Mortgage Chaos Awaits Next US Presidential Election

Posted by James Bowery on Thursday, 03 September 2009 17:51.

The best fit of quarterly US foreclosure starts since 2007 3rd quarter extrapolated to the 3rd quarter of 2012 shows that the cumulative prime mortgages, not “sub-prime” and not “underwater”, not “delinquent” but foreclosed is nearly 25 million.  It is a very good fit (R-squared adjusted: 0.998).

There are a total of 128 million housing units in the United States.

image

See derivation of this graph below.

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White South African voices on the migration question

Posted by Guessedworker on Wednesday, 02 September 2009 22:37.

The case of Brandon Huntley, a white South African granted asylum by an Immigration Board in Ottawa, has been in the headlines for a couple of days.  The Canadian’s recognition that black violence and South African governmental dereliction can constitute grounds for asylum for fleeing whites has stung both the aforementioned government and the ANC.  The moral poverty of both is evident in their reflexive ascription of racism to the decision.

But some rather more interesting reactions have surfaced elsewhere … here in the Huffington Post, for example, where Western purveyors of the old anti-apartheid rubric are struggling - and failing - to come to terms with the moral superiority of the white South African victim.  Like “sa-Ireland”:

There are brutal murders, hacking up of whites, slaying pets, and terrorizing and raping. The rule of thumb is to whites.
now if a white is not allowed to get a good job, (those in the good jobs were there for a long time , or are expats), if a white is not allowed a FREE education, because the last 3 years of school will not be paid by the government, if a white can not own property without the risk of it being removed forcibly, If a white has to live behind prison bars on our houses, can not own anything valuable as it WILL be forcibly removed, If we live in fear daily, because we own a car, a TV, or another valuable item then what is persecution?
There is a plan when Mandela dies - Whites are threatened daily with it. Our guns were redistributed to the blacks as well. When he dies, they will massacre us. All know about it and there is constant, daily propaganda, on the news, in TV programs, and everywhere, to PROMOTE white hatred. My kids weren’t even allowed to report a black in school for bullying as it was classed as racism.
There was a small group long LONG LONG-ago who did the apartheid. It was over in 1989. Why must we suffer for THEM?

The fact remains, though, that of the 4 million + South African whites well over three-quarters of them have not fled the country, and a substantial number appear to be willing to trade personal security for the benefit of the climate, the beaches, the bars, the upscale metropolitan white lifestyle.  It’s hardly news that in South Africa the racial question still preoccupies everyone, whites included.  But the old divisions among whites are long gone.  Now they are split between optimists who are prepared to keep their head down and take what’s going on one side and, on the other, pessimists like “sa-Ireland”, for whom getting out is only a matter of time, and the realists who will stay but try to create change.

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Economics Quiz

Posted by James Bowery on Monday, 31 August 2009 17:51.

What Nobel Prize Winning Jewish Economist wrote the following in a 1992 white paper?

When the incentives for productivity become negative due to capital welfare in excess of the economic growth rate, wealth is structurally centralized at the expense of others in the economy. The absolute level of net assets owned by the general population actually decreases so as to increase the net assets of the wealthy.  This not only removes all incentives for production and entrepreneurial investment from the economy, but consumer demand collapses as credit is liquidated to pay for necessities. Depression ensues.  It is under these circumstances that demands for socialist intervention in the economy via “public investment” take on an air of urgent legitimacy.

In such a desperate environment, Marx’s arguments in “Das Kapital” appear as rational and appealing as any made by Schumpeter, Laffer or even Adam Smith.  It is therefore critical to understand to what extent socialist criticisms of capitalism are valid so we can credibly argue against their fallacies—particularly when they are promoted during obvious manifestations of capitalism’s flaws.

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Culture Of The Hearth

Posted by Guest Blogger on Saturday, 29 August 2009 23:13.

by The Narrator

The question is asked time and again, “what can I do to save The West and defend my people?” The answers are generally (if at all suggested) of a broad scope encompassing political movements or counter movements, media presentation and so on. But as the expression, ‘life is what happens while you’re busy making other plans’ is so resoundingly true, it might pay to consider that we (individually) do not need grandiose blueprints to save and defend our people and culture. We simply need to affirm both to ourselves and before our enemies, that we, the Sons and Daughters of The West, are yet alive. For that which is alive celebrates its life. The West is a living entity, and we are its lifeblood. Therefore to celebrate The West is to celebrate our own being, our own existence. And as any wise man knows, true affection is not expressed in grand actions but in the everyday gestures, in the little things.

And that is not to suggest that grand visions should not be fostered and implemented, but rather that we should be careful not to keep our gaze fixed so intently on the future that we miss out on the present day-to-day joys and celebrations of Western life.  And as autumn, and the (decidedly European in nature) Holiday Season, is soon upon us, what better time of the year is there for the sons and daughters of The West to indulge in the glory of our culture.

Of all the seasons that encompass the cycle of life, I doubt none holds a greater fondness in the hearts of Whites, than Fall. Or perhaps, more specifically, that late September to late December time frame when the days grow shorter as the sun begins to sink earlier, leaving the evening world painted in gold and the sky a deep blue-fading to purple starlit twilight, before it sets. The leaves begin to turn and the air becomes cool, clean, refreshing and enlivening. The nights seem deep and misty, while dawn comes bright and silvery over the frost covered landscape. Even those leafless, seemingly lifeless, trees look like finely etched works of art against the fading evening light of a Fall Sky. Autumn seems to bring a million such images (memories) to mind that seem to heighten our expectation of the season.

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Are we bound by social contracts with our ancestors?

Posted by Guest Blogger on Saturday, 29 August 2009 22:01.

by PF

My grandfather will one day be dead.  In as far as I am typing this here, he lives on genetically.  But is there any sense in which I am bound to him and his memory beyond merely carrying his last name, blue eyes, and penchant for seriousness?

What if blue eyes aren’t enough - what if I love this man so much that I want part of his vision inflicted on the world, even if that vision is simply that the world he lived in and was a part of should not completely perish?  Technological currents have destroyed most cultural traces of those times, but biological continuity is the last common denominator with meaning.  He wouldn’t recognize most aspects of modern Britain as anything understandable to him; in fact, in his daily comings and goings he is beset by difficulties which are similar to the experience of people living in foreign countries, so difficult is the translation between old Britain and new - is it too much to ask that he at least be able to recognize the people living there?

Did we enter any agreements, when he was spending time with me?  Did you enter agreements when you were spending time with your families?  Agreements that you would wish to see enforced, whether or not the people themselves are here to speak up on the topic?  Do you speak for yourself, or for those who came before you as well?  Are you their emissary, or simply a purveyor of your own world vision you thought up yourself?

Furthermore, are any of us bound even to prior ancestors whom we may not be acquainted with?  That seems a more subjective question.  Considering the massive work behind our inheritance, I think we are.  That boggles the average mind, however - and if understood can only be understood as ancestor worship in a religious or mythical context.

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What it is to be human, part 1

Posted by Guessedworker on Friday, 28 August 2009 21:54.

OK, I said I wouldn’t do this.  But, well … you know.  This is the first of two posts on an alternative to the politics of spiritual regeneration - always assuming that the reader understands (a) that some systemic replacement for liberalism is necessary, and (b) that the current American empirical offerings lack motive power.

The second part will carry forward some of the arguments here and sketch out a model of Mind as a contribution, I hope, to the search for a new and syncretic founding theory.

Instead of the old metaphor of individuals as discrete entities like billiard balls, we need to think instead of them as nodes in a relationship network.

With these words Madeleine Bunting, the occasionally sensible but mostly Moslem-mad Guardian Woman, signposts the left’s remaining recourse in a world made hostile by neuroscience.

Moslem Maddie’s problem, you see, is that she has heard the rumours that the eponymous self of liberal self-authorship fame does not, in fact, exist.  “This”, she says, “is the kind of stuff which challenges almost everything you’re used to thinking about yourself.”  And about your politics, if you are a radical individualist as she is.

She writes:

… the point about this new explosion of interest in research into our brains is that it exposes as illusions much of these guiding principles of what it is to be a mature adult. They are a profound misunderstanding of how we think, and how our brains work. They are fairytales, about as fanciful and as implausible as goblins.

That’s a rather dramatic way of putting it, of course.  The constant flow of affirmations of self are wholly legitimate from an evolutionary standpoint.  The illusion of self exists even if self does not, and it is no less a product of evolution for that.  Genes for “self-ishness” and self-preservation are privileged for the fitness gain they offer.

So, what now for the left?  Cue the decampment, perhaps, from the half of the liberal project that pursues the unfettered will into the egalitarian and social democratic half?  Well, that may not be necessary.  A strange and unnerving synthesis of the two halves, of a self-authorship and a state-mandated compassion that were never entirely reconciled in the past, may just be coming down the turnpike:

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The unbearable heaviness of pomo individualism

Posted by Guest Blogger on Friday, 28 August 2009 11:29.

From a spell of cracking happily and then, apparently, dumpster-diving, PF is back.
GW

——————————————————————————————————————————————————————————————————————————————————————————

The unbearable heaviness of pomo individualism

by pf

Clever title, eh?

I’ve been in the garbage again: wading around, searching for discarded bank statements and soiled swimwear catalogues to set me straight fiscally and corporeally.  In these hard economic times, sometimes all a white nationalist can do is to racially preserve themselves; following a personalized version of the 14 words: I must secure the existence of my[white]self, and a future for my[white]self.

But I have also gone down into the subterranean world of young 20-something college children, which is a spiritual form of dumpster diving.  There lie the half-eaten crisp bags of the soul - or, to put it more prosaically - from there you can survey the wreckage of modern ideas as they impact a fledgling group of people who would otherwise probably be productive members of society.  I’m going to describe them in a way that makes my essentialist views of the universe seem like the only solution to their plight, while portraying myself as a heroic intellectual savant who views these people from a higher plane with a mixture of compassion and laughing superiority.

Ready?

Beowulf-like, I ventured boldly into the realm of the soulless iPod-punchers, my self-effacing smile and small-talk girded round me like a coat of mail. Thrusting into the thick of battle, I frequented many a coffee shop and participated in many a casual discussion.  Of other war-thegns there were few; nary a one to lend PF aid in doing deeds of prowess.  And yet miraculously, here I am typing this.  Praise Wotan!

What did my furious, berserkr-like fits of socializing reveal about the core and essence of a generation that has had the soul ripped out of it by postmodernism?

OK, so what am I really trying to say?

You destroy our idea of ourselves as a group, as a social organism - so that nothing positive can be said about community life that isn’t based on some newly minted grouping or bureaucratic initiative: no forms of organic prior relation can be discussed or experienced.  The result is that the social element of life is basically taken away, even though people still socialize.  Its rendered neutral.  It has to arise in opposition to the dominant forces which are constantly reorganizing it.

Similar shopping opportunities and a similar-colored passport is what connects us.  The motto of our social life could be this: No past, no essence, no mystery, and no purpose!

People are mixed up so nothing can be organic, and we attempt to structure social life RATIONALLY according to models we have about how it works.  Ask a neuroscientist how a human brain works: he doesn’t know.  Ask a moral philosopher how a human society operates - it turns out, he will be more certain than the neuroscientist.  His area of expertise is still mostly pre-scientific, which inspires confidence in one’s own ability to tease out conceptual symmetries and showcase them as verities.

The burden is on the individual to somehow, by virtue of his own little existence, “justify” all this; since it is ostensibly for him that all this is being accomplished or realized.  And by all this, I mean the whole modern cultural establishment which exists apparently to no higher end than the individual’s right to fun.

Apparently, shopping was all that this was ever about.  All that struggle, all those centuries of work - it was in the end, really all about shopping.  Strangely anti-climatic, this history of ours.  It begins with Homer, or if you like, Ginnungagap, and ends with this.

Well, that just doesn’t make any sense. Its probably why Rory and Shlockum are out drinking every weekend [Rory and Shlokum are common names of college students].

You don’t have to be philosophically sophisticated to sense a lack of purpose and belief.  People have fine feelers for those things, like a woman senses a man’s intentions sometimes, especially if she accidentally finds a stray bit of ‘gear’ in the closet.  If our frankfurt-school philosopher kings had accurate maps of all our social feelers, maybe they’d understand why we all hate each other in our little utopian social enclosure they made for us.  Maybe they’d understand why, when they reach in to pet us, we fly out trying to score that lucky bite into soft yielding eye-flesh.  We don’t want to spin in our wheel anymore, or play in our network of colourful tubes!

A lack of purpose is demoralizing, goddamn it.


The Race Is On

Posted by James Bowery on Thursday, 27 August 2009 16:03.

You’ve been told that this is a “subprime” mortgage crisis.

Do you understand the difference between a “subprime” and a “prime” mortgage crisis?  You’d better bone up on the difference:
image

At this point there is a race on between the deviant global financial elites posing as “investment houses” who are borrowing trillions of dollars basically for free and the rest of us who are paying usurious rates on a relentlessly growing debt load which we cannot service.  The race is simple:  Who gets to buy up all the bankruptcy assets?  Right now, the enemy is buying them up for pennies on the dollar and more are coming on the market all the time as money is withheld from the citizenry, causing a continuing cascade of bankruptcies.

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