Properties of fascism

Bigdog said:
At least they still have to compete with each other.

I always liked Abe Lincoln's Greenbacks.
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oh jesus, give it a rest please.

libertarians compulsively defending fascism is really starting to make me sick.

so as long as someone somewhere competes with someone.... the system is redeemed allelujah god bless sloganeering.

as if there was a monopoly somewhere you would be for breaking it up........

would you?
 
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Dutch Uncle said:
Two words: Pedo Nazis.

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By the early 1930’s both Kurt von Schröder and Hjalmar Schacht were members of a tight group of German businessmen and financiers known as the “Keppler Circle,” which had been formed when Hitler asked businessman and Nazi party member Wilhelm Keppler to recruit a group of men who could be relied upon for economic advice when the Nazis took power. Originally Keppler had recruited about 12 businessmen for the group, but after Hitler’s appointment as chancellor this rapidly grew to 40 or so, representing all aspects of German finance and industry nationally and internationally. Additionally Nazi SS Chief Heinrich Himmler became tightly involved with the group, serving as its protector in exchange for their support. (To facilitate that support, in the mid 1930s von Schröder had established at his J.H. Stein Bank in Cologne an account known as “Special Account S” to be used by the Circle members for depositing pledged funds for use by Hitler and the Nazi government. According to von Schröder, in a letter he wrote to Circle members in early 1936, the funds were to be used for, “…certain tasks outside the budget.” God knows what that meant…and to what use the funds were actually put.)

From all of this one can see that by mid 1933, just after Hitler came to power, the two Germans now on the board of the Bank for International Settlements, Hjalmar Schacht and Kurt von Schröder, were both well connected, not just in Nazi Germany but in the broader world of international banking. They had played key roles in bringing Hitler to power and both had tight communication lines to Montagu Norman and the Bank of England. As noted earlier in this series Norman and Schacht, who were the prime movers behind the formation of the BIS in the first place, were close friends. Through his family’s banking connections and his position on the board of the J.H. Stein Bank in Cologne, Kurt von Schröder was known and did business everywhere. I don’t believe the Nazis and Germany could have been better represented at the BIS than by the two Germans now on its board.

In May of 1933 Gates McGarrah, though retaining a seat on the BIS board, resigned from his post as BIS president. Replacing him was Leon Fraser, an American attorney and economics expert who played a significant role as an advisor in both the Dawes and Young Plan negotiations. With Hitler now in power in Germany, Hjalmar Schacht was getting much pressure from the Nazi leadership to get all of the loans Germany had undertaken earlier under the Dawes and Young Plans to fund its reparations payments written off. The financiers in Wall Street and London who arranged the loans didn’t really care what Germany used the money for; they just wanted to know they’d get their money back. In June of 1933 Schacht told the BIS board members that he supported Germany’s repayment of the Dawes Plan loans but not those undertaken as part of the Young Plan. Germany, Schacht said, simply did not have the funds to pay both. Of course this didn’t sit well with Germany’s creditors and the situation festered until May of 1934 when a conference chaired by BIS president Fraser was held at the Reichsbank in Berlin in an effort to resolve the situation. The conference failed utterly at finding a solution and as a consequence Germany announced a complete moratorium on all of its medium and long term debts, including all Young AND Dawes Plan loans. Needless to say this caused uproar among Germany’s creditors and also in the BIS, which prompted Fraser to issue a statement protesting the “thoroughly arbitrary way in which the German government has disregarded its arrangements.” In the end, however, it seemed there was little the BIS or anyone else could do about it.

Reichsbank president Hjalmar Schacht
Reichsbank president and BIS founder and board member Hjalmar Schacht
Notwithstanding these Nazi strong arm financial tactics, Hjalmar Schacht understood that if Germany were to engage in a blanket default of all of its loan obligations it would do irreparable harm to the country’s credit standing and trust worthiness in the eyes of the world, not to mention further tarnishing the new Nazi government’s already rogue image. His main intent in these actions was to disengage Germany from the BIS administration of these loans, and in this he and the Nazis succeeded mightily. Once this was accomplished he very rapidly negotiated separate agreements with Germany’s creditors in seven different nations, albeit at reduced interest rates and payments. To help free his country from the detested reparations burden, the German Reichsbank president had successfully turned on the bank he helped to create (the BIS).

If there ever were any doubts about the BIS’ ability to fulfill its supposed prime directive—the management of the German reparations payments—Schacht and the Nazis had settled them; at that task it was obvious the BIS was a total failure. As noted earlier, however, the reparations mission was far from the only thing Montagu Norman had in mind when he and Schacht created their “cozy banker’s club.” A clue to this is gotten from an article written by Gates McGarrah, the first BIS president, and published in a magazine called “Nation’s Business”[14] a short while after the BIS was created. In the article he acknowledges that the management of the reparations payments was a routine action that any trust company could have performed, and then goes on to explain what the BIS was really all about:

“The conception seems to have formed in the popular mind that the Bank for International Settlements, which began at Basel, Switzerland, May 20, 1930, was organized merely to handle German reparations payments and the so-called inter-allied debt and that its principal operations are concerned with the German debt payments. That is a mistaken, although an understandable, view. / Although the prime reason for the bank’s creation was to administer the monthly sums paid into it by Germany, this duty has already become the smaller side of the Bank’s activities. The handling of the German reparations payments is a routine operation which any trust company could carry on. Within six months after opening for business the bank has developed much larger and more important activities and has become a medium of service, which is one of the saving features in a tense world situation… / The Bank is completely removed from any governmental or political control. No person may be a director who is also a government official. The Bank is absolutely non-political and is organized on a basis purely commercial and financial, like any properly managed banking institution. Governments have no connection with it nor with its administration.”

As McGarrah states, what the BIS really became (and was intended to be) was an apolitical “medium of service,” and that this was one of its “saving features in a tense world situation.” As Germany and the world in the mid 1930’s rolled on towards World War II, it would soon become apparent to what use this new, non political “medium of service” could be put—thus demonstrating it to be a “saving feature” to no one but the devil.

http://fromanativeson.com/2016/07/1...national-settlements-part-iii-by-mark-arnold/
 
Bigdog said:
At least they still have to compete with each other.

I always liked Abe Lincoln's Greenbacks.
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They aren't competing in fact they are colluding with each other and the Federal Government through the DNC as an end around the Constitution, it's totalitarianism with extra steps.
 
AssHatZombie said:
oh jesus, give it a rest please.

libertarians compulsively defending fascism is really starting to make me sick.

so as long as someone somewhere competes with someone.... the system is redeemed allelujah god bless sloganeering.

as if there was a monopoly somewhere you would be for breaking it up........

would you?
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I am a realist about human nature. Give that Kumbaya BS a rest.

What corporation has a TRUE monopoly? Maybe Disney, now that copyright law extends protection into perpetuity. I am certainly open to breaking up monopolies because I believe fair competition is an essential part of liberty, and centralized power is a danger.

Your real problem seems to be with the banks, but you have no solution to the problem. I suggested Greenbacks. Cut out the middle man and just borrow the money from ourselves. Will it ever happen? No, but it's an interesting topic to me.

As we see in your post about BIS, the German gov't said FU to the banks.
 
Shoresy said:
They aren't competing in fact they are colluding with each other and the Federal Government through the DNC as an end around the Constitution, it's totalitarianism with extra steps.
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Give me an example of collusion (not coercion by the gov't), please?
 
Bigdog said:
I am a realist about human nature. Give that Kumbaya BS a rest.

What corporation has a TRUE monopoly? Maybe Disney, now that copyright law extends protection into perpetuity. I am certainly open to breaking up monopolies because I believe fair competition is an essential part of liberty, and centralized power is a danger.

Your real problem seems to be with the banks, but you have no solution to the problem. I suggested Greenbacks. Cut out the middle man and just borrow the money from ourselves. Will it ever happen? No, but it's an interesting topic to me.

As we see in your post about BIS, the German gov't said FU to the banks.
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good you're open to breaking up monopolies.

most libertarians are not.

thats an instrusive state in their book.

you're one of the good ones.

most people are good, but cowed into silence by assholes.


bankers murder for talks of developing a new currency.

see Quadafi and an african gold backed dollar.

yet, it is the right solution.
 
if human nature is so awful shouldnt we just forget about laws and civilization and all that?

the spiritually lost are dangerous. j/k.:cool: but kinda.
 
Bigdog said:
Give me an example of collusion (not coercion by the gov't), please?
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well oil companies compete but they collude to bring the nation into war for oil.

pnac big oil/military industrial complex donations, see carlysle group, boeing, halliburton.

bomb it, rebuild it..... all on taxpayers back, privatizing profits at both ends.
 
BidenPresident said:
a sense of overwhelming crisis beyond the reach of any traditional solutions;

the primacy of the group, toward which one has duties superior to every right, whether individual or universal, and the subordination of the individual

the belief that one’s group is a victim, a sentiment that justifies any action, without legal or moral limits, against its enemies, both internal and external;

dread of the group’s decline under the corrosive effects of individualistic liberalism, class conflict, and alien influences;

the need for closer integration of a purer community, by consent if possible, or by exclusionary violence if necessary;

the need for authority by natural leaders (always male), culminating in a national chief who alone is capable of incarnating the group’s destiny;

the superiority of the leader’s instincts over abstract and universal reason;

the beauty of violence and the efficacy of will, when they are devoted to the group’s success;

the right of the chosen people to dominate others without restraint from any kind of human or divine law, right being decided by the sole criterion of the group’s prowess within a Darwinian struggle.

https://leiterreports.typepad.com/blog/2022/09/semifascism-and-trump.html#more
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I like the first one it makes you look retarded right out of the gate. Hilarious
 
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