Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

BIG TECH CRASH THREATENS TO WIPE OUT AMERICAN AND WORLD ECONOMIES

by Brett Stevens

We have known for some time that Big Tech is going down, and that like the last two crashes, it will take down the economy with it.

The first dot-com crash came right after the 1990s ended when people figured out that all this gee-whiz stuff did not actually sell products. The next kaboom came just after mobile internet came about, and was somewhat obscured by the larger financial crisis that it exacerbated. The next crash will rip out even more of our economy.

SAVINGS – NOT TARIFFS WILL MAKE AMERICA GREAT AGAIN

by Antonius Aquinas

While the farcical Kavanaugh confirmation hearings dominated the news cycle for the past couple of weeks, little mention was made of a disturbing economic headline – the August US trade deficit. Despite all the bluster from the Trump Administration about “winning trade wars” and “trade wars are easy,” America’s trade imbalances for August were the highest ever and its deficit with its most contentious partner – China – reached an all-time high.

THE FED'S "INFLATION TARGET" IS IMPOVERISHING AMERICAN WORKERS

by Antonius Aquinas

At one time, the Federal Reserve’s sole mandate was to maintain stable prices and to “fight inflation.” To the Fed, the financial press, and most everyone else “inflation” means rising prices instead of its original and true definition as an increase in the money supply. Rising prices are a consequence – a very painful consequence – of money printing.

THE CENTIPEDE ECONOMY

Our incredible shit-in-shit-out, centipede economy.

TRANSITIONING FROM A DEMAND-

 TO A SUPPLY-BASED SYSTEM


by Brett Stevens

Leftism causes consumerism because when you subsidize the least capable, you get buying patterns that emphasize the trivial, disposable, novelty, and lowest common denominator types of products. For years the West has kept itself afloat by taxing the middle class so that the perma-poor can buy iPhones, increasing the value of that Apple stock, and thus making the middle class get more rich.

THE USA IS BECOMING LATIN AMERICA IN CLASS RELATIONS


It’s interesting how the US is developing a class system similar to Latin America. I don’t think the reasons for this can be traced to a singular cause. It probably has several dozen causes.

It’s also interesting how all the different political factions have their proposed ideal solutions. Liberals and social democrats want a more progressive tax code and a larger welfare state. Nationalists want restricted immigration and high tariffs. An-caps want to abolish central banking. Conservatives want to abolish welfare to the inner city. Libertarians want to reduce taxes and regulation. The far Left wants some kind of socialist revolution. Probably none of those by themselves would produce the results they want even if a general political and popular consensus for their implementation could be developed, which is unlikely given the ongoing fragmentation and polarization of US political culture.

THE ULTIMATE REGULATORY REFORM: ABOLISH FRACTIONAL RESERVE BANKING


The Trump Administration has presented the first part of its plan to overhaul a number of Wall Street financial regulations. Many of these were enacted in the wake of the 2008 financial crisis. The administration's proposals are included in a report released by the U.S. Department of the Treasury the entitled "A Financial System That Creates Economic Opportunities" (6th June, 2017).

The report was prompted by Executive Order 13772. This ordered the US Treasury Department to examine the United States’ financial regulatory system and detail "executive actions and regulatory changes that can be immediately undertaken to provide much-needed relief."

TRUMP IS AN ECONOMIC IGNORAMUS!


Not surprisingly, Donald Trump has followed in the infamous footsteps of his presidential predecessors in the transition from candidate to chief executive. Invariably, every candidate for the presidency makes a whole host of promises, the vast majority of which are horrible and typically only exacerbate the problems they attempt to resolve. Among the proposals, however, there is an occasional bright spot. Yet, once elected the stupid polices are eagerly pursued while the good ones are quickly discarded.

THE PROBLEM AS SOLUTION

The sight of blood is a well-known economic driver


 Berlin and the "Quantum Economics"
of a Semi-Islamized Europe


by Colin Liddell

After each terrorist outrage, like the recent Muslim twist on German Xmas, we see the usual social, cultural, and political repair mechanisms kick in. The Establishment is the Management, and the Management think they can manage things. After all, they have all the resources, from the mass media and the financial system to the security and surveillance services, at their command. All they seem to lack is a coherent view of how the World works and what's round the next few corners. Their guiding principle seems to be The Blind Leading the Blind. But is it?

Right now, the media is doing its job of muddying the waters with its various narratives and talking points; steam is being released, pressures dissipated. The whole lovely mess is being framed in a hegemonic holding pattern of tolerance and atomized NAXALT individualism. After all Xmas is all about "Love" isn't it, and we wouldn't want to return to the dark old days of the 1930s, would we? Go on, light another candle, put it next to a flower, and say an atheistic little prayer to go with your mindless thought. You'll feel better for it.

VIDEO: TRUMP, HILLARY, AND PUTIN—THE GEOPOLITICS OF THE U.S. ELECTION


Alternative Right Chief Editor, Colin Liddell, on the economic and geopolitical factors behind Trump and Hillary, and how the latter's globalist agenda could lead to a serious clash with Russia, which has its own agenda in the Middle East.

DONALD AND THE TWILIGHT OF THE "MAESTRO"


Former Federal Reserve Chairman Alan Greenspan, who was once laudably referred to as the "Maestro" for his supposed astute stewardship of U.S. monetary policy, commented last week on the nation’s current political and economic climate:
"We’re not in a stable equilibrium. I hope we can all find a way out because this too great a country to be undermined, by how should I say it, crazies."
Well, if there is anyone who knows how to "undermine" an economy, it is the "Maestro," since it was his "crazed" policies that brought about the 2008 financial crisis which ushered in the Great Recession that continues to this very day.

A NORMIE’S GUIDE TO THE ALT-RIGHT

Welcome to your new reality, Normies.

by Colin Liddell

How tedious! Apparently Hillary Clinton, in a desperate attempt to deflect attention from her shit health and crap policies, is going to deliver a pus-filled speech attacking the Alt-Right and attempting to link us to Donald Trump. Although the speech will be turgid and full of laughable errors, it will nevertheless be boosted by the flailing energies of the zombie mainstream media, and thus become – albeit temporarily – quite a big deal.

She will probably refer to sites like Breitbart (and its enfant terrible Milo Yiannopoulis) to establish a link to Trump, as well as The Daily Stormer, TRS, and The Daily Shoah, because their hilarious "stormfagging," shorn of its context, humour and irony, provides the "scary racism" that she needs to adorn her narrative.

The speech will bring wider attention to the whole Alt-Right, and as the name-bearer of the movement, our site should see an uptick in concerned or curious "normie" traffic. So, with that in mind here is a quick, dumbed-down guide to the Alt-Right for the uninitiated.

What is the Alt-Right?

Most of you normies probably understand politics through the GOP vs. Democrats or Conservatives vs. Liberal models. That is understandable, as that is all the mainstream media tends to focus on if they can get away with it. The Alt-Right rejects this simple binary form of politics for the following reasons:
(i) It is a false dichotomy
(ii) It ignores the metapolitical dimension
(iii) It embeds false premises in the political debate
Point (i) means that the two parties/political tendencies are not distinct or really opposed. Before Trump (and, to a lesser extent, Bernie Sanders) upset the apple cart, the two parties operated as an effective duopoly.

Slightly flawed meme

Both were essentially open borders, globalist parties, who held that ethnic and racial identitarianism (especially by Whites) was the capital sin. Both were agents of an economic system founded on exporting American debt and importing foreign unemployment. To do this they had to (a) destroy American jobs and (b) increase the public spending deficit to the point where debt creation soared. Both parties cooperated in this endeavour. The GOP enabled US investors to outsource production by lowering American tariffs, while the Dems made it more difficult to do skilled manufacturing at home (welfarism, minimum wage, affirmative action hiring, feminizing the workplace, etc.). The Dems boosted public spending while the GOP cut taxes, etc.

Point (ii) means that politics is not just limited to economics, but also involves cultural and philosophical dimensions. While, economically, the Dems and GOP have worked hand-in-glove on behalf of a poisonous globalism, there are differences between the supporters of the two parties regarding social and moral matters. Unfortunately for social conservatives, the Left entirely dominates the metapolitical realm in America, through its control of Hollywood, the media, and academia. This means that social conservatives have to put up with one Leftist advance after another. US conservatives appear not even to be aware of the metapolitical realm, let alone contest it. Hence they are forever outflanked by the Left.

Point (iii) means that the conventional political discourse accepts un-examined premises – points which are never properly debated because doing so is stigmatized as being evil and "literally Hitler." These premises, many of which are self-evidently false, are therefore "accepted" by both sides. These false premises are enforced by metapolitical means and through the tyranny of political correctness and Leftist control of the media. They include the following:
  • All races are equal and interchangeable
  • Racial difference is only skin deep
  • Equality is a good thing
  • Equalizing outcomes between races is a good thing
  • Diversity is a good thing
  • America is a "proposition nation" (and must accept new members even if they don't agree with the propositions)
  • Men and women should be equal and treated the same in all things
  • Gays and straights should be equal and treated the same in all things
  • Nationalism is bad and leads to wars
  • Globalism is good and leads to peace
  • The Holocaust was uniquely evil and was caused by nationalism
  • Slavery was uniquely evil
  • Segregation is uniquely evil
  • The economy must always grow
  • Religion is a purely private matter
  • Jewish power is not a thing (unless you claim it is)
Etc., etc. While some of these premises are still contended to some degree, the tendency is for them all to be enshrined against attack. You may secretly agree or disagree with these premises, but under the present system just questioning them, means that you will be demonized as "evil." Conservativism, with no metapolitical defences, is thus forced to go along with them. This weakness and deficiency is what called the Alt-Right into being.

Why is the Alt-Right?

As we see above, the Alt-Right is a movement founded on the need to reject the false political dichotomy that favours an increasingly Leftist and globalist world. But why should we be so opposed to this? The reason is quite simple: Leftist globalism is sick and degenerative, both in demographic and economic terms, and any individual or group that deems itself healthy – or which at least values health – must reject it.

Leftist globalism can only exist thanks to modernity and the power of technology. The more technologically backward or economically underprivileged areas are, the more they are forced to resort to traditional, localist, and hierarchical modes of existence, in order to survive. This is why Leftist globalism only exists in the West. But even with all its advantages, Leftist globalism is degenerative. We see this in the West, where the core populations are failing to reproduce and are thus in the process of being replaced by incomers from societies that are more technologically backward and economically underprivileged.

Migrants charging their smartphones
at a railway station in Budapest.
Because of the unexamined premise that "all races are equal and interchangeable," the Left does not see this as a problem, and thinks that the incomers will change and fully assimilate. The irony of course is that if they do, then they will suffer from the same inability to reproduce as the indigenous Westerners they are replacing, leading to a repetition of the cycle.

Ultimately, even by Leftist logic, the West – under Leftist Globalism – will forever be parasitical on non-Western populations to sustain itself.

Economically, Leftist Globalism leads to dysfunctional interdependence and power imbalances. I have already mentioned that America exports debt to countries such as China and Japan, which in return export their unemployment (in the form of manufactured goods) to America. The effect of this is that America has to absorb this unemployment through increasing social dysfunction. This takes the following forms:
  1. racial grievances
  2. high crime and counter crime
  3. mass incarceration
  4. unemployment
  5. inefficiency
  6. fake jobs and professions
  7. prolonged "education"
An interesting case in point is America’s Black population. Up to 1971, when America created the global debt system, by abandoning the gold standard, the country exported more or less what it imported. It had to. The fiat system allowed it to start exporting debt, a negative. But economics has its own karma. To balance this, it also had to import a negative. That was unemployment. This became apparent in the 70s and 80s when Japanese goods started to flood the American market.

But while Asian – and to a lesser extent – European export economies could store American debt conveniently in bank accounts and ledgers, unemployment has to be stored socially – i.e. in the lives of the people. To achieve this America needed to achieve levels of extreme social dysfunction. One means of achieving this was racial grievance – epitomized in the collapse of American cities like Detroit – a process which started to accelerate around this time.

Unemployment storage device.

The growing social alienation of the Black underclass, expressed in the removal of coercion through social discipline (aka Civil Rights and "desegregation"), and resulting in high unemployment and crime, created vast reservoirs of "unemployment storage," both in terms of actual unemployment and mass incarceration, but also in terms of the creation of essentially fake jobs like prison warders, security guards, social workers, legal operatives, etc., that would not be required in a healthy society.

Other forms of unemployment storage were a massive expansion of the educational system, which is basically a nice, pleasant form of unemployment storage for middle class people, and the continuation and expansion of a Cold War military establishment, which can basically be envisaged as unemployment storage for rural and urban White working class people.

The tendency of Leftist Globalism is to increase this system of debt for unemployment resulting in social dysfunction, leading to America becoming an increasingly pampered parasite on a global economy, where the real jobs – and eventually the real power – go elsewhere.

Those in the Alt-Right, to various degrees, realize how the present system multiplies weakness and dysfunction, especially in the West, and, as a healthy response, are motivated to oppose it with a burning and fanatical zeal.

Who is the Alt-Right?

WHO IS THE ALT-RIGHT?

The Alt-Right is both message and medium, both substance and form. 

Those inspired by it gravitate to different aspects of it, and participate with different levels of consciousness and involvement. 

Part of this is because we are a heretical movement, which the establishment fears and attacks. But they never attack us on the level of ideas. Instead we are attacked on the personal, social, and professional level. The Alt-Right is thus divided into the doxxed and the undoxxed, reflecting our opponents' inability to defeat our ideas. 

As medium or form, the Alt-Right has been an aspect of the internet and social media. Many of its operatives have been anonymous individuals – the undoxxed – operating through memes, trolling, shitposting, tweets, and other forms or expression. The attitude is ironic, intuitive, edgy, and shocking.

As message or substance, the Alt-Right is a collection of ideas, moral positions, and insights into the World that, like any ideology, has to justify itself by its inherent tonality and consistency. Here it is tied to a number of thinkers and writers – the doxxed – who are not anonymous, who publish books, have names, and maintain a steady stream of ever-improving content. The attitude is clear, rational, precise, and understated. 

Because of the opposition we face, the Alt-Right has assumed this "bimorphic" nature, existing on dual levels of meaning, truth, and form, but centred around an unassailable ideological core, built on absolute truths. This is a complete inversion of Marxism's own dialectical bimorphism, with a totalitarian world view centred around a core of dialectical uncertainty and lies. 

In contrast to their dead bimorphism, ours generates vitality, fertility, creativity, and energy. It is dialectical in formalistic terms rather than ideological. This also fuels the noticeable infighting in our movement, among those who agree with each other on the deepest aspects.

But it would be wrong to see this as weakness. 

While infighting in static, "unimorphic" movements is a sign of weakness, in a bimorphic movement like our own, it generates a positive energy that constantly renews and improves the movement. This is why our victory is inevitable.


Connected Content:
The Alt-Right Conquers the Universe 
The Intellectual Vacuity of the Old Right
Trump, Hillary, & the Alt Right
1488 is the Gateway Drug to the Alt-Right, not the Other Way Round
The Alt-Right and the Dialectic of "Hyperrealisty"
The Lady from the New York Times
The Role of Trolling

Talkin' Pepe
Racism and Sexism Viewed as Aritotlean Virtues


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CONSERVATISM INC'S LAST STAND

Conservatism Inc notices something hurtling towards it.
by Bay Area Guy

Lately, I stumbled upon an article on a site called The Federalist which—if the countless comments are any indication—is a popular purveyor of mainstream conservatism. Along with attacking Dota's old post on National Capitalism, this tirade of an article trots out all the hackneyed Conservatism 101 talking points. In order to illustrate the increasing irrelevancy of Conservatism Inc's platitudes, I'm going to go through this post bit by bit.

BRUSSELS AND THE QUANTUM MECHANICS OF THE NEW DIVIDED EUROPE

Brussels: energy from atomization.
by Colin Liddell

The Establishment is the Management, and the Management think they can manage things. After all, they have plenty of resources at their command, from the mass media and the financial system to the security services. All they lack really is a coherent view of how the World works and what's round the corner, as their guiding principle has always been The Blind Leading the Blind.

So, how are things working out?

Brussels, which came a few months – or was it weeks? – after Paris was pretty bad. We can expect tourist numbers to dip for a while. But the Management is not overly concerned.

THE ALT RIGHT, ECONOMICS, AND AN ALTERNATIVE THEORY OF WHITE DISUNITY



One of my perennial critiques of the Alternative Right is that alt righters do not focus enough on economic issues. Given that monied interests play a huge role in the cultural erosion of the West, this is rather troubling – and puzzling. What's even more puzzling, and pleasantly surprising, is that certain left-leaning thinkers have provided us with the analytical tools necessary to demolish neoliberal myths.

THE RADICAL CENTRE

Pat Buchanan and Ralph Nader.


During my first interview with Robert Stark, Robert and I concurred that the best ideological platform would be an eclectic mix of Pat Buchanan and Ralph Nader’s beliefs. We further discussed this stance when hanging out in SF, and Robert even requested that I dedicate a post to this issue. On account of the presidential campaign heating up, I figure that now is as good a time as any to honor his request and expand on this topic.

PODCAST 36: TRANS PACIFIC PARTNERSHIP - GLOBALISM'S LAST GRASP?

One of Donald Trump's campaign claims is that he would make much better deals for America. Colin and Andy are joined by Alt-Right contributors Siryako Akda (Philippines) and Daniel Spaulding (Korea) to look at America's latest deal – the Transpacific Partnership, a major new trade treaty that aims to lower tariffs and impose common standards on a culturally diverse group of nations.


NATIONAL CAPITALISM – A THIRD ALTERNATIVE?


by Dota

We on the Alternative Right share a peculiar aversion of economics. We seldom discuss it, preferring instead to focus our energies on matters pertaining to culture and politics. Nevertheless, Bay Area Guy and I have long maintained that social and cultural stability are not sustainable without economic prosperity. Neo-Liberalism (global capitalism) and Communism have one thing in common – they are both essentially internationalist ideologies. Neither Communists nor Neo Liberals possess one iota of loyalty to their nations. Where we see nations, Neo-Libs see markets. Where we see people, they see labour pools.

PODCAST 33: THE GREEK CRISIS & THE CHINESE BUBBLE

With last-minute attempts being made to keep Greece in the Euro and China facing a serious stock market crash, Colin Liddell is joined by Alt-Right's man in the Philippines, Siryako Akda, to discuss the turbulent state of the global economy. Issues raised include the rise of the EU's "invisble empire," the "liquidity killing" tendencies of parsimonious Orientals, and whether global capitalism has finally run out of road. Is the World getting ready for an autarkic Winter, and if so will liberal leftism be the first luxury chucked overboard?




THE GREEK CRISIS: AN INSIDE VIEW

Nothing has been decided, yet (Angela is still thinking). 


The referendum in Greece stunned most of the Greek media who did not expect a landslide victory for the “No” side. After one week of capital controls, with banks not opening and long queues at the ATMs to extract a daily allowance of 60 Euros, many thought that the result would be much, much closer. But despite these measures, which, it was thought, would promote caution among voters, the “No” vote apparently soared in the last few days. Now, a lot of people think that it was exactly this kind of pressure that made many Greeks swing to the “No” side.