This is the fourth article in a series on the financial/economic forces that will eventually tear Weimerica apart, much to our long-term benefit. In this piece, let’s take a look back at some historical precedents and how they may or may not provide us with insights on what’s to come.
The collapse of the USSR is an analogy made by Ron Paul for what must happen to the US before any meaningful reform can be achieved. I don’t find that completely helpful. True, the system broke down over there. It was painful in the short term, but in the long run, the Russians were better off. This is unhelpful because our problems are not the same, and communist Russia existed mostly outside the global market system. We’re gonna take much of it down with us. Moreover, these were people truly acquainted with misery. They never had much to begin with. An old person in Leningrad during the collapse of the USSR experienced real hardship, but it was nothing compared to what they’d lived through in the past. What’s an empty supermarket to a guy who probably ate the frozen corpse of his neighbor during the German siege? This will be much more disconcerting for a people accustomed to tapping on an app so that a pizza arrives within 30 minutes.
The Great Depression
This was an economic calamity but the country had a fraction of the current population. Moreover, a considerable percentage of these people lived pretty subsistence lives on rural farms, often without electricity. Unemployed city dwellers often had family there to shack up with. The Depression couldn’t really disrupt the average person’s food supply the way it can today. There was no gigantic, complex international market between themselves and much of what they ate. Grocery stores are stocked on a 24 to 48 hour basis. That’s the short window it would take for something unpleasant to unfold this time around.
Demographically, the country was mostly all white except for the South. But even in the South, the blacks had yet to be taken off subsistence agriculture, concentrated into cities, and put onto welfare. With so many people today living lives utterly dependent on the government, the situation is far more tenuous than it was back then.
Unlike today, the US government had a lot of leeway to overspend in order to address the situation. FDR responded with the New Deal, approved by a compliant Congress composed of white men. The effectiveness of these programs is unclear, but that’s not the point. FDR was able to assure distressed, working class whites that the President really gave a shit about them, and was doing big stuff directly for them. In doing so, he provided enormous stability. After World War 2, a prosperous, expanding America simply grew out of the debts accrued during that period. A contracting 3rd world country could never hope to repeat this process.
The 2008 Financial Crisis
When the subprime mortgage crisis hit, central banks responded swiftly by digitally creating trillions in their respective currencies to bail out the financial sector and slashing interest rates to almost nothing in order to prevent a repeat of the 1929 crash. They really didn’t have a choice. The global banking system was probably hours away from being shut down. That’s how fast shit hits the fan, even when people are completely unaware of the feces about to spray them. Unfortunately, they’ve continued these policies to some extent ever since. The European Central Bank has even bought up corporate bonds, and the Swiss central bank now owns more public shares of FB than Mark Zuckerberg. Thus, when the next one hits, a repeat of the 2008 approach won’t work. The can cannot be kicked down the road indefinitely.
Since the government’s financial response is a matter of speculation, it’s best to focus some on some other historical examples to understand the challenges that we could personally encounter. Let’s start with the Long Hot Summer of 1967. The country hasn’t been as white or prosperous as it was in 1967 since 1967. Nonetheless, 159 “race riots” (chimping) broke out across the nation. This was the summer that sealed the fate of the world’s once-foremost industrial city, Detroit.
Fast forward to 1992, when California was still quite white, prosperous and considered a Republican-contestable state. Unfortunately, any condition is fertile for a chimpout. During 6 days of the infamous LA Riots, 55 people were killed, at least 2,000 injured, and about 3,700 buildings got destroyed. Ominously, the Negro rioters were complemented by hordes of Hispanics. In a taste of what we can expect next, the whole fiasco degenerated into a bizarre multi-ethnic brawl. Chain-smoking Korean shopkeepers shot it out with Cholos in a preview of the apocalypse. I truly worry that America is essentially now a national equivalent of “The Octagon”, in which we’ve imported scum from around the word to fight in a brutal cage match. At any rate, California is now virtually insolvent. Last year, LA had to borrow 6 billion to prop up its pension fund. 17% of the state budget goes to illegals. Smooth sailing ahead!
Let’s move on to the Current Age of BLM riots. I’m sure we’ve all seen the footage of them trying to throw a photographer onto a bonfire in Charlotte or blocking a road and getting blown into the air by panicked white drivers. That’s what happens when they’re being fed and sheltered in the manner to which they’ve become accustomed. What would a proper bread riot look like? And what reason would it have to stop? These are the questions that we should ponder. In the final article, I’ll share some thoughts about reasonable personal steps one can take to avoid getting caught up in all of this.
-By Tommy Shackleford