FTR #984 Fascism: 2017 European Tour

We begin our tour by exam­in­ing overt­ly fas­cist ele­ments in the gov­ern­ing Bul­gar­i­an coali­tion of Boyko Borisov, evoca­tive of Bul­gar­i­a’s past as an ally of Nazi Ger­many in World War II. ” . . . May 17, Pavel Tenev, Min­is­ter of Region­al Devel­op­ment, at the time, was forced to resign, after pub­li­ca­tion of a pho­to, show­ing him with his right arm extend­ed in a Nazi salute, stand­ing in front of a wax fig­ure of a Nazi offi­cer in Paris’ Musée Grévin. May 19, anoth­er pho­to was pub­lished on the inter­net, show­ing the fresh­ly appoint­ed depart­ment direc­tor in the Min­istry of Defense, Ivo Antonov, also giv­ing the Nazi salute in front of a Sec­ond World War tank of the Wehrma­cht. . . .”

Oth­er coali­tion part­ners have made dis­parag­ing remarks about Roma (“gyp­sies”) and Jews. Worth not­ing that Borisov’s selec­tion of coali­tion part­ners: ” . . . .Fol­low­ing the recent March 26, par­lia­men­tary elec­tions, Borisov, the win­ner of the elec­tions (his GERB with 32.7 per­cent), did not begin nego­ti­a­tions for a gov­ern­ment coali­tion with the Bul­gar­i­an Social­ist Par­ty (27.2 per­cent) or with the Move­ment for Rights and Free­doms (9 per­cent) rep­re­sent­ing the Turk­ish-speak­ing minor­i­ty, but rather with the Unit­ed Patri­ots (9.1 per­cent). The Unit­ed Patri­ots is an alliance of three extreme right-wing par­ties. . . .”

In recent weeks, the strug­gle over the poten­tial seces­sion of Cat­alo­nia from Spain has gar­nered con­sid­er­able atten­tion

That strug­gle is framed against a larg­er polit­i­cal dynam­ic embrac­ing advo­ca­cy of the elim­i­na­tion of for­mal nation­al bor­ders in Europe in favor of “region­al­ist plans.” Just such region­al­ist advo­ca­cy was the focal point of a promi­nent arti­cle (with accom­pa­ny­ing maps of the pro­ject­ed realign­ment) in Die Zeit, a major Ger­man week­ly.

Region­al­ist advo­ca­cy has a sig­nif­i­cant past, with the ear­ly post­war CIA and Allen Dulles hav­ing embraced such a dynam­ic. ” . . . . the fed­er­al­ists had ini­tial­ly been sup­port­ed and con­trolled by the CIA pre­de­ces­sor, the Office of Strate­gic Ser­vices (OSS) and [one of its top spies] Alan Dulles, resid­ing in Bern, and lat­er by the CIA itself. . . .”

In addi­tion, the region­al­ist dyanam­ic enjoyed the sup­port of long-time Ger­man finance min­is­ter Wolf­gang Schauble, whose advo­ca­cy and imple­men­ta­tion of bru­tal fis­cal aus­ter­i­ty helped beg­gar much of the EU, includ­ing Spain, fol­low­ing the finan­cial cri­sis of 2008. ” . . . . Wolf­gang Schäu­ble, as Pres­i­dent of the Asso­ci­a­tion of Euro­pean Bor­der Regions (AEBR) in the ear­ly 1980’s, was also pro­mot­ing region­al­ist plans. Inspired by for­mer Nazi func­tionar­ies, the AEBR crit­i­cized the ‘nation-state’s bar­ri­er effect’ of bor­ders in the inter­ests of large cor­po­ra­tions. . . . For­mer Nazi func­tionar­ies were active­ly par­tic­i­pat­ing both on the AEBR’s com­mit­tees and in the imme­di­ate entourage of its plan­ning of the ‘region­al­iza­tion’ of the bor­der regions, includ­ing Gerd Jans, the for­mer mem­ber of the Waf­fen SS in the Nether­lands, Kon­rad Mey­er, respon­si­ble for the Naz­i’s ‘Gen­er­alplan Ost,’ Her­mann Josef Abs, of the Deutsche Bank, as well as Alfred Toepfer, described by the pub­li­cist Hans-Rüdi­ger Minow as ‘infa­mous for his bor­der sub­ver­sion of France’s Alsace.’ In an exten­sive study, Minow describes the con­ti­nu­ities of the Naz­i’s con­cepts. . . .”

Despite an ini­tial impres­sion of “region­al­ism” that many might see as alien, The Schauble/AEBR/regionalism dyan­mic ide­ol­o­gy may be seen as some­thing of a sub­sidiary ele­ment of glob­al­iza­tion. ” . . . .  .In 1979, Schäu­ble became pres­i­dent of the Asso­ci­a­tion of Euro­pean Bor­der Regions (AEBR), an orga­ni­za­tion with the objec­tive of down­grad­ing the sig­nif­i­cance of bor­ders in Europe. Busi­ness inter­ests played an impor­tant role, which is why the AEBR could find reli­able sup­port­ers in indus­try. A ‘Euro­pean Char­ter on Bor­der and Cross-Bor­der Regions,’ passed by the AEBR in 1981, stip­u­lat­ed that the ‘elim­i­na­tion of eco­nom­ic and infra­struc­tur­al bar­ri­ers’ must urgent­ly be pur­sued. . . .”

The imple­men­ta­tion of region­al­iza­tion would facil­i­tate Ger­man dom­i­na­tion of Europe, which has met resis­tance from poor­er EU and EMU coun­tries over the aus­ter­i­ty doc­trine favored by Wolf­gang Schauble. ” . . . . Eco­nom­ic maps by the EU’s Euro­stat sta­tis­tics admin­is­tra­tion show the regions where Europe’s wealth and, there­fore, Europe’s eco­nom­ic pow­er is con­cen­trat­ed, a block with its cen­ters in south­ern and cen­tral Ger­many, to the west, in Flan­ders and spread­ing to seg­ments of the Nether­lands, and to the South to parts of Aus­tria and North­ern Italy and in var­i­ous sep­a­rate regions of West­ern and North­ern Europe. A num­ber of these regions main­tain close rela­tions to Ger­many, or to the Ger­man regions. (german-foreign-policy.com reported.[11]) This clear­ly Ger­man-dom­i­nat­ed block would hard­ly have any dif­fi­cul­ty con­trol­ling a ‘Europe of the Regions.’ . . . .”

Also worth not­ing is the fact that the Cat­alon­ian inde­pen­dence move­ment embraces a Cat­alon­ian iden­ti­ty that involves peo­ple from France, as well as Spain: ” . . . . The Cata­lan move­ment cur­rent­ly push­ing for seces­sion is in fact large­ly defin­ing itself eth­ni­cal­ly. The autonomous move­ment has been close­ly coop­er­at­ing with French cit­i­zens, who live out­side the Span­ish region of Cat­alo­nia, but also con­sid­er them­selves ‘eth­nic Cata­lans.’ At their ral­lies one can hear ‘Nei­ther France nor Spain! Only one coun­try, Cat­alo­nia!’ . . . .”

The two Twit­ter accounts that appear to account for near­ly a third of all Twit­ter traf­fic with the #Cat­alo­nia hash­tag, in ref­er­ence to the Cat­alon­ian seces­sion move­ment belong to Julian Assange and Edward Snow­den.

 Of more  than pass­ing inter­est, under the cir­cum­stances, is the Twit­ter effort by both Julian Assange and Edward Snow­den on behalf of Cat­alon­ian inde­pen­dence.

 As seen in many past pro­grams and posts, Snow­den and Assange are as far to the right as it is pos­si­ble to be.

 Their cyber­lib­er­tar­i­an activism and their sup­port for Cat­alon­ian inde­pen­dence is root­ed in anar­cho-lib­er­tar­i­an eco­nom­ic the­o­ry. See­ing the dis­so­lu­tion of nation­al gov­ern­ments as desir­able, their sup­port for the prin­ci­ple of seces­sion is root­ed in what Mus­soli­ni termed “cor­po­ratism.”

 Snow­den and Assange’s osten­si­bly “lib­er­at­ing” doc­trines, if put into effect, would leave cit­i­zen­ry  at the mer­cy of unfet­tered eco­nom­ic will, exer­cised by cor­po­ra­tions and their asso­ci­at­ed elites.

Snow­den specif­i­cal­ly appears to be advo­cat­ing that no seces­sion move­ment any­where ever can be reject­ed by the gov­ern­ment under the premise that self-deter­mi­na­tion is a human right, view­ing this as a “nat­ur­al law” issue.

In that con­text, the right to secede is cham­pi­oned by the Lib­er­tar­i­an far-right, all the way down to the right to indi­vid­u­als to secede from all gov­ern­ment. As this piece from Lib­er­tar­i­an David S. D’Amato demon­strates, extend­ing the right to secede down to the indi­vid­ual facil­i­tates the imple­men­ta­tion of an anar­cho-cap­i­tal­ist soci­ety with no gov­ern­ment at all, as seen by fig­ures like Mur­ray Roth­bard. This is envi­sioned as an excel­lent way­of achiev­ing an anar­cho-cap­i­tal­ist utopia.

The Snowden/Assange pro-seces­sion­ist move­ment should also be seen against the back­ground of the Neo-Con­fed­er­ate move­ment, cham­pi­oned by Ron Paul and the Lud­wig Von Mis­es Insti­tute.

 Fol­low­ing cap­ture of 13 per­cent of the vote in Germany’s fed­er­al elec­tions on Sun­day by the Alter­na­tive For Ger­many (AfD), Alexan­der Gauland, the AfD leader, pro­voked out­rage after sug­gest­ing that Ger­mans should no longer be reproached with the Nazi past.

This type of behav­ior appar­ent­ly moti­vat­ed AfD leader Frauke Petry to leave the par­ty, just hours after the elec­tion over its extrem­ism.

Pro­gram High­lights Include:

1.-Review of Dorothy Thomp­son’s 1941 arti­cle about what a Nazi vic­to­ry in Europe would look like–a sce­nario that bears con­sid­er­able resem­blance to the region­al­iza­tion plan dis­cussed above.
2.-Discussion of the poten­tial for­tunes of Aus­tri­a’s Free­dom Par­ty, formed in 1956 as a vehi­cle for the re-intro­duc­tion of Aus­tri­an Third Reich alum­ni into that nation’s polit­i­cal process.

FTR #983 Fascism, 2017 World Tour, Part 2

As the title indi­cates, this pro­gram exam­ines man­i­fes­ta­tions of fas­cism around the world.

In Europe, we ana­lyze:

1.-The reca­pit­u­la­tion of Nazi and fas­cist ele­ments in the cur­rent Bul­gar­i­an coali­tion gov­ern­ment of Boyko Borisov. (Bul­gar­ia was a Nazi ally in World War II.)
2.-The vital­i­ty of “regionalism”–a political/economic doc­trine that advo­cates the seces­sion of key pros­per­ous regions from nation states.
3.-Analysis of region­al­ism as an appli­ca­tion of glob­al­ist eco­nom­ic the­o­ry to Euorope.
4.-The his­to­ry of regionalism’s advoa­cy by Third Reich vet­er­an the­o­reti­cians.
5.-Edward Snow­den and Julian Assange’s sup­port for Cata­lan seces­sion from Spain.
6.-The suc­cess of the AfD in Ger­man elec­tions.
7.-AfD politi­cian Alexan­der Gauland’s state­ment that Ger­mans should be proud of what that country’s sol­diers accom­plished in World War II.
8.-The Aus­tri­an Free­dom Party’s pro­ject­ed suc­cess in upcom­ing elec­tions. The par­ty was formed in 1956 by Third Reich vet­er­ans as a vehi­cle for re-intro­duc­ing Aus­tri­an Nazis into the country’s polit­i­cal life.

In Latin Amer­i­ca, we exam­ine:

1.-The ver­dict that Argen­tine AMIA bomb­ing inves­ti­ga­tor Alber­to Nisman’s death was a mur­der, not a sui­cide.
2.-Review of the AMIA bomb­ing inves­ti­ga­tion.
3.-The dis­cov­ery of a cache of Nazi arti­facts, includ­ing devices used for deter­min­ing racial puri­ty. Hitler appar­ent­ly posed with some of the arti­fi­cats.
4.-The role of Nisman’s wid­ow as the judge inves­ti­gat­ing the Nazi arti­fact case.
5.-Operational links between Amer­i­can Nazi Christo­pher Cantwell and the Koch Broth­ers-fund­ed Lud­wig Von Mis­es Insti­tute in Brazil.

In the Unit­ed States, we detail:

1.-How Bre­it­bart active­ly pro­mot­ed Neo-Nazism, while down­play­ing what it was actu­al­ly doing.
2.-How white suprema­cist and Nazi ele­ments are suc­cess­ful­ly using YouTube to main­stream fas­cist and racist views.

In the Mid­dle East, we high­light:

1.-Benjamin Netanyahu’s polit­i­cal con­nec­tions with the Thyssen/Krupp firm, one of the lynch­pins of the Bor­mann cap­i­tal net­work.
2.-Yair Netanyahu’s attri­bu­tion of his father’s polit­i­cal dif­fi­cul­ties to sab­o­tage by an inter­na­tion­al Jew­ish con­spir­a­cy.
3.-Ronald Regan’s 1981 cita­tion of Ibn Khal­dun as a key advo­cate for sup­ply-side eco­nom­ics.
4.-Review of the Mus­lim Brotherhood’s embrace of the views of Ibn Khal­dun.

The New World Ordoliberalism, Part 7: To QE, or Not to QE, That is the Ominous Question

As the Euro­pean Cen­tral Bank (ECB) con­tin­ues to wres­tle with the deci­sion of when and how quick­ly to wind down its quan­ti­ta­tive eas­ing (QE) pro­gram while infla­tion remains stub­born­ly below the 2 per­cent tar­get and like­ly to stay well below 2 per­cent for the fore­see­able future, it’s worth not­ing that there’s a new night­mare to add to the equa­tion: The euro has surged in val­ue this year, a move that not only depress­es exports in recov­ery economies like Spain and Por­tu­gal but also depress­es infla­tion. And one of the things hold­ing down the val­ue of the euro is the ECB’s QE pro­gram. So if the ECB tapers off the QE too ear­ly and quick­ly it’s going to make an over­ly-strong euro even stronger while drag­ging infla­tion even low­er, poten­tial­ly derail­ing frag­ile recov­er­ies in the aus­ter­i­ty-inflict­ed mem­ber states. And that means not send­ing the wrong sig­nals is a key goal of the ECB is things are going to go smooth­ly. Guess which sig­nals are being sent.

The New World Ordoliberalism Part 6: The QE Taper Caper and the Portuguese Squeeze

In this chap­ter of our explo­ration of what’s wrong with the euro­zone we’re going to take a look at the evolv­ing nature of the Euro­pean Cen­tral Bank’s (ECB’s) quan­ti­ta­tive eas­ing (QE) pro­gram. Specif­i­cal­ly, how the QE pro­gram was fac­ing a set of obsta­cles that was going to require some tweak­ing to the pro­gram and how the solu­tion to the obsta­cle was to basi­cal­ly choose the tweaks that harmed the weak, in par­tic­u­lar Por­tu­gal. In favor of Ger­many, of course. Keep in mind that Por­tu­gal recent­ly formed a left-wing anti-aus­ter­i­ty gov­ern­ment and has done rel­a­tive­ly eco­nom­i­cal­ly well since com­ing into pow­er . Also keep in mind that Por­tu­gal is one of the few euro­zone nations not fac­ing a ris­ing far-right “pop­ulist” move­ment as a response to its harsh aus­ter­i­ty pro­gram. So you might say the tim­ing is “right” for some pref­er­en­tial treat­ment of Por­tu­gal. Pref­er­en­tial­ly bad treat­ment.

FTR #928 The Trumpenkampfverbande, Part 7: Locker Room Eclipse, Part 2

Con­tin­u­ing analy­sis of aspects of Don­ald Trump’s can­di­da­cy that have been eclipsed by his boor­ish atti­tude and behav­ior toward women, we note Trump’s use of thin­ly-veiled anti-Semit­ic rhetoric inti­mat­ing that Hillary Clin­ton is in bed with an inter­na­tion­al Jew­ish cabal. ” . . . . The speech was hinged to the orig­i­nal pur­pose of his cam­paign: to trade on the resent­ments of a restive rem­nant of white America—angry white men and the women who love them—and set the stage for may­hem in the wake of his like­ly elec­toral defeat. This was not your stan­dard, off-the-cuff Trump rant. This was a script­ed speech, deliv­ered with a teleprompter. It was craft­ed. It fea­tured the key words of right-wing com­plaints: “sov­er­eign,” “glob­al bankers” and “slan­der.” Real­ly, it came right out of a Nazi pro­pa­gan­da play­book. And when one con­sid­ers the themes com­mon between Nazi pro­pa­gan­da films and the films made by top Trump cam­paign staffers Stephen K. Ban­non and David Bossie (as ana­lyzed by Alter­Net), we should hard­ly be sur­prised. . . . The agen­da of the “media estab­lish­ment,” Trump said, was to elect “crooked” Hillary Clin­ton, in the ser­vice of “spe­cial glob­al inter­ests rig­ging the sys­tem.” There are a lot of ways in the land of Wingnut­tia to tele­graph that your tar­get is Jews, and these are two of them. Remem­ber them: You’ll be hear­ing a lot in com­ing days about the “media estab­lish­ment,” “glob­al spe­cial inter­ests,” oh, and “bankers.” . . . .”

Trump is also rhetor­i­cal­ly invok­ing the prospect of turn­ing to vio­lence to right the wrongs of the “rigged” elec­tion he has bruit­ed about. “ . . . . I watched his speech Thurs­day, and if I closed my eyes, I could smell the camp­fire smoke at the Mal­heur refuge and feel the Ore­gon win­ter wind on my face. Here were the con­spir­a­cies, the ref­er­ences to the shad­owy inter­na­tion­al cabals, the whis­pers about the ille­git­i­ma­cy of the Depart­ment of Jus­tice and the Tri­lat­er­al­ist coopt­ing of the FBI. It was like lis­ten­ing to an immod­est Ammon Bundy. We have to pro­tect our­selves from not just the gov­ern­ment (because it is only a pawn) but from the peo­ple who real­ly run it. We should be watch­ful, resilient, ready—and though he is reluc­tant, he will sac­ri­fice him­self, for he is the only one who can save us from the ter­ror. Don­ald Trump shout­ed out every fevered dystopi­an fan­ta­sy I heard on the refuge . . . . I was out­raged by Trump before. But now I am wor­ried. . . . Thurs­day, Don­ald Trump trav­eled a step fur­ther down the path of mil­i­tant right-wing rev­o­lu­tion. It wasn’t a call to arms, exact­ly. But it was far past the point of com­fort. . . .”

A major point of dis­cus­sion con­cerns Trump’s deputy cam­paign man­ag­er, David Bossie. Even as Trump accus­es Hillary of being a tool of the “elites,” Trump is uti­liz­ing Bossie, who is the head of Cit­i­zens Unit­ed. It was a law­suit by Bossie’s orga­ni­za­tion that opened the flood­gates to vir­tu­al­ly unlim­it­ed cam­paign fund­ing by the ultra rich, when the Supreme Court ruled in favor of Cit­i­zens Unit­ed. Bossie and Steven K. Ban­non, Trump’s cam­paign man­ag­er, have uti­lized pro­pa­gan­da tech­niques pio­neered by Hitler, Goebbels and com­pa­ny. ” . . . . The late Andrew Bre­it­bart, founder of the web­site Ban­non went on to lead, called Ban­non the “Leni Riefen­stahl of the Tea Par­ty movement”—a ref­er­ence to the infa­mous cre­ator of Nazi pro­pa­gan­da films. While insist­ing to a Wall Street Jour­nal reporter in 2011 that his work isn’t pro­pa­gan­da, Ban­non went on to cite Riefen­stahl among his main influ­ences. . . . Ivana Trump, the candidate’s first wife, told Van­i­ty Fair in 1990 that her hus­band kept a copy of Adolf Hitler’s My New Order, a col­lec­tion of speech­es that dis­play the Nazi dictator’s excep­tion­al abil­i­ty to manip­u­late real­i­ty, in a cab­i­net near his bed. . . . . The Nazi regime pro­duced a mas­sive amount of pro­pa­gan­da; it had an entire Min­istry of Pub­lic Enlight­en­ment and Pro­pa­gan­da, head­ed by Joseph Goebbels. A cen­tral tech­nique of Nazi pro­pa­gan­dists, accord­ing to the U.S. Holo­caust Memo­r­i­al Muse­um, was to cast Jews as out­siders and dan­ger­ous ene­mies of the Reich, ‘‘sub­hu­man’ crea­tures infil­trat­ing Aryan soci­ety.’ . . . In her analy­sis of Riefenstahl’s ‘Tri­umph of the Will,’ Price not­ed that ‘per­haps most crit­i­cal­ly, Germany’s come­back is por­trayed as well under­way; the view­er need only jump aboard. What is being said implic­it­ly is that there is no alter­na­tive.’ In ‘Bat­tle for Amer­i­ca,’ Ban­non and Bossie fol­low the same for­mu­la, posit­ing the Tea Par­ty move­ment as the band­wag­on to jump on. But the for­mu­la isn’t the only thing about the film that car­ries echoes of Goebbels: a researcher and coun­sel for the film was white nation­al­ist Robert Van­der­voort. . . .”

Pro­gram High­lights Include: The arrest of mili­tia mem­bers in Kansas for plot­ting an attack on Soma­li refugees, sched­uled for the day after Elec­tion Day; dis­cus­sion of UK Inde­pen­dence Par­ty leader Nigel Farage’s sup­port for Trump; the sup­port Trump has received from Russ­ian fas­cist Vladimir Zhiri­novsky; Zhiri­novsky’s fund­ing by Ger­man Nazi Ger­hard Frey; Frey’s dis­sem­i­na­tion of the dis­in­for­ma­tion that Lee Har­vey Oswald fired at Gen­er­al Edwin Walk­er; Frey’s close asso­ci­a­tion with Rein­hard Gehlen; Trump’s close rela­tion­ship with the Steuben Soci­ety.

FTR #927 The Trumpenkampfverbande, Part 6: Locker Room Eclipse

With Don­ald Trump’s sex­u­al habits and speech dom­i­nat­ing the head­lines at the moment, we are see­ing what Trump termed “lock­er room” ban­ter eclipse far more impor­tant aspects of the Trump phe­nom­e­non. The GOP can­di­date con­tin­ues to man­i­fest Nazi-style beliefs, trum­pet­ing the impor­tance of hered­i­ty, breed­ing and genes to suc­cess, with his own Ger­man her­itage hav­ing much to do with his own largesse. In that con­text, we note that his “genes,” in the form of Don­ald, Jr., may well be on the scene for some time.

Although Don­ald, Sr. would appear poised to lose the elec­tion in Novem­ber, the Trumpenkampfverbande–the move­ment that has coa­lesced around him–is poised to con­tin­ue, being (in our opin­ion) the trans­for­ma­tion of the Under­ground Reich into a broad-based mass move­ment. Don­ald, Jr. appears to be a bird of the same polit­i­cal plumage as his father, with a pen­chant for racism and “Alt-right” tweet­ing. As one blog­ger put it: ” . . . And in the last cou­ple of weeks Junior has let his alt-right freak flag fly. . . .” Junior also has polit­i­cal aspi­ra­tions: ” . . . The old­est son of the Repub­li­can pres­i­den­tial nom­i­nee said that while he still has ‘a lot to do in my own career,’ he would seri­ous­ly con­sid­er fol­low­ing in his father’s foot­steps out of real estate and into polit­i­cal life. . . .” Don­ald, Jr. does not appear on the sur­face to share his father’s destruc­tive sex­u­al prac­tices, and might become a stan­dard-bear­er for an Under­ground Reich in plain view for some time to come.

Anoth­er crit­i­cal aspect of Trump’s polit­i­cal con­nec­tions that has been over­shad­owed by the “lock­er room eclipse” con­cerns Trump’s pro­found, long­stand­ing con­nec­tions to Deutsche Bank, his go-to lender for his myr­i­ad real estate prac­tices. Cur­rent­ly desta­bi­liz­ing equi­ties mar­kets around the world, Deutsche Bank holds the poten­tial to col­lapse the glob­al finan­cial land­scape. Hav­ing ben­e­fit­ted from a “rigged” ECB stress test, hav­ing ben­e­fit­ted from preda­to­ry lend­ing prac­tices dur­ing the sub-prime cri­sis, hav­ing ben­e­fit­ted from a Fed­er­al Reserve bailout fol­low­ing the col­lapse of 2008 and fac­ing a poten­tial $14 bil­lion fine from the U.S. Depart­ment of Jus­tice, Deutsche Bank holds 42 tril­lion euros worth of deriv­a­tives on its books, an amount 11 times the econ­o­my of Ger­many! Trump’s being in hoc to Deutsche Bank for upwards of $100 mil­lion rais­es inter­est­ing ques­tions about his poten­tial posi­tion as head of the U.S. gov­ern­ment.

Anoth­er, relat­ed aspect of Trump’s can­di­da­cy con­cerns his threat to fire Fed­er­al Reserve head Janet Yellen and his advis­ers rang­ing from “Alt-right” ide­o­logues to cham­pi­ons of a return to the gold standard–a move that would col­lapse the Amer­i­can and glob­al economies. [This is against the back­ground of the pos­si­bil­i­ty that the Fed may have to extend anoth­er life­line to Deutsche Bank to pre­vent anoth­er inter­na­tion­al finan­cial melt­down] ” . . . In the first [group of Trump eco­nom­ic advi­sors] are Lar­ry Kud­low and Judy Shel­ton, the intel­lec­tu­als of the bunch, and both advo­cates of a return to the gold stan­dard. While it has become pop­u­lar among some Repub­li­cans in the past few years, return­ing to the gold stan­dard is dis­missed as a dis­cred­it­ed, fringe idea by near­ly all econ­o­mists and mar­ket par­tic­i­pants. And, for their part, gold-stan­dard sup­port­ers typ­i­cal­ly reject the very idea of a Fed­er­al Reserve, so if Trump were to appoint Kud­low, Shel­ton, or anoth­er gold-stan­dard sup­port­er to the Fed, it would be the most rad­i­cal and poten­tial­ly dam­ag­ing eco­nom­ic move since the dawn of our mod­ern eco­nom­ic sys­tem, after the Great Depres­sion. . . .”

Pro­gram High­lights Include: Review of “The Don­ald’s” affin­i­ty for the speech­es of Adolf Hitler; review of Trump’s father’s pos­si­ble mem­ber­ship in the Ku Klux Klan; Trump’s exhor­ta­tions to his fol­low­ers to dis­re­gard “the rigged” elec­tion and the pos­si­bil­i­ty (prob­a­bil­i­ty?) that this will lead to “lone wolf,” lead­er­less resis­tance ter­ror­ism and mur­der; Don­ald Trump’s links to the Steuben Soci­ety.

Growth of Slovakian Fascism Illustrates the Dynamic Underlying Brexit and the Trumpenkampfverbande

Por­trayed by the main­stream media as –of course–“populists,” the L’SNS led by Mar­i­an Kotle­ba (right) man­i­fest­ed their agen­da upon join­ing the Slo­va­kian par­lia­ment: ” . . . But one of the first acts of the new mem­bers of L’SNS in Slo­va­ki­a’s par­lia­ment was to demand a minute of silence to mark the day Jozef Tiso was hanged in 1947 for treason–Tiso was the head of Slo­va­ki­a’s pro-Nazi, total­i­tar­i­an gov­ern­ment when 70,000 Slo­vaks were deport­ed to their deaths dur­ing World War II. . . .”

Krugmenistan vs the Permahawks

Lift Off! That was the announce­ment by the Fed­er­al Reserve this week when the world’s biggest and most influ­en­tial cen­tral bank start­ed the long await­ed rais­ing of its bench­mark short-term rate a quar­ter point from near-zero lev­els, mark­ing the first time the Fed has raised rates since 2006. It was big news, except this rate hike was telegraphed for quite a while now and vir­tu­al­ly every­one was expect­ing the Fed to do exact­ly what it did, so it’s not as big as it could have been. If the Fed had decid­ed not to raise rates, despite all the telegraph­ing, that prob­a­bly would have been a big­ger sto­ry. But would it have been a bad sto­ry if the Fed decid­ed to keep rates at their cur­rent near-zero lev­els? There’s a big debate in the eco­nom­ic com­mu­ni­ty over that. And it’s a debate that pits pru­dent econ­o­mists with excel­lent track-records like Paul Krug­man, some­one who opposed the Fed’s Decem­ber “lift off” deci­sion, against the broad array of “per­ma­hawks”. But it’s not just the ques­tion with respect to Fed. The Euro­pean Cen­tral Bank made a pol­i­cy announce­ment this month too regard­ing its stim­u­lus mea­sure and it was indeed rather sur­pris­ing. And as we’re also going to see in this post, it was sur­pris­ing in the way that just might have done seri­ous dam­age to not just the cred­i­bil­i­ty of ECB Pres­i­dent Mario Draghi but the ECB itself. Or at least cred­i­bil­i­ty in the ECB’s com­mit­ment to its sin­gle man­date of keep­ing infla­tion hov­er­ing around 2 per­cent.

To pla­cate per­ma­hawks (to main­tain cred­i­bil­i­ty) or not pla­cate the per­ma­hawks (to main­tain cred­i­bil­i­ty)? That is the ques­tion. Or at least one of the ques­tions cen­tral banks face. Unfor­tu­nate­ly.

Germany, Greece and Franco’s Blue Division

Wolf­gang Schauble (Ger­many’s Finance Min­is­ter) has stat­ed that Ger­many need­n’t repay the bil­lions it stole from Greece dur­ing World War II, because a gov­ern­ment is not oblig­at­ed to ful­fill the pledges of pre­vi­ous regimes. The fact that Ger­many con­tin­ues to pay pen­sions to vet­er­ans of Spain’s Blue Divi­sion (which fought on the East­ern Front dur­ing World War II) sug­gests that the Ger­man gov­ern­men­t’s judg­ments are self-serv­ing­ly selec­tive. All of the con­tents of this web­site as of 12/19/2014–Dave Emory’s 35+ years of research and broadcasting–as well as hours of video­taped lec­tures are avail­able on a 32GB flash dri­ve. Dave offers his pro­grams and arti­cles for free–your sup­port is very much appre­ci­at­ed.

Analyzing “Clausewitzian Economics”: Greek Politician Compares German Economic Hegemony to WWII

In past pro­grams, we exam­ined the Greek and Euro­zone debt crises in the con­text of the the­o­ries of Friedrich List and Carl von Clause­witz, as well as the real­iza­tion of those the­o­ries through suc­cess­ful manip­u­la­tion of the transna­tion­al cor­po­rate land­scape through both world wars and the “post­wars” that fol­lowed them. Recent­ly, a the Greek may­or of Cor­fu encap­su­lat­ed that devel­op­ment rather suc­cinct­ly: “What they didn’t man­age in World War II they are man­ag­ing now,” Kostas Nikolouzos, the left-wing may­or of Cor­fu, said of Ger­many, voic­ing a com­mon sen­ti­ment. “It may sound extreme, but it’s true.” All of the con­tents of this web­site as of 12/19/2014–Dave Emory’s 35+ years of research and broadcasting–as well as hours of video­taped lec­tures are avail­able on a 32GB flash dri­ve. Dave offers his pro­grams and arti­cles for free–your sup­port is very much appre­ci­at­ed.