Introduction

Property Money is backed by the economy’s total wealth:

When the economy’s total wealth increases, so does its supply of property money. 

When wealth decreases, property money supply decreases.

Contrast this with gold-backed money:  A customer deposits gold and the bank gives him a gold certificate.  The gold certificate circulates as money.  The money supply increases.  When anyone demands gold in exchange for the certificate, the bank gives them the gold and the certificate goes out of circulation.  The money supply decreases.

We’ll refer to “demurrage” as the bank’s cost of securing its gold from thieves, etc. 

Demurrage

Remember that concept.

Let’s now look at government as a “bank” that “stores” the economy’s wealth.  That store of wealth is the total value of property rights protected from thieves, etc. under law.     As exemplar, we’ll look at the most basic property:

A family dwelling.

Building a new house “stores” it under government protection.  The government issues a certificate known as a property title.   However, unlike a gold certificate, the title isn’t “liquid” enough to circulate.  This is where property money comes to the rescue.

Building a new house with a liquidation value of, say, $200,000, increases the property money supply by $200,000 minus the sunk cost, say $150,000, of building it.  Sunk cost includes, among other things, wealth consumed by the house: boards, nails, concrete, wires, etc.  So in our simple example, $50,000 of wealth has been added to the economy.  The property money supply thereby increases by $50,000.

Thus every dollar of property money in circulation is backed by a dollar of value in the economy’s wealth.

This essay describes how property money satisfies the demand for liquidity while privatizing the delivery of social goods.

READ MORE...

So here we are at the dawn of what many nationalists, indeed all people who love freedom, suspect may prove a decisive year.  Across the white world governments are doing things that we would have thought unthinkable only a short time ago.  In Australia people are being incarcerated for the sin of preserving the sovereignty of their own bodies, as guaranteed under international law.  In Austria, Germany, France, and Italy those who refuse the gene therapy injection are losing their livelihoods and their ability to go outside of their own home.  Holland and the Republic of Ireland are moving in the same direction.  Others will follow.

At the moment America and Britain are relatively free.  The British political Establishment is hampered by about one hundred rebel Tory MPs. The Prime Minister’s popularity is gone.  There are local authority elections in May, which cannot bode well for the governing party.  There are signs that the media’s pro-vax unanimity may be cracking.  That part of the public which is double-vaxxed, meanwhile, is showing resistance to the third shot, and those who have taken it will surely show resistance to the fourth (due in Spring).  It is hard to see non-whites, only a quarter of whom have been jabbed even once, coming on-board with the agenda.  Knowledge of the mildness of Omicron and its potential for creating herd immunity is widespread.  Likewise, publicity about the incidence of serious vaccine injury is eating away at public conformism.  This war is not lost.  It is only just beginning.

Two nights ago these thoughts were much in the minds of nationalist podcasters Millennial Woes and Morgoth, when they conducted a mammoth four-hour live show to round off the 2021 Milleniyule.

Milleniyule, an intensive series of nightly, live discussion between Woes and principal internet nationalists across the last three weeks of December, has established itself as a staple of the year-end for the modern generation of MSM refuseniks.  I managed to catch some snippets from various shows, including Greg Johnson, Academic Agent, and The Iconoclast.  But I made a point of listening to the whole of Woes’ conversation with Morgoth, which I commend to you:

Of course, everything that was said was really only analysis of the new world of Power that is unfolding daily before us.  It is different to the old world - obviously, the liberal modernity we are so used to but also the coming world of the old banking elites and their Judaic project (only it’s not the coming world now).  But nationalists in Britain have only begun waking up to the tech globalist world, and its climate- and Covid-based methodologies, over the last few months.  I know from personal experience that it is still very hard to get people, especially those who are heavily invested in the Single Jewish Cause (or, for Al’s sake, the Main Cause), to understand the change which has taken place.  Clear expositions of why the debt-model is losing ground, and why the parasitic banker is being replaced not by the parasitic tech billionaire but, shockingly, by you and me ... by all of us ... as parasites entirely dependent on government and corporations for everything in our lives, including spending money ... clear expositions of that do not cut through.  Many nationalists love their hatreds too much to give them up to reality.  It does not bode well for us.

How ironic it is that we, who alone had the balls to face the racial truth, should be refusing to keep up with the libertarians of UK Column and the Marxists of the Occupy movement, who were cottoning on long ago.  Here, for example, is Iain Davis’s excellent and thought-provoking chart of the new power dispensation:

We nationalists are still reliant on the likes of Davis to understand the very thing we seek to overcome.  Let’s do the analysis and start thinking creatively.

I checked the site mailbox yesterday - something I have done less frequently since it was moved by the ISP to webmail, which I find to be a problematic platform.  Anyway, I managed to access it and I’m glad I did because there were a couple of mails of real interest.  One of them was a source of sadness, and confirmed the death of a past friend of MR and a man whom many more than just myself held in high respect.

Wintermute - WM, for short - arrived at MR early in its history, at the same time as the also redoubtable ben tillman.  Indeed, they operated on occasion rather like a tag team, and woe betide anyone who incurred their disfavour.

WM’s mission was to convert the world to his version of the Single Jewish Cause.  For some reason he had ventured away from his usual stamping ground at The Phora and selected MR as a suitable case for treatment.  This was not actually what I needed at that time.  Of course there was no reason that WM should hold back.  He did not know that MR was an experiment on a highly unstable material, or that he was lighting a naked flame every time he came here.  He did not stop to examine the cast of actors in this tragi-comedy.  To him, conservatives and libertarians from Oz, paleos from the US, trad cons from the UK and Belgium and proto-nationalists from all over were all people equally in need of grasping the one thing guaranteed to blow the place sky-high.  I attempted to keep my experiment running.  He attempted to make it in his image.  I avoided confrontation.  He sought it.  That was the way of things.

Every barrier I threw up he dutifully dismantled - not always, it must be said, with the most insightful diagnosis of my ideological failings.  Here, for example, he puts my resistance down to “social conservative propriety”:

By raising the spectre of Nazism, you are trying to both inhibit discussion of the Jewish Question, and to minimize the harm done by ignoring it. Would you level the same charge at Belloc?

It is the refusal to discuss the question which results in the radicalism that you decry.

This refusal is very definitely part and parcel of the ‘social conservative’ sense of propriety, though there are also considerations that even more venal: Nixon and Graham are excellent examples.

This remains the only occasion on which anyone has informed me that social conservatism rather than, say, Weimar liberalism, could be a factor in the rise of National Socialism.  Obviously, I had expected WM to be a make-believe National Socialist, like so many German-American WNs I had encountered on the net.  But he wasn’t at all that way inclined.  Probably, he was just too well read. 

Looking back at his commentary I find a WM who, although he couldn’t be clearer about the Jewish impact on our life, was never very clear about his own political antecedents and principles.  MR was a place to which one came to contest those very goods.  It was wholly predicated on the hierarchy of values which has, at its peak, the survival and continuity of European peoples, and on the inevitability that contact with that would inform and renew all who thought otherwise.  But somehow WM floated above all that.

I came close to nailing him down once or twice.  I remember proffering the opinion one time that, had it survived Hitler’s wars of aggression, National Socialism would, over time, have de-radicalised and subsided into a conservative force in its own right.  He agreed, to my surprise, and explained why.  Shortly after, still trying to pigeon-hole the man, I offered the judgement that “You are, I believe, a white nationalist.”  But nope, he confounded me again:

I don’t think of myself in those terms. I think in terms of classical liberty, which more and more seems to me to be an epiphenomena of the populations that are called “White”. That I include considerations of race in my political thinking does not make me a Nazi, a skinhead, or a “white nationalist”. Maybe I’m just a no-modifier “conservative”, who does not share the same preferred set of blinders as his fellows. Had that possibility occurred to you?

Then one day he was gone.  In honour of him I wrote a piece about courage and the unity of men, and that was that.  Or nearly that, because we then began an exchange of private mails in which more of him emerged.  What I found was a man of the spirit, brave in the face of what seemed to be a debilitating illness that he would eventually be unable to beat.  But he was spiritual in that other sense, too.  He was, or had been, a Gurdjieffian; and his natural bent was not at all that of the angry, Jewphobic WN but of a man straining for some permanency and right, and doing it with culture and principle and, always, stylish prose.

I remember saying that if he ever wants to write about his real worldview, minus the Jewish stuff, I would gladly publish it.  But he didn’t want that.  He was a dedicated fighter, a man who had taken a personal decision, a vow perhaps and much against his want and nature, about how he would proceed and why, and nothing could or would change it.  Then he stopped replying, and there was no more contact.

A few months ago Ben came on one of our threads and I asked him if WM was still in touch.  He said he thought he was still down in Texas.  But that turned out not to be true.  The email I opened yesterday was from an old friend and accomplice of WM who, only just the other day, had read the exchange with Ben, and was very kindly writing to tell me that, in fact, WM passed away over two years ago.

One of the lesser harms done to us by the Judaic struggle is that its necessary opposition consumes good men and good minds - sometimes, as in the case of WM, our best.  What he might have achieved, had he not made the decision to plough such a narrow furrow, can never be known.  It is another loss in a great history of losses that is the story of our people’s struggle to live a life fitted to us in peace and in freedom, and perhaps what WM really meant by “classical liberty”.

Those who knew him will remember him well and with gratitude, as do I.

It is, of course, usual about this time of year for journalists in our esteemed mainstream media to ponder the year ahead.  Well, if they can do it ...  But as my record for predictions is somewhat patchy I thought I’d just stick to the headlines you will assuredly be reading.  Or there again, possibly not.

Stone-cold

BBC poll: after the Census most white people say a non-white majority future is only fair
Jupiter wins second-term in the Elysee
Marine Le Pen renounces nationalism. Will campaign in 2027 as Islamic extremist
Jupiter’s wife only creates more confusion when she says, “Moi, je n’ai jamais transiguré”
Boris under pressure for “wild” decision to order 200 million Pfizer doses to beat Omega in 2026
Daily Mail poll: public desperate for next gene therapy
President reportedly signing letters as Go Brandon
Democrats prepare for smooth transition. Kamala Harris says “For pete’s sake don’t call it that.”
Pete Buttigieg denies he was born a biological female. Says “If only.”
Boris on brink as Prime Ministerial hopeful Rishi Sunak says Treasury won’t pay for 2027 Omega 2 madness
Italian government falls.  Mario Draghi to form his tenth administration.
Ending online anonymity will end all forms of hate, says Priti Patel
Online anonymity to be protected for anti-racists, BLM and trans activists
Archbishop of Canterbury apologises to other faiths for using online pseudonym “Archbishop of Canterbury”

Coming down the turnpike

Prime Minister in waiting Liz Truss poses nude for Sunday Sport to prove that she is not, nor has she ever been, a man
Sunday Sport sales plummet. Paper to close.
BBC poll: most white people happy to go to prison for their racism
Liz in, dressed in pink with flowers in her hair, Boris Carried out screaming
Kamala Harris in while still on her feet, unexpectedly; Go Brandon stretchered out
Jill Biden on Trump dream ticket for 2024
Former PM Boris Johnson paid £10 million for after-dinner speech at Davos
Former president Joe Biden paid $20 million for searching his pockets after dinner at Davos
Oval Office redecorated as boudoir
Truss confident lockdowns over.  Wearing grey, she says “People are free to live their lives.”
Truss dons dark business suit, white shirt and tie to impose new lockdown for quintuple-jabbed
Truss dons army fatigues to invite unvaccinated to quarantine at new Kettering hotel
Archbishop of Canterbury says “prison too good for those selfish bastards”

You never know

Ad boss sought by police after one of his ads shows white male in positive light
Royal Protection Officers shoot dead fourth armed black intruder of the year in Buckingham Palace
Body of Sir William Macpherson is to be exhumed to chair committee investigating racism in the Royal Protection Squad
Israel: accidentally-released vaccine injury data triggers public doubts about thirty-ninth jab
Surprise Israeli declaration of war on Iran
AIPAC commits US ground forces to Iran invasion
Kyle Rittenhouse wins Massachusetts for the GOP with landslide
AIPAC in talks with Governor Rittenhouse ahead of cabinet picks
Fox and Tice unite parties. Polls show 60% national support.
Nigel Farage returns to rent-seeking ... sorry, the fight with announcement of new subscriber base ... sorry, political party
BBC poll: most white people want Sharia
After fashion business flop former F1-driver Lewis Hamilton says competition unfair and he should be allowed to win
Bill Gates claims he is love-child of George Soros and the Bat-Lady of Wuhan
Facesoft buys Aggle, Goople buys Microberg
Fauci says he was too embarrassed to explain the very personal meaning of “gain of function”
Detachment of Revolutionary Guards wipes out 10,000 special minority forces in first US ground attack
Chief of Army Staff blames “niggardly” budgets for high heels and eye-liner
Chief of Army Staff sacked for saying “niggardly”
New Chief of Army Staff blames white transphobia for fourth special forces disaster
Daily Mail poll: Public demand gene therapy cure for common cold and hangovers
Truss denies blonde moment. Says ze meant Islam belongs to Britain, not other way round.
Muslim Council of Britain and Chief Rabbi join forces to demand equality for Sharia
“Diversity still our strength” says Brighton’s gay mayor as Pride is shut by Morality Police
BBC poll: most white people say no left-wing bias in BBC polls
Archbishop of Canterbury says Jesus would denounce white skin
Archbishop of Canterbury says not enough for government to pay slavery reparations, white people must pay out of their own pockets
Archbishop of Canterbury converts to Nation of Islam

Never gonna happen

Electoral Commission apologises and grants party status to Patriotic Alternative
Priti Patel admits that black communities “sometimes have a problem with impulsive violence and criminality”
Riots and looting break out in Croydon, Peckham, Tottenham, Salford, Toxteth, Bristol St Pauls ...
Jews disown Judaism. Say they never really meant it.
Manufacturing industry CEOs finally ask what Sustainability means for their pay packets
Manufacturing industry CEOs finally declare Sustainability unsustainable
Panic at Davos as independent scientists finally cut through with common sense statement on sun activity
World Economic Forum finally admits it is an organisation of opportunistic sociopaths
Shock news. Planet cooling. World Economic Forum says it already knows what to do.
BBC poll: most white people want a voice in their own racial future
Archbishop of Canterbury sectioned but “doing well”
Archbishop of Canterbury finds God. Crisis at Lambeth Palace.

... and don’t worry about injury figures.  I’m sure it will be fine.  After all, the British government is paying £22 a shot now, and ordering millions more doses for the upcoming fourth jab, seeing as how the positive effect of the third is only good for three months.  At that kind of money it must be absolutely brilliant stuff, yeah?

And if that doesn’t put you in a mood of seasonal cheer, just know that data on vaccine take-up by ethnicity has revealed today that the forthcoming Census will show us natives are down around low 70s as a percentage of the population.

https://twitter.com/tfromthemeadow/status/1474331260688515102?s=20

Just don’t let up on the wild celebration of all things diverse, cuz our masters will soon need volunteers for their exciting new facility in Wellingborough:

... where you will no longer have to worry about whether you accept the vax or not.

Some season of good cheer this is!

Any novel and genuine politics of change must possess a set of interlocking core principles derived from a theory of Man’s reduced condition and a countering and inspiring vision of what he properly is.  That latter must be reflected in the ultimate value advanced by these politics, and the whole must be eminently communicable, indeed politically virulent; and for that people have to know that it is true.  One shortfall in any of these respects and historical purchase will not be possible, even when the prevailing system is grown stale and unproductive, and the people yearn for a relevant and fresh, hopeful way forward.

So poorly mapped out is ethnic nationalism, so poorly has it been served by thinking nationalists, and so unsympathetically, oftimes deceitfully, by liberal academics, that all three of these necessities - structure, ultimate value, and truth - are scarcely addressed at all in any formal sense.  Properly resolved they would advance our nationalism considerably towards becoming the holistic and original philosophy we desire it to be. 

But they are not the only unresolved issues.  The problem of becoming, or human purpose, and the problem of the individual and his freedom also cast a long shadow, as does the problem of the sheer scale of the revolutionary endeavour.  With all that in mind, then, we will now try to make some progress, or at least some useful observations, commencing in this essay with the problems of structure and of becoming.  Value, truth, and the individual must await a part four, and even five.

The problem of structure

As explained previously in this series, we routinely profess ourselves to be ethnic nationalists, espousers of a communicable philosophy.  Really, though, the most that can be said of us is that we are nativists.  Nativism at least has a structure to it.  It is defensive and survivalist.  It is the politics of the place of arising ... home, the source of the people, the parent of their distinctiveness.  It is important.  But it can never rise to the station of a positive, organising system for living ... never get beyond defence of the people’s life and land.

Descriptively, a nationalism of ethnicity must be holistic, naturalistic, existential, authenticising, universal (in the sense of true of all peoples), defensive before it is expansive, and preserving before it is conserving.  As the political expression of the native principle, it is the politics of ethnic genesis on the soil and so of the natural right ... the native right ... to defend kind and home.  It is, then, the active politics of genetic interests, of the kin relation.  As the politics of all settled peoples it is the politics of peace and the complete antidote to liberalism’s post-Christian and anti-European universalism.  It is the politics of consciousness of being.  It is the politics of the authentic in us individually and, therefore, collectively, because consciousness in a people, like natural wisdom in a crowd, is accreting. 

But what are the principles underpinning all this?  How do they articulate socially?  The following (tentatively proposed) structural scheme may take things forward:

It exhibits a rather extensive collection of base principles and, in the upper range, a row of states leading to triads of active processes.  All are arrayed across three distinct but interlocking dynamics, shown here as rising columns.

READ MORE...

Why do corporations whose business model is constructed on mass production and mass consumption think they can continue to survive in an age of reduced and reducing population and “sustainability”?  Who will buy Fiats and Fords when no one owns a vehicle?

Owning a car is outdated ‘20th-century thinking’ and we must move to ‘shared mobility’ to cut carbon emissions, transport minister says
Owning a car is outdated ‘20th-century thinking’, junior transport minister says
Trudy Harrison, 45, said the UK should move to ‘shared mobility’ to cut emissions
Almost 80 per cent of UK households own at least one car, latest figures showed

Owning a car could become a fad of the past, a government minister claimed this week.

Junior transport minister Trudy Harrison, 45, told a sustainability conference owning a car was outdated ‘20th-century thinking’ and the country should move to ‘shared mobility’ to cut carbon emissions.

Ms Harrison, who is also a former parliamentary private secretary to Boris Johnson, said the UK was ‘reaching a tipping point where shared mobility in the form of car clubs, scooters and bike shares will soon be a realistic option for many of us to get around.’

She told a virtual audience at shared transport charity CoMoUK what the country needed was a move away from ‘20th-century thinking centred around private vehicle ownership and towards greater flexibility, with personal choice and low carbon shared transport’.

And so the deceitful drip-feed of the bad news about the future continues.

Car-owning is just one area of dispossession slated for the little people.  According to the infamous (now deleted) WEF article everything ... even the clothes on our back ... will be rented from a corporation.  Consumption will crash.  Manufacturing will die.  So why do no major manufacturers or industry bodies resist?

Well, the car manufacturers, certainly, seem to expect continued high-volume sales of their products to the rental markets of the smart city pod-scape and the blob-on-a-bed of the metaverse.  As some deluded management geek wrote at Forbes:

Customer loyalty will gradually move from brand and dealerships to integrated and convenience-driven services and associated mobility options. New business models of pay-per-use and subscription-based mobility will be the way forward.

But there isn’t any customer loyalty to the manufacturer in pay-per-use.  The pleasure of ownership leads to an entirely different qualitative expectation from that of mere utility, where competitive pressures and the absence of customer loyalty will inevitably lead to low-quality, throw-away products with minimal profit potential.  So why are the car producers - or, indeed, any of the quality-oriented life-style mass-producers - eagerly going along with a fake “sustainable” market system that they can’t survive?  They’re not mad environmentalists.  Their chief executives are not paid to crash the company.

One wonders if the real reason is peer pressure at the Davos forum and the other nests of globalism, and cowardice and fear about standing out from the lemming-herd does the rest.

A comment on Judaism, which I made in response to a perfectly decent and honest Orthodox Jew at the Disqus page for a Speccie article on Arab anti-Semitism in London.  The comment pulls together much of my current view on the Jewish Question.

On balance, I’m in agreement with Koestler about Ashkenazic origin. There is ample evidence in the ancient historical record. But, of course, it cuts across the biblical claim of return; so it must be dismissed out of hand.  But we can let that pass.

The point about Judaism as it developed between the destruction of the Temple and the authorship of the Talmud is that it is a Jewish nationalism in eschatological form.  It is a political project. Moshiach is a political, not spiritual, leader. The anointing of Jews as the priest class speaking directly to G-d and ministering over humanity is accompanied by the most material possible ambitions - basically the ownership of everything.  Meanwhile, the rest of humanity has no function but that of chattels.  One would like to believe that this is only the husk of the fruit.  But if that is all there is, it is an extraordinarily coarse and vulgar vision when compared to the sublime and towering spirituality of, say, Indian mysticism or the compassion of Buddhism.

From the outside, certainly, one observes Judaism’s methodology not by the greater spiritual attainment of Jews (there is, after all, the issue of chosen-ness, which renders such struggle unnecessary, hence the emphasis on intra-tribal respect and law) but by the stripping of specificity and identity from the rest of humankind, and humanity’s impress into the role of the servile gentile at the End Time.  One expects that Jews sincerely believe this estate to be the pre-requisite for a Pax Judaica.  But it’s really something quite different.  No people desires such a violent fate.  All peoples desire to be free, and possess no lesser right than Jews in that regard.

Psychologically, we might explain Judaism’s extraordinary, hyper-competitive teleology as a neurotic over-evaluation of evolutionary group fitness. Given the history of enslavement of the biblical Jews it is not too difficult to understand. Interestingly, when one looks at Germany after Versailles and through the period of hyper-inflation, we can see that some political forms present in Judaism also appeared in National Socialism. We can identify the Fuhrer, the Thousand Year Reich, racial supremacism, the enslavement of neighbouring peoples, all of which mirror the Judaic model in an absurdist style.  The real commonality, though, is the degradation and humiliation of conquest by a foreign people. The great difference is that the absurdist German model was not an evolutionary survival strategy.  Germans still held Germany and still, therefore, had an evolutionary point of reference in the soil. Jews did not have this, and made their evolutionary point of reference their host peoples.  There are many interesting adaptions to the European sociobiological character, of which the high Ashkenazic average intelligence, especially verbal intelligence, is the most marked.

Obviously, Jews are not going to see Olam Ha-ba.  Humanity is being ushered instead into the Fourth Industrial Revolution, and Jews have no special destiny therein.  In the meantime, we Europeans still have to cope with all the sociobiological impulses which inform the Judaic project, which carry on regardless.  It would be better for us both if Jews could lift their heads and survey the real world, as Richard Herrnstein did in co-writing The Bell Curve just before his death in 1994.  He understood the coming elitism.  He tried to warn his own people and ours.  No one listened, and instead he was attacked as a “racist” by the very kin he was trying to help.