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Israeli Hypocrisy Over Nukes

The excerpts quoted below are from this article.

Yesterday Israel announced one of it’s most hypocritical actions yet; claiming that they are now pursuing nuclear power for civilian electricity.  In turn Syria, one of Israel’s bitter rivals, also announced they would like to build a nuclear power plant in the future.  However, Israel expects the world to never question their own actions, yet calls for mass condemnation of any Arab country pursuing the same goals:

Israel - which is widely thought to have a secret nuclear weapons program - is unlikely to accept Syrian assurances its program is civilian…..

So, even though Israel has long had a secret nuclear program and possesses up to an estimated 300 nuclear weapons of its own, they cannot stand for any Arab country even building a reactor.

Such construction could also increase pressure on Israel to open its facilities to inspectors with the International Atomic Energy Agency, which would shine a spotlight on an area the country has long kept secret.

The Jewish state is used to being accused of nuclear hypocrisy. It demands a nuclear-free Iran when no one doubts Israel has nuclear weapons of its own.

Charges of double standards could intensify - making it harder for Israel to argue that Iran must open all its facilities to world scrutiny…..

Yep, that’s right.  Hypocrisy.  Israel not only wants strict economic sanctions placed on Iran, but is actively lobbying the United States to attack them for pursuing the exact same goals that Israel has in mind.  Even if Iran were trying to develop a nuclear weapon, it is still outrageous considering Israel has hundreds of nuclear weapons and does not allow any international inspections of them:

Landau said his country (Israel) would open any nuclear power plants to international inspections - but said “we don’t see a reason” to allow inspectors into sites that are believed to house Israel’s nuclear weapons, or to sign the international Nuclear Non-Proliferation Treaty….

So let’s get this straight folks.  America’s number one reason for going into Iraq was because Saddam Hussein denied international inspectors full access to facilities, and therefore violated one U.N. resolution.  Despite how today’s “conservatives” claim to hate the U.N., they are now actively supporting a war based on a U.N. resolution - quite ironic isn’t it?  Or maybe it’s just plain stupidity.

Now, after Israel and America have been putting pressure on Iran to open up their facilities to U.N. inspectors, Israel flat-out says that they will not allow inspections of their weapons facilities nor will they sign the non-proliferation treaty.  Absolutely outrageous!  But, the American media doesn’t care.  Nor do they care that there have been over 60 U.N. resolutions condemning Israel, but America goes to war with Iraq over only one resolution.  Without the U.S. to unilaterally veto many of the resolutions, Israel would have well over 90 leveled against them.  No wonder the Arab world hates us.  Could our one-sided support of Israel be any more blatantly obvious?

In 2008, Israeli warplanes struck a Syrian site the U.S. alleged was a plutonium-producing reactor secretly being constructed with help from North Korea….

An Israeli raid in 1981 destroyed Iraq’s partially built Osirak nuclear reactor.

Israel has shown that they will use preemptive force to destroy nuclear facilities in Arab countries.  The U.S. has been complacent with such actions.  But, what do you think would happen if an Arab country launched a strike on Israeli nuclear facilities?  Do you think that America would stay out of it?  Do you think the media would remain unbiased?  Or do you think it would be a catalyst to pull the U.S. into another war for Israel?  I know which one I’d put my money on. 

Landau called Israel’s need for nuclear energy “imminent” but gave no timeline for building a nuclear plant.

Right, it is just assumed that Israel needs to pursue atomic energy to ensure its survival, yet the Left in America has prevented the expansion of U.S. nuclear power despite our own energy crisis.

Jews In The Obama Administration

I recently found a couple links outlining the extent to which Jews are involved in the Obama Administration, not only currently but also in the infancy of his presidential campaign.  The first article points to many of the Jews holding top positions throughout the Obama Administration, the Federal Reserve, Goldman Sachs, the Council on Foreign Relations, etc.  This, my friends, is why the popular conservative pundits will never be right - they refuse to address the significance of the following facts.  The list is far too extensive to re-post it here.  See the full thing at this webpage:

http://zsidozas.wordpress.com/2009/01/20/obamas-jewschange-we-cant-believe-in/

The next two articles outline the financial and political influence behind the Obama campaign.  You’ll see that Obama received much of his financial and media support from them, not to mention personal guidance as he was becoming a radical Marxist.  The Jews knew that not only would his race serve to soften-up white America even more, but that they were also getting a friend of Israel. (And an easily manipulated moron as president)

Since many of the top advisors to Obama (and many past presidents as well) are Jews, you wonder how the man receives any un-biased information.  The position of president has become nothing more than a front, while Jewish advisors work for Jewish interests in the background.  Is it any surprise how unintelligent our presidents have been?  You know the job is a joke when you have imbeciles like Clinton, Bush, and Obama supposedly running the most powerful country in the world.  Read who is behind Obama here:

http://incogman.wordpress.com/2009/08/11/who-is-behind-obamas-rise-to-stardom/   

http://incogman.wordpress.com/2009/01/21/the-zionist-wolf-in-sheeps-clothing/

“Nice” Is Not An Excuse

Recently I was informed about a young couple that was going to get married. The girl was white and the boy was Hispanic. I was told how bad of a person the girl’s father was, because “he didn’t want his daughter marrying a Mexican.” Simple enough. I responded by saying that I wouldn’t want any of my children marrying outside of their race either. “But this guy is different,” I was told. “He’s a good Mexican. He’s nice.”

Well, apparently that makes it ok then. You know, throwing away thousands of years of evolution and all. Since when has a society, a race, or an individual achieved greatness solely based on the fact that they were…nice? I can’t point to a single example, but apparently that’s how most white people justify multiculturalism these days. They could never imagine opposing it, because it means they would have to offend the “nice” blacks or the “nice” Hispanics, as if this had any bearing on the eventual outcome. The logic behind this is flawed from the beginning. Everyone knows there are blacks and Hispanics that are good people, but there is absolutely no legitimate means of separating the “good” ones from the “bad” ones.

For example, if a formerly all-white town becomes a target of massive Hispanic immigration, there is no way to adequately screen those immigrants who are “good” from those who are “bad.” The town will then inevitably suffer from higher crime rates and more social ills than it did before. This is because as a group, both blacks and Hispanics have higher rates of crime and anti-social behavior than whites. The same thing goes for the mexican border. You cannot control what type of person gets into the country. It is even harder to screen for those that are of below-average intelligence, or for those who might overuse public services. There is just no possible way to experience the “good” people without experiencing all the “bad” ones as well. This fact is especially guaranteed due to black and Hispanic populations consistently possessing lower IQ’s than whites on average. The only way to deal with the problem is to address it in a statistical manner. If we allow massive immigration, and every major city is destroyed by non-white crime and unproductiveness, then what have we gained? Do the achievements of the “nice” minorities somehow outweigh the destructiveness of the “bad” ones? Of course not, especially when many of the “good” ones still possess below-average intelligence.

Despite what the media tells you, I don’t disagree with mixed-marriages because I “hate” other people. There is a very good reason to oppose such behavior if you care about the future of your country at all. There are some very damaging things that come from a mixed-marriage, other than the fact that it increases the acceptableness of it. If a white person has children with a non-white person they are literally destroying the uniqueness of thousands of years of evolution. Races have been shaped differently by evolution over the millennia because they were exposed to different environmental pressures. Each specific race of people developed in a specific area of the world. It is this segregationist breeding that has produced the different races of mankind. The differences that have developed are great enough to influence the inherent nature of each population. In each race of humans we see significant statistical differences in things such as intelligence, aggressiveness, athletic ability, personality traits, disease rates, drug metabolism, crime rates, bone structure etc. It then comes as no surprise that different races of humans therefore produce different types of societies.

It is no coincidence that every black society (whether it is Haiti, Congo, or Detroit) has striking similarities. It is also no coincidence that the majority of the world’s progress has come from Europe, North America, or Asia. The recognition of the fundamental genetic differences between races is absolutely necessary to understand human behavior. So, when a white person chooses to forego having children with a fellow white, and instead produces offspring with a non-white, they are ending an evolutionary cycle that has been guided by nature for tens of thousands of years. This offspring and their descendents will never be white, and thus not possess certain characteristics at the same rate as whites; whether these are physical, mental, or behavioral. Once this has been done, there’s no turning back. Their ancestors’ unimaginable struggle to survive and reproduce has all been in vain. The cycle stops here.

It’s funny how the same liberals who dedicate their lives to preserving a certain species of animal care nothing about preserving a certain sub-species of humans. If the African Bush Elephant was close to extinction, do you think it would be acceptable to say, “oh that’s ok, let them go extinct because there will be plenty of Asian elephants left.” No, this would never be acceptable because African Bush Elephants and Asian elephants are two distinct species. They are genetically unique from one another, and if you lose one type you will never get it back. It is gone forever. The mere act of preserving the existence of a unique race of people should be reason enough why interracial marriage should be highly discouraged - it actually destroys the diversity created by nature.

Furthermore, when a white person chooses to have children with a black or Hispanic partner, their offspring will have a higher probability of inheriting below-average intelligence and a greater propensity towards crime. As explained in David Duke’s book My Awakening, the IQ’s of the offspring will fall about halfway in between the IQ’s of the two parents on average. And, since blacks and Hispanics possess lower IQ’s per capita, then this will inevitably result in a higher percentage of children being born with lower intelligence. It doesn’t take a rocket scientist to figure out that this gradual process will have disastrous effects on society in the future.

Another reason to oppose this behavior is because of the mixed-race child’s future mentality. They will never be able to identify with a single race or heritage, which is a cruel thing to do to a child to begin with. But also, they are far more likely to buy into the entire “diversity” agenda, because they are a product of it. They will have a greater probability of growing up promoting racial diversity. They will be a proponent of the racial egalitarian message which is constantly spewed by our mass media. In essence, they grow up becoming part of the problem, not part of the solution. They will be more likely to oppose white racial self-determination.

How will whites ever be able to take control of their own future when thousands of vocal opponents are being born daily? Even more, these children of mixed-marriages frequently grow up to be more productive than members of the non-white parent’s race, making them more acceptable to white people in general. But, this action can never be acceptable because the offspring of mixed-marriages will inevitably produce negative evolutionary effects on society. These are the statistical realities. This is also why it is important to encourage intelligent and productive white people to have children, and not to subsidize the procreation of lower-intelligence whites. Of course, this is exactly opposite of what our government is now doing, which is devastating the quality of the white population as well.

In fact, out of all this talk about niceness, I truly believe that I am showing the most compassion out of anyone. I am only advocating what is best for our children and for future generations. Tell me, what is more compassionate? A society comprised of low intelligence, higher crime, and degeneracy; or a society comprised of higher intelligence, health, and character? You can complain about the ailments of society all you want, but nothing will ever improve if we choose to ignore genetics. The process of reversing this course of genetic decline is not going to be easy, but it is absolutely imperative that it be done. There will surely be nothing nice about it.

The Death of The Dollar

Below are a few videos highlighting the current global financial agenda.  Over the past two years international markets have had to deal with a reckless financial crisis precipitated by U.S. political and monetary policy.  Much of the mainstream media fails to report that the rest of the world is moving away from the U.S. dollar, and it will no longer serve as the world’s reserve currency.  But this should be of no surprise, since the media shuns anything of real substance.

I don’t believe most people realize what this truly means.  For decades now, foreign central banks have generally held dollars as reserves, basically in the place of gold.  This was done because at one time the dollar was the world’s most stable currency, mainly due to the fact that IT was backed by gold.  Once we abolished the gold standard (due to our irresponsible spending) the rest of the world naively continued to treat the dollar as if it was still as good as gold. 

These factors have given the U.S. a huge upper hand in global markets.  It has allowed America to forego actual production, and export our inflation instead.  Many of the world’s markets are also exclusively conducted in dollars, including oil.  This privilege we have maintained has led to the complete disregard for domestic manufacturing.  After all, why create anything of real value when all you have to do is borrow or create money, and everyone will accept it.   Due to our lack of domestic production, if this system was suddenly taken away we would not have the capacity to produce the goods needed to maintain the viability of our currency. 

Ironically this scenario is already in the works.  It is becoming apparent to the rest of the world that the U.S. is unable to produce enough to repay our debts.  They are tired of throwing good money after bad, and they are tired of financing our wars for Israel.  Global monetary authorities are proposing that a new basket of currencies be devised in order to replace the dollar’s current status.  This is not hearsay or speculation.  This has been widely reported around the world.  Explore the following Google search to find dozens of articles pertaining to this: http://www.google.com/search?sourceid=navclient&ie=UTF-8&rlz=1T4GGLL_enUS329US330&q=dollar+reserve+currency

As mentioned in one of the videos below, the initial revaluation of currencies during this process could cause the dollar to lose at least 50% of it’s buying power.  The dollar would then be subject to legitimate valuation, where it’s relative supply and the strength of the U.S. economy would be the determinants of it’s worth; moreso than today at least.  Due to the recent explosion in the U.S. money supply, the dollar could easily end up losing far more than 50% of it’s value if the right steps are not taken.

Can you fathom what this would do to our country?  Our GDP is comprised of over 70% consumer spending, now that we have transitioned into a “service economy.”  Imagine if your paycheck could only buy half of what it currently does, or even less…  This would utterly destroy the U.S. economy and it would take years for us to regain the much-needed productive capacity to improve our standard of living.  Not only that, but think of all the people dependent on the federal government:  employees, state governments, welfare recipients, medicare and social security recipients would all take a hit.  They would see no rise in benefits to keep up with the decline, as the government struggles to meet it’s debt obligations.  You think there is a healthcare crisis now, wait until widespread inflation ensues and no one has the means to pay for it.

There are only a few ways to successfully cope with our current debacle, but none of them are being pursued by our government.  To save the value of our currency extreme spending cuts are needed.  Elimination of entire departments and programs should be pursued as soon as possible.  The future U.S. financial obligations are a catastrophe waiting to happen.  A monstrous rise in taxes will probably eventually be necessary.  I wouldn’t be surprised if one day the government has to completely default on medicare and social security payments. 

Interest rates also need to rise dramatically, probably to the level we saw in the late 1970’s.  If not, the money creation will be too intense to ward off inflation and declining demand for the dollar.  Unfortunately, the spending cuts are a political impossibility and the rise in interest rates would throw our economy into a deep depression.  Our economy survives solely on debt now, and without cheap credit consumption will drop to a fraction of what it is today.  Even more troubling is the fact that if interest rates rise, the interest payments on our national debt follow suit; and the U.S. has no means to meet these short-term payments other than to print new money.

The politically difficult options probably won’t be pursued by the government, which means the Federal Reserve will be forced to “monetize” our debt when no other country is willing to finance it.  It achieves this by buying bonds from the U.S. government, and it prints the money to do so.  When this happens on a large scale there is no stopping the inflation.  One thing is for sure - there is absolutely no easy way out of our current mess.  Disregard what the television pundits are telling you about the false “economic recovery.”  We have not yet seen the real collapse. 

Videos:

Joe Arpaio, a popular Arizona Sheriff, has been sanctioned by a federal Judge due to alleged document violations.  Read the AP article here.  Arpaio has made a name for himself by being extremely vigilant against the illegal alien problem, despite efforts by the federal government to render local police helpless with enforcing immigration laws.  In most instances, local law enforcement agencies around the country have no authority to inquire about a person’s immigration status.  Due to these ridiculous rules, illegal aliens frequently obtain legal driver’s licenses, are not deported, are released to commit more crimes here in America, and are housed in our taxpayer-funded jails.   Basically what it comes down to is that Arpaio got tired of the federal government’s inaction on the issue.  In my opinion, this is not a matter of government inaction.  It is exactly the outcome the government wants.

In a state like Arizona, Arpaio understands first hand what immigration is doing to his community.  Pro-immigrant groups and various Jewish organizations have been very vocal at denouncing Arpaio’s progress.  These groups would rather see unlimited non-white immigration into our country than any law and order along the border.  It still amazes me though, that White American’s are completely oblivious to the role in which Jews have played in pro-immigration and pro-black movements.  No, Americans can’t be concerned with these details.  They are too busy trying to find new reasons to send our young men off to die for Israel.

A group of Hispanics filed a lawsuit against Arpaio on grounds of racial profiling.  As if race and illegal immigration have no correlation.  By no surprise, the man representing this group of Hispanics is Jewish lawyer Peter Kozinets.  As stated before on this website, the more extreme Jews are about their own racial identity, the more anti-white they are.  It just so happens that Mr. Kozinets is a prominent member of the American Jewish Committee.  His affiliations below are taken from the following website: http://www.steptoe.com/professionals-114.html

  • American Jewish Committee, Arizona Chapter, Judge Learned Hand Awards Luncheon, Co-Chair, 2005-2006; Selection Committee Member, 2003-present.
  • American Jewish Committee, Arizona Chapter, Board of Directors, 2005-2006.
  • If you go on to read his profile on the above site, you’ll see that he has been active in immigration law before - fighting for the immigrants of course. 

    The following link is to the American Jewish Committee’s Domestic Policy page:

    http://www.ajc.org/site/c.ijITI2PHKoG/b.823785/k.A5C6/Domestic_Policy.htm

    If you explore their website along with their positions, you’ll see that the AJC has fervently fought for looser non-white immigration, the abolishment of religion in school, and anti-white multiculturalism.  You’ll also notice their staunch pro-Israel, anti-Muslim positions.  They have many references on their site to “The Iranian Threat” and “Muslim extremists.” 

    What?  Why do they not show the tolerance and brotherly love towards Muslims that Whites are supposed to show towards third-world invaders?  Because of the outrageous Jewish double-standard of course!  Think about it for a second.  On one hand, they are fighting for the existence of the Jewish people and for the “Jewish State” of Israel, yet they tell us to accept hoards of foreigners with open arms.  How long do you think a Gentile would last in Israel if they started advocating for unlimited Muslim immigration?  Not long I bet.

    The AJC is not alone in the Jewish effort to influence immigration policy.  You’ll find that most major Jewish organizations in America take the same positions.  The ACLU, for example, has played a large role in defending illegal invaders.  I could literally point to hundreds of cases of Jews working to support illegal immigration.  The problem is that White people are too busy sitting in front of their television sets to ever inquire about the people behind this mess.

    This situation is yet another example of why our current “democracy” is an utter failure.  These Jewish lawyers use loopholes in the law and agitate to no end.  They eventually win their cases despite the verdicts going against all common sense, not to mention the will of the American people.  Why?  Because there is no practical way to change these open-ended laws without receiving huge condemnation from the mass media.  It will be nearly impossible to enact the necessary legislation to put an end to illegal immigration.  It will just never happen under our current system, especially with the majority of American’s under the spell of the mass media.

    Read More About Jewish Influence on our Immigration Page.

    Half Of All Immigrant Families Receive Welfare

    This includes both illegal AND legal immigrants.  Yet another reason to oppose legal immigration as well.  How long is this sustainable?  We’re importing millions of uneducated non-whites per year.  As the productive White population dwindles, who is going to pay the taxes that support these people?  Add this problem on top of our nation’s pile of debt, and we are headed for disaster; a disaster in which we will be outnumbered.

    Roy Beck and NumbersUSA are not affiliated with Midwest Free Press in any way.

    Click here for original article

    (THE WELFARE EXAMPLE) Want Smaller Government? You Have To Reduce Immigration

     By Roy Beck, Monday, February 8, 2010, 1:59 PM EST

    For those of you whose primary political interest is stopping the growth of government or even shrinking it, you have to contend with national leaders who say they agree with you but who refuse to deal with immigration. They say immigration is a “social” issue that isn’t related to government spending and deficit issues. They couldn’t be more wrong. . . .

    Let’s start with this tidbit from government data provided by the Center for Immigration Studies (Table 13: “Immigrant Households with Children Under 18″):

    Roughly ONE-HALF of all immigrant households with kids are accessing the welfare system, especially food and Medicaid welfare.

    In this case, “immigrant” includes both authorized and illegal foreign citizens allowed by the federal government to settle in our country. Since 2000, that number each year has averaged around 1.3 million a year — plus another 1 million births to those immigrant households.

    With one-half of those households being poor enough to use the federal, state and local welfare systems, is there anybody blind enough to think that adding 2.3 million people a year to immigrant households is not driving huge increases in government?

    That is 23 million disproportionately poor and welfare-using people a decade!

    NumbersUSA doesn’t take a specific stand on whether government should be bigger or smaller. But we do think it is strange that our government has this humongous program that imports massive amounts of poverty into the country each year.  And the welfare use is just the tip of the iceberg.  If about half of these households are poor enough to qualify for some form of welfare, that means they can’t come close to paying the taxes required to provide for all the extra physical and social infrastructure to take care of the presence of these 23 million new residents each decade.

    Even stranger is that this gargantuan driver of bigger and bigger government was promoted and continues to be supported by the Republican National Committee and by the Republican leadership of the U.S. Senate and House of Representatives.

    Republican leaders every day castigate Pres. Obama for trying to bloat government, but Republican leaders resolutely refuse to even suggest that the government reduce its importation of welfare-using immigrants.

    Why?

    The reason should be clear: Republican leaders may say they want to shrink Big Government, but not if it gets in the way of pleasing their cheap-labor corporate donors and the U.S. Chamber of Commerce.

    Two key drivers of the growth in welfare usage and bigger government are the chain migration and visa lottery categories of our immigration system.

    Those two categories would be eliminated by the Gingrey bill and the Goodlatte bill (a couple of Republicans who are sincere in their concerns about the size of government and the burden on taxpayers).

    Click on their names above to see if your U.S. Representative has signed on.

    Not a single U.S. Senator — Republican or Democrat — has cared enough to even introduce a bill in that chamber.

    But Republican leaders in Washington will not allow these immigration reductions or any other to be pushed to the top of their agenda. The word from the leaders is that Republicans are to ignore immigration altogether this year. The intent of the Republican leaders is to ensure that 23 million people continue to be added to the heavily welfare-using immigrant households each decade. That is one form of bigger government that the Republican leaders love.

    Video - The Case Against Legal Immigration:

    Below are two videos of Edward Griffin speaking about our banking system.  Griffin is one of the original men to do extensive research on the Federal Reserve.  He is the author of the book The Creature From Jekyll Island, which explains how the Federal Reserve came into existence.  His work has been instrumental in the quest to expose the private banking interests which enslave our economy.  It is imperative that Americans learn the facts about the Fed, because it is quite possibly the most destructive institution in American society.

     

    How Money Is Created And Destroyed

    Below is a very simple, short video explaining the methods of money creation and destruction in our economy. Please watch it closely in order to understand what I am about to write.

    Notice how there is no restriction on the Fed’s creation of money. All new money is issued as debt. That means that the “Principal” amount is injected into the economy, but “Principal + Interest” is owed in return. Where does the money to pay this interest come from? Notice at the very end of the video when the narrator assumes that the bond has a 0% interest rate. I was very disappointed at this point. It would have been a perfect opportunity to illustrate the most dangerous part of the entire system.

    As we all know, bonds are not issued at 0%. This means that the $1000 used in the video to pay off the bond would not be enough to cover all that is owed, because it doesn’t include the interest. This is the fundamental problem of our debt-based monetary system; the interest charged on newly-created money does not yet exist. This means that in order to pay off the interest, more money must be created; but it is also created as debt. This system requires that new money be created perpetually in order to pay off the interest associated with previously-created money.

    So, the overall money supply must grow forever. As I’m sure you all understand, when the money supply is increased with no subsequent increase in production it creates inflation (a rise in prices). This is because more money is now chasing the same number of goods, so it is therefore worth less than before. It dilutes the money supply. Since wages almost never increase at the rate of inflation, this process destroys our buying power and therefore our standard of living. Some people will try and tell you that America enjoys a better standard of living now than ever before. But this is only because of an enormous increase in overall debt. Businesses, households, and consumers in general carry more debt now than ever before. This outcome is completely predictable based on our monetary system, but it is also the only way we are able to afford our standard of living. If the ability to run up debt goes away, then so does our standard of living.

    Of course the only way to legitimately increase our standard of living is to actually start producing things once again, rather than just borrowing and consuming. After all, 70% of our economy is based on consumer spending. This is why the government could not let the banking system collapse, because our entire economy is propped up by the enormous bank-created debt. Even more outstanding, as the video shows, if all citizens were to pay off all of their debt there would be a cataclysmic decrease in the money supply to the point where it would freeze the economy. The economy cannot function without money. Either a gold standard, or a debt-free currency could be traded freely within the economy without dependence on debt to ensure it’s existence. As of now, in our current system, we are truly slaves to debt.

    Furthermore, as a result of this new money creation, and in order to keep up with it, the economy must also try to grow perpetually. This is completely unsustainable. Not only is it unrealistic to assume an economy can grow forever, but during the process of trying to do so the system consumes everything in it’s path. It cares not about the depletion of natural resources, pollution, sustainability etc. All it cares about is growth. Although the government could simply create new money absolutely debt-free, completely sidestepping a private bank, it instead chooses to pay interest to the Federal Reserve. And for what? What essential service is the Fed providing? What is it doing to earn all of this interest income? Nothing. It has merely been granted the authority by the government to run this giant ponzi scheme. And it does so at the expense of the American people.  Be sure to also look at the chart below as well.

     

     

     

     

     

     

     

     

     

     

    Click on Chart to Enlarge

    Above is a 200 year chart of the Consumer Price Index (CPI).  It is what the government uses to keep track of inflation.  However, they don’t include either food nor fuel in the index, two sectors that are incredibly prone to inflation.  These two items also make up a huge portion of the typical American family budget.  Because of these exclusions, among other discrepancies, many people believe that the government consistently understates inflation.  The government has also stopped keeping track of M3, a very accurate measure of the money supply. 

    Notice when inflation started getting out of control.  It began in the 1960’s when there was a drastic increase in government spending on “The Great Society” and the Vietnam War.  Because of this the U.S. had to officially break away from the Gold Standard in 1971.  Look at what has happened to consumer prices since 1971.  The chart speaks for itself.

    Jewish Influence in U.S. Immigration Policy

    Below is a video consisting of various interviews, including one with Dr. Kevin MacDonald.  He gives a brief history of immigration in the 20th century.  MacDonald has probably done more research on Jewish influence in Western society than anyone else.  He correctly states that Jewish organizations have always led the fight for more (especially non-white) immigration into the United States.  For more information on this please visit our Immigration Page.  Dr. MacDonald has written some fantastic books on Jewish evolutionary strategy.  I highly recommend them to anyone who is interested in the subject.  The video lulls a bit in the middle but does pick back up.

    Future U.S. Deficits Are Unsustainable

    Realistic Budget Baseline Shows $13 Trillion in Debt over the Next Decade

    by Brian M. Riedl
    Senior Policy Analyst
    Heritage Foundation

    Read Original Article Here

    The new Congressional Budget Office (CBO) 10-year budget baseline provides a sobering picture of a federal government that has committed itself to trillions more in spending than taxpayers can afford. Once the baseline is scrubbed of several unrealistic assumptions that Congress demands CBO use, the more realistic baseline shows that massive spending increases are set to keep the budget deficit to $1.4 trillion in 2010 and drive it to $1.9 trillion by 2020.

    A Sea of Red Ink 
     
    The CBO baseline contains two important messages. First, Washington is accumulating debt at an unsustainable rate. After the debt slowly grew to $5.8 trillion through 2008, the more realistic baseline shows the federal government adding an astonishing $16.3 trillion in new debt between 2009 and 2020–$130,000 per household over those 12 years.

    Budget deficits would average $1.3 trillion annually as the debt climbs to 98 percent of the gross domestic product (GDP) by 2020–and continues growing thereafter. This steep rise in debt would eventually become too large for global capital markets to absorb, potentially triggering a financial crisis, interest rate spike, and gigantic tax increases…

    …Thus, President Obama’s spending agenda–which would be unaffordable even in good budget times–is completely unrealistic in this sea of red ink. On top of this baseline, the President would spend trillions of dollars on a new health care plan. This cost would be partially offset by painful tax increases and deep Medicare cuts that, if enacted, would be better spent on meaningful deficit reduction. The President’s stimulus did not create 3.5 million jobs as promised, but it did add $1 trillion in new debt. The effect of these policies is to dig the fiscal hole deeper, forcing future lawmakers to choose between even larger tax increases and deeper spending cuts…

    General Budget and Spending Trends: A Look Back 
     
    Context: Since World War II, federal spending has generally remained between 18 and 22 percent of GDP. During the Bush Administration, spending increased from 18.4 to 20.9 percent of GDP.

    In 2009, spending increased by $535 billion (18 percent), and revenues declined by $419 billion (17 percent). This increased the budget deficit from $459 billion to $1,414 billion.

    The 18 percent spending increase in 2009 was the largest single-year expansion of government since the height of the Korean War in 1952.

    Overall, from 2001 through 2009, federal spending surged 51 percent faster than inflation. Federal spending per household expanded from $21,510 in 2001 to $29,813 in 2009.

    For longer-term comparisons, it is best to measure spending as a percentage of GDP. In 2009, federal spending reached 24.7 percent of GDP–the highest level in American history outside of World War II. Non-defense spending reached a record 20.1 percent of GDP.

    Discretionary spending has increased 25 percent in three years–not even counting the $311 billion in discretionary stimulus spending, and approximately $150 billion in annual spending on the global war against terrorists.

    Over the entire 2009 through 2020 period, the Troubled Asset Relief Program (TARP) is now expected to cost $99 billion, while the Fannie Mae and Freddie Mac bailouts are estimated to cost $173 billion…

    General Budget and Spending Trends: Looking Forward 
     
    Between 2010 and 2020, recession-depleted revenues are projected to gradually rebound to 17.6 percent of GDP (slightly below the 18.3 historical average). Spending is projected expand to 25.9 percent of GDP–well above 20.7 historical average. Compared to those averages, 88 percent of all additional deficits by 2020 come from additional spending (5.2 percent of GDP above average), and only 12 percent comes from low revenues (0.7 percent of GDP below average). The table below breaks down where the new spending is coming from.

    Much of this spending growth will be driven by entitlements such as Social Security, Medicare, and Medicaid. Over the next decade, the CBO projects that Medicare will expand by 7 percent annually, Medicaid by 5 percent annually (above levels already bloated from the recession), and Social Security by 5 percent annually. These programs face a 75-year shortfall of $43 trillion.

    Deficits and Public Debt

    Context: Before 2009, the largest budget deficit recorded since the end of World War II had been 6.0 percent of GDP in 1983. The Bush Administration oversaw budget deficits averaging 3.2 percent of GDP.

    The 2009 budget deficit of 9.9 percent of GDP shattered the postwar record. Furthermore, the budget deficit is projected to remain above 5.8 percent of GDP indefinitely.

    By 2020, the budget forecasts a $1.9 trillion annual budget deficit, a public debt of 98 percent of GDP, and annual net interest spending surpassing $1 trillion.

    Over what would be President Obama’s eight years in office, baseline budget deficits are projected to total $9.7 trillion–nearly triple the $3.3 trillion in deficits accumulated by President George W. Bush. The public debt–7.5 trillion at the end of 2009–is projected to triple to $22.1 trillion by 2020.

    After remaining between 23 and 49 percent of GDP since the end of World War II, the public debt currently stands at 53 percent of GDP and is projected to reach a peacetime-record 98 percent by 2020.

    As the budget deficit increases over the next decade, so will net interest spending, from $187 billion (1.3 percent of GDP) in 2009 to $1,044 billion (4.6 percent of GDP) by 2020. Even that assumes that interest rates remain lower than in the 1990s. An interest rate spike could cost trillions of dollars in additional net interest costs.

    The coming tsunami of Social Security, Medicare, and Medicaid costs are projected to push the federal public debt to more than 300 percent of GDP by 2050 and over 700 percent of GDP by 2080.

    Read Full Article Here

    Gerald Celente Predicts Economic Collapse

    The following is a series of video interviews with the popular economist and trends forecaster, Gerald Celente. Celente is the founder and director of the Trends Research Institute, an organization which studies a myriad of economic and geopolitical events in order to predict future trends. Apparently Mr. Celente has been fairly accurate in the past and has successfully predicted quite a few major economic events. His grim economic predictions come as no surprise to us, since we have been writing for quite some time about America’s future economic woes. It’s really only common sense once you understand how our monetary system functions. You can then realize that our economy is built to fail, it is only a matter of time. Whether America’s economic downturn happens swiftly or is spread out over many years is hard to say, but the fact remains that the U.S. population will see a dramatic decrease in their standard of living.

    America’s anti-nationalist economic principles, and our fractional reserve banking system have destroyed most of the manufacturing in this country, and has enslaved the entire nation in debilitating debt; debt which we will never be able to pay back. The fat, lazy, and entertainment-filled American public is in for a rude awakening in the coming years. I say let it come; nothing could be better for this country and for White people in general. Only when the spoiled White population has their precious comfort pulled out from underneath them will they ever start to care about what is happening to this country. Let’s hope it’s not too late to salvage some of them, although I believe most Whites are far too brainwashed to ever start thinking racially again. Most Whites would rather die, or watch their children grow up in a degenerate swill-hole, than to ever be labeled a “racist” by the mass media. I have settled on this conclusion out of realism. America is far too gone to ever be saved through our current political system.

    We can have a “conservative” resurgence or even a new third party, but it will never be enough to turn this country around. The real power in this country; the banks, media, academia, and law; are all controlled for the most part by Jews. Any new mainstream political movement to emerge in this country would be immediately infiltrated and manipulated until it was no better than the Republicans or Democrats. Therefore the only way to save our country and our race is to completely remove Jewish influence from our societies. Every movement that is not strictly anti-Jewish will eventually be infiltrated and watered-down, as we are seeing with the current Libertarian movement within the United States.

    The Libertarian movement is extremely appealing to many Whites today, but you must understand that the Libertarian message has been corrupted over the years to be specifically anti-racial and anti-nationalist. Ludwig Von Mises, Murray Rothbard, Ayn Rand, etc. were some of the most influential Libertarian economists, and they were all anti-racialist Jews in favor of open borders and free immigration to some degree. Mises was even in favor of using violence against the U.S. in order to open up our borders to the rest of the world, because he thought we were keeping wages too high with immigration restrictions. 

    The modern Libertarian position on immigration also states that people should have the right to freely move across borders.  This belief denies the reality of racial differences.  It assumes that all races are equal, and therefore it shouldn’t matter who moves across your border.  Not only does Libertarianism deny the existence of racial differences, but it also assumes a nation is nothing more than an economic entity, rather than a body of people who share common culture and blood. So in a sense they are in favor of racial internationalism, which doesn’t differ too much from racial Marxism if you ask me. Achieving a populist anti-Jewish movement is much easier said than done, considering how the media attacks and discredits even mainstream conservatives, let alone anyone who shares our beliefs.

    As stated before, Gerald Celente has been very accurate on his predictions. He also states the truth on a lot of very important issues. He starts out by saying that Obama is out-Bushing Bush on the war on terror. This, of course, was entirely predictable. Since Obama immediately filled his cabinet with Jews upon taking office, it was likely that Bush’s Middle East policies would be continued. He notes that not only has the Obama Administration not repealed the Patriot Act, but they have extended it. As many of you know, the Patriot Act gives the government the authority to label anyone as a potential terrorist. They can then bypass the 4th amendment and perform unlawful surveillance, search, or seizure without a warrant. Following the Department of Homeland Security’s recent report which labels “right-wing” Americans as potential terrorists, you can easily see how this could be a recipe for abuse against the American people. Moreover, it gives the government the power to persecute those Americans who are the most likely to engage in resistance against our oppressive government.

    Celente comments on the increase of U.S. incursions into Pakistan, and the new media hype about Yemen. He points out that extending our “War on Terror” could have disastrous effects on our economy and our potential to be at the receiving end of more terrorist attacks. He intelligently points out that there are 300,000 Pakistanis living in America, and spreading the war into Pakistan may have some deleterious effects here at home. But then again, our government has no real intention of winning the war, which is why it is so broadly defined. The banks can make billions in profits from war-lending, and the Jews get to use American soldiers to subdue the Muslims for them. Why would they ever want to end the war?!

    Because of these continued policies, Celente believes that we will experience another major terrorist attack. Who knows if it will be real this time, or another staged event like 9/11. But one thing’s for sure; the government and media will again tell us that the only reason anyone would ever attack us is because they hate our liberty and freedom. Of course, it wouldn’t have anything to do with our foreign policy, or the fact that we have been influencing governments in the Middle East since the 1950’s.

    The first interview is with Alex Jones. I will be the first one to call Jones a clown. He absolutely refuses to address the Jewish question, and instead expects us to believe that some loose-net group of “global elites” possesses the organization and cohesive motivation to carry out what’s currently being done to our country.  We all know that gentiles who are involved in these activities usually do so out of individualistic greed, but the Jews act in a concentrated effort to advance the interests of the Jewish people.  But just like some other commentators out there, Jones does serve a purpose. He has even hit a giant milestone with regards to Israel, and now frequently talks about how much of Obama’s cabinet has dual American-Israeli citizenship.

    They go on to discuss Iran and Israel.  Celente claims that if Iran, Israel, or the U.S. make any aggressive action it could be the start of World War 3, although he believes the parties involved realize this and wish to avoid it. One thing is for certain, Iran will not be easily beaten, especially in a ground war. However, he doesn’t think Israel will strike Iran, but notes that Israel will still not stop building illegal settlements even though it is strictly against international law. They continue to ignore America and the world. He believes the worse the economy gets, the more war we will see.

    According to Celente, the U.S. financial markets collapsed in March 2009, but have been propped up by massive monetary infusions from the government and Federal Reserve. He notes that absolutely nothing has been fixed by these actions. The financial props will soon be gone and the commercial real estate market may be the next to go. One of the most important conversations they have is about Goldman Sachs‘ criminal activity. Goldman Sachs is a thoroughly Jewish investment bank which takes part in an enormous amount of market theft. It has now been officially reported that Goldman Sachs was “shorting” the housing market while steering customers to invest in it. They were telling their customers to invest in the housing market and at the same time betting against it. Celente believes this action served to destroy their competition and consolidate banking power, which I have said since the banking collapse first happened. They discuss Fannie Mae and Freddie Mac, now receiving unlimited funds to prop up the housing market while the executives get bonuses.

    Gerald Celente believes there will be a larger economic collapse in 2010, or the years following. This he mainly attributes to a coming currency crisis in which the world is looking to divest out of the dollar, while at the same time we are forcing ourselves to print more of them, therefore resulting in an inflationary depression. Because of this he is very bullish on gold prices and other commodities which will likely increase in value. One of his biggest fears is that when a collapse does happen, the banks may be forced to call a “bank holiday” in which people will not have access to their money. Despite the details he is sure of one thing; the dollar will go through an intense devaluation. On the topic of unemployment they discuss the government’s fudging of the official numbers. America now has 20% real unemployment. The only jobs being created are poor at best. College graduates can’t get good jobs, mainly due to their worthless degrees.

    Many things, including the federal student loan program, have enabled massive numbers of young Americans to flood our universities, thereby ensuring the dumbing-down of our higher education. It has also opened up the gates for illegal and non-white immigrants to fill the job gap left by college-bound American kids. It is intuitive that universities are experiencing large profits from the student loan program and cannot afford to fail a certain percentage of their students. So, since everybody goes to college, and almost everyone must pass the curriculum, that means the material must be dumbed-down to allow this. In turn the quality of education, our manufacturing base, and our kids all suffer greatly. A bachelor’s degree is now beginning to be worth about as much as a high school diploma used to be. We have hundreds of thousands of college graduates going nowhere, and many of them are in debt up to their eyeballs.

    Due to all of these circumstances Celente believes a 2nd American Revolution will come, although possibly peaceful in nature.  But, I’m not so sure this can be achieved. Banking executives like Goldman’s Lloyd Blankfein are in the process of looting the American economy because they know they’re in trouble. Many still cannot gage the anger brewing among average Americans. One of the more positive things going on right now is the amount of information available on the Internet, and this is fueling the resistance. We continue to see the emergence of new information and news outlets online, which is the Jews’ worst nightmare. In response, a program of net neutrality is being proposed for Australia which mimics the Internet censorship that has been enacted in China. American Jews will continue to spearhead the movement for Internet censorship here as well. After all, the only way they can win is if the U.S. population remains under the influence of the mass media.

    In the second video, Celente continues his same tone. He is predicting the greatest depression the world has ever seen in 2012. The more independent countries who have economies based on production and low debt will be the best off during this depression, which is why we have always believed an economy should be based on labor, production, and low/no debt. The Jews and globalists have tried to destroy independence and nationalism. The U.S. economy is 70% consumer spending and will be the greatest affected. Celente believes anti-immigrant and protectionist views will become more mainstream as a result of the depression.  I contend that the situation will not be helped with the Western-subsidized population boom of the third world. Self sustainability is key. Anti-globalization is becoming more popular. It is a myth that we need a global economy. We can only hope that a massive economic crisis will start to lead us down the right path once again.

    Celente on Coast to Coast:

    Evolution and Health

    The article below touches on something I have believed for a long time; mainly that when modern society removes the pressures of Natural Selection from a population, then the health of that population suffers.  But, as the article ignores, the current interruption in Natural Selection has affected far more than just our disease rates. 

    Genetics and the process of evolution can be beneficially used by humans to create a healthier society, if a nation possesses the will to do so.  But, with the modern practices of Social Communism being forced upon our countries by the media and government, we are actually observing just the opposite.  In fact, these egalitarian policies serve to destroy the most healthy, capable, and intelligent of all citizens, while allowing and subsidizing the degenerates among us to procreate at astronomical levels.

    Read Reference Article Here

    Read “Whatever Happened To Eugenics” by Glayde Whitney Here

    The following is a superb video made to one of Dr. William Pierce’s ADV broadcasts. He begins by talking about the modern concept of “democracy” and how it has been corrupted to work against our people’s best interests.

    He further goes on to describe an old text by the name “The Protocols of the Learned Elders of Zion.” Many people attest that this text is completely fraudulent. And, I myself could never authenticate it’s originality. However, as Pierce mentions, almost everything mentioned in the text has become true. Whether this text is an actual plan by world Jewry, or simply a depiction of their tactics, we will never know. But, it is quite perplexing how these texts have, for the most part, come true. Could it have been the actual minutes of meetings held by world Jewish leaders, or is it just a prediction of some scholar observant to the work of the Jews? We will never know.

    However, as Pierce depicts in his presentation, this text can hardly be overlooked. Pierce does a fantastic job describing the inherent ills of mass democracy, and relates the current situation of Western Culture to the influence of the Jews. Any thinking man cannot discredit Pierce’s accusations of the Jews, especially after the careful study of their involvement in radical 20th century political movements.  Read the full text of The Protocols of The Learned Elders of Zion here.

    Freedom From International Debt

    Hitler’s Freedom From International Debt Slavery 

    Article Author Unknown - Source

    History is written by the victors” – W. Churchill

    An interesting perspective on World War II, and the players involved.

    Many people take joy in saying Wall Street and Jewish bankers “financed Hitler.” There is plenty of documented evidence that Wall Street and Jewish bankers did indeed help finance Hitler at first, partly because it allowed the bankers to get rich (as I will describe below) and partly in order to control Stalin. However, when Germany broke free from the bankers, the bankers declared a world war against Germany.

    When we look at all the facts, the charge that “Jews financed Hitler” becomes irrelevant. Los Angeles Attorney Ellen Brown discusses this topic in her book Web of Debt…

    When Hitler came to power, Germany was hopelessly broke. The Treaty of Versailles had imposed crushing reparations on the German people, demanding that Germans repay every nation’s costs of the war. These costs totaled three times the value of all the property in Germany. Private currency speculators caused the German mark to plummet, precipitating one of the worst runaway inflations in modern times. A wheelbarrow full of 100 billion-mark banknotes could not buy a loaf of bread. The national treasury was empty. Countless homes and farms were lost to speculators and to private banks. Germans lived in hovels. They were starving.

    Nothing like this had ever happened before – the total destruction of the national currency, plus the wiping out of people’s savings and businesses. On top of this came a global depression. Germany had no choice but to succumb to debt slavery under international bankers until 1933, when the National Socialists came to power.

    At that point the German government thwarted the international banking cartels by issuing its own money. World Jewry responded by declaring a global boycott against Germany. Hitler began a national credit program by devising a plan of public works that included flood control, repair of public buildings and private residences, and construction of new roads, bridges, canals, and port facilities. All these were paid for with money that no longer came from the private international bankers.

    The projected cost of these various programs was fixed at one billion units of the national currency. To pay for this, the German government (not the international bankers) issued bills of exchange, called Labor Treasury Certificates. In this way the National Socialists put millions of people to work, and paid them with Treasury Certificates. Under the National Socialists, Germany’s money wasn’t backed by gold (which was owned by the international bankers). It was essentially a receipt for labor and materials delivered to the government. Hitler said, “For every mark issued, we required the equivalent of a mark’s worth of work done, or goods produced.” The government paid workers in Certificates. Workers spent those Certificates on other goods and services, thus creating more jobs for more people. In this way the German people climbed out of the crushing debt imposed on them by the international bankers.

    Within two years, the unemployment problem had been solved, and Germany was back on its feet. It had a solid, stable currency, with no debt, and no inflation, at a time when millions of people in the United States and other Western countries (controlled by international bankers) were still out of work. Within five years, Germany went from the poorest nation in Europe to the richest. Germany even managed to restore foreign trade, despite the international bankers’ denial of foreign credit to Germany, and despite the global boycott by Jewish-owned industries. Germany succeeded in this by exchanging equipment and commodities directly with other countries, using a barter system that cut the bankers out of the picture. Germany flourished, since barter eliminates national debt and trade deficits. (Venezuela does the same thing today when it trades oil for commodities, plus medical help, and so on. Hence the bankers are trying to squeeze Venezuela.)

    Germany’s economic freedom was short-lived; but it left several monuments, including the famous Autobahn, the world’s first extensive superhighway. Hjalmar Schacht, a Rothschild agent who was temporarily head of the German central bank, summed it up thus… An American banker had commented, “Dr. Schacht, you should come to America. We’ve lots of money and that’s real banking.” Schacht replied, “You should come to Berlin. We don’t have money. That’s real banking.” (Schacht, the Rothschild agent, actually supported the private international bankers against Germany, and was rewarded by having all charges against him dropped at the Nuremberg trials.)

    This economic freedom made Hitler extremely popular with the German people. Germany was rescued from English economic theory, which says that all currency must be borrowed against the gold owned by a private and secretive banking cartel — such as the Federal Reserve, or the Central Bank of Europe — rather than issued by the government for the benefit of the people. Canadian researcher Dr. Henry Makow (who is Jewish himself) says the main reason why the bankers arranged for a world war against Germany was that Hitler sidestepped the bankers by creating his own money, thereby freeing the German people. Worse, this freedom and prosperity threatened to spread to other nations. Hitler had to be stopped!

    Makow quotes from the 1938 interrogation of C. G. Rakovsky, one of the founders of Soviet Bolshevism and a Trotsky intimate. Rakovsky was tried in show trials in the USSR under Stalin. According to Rakovsky, Hitler was at first funded by the international bankers, through the bankers’ agent Hjalmar Schacht. The bankers financed Hitler in order to control Stalin, who had usurped power from their agent Trotsky. Then Hitler became an even bigger threat than Stalin when Hitler started printing his own money. (Stalin came to power in 1922, which was eleven years before Hitler came to power.)

    Rakovsky said:

    “Hitler took over the privilege of manufacturing money, and not only physical moneys, but also financial ones. He took over the machinery of falsification and put it to work for the benefit of the people. Can you possibly imagine what would have come if this had infected a number of other states?” (Henry Makow, “Hitler Did Not Want War,” March 21, 2004).

    Economist Henry C K Liu writes of Germany’s remarkable transformation:

    The Nazis came to power in 1933 when the German economy was in total collapse, with ruinous war-reparation obligations and zero prospects for foreign investment or credit. Through an independent monetary policy of sovereign credit and a full-employment public-works program, the Third Reich was able to turn a bankrupt Germany, stripped of overseas colonies, into the strongest economy in Europe within four years, even before armament spending began.” (Henry C. K. Liu, “Nazism and the German Economic Miracle,” Asia Times (May 24, 2005).

    In Billions for the Bankers, Debts for the People (1984), Sheldon Emry commented:

    Germany issued debt-free and interest-free money from 1935 on, which accounts for Germany’s startling rise from the depression to a world power in five years. The German government financed its entire operations from 1935 to 1945 without gold, and without debt. It took the entire Capitalist and Communist world to destroy the German revolution, and bring Europe back under the heel of the Bankers.”

    These facts do not appear in any textbooks today. What does appear is the disastrous runaway inflation suffered in 1923 by the Weimar Republic, which governed Germany from 1919 to 1933. Today’s textbooks use this inflation to twist truth into its opposite. They cite the radical devaluation of the German mark as an example of what goes wrong when governments print their own money, rather than borrow it from private cartels.

    In reality, the Weimar financial crisis began with the impossible reparations payments imposed at the Treaty of Versailles. Hjalmar Schacht [who was never a Nazi Party member either and now it appears clear why that was the case] – the Rothschild agent who was currency commissioner for the Republic — opposed letting the German government print its own money…
    “The Treaty of Versailles is a model of ingenious measures for the economic destruction of Germany. Germany could not find any way of holding its head above the water, other than by the inflationary expedient of printing bank notes.”

    Schacht echoes the textbook lie that Weimar inflation was caused when the German government printed its own money. However, in his 1967 book The Magic of Money, Schacht let the cat out of the bag by revealing that it was the PRIVATELY-OWNED Reich bank, not the German government, that was pumping new currency into the economy. Thus, the PRIVATE BANK caused the Weimar hyper-inflation.

    Like the U.S. Federal Reserve, the Reich bank was overseen by appointed government officials, but was operated for private gain. What drove the wartime inflation into hyperinflation was speculation by foreign investors, who sold the mark short, betting on its decreasing value. In the manipulative device known as the short sale, speculators borrow something they don’t own, sell it, and then “cover” by buying it back at the lower price.

    Speculation in the German mark was made possible because the PRIVATELY OWNED Reich bank (not yet under Nazi control) made massive amounts of currency available for borrowing. This currency, like U.S. currency today, was created with accounting entries on the bank’s books. Then the funny-money was lent at compound interest. When the Reich bank could not keep up with the voracious demand for marks, other private banks were allowed to create marks out of nothing, and to lend them at interest. The result was runaway debt and inflation.

    Thus, according to Schacht himself, the German government did not cause the Weimar hyperinflation. On the contrary, the government (under the National Socialists) got hyperinflation under control. The National Socialists put the Reich bank under strict government regulation, and took prompt corrective measures to eliminate foreign speculation. One of those measures was to eliminate easy access to funny-money loans from private banks. Then Hitler got Germany back on its feet by having the public government issue Treasury Certificates.

    Schacht , the Rothschild agent, disapproved of this government fiat money, and wound up getting fired as head of the Reich bank when he refused to issue it. Nonetheless, he acknowledged in his later memoirs that allowing the government to issue the money it needed did not produce the price inflation predicted by classical economic theory, which says that currency must be borrowed from private cartels.

    What causes hyper-inflation is uncontrolled speculation. When speculation is coupled with debt (owed to private banking cartels) the result is disaster. On the other hand, when a government issues currency in carefully measured ways, it causes supply and demand to increase together, leaving prices unaffected. Hence there is no inflation, no debt, no unemployment, and no need for income taxes.

    Naturally this terrifies the bankers, since it eliminates their powers. It also terrifies the internationalists, since their control of banking allows them to buy the media, the government, and everything else.

    The Coming Economic Collapse

    The following video is a segment from the Glenn Beck show on Fox News.  It delves into a topic that has frequently been discussed here - the collapse of the U.S. economy.  Now I must say, Glenn Beck is an ignorant pro-Zionist fool, but he does serve a purpose.  He has the ability to devote a significant amount of resources to researching organizations like ACORN etc.  But, you must understand that the only reason Glenn Beck is allowed on air is because of his support for Israel, and his absolute inability and unwillingness to criticize Jews openly.  In fact, he frequently goes out of his way to compare everything evil in our society to Nazi Germany, and flat out slanders anyone who may question our support of Israel.  These tactics seem to be what gets you ahead in conservative politics.  This boob has even gone so far as to compare the Obama administration to Hitler and the National Socialists.  He actually makes this comparison quite often on his show.  
     
    This illustrates Beck’s incredible ignorance when it comes to the facts about Germany, but this is true of the majority of Americans as well.  Barack Obama is a globalist, communist mulatto who has staffed his cabinet with radical Jews (those which Hitler despised), while Hitler was a racialist, nationalist, and staunchly anti-communist.  To make the comparison between these two figures absolutely boggles my mind, but that is the upside-down world of our mass media.  Sometimes I wonder if Beck is either knowingly complacent with radical Jewish activity, or just too stupid to put all the facts together.  It is quite comical that a large percentage of the individuals he criticizes on a daily basis are actually Jews, yet he still goes out of his way to disband any Jewish criticism in our society.   
     
    A few of the influential Jews I have specifically heard him criticize recently are Rahm Emanual, David Axelrod, Ben Bernanke, Timothy Geithner, Andy Stern, Ron Bloom, Diane Feinstein, Barney Frank, George Soros, Arlen Specter, Cass Sunstein, Peter Singer, Barbara Boxer, Russ Feingold, Michael Bloomberg, Ezekiel Emanuel, Henry Waxman, Chuck Schumer, Bernard Madoff, Jerry Nadler, Frances Fox Piven, Lawrence Summers, Paul Volcker, Alan Greenspan, Saul Alinsky, Alan Grayson, Peter Orszag, Al Franken etc., and the list goes on and on.  He even points out Bloom, Volcker, and Piven in the video below.  I’m sure I am leaving many out but those are some I could think of off the top of my head.  Of course, he criticizes many liberal Gentiles too, but you must realize that Jews comprise only 2% of the U.S. population.  The astonishing overrepresentation of Jews in these agitating positions couldn’t possibly be the result of a coincidence; it is a statistical impossibility.  Also, most of Obama’s economic team is Jewish.  So how exactly can Glenn Beck claim that Obama’s policies are similar to Hitler’s, when Obama’s policies are backed by Jews?  Of course in reality Obama’s policies are absolutely nothing like Hitler’s, but it seems to be quite popular to call anyone and everyone a Nazi these days.  This mindset that Beck portrays is a result of having absolutely no understanding of the enormous differences between communism and national socialism.  In fact they are polar opposites. 
     
    The real reason why I am posting this video is because Beck does a good job of explaining the current crisis looming within our monetary system.  He is the only mainstream commentator to lay out the fundamentals behind our country’s future currency problems.  By no surprise, Beck acts as if he is a revolutionary who just discovered these facts even though many of us have been spreading this news for years.  Well, maybe someone will at least listen now that it is being shown on TV.  The one thing I keep asking myself is: If Glenn Beck is so concerned with our monetary problems, then why did he do everything in his power to discredit Ron Paul in the 2008 Republican primaries?  He could have easily thrown his support behind Paul and gotten him an unbelievable amount of attention.  But no, instead Beck slandered Paul, calling him crazy and equating him with one of his violent disgruntled supporters.  Then a short time after supporting John McCain in the election, Beck started disseminating many of the same ideas that Paul espoused, and claimed that we need a third party or someone more “libertarian.”  These are the kind of actions that truly make me wonder if Beck is in bed with the system, or just truly a pathetic moron.  There is no doubt that Ron Paul’s criticism of Israel also made him “off limits.”  
     
    However, I invite you to watch this video closely because it does a good job of explaining why the collapse of the U.S. economic system is virtually inevitable.  It’s a good video up until the end when he starts going off on a tangent about Nazi Germany backing their currency with land.  As far as I know, this explanation by Beck is far over-simplified.  As we have explained on this site before, for any new currency to be circulated the National Socialists required an equal value of goods or services to be produced.  Furthermore, in the video Beck describes a possible future American land grab that is overseen by China in order to secure debts.  He claims the Nazis had a similar process.  This is also ridiculous.  Why would a Nationalist Germany back it’s currency with land in such a way to possibly risk losing parts of the German state if any debts were un-payable?  Considering the German homeland was paramount for Hitler, this is absurd, but that is Glenn Beck for you.  He probably realizes that the more he criticizes Nazi Germany, the longer the Jews will be able to tolerate him on the air.  Anyway like I said, despite all of his shortcomings he does serve a purpose.  So, please watch the video and take the necessary steps to protect your family for the future.  
     

    Nationalist Economics Part 2

    This essay is Copyright of Midwestfreepress.com 2009.  All intellectual property rights are under the sole ownership of this website and it’s authors.  Unlawful reproduction of this material without permission is prohibited by law.  If you choose to copy this material to your website, please provide your readers with a citation.

    Nationalist Economics in Action

    This article is a continuation of Nationalist Economics Part 1.  It is highly recommended that you read Part 1 for a greater understanding of the points covered here.

    A Gold Standard Should Be Discouraged

    Many Americans, including Libertarians and some paleoconservatives, advocate that we return to a gold-backed currency in order to solve our inflation problems.  I agree that this would definitely be preferable to the system we currently have in place, but it is not the best approach.  There are many disadvantages of a gold standard.  The most obvious of these is the mere fact that the country must possess gold, or whatever commodity you are advocating.  This commodity must at least have the properties of gold, such as inherent rareness.  A currency could obviously not be backed by a commodity that was easily producible.  However, this is one problem that we run into with gold.  If gold is the backer of our currency, then any new gold found will be just as good as existing money. 

    We witnessed the phenomena of the various Gold Rushes during the settling of America.  In these cases, a portion of our population dedicated their lives to discovering new sources of gold.  This not only increased our money supply, therefore creating some (although minor) inflation, but it also diverted them from other productive trades.  During this period, America lost part of its labor force to the quest for instant wealth.  At that point, gold did not have widespread use in various industries like it does today.  No, these men sought only to get rich by producing more money.  Fundamentally, this act is not all that different from other damaging speculative practices in our current economy.  These prospectors did not produce any valuable good or service, nor was their labor incredibly useful.  Instead, their goal was just to produce new money.  No value was added to our culture or society.  Instead, new influxes of gold sometimes actually served to hurt other citizens.  As large sources of new gold were discovered the available supply increased, therefore stealing the value from the existing gold in the marketplace. 

    Surely our people would serve our nation better if they did not dedicate all of their time to searching for a metal that will end up sitting in a bank vault.  Basically, a gold standard is just not needed if one of the main purposes of the government is to ensure a stable monetary supply.  The only time I would advocate a gold standard is during a transition period in a country like the current USA, where we are dominated by a banking elite and we need to take the power to spend away from our corrupt Congress.  This would shift more control of the nation’s money to the people, and hopefully help us break our current descent in to communism.  However, it still would not be the ideal system when founding a new Nationalist economy. 

    The gold supply can be manipulated or hoarded, both of which have happened in the past.  A gold-backed monetary system also does not eliminate the need for private banks, and therefore does not eliminate the charging of interest.  As I stated in Part 1, interest should have no place in a Nationalist economy, and therefore there is no need for private banks to exist.  Furthermore, probably the most ridiculous reason to base a monetary system on gold is that it assumes a metal can represent a person’s labor.  If gold was used in international trade transactions, or as a backing for a debt, then a country’s wealth could possibly be squandered when the population is still willing and able to work.  No, a currency must not be backed by a commodity, but instead by the productive capacity of the nation.  Take into account the following quotes taken from Ellen Brown’s Website, Web of Debt, describing the resurrection of Germany’s economy before WWII:

    “We were not foolish enough to try to make a currency [backed by] gold of which we had none, but for every mark that was issued we required the equivalent of a mark’s worth of work done or goods produced. . . .we laugh at the time our national financiers held the view that the value of a currency is regulated by the gold and securities lying in the vaults of a state bank.”

    - Adolf Hitler, quoted in “Hitler’s Monetary System,” www.rense.com, citing C. C. Veith, Citadels of Chaos (Meador, 1949)

    Economist Henry C K Liu writes of Germany’s remarkable transformation:

    The Nazis came to power in Germany in 1933, at a time when its economy was in total collapse, with ruinous war-reparation obligations and zero prospects for foreign investment or credit. Yet through an independent monetary policy of sovereign credit and a full-employment public-works program, the Third Reich was able to turn a bankrupt Germany, stripped of overseas colonies it could exploit, into the strongest economy in Europe within four years, even before armament spending began.

    In Billions for the Bankers, Debts for the People (1984), Sheldon Emry commented:

    Germany issued debt-free and interest-free money from 1935 and on, accounting for its startling rise from the depression to a world power in 5 years. Germany financed its entire government and war operation from 1935 to 1945 without gold and without debt, and it took the whole Capitalist and Communist world to destroy the German power over Europe and bring Europe back under the heel of the Bankers. Such history of money does not even appear in the textbooks of public (government) schools today.

    A Stable Debt-Free Monetary Policy

    A stable, debt-free, interest-free monetary system is the best way for a nation to achieve economic freedom, and therefore overall societal freedom.  You may ask, “why is this discussion about economics so important?”  It is important because it literally provides the boundaries for how far our culture can progress, and can also dictate it’s decline.  Our current debt-based fractional reserve monetary system, as described in Part 1, has added greatly to our current state of affairs.  Traditional White families are now almost non-existent, because both spouses must work full-time in order to overcome the effect that inflation has had on our standard of living.  Because of this, along with other reasons, the White birth rate has dropped substantially. 

    As a whole, we must continually go into perpetual debt in order for our current economy to survive.  This not only affects the psychological well-being of the family, but also works to steal the value of labor through the charging of interest.  In our current economy we become slaves of money; it dictates everything that is done.  Our citizens willingly destroy their own culture in the name of economic gain.  Much of this gain is stolen through the various processes of wealth-transfer seen in our economy.  We now fall into the inflationary trap, only to have more of our money siphoned away through other nefarious means such as the stock market.  But even worse, we as a people base all of our future decisions not on what is best for our genetic and cultural progress, but instead on what is the best way to improve our materialistic wealth. Under the heal of our current economic scheme our people will never be able to lead a healthy existence, as we witness further consolidation of power into the hands of small group of men.  Yes, economic freedom is an instrumental factor in achieving true meaningful advancement.

    Therefore it should be the duty of any Nationalist government to provide it’s citizens with two basic economic fundamentals: Money free of debt and inflation, and full employment.  Now, many reading this will be quite appalled that I am suggesting the government ensure full employment, but actually this is not detrimental in an inflation-free monetary system.  We are told in our current capitalist system that a certain amount of unemployment (around 5%) is necessary for our economy to work properly.  This concept is damaging in a couple of aspects.  First, if a generally accepted amount of unemployment is tolerated, then there is a certain portion of the population that is unproductive at any given time.  Second, these unproductive citizens then either starve or they petition the government for free handouts. 

    A non-inflationary monetary system can be enacted to achieve full employment, and here’s how: Think of the total money supply of the country as a revolving door; what is put in is later taken out.  If the government injects new public-works spending into the economy amounting to a hypothetical 7% of the current money supply, then it takes this equivalent amount of money out of the economy through taxes, thereby keeping the total amount of money in the economy stable.  The only time the money supply would be allowed to grow would be in times where it would not result in the increase of prices, such as when full employment is in the process of being reached or to account for an increase in the population.  These public works projects would not contract with private firms, assuring that no company was profiting off of this government spending.  These projects would serve a couple of purposes.  First, they would put unemployed and unproductive people to work, making them actually provide some benefit to society.  Second, it would eliminate the need for government welfare as is seen today in America.  In a Nationalist economy, an able-bodied individual would not be allowed to sit at home and collect unemployment or welfare.  Instead they would be put to work, many times doing physical labor for a low wage.  This type of work would encourage people to avoid dependence on the government, and also help to maintain the country’s infrastructure via these projects - not to mention beautify the country as well.

    Since this spending is not borrowed from a private bank at interest, tax rates would be much lower than what they currently are in America.  A flat tax rate, instead of a regressive one, could also be implemented.  The tax money collected would not have to be used to pay any national debt, since all new money would be created debt-free by the government.  Instead, the tax money collected is permanently taken out of circulation.  This completes the money-in = money-out cycle.  Like I mentioned before, the money supply may sometimes be gradually increased over time without causing much rise in prices, if this new money is to account for new population or an increase in productivity.  One of the fundamental jobs of the government would be to ensure that prices remain stable over time.  This very monetary system was achieved with success by Germany before and during World War II.  Prices of goods remained constant in Germany between 1935 and 1945, despite massive war spending.             

    International Trade

    Since a Nationalist country would not expose it’s currency to international speculation, as discussed in Part 1, international trade would become more stable as well.  Currently, the relative strength of our dollar against other currencies changes all the time.  This international market value is dependent, in large part, on how we are currently handling our currency.  Today the value of the dollar has been steadily declining over the past 7 years due to our rising spending, trade deficits, budget deficits, and national debt.   American imports and exports are then likewise affected.  When the dollar is strong, imports are cheaper but our exporters suffer.  When the dollar is weak, imports are more expensive but our exporters have an easier time selling their goods overseas.  Unfortunately, our percentage of exports relative to imports keeps dwindling, and American consumers are constantly punished by a weak dollar.  Part 1 also describes the negative impact of currency speculation on the offshoring of manufacturing. 

    A Nationalist economy would largely focus on making the country self-sufficient, but the importance of international trade would still be present.  There is a strong possibility that the world banking system would react negatively towards a Nationalist monetary policy, and therefore much trade may have to take place via barter system.  Again, this approach was utilized by Germany before WWII when they sought to circumvent the international bankers.  In this case the value of goods and labor would at least be maintained, as the fluctuation in currencies would be taken out of the equation.  There would also be no reason, nor would it be allowed, to shift labor overseas.  Today American manufacturers take advantage of currency markets by placing their factories in countries with a cheap currency.  This policy destroys the American working class and poses as a national security threat when our manufacturing facilities decline. 

    In a Nationalist economy there would be no trade deficits.  Currently America is able to purchase much more than we produce because of the fact that we allow our currency to be traded and held as a commodity.  When other nations are willing to buy our debt, we are allowed to continue this process.  Since a Nationalist economy would not treat it’s currency as a commodity, and therefore not expose it to international speculation, then the ability to run trade deficits becomes non-existent.  This policy serves to maintain the working class, the country’s manufacturing base, and the integrity of the nation’s currency.

    The Role of Government in Society

    The main role of the government, besides maintaining a stable monetary system, is to ensure the physical, cultural, economic, and genetic protection of it’s people.  Unlike the current USA, the role of government would not be to subsidize and empower the weakest of all citizens, but instead to enable the strongest to thrive.  It would serve to protect the natural order of man, and encourage the division of talents instead of herding the entire White population through unnecessary and expensive college curriculum.  The integrity of our educational system has been destroyed in the United States due to this phenomenon.  It’s a simple concept really, that if your society requires everyone to go to college in order to get a job, then the quality of that college education suffers.  The country also loses it’s working class, and must be forced to either offshore it’s labor or to import foreign labor. 

    As it used to be practiced in all White nations, the most intelligent and school-oriented people would find themselves in an institute of higher learning that was able to provide a much higher quality of education.  Also, the industriousness of White people would be allowed to flourish once again as it has in the past.  A working White man would be allowed to be just that, a working man.  Due to the maintenance of a non-inflationary monetary system, he would be able to maintain a good standard of living this way, and his productiveness would drive his quality of life rather than the decisions of international currency traders.  The maintenance of a White working class is just as essential to a nation as is the maintenance of the intellectual and academic classes.  This must be common sense to everyone, as not every man and woman are cut out for college studies, yet that’s where we send all of our children today, thus destroying both the integrity of our academic institutions and the sovereignty of our workforce at the same time.  Therefore, it is imperative that our government ensure the maintenance of a complete and diverse workforce, unlike the American “service economy” of today which only serves to make us dependent upon foreign nations. 

    In order to achieve the economic, cultural, and genetic progress of it’s people the government must be given the authority to make swift, authoritative, and unilateral decisions.  It must have the necessary degree of autonomy to ensure that damaging or exploitative economic practices never take precedence over the interests of the people.  This notion of government may be at odds with many Americans, but it is absolutely essential that a Nationalist government have the power to make sweeping decisions to protect it’s sovereignty.  If there is an illegal immigration problem the government must have the power to immediately end it, instead of going through the foolish parliamentary bickering process in which no substantial degree of progress is ever made.  If the government observes economic practices that are damaging to society they must have the authority to end them in their tracks. 

    This inevitably means the end of our liberal democratic system, which again is absolutely necessary.  The decline of Western cultural dominance can be tied directly to the widespread adoption of liberal democracy.  This is because the weak will always outnumber the strong, and therefore the decisions of the weak will ultimately triumph.  Americans have voted themselves into their current mess.  They have let Jewish media influence dictate our culture and political discourse for decades, and there is absolutely no legal way of stopping it.  By following our current political system, our only chance is to hope that the masses will disregard their immediate individual interests and vote for what is right for our people.  Unfortunately this hope is unrealistic to say the least, especially considering that most ordinary people are incapable of making such decisions at this point.  Furthermore, without the proper safeguards in place there is no stopping the re-infiltration of Jewish and liberal influence into our society if we play by the rules of America’s “democracy” and “free markets.” It is this “freedom” which has allowed our culture to be stolen from us.  The concept of American “freedom” is a farce.  Americans are only free to participate in matters of self-indulgence.  We are not free, however, to pursue what is truly meaningful in life - the quality and future of our people and culture.

    Click Here to Read Part 1

    Sholom Rubashkin, the Jewish owner of a kosher meatpacking plant in Iowa will begin his trial this week in South Dakota.  The other top executives of the company, all Jews of course, are being indicted as well.  Two of these men have not been apprehended, and it would come as no surprise if they were found to be in Israel.  Not only is Rubashkin being tried for bank fraud, but also for a massive illegal immigration scandal as well.  A raid conducted last year on Rubashkin’s facilities netted the most illegal alien workers ever arrested in an ICE workplace operation.  It is claimed by prosecutors that Rubashkin’s company had actually helped workers fabricate false documents in order to employ them.  This way Rubashkin could reap the profits of bypassing American labor.  There has also been over 9000 cited cases of child labor violations.  This is yet another example of Jews foregoing the interests of Americans for their own profit and advancement.  By bringing this plant and these immigrants to Postville, Iowa they have literally destroyed the small formerly all-white town.

    Furthermore, if this had been a White person responsible for these crimes the White community would be the first to want him thrown in jail for the rest of his life.  But, on the contrary, the Jewish community is rallying behind Rubashkin.  They have launched public advertising campaigns with TV commercials targeted on persuading the public.  There has been widespread talk amongst the Jewish community on how this will effect their image.  A court motion for dismissal was even filed, claiming that “antisemitism” was to blame for Rubashkin’s arrest, instead of his actions of course.  This is one thing White people will never figure out; every other race looks out for their own except us.

    I invite you to visit the following link and scroll through the four pages of stories on Rubashkin.  You will begin to notice the pattern: http://iowaindependent.com/?s=Rubashkin

    Sioux Falls set for trial of kosher meatpacker

    Fraud case highlights immigration, Iowa Jewish community

    Article Source: Argus Leader

    The ousted manager of an Iowa kosher meat empire heads to trial this week in Sioux Falls to face allegations that he cheated a bank, laundered more than $1 million, concealed months of fraud and failed to pay livestock providers on time.

    Sholom Rubashkin will be confronted with 91 fraud-related charges Tuesday in a trial that could effectively send him to prison for life.

    The former executive at Agriprocessors will step into the federal courthouse on Phillips Avenue with his wife, Leah, and their children, and sit through a courtroom struggle that could last four to six weeks.

    It marks the latest turn in a case that devastated the northeast Iowa town of Postville and stoked the nation’s debate over immigration.

    The trial was supposed to take place in Cedar Rapids. But U.S. District Judge Linda Reade moved the trial to Sioux Falls because of pretrial publicity that she said could influence potential jurors.

    The outcome “will affect our community, especially the Jewish community, quite a lot,” said the Rev. Paul Ouderkirk, pastor at St. Bridget’s Catholic Church in Postville. “How much of an impact we feel, we don’t yet know.”

    Prosecutors also have charged Rubashkin with 72 immigration-related charges for his alleged role in a scheme to hire illegal workers.

    The immigration trial begins one week after the bank fraud trial concludes.

    Rubashkin, 49, has pleaded not guilty but faces a maximum 1,995-year prison sentence if convicted of all 163 charges. Three lower-level managers - Brent Beebe, Hosam Amara and Zeev Levi - also are named in the indictment with the plant itself. Amara and Levi have not been apprehended; Beebe remains in Postville.

    389 arrests in 2008 immigration raid

    The trial comes more than a year after federal agents raided Agriprocessors and arrested 389 illegal immigrants, in what then was the largest single-site immigration raid in United States history.

    The May 2008 raid devastated Agriprocessors, which under the Rubashkins had grown into the nation’s largest kosher meat supplier. The 22-year-old plant attracted an unusual blend of New York rabbis, immigrant workers and longtime Iowans who produced glatt kosher meats under the “Aaron’s Best” product line.

    The plant filed for Chapter 11 bankruptcy protection and now operates under ownership of SHF, an Iowa company formed in May and headed by Montreal businessman Hershey Friedman…

    Fake invoices alleged to defraud bank

    Prosecutors will present evidence that Rubashkin ordered employees to create fake invoices so he could obtain advances on a revolving bank loan, Assistant U.S. Attorney Peter Deegan Jr. wrote in court papers.

    Rubashkin was supposed to repay the bank with money from an “accounts receivable” fund, but allegedly diverted the payments to keep the money.

    “By diverting the payments, the defendant was, in effect, stealing the bank’s collateral and then lying to the bank about it,” Deegan wrote…

    The first trial will involve the “bank fraud counts,” which relate to alleged lies and false papers he sent to a St. Louis bank, overstating the value of the plant’s collateral, so he could obtain cash advances on a $35 million loan.

    The second trial will pit Rubashkin against allegations that he harbored illegal immigrants at the plant for profit. Read the rest of this entry

    Blacks Stampede For Welfare In Detroit

    I should really stop being surprised at this type of behavior, but they literally get me every time.  Thousands of blacks congregating and fighting for handouts from Barack.  Absolutely pathetic.  How long will productive white citizens continue to support these people?  Yet again, everywhere blacks inhabit in large numbers they destroy.

    The False American Economy

    The Economy Is A Lie, Too

    By Paul Craig Roberts 

    Americans cannot get any truth out of their government about anything, the economy included. Americans are being driven into the ground economically, with one million school children now homeless, while Federal Reserve chairman Ben Bernanke announces that the recession is over.

    The spin that masquerades as news is becoming more delusional. Consumer spending is 70% of the US economy. It is the driving force, and it has been shut down. Except for the super rich, there has been no growth in consumer incomes in the 21st century. Statistician John Williams of shadowstats.com reports that real household income has never recovered its pre-2001 peak.

    The US economy has been kept going by substituting growth in consumer debt for growth in consumer income. Federal Reserve chairman Alan Greenspan encouraged consumer debt with low interest rates. The low interest rates pushed up home prices, enabling Americans to refinance their homes and spend the equity. Credit cards were maxed out in expectations of rising real estate and equity values to pay the accumulated debt. The binge was halted when the real estate and equity bubbles burst.

    As consumers no longer can expand their indebtedness and their incomes are not rising, there is no basis for a growing consumer economy. Indeed, statistics indicate that consumers are paying down debt in their efforts to survive financially. In an economy in which the consumer is the driving force, that is bad news.

    The banks, now investment banks thanks to greed-driven deregulation that repealed the learned lessons of the past, were even more reckless than consumers and took speculative leverage to new heights. At the urging of Larry Summers and Goldman Sachs’ CEO Henry Paulson, the Securities and Exchange Commission and the Bush administration went along with removing restrictions on debt leverage.

    When the bubble burst, the extraordinary leverage threatened the financial system with collapse. The US Treasury and the Federal Reserve stepped forward with no one knows how many trillions of dollars to “save the financial system,” which, of course, meant to save the greed-driven financial institutions that had caused the economic crisis that dispossessed ordinary Americans of half of their life savings.

    The consumer has been chastened, but not the banks. Refreshed with the TARP $700 billion and the Federal Reserve’s expanded balance sheet, banks are again behaving like hedge funds. Leveraged speculation is producing another bubble with the current stock market rally, which is not a sign of economic recovery but is the final savaging of Americans’ wealth by a few investment banks and their Washington friends. Goldman Sachs, rolling in profits, announced six figure bonuses to employees.

    The rest of America is suffering terribly.

    The unemployment rate, as reported, is a fiction and has been since the Clinton administration. The unemployment rate does not include jobless Americans who have been unemployed for more than a year and have given up on finding work. The reported 10% unemployment rate is understated by the millions of Americans who are suffering long-term unemployment and are no longer counted as unemployed. As each month passes, unemployed Americans drop off the unemployment role due to nothing except the passing of time.

    The inflation rate, especially “core inflation,” is another fiction. “Core inflation” does not include food and energy, two of Americans’ biggest budget items. The Consumer Price Index (CPI) assumes, ever since the Boskin Commission during the Clinton administration, that if prices of items go up consumers substitute cheaper items. This is certainly the case, but this way of measuring inflation means that the CPI is no longer comparable to past years, because the basket of goods in the index is variable.

    The Boskin Commission’s CPI, by lowering the measured rate of inflation, raises the real GDP growth rate. The result of the statistical manipulation is an understated inflation rate, thus eroding the real value of Social Security income, and an overstated growth rate. Statistical manipulation cloaks a declining standard of living.

    In bygone days of American prosperity, American incomes rose with productivity. It was the real growth in American incomes that propelled the US economy.

    In today’s America, the only incomes that rise are in the financial sector that risks the country’s future on excessive leverage and in the corporate world that substitutes foreign for American labor. Under the compensation rules and emphasis on shareholder earnings that hold sway in the US today, corporate executives maximize earnings and their compensation by minimizing the employment of Americans.

    Try to find some acknowledgement of this in the “mainstream media,” or among economists, who suck up to the offshoring corporations for grants.

    The worst part of the decline is yet to come. Bank failures and home foreclosures are yet to peak. The commercial real estate bust is yet to hit. The dollar crisis is building.

    When it hits, interest rates will rise dramatically as the US struggles to finance its massive budget and trade deficits while the rest of the world tries to escape a depreciating dollar.

    Since the spring of this year, the value of the US dollar has collapsed against every currency except those pegged to it. The Swiss franc has risen 14% against the dollar. Every hard currency from the Canadian dollar to the Euro and UK pound has risen at least 13 % against the US dollar since April 2009. The Japanese yen is not far behind, and the Brazilian real has risen 25% against the almighty US dollar. Even the Russian ruble has risen 13% against the US dollar.

    What sort of recovery is it when the safest investment is to bet against the US dollar?

    The American household of my day, in which the husband worked and the wife provided household services and raised the children, scarcely exists today. Most, if not all, members of a household have to work in order to pay the bills. However, the jobs are disappearing, even the part-time ones.

    If measured according to the methodology used when I was Assistant Secretary of the Treasury, the unemployment rate today in the US is above 20%. Moreover, there is no obvious way of reducing it. There are no factories, with work forces temporarily laid off by high interest rates, waiting for a lower interest rate policy to call their workforces back into production.

    The work has been moved abroad. In the bygone days of American prosperity, CEOs were inculcated with the view that they had equal responsibilities to customers, employees, and shareholders. This view has been exterminated. Pushed by Wall Street and the threat of takeovers promising “enhanced shareholder value,” and incentivized by “performance pay,” CEOs use every means to substitute cheaper foreign employees for Americans.

    Despite 20% unemployment and cum laude engineering graduates who cannot find jobs or even job interviews, Congress continues to support 65,000 annual H-1B work visas for foreigners.

    In the midst of the highest unemployment since the Great Depression what kind of a fool do you need to be to think that there is a shortage of qualified US workers?

    Article Source

    James Traficant Speaks on Israeli Influence

    Here are some videos featuring former congressman Jim Traficant.  He is the media’s favorite new whipping boy when it comes to those who criticize Israel.  Since he is fairly unorthodox, and speaks his mind quite readily, many people in the media feel he is a perfect target.  The point being that if you can make those who criticize Israel appear eccentric or crazy, then it further serves as propaganda for the Zionist Neocons.  

    Traficant claims he was railroaded into prison by the Justice Department and was targeted by AIPAC for his unwillingness to bow to Jewish lobbying influence.  By any account, it sure is fun watching him get airtime on Fox to expose our Israel-dominated foreign policy.

    Below is the video of Hannity’s interview with Traficant.  By watching it closely you can tell it is obviously edited.  It touches on much less than their previous radio interview did.  In the radio interview, Traficant shared figures on American aid to Israel and also told Hannity that he wouldn’t have a show if he actively criticized Israel:

    Hannity ferociously claims that Traficant’s assertions about AIPAC political power have no basis in reality.  There are hundreds of resources out on the web proving AIPAC’s tactics, but the following video sums up a lot: