INVESTORS EDGE
 

News & Analysis

Testimonials
  • EXCELLENT ANALYSIS

    The Daily Bell has a great libertarian point of view, and excellent economic analysis. Add it to your daily reading.

    Peter Schiff
    Chairman and Chief Executive Officer, Euro Pacific Capital

  • PART OF MY DAILY NEWS DIET

    I read it every day!

    Jim Rogers
    Bestselling Author, Co-founder of the Quantum Fund

  • SIMPLY TERRIFIC

    The Daily Bell does a remarkable job of exposing how money power uses central banking to crush people into submission via global government with economic and political slavery being the desired end result.

    John Browne
    Former Secretary of the Conservative Defense and Finance Committees, UK Parliament

  • GREAT JOB, DAILY BELL

    I can say that, unlike the mainstream press, The Daily Bell knows the questions to ask and has the chutzpah to ask them. They realize that socialism and Keynesianism are wrecking the world and they are helping to save what is left of liberty and free markets.

    Richard J. Maybury
    Author, Editor of U.S. & World Early Warning Report

  • READ IT EVERY DAY

    A defender of free markets, The Daily Bell takes a libertarian approach to expose and unravel global misinformation. Read The Daily Bell – every day!

    Charles Payne
    FOX Business Analyst

  • INTELLECTUAL JOLT

    Sit down to read from The Daily Bell and experience a jolt of intellectual energy.

    Dr. Nathaniel Branden
    Psychotherapist, Bestselling Author

  • ESSENTIAL READING

    Liberty is under assault by Big Government. The Daily Bell is an essential tool for information for those who want to fight for freedom.

    Steve Forbes
    Chairman and Chief Executive Officer of Forbes Media

  • REFRESHING

    I enjoy reading The Daily Bell because it often has refreshing and novel ways of looking at things.

    Bill Bonner
    Bestselling Author, Founder of Agora Publishing

  • VERY INFORMATIVE

    I read The Daily Bell every day and I find it very informative.

    Marc Faber
    Dr. Marc Faber, Author, Publisher of The Gloom Boom & Doom Report

  • OUT OF THE DARK

    The Daily Bell leads us out of the dark tunnel of manipulated press into the light of free press.

    John Perkins
    Bestselling Author

  • SEPARATES WHEAT FROM CHAFF

    The Daily Bell is a true beacon to lead in helping the reader to separate the wheat from the chaff.

    Dr. Antal Fekete
    Author, Educator and Monetary Scientist

  • SOURCES YOU CAN TRUST

    The Daily Bell should be on everyone's shortlist of news sources you can trust. It's on mine, and we often refer to it in our own weekly news service at The Reality Zone.

    G. Edward Griffin
    Author, Founder of Freedom Force International

  • MESSAGES OF TRUTH

    The Daily Bell website is one of the authentic voices cutting through the clouds of vapid opinion, the morass of mediocre media and the confusion of Orwellian doublespeak. The Bell website lives up to its name, ringing unheard messages of truth in our ears.

    Jeffrey Armstrong
    Award-winning Author, Vedic Philosopher

  • FANTASTIC SOURCE

    The Daily Bell is a fantastic source of challenging thought from a wide range of freedom loving people.

    Dr. Joel Wade
    Author, Psychotherapist and Life Coach

  • VOICE OF REASON

    I have thoroughly enjoyed the analysis and interviews at The Daily Bell, which has so often been a voice of reason during these perilous times

    Dr. Thomas Woods Jr.
    NY Times Bestselling Author & Senior Fellow, Mises Institute

  • INSIGHT YOU CANNOT IGNORE

    The Daily Bell provides unique insights on contemporary political, economic and social problems that can be found in such a concentrated form nowhere else. Whether one agrees or disagrees with it, one cannot afford to ignore it.

    Dr. Edwin Vieira
    Author and Constitutional Expert

  • INFORMATIVE SOURCE OF INFORMATION

    The Daily Bell is an informative source of information and commentary from leading figures in the liberty movement. It's a pleasure to be interviewed alongside far more notable individuals.

    Alexander McCobin
    Executive Director of Students for Liberty

  • GUTS, OBJECTIVITY, WISDOM

    Rarely does a publication have the guts and objectivity to tell it like it is, yet the eloquence and wisdom to listen carefully to the ‘other side.’ This is The Daily Bell accomplishing its daily mission.

    James Jaeger
    Telly Award-winning Filmmaker

  • GREAT THINKERS YOU CAN'T GET ANYWHERE ELSE

    The Daily Bell has revived that great old institution of the personal interview, extracting information from today's great thinkers you can't get anywhere else. Outstanding!

    Jeffrey Tucker
    Author, Executive Editor of Laissez Faire Books

  • TRUTH AT WORK

    There are very few publications out there that have the smarts and guts to tell the truth about the dictatorial forces at work destroying our civilization. Thankfully The Daily Bell is one of them, and it appears in the mailbox every day.

    Nelson Hultberg
    Author, Director of Americans for a Free Republic

  • EXCELLENT PERSPECTIVE

    The Daily Bell affords an excellent alternative perspective on some of the noise and nonsense of mainstream media. In particular, I enjoy reading Anthony Wile's 'free-market analysis' on current subjects and articles. Very insightful.

    Frank R. Suess
    Chairman & CEO of BFI Capital Group Inc.

  • AWE INSPIRING

    The Daily Bell is one of the most innovative and in-depth websites on the Internet. The breadth of the content is awe inspiring and the amount of knowledge imparted is almost impossible to quantify. For me, as a liberty minded seeker of knowledge, it is a must read.

    Jeff Berwick
    Founder of DollarVigilante.com

  • INDEPENDENT

    Get outside the box with The Daily Bell and experience independent views.

    Paul Craig Roberts
    Author, Former Assistant Secretary of the Treasury in the Reagan Administration

  • CONSISTENTLY SOLID

    The Daily Bell features consistently solid analysis of and thoughtful challenges to contemporary statism. I am proud to be on the team.

    Dr. Tibor Machan
    Author and Philosopher

  • RECOMMENDED READING

    For alternative views on contemporary politics, culture and science, from a libertarian point of view, check out The Daily Bell.

    Michael A. Cremo
    Author, Vedic Archeologist

  • PREMIER FREE-MARKET ANALYSIS

    The Daily Bell rings out for liberty every day. It is the premier online source for insightful and hard-hitting free-market analysis and interpretation of economic, political and business events.

    Dr. Richard Ebeling
    Author, Professor of Economics at Northwood University

  • A MUST-READ FOR EVERYONE

    The Daily Bell is a must-read for anyone who wants to understand the effects of the state on our economic future.

    Dr. Thomas DiLorenzo
    Professor of Economics, Loyola University Maryland

  • PROFOUND AND PROVOCATIVE

    Every day, I rely on the Daily Bell for a different perspective you'll never find in the regular media. It's an analysis and timely insight that is profound and provocative.

    Craig Huey
    Author, Small Business Owner

  • A VIRTUAL WHO'S WHO

    The good and the bad, the big dogs and the small, the thinkers and the doers among libertarians and on the "Right" – you can encounter them all in The Daily Bell's exclusive weekly interviews. Indispensable.

    Dr. Hans Herman-Hoppe
    Author, Economist and Libertarian Philosopher

  • EXCELLENT RESEARCH

    I really enjoy reading The Daily Bell for the excellent research and content provided on a wide variety of issues vital to the Freedom Movement.

    Dr. Mark Skousen
    Author & Founder of FreedomFest

  • INDISPENSABLE INFORMATION

    The Daily Bell is an indispensable source of news and information for those seeking to curtail the power of the welfare-warfare state.

    Dr. Grant Havers
    Chair, Department of Philosophy, Trinity Western University

  • THE DAILY BELL IS A MUST-READ

    Because the world is changing so rapidly, it is difficult to keep up, which means The Daily Bell is a must read. I consider the information critically important reading.

    Dave Morgan
    Author, Editor of Silver-Investor.com

  • A LEADING LIGHT

    The future is created by the people who build it, not the people who predict it will not exist. You can meet lots of important builders by reading The Daily Bell.

    Catherine Austin Fitts
    Former Assistant Secretary of Housing and Federal Housing Commissioner

  • THOUGHTFUL NEWS, EXCLUSIVE INTERVIEWS

    I always read the Bell. The news items are thoughtfully selected, and the interviews are unavailable elsewhere.

    Doug Casey
    Bestselling Author and Founder of Casey Research Group

  • ONE OF MY FAVORITE SITES

    The Daily Bell is one of five sites that I review every day because I find there a clear, common-sense interpretation of everyday events.

    Hugo Salinas-Price
    Mexican Billionaire, Founder of Grupo Elektra

  • GREAT INVESTMENT INFORMATION

    I love reading The Daily Bell! Interesting investment information, a political and social viewpoint that lets me know I'm not alone in the world and "annotated" with analysis. I highly recommend it to all interested readers.

    Rick Rule
    Founder of Global Resource Investments Inc.

  • CUTTING EDGE ANALYSIS

    At a time when growing majorities worldwide are tuning out mainstream news, people are seeking the cutting edge, insightful and thought provoking analysis that The Daily Bell consistently provides.

    Gerald Celente
    Bestselling Author, Founder of the Trends Research Institute

  • POWERFUL INSIGHTS

    I consider The Daily Bell essential reading for anyone desirous of understanding the way the world really works.

    Lord William Rees-Mogg
    Author, Former Deputy Editor, Financial Times

  • NEVER MISS AN ISSUE

    I love the Daily Bell. Every issue is principled and informative.

    Lew Rockwell
    Founder of the Mises Institute

  • COURAGEOUS REPORTING

    There is no other publication in print or on the Internet like The Daily Bell. They have the courage to report the truth and analyze current foreign policy, politics and economic events in the context of a formerly hidden history of financial elites.

    Ron Holland
    Author & Monetary Analyst

  • AHEAD OF THE CURVE

    The Daily Bell has come out of nowhere to introduce to the Internet community some of the most intriguing and proactive interviews there are out there. Let's hear it for creativity and being ahead of the curve.

    Bill Murphy
    Chairman of Gold Anti-Trust Action Committee

 

Subscribe now to start your FREE email subscription to:

The Daily Bell Newswire

By subscribing, I confirm that I have read the privacy policy and the terms of use policy in its entirety and I understand and accept these terms.

 

 
Poison of Neo-National Socialist Public Banking

WestLB is almost gone. The bank that embodied many of the problems of Germany's Landesbanken sector – combining excessive international ambition with repeated crises brought on by poor risk controls – is to close for business this weekend after a deal with European Competition authorities. Its demise is the biggest realignment for many years among the Landesbanken, the publicly owned regional banks frequently regarded as one of the weakest links in the German banking system. WestLB will be broken up and its identity inherited by Portigon, a financial services provider that will not do banking business. The asset base of the Landesbanken sector has shrunk from some €2tn in 2007 to about €1.5tn and will be reduced further when WestLB and its €168bn of assets are excluded. – Financial Times

Dominant Social Theme: If only the government could print money, everything would be better.

Free-Market Analysis: It is ironic that as Germany's public banking sector continues its realignment (see above excerpt), various forms of public banking become more popular on the English-speaking Internet.

What most do not realize about the argument that paper money can provide the solution to modern banking ills is that this argument was originally made by fascists. During the early-to-mid 20th century, fascist states pioneered a poisonous mixture of corporatism, fiat money, racism and command-and-control economies that led inevitably to swollen military-industrial complexes.

The recent Supreme Court decision on Obamacare is in line with this sort of economic approach. The "corporatist" model is, in fact, the model that modern elites have quietly adopted for the West in the 21st century, though fortunately the Internet has exposed it.

Apologists for fascism and for Germany's statist economy often claim that Germany's pre-war monetary system with its low interest rates and pathological overprinting of money created blossoming prosperity. But when one examines Germany's "miracle" closely, it becomes clear that it was mostly brought about via extraordinary expansions in Germany's military-related expenditures.

Command-and-control economies often do well initially. The Soviet Union surged forward under Stalin and Japan's pre-war economy did well, too. Mussolini first adopted a statist gold standard but eventually printed so much that currency apparently surged some 18-fold during the war.

Takahashi Korekiyo, the "Japanese Keynes," tried to contract the Japanese economy in the mid-1930s after initiating a classic inflationary bubble. As a result, he was murdered by the nation's nascent military industrial complex. (Monopoly fiat money ALWAYS enhances militarism ... and "war is the health of the state.")

Ultimately such economies run out of vitality because they are based on state control of industry. This does not seem to be well understood, in the US especially, where paper-money pundits are growing in popularity. People are determined to believe for some reason that giving politicians the ability to print vast amounts of unbacked money is a potential panacea.

There are a number of websites now calling for politicians to print money within the context of a monopoly franchise. Some of these websites promote US Greenbackerism or Georgism or even the Marxist-oriented cult of social credit.

Terms like "usury" and "banksters" are increasingly common along with the observation that the world is run by "private bankers." In fact, this is quite a misnomer because most of the central banks around the world are in some sense certified and provided credibility by the public sector.

In fact, the idea that the state can do any better job of printing money than some other alternative is ludicrous. India, China and Brazil all have terrible price inflation – and China's boom/bust cycle is so bad that its leaders have taken to building entire empty cities.

Meanwhile, those who speak of usury usually neglect to mention the state and increasingly destructive levels of taxation that may cost people far more than even the most usurious practices. In fact, an argument can be made that it is monopoly central banking that creates the conditions for abusive compound interest. Get rid of central banking to get rid of abusive debt-based practices.

One asks in vain how those who believe in paper money issuance will ever figure out how much money is too much. There are no answers, of course, because only the market can decide how much is too much, either through the laissez faire emergence of gold and silver backed money (NOT a gold standard) or privately-backed competitive money generally. In the latter case, gold and silver would surely emerge as preferred, competitive alternatives as they have throughout history.

Neo-National Socialists like to proclaim that Abraham Lincoln was a great patriot because he tried to rid the US of money power. But anyone can see that somebody who murdered a million of his fellow citizens is not a hero. Lincoln was surely backed by the very "banksters" that the Neo-Socialists like to consign to damnation. See here: "Did Jefferson Davis Work for Money Power? ... Was the Civil War a Gigantic False Flag?"

Hitler was likely a creature of the great dynastic banking families as well. It is simply a fact that the global elites maintain control by creating wars and that they control both sides of a war. Hitler was surely backed by the global elites just as Lincoln was.

Neo-National Socialists want to pretend that Hitler was NOT funded by Wall Street, just as the Russian Reds and Mao were. But this is an obvious misreading of history. Just because Reed claims the USSR was funded by the global elites does not mean that Hitler was not.

Neo-National Socialists want to use fascist-style economics and are disguising their intent by using terminology such as public banking and Georgism and social credit. In fact, many proponents may not even understand the antecedents.

But it is simply a fact that these sorts of economic ploys ultimately end in massive state control. Elements like the Fabians counted on this, which is why this devious British group supported social credit. People simply do not know the antecedents of the current "paper money" craze on the 'Net. But the roots lie with outfits like the Fabians and the global elites in general.

It is the elites that promoted the system of government monopoly control of money via Hitler – whom they funded – and it is obviously the elites that are promoting monopoly paper money again in the 21st century as an antidote to the foundering of the current system of central banking.

The global elites do not care how they control money. Government is not a neutral entity and will always likely be controlled by the most powerful – and thus the top banking elites are happy to control money via government politicos instead of quasi-privately.

Those who promote these fiat money schemes are actually doing the work of the global elites whether they realize it or not. By attacking free-market monetary solutions – gold, silver and competitive money – they are muddying thousands of years of monetary truth and making it harder for humankind to find its way back to strategies that actually work.

Here are the alternatives then. First is a paper-based monetary system actuated by state command and control and promoted by such failed, racist regimes as those that took root in pre-war Germany. They were tremendously inflationary and ultimately ended up in oppressive warfare states.

Second, we have the private money alternative that has existed for tens of thousands of years based on competitive currencies and gold and silver. These alternatives were laissez faire and let individuals live their own lives without fear of undue inflation and other sorts of monetary manipulation.

State control of money must always lead to more abuses and eventually soft and then hard authoritarianism. No man or group of men is able to properly determine the quantity and velocity of money. This sort of price fixing must eventually prove ruinous and has throughout history, creating first tremendous booms and then horrible busts.

Neo-National Socialist economics, with its anti-usury emphasis on manipulated organized religion and its denigration of freedom and private money is once again increasingly popular as hard times focus desperate people on mirage-like solutions.

But these pro-government, pro-manipulation mirages are doubtless being promoted by the very banksters that those in the "truth" movement purport to despise. It is actually to the benefit of those elites to portray the alterative media and the freedom movement generally as anti-Semitic, just as it is to their benefit to promote government solutions to the current economic crisis.

Eventually, the idea is doubtless to create such a deep crisis that people will accept Neo-National Socialism as an alternative to what they have now. Instead of choosing the Jeffersonian model of minimal government and private money, they will choose the racist, authoritarian model of overwhelming state control on a global basis.

Hopefully, people will realize, as social-credit supporter Ezra Pound eventually did, that anti-Semitism is a "stupid suburban prejudice" and that his anti-usury stance should have been positioned as one that was broadly "anti-avarice."

Avarice is a sin of flesh and Pound realized at last, too late, that he had been propounding political solutions when he should have been proposing human ones. His poetry, great as it was, was perverted by his lack of grace.

Conclusion

Did Pound consider, as well, in his final agonized days when he repudiated even his greatest works, that Germany and Italy were just a warm-up for what was to come?

Editor's Note: While we didn't intend to return to this subject, when it was brought to our attention recently we researched it further and found additional food for thought. Leaving aside some of the more "out there" conspiratorial perspectives of our more extreme viewers, there remains significant information that seems to correspond to today's plight. Hence, this focus. 

Rate this article:

Total Ratings: 0 - Average Rating: 0.0

Books by Anthony Wile
Financial
Freedom

The High Alert Way to Discover Winning and Profitable Investment Ideas

Free Download   Order Now

The Best of
Anthony Wile

Select Editorials & Exclusive Interviews As featured at TheDailyBell.com

Free Download   Order Now

High
Alert

How the Internet Reformation is causing a financial hurricane - and how to profit from it

Free Download   Order Now

The Liberation
of Flockhead

A modest, monetary fable

Free Download   Order Now


Anthony Wile
Meet High Alert's Chief Investment Officer

Anthony Wile, High Alert's Chief Investment Officer and Chairman of the Partnership Selection Committee, is an active investor, business strategist and consultant, financial markets commentator, publisher and author.

read more

 
 
Investors Edge

Member Login

Join Today