The Duran: Dismantling Family & Faith Destroys Society

RT CrossTalk host Peter Lavelle and The Duran’s Alex Christoforou discuss the Dayton, Ohio shooting in which nine people and the suspect were killed, and the El Paso, Texas Walmart shooting where 22 people were killed before the gunman was taken alive.

My comment: Peter Lavelle mentioned the ID propaganda spewed on Netflix, saying that all the men depicted in those movies are either weaklings, cowards, morons, or psychopaths. I personally don’t watch Netflix and have stopped watching mainstream movies a long while ago; but am well aware of the cultural and political propaganda these productions contain. Lavelle touched on the economic situation and on the issue of young men who find themselves in a position of involuntary celibacy; and that most women simply won’t marry men who make less money than they do. Single parent families were invoked as well, the absence of the father in children’s lives. The argument is made that things like porn, social media, and video games cannot fill the void created by the absence of family and faith. I wholly concur, and no sane human could object to that in my opinion. As far as mass shootings are concerned… there was only one mass shooting in the 1960s, ditto for the 1970s. And back then, racist political forces were part of the mainstream. The guns were always there. What changed?

In a recent article, Addiction, Polygamy, and Neofeudalism, I tried to tackle the larger phenomenon of socio-economic and spiritual decay, but failed short in doing so. Sadly, my longer articles don’t do nearly as well as my shorter ones. In another recent piece, I expose blatant anti-heterosexual propaganda in an NBC article from 2018.

Nearly a quarter of surveyed millennials claim they don’t have any friends. In order to even begin to understand the situation we’re facing today, it’s important to have a look at history. People may be familiar with dystopian novels like Huxley’s Brave New World [1932] or We by Evgheni Zamiatin [1924]… But I show the reader the broad scheme for mass social engineering, the effects of which we’re living today, published in the year 1915. The following is not fiction, it’s a precise statement of political action.

“The historical mission of our world revolution is to rearrange a new culture of humanity to replace the previous social system. This conversion and reorganization of global society requires two essential steps, firstly the destruction of the old established order, secondly, the design and imposition of the new order, the first stage requires elimination of all frontier borders, nationhood and culture, public policy, ethical barriers and social definitions. Only then, the destroyed old system elements can be replaced by the imposed system elements of our new order.

The first task of our world revolution is destruction. All social strata and social formations created by traditional society must be annihilated. Individual men and women must be uprooted from their ancestral environment, torn out of their native milieus, no tradition of any type shall be permitted to remain as sacrosanct. Traditional social norms must also be viewed only as a disease to be eradicated. The ruling dictum of the new order is, nothing is good so everything must be criticized and abolished. Everything that was must be gone.

The forces preserving traditional society are “free market capitalism” in the social economic realm, and “democracy” in the mental political realm. The capitalist free market does not fight against the old economic order, nor does democracy lead a fierce hot battle against the forces of reaction which oppose the new order, therefore our transformative work will be imposed through the unifying principle of the militaristic spirit, the negative task of destroying the old established order will be completely solved and finished only when all the human masses are all forcibly collectivized as uniformed soldiers under imposed mass-conformity of new order culturing.

After destruction of the old order, construction of the new order is a larger and more difficult task…..We will have torn out the old limbs from their ancient roots in deep layers, social norms will be lying disorganized and anarchic so they must be blocked against new cultural forms and social categories naturally re-emerging. The general masses will have been first persuaded to join as equals in the first task of destroying their own traditional society and economic culture, but then the new order must be forcibly established through people again being divided and differentiated only in accordance with the new pyramidal hierarchical system of our imposed global monolithic new world order.” From the book/Manifesto, Der Geist des Militarismus, Stuttgart 1915, by Nahum Goldmann [a leading Zionist and founder of the World Jewish Congress]. From the English translation housed in the collection of the Leo Baeck Institute, p.37 – 38.

The neo-Marxist currents we see today, ever entrenching themselves in public and private institutions, increasingly curating our language, shaming and slandering anyone who dares to take a different point of view, has mutated in such a fashion to become perfectly compatible with capitalism, even though they profess to hate it.

I’ll give two examples of individuals [famous in their own professions], just to point out the destructive nature of this ideology. My examples are adult film star Nina Hartley and economist Murray Rothbard. Both are Jews and come from communist families. Nina Hartley’s been an ardent supporter of the porn industry. While she stated that she wants everyone to have a piece of the [economic] pie, Hartley’s career has nothing to do with class struggle, but everything to do with spreading hedonism to all – a sexual revolution – not to empower the proletariat, but to distract it, and inevitably, demoralize it. Many icons of the counter-culture were in fact agents of the Deep State [CIA & other organizations], or useful idiots in their employ. Hartley is no exception. And just to point out her vain materialism and faux sympathy for class struggle, I recall some of her posts on Twitter, back when I had a presence on that dismal echo chamber. A woman, a porn actress, tweeted that her boyfriend had asked her to be exclusive with him, so she dumped him without a second thought and was quite proud of it. To that tweet, Nina Hartley replied something along the lines of, ‘Did he pledge to take care of you financially in exchange of you dropping your career? I don’t think so.’ Interesting emphasis put on “career” by a leftist; the “career” of sleeping with other men for money, as if no other profession is available for women or ex-porn actors. Evidently, the so-called socialist Nina Hartley had asked a rhetorical question. Her mind was made up from the start.

Now let’s go to Murray Rothbard. He too came from a Jewish, communist family. He grew up among communist friends and neighbors too. But unlike them, Murray chose anarcho-capitalism. Rothbard’s particular brand of radical libertarianism is all about rentier markets [neo-serfdom] and the individual’s right to choose freely [more illusion of choice]. An ironic thing is that Rothbard defended price monopoly, so long as the monopolist in question was a private agent and got in that position via fair competition. A short, concise take down of this particular view of his is found here. Rothbard was funded by the [pro-open borders, pro-usury, pro-rent-seeking] Koch brothers, until he had a falling out with them over ideological lines. The Kochs made their fortune in the USSR, fulfilling contracts for Stalin, then used that money to fund the libertarian ideology in the USA, and later the Tea Party movement.

Is this what communist families produce? Are Hartley and Rothbard the norm, or the exception? I would say they’re the exception, because if we look at the actual policies of the communist republics, the State made it its mission to protect and promote the traditional family, condemned and combated hedonistic ideas and activities, ensured housing, jobs, health care, and education for all: men and women. Indeed, when the internationalist fervor died down, the national communists affirmed themselves. Romania’s Gheorghe Gheorghiu Dej famously put it to the Soviets that first and foremost, he was Romanian, and a communist second. The idea of the nation wasn’t sacrificed in favor of Globalization – quite the opposite, the nation state was resurrected and civic nationalism [as opposed to cosmopolitanism] was promoted. Romanian political dissident, Octavian Paler, in his old age, though a strong believer in misanthropy, didn’t fail to criticize Romania’s socio-economic and moral scene after ’89; and he didn’t fail to acknowledge the good things in the pre ’89 epoch.

To put it simply, without order, without purpose, life is a chore to live. Spiritual rot ultimately leads to emptiness, alienation, the destruction of the self, of the family, of the community… Some may criticize me for bemoaning the slow, but steady social implosion of the United States of America. After all, in its role of hegemon, is the biggest purveyor of terrorism. Yet, I can’t bring myself to wish a pox on other nations. I have friends in the US, and even if I didn’t, it would still be wrong to wish evil on others.

I’m an adept of the great Erasmus [de Rotterdam]. Back in 1995, Donald Phau wrote a superb article on him, “the educator’s educator.” The Platonic Christian outlook of Erasmus was reflected in northern Europe by the work of the Brotherhood of the Common Life, and later by the Oratorian Order. The Brotherhood, founded in the 14th century by Gerhard Groote, was dedicated to mass education, including the poor, and from an early age. Their teaching method encouraged their students to study the original writings and discoveries of the ancient Greeks. Instead of employing formalisms to be learned by rote, children were encouraged to replicate the actual creative thinking of the original authors. Erasmus carried forth the Brotherhood’s method in his writings throughout his life.

The printing and mass circulation of Erasmus’ books led to an unprecedented leap in literacy throughout Europe. In addition, he collaborated with leading intellectuals in England and Spain to revolutionize teaching methods, by developing a school curriculum which remains to this day a foundation for education. In the area of statecraft, Erasmus was in personal contact with most of the monarchs of Europe and called on them to emulate Plato’s “philosopher king.” At the same time, his works addressed the wider population on the issue of national sovereignty. Erasmus foresaw the necessity for an educated population to freely elect its own government. Lastly, he was in the forefront of a movement to reform the institution of the Catholic Church, to end its corruption and toleration of superstition. And when Venetian interests pitted Luther’s Reformation and the Church against each other with the goal to destroy the legacy of the Renaissance, Erasmus, virtually alone, fought for a reconciliation based on a Platonic Christian dialogue.

Since Alex Christoforou and Peter Lavelle were talking about the alienation of young men, the erosion of faith and family [the main pillars of a well-functioning society], I feel the next paragraphs from Donald Phau are seminal to remedy the problem.

A letter to a young teacher, written in 1516, shows Erasmus’ commitment to lift Europe’s 95 percent out of ignorance. The teacher, Johann Witz, had written to Erasmus that he was considering quitting the profession and moving instead to a higher paying and more influential position, perhaps at court. Erasmus replied the following…

To be a school master is an office second in importance to a King. Do you think it a mean task to take your fellow-citizens in their earliest years, to instill into them from the beginning sound learning and Christ himself, and return them to your country as so many honorable upright men? Fools may think this is a humble office; in reality, it is very splendid. […] No one does more for it [one’s country] than the man who shapes its unformed young people, provided he himself is learned and honorable – and you are both, so equally that I do not know in which of them you surpass yourself. […] An upright man who is above all temptation is what that office needed, a man devoted to his duties even if he is paid nothing.”

Author William Wertz describes the teaching at one of the Brotherhood schools, as designed by Groote: “Imitating Christ themselves, the teachers […] preferred loving warnings to harsh punishments, sought to inculcate a love for individual research by letting pupils delve among the classics rather than confine themselves to text books, and taught the boys the use of their vernacular language. Poor pupils were given money for books, ink, and paper they needed in school. […] The basic idea is that the way to self-improvement is to think about an appropriate saying which helps one to overcome whatever obstacle to creative thinking arises in one’s mind at the moment it occurs.”

Gottfried Leibniz, one of history’s great polymaths, in a paper called Society & Economy from 1671, envisioned that artisans will work together happily in the large work rooms, singing and conversing, except for those whose work requires more concentration. On the question of education, Leibniz wished for children to be taken care of by Society. Parents shall be relieved of the task of educating their own children: All children… shall be rigorously brought up by women in public facilities. And scrupulous attention will be paid that they do not become overcrowded, are kept clean, and that no diseases arise. Note Leibniz’s desire for women to be part of, what Erasmus considered, the most important function in society, second only to that of the monarch.

Most of the work will be done in the morning. Pains will be taken to provide for pleasures other than drinking – for example, discussions of their craft and the telling of all sorts of funny stories, whereby they must be provided with something to quench their thirst, such as acida. There is no greater pleasure for a thoughtful man, or indeed for any man once he becomes accustomed, than being in a company where pleasant and useful things are being discussed; and thus every group, including the artisans, should have someone to write down any useful remarks that may be made. But the Society’s highest rule shall be to foster true love and trustfulness among its members, and not to express anything irritating, scornful, or insulting to others. Indeed, even rulers should eschew all insults unless nothing else is effective, since such behavior precludes the establishment of trust. No man shall be derided for a mistake, even if it be a serious one; rather, he should be gently admonished in a brotherly way, and at the same time, immediately and appropriately punished. Punishment shall consist in increased and heavier work, such as making a master work like a journeyman, or a journeyman like an apprentice.

My own philosophy is a mixture of what I discovered in my quest for knowledge throughout the years. I’m a Westphalian National Socialist and Georgist. By national socialism, I don’t mean Nazism / Hitlerism, but a philosophy completely divorced, purged of racist, supremacist ideology and imperialistic ambitions. One might also call it Christian Socialism, or Cooperative Individualism. The State has a fundamental role to look after the security and welfare of its citizens. Georgism is the philosophy that Land forms the Natural Commons, is not a commodity, and it should be taxed instead of labor, buildings, sales, and enterprise. And the Westphalian philosophy refers to a sisterhood of sovereign nation states, in which past transgressions and enmities are forgotten and forgiven in perpetuity, and each works for the benefit and dignity of the other: no nation prospers at the expense of another’s injury.

As economist and historian Michael Hudson points out, “To understand the crucifixion of Jesus is to understand it was his punishment for his economic views [crucifixion being a punishment reserved especially for political dissidents]. He was a threat to the creditors [rent-seekers and usurers].” Evangelical Christians are pro-war Zionists, pro-usury, pro-rent-seeking, and their loathsome, heretical ways don’t and cannot offer the meaning and structure craved by today’s demoralized masses. If religion cares not for the poor, it is useless and unable to steer Mankind toward a future worthy of pursuit. Without a holistic approach to one’s life, family, faith, community, and parent nation, the Great Adversary [an expression I use to anthropomorphize the forces of socio-economic and spiritual decay] will have permanent dominion upon this earth.

Why Alex Jones is a Fake Anti-Globalist

by Serban V.C. Enache

Disclaimer. I’ve never been a fan of paleoconservatism, and I’ve never held Alex Jones’ brand of journalism in high regard. That being said, he did do good things in his career, he did fight the so-called ‘good fight’ for a time; and I didn’t hold back to give him credit when he had good ideas. Like in the case of public utility social media; and I was opposed to him being deplatformed. Unfortunately, Jones’ channel has become a cesspool of hawkish intoxication. I’ve been watching his show up on Infowars for a good many weeks now, and I’ve made a personal, final assessment on the narrative he’s pushing.

I’ll make a list of points and, if readers disagree, they can watch or listen to Infowars to see that I’m not arguing a strawman or making stuff up. By the way, I love Gerald Celente’s segment on Infowars. He’s great.

Alex Jones says that Iran could have been permitted to have a nuclear bomb by now, if Iran didn’t threaten nuking people all the time. And Jones questions whether or not the first oil tanker incidents were false-flags. He is inclined to believe that Iran may have been behind them, because the Iranians “are crazy.”

Sometimes Jones makes funny voices to ridicule various people he dislikes. One of those voices he does sounds awfully close to Netanyahu’s. There’s nothing wrong with that, albeit it’s ironic, given the fact that Jones and Infowars have shilled so much for Israel and Netanyahu. Jones claims that the Rothschilds [and by implication the Globalists] want Netanyahu dead. As always, Jones finds the ‘enemy’ only on the Israeli left; because the Israeli ‘right’ are incapable of pulling off dishonorable deeds, no? Israel, under the Netanyahu administration, is selling technology, including military technology to China – to the “Chicoms” [Communist Chinese] as Jones calls them. Yet you won’t hear Jones mentioning this fact, let alone criticizing it. In fact, Jones will go out of his way to cut off callers or people he’s interviewing, if the dialog hints at putting the spotlight on Israeli meddling and crimes.

Alex Jones thinks the Palestinians are “invaders,” who are all about invading other people’s lands. He said that even those Palestinians who had their land taken away are invaders – and Jones said “quote” in the sense that they really weren’t push off the land [by American and European Jewish immigrants to Palestine]. What a travesty. So much bile, so much ignorance and manufacturing of history.

Alex Jones believes the Globalists have cornered the US, trapped it into an inevitable war with China. Last time I checked, there were no Chinese military units in proximity to US borders, land or sea. Rather, it’s the other way around. And he always demonizes China for what US secret services and US big tech are doing, not just in the US, but in foreign countries, including allied states. Jones is more concerned with a spy agent from another continent, than he is about the spy in his own country. As if Xi Jinping and the Communist Party of China were responsible for US companies deplatforming him. China is militarily encircled by the US, and Jones would have Americans believed the Chinese are an existential threat to the United States. Whether he realizes it or not, Jones is making the case for US hegemonic [imperialist] policy and wants it strengthened.

Alex Jones keeps pushing the “socialism kills” narrative, and often cites Venezuela as the perfect example of this; but just as you might expect, makes no mention of how US sanctions [levied by the Trump Administration two years ago, combined with Western European sanctions and confiscation of Venezuelan assets abroad] impact the daily lives of ordinary Venezuelans. If all the blame lies with Maduro’s party, why would you support sanctions against that country? It’s like seeing a handicapped person on the street, and then tripping him up to fall flat on his face and break his nose and teeth. Instead of condemning US-sponsored regime changes in South America and US-led economic warfare against these countries, Jones is silent as a snake. But then likes to complain about foreigners storming the border and lays all the blame on Soros propaganda outlets, enticing foreigners to come to the US, where they’ll be given free stuff. Isn’t Alex Jones and his ilk part of the problem on this issue? You know, the two sides of the same coin? The two wings of the same bird?

Alex Jones often puts up scenarios in which the [conservative] people in the US will rise up to overthrow the tyrannical Government. He’s made numerous statements, albeit of a theoretical nature, that someone has to intervene with a gun to stop what he deems an injustice. Infowars features written and audio-video material about a coming civil war in the United States, triggered by the leftists, the liberals, the communists… While Jones is clever enough to put disclaimers, “I’m not saying launch an offensive war,” his narrative ultimately radicalizes conservatives. He’s using the same tactics Antifa uses, and then blames Antifa for fomenting “terrorists” and “terrorism.” It is staunch hypocrisy and he can’t claim the moral high ground.

Alex Jones used to criticize the bubble economy; the economy that’s kept from tanking via “artificial” means. But now, since Trump’s in office, Jones is attacking others for making the same criticisms. Jones labels this as a conspiracy to kill confidence in the economy, to topple Trump. Jones claims that the age of fiat money is nearing its end, that crypto currencies will take its place, and that’s important for the US Government to channel fiat funding into the military sector primarily, for the inevitable battle with the Chicoms, lest the US be invaded and conquered. Alex Jones is cheering for Trump to engage in military keynesianism, despite the fact Trump has already engaged in it. It’s not enough according to Jones.

Alex Jones is pro-life. He thinks that the lives of children and of the unborn are sacred. Yet his fiscal conservative stance runs counter to his professed beliefs. What happens to the children of the poor? What happens to the children of those in the middle class, who weren’t poor when they had the children, but have become poor due to circumstances beyond their control? And food is just one part of the problem. What about housing? What about electricity and running water? What about health care? What about education? What about access to jobs and job security? Alex Jones has nothing on this front. His sympathy for children ends after they’re born. The “free market” will handle it from there. Meanwhile, the so-called free market is only free for rent-seekers, usurers, and cartels.

I don’t mind different ideologies as much as I mind ideological inconsistency. You can’t call yourself pro-life and be against the Welfare State. Call yourself what you are: a social darwinist. And since Jones likes to invoke Adolf Hitler and the Nazis all the time in his dialogues and monologues – I clue him in on Nazi socio-economic policy. The Nazis, even though they practiced eugenics, they had full employment and welfare policies in place. The Nazis would have discarded individuals based on their genetic value, not based on their economic condition like Alex Jones. He’s the typical conservative fraudster. Unlimited Government money for the military. Little or no Government money for the civilian economy. In his view, the former is capitalistic, free-market, and patriotic; the latter is socialistic, communistic, and treasonous.

At the beginning of the month, Jones had someone on his show, who hinted at a secret liberal conspiracy between Pope Francis and Vladimir Putin. Jones didn’t cut him off, didn’t challenge him on that point in any way. The only times I’ve heard Jones commenting about Putin, at least recently, was on the submarine incident, hinting that there’s likely something sinister behind it – insert your preferred secret alien tech theories here…

In a most recent episode, a self-proclaimed right winger [not a republican] called in to suggest that Trump is a ruse. Jones cut him off immediately and talked over him like he had a severe case of verbal diarrhea, then Jones pretended the caller had shut the phone on him. He’s so desperate, he won’t allow a critical POV on Trump whatsoever. Censoring your audience isn’t productive; it looks as though you have something to hide / fear.

I believe these points are enough to prove my case. Alex Jones is a false anti-Globalist. He doesn’t condemn US economic warfare, responsible for creating waves of migrants and refugees. He doesn’t condemn Israeli Apartheid policies toward the Palestinians – on the contrary, he squares all the blame on the Palestinians. His invectives for the neocons pale to insignificance when contrasted with the invectives used against the upstart ‘radical left.’ He’s a pathetic cheerleader of Netanyahu. Never attacks [Jewish] Zionism or Christian Zionism. In fact, Jones went so far as to justify and defend Jewish ethno-centric influence over US national and foreign affairs. But God forbid the Jew in question should be an anti-zionist. No, that would make that particular Jew a servant of the Globalists. Meanwhile, Trump’s using the US military in the interests of a foreign state, Israel, doing Netanyahu’s dirty work. But that doesn’t count as “globalism” in Jones’ book. You see, the Iranians, and the Iraqis, and the Libyans, and the Syrians, and the Afghans own all the liberal media outlets and Democrat politicians in the United States and formulate the country’s foreign policy and its domestic agenda [sarcasm]. That’s why Alex Jones is a despicable shill and propagandist for the other half, the other face of the Establishment. American exceptionalism is nothing without tanks, guns, bombs, and lies.

The Cure For Hyperinflation: Weimar and Venezuela

by Serban V.C. Enache

We frequently hear people bemoan the dreaded phenomenon of hyperinflation. We often hear only one explanation for it – the government printed money like crazy. We rarely hear the reasons behind the overuse of the currency press, which are: loss of output capacity [human and material] as a result of natural disasters or loss of a war, unfair war reparations, political instability, brazen corruption, the end of a fixed exchange rate with a strong currency. In this article I’ll focus on the cure for the phenomenon of hyperinflation – and this cure won’t entail brutal fiscal austerity that halts inflation by condemning much land and capital [buildings and machinery] to idleness and a great many souls to involuntary unemployment, poverty, and sickness.

The Weimar Republic. Background.

After WW1, life in Germany became hell. The political and economic burdens the creditors of the Versailles Treaty [Woodrow Wilson especially] imposed on the Germans created the conditions for the hyperinflation which soon followed. These impositions were highly unjust and impossible to meet. Meanwhile, the Ruhr Valley, Germany’s industrial heartland was occupied by the Allies. Workers responded to the occupation by organizing strikes. Crashing economic activity led to falling tax revenues and higher welfare payments. The Government, deprived of gold reserves and output capacity, had no choice but to print money to cover its costs plus the war reparations. Hyperinflation ensued. Farmers and manufacturers more and more refused to sell their output for the increasingly devalued Papiermark. This is the context of the phenomenon. Those interested in the facts will verify them, those interested solely in confirming their preconceived notions will dismiss them.

The Plan To Fix The Problem

Finance Minister Hans Luther, working together with Hjalmar Schacht [later head of the Central Bank], using Karl Helfferich’s idea of a currency backed by real goods, formulated a scheme to contain the rampant inflation of the Papiermark. In 1923, Berlin, the Rentenbank was created. The institution provided credit to agriculture, industry, and commerce.

The term “Rentenbank” stems from “annuity bonds”, fixed-income securities [bearer bonds] issued by the first pension banks during the 19th century. Since the Middle Ages the peasants were forced to provide easements to their landlords – various hand services and the like. In the early 19th century, though, agrarian reforms started in Prussia and other German states aimed to disband these obligations. The effort initially failed owing to a lack of a proper credit system.

To accelerate the agrarian reforms, pension banks were established as state-owned mortgage banks. They gave state-guaranteed, freely tradable and fixed-rate bonds (annuities) as money compensation for the expired privilege of the landlords. On the other hand, the peasants paid fixed income to the pension funds over a long period of time, from which the banks were able to service the principal and interest on the bonds. These reforms and the liberation of the peasants gained traction and agricultural productivity rose dramatically.

Enter the Rentenmark

Returning to the 1920s, November 1923 to be precise, the Rentenbank issued its own currency, the Rentenmark, which was covered by mortgages on the grounds of holdings. Total amount of mortgages and land imposts was valued at over 3.2 billion gold-marks. The Act creating the Rentenmark ensured twice yearly payments on property, due in April and October. In return for the real estate, Rentenbank issued interest-bearing bonds with a value of over 500 gold marks or a multiple thereof. The exchange rate between the Rentenmark and the Papiermark was set at 1:1 trillion, and with the US Dollar at 4.2:1.

The Rentenmark didn’t have legal tender status, so there was no legal obligation for private agents to accept it as a means of payment, however, all public institutions had to accept it. Even without legal tender status, the citizens embraced it right away. The Rentenmark’s value was relatively stable, while its quantity remained fixed, Shacht insisted on it. On August 30th, 1924, the newly-introduced Reichsmark became legal tender and was given equal value to the Rentenmark. It’s very important to note that this exchange rate was applied to two fiat currencies over which the Government had power of authority. It retained the right to alter the exchange rate if it wanted or needed to. The issued Rentenmark nominal remained in circulation up until 1948.

Tight Money Policy

In charge of the Central Bank, Hjalmar Schacht implemented a tight monetary policy, the institution ceased discounting Papiermark bills and, despite political pressures, he kept the volume of Rentenmarks strictly limited. As for fiscal policy, Finance Minister Hans Luther went on the austerity route, the correct choice given the circumstances. He brought forward due dates for taxes, increased prepayments of assessed taxes, raised the sales tax, and readjusted the fiscal burden between the regional governments [Lands] and the Reich [the Central Government]. Spending-wise, Luther shrank the number of Reich bureaucrats by a quarter over four months, froze bonuses and reduced their wages. These measures accompanying the issuance of the ‘land-backed’ Rentenmark succeeded; hyperinflation was brought to an end immediately. People spoke of the ‘miracle of the pension mark.’

Between 1926 and 1929 inflation hovered below 2 percent. In the early 30s, however, in reply to the Great Depression, the Government of Heinrich Bruning imposed harsh austerity measures needlessly [tightening credit, cutting wages, cutting public assistance, and increasing taxes], which exploded unemployment and poverty levels in the country and, in the process, made the once marginal Nazis incredibly popular with the people. The National Socialists opposed Bruning’s Government from the beginning, unlike the other right wing parties. Bruning and his policies became widely hated.

See the graph below.

The reader will rightly ask, why did fiscal austerity work for Schacht and Luther, but not for Bruning’s Government? Schacht and Luther applied counter-cyclical fiscal and monetary policy, while Bruning applied pro-cyclical policy. Excess demand relative to supply is eliminated via taxation [draining income from the private sector]. But during the Great Depression, there was too little demand relative to what was actually on the shelves. Bruning’s reforms collapsed aggregate demand levels even further.

Thoughts On Venezuela

The geopolitical aspect is very important, for it can greatly amplify minor or general problems very fast [See Turkey], or it can spark them. The State Central Bank’s dollars in non-cash form reside in accounts at the Federal Reserve, which are beyond Maduro’s control. The Government can’t access these funds. Recently, the US and the UK stole Venezuelan oil and bank assets worth about 30 billion dollars. More so, the US has imposed an outright embargo against Venezuela [trade sanctions levied since 2013 got harsher and harsher, depriving the country of hundreds of billions of dollars in economic activity]. Lastly, belligerent statements coming from Europe and Latin America [Brazil and Colombia especially] and Washington threatening with ‘all options on the table,’ which includes assassination, sabotage, coup, and invasion.

Footage from supermarkets in the capital, stores filled with produce, reveal that a shortage of goods isn’t the problem, but high prices. If it’s true that Maduro’s Government kept public spending high without re-adjusting it to falling prices of crude, then his policy is a key contributor to the bolivar’s dramatically reduced purchasing power. Currency pegs and indexation of wages and pensions with anticipated inflation feed the vicious loop. The Venezuelan Government announced that it’s accepting payments in Euros. In my opinion, this is a big mistake, because the ECB can pull the same stunt on Venezuela that the FED pulled. Maduro is much better off negotiating an entry into the Petro-Yuan with Beijing. Why? You can purchase virtually anything from China. China has made numerous investments across the developing world without asking for political concessions in exchange, in stark contrast to the likes of the IMF. Beijing doesn’t seek regime change or privatizations in exchange for its money. It does business with whoever is interested and it offers advantageous rates too. Trade-wise the Chinese are interested in two things: securing raw material imports and securing demand for their factories. It’s a win-win for both sides.

In my opinion, Venezuela will become Syria 2.0, because there’s no sign that Washington is going to accept any other outcome. The satanic crowd around Trump, the Deep State, and their servants in the corporate media are all pushing the same old hypocritical, war-mongering narrative. They spew it as if it’s a new dish too, not the same rotten thing, teeming with slime and worms. And before we blame it all on the Republicans, remember that 85 percent of journalists in the US are registered Democrats. Since this issue is bipartisan, we know it’s outright devilry. Bolton, Pence, Trump, and the rest – they want to cover up their failure to dismember Syria and Iran by picking on Venezuela, a more vulnerable target closer to home.

If I were in Maduro’s shoes, I’d escalate things ahead of my rivals. I would invite in Russian and Chinese troops and war-gear. Washington doesn’t like to cooperate or negotiate with sovereign regimes. For many decades now, the logic has been, you do as we say, otherwise we treat you as a rogue state. Against a rival who doesn’t wish to bargain and who has threatened [euphemistically or not] violence and murder, you’ve no choice but to take all measures required. Maduro has to choose the 2nd most extreme of defence options [2nd only to the preemptive strike, which doesn’t apply here] because in this context, it’s the wisest step.

If mainstream commentators are fine with US gangsterism, with countries purchasing protection from Washington and the Military Industrial Complex, then they should be fine with Venezuela purchasing protection from Russia and China. They can’t oppose it without being hypocrites and without being Monroe Doctrine apologists, defenders of imperialism, oppression, and mass-murder; not that that’s gonna stop them. Let’s not be naive, US hegemony is shaking. The 2nd Cold War is on.

Update on Venezuela: a report by CEPR finds that US sanctions against Venezuela, started by Trump in 2017, are responsible for tens of thousands of deaths.

So What’s The Cure, Dammit?

The recipe for a return to price stability is contingent on the factors which spawned the instability. This list of measures will hopefully cover all eventualities: 1) Counter-cyclical fiscal policy [drain excess money in circulation via taxation, while cutting superfluous spending.] 2) Land-value capture to replace taxation of buildings, labor, sales, and enterprise [taxing natural monopolies, the rent of location; the site-value tax carries negative dead weight – it brings efficiency to the marketplace]. 3) Buffer stock policies [the public authority buys seminal commodities during periods of excess production and sells these commodities domestically during times of dearth]. 4) Allow the national currency to float freely according to demand [drop any fixed exchange rate, whether it’s to gold or foreign currencies, and embrace a sovereign fiat regime]. 5) Negotiate with rival political factions to settle differences and produce a national accord that appeases all sides to a reasonable extent. 6) Ration basic resources to ensure no section of the population starves [hands and minds are precious and must be kept alive and functional to create goods and services for another day; there’s no sense in killing off one section of the population to feed another extra rations]. 7) Bring in a second or third great power in your region, in order to decrease the bargaining power of the established one/s and strengthen your own position in the process. 8) Link up the country’s regions through a comprehensive system of infrastructure, high speed rail especially [the points of resource extraction with the manufacturing centers, the latter with the marketplaces]. 9) Restrict bank lending for speculative purposes [do not permit banks to accept financial assets as collateral for loans, or to mark their assets to market prices.] 10) Discourage private and public agents from borrowing in foreign currency [always ensure loans in domestic currency are cheaper than in foreign currency; never subsidize the latter type of loans]. 11) Employ all available labor to achieve maximum output [Depending on the situation, participation in public works programs would be mandatory or voluntary. In case of emergency, working hours could be increased and holidays decreased.] 12) Don’t lose a war [or better said, don’t lose peace negotiations concerning your fate]. 13) War Bonds [While the role of War Bonds is to allegedly fund a war, in practice what they do is drain liquidity from those who purchase them. They can be denominated in foreign currency, domestic currency, or both. That being said, liquid or illiquid purchasing power is still purchasing power. People can still purchase things on credit, contingent on their own financial situation. War Bonds may have a psychological effect on the populace, reminding households that they must tighten their belts, deferring consumption to the future, so more supplies can be allocated to the troops in the now. The promise is that, after the war is won, bond holders get paid at a profit. 14) Retiring the currency and replacing it with another [Brazil did it several times in the last 77 years; the Government announces taxes and fines payable in a different currency. This method involves burning away people’s cash savings. To escape hyperinflation, Zimbabwe gave several foreign currencies legal tender status.]

Oswald Mosley, a founder of MMT?

by Serban V.C. Enache

I will let the readers decide.

Here are Mosley’s Birmingham Proposals (1925, back when he was part of the Labour Party), quoted in his book, My Life (pp. 188-189); Black House Publishing Ltd. Kindle Edition. Continue reading “Oswald Mosley, a founder of MMT?”

Historical and Socialist Views on Immigration

Socialism is NOT Liberalism

by Serban V.C. Enache

In the past, I wrote about open immigration policy being a boon to capital. It’s important to consider both sides of the balance sheet: one country is gaining people, another is losing people. Naive liberals will claim that immigration is great to have in any and all circumstances. Narrow-minded conservatives will argue that immigration is a bane on a country’s health and security. I will completely disregard such delusional thinking, and instead offer what I believe to be a balanced perspective, one that takes into account circumstances – moderation and prudence always being good tenets to follow. Continue reading “Historical and Socialist Views on Immigration”