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Guest Post: Starvation And Military Keynesianism: Lessons From Nazi Germany

Tyler Durden's picture


Submitted by Julian Adorney of the Ludwig von Mises Institute,

Many Americans, from the Glenview State Bank of Chicago to author Ellen Brown assume that the Nazi economic regime was successful, but closer examination tells a tale of rationing, shortages, and starvation. Learning why their economy failed can teach us how to avoid the same fate.



The myth endures that after Hitler inherited a country ravaged by the Great Depression in 1933, his aggressive policies turned the nation around and created an economic powerhouse. But the truth, as Professor Evans of the University of Cambridge argues in his seminal history The Third Reich Trilogy, is something far different.

Evans, a Marxist sympathetic to Keynes and state intervention, nonetheless tells a story of rationing, shortages, and misery in the Third Reich. The Reich Food Estate, the state-controlled corporation responsible for agricultural production, regularly failed to feed its people. Agricultural output rarely surpassed 1913 levels, in spite of 20 years of technological advancement. Demand outstripped supply by 30 percent in basic foodstuffs like pork, fruit, and fats. That meant that for every ten German workers who stood in line to buy meat from the state-owned supply depots, three went home hungry.

The same story was retold when it came to cars, clothing, and iron. New houses had to be built with wooden plumbing, because iron was so scarce. Nationalized iron depots couldn’t produce enough for the army, let alone civilians. Clothing was rationed. Fuel and rubber shortages led to what one US observer called, “drastic restrictions on the use of motor vehicles.” Of course, because the state dictated which car and truck models could be produced, there weren’t very many motor vehicles to begin with.

The overall tale is one of misery for the average German citizen. So how did the Nazis so hurt their people, and what lessons can we learn?


Lesson 1: Military Keynesianism Produces Austerity

Hitler’s rearmament program was military Keynesianism on a vast scale. Hermann Goering, Hitler’s economic administrator, poured every available resource into making planes, tanks, and guns. In 1933 German military spending was 750 million Reichsmarks. By 1938 it has risen to 17 billion with 21 percent of GDP was taken up by military spending. Government spending all told was 35 percent of Germany’s GDP.

Many liberals, especially Paul Krugman, routinely argue that our stimulus programs in America aren’t big enough, so when they fail it’s not an indictment of Keynesianism. Fair enough. But no-one could say that Hitler’s rearmament program was too small. Economists expected it to create a multiplier effect and jump-start a flagging economy. Instead, it produced military wealth while private citizens starved. Employed on the largest scale ever seen, military Keynesianism created only ruin.


Lesson 2: Production, Not Jobs

Economist Joan Robinson wrote that, “Hitler had found a cure against unemployment before Keynes finished explaining it.” And indeed, rearmament and nationalized industry put every available German to work. There were so many jobs that the Nazis complained of a labor shortage and brought women in to the workplace, even though they were ideologically opposed to it. Unemployment had been cured. And yet, the people routinely suffered shortages. Civilian wood and iron were rationed. Small businesses, from artisans to carpenters to cobblers, went under. Citizens could barely buy pork, and buying fat to make a luxury like a cake was impossible. Rationing and long lines at the central supply depots the Nazis installed became the norm.

Nazi Germany proves that curing unemployment should not be an end in itself. No doubt, jobs are important. But they are important for what they produce, not just by virtue of existing. Real growth means production of what people demand. It means making cars, growing food, building laptops, or commercial planes. Private production grows the economic pie and helps everyone to prosper. Without production, all that a job does is change a man from starving and unemployed to starving and employed.


Moving Forward

There are a thousand lessons to be learned from the Third Reich, from the evils of totalitarianism to the dangers of racial thinking. A key economic lesson is that, rather than curing the Great Depression, Hitler’s military Keynesianism on a massive scale left the German people starving and short of goods. It’s a lesson advocates of building tanks to make us rich, from John McCain to Paul Krugman (and now Shinzo Abe), would do well to learn.


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Tue, 12/17/2013 - 22:56 | 4255793 hedgeless_horseman
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Krugman will not judge between the nations
    and will cause disputes for many peoples.
They will beat their plowshares into swords
    and their pruning hooks into spears.
Nation will take up sword against nation,
    and they will train for moar war.

Wed, 12/18/2013 - 02:09 | 4256187 prains
prains's picture

moar woar.....


but who's counting anymore HH

Wed, 12/18/2013 - 04:23 | 4256318 Harlequin001
Harlequin001's picture

Top tip, when a government borrows money to buy a bullet, when that bullet is fired it is not an investment.

There is no way any government can repay that debt unless it is from other income. Yet how many governments finance wars through debt?

What is your government doing now?

Wed, 12/18/2013 - 07:04 | 4256417 G-R-U-N-T
G-R-U-N-T's picture

"There is no way any government can repay that debt"

They have no intention of paying their debt back! Clear it up any?????

Wed, 12/18/2013 - 07:34 | 4256442 negative rates
negative rates's picture

The author forgets or never knew about the history of eugenics, (singleing out different types of people to create a superior society) which had been religiously practiced in the US and was gaining favor in Germany. The Prohibition and depression put an end to that here in the States, but it continued in Germany and they had made plans to export it through out Europe. The ones that could not keep up the pace were eliminated and the survivors went on to practice what they preached. Once stories of stored German PM's being removed from Poland without consent from Germany made it to the 3rd reich, Germany invaded Poland and it was game on from there. We know the story didn't end well, and the same can be said of the dry powder A students who have concocked the same philosophy for our worldly finances in todays world, for the same reasons.

Tue, 12/17/2013 - 22:55 | 4255800 mofreedom
mofreedom's picture

If you want your pork fat, I've got your pork fat.

A commie by another name is a commie!!!

Wed, 12/18/2013 - 02:10 | 4256188 prains
prains's picture

you've got plenty o' commies in your own backyard just spelled differently, KKKommie KKKomrade, generally white, fat... and sweaty and talk a different game but with entirely the SAME result...



fucking r'tard

Wed, 12/18/2013 - 03:33 | 4256293 greyghost
greyghost's picture

OMG.....still fighting the avowed markist/commie against the fascist/nazi WWII battle. all those shortages suffered by the german people under hitler and still they loved him. even more pain and suffering by the german people during the war and still they loved him. In 1968 i was invited over on sunday for dinner at some german's house in so. calif. walking down the hall I couldn't help but notice the picture of Hilter on the wall. I learned two things that day....the germans eat all day long on sunday and they loved Hitler. couldn't help but notice that there is no mention of the nazi government printing the money to buy their tanks/planes/u-boats for the cost of pennies on the reichmarks. just insert the word soviet for nazi and it reads like something out of the cold about spinning a story. tell this story long enough and every student in america will believe the soviets had no problems and those problems were really about the germans/nazi....LOL

Wed, 12/18/2013 - 04:47 | 4256333 Diogenes
Diogenes's picture

What makes you think Germans loved Hitler? They never elected him to anything, he finagled his way into the government then hijacked it and declared himself dictator. The concentration camps, Gestapo, the whole apparatus of the police state were dedicated to stamping out opposition and every form of sophisticated mass media propaganda used to make Nazism popular.

In spite of all this there were several plots to do away with him, some at the highest levels of society, in spite of the fact that even joking about such things could mean being sent to a concentration camp and serious plotting meant certain death.

Wed, 12/18/2013 - 08:59 | 4256594 BeansMcGreens
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According to Alber Speer, who was Reich Minister of Armaments and about fourth in line behind Hitler in actual power,  in his book "Inside the Third Reich" he was concered along with Goebbels about Germany not going into total war production, but still producing luxury items for the German people. The US had done this with rationing of not only war materials such as tires and fuel, but also with food. Yhe US used women in the factories while Germany did not require its female citizens to work. Of course Germany did not not mind using slave labor, with hundreds of thousands of not only concentration camp workers, but also people removed from conquered territory. this book gives a great actual insight into technocratic fascism. Look at just the news from yesterday, with the marriage of microsoft and obamacare.


Hitler was ruthless, and a dictator, but I too met some Germans living in Raleigh NC that spoke with an adoration of him, and that was about late 1990s.


Fri, 12/20/2013 - 23:39 | 4266066 FreedomGuy
FreedomGuy's picture

I have seen people who speak glowingly of Obama and as I drive around I see lots of Obama stickers. I think Americans must love Obama.

Wed, 12/18/2013 - 04:25 | 4256317 The Heart
The Heart's picture

"A commie by another name is a commie!!!"

Is not the term liberal, just another name for a communist?

And, how many are all for repeating the same history of nazi germany in fascist/communist/nazi/socialist America?



Wed, 12/18/2013 - 04:50 | 4256336 Diogenes
Diogenes's picture

National socialism = fascism, international socialism = communism.

Under fascism man exploits man, under communism it's the other way around.

Wed, 12/18/2013 - 09:35 | 4256675 Croesus
Croesus's picture





Wed, 12/18/2013 - 09:50 | 4256774 wisefool
wisefool's picture

You can have your pork fat as long as you fill out a 6 page document explaining why you did not send it to the front lines after you drained it from the pan. War rationing is the entire basis of the US tax code. Every action you took, such as saving bacon grease, was a crime against the state.

If a corporation works hard to produce armaments, with record profits in a single year, they are allowed to average their tax burden out over many less "wary" years. If you as human being work hard one year with high income you are not allowed to average your tax burden out over a lean year.

The solution would be to implement consumption based taxation. The problem is, that if the serfs get tired of a war, they can simply starve the state of war taxes by not purchasing things.  don't like the NSA invading your privacy? Stop spending money. Don't like subsidies for green energy cronies? Stop spending money. Don't like property taxes? downsize. They would never allow the serfs to have such direct input on state action. Just go and vote for John Kerry or Geroge W. Bush!

Tue, 12/17/2013 - 22:57 | 4255805 QE49er
QE49er's picture

Peace Sells, but Who's Buying?

Tue, 12/17/2013 - 22:59 | 4255806 nmewn
nmewn's picture

And mandatory health insurance too ;-)

Tue, 12/17/2013 - 23:01 | 4255815 mofreedom
mofreedom's picture

Digging ditches to throw the obamacared into will be the greatest jobs program since the aswan dam.

Wed, 12/18/2013 - 07:44 | 4256451 lakecity55
lakecity55's picture

Yes, and one of the First Items of Business by the NSDAP after gaining control of Germany in 1933.

Tue, 12/17/2013 - 23:04 | 4255817 Goldilocks
Goldilocks's picture

China National Day Parade 2009 to the Imperial March played by Wiener Philharmoniker (3:02)

Tue, 12/17/2013 - 23:08 | 4255823 Clowns on Acid
Clowns on Acid's picture

Why doesn't Krugman just start breaking windows...? Y'know like at the New York Times building.

Wed, 12/18/2013 - 02:22 | 4256203 lakecity55
lakecity55's picture

It is not time for that, just yet. Be patient, Comrade.

Tue, 12/17/2013 - 23:07 | 4255829 blindman
blindman's picture -reagan-sailorsreportcancersafterfukushimarescuemission.html

Wed, 12/18/2013 - 05:50 | 4256384 cossack55
cossack55's picture

Go tell it to the Spartans.  

The sheeple don't want to hear about nuke armageddon, military casualties, war bonds, or any rationing to support their lovely elected leaders constant wars.  

They may listen once they are dead, but don't count on it.

Tue, 12/17/2013 - 23:09 | 4255831 Constitutional ...
Constitutional Republic's picture

Nazis: made, funded and promoted by the rootless cosmopolitan international financiers and their friends in the West including Britain's 'royal family' and New York banks. Remember that.

Wed, 12/18/2013 - 02:25 | 4256214 prains
prains's picture

how else does a bunch of fuck wit krauts go from....


750 million Reichsmarks. By 1938 it has risen to 17 billion with 21 percent of GDP


SOMEBODY GAVE THEM THE MONEY!!!!!! and it wasn't P.O.L.A.N.D

Wed, 12/18/2013 - 04:50 | 4256339 Diogenes
Diogenes's picture

Where did they get the printing press?

Tue, 12/17/2013 - 23:14 | 4255837 Dr. Engali
Dr. Engali's picture

Many liberals, especially Paul Krugman, routinely argue that our stimulus programs in America aren’t big enough, so when they fail it’s not an indictment of Keynesianism

That's the beauty of Keynesianism, they can never be proven wrong because their response will always be..."It would have worked if only we printed moar".

Tue, 12/17/2013 - 23:58 | 4255920 rwe2late
rwe2late's picture

Dr. Engali

 Actually, that would be an error of a "crass" Keynesianism

(or any other economic theory so over-simplified).

How resources are used, and for what purpose matters.

It is not just the magnitude.

Your straw man argument against "many liberals" does not disprove the worth of having a government, or having government funds well spent.

Instead, any who might argue for unbridled production (GDP, expenditures, etc.) would be wrong, whether they called themselves capitalist, socialist, conservative, or liberal.

(and please attempt to be less one-sided in your complaints since both neo-Liberals and neo-Conservatives support military excess and financial gluttony as described in the article)



Wed, 12/18/2013 - 00:24 | 4255954 Dr. Engali
Dr. Engali's picture

Oh quit your bitching. If you bothered to read the article you would see that I'm quoting the author. Even if I weren't, I'm not so weak that I need to prove my libertarian viewpoint by equally balancing out a liberal bashing with a conservative bashing. Your political correctness has stunted your cognitive capabilities.

Wed, 12/18/2013 - 01:09 | 4256095 Harbanger
Harbanger's picture

I notice one way Liberals often divert attention from a true statement or fact, is they use the strawman card as defense.  That causes you to defend the charge that your observation is not based on facts but imaginary.

Tue, 12/17/2013 - 23:51 | 4255925 W74
W74's picture

Or as with the healthcare laws: "It didn't work because the other team didn't believe hard enough that it would work"

Wed, 12/18/2013 - 00:37 | 4256048 john39
john39's picture

or climate change... warm weather is caused by carbon... snow in Egypt is caused by carbon...  polar ice melting, yup carbon.   and the same is true of the %50 increase in polar ice this year....  what a theory, you can't be wrong.

Wed, 12/18/2013 - 01:37 | 4256145 FreedomGuy
FreedomGuy's picture

I loved those comments on TV. I watched incredulous at the myopic stupidity of them just on the surface. Then I realized I was watching one of the many high priests of government genius, benificence and ability.

The endpoint of Keynes is that we could hire everyone to dig holes and then fill them in the next day. The functional end is just to ask why bother digging and just pass out the pay checks.

When I hear the colossal idiot Pelosi speak and say that each dollar in unemployment generates two dollars of economic benefit the natural endpoint is simply to fire everyone and let them all collect unemployment.

When I heard several years ago that taxes are actually good for the economy and will cause economic expansion the natural end is to go straight to 100% tax rates.

When I hear that a %15/hr minimum living wage the natural endpoint is to go for a great living wage and head north of $100/hr as well as remove the right to negotiate wages from the private sector completely.

There is pretty much nothing that works in leftist economics but it never seems to slow down their efforts. When they are proven not to work then the answer is that it was not enough (think Krugman) government intervention and that the opposition did not propertly support it. Kind of like Kim Jong's Uncle not really clapping hard enough at his ascension.

Wed, 12/18/2013 - 02:20 | 4256193 lakecity55
lakecity55's picture

Like Adolf Hitler, the goal of the folks you mention is political and personal power, not benefits to their country. Like Hitler, they will make it appear the "People" is their goal as a foil until it conflicts with their politics or personal power. Then the blind drops.

To consummate the Pact of Steel, Hitler tossed off the rights of Germans in the South Tyrol to Mussolini, yet would risk war to acquire the Sudetenland under the excuse of German rights deprived by Prague.

These current guys play by the same rules.


Wed, 12/18/2013 - 04:37 | 4256326 The Heart
The Heart's picture

"These current guys play by the same rules."

And these guys are all owned by the same evil that owned hitler. The rotten-tick banksters started both world wars for profit and population reduction agendas, and fully intend on starting the third world war for the same reasons. Everything else is just subtstrata compared to what is obviously on the surface of reality in front of everyone's face.

Meanwhile, in the now, fukushima is putting out more and more radiation and no one seems to even care. The readings are increasing and are especially dangerous during the first rains, and snows. Be aware, be alert, and stay indoors more often to avoid the poisonous contaminations that are increasing.

Got Air Filter?

Wed, 12/18/2013 - 07:43 | 4256448 lakecity55
lakecity55's picture

Fukoshima gets NO Pravda coverage here. That alone shows the danger of this catastrophe.

Many writers are now showing data and visuals in the alternative media of probable radiation poisoning. I read a long article by an Australian a while back who regularly yachts to Japan and back. On his last trip, there were No or very sparse evidence of sealife or birdlife over the ocean between Australia and Japan!

This may well be an ELE, we had better hoope not!

Evidence of radiation poisoning is now being evidenced by USN personnel on site during the disaster! Why is there nothing in Pravda, comrades???

I am not well-versed in any kind of nuclear technology, but common sense alone shows this event is very, very serious and the lack of information in Pravda is Proof!

Wed, 12/18/2013 - 08:02 | 4256478 Cloud9.5
Cloud9.5's picture

Ah, the same rational as to why the Ghost Dance failed, not enough true believers.

Wed, 12/18/2013 - 11:01 | 4255844 A Lunatic
A Lunatic's picture

We're already hitting that same brick wall on many levels. The private sector simply cannot compete with the State when the State writes the rule book, selectively enforces those rules, lays claim to all of the raw materials and prints it's own profits at the ultimate expense of the economic health of the citizenry.......

Tue, 12/17/2013 - 23:18 | 4255845 EddieBurgerPie
EddieBurgerPie's picture

Interesting that in this article you twice mention Krugman juxtaposed with the Third Reich and Hitler. I can feel (and agree with) your loathing! 

Wed, 12/18/2013 - 02:12 | 4256189 lakecity55
lakecity55's picture

Krugman's idea of economics is Soviet. Government should have all the money and decide how to spend it.

Wed, 12/18/2013 - 12:17 | 4257279 falak pema
falak pema's picture

Its NOT Krugman's idea, its the OLIGARCHY'S idea. Krugman and Ben and all the others from University PHD land are their Shamans, the "mr fix its" who do at their bidding; they are expendable as all shamans are.  

The idea is to debase debt by fiat debasement; lots n lots of it on the government ledger and leave a few crumbs for the plebes called Obamacare; so that the real profits accumulate in Caymanland. Its happening in front of you. Count and if you're not a Count or a Duke watch your pensions/salaries dissolve. 

Expendable and interchangeable...Draghi, etc. etc. etc.  A plate of lentils and away we go. 

Hey, this is a POWER MATRIX. ANd its new Aristocracy. No Soviet there. Its back to the Romanovs; ya know the guys before them! 

Tue, 12/17/2013 - 23:18 | 4255846 Ralph Spoilsport
Ralph Spoilsport's picture

This is a good example of US anti-Nazi propaganda featuring Daffy Duck. Very politically incorrect.

Tue, 12/17/2013 - 23:27 | 4255855 reader2010
reader2010's picture

The ideology of the Volk had its own female aesthetic. Beauty—according to this ideology—was a product of a healthy diet and athleticism, not of cosmetics. German girls and women were not supposed to paint their fingernails, pluck their eyebrows, wear lipstick, dye their hair, or be too thin. Nazi leaders condemned the entire cosmetics boom of the 1920s as Jewish commerce, as a cheapening of German femininity that turned women into prostitutes and led to racial degeneration. German men should mate with the girl next door, not the urbanite or the Hollywood-style vamp. A young woman’s natural glow should radiate from physical exertion, from being outdoors, and, in its most celebrated form, from pregnancy.

- Wendy Lower, Hitler’s Furies: German Women in the Nazi Killing Fields, 2013

Wed, 12/18/2013 - 01:52 | 4256165 Anusocracy
Anusocracy's picture

Women go through an awful lot of trouble to present something that isn't really there.

It is a high art designed to manipulate.

Wed, 12/18/2013 - 02:04 | 4256184 Harbanger
Harbanger's picture

They're told by the industry what's hot and what's not.  They play on their insecurities and desire for attention.  If you want to slowly destroy a culture you target the women, the men will follow.

Tue, 12/17/2013 - 23:37 | 4255883 Blazed
Blazed's picture

More ole nazis and the never ending holodrama, got to keep that in the forefront, lol. Remember kiddies, I vus gassed no, six times.

Wed, 12/18/2013 - 01:18 | 4256115 TheLoveArtist
TheLoveArtist's picture

Funny how some numbers are repeated over and over

Wed, 12/18/2013 - 01:53 | 4256167 Anusocracy
Anusocracy's picture

Food goes to the troops before it goes to the prisoners.

Always been that way.

Wed, 12/18/2013 - 01:59 | 4256172 FreedomGuy
FreedomGuy's picture

Except that I have met actual survivors with real numbers tatooed on their forearms and heard their stories. Sorry, but I prefer their firsthand accounts to the self serving deniers. Debating the actual number or minor details is avoiding the main issue.  Nowadays for every story and historical event of importance there are the oppositeville conspiracy theorists. Personally, I think this is useful to any current and future autocratic states as it will be a case of crying wolf. When the real thing does happen no one will be able to know or pay attention.

Generally, it will work better to wait until the very last survivors are dead and then start the Orwellain photoshopping of the old photos. I personally think WWII did not really happen. I believe it was all staged by the Illumati-Bilderberg_JP Morgan-Mason-Templars-Birch Society-Zionist-Bankster-CIA-Mossad-Area 51 Alien group. Even if it did I think only about 17.89 million died instead of 50 million so not really so bad and definitely exaggerated. Who counted the people in Hiroshima, Nagasaki or Dresen anyway...if they happened at all.

Wed, 12/18/2013 - 04:28 | 4256323 TheLoveArtist
TheLoveArtist's picture

What you dont think anyone can tattoo crap on their body, you think some body tattoos are proof for a story spun by the World Jewish Congress.  Lots of people in this world will tell you any story you want to hear.  Just look at Syria and false flag gas opearation done by the FSA.  They even had picture of bodies and witnesses.  And those pics looked fake as hell.  Keep drinking your JEW KOOL aid first hand.

Wed, 12/18/2013 - 23:03 | 4259559 FreedomGuy
FreedomGuy's picture

Yeah, I actually don't believe that tens of thousands of Jews can secretly get together around the world and the international Jewish Fool-All-the-non-Jews conference and get matching tatoos that do not replicate the same numbers and have matching stories and missing relatives and literally a million other data points that have to match to make the story last for over a half century.

Then you have to get together all the non-Jew alliance of soldiers who liberated these places to coordinate their stories. You understand there are white non-Jewish people who verify the stories, too?

I hope your post is sarcasm gone wrong.

I think all the photos, videos and eight track tapes of slavery in the Old South are fake, too.


Wed, 12/18/2013 - 04:38 | 4256327 TheLoveArtist
TheLoveArtist's picture

The tribe is the biggest gang of thieves and liars ever.  Just look at all the russian and ukrainian oligarchs and all the crap Jews have pulled and are pulling on wallstreet.  Do you think Goldman Sachs is  a protestant house of investment.  This is a tribe of albino gypsies that just happens to steal more.  I mean Matt Taibbi in Rolling stone called this den of thieves the giant vampire squid.  You expect me to believe these mofos, I dont trust the common gypsy on the street let along the Jews on Wallstreet or anywhere else.  Forget conspiracy theory the proof is staring you day to day in the pages of Zerohedge.  Look at your freedom guy, you live in a JEWTOCRACY, your representatives work for AIPAC. You are soon going to be the goyim jackass slave Rabbi Ovadia Yosef called the gentiles and half of JEWTOPIA turned out for his funeral.  They revered the scumbucket and gladly relished his words.  You expect me to believe what comes out of the mouths of SHYSTERS like these.

Listen you teach your kids all about the holohoax, and tell them to keep all their investments with JEWS and lets see how your kids come out when they are ready to retire lol

Wed, 12/18/2013 - 07:34 | 4256431 lakecity55
lakecity55's picture

As an amateur historian, the "holocaust" did happen. What is amazing is that the Khazar Kingpins were more than willing to allow the deaths of their "brothers" in order to consolidate more power. But there is not just some cabal of sociopathic jews running around! There are many, many goyim more than willing to help out for personal power and political power. Look at the utter corruption in our elected officials. They hide behind the Public Servant front, while building an Elite Lifestyle and making sure the rest of the People are reduced to a shitty, no hope socialist/authoritarian nightmare. The phony appearance of "two political parties" is proof right there! That Khazars no doubt influenced the origins of Marxism is beyond dispute.

Until we eliminate the power of AIPAC and other "tribal" entities controlling our political representatives, we will be manipulated by this cabal of miscreants!

Take the Protocols of the Elders of Zion. Now, most say the document is a forgery, but look at the goals outlined in the document and then look at the economic/political/culture surrounding you. The goals are no doubt being implemented! Whether the document was a forgery by the Russian Secret Police or not, the facts on the ground show otherwise.

What is so confounding is the operators of the cabal have been successful in crying "antisemitism" anytime someone points out the facts. Are all "jews" in on the "plot?" No.

It is no different than the "Race Card" the progressive marxists play whenever they face opposition. Like Hitler, they are masters of shouting down the opposition by force of will and manipulation of the captured media organs, which are now State Propaganda. The "press" in the USA today is NO different than "Pravda" during the Soviet era!

Wed, 12/18/2013 - 12:49 | 4257440 Debt Slave
Debt Slave's picture

"Do you think Goldman Sachs is  a protestant house of investment."

Well, Lloyd did say he was doing "God's work". <shrug>

Wed, 12/18/2013 - 22:57 | 4259537 FreedomGuy
FreedomGuy's picture

Yeah and places like JP Morgan do not strike me as exclusively Jewish. For the Jew conspiracy types it is actually impossible that non-Jews can be evil nor can we think for ourselves.

Wed, 12/18/2013 - 23:25 | 4259625 FreedomGuy
FreedomGuy's picture

I need to copy my old posts because I get tired of writing this.

Let's suppose for a moment that this Jewish conspiracy exists as you and the others assert.

First, someone left a bunch of the brethern out. Horrowitz, Friedman, Levine and a host of others did not get the memos. I assert that the answer is that culturally Jews are very bright, creative and driven whether they are in arts, banking, science or theology. You keep seeing these asian kids as class valedictorians even though they represent only a tiny fraction of the population yet, I see no one espousing some Chinese-Japanese-Vietnamese-Indian conspiracy. I see lots of East Indians owning hotels and convenience stores and I am getting suspicious. You might note that they do dispoportionately well in life, as well. I assert it is their culture based on tiger moms and similar things. Meanwhile, blacks do disproportionately bad in all areas of life except sports, entertainment and crime. They DO propose a conspiracy to excuse their bad social results that is just as invalid. It is their subculture that drives their results and it is why Oprah is a billionaire whie others are on welfare. No conspiracy even though there actually used to be and you knew who they were, i.e. KKK, Segregationists, etc. 

Second, for the Jewish conspiracy to work the rest of us have to be complete dolts incapable of independent thought and easily fooled, coerced and fleeced at all levels of society. If it is a conspiracy not one caucasian or other race has been able to resist it or rat it out. You would expect at least one Snowden or Benedict Arnold within the ranks of the conspiracy to defect. I assert that while a Jewish guy named Marx had this really bad idea called communism it is not a Jewish conspiracy that so many followed it, including Jews any more than John Locke's ideas are some sort of British-caucasian conspiracy. Many Jews like his ideas, too. Friedman is diametrically opposed to Marx.

I appreciate your concern for my kids. Much appreciated. I have tried to get them to be rational free thinkers. One now works in China and he has not seen a single Jew there so he might be safe. I suggest that our current malaise and future dystopia to be the result of blind faith in statism and central planners. It supercedes the fact that them may be Jewish, Christian, atheist, black, white or brown. Everyone in the world suffers from this bad ideology that some set of really smart central planners and strong rulers will save us from all things in life and can provide all things necessary to life.

Tue, 12/17/2013 - 23:45 | 4255912 Usura
Usura's picture

Obama & Bernanke make Hitler & the 3rd Reich look appealing by comparison

Wed, 12/18/2013 - 02:29 | 4256219 prains
prains's picture


Wed, 12/18/2013 - 12:47 | 4257428 Debt Slave
Debt Slave's picture

A lot of people are beginning to realize this.

Wed, 12/18/2013 - 00:48 | 4256062 ebworthen
ebworthen's picture

We are well into the Fourth Reich; corporations masquerading as the military and the military masquerading as corporations.

Fuck the U.S.S.A. and all it's sad sorry apologist's.

This country is TOAST, done, burnt, crossed the Rubicon.

Pay me a fair fucking wage, quit debasing the currency and rewarding utterly corrupt bankers/insurers/corporations and quit selling my children into debt serfdom you MOTHER FUCKING ASSHOLES or there is no hope for your lost souls.

If you have questions, please ask.

Wed, 12/18/2013 - 02:18 | 4256195 Harbanger
Harbanger's picture

Obama has you covered with his, Fair Minimum fucking Wage Act of 2013.

Wed, 12/18/2013 - 05:02 | 4256354 ebworthen
ebworthen's picture

It's not about politics, it's not about minimum wage.

Wed, 12/18/2013 - 04:51 | 4256337 TheLoveArtist
TheLoveArtist's picture

Totally agree, this country has gone to crap, look at all gang bangers and welfare queens with litters of little losers kids who are too lazy to go to school or work.  Everyone wants the quick buck and people are willing to steal pensions and throw the elderly under a bus just so they can have open concept kitchen with granite countertops and an ocean view from their infinity pool in Costa Rica.  Whatever spirit and brotherhoood this country had after ww2 is loooonng gone.  You got a moron for a President that got to where he is because of affirmative action, all he can read is a teleprompter.  Nothing is based on merit.  You got the Tribe on Wallstreet gaming the system by putting the tribe members in all the top enforcement spots.  You got crap movies coming out of Jewllywood because the tribe self promotes there just as much.  Nothing is earned on merit anymore here.

Im looking at seeing if I can emigrate to Australia, smaller population, just as many resources, and better weather.  Dont want to have to shoot my way out of the city to a getaway place when shit hits the fan.

Wed, 12/18/2013 - 07:13 | 4256423 lakecity55
lakecity55's picture

Hey, IMO, the key to surviving and making things better depends on US maintaining our own integrity and honor.
Like Freddie says, don't get brainwashed by TV or Consumerism.

I love my country; I will fight for her, but the change has to start with each individual. We did not get into this overnight, and I am just as guilty as anyone.

There are lots of Legal things one can do to Refuse To Participate!

Carry on!
Keep Stackin!

Wed, 12/18/2013 - 01:06 | 4256086 adr
adr's picture

So I'm supposed to take the word of a Marxist speaking about a State Socialist. I wonder if he wrote a paper about the failures of Stalin. Say what you will but millions of Germans didn't starve under Hitler. The rationing was accepted as a sacrifice to rebuild after The Great War. Most Germans blamed France and Britain for the reparations that caused the poor economic conditions instead of the government. They were partially right. However, the real source of the misery were the banks that created the war for thier own profit. The Nazis tapped into this resentment and used it to gain control. Pretty much how Obama gained control here. He was supposedly for the people, a man that would bring change. Obama and Hitler are actually very close when you study thier rise.

Authoritarian regimes always fail because a minority can never increase the general welfare of the majority. The logistics of trying to care for an entire country from a central authority will always consume too much energy. More is put into surveillance to ensure productivity than what is actually produced.

What the Nazis did was give the German people purpose, the purpose kept them hopeful and proud to be German. Within a few years the Germans ran over the armies of Europe with almost no resistance. If it were not for Hitler's pride and desire to level Stalingrad in a vain attempt to humiliate Stalin, Russia would have fallen. At that point even US involvement wouldn't have been enough. Continental Europe would have been unified under German control. The German people probably wouldn't accept socialism for long.

Who knows what would have happened, but post WWII West Germany rebuilt and became an economic powerhouse over the following decades. Much of it becuase of German pride and freedom from oppression from an authoritarian government.

The same thing jumpstarted the American economy. American workers regained purpose and pride in themselves. They learned that an individual could produce something of value, and that government was not the source of prosperity. Americans turned their back on central authority and the Wall Street machine that gave them the Great Depression. Men came back from the war and started private businesses. For a short while the local community thrived.

The moral of the story is if you want to prevent things like the Nazis, World Wars, depressions, and general misery people should hang every banker and burn down the stock exchanges. By destroying the power source of the 1%, they die out becuase they are fully incapable of producing anything of value on their own.

Perhaps the reason why we had the golden age of American life was because the real authoritarians, the global banking elite, lost control for a short while. Which is why we got the massive coordinated effort to prop the system up after 2008. Fear that the bamking elite would lose control again. I know a lot of small private businesses that had thier best years ever during the financial crisis. Now that the stock market is reaching even greater all time heights, they are having thier worst years ever. There is a correlation there, the same correlation that created the environment that gave rise to Stalin and Hitler. It will happen again and very soon. People think Obama is the second coming, but they are wrong. He's the set up man. Hillary will be an authoritarian of the Stalinist mold. The world isn't going to be a happy place when she's in charge.

Wed, 12/18/2013 - 02:08 | 4256186 lakecity55
lakecity55's picture

Once a year I re-read HITLER, by Alan Bullock.

Each year a certain country north of Mexico looks more and more like the Third Reich.

I am waiting for the Anschlus with Canada.

Wed, 12/18/2013 - 02:30 | 4256221 FreedomGuy
FreedomGuy's picture

There are small pieces of what you say that i might agree with, but mostly disagree.

After WWII and coming out of the depression people had profound confidence in government. Official story was that FDR got us out of the depression and beat the filthy Nazi's. When I was a kid FDR's socialist leanings were never mentioned in line with the National Socialists of Germany and the Soviet Socialists of Eastern Europe.

By the time I was a little kid we landed on the moon (or we staged it, right?) and confidence in government was probably at an all time high. Nixon took us off the gold standard and tried to freeze prices and wages and created three or four new government agencies.

Businesses of any sort are not the core problem. The core problem is government and the power we give it over us. Government cuts the favors to banksters, one percenters, military-industrial complex, etc. Walmart, Starbuck's, General Dynamics, Krupps, or even Sachs cannot get to you, your money or your freedom without government. Once government establishes power in all areas of life than anyone can get favors and money. The government owns all the police forces. Sears did not set up the NSA. Citibank cannot do to you what the IRS does to you. Hometown Bank cannot outlaw Bitcoin or gold as legal tender. General Motors cannot raise your taxes but can get some of them if it makes friends in government. It was not the medical device industry or even insurers that set up ACA. Now that it is here all parts of medicine will pay big campaign money forevermore trying to get a better deal in it. It is endless money for the Congressional Mafia we set up.

You might be right about Hillary. If not Hillary some other will come to do the same. Whoever it is will find the framework all set up for them. If they have the sworn loyalty of the 10 million strong bureaucratic state and police forces we can nothing about it. The Supreme Court has even caved and pretty much said the State can do what it likes, just be careful what you call your abuses of power.

Wed, 12/18/2013 - 04:55 | 4256348 The Heart
The Heart's picture

Outstanding enunciation of some real truth.

Thank you.

Wed, 12/18/2013 - 01:31 | 4256137 barroter
barroter's picture

Nice revisionnism. What Germany did during the war was to keep up production for domestic goods...along with military ones.  As for misappropiation of goods to the public, blame the Gauleiter's for acting like party hacks.

Wed, 12/18/2013 - 02:03 | 4256179 lakecity55
lakecity55's picture

Never trust a Marxist's coments about NSDAP policies.

Hitler fired Dr Schaact from the Reich Bank and took over control himself. He used party hack Funk as a front-man.

Too much bad blood between NAZI and Communist although both systems are two sides of same coin.

Wed, 12/18/2013 - 03:56 | 4256303 The Abstraction...
The Abstraction of Justice's picture

Nazism was Germanic communism. And Communism is and was Jewish Nazism. Too much 'racial thinking.'

Wed, 12/18/2013 - 05:22 | 4256369 Zero Point
Zero Point's picture

Wooden plumbing?

Fucking respect, that's ingenous.


Wed, 12/18/2013 - 05:49 | 4256383 supermaxedout
supermaxedout's picture

I'm not a fan of Hitler but to say that he was not effective in his actions is absurd. 

He was absolutely ruthless but he loved modern technique, arts and architecture. He turned the administration completely upside down in many fields and forged it by brute force into effective tools. No man before him and after him had such an absolute power as Hitler had in his only 12 years of reign in Germany which included 6 years of WWII. This man had an extreme radical and evil genius. There is no doubt about that in my opion. His impact (both positive and negative) can still be seen and experienced everyday in many fields in Germany.  If you leave out his extreme obsessed hate towards the Jewish culture then all of his decisions very highly pragmatic and effective. And there is no doubt, that the economic situation of the bulk of the population of Germany improved dramatically in the time prior to WWII compared to the time following WWI.

By the way Hitler what most people do not know,  was a schoolmate of Ludwig Wittgenstein who is known according to wikipedia as an Jewish Austrian-British philosopher.

The Wittgensteins were enormously rich second only to Rothschild in the Austro-Hungary empire prior to WWI.  Many sources on the net indicate that Hitler and Wittgenstein were friends for some years.  Do the research for yourself in your country, you will be amazed about this hidden part of Hitlers biography.    In Germany it is difficult (nearly impossible)  because the net censurs this theme in Germany. While having a stay in Italy I stumbled over it and there the sources are available. It is widely believed that the two were friends and it is suspected that they had a homosexual relation which later turned into hate. 


Wed, 12/18/2013 - 06:10 | 4256391 supermaxedout
supermaxedout's picture

Here a picture showing both Hitler and Wittgenstein during their school time at the small state run  K+K Realschule in Linz (Austria).

Wed, 12/18/2013 - 11:51 | 4257096 Againstthelie
Againstthelie's picture

There is no doubt about that in my opion. His impact (both positive and negative) can still be seen and experienced everyday in many fields in Germany.

It's called social market economy and after WWII it was kept. Or the "Sozialpartnerschaft", a community of employers and employees instead of the marxistic/capitalistic class-warefare, is also a product of Hitler's Nationalsocialism: understanding that a people should not be divided into thousand lobbies and each one tries to fight the other one, while above all the money lenders use one against the other, but all together must serve the wellbeing of the German people.

GEMEINNUTZ GEHT VOR EIGENNUTZ (the wellbeing of the community beats the wellbeing of the individual).

Which is in total contrast to Communism, where the individual has no right, and in Capitalism the community is nothing. In Nationalsocialism the individual is fully respected, but when it harms the community, the community comes first. Therefore private initiative and market economy as long as it is not damaging the society (for example: free education, electricity, home, healthcare and pension being guaranteed for everyone who works and these parts of the social life were not allowed to become target of profit maximization and therefore excluded from the market economy).

Or that young families had the right for an interest free mortage for building a certain kind of house. With every child born, 25% of the mortage were remitted. In conjunction with the disappearing unemployment this gave tremendous planning security for young families while in the Democracies workers didn't know if they would be able to feed their children next month.

People today have no knowledge what Nationalsocialism was about. They believe it was all about the Jews and an oppressive regime. While Churchill and Roosevelt and Stalin had to hide, Hitler drove around in his cabrio, Austria was "occupied" without a single shot and today people believe the whole world was against Hitler. The oposite is true: the whole world was admiring Hitler and Germany while the international banksters, Wall St. and their media and Hollywood was enraged and shocked and spewed their lies and hate.


Nothing has changed: Just like they act these days against Gaddafi, Hussein or Assad. Every government that does not allow the international banksters to plunder it's people, must perish...

It's about money and the sheeple in the West are fed with the prases about Democracy and freedom...

As soon as a regime is willing to plunder it's people, then the hypocrites do not care about the "values" anymore. Hitler said himself: if I would have signed what they had demanded, they would have called us a respectable decent regime. Like they did with Stalin. But in 1945, when Stalin showed he will not pay for the lend and lease deliveries, soon he became the new enemy.

The USA are not a state, they are a business camouflaged as state and as the "American dream" slowly dismantles, people begin to recognize that everything is controlled by lobbies and that the country is not a state, but only a business where the wealth is tranferred from the productive ones to the rich ones. It always has been that way, but now, with no more continents or big countries that can be successfully invaded, the parasitic regime slowly destroys it's own base just like cancer.

Wed, 12/18/2013 - 12:00 | 4257217 moneybots
moneybots's picture

"People today have no knowledge what Nationalsocialism was about. They believe it was all about the Jews and an appressive regime."


I don't recall ever thinking that German nationalsocialism was about the Jews.  It certainly was oppressive toward Jews and communists.

Wed, 12/18/2013 - 12:10 | 4257261 moneybots
moneybots's picture

"Nothing has changed: Just like they act these days against Gaddafi, Hussein or Assad. Every government that does not allow the international banksters to plunder it's people, must perish..."


Rumsfeld smiled and shook Saddam's hand.  He later said, "I think we can work with him."

Everything was fine toward Saddam until he invaded Kuait.  Even then, Bush Sr. didn't send the U.S. Army to Baghdad, to depose him.

Wed, 12/18/2013 - 23:35 | 4259651 FreedomGuy
FreedomGuy's picture

I never confused National Socialism or Fascism with it's racism. You can do one without the other. BTW, Hitler considered virtually all races inferior. He had no love for slavs as he invaded the East and they eventually turned on him. He did not care for Arabs (who now buy his book en masse) either. However, neither of those groups held much power in Europe at that time.

I do assert that as one of the many forms of socialism, Fascism still sucks. You may say there are some good points but it fails at the same points as all other collectivist and autocratic governments fail. It is bad economics and it gives governments too much power which will always get abused.

You understand that when you criticize what you see as capitalism in America actually proves my point. It is about government favors. BTW, a government of favors and advantages is not capitalism or what I prefer to call voluntary exchange. It is another form statism. In that sense, I oppose it as much as national socialism or whatever kind of socialism you think is really nice and morally superior.

Wed, 12/18/2013 - 06:22 | 4256390 falak pema
falak pema's picture

Lol, Poor Keynes, he gets badly treated by his arch rivals who use his name to hang every crime ever commited. He is the prime Satanist of the Von Mises Revisionist school.

Hey, neither Mussolini nor Hitler NEEDED Keynes to justify their totalitarian programs.

You Von Mises revisionists are prepared to bend history to hang your coat on Keynes as bogeyman for all Satanist crimes commited by others. 

LEts stick to facts. The greatest proponet of QE infinity and ZIRP was Alan Greenspan! The favourite son of Ayn Rand and Objectivism and John Galtism. Hahaha! So pin that also on Keynes! 

In 1930 Keynes wrote his Treatise of Money which Hayek commented in 1931 as : out of the box thinking and a work of great originality and experimental thinking. We all know that Keynes was a trail blazer. His earlier works  the COnsequences of Peace of the Versailles Treaty written in 1919 and his Treatise on Probability were hailed as seminal works of originality and proved immensely enrichening by their contribtion to understanding economia.

So hanging the coat of totalitarian economic decisions that Mussolini or Hitler made in the 1920s and early 1930s before Keynes wrote his OPus the General theory in 1936, is revisionist history of a special kind. 

Even Joan Robinson pointed that out above...

Nice try VON keep blowing that revisionist bogey man logic of "Carthago delenda est", pinning it on a man who probably did more than any Austrian to the understanding of a Vodoo science called economics that is but the means to a political POWER logic as we see today. 

As cherry on the cake might I remind you that Keynes in his private life made good money as investor on the Stock market. You can chew on that, while you plug your gold bugging in a fiat world bent on debasing PM's for reasons of Aristocratic autocracy, the Oligarchy POWER dictat; which has nothing to do with Keynes and FDR who cut off those Oligarchy nuts in their times with Glass Steagall.

Reality is a bitch when we sell revisionism from a stodgy basement think tank spouting stale economic dogma.

For those interested in CONTEXTUALISING that debate between Keynes and Hayek in 1930/1931 here are some extracts (Even Hayek admits that Keynes, the out of box thinker, was doing great "experimentation") :

A Treatise on Money - Wikipedia, the free encyclopedia

JSTOR: Economica, No. 33 (Aug., 1931), pp. 270-295

Wed, 12/18/2013 - 09:01 | 4256600 Quinvarius
Quinvarius's picture

Keynesianism doesn't work.  Nothing you ever say will make that change.  Keynes was a crackpot who was only latched onto because he gave governments an argument, that some morons might believe, to continue the time tested failed policies of money printing, cronyism, and economic intervention.  Keynes was wrong.  In the end he is merely a collectivist apologist of the same rank as Baghdad Bob.

Wed, 12/18/2013 - 10:41 | 4256936 falak pema
falak pema's picture

well I don't know about the future but the past was written by him. So until the Austrians show their stuff for REAL he is the only reference today of this past gold exchange standard age of BW.

Since 1971 and Friedman's victory of floating rates in fiat $ hegemony we left the true Keynesian world.

So extrapolating Keynes in this new environment post 1971 is all smoke and mirrors.

Your affirmations concern Greenspan's world and what has ensued.

Before your criticise, contextualise, get your historical chronology right and then you can compare Keynes's world to today's. Like I said an economist is only a shaman for the Power construct...Savvy???

And, A nation state is a collective construct. It has collective rules called LAWS. Didn't you know that in your libertarian jungle of la-la land?

WHat are you a Neo con, a paleocon, or just a tea drinking con man, a wolf in sheep's clothing?

All these so called freedom utopians cannot relate to the real world and have some illusion about how the WEST WAS won and what ensued.

Wake up. Its bg business that runs your world and alas, ours as well ! 

Wed, 12/18/2013 - 23:40 | 4259657 FreedomGuy
FreedomGuy's picture

You need to read more Locke and Bastiat on real laws and their corruption. You also need to read up on Nation-State, collective and cooperation. They are not all the same.

Big business does NOT run our world. Government runs our world and some businesses try to buy favors because we put so much power and wealth there.

I suggest it is you is asleep and mired still in the theology of governments good and bad.

Wed, 12/18/2013 - 11:05 | 4257000 TrulyStupid
TrulyStupid's picture

So what is Keynesianism and what part of it doesn't work? Keynes name is thrown around by everyone else in the huge game of buck passing.

Corporate Socialism in America was ushered in with Reagan's supply side economics and Milton Freidman's monetarism in an effort to sustain the military-industrial complex after its humiliating and costly defeat in Vietnam. Keynes was nowhere in sight.

Wed, 12/18/2013 - 23:47 | 4259673 FreedomGuy
FreedomGuy's picture

You need to do your own reading so you will not be stupid. Put simply, Keynes believed in economic central planning and controlling the "commanding heights" of an economy. When the economy slows Keynes argued the State could sort of step in and support the economy with substitute government spending until the economy recovered. He actually did not espouse unending huge deficits and fiscal shenanigans as we have today but his theories enabled it. It is kind of like communism. On paper it may look okay but the actual implementation goes the way of human nature and gets off track.

Your economic history really sucks. You think GM did not have big influence in WWII? You think these things started with Reagan? Have you actually ever heard or listened to Reagan's speeches going back to Goldwater? Stay off the lefty websites.

Wed, 12/18/2013 - 07:51 | 4256459 Mad Muppet
Mad Muppet's picture

Amerika, the Fourth Reich.

Wed, 12/18/2013 - 10:51 | 4256937 Againstthelie
Againstthelie's picture

This article is BS.

A look at the military expenditures compared to the GDP show that in the first five-year plan, Germany was BELOW the military expenditures of the USA, GB and France!

It's a propaganda lie of the interest slavery promoters (Keynesians, Austrians), that Hitler revived the economy with the military. Even two years into the war, the military expenditures were quite low, the civilian economy too big and that btw, was the reason for Goebbels famous "total war" speech.

Germany's economy revived because of three things:

1. It stopped it's tribute payments.

2. The international high finance was excluded from it's international trade. A barter system was introduced.

3. The economy was put from head on it's feet: instead of the people serving the economy and the economy serving the debt slavery money, the money was put into it's fundamental role of serving the economy and the economy serving the people.

Mises and friends of interest slavery were thrown out and while the standard of living for the German worker increased, for example in Britain it was forbidden for the KDF-holyday cruisers to harbour, because the Brits should not see, that ordinary german workers and their families could afford to go on a cruise, the workers in the US and Britain and France were living in poverty and depressions.

While Roosevelts "New Deal" was a total failure and the USA had the highest unemployment rate until they entered the war against Germany, Hitler's economy denied speculators and money lenders to suck off the fruits of productive labour (for example: profits of companies had to be shared with the employees and not being transferred via dividends to the money lenders) and by stripping international high finance off the german trade, did almost completely eliminate unemployment within five years, while foreign debt was also reduced dramatically. Despite the US in a depression, the German Reichsmark gained against all plutocratic currencies.

Within the country crime almost disappeared, culture, art and science flourished while the western world was drowning in debt, crime and unemployment. If this new way of an economy, between Capitalism and Communism, not under control of international banksters would spread (and in the US there were already strong political movements to get rid of Wall Streets debt slavery, too!), this would have been the end of Wall Street's Capitalism and it's materialistic brother Communism where people lived under incredibly poor circumstances.

Wed, 12/18/2013 - 23:53 | 4259686 FreedomGuy
FreedomGuy's picture

Seriously? Crime disappeared in Germany the same way it disappeared in the Soviet Union. As long as you think states cannot commit crimes you are correct.

Your economic history is myopic and self serving. If you believe that about 40% GDP to the military is the source of economic revival then you would have to give the same credit to FDR. You would have to make statements like, "FDR got us out of the depression with WWII."

Wait a minute...


Wed, 12/18/2013 - 10:46 | 4256955 esum
esum's picture

Look... Hitler conquered europe and the ussa bailed it end its depression...  What if he had pulled it off and not attacked russia... All the spoils of war would have backed up the inflated curency... how is obumbler going to back up the inflated ussa peso... with hot air and bullshit ?? with the media licking his balls ?? by selling selfies on ebay ?? by mobilizing the military in a coup ?? yeah right, after cutting veterans benes... better watch out... santa claus is coming to town...

Wed, 12/18/2013 - 11:22 | 4257056 ArrestBobRubin
ArrestBobRubin's picture

Gosh, what amazing parallels. Too bad the author fails to see this is in fact a rehash of Bolshevism, brought to you by the great grandkids of those warm and wonderful folks who murdered 50 million White Christian Russians. You know, to create a "workers paradise". Kinda like we have here!

DHS = Cheka

How many Nazis have run the Fed??? I mean the German kind.

Wed, 12/18/2013 - 11:47 | 4257098 moneybots
moneybots's picture

"Learning why their economy failed can teach us how to avoid the same fate."




Greenspan and Bernanke knew the lessons of the Great Depression.  Congress knew the lessons of the Great Depression.

They repeated the same fate anyway. 

Greenspan knew back in the 1960's that 1920's FED ploicy lead into the Great Depression, yet he doubled down on 1920's policy anyway.  Bernanke knew in 1988, that QE DOESN'T WORK, yet he does QE.

Congress knew not to dismantle Glass Seagall, yet did it anyway.

You think that learning why Hitler's military economy failed, is going to teach us how to avoid the same fate?



History rhymes for a reason.  People take advantage of the past for personal gain.  They use the lessons of the past to their personal advantage.  Thus the pattern repeats.  Greenspan took advantage of his knowledge of 1920's FED policy.  People worshipped him as The Maestro, for his taking advantage.









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