Posted by The Monitor on Sat, 20 Sep 2008 04:12 | #

However, while the Great Depression spawned a variety of alternatives, including Fascism, Corporatism from Portugal and Austria to Brazil, Social Credit and Distributism; and other mass movements often inspired by Catholic social doctrine, such as Father Coughlin’s Social Justice;

Each has its own problems. Fascism is basically left-wing statism minus equality, although nobody agrees what it was about. Corporatism mutated into the sort of social democracy we see in the Euro area, absorbing Spain and Portugual. Things like social credit and distributism were attempts to bring back a premodern society that few would find happy. That leaves the Larouche ideal where Western nations are supposed to declare bankruptcy and rebuild on a corporatist model.

At this rate, there aren’t many examples of successful economic nationalism that adapted to modern technology. I think we have to look at Asian countries that were planned, yet not socialist: Japan, South Korea,  or even multicultural Singapore. I have no idea how Anglo-Saxon societies could adopt that model.

Posted by Jim on Sat, 20 Sep 2008 21:13 | #

Social Credit is not an attempt to bring back a premodern economy.  What Social Credit works have you read?

Social Credit was the result of the ideas of a Scottish engineer named Clifford Hugh Douglas.  His ideas are based upon the fact that in a modern economy capital is replacing labour in the productive process as machines increase the productivity of labour.  To compensate for this fact, Douglas stated that a national dividend should supplement the wage as a form of income.  He also noted that a price rebate should be paid to consumers upon purchase of a good or service in the ratio of consumption/production, and this was based upon the fact that the real cost of production is consumption over an equivalent period of time.  In a modern economy production, or at least potential production, is always greater than consumption.

Social Credit is not an attempt to bring back a premodern economy, but is an attempt to move forward into a modern economy without the boom and busts that are necessitated in a modern economy due to a debt based monetary system.

Posted by Othelma_Jr on Sun, 21 Sep 2008 11:45 | #

A good alternative that has not been mentioned yet is National Socialism.  NS is very different from Italian Fascism (NS is where the State exists to serve the needs of the Volk, whereas Fascism is about the people serving The State.  Some Fascists even went so far as to say The State creates The People!  )

Also never ignore the possibility of Reactionary Traditionalism, something along the lines of what Baron Julius Evola described in Men Amongst the Ruins.  The Modern World (which offered endless economic growth until ‘The End of History’) has failed and the time for a True Renaissance maybe near at hand…

Posted by Guessedworker on Sun, 21 Sep 2008 11:47 | #

And then there’s this.

Posted by Othelma_Jr on Sun, 21 Sep 2008 12:20 | #

Yes!  The Aryans of The East!

There are alternatives! 

Heck what about National Bolshevism (just throwing out ideas)

Posted by Othelma_Jr on Sun, 21 Sep 2008 12:25 | #

At this rate, there aren’t many examples of successful economic nationalism that adapted to modern technology.

Hmmm I would look at contemporary Russia (wisely utilizing Natural Resources instead of jewi$h economic models as they rise to power…)  Also what is so bad about Pinochets Chile????  I often hear Far-Right people complaining about him, but he did do some good economically and more importantly ‘disappeared’ alot of undesirables (commies/libs).  We could use an ‘American Pinochet’ right now.

Heck what about Norway (I am biased as I am half-Norwegian).  Norway used to be back-water, found some oil (natural resources again!) and has become a pretty good place to live.  Mass immigration is only a VERY RECENT thing there so lets take a look at Norway too.

Posted by Fred Scrooby on Sun, 21 Sep 2008 13:20 | #

“Also what is so bad about Pinochets Chile????  I often hear Far-Right people complaining about him”  (—Othelma Jr.)

Goes to show how unsatisfactory and ultimately meaningless is the designation “far right.”  It means nothing.

“Heck what about Norway (I am biased as I am half-Norwegian).  Norway used to be back-water”  (—Othelma Jr.)

No place that’s a hundred percent Euro is a backwater.  Makes no difference what the economics are, if it’s a hundred percent Euro it’s not a backwater.  No place that’s multiculti (Brazil, Manhattan, SoCal, Miami) is anything other than a backwater, makes no diff what its economics are, it’s a backwater.

White = desirable place to live.  Multiculti = backwater.

(Note:  For all Jewish readers, just reverse the above.)

Posted by Central Banks on Mon, 22 Sep 2008 19:14 | #

Goldman Sachs are next. All big investment banks will go bankrupt and than nationalized. I think this is the master plan, if there is any conspiracy theory… The small people are the only ones who will suffer. The big bosses took their bonuses and can retire now. The government and the other banks can by their business now for peanuts.

Posted by Fred Scrooby on Tue, 23 Sep 2008 02:08 | #

A World Net Daily article apportions blame:

[T]he federal government over the last 20 years pushed the mortgage industry so hard to get minority homeownership up, that it undermined the country’s financial foundation to achieve its goal.

“In an attempt to increase homeownership, particularly by minorities and the less affluent, an attack on underwriting standards was undertaken by virtually every branch of the government since the early 1990s,” Liebowitz writes.  “The decline in mortgage underwriting standards was universally praised as ‘innovation’ in mortgage lending by regulators, academic specialists, (government-sponsored enterprises) and housing activists.” [...]

“As homeownership rates increased there was self-congratulation all around,” Liebowitz writes.  “The community of regulators, academic specialists, and housing activists all reveled in the increase in homeownership.”

An article in the Los Angeles Times [see embedded links in the original text] from the late ‘90s praised the sudden surge in homeownership among minorities, calling it “one of the hidden success stories of the Clinton era.”

John Lott, a senior research scientist at the University of Maryland, however, claimed in a Fox News article yesterday that the success came at a great price.

According to Lott, the Federal Reserve Bank of Boston produced a manual in the early ‘90s that warned mortgage lenders to no longer deny urban and lower-income minority applicants on such “outdated” criteria as credit history, down payment or employment income.

Furthermore, claims Lott, Fannie Mae and Freddie Mac encouraged and praised lenders – like Countrywide and Bear Stearns – for adopting the slackened policies toward minority applicants.

“Given these lending practices mandated by the Fed and encouraged by Fannie Mae and Freddie Mac,” writes Lott, “the resulting financial problems for financial institutions such as Countrywide and Bear Stearns are not too surprising.”

Liebowitz’ contention that lenders were under pressure to loosen their standards for racial and political goals was confirmed years ago by the companies at the heart of today’s crisis:  Fannie Mae and Freddie Mac.

A New York Times article from Sept. 1999 states that Fannie Mae had been under increasing pressure from the Clinton administration to expand mortgage loans among low- and moderate-income people and that the corporation loosened its lending requirements to comply.

Posted by Fred Scrooby on Tue, 23 Sep 2008 06:35 | #

So does Takuan Seiyo (the guy who wrote that great log entry which MR.com posted, “Life in the Kwa”).  Believe me whan I say this new piece by Takuan Seiyo is must reading.

Posted by Fred Scrooby on Wed, 24 Sep 2008 05:08 | #

A WorldNetDaily article apportions blame (see my comment above), Takuan Seiyo apportions blame (just above), and now Michelle Malkin apportions blame.  And like the two others, Michelle does a damn good job!  (It’s funny how their fingers are all pointing in basically the same direction.)

Posted by Fred Scrooby on Wed, 24 Sep 2008 05:17 | #

Notice, by the way, how the people who fucked up the whole U.S. economy with their mortgage swindle are the same as the people fucking up the U.S.‘s demographics with their open borders — the exact same people, the exact same pieces of shit.  They didn’t know what in the fuck they were doing with mortgages and they don’t know what in the fuck they’re doing with demographics.  But they don’t care:  they’re going to do it anyway and whoever gets hurt, and whatever gets destroyed, too fucking bad.

These vermin can be stopped.  But not if we others, we decent folk, just stand around and let them get away with it, time after time.  We have to put a stop to it.

Posted by Tired of Bioweapons (aka Fred Scrooby) on Fri, 26 Sep 2008 00:07 | #

From the Apportioning Blame for the Mortgage Meltdown department, also known as the America’s Very Own Version Of The Russian Oligarchs (Right Down To The Ethnicity) department:

We’ve heard from WorldNetDaily.com, Takuan Seiyo, and Michelle Malkin, apportioning blame.  Here’s Ann Coulter (eerily pointing her finger in the same general direction:  I just don’t understand it):

Under Clinton, the entire federal government put massive pressure on banks to grant more mortgages to the poor and minorities.  Clinton’s secretary of Housing and Urban Development, Andrew Cuomo, investigated Fannie Mae for racial discrimination and proposed that 50 percent of Fannie Mae’s and Freddie Mac’s portfolio be made up of loans to low- to moderate-income borrowers by the year 2001.

Instead of looking at “outdated criteria,” such as the mortgage applicant’s credit history and ability to make a down payment, banks were encouraged to consider nontraditional measures of credit-worthiness, such as having a good jump shot or having a missing child named “Caylee.”

Threatening lawsuits, Clinton’s Federal Reserve demanded that banks treat welfare payments and unemployment benefits as valid income sources to qualify for a mortgage. That isn’t a joke — it’s a fact.
When Democrats controlled both the executive and legislative branches, political correctness was given a veto over sound business practices.  In 1999, liberals were bragging about extending affirmative action to the financial sector.  Los Angeles Times reporter Ron Brownstein hailed the Clinton administration’s affirmative action lending policies as one of the “hidden success stories” of the Clinton administration, saying that “black and Latino homeownership has surged to the highest level ever recorded.”

Gee I guess it’s just one of life’s bizarre twists that a guy with the name of “Brownstein” would say that — how else can you explain it?  I mean ... who would’ve expected it?  No one, that’s who.  I just feel so .... so blindsided by that!
______

( http://blog.vdare.com/archives/2008/09/25/anncoulter-on-the-diversity-recession-they-gave-your-mortgage-to-a-less-qualified-minority/ )

Posted by Fred Scrooby on Fri, 26 Sep 2008 01:58 | #

A letter to Vdare.com from a former economics professor and systems engineer, and a reply by Ed Rubenstein:

I must assume that VDARE.COM will dispatch Ed to D.C. for the noble purpose of briefing Ben Bernanke and Henry Paulson on a solution to the mortgage meltdown.

If we use Rubenstein’s $346 billion cost estimate for illegals per annum and multiply by two, we have $692 billion of the “needed” $700 billion.  (Read Rubenstein’s analysis <u>here</u>.)  [Click on links in original text linked below]

Thus, the federal government can issue 2-year notes, deport the aliens and in the meantime we can scrounge around for $8 billion shortfall.

Ed Rubenstein replies:

I’m flattered that our correspondent thinks my analysis can help solve this horrible financial crisis.
It can, of course, but only as part of a much wider bailout plan. As noted, I estimate that immigrants cost the federal government about $346 billion annually.

This is a gross figure, reflecting the spending received by (legal and illegal) immigrants, as well as the revenues lost as natives who compete with low-wage foreign-born see their incomes—and federal tax liabilities—fall.
Immigrants do pay taxes, however. I estimate that as much of half of the gross loss—or about $173 billion—is recouped by their taxes, leaving a like amount as a net drain on Treasury.

Bottom line: instead of 2-year bonds, Mr. Paulson should issue 4-year bonds, financed by the economic gains from instituting sensible immigration policies.

Admittedly, four years is a long time.  But it’s not nearly as long as the dysfunctional policies that have brought us to this point have been in place.

( http://www.vdare.com/letters/tl_092408.htm )

Posted by Fred Scrooby on Fri, 26 Sep 2008 02:28 | #

Seeing this video (below) of the assholes who “are going to end world poverty by 2015” using your money of course (including a guy with the Jewish name Sachs who should know better, but evidently is a crook who’s in it for the high salary and perks:  that has to be it, because he knows god damned well it’s a hundred percent bullshit and no one’s going to “end world poverty by 2015” or “2025” or whatever brazen lie he told there),

http://www.youtube.com/watch?v=pRyMxSS-KI0&feature=bz301

and, through this video, realizing the magnitude of the problem we are up against (there are so many of these creeps, and they’re so well organized, and are of course funded to the gills by the Soroses and Ford Foundations of this world) is a sobering experience.  (These are of course the same people pushing, and helping to push, race-denial and forced race-replacement of whites.) 

It’s like the men of Rorke’s Drift first glimpsing the sheer size of the Zulu force massing for the attack on their little thinly-defended station.

Posted by The Monitor on Fri, 26 Sep 2008 03:27 | #

the assholes who “are going to end world poverty by 2015”

That was just another sort of bailout, forgiving Third World debt.

Posted by Fred Scrooby on Sat, 27 Sep 2008 01:22 | #

File in the Words Just Can’t Express department, the Take A Look At What We’re Up Against department, and the The Jews Did This.  I Don’t Know How.  But They Did.  Gee Thanks, Jews! department:

Here.

These are the people who have all been made multimillionaires with our confiscated tax money.  Every one of them is laughing at us right now.

Posted by Fred Scrooby on Sat, 27 Sep 2008 18:59 | #

Brenda Walker over at the Vdare.com blog discusses matters in a good entry which quotes both Tom Tancredo and Michelle Malkin.

Posted by Fred Scrooby on Thu, 02 Oct 2008 18:16 | #

I trust everyone has seen the following, documenting President Bush’s criminality and insanity:

http://www.vdare.com/sailer/080928_rove.htm

http://blog.vdare.com/archives/2008/09/30/video-burning-down-the-house-rove-bush-style/

Posted by Fred Scrooby on Sun, 05 Oct 2008 18:04 | #

Rep. Keith Ellison, D-Minn., sent a letter on Friday to House Minority Leader John Boehner on behalf of the Congressional Black Caucus asking if the idea that it was “lending to minority communities that caused the current financial crisis (represents) the position of the Republican Caucus.”  [Keith Ellison]

His letter was prompted by a statement by freshman conservative congresswoman Michele Bachmann, R-Minn., about the Community Reinvestment Act, which was passed in 1977 in response to longstanding patterns of racial discrimination by the mortgage industry.  Bachmann at a hearing on September 25 approvingly quoted a column in Investors Business Daily that blamed lending “on the basis of race” for the crash in the mortgage market.  That article said, “The Carter-era Community Reinvestment Act forced banks to lend to uncreditworthy borrowers, mostly in minority areas.  Age-old standards of banking prudence got thrown out the window.  In their place came harsh new regulations requiring banks not only to lend to uncreditworthy borrowers, but to do so on the basis of race.”

(Hat tip)

Notice in that Investors’ Business Daily article linked, it says Fannie Mae and Freddie Mac have spent an estimated $140 million lobbying Washington since 1989.  One sickening outrage all by itself is when quasi-federal-government agencies spend money lobbying the federal government!!! 

A related form of this outrage is the way the vast sums spent by the Jews to lobby Congress to aid Israel and take its side on the international stage come (after going through a few circuitous twists and turns for camouflage) from the billions yearly we give Israel in aid.  Clearly any lobbying from a country we’re showering yearly sums of money on as aid should be forbidden:  the money to lobby effectively for more aid comes out of last year’s aid money:  the whole thing is circular and an outrageous crime.

If you have a vomit bucket ready for some big-time projectile vomiting, read this (but only when the bucket is ready!  Otherwise do NOT try this at home!  Remember:  the people you see doing this on TV are trained, toughened professionals.):

Fannie Mae and Freddie Mac grew to become monsters, accounting for nearly half of all U.S. mortgage loans. At the time of their bailouts this month, they held $5.4 trillion in loans on their books. About $1.4 trillion of those were subprime.

As they grew, Fannie and Freddie grew heavily involved in “community development,” giving money to local housing rights groups and “empowering” the groups, such as ACORN, for whom Barack Obama once worked in Chicago.

Warning signals were everywhere. Yet at every turn, Democrats in Congress halted attempts to stop the madness. It happened in 1992, again in 2000, in 2003 and in 2005. It may happen this year, too.

Since 1989, Fannie and Freddie have spent an estimated $140 million on lobbying Washington. They contributed millions to politicians, mostly Democrats, including Senator Chris Dodd (No. 1 recipient) and Barack Obama (No. 3 recipient, despite only three years in office).

The Clinton White House used Fannie and Freddie as a patronage job bank. Former executives and board members read like a who’s who of the Clinton-era Democratic Party, including Franklin Raines, Jamie Gorelick, Jim Johnson and current Rep. Rahm Emanuel.

Collectively, they and others made well more than $100 million from Fannie and Freddie, whose books were cooked Enron-style during the late 1990s and early 2000s to ensure executives got their massive bonuses.

They got the bonuses. You get the bill.

Posted by Fred Scrooby on Sun, 05 Oct 2008 18:13 | #

Of course, bigtime low-life scumbags Karl Rove and George Bush, together with the Bushite GOP circle, were in on it too, up to their corrupt <strike>necks</strike> eyeballs:  see the two links in my comment before last.

Posted by Dave Johns on Sat, 20 Dec 2008 02:33 | #

Is Bernard Madoff a neo-nazi at heart? Why do I ask that? Because nobody has singlehandedly done more damage to Jews since ol’ Schickelgruber himself.

If MR, like Time Magazine, had a nominee for “person of the year”, I’d nominate Bernard Madoff. Heh heh heh ...

Anti-Semitism floods Internet after Madoff scandal: campaigners

NEW YORK (AFP) — Anti-Jewish commentary is flooding the Internet in the wake of Bernard Madoff’s arrest on charges of masterminding one of the biggest Wall Street frauds in history, campaigners said Friday.

The Anti-Defamation League (ADL) said there had been “an outpouring of anti-Semitic comments on mainstream and extremist Web sites.”

Madoff, 70, is Jewish and a prominent member of the powerful US Jewish community. He is alleged to have defrauded investors, including a number of Jewish-related charities, of some 50 billion dollars.

“Site users have posted comments ranging from deeply offensive stereotypical statements about Jews and money—with some suggesting that only Jews could perpetrate a fraud on such a scale—to conspiracy theories about Jews stealing money to benefit Israel,” the ADL said in a statement.

“Jews are always a convenient scapegoat in times of crisis, but the Madoff scandal and the fact that so many of the defrauded investors are Jewish has created a perfect storm for the anti-Semites,” said Abraham Foxman, ADL national director.

“Nowadays, the first place Jew-haters will go is to the Internet, where they can give voice to their hateful ideas without fear of repercussions.”

Posted by Fred Scrooby on Sat, 20 Dec 2008 15:44 | #

Translation of the article posted by Dave Johns above:  Foxman’s starting his 2009 ADL fund-raising drive a little early and his Jewish friends in the Agence France Presse were willing to help him out with some pump-priming publicity.

Posted by weinstein on Sat, 29 Jan 2011 21:29 | #

Be afraid be very afraid. All Federal reserve heads have all been Jewish since its inception in 1913. Then comes the financial backing and push in WWI. Germany is punished so heavily which was one of the main causes of the great depression. and the same financing gimmicks of selling junk stocks as 5 star investments pumping up the value and selling off and crashing the markets. In the end buying everything for pennies on the dollar. It’s called market manipulation and it is why we are in a great depression and it is what caused the first great depression. The Jews are the key players Madoff, Blum, Greenspan, Bernanke I could go on. What we are seeing now is bieng allowed on high causing a worldwide recession. which leads to the creation of Israel. By the US a country that believes in separation of church and state as a mantra does an about face after WWII?? Two world wars two great depressions! and key financers and banking institutions involved in all of them JEWISH. Bear Stearns, Goldmen Sachs Citi bank/country wide/housing scams. Jewish Congressman Barney Frank Gay pimp heads Fanny Mae and Freddy mac supported bad loans .
The media ABC, NBC, CBS, Jewish Foxnews/Rupert Murdoch and keeping are attention away from the thieves. If you question the Jews They will just call you anti Semitic and they are gods chosen so they think they have the right as the master race to steal cheat and murder! Now their are three supreme court justices that are Jewish when there are five that it it is completely over. Wake up they are destroying the world greedy bastards that aren’t happy unless they have all the marbles in the playground!!! I am not even a Christian anymore I am a “Jude o Christian”.

Posted by Leon Haller on Tue, 06 Dec 2011 08:55 | #

Many Fed chairmen were Jews, but not Paul Volcker (perhaps not coincidentally, a reasonably ‘hard money’ man).