor per week.  Hedge fund managers for example, are even able to pull off this scheme by using massive amounts of money that isn’t even theirs.  They borrow huge sums of money, buy up large amounts of stock with it, and then walk away with half of your 401(K) account.  In addition to this, the stock market does NOT move based on company fundamentals, like we are told.  No, market manipulation and insider trading are very real things, and they go on extensively every day.  Read my post on stock market manipulation to get a better idea of how this entire process works.  

It is true, some of the money that has been newly-created by inflation will end up in the stock market, thus pushing the total value of the market up as time goes on.  However, this is not even close to enough money to ensure profits for everyone who invests, especially since the major market players will gobble up a significant portion of it anyway.  After the recent bank failures the stock market plunged, and we were told by financial commentators that “over $9 trillion of wealth had evaporated from the stock market.”  This statement is rubbish.  First, much of this “wealth” was nothing more than fictional numbers on paper that didn’t represent any real wealth at all.  Secondly, if the stock market falls drastically it means people have been selling.  When people do more selling than buying the stock market drops, and vice versa.  This means that a significant number of people just lost money, but someone had to have sold at the top for a profit.  These individuals are likely to be few in number, and could have quite possibly acquired insider information as to what was going to happen in our economy.  We saw this similar situation when massive amounts of options were placed on American Airlines in the days leading up to 9/11, revealing that not only did many people have foreknowledge of 9/11, but insider information was being used to profit from it. 

In regards to the stock market, with all of the possible manipulation methods used by the major market players, the retirement accounts of average Americans can be systematically stolen.  In the period following 9/11, and now following the banking crisis, we have seen hard-working Americans potentially lose half of their entire life savings by no fault of their own.  And, since these American’s lost wealth in this process, that means someone else gained wealth.  All of this wealth was obtained by creating nothing of real tangible value, yet we are supposed to believe that the stock market is the pinnacle of American freedom.  As you can see, our inflationary monetary system and our speculative exchanges work in concert to steal the hard earned wealth of the working public.

Similar methods are used with currency exchanges and commodities exchanges; one example being the unreasonable and outrageous spike in gasoline last year, leading to prices of over $4 a gallon.  Much of this spike was not created by supply and demand, but instead by speculators who never even touched a barrel of oil.  These people profit in the comfort of their office, while we pay for their luxuries at the pump.  This is also a matter of national security.  A commodity as important to our country as gasoline should never be in the hands of speculators who are looking to turn a quick profit at the expense of average citizens.  Currency exchanges are also particularly harmful.  Each day the dollar is traded openly against the other currencies of the world, and this relative value fluctuates regularly.  This is yet another example of money being used as a commodity.  It assumes that the value of a dollar can change on a daily basis, and therefore so can the value of someone’s labor.  Should your labor be worth more one day and less the next?  Should we let international currency traders determine the value of your labor, rather than your own productivity?  Obviously not. 

Historically the dollar has been quite strong compared to other world currencies.  This fact, combined with lax international trade laws, has encouraged the off-shoring of labor among U.S. businesses.  This is because an American business can set up a manufacturing facility in a country with a cheap currency, produce the product at next to nothing, and then sell it in America for a large profit.  This not only destroys the American working class, but it harms our national security as well.  If we no longer possess manufacturing facilities within our borders, then we become totally dependent on other countries in times of war. 

The disparity in the value of currencies has great influence over our buying power as well.  When the dollar is strong we are able to afford more imports, but when the dollar is weak our exports increase.  This fluctuation in the value of the dollar not only affects the individual consumer, but it can also create roller coaster economic cycles for companies that survive off of imports or exports.  International bankers also take advantage of worldwide currency exchanges.  They are able to buy and sell large amounts of different currencies in different countries.  They can make tremendous profits from these paper transactions, which results in nothing more than the theft of a country’s wealth.  This type of behavior is supposed to be regulated by international authorities, but that’s like saying the SEC should have caught Bernard Madoff at the inception of his ponzi scheme.  These are the primary reasons why a Nationalist country should not expose its currency to international exchanges.  A nation’s currency should represent a certain value of labor or goods.  Since the value of someone’s labor does not change from day to day, neither should the value of the nation’s currency.

The entire notion of modern finance capital needs to change.  A Nationalist economy should only recognize real capital; that is, tangible assets and labor.  In real life, these are the only things that have actual value.  Since a Nationalist economy should be based on these principles, then so should it’s monetary policy.  In part 2 of this essay, I will explain the details of implementing a Nationalist economy.  I will discuss the following topics: Implementing and operating a debt-free, non-inflationary, Nationalist monetary policy; the role of government in a Nationalist economy including social policies; the disadvantages of a Gold Standard; handling international trade; and tax structure.  I feel that once I explore all of these areas, the entire concept of Nationalist economics will come together for you in a nice understandable package.

Click Here to Read Part 2

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