Is Austro-Libertarianism a Semitic Scam?

A Greenbacker Invents a Nut-Case History of Libertarianism

Gary North

Feb. 20, 2012

I have been asked by several of my subscribers to respond to this article: Proof Libertarianism is an Illuminati Ploy. It appears here: http://www.henrymakow.com/libertarianism_as_an_illuminat.html

Let me say, before I begin, that the author of this article is the only person I have come across who could profitably study with Ellen Brown.

There is a subhead: William S. Volker (1859-1947) was a wealthy German-Jewish businessman.

There is a biography of William Volker, Mr. Anonymous (1951). On Page 16, we read:

After supper they gathered around Dorothea to pray and to listen to her read passages from the Bible. The Scriptures finished, she laid the Bible aside and explained the practical application of each admonition. Dorothea also passed along to her children the plain homilies she had learned from her parents. She spoke with serious purposefulness; her steady voice revealed her deep conviction. William joined his mother’s circle of instruction before he could comprehend all her teachings. And each Sunday the whole family attended the Lutheran Church services in Esperke where the family prayers were supplemented with more formal worship.

From here, the article goes downhill.

At the end of the article, we learn:

Anthony Migchels is an Interest-Free Currency activist and founder of the Gelre, the first Regional Currency in the Netherlands. You can read all of his articles on his blog Real Currencies

In short, he is a Greenbacker. He believes in the same fiat money utopia that Ellen Brown promotes. But, when compared to Mr. Migchels, lawyer Brown is a Pulitzer-Prize candidate in history.

Far from defending freedom, the Illuminati created Libertarianism to reflect their Social Darwinian and racial supremacist ideology. With its opposite twin, Communism, they control the dialectic. The efficacy of this tactic is demonstrated by their duping the “Truth Movement.”

I am not sure how he got from William Volker to the Illuminati. But, in the wacky world of Greenbackism, anything is possible. “Connecting the dots” produces some truly dotty connections. This article is among the dottiest.

“You say that Marxism is the very antithesis of capitalism, which is equally sacred to us [Illuminati Jewish bankers.] It is precisely for this reason that they are direct opposites to one another, that they put into our hands the two poles of this planet and allow us to be its axis. These two contraries, like Bolshevism and ourselves, find their identity in the International.” — Otto Kahn, Investment Banker

I hope Mr. Kahn was better at investing than he was in social theory.

Actually, there is no record that Mr. Kahn ever said this. He was a highly successful banker and a literate author. We have here another example of an invented quotation. It is a way of life for Greenbackers.

William S. Volker (1859-1947) was a wealthy German-Jewish businessman. Dismayed by the rise of socialism in America, he created the Volker Fund to support a reactionary ideology based on “laissez-faire” and Social Darwinism. This was to become Libertarianism.

Volker created the Volker Fund in 1932 to finance hospitals and charities. Only late in his career did he use the Fund’s money for ideological purposes: local civic government education. He lived in Missouri, and he was a long-time critic of boss Tom Pendergast and Pendergast’s hand-picked local politician, Harry Truman. This did not make him a member of the Illuminati.

Libertarianism and its twin sister Austrian Economics were invented by the Money Power to be the opposite of Communism in a dialectic.

Well, all I can say is that the Money Power sure has short-changed me for 50 years. Here I am, a certified running dog of the capitalist class, and I have had to bankroll myself since 1967.

Anyway, the author believes in Marx’s dialectic. This indicates a certain lack of perception on his part. The Marxian dialectic had some tough times back in 1991. You may have read about this. The Communist Party did the unforgivable. It committed suicide. It handed over the infrastructure to the party’s insiders and cashed out. Marx called this the “cash nexus.” Boy, was he right!

So, the Money Power invented Austrian economics (developed by Karl Menger in 1871) and libertarianism (a term coined by Leonard E. Read around 1946) in order to fight Communism (created in 1848 by an unemployed Ph.D. and his capitalist donor). The Money Power in 1871 was really smart. It spotted a couple of Gentiles to do the deed. Menger’s disciple, Eugen von Bohm-Bawerk, another Gentile, did not write his first critique of Marx until 1884, a year after Marx died. He buried this critique in a long, detailed book, History and Critique of Interest Theories, which almost no has ever one read. Why didn’t they come to him and say this? “Look, Eugen, publish your Marx critique as a pamphlet. You have just got to come up with a better title. This might work: Marx Was a Commie. That will sell a lot better.” How they could have foreseen that Menger would launch the Austrian School remains a mystery to every other historian of Communism and libertarianism. I say this as the author of a 1968 book on Marx.

According to this amazing report, (from which all non-specified quotes here are taken,) “Volker was no great scholar or thinker. The ideology he set out to create was built upside down, starting only with a set of foggy conclusions for which he had a predisposition. From these conclusions, it was the task of Volker’s considerable fortune to find a set of justifications, then an enabling ideology or “theory” that gave it all perspective and unity and, eventually, a true philosophical platform from which to launch the whole.”

Whoever wrote that amazing report has some serious problems with grammar. “. . . it was the task of Volker’s considerable fortune to find a set of justifications. . . ” I can visualize it. There was that considerable fortune, sitting at its desk, planning a series of justifications. Then the fortune called in Volker and said, “Look, Bill, you have got to spend me more effectively. Now here’s my plan. . . .”

The anonymous author speculates that Volker was a secret fascist. He offers no evidence. You may recall how well the Jewish Money Power did in Germany, 1933-45. But I digress.

Continue reading

From Gary North, here.

God’s Absolute, Undying Truth

Truth Never Dies

Author Unknown

Truth never dies. The ages come and go.
The mountains wear away, the stars retire.
Destruction lays earth’s mighty cities low;
And empires, states and dynasties expire;
But caught and handed onward by the wise,
Truth never dies.

Though unreceived and scoffed at through the years;
Though made the butt of ridicule and jest;
Though held aloft for mockery and jeers,
Denied by those of transient power possessed,
Insulted by the insolence of lies,
Truth never dies.

It answers not. It does not take offense,
But with a mighty silence bides its time;
As some great cliff that braves the elements
And lifts through all the storms its head sublime,
It ever stands, uplifted by the wise;
And never dies.

As rests the Sphinx amid Egyptian sands;
As looms on high the snowy peak and crest;
As firm and patient as Gibraltar stands,
So truth, unwearied, waits the era blessed
When men shall turn to it with great surprise.
Truth never dies.

By the way, we referenced the above article in our free, special ebook on answering atheists. To receive the full Hebrew ebook, subscribe to Hyehudi’s Daily Newsletter here.

Minimum Wage Laws Are ACTUAL Racism

Minimum Wage and Discrimination

There is little question in most academic research that increases in the minimum wage lead to increases in unemployment. The debatable issue is the magnitude of the increase. An issue not often included in minimum wage debates is the substitution effects of minimum wage increases. The substitution effect might explain why Business for a Fair Minimum Wage, a national network of business owners and executives, argues for higher minimum wages. Let’s look at substitution effects in general.

When the price of anything rises, people seek substitutes and measures to economize. When gasoline prices rise, people seek to economize on the usage of gas by buying smaller cars. If the price of sugar rises, people seek cheaper sugar substitutes. If prices of goods in one store rise, people search for other stores. This last example helps explain why some businessmen support higher minimum wages. If they could impose higher labor costs on their less efficient competition, it might help drive them out of business. That would enable firms that survive to charge higher prices and earn greater profits.

There’s a more insidious substitution effect of higher minimum wages. You see it by putting yourself in the place of a businessman who has to pay at least the minimum wage to anyone he hires. Say that you are hiring typists. There are some who can type 40 words per minute and others, equal in every other respect, who can type 80 words per minute. Whom would you hire? I’m guessing you’d hire the more highly skilled. Thus, one effect of the minimum wage is discrimination against the employment of lower-skilled workers. In some places, the minimum wage is $15 an hour. But if a lower-skilled worker could offer to work for, say, $8 an hour, you might hire him. In addition to discrimination against lower-skilled workers, the minimum wage denies them the chance of sharpening their skills and ultimately earning higher wages. The most effective form of training for most of us is on-the-job training.

An even more insidious substitution effect of minimum wages can be seen from a few quotations. During South Africa’s apartheid era, racist unions, which would never accept a black member, were the major supporters of minimum wages for blacks. In 1925, the South African Economic and Wage Commission said, “The method would be to fix a minimum rate for an occupation or craft so high that no Native would be likely to be employed.” Gert Beetge, the secretary of the racist Building Workers’ Union, complained, “There is no job reservation left in the building industry, and in the circumstances, I support the rate for the job (minimum wage) as the second-best way of protecting our white artisans.” “Equal pay for equal work” became the rallying slogan of the South African white labor movement. These laborers knew that if employers were forced to pay black workers the same wages as white workers, there’d be reduced the incentive to hire blacks.

South Africans were not alone in their minimum wage conspiracy against blacks. After a bitter 1909 strike by the Brotherhood of Locomotive Firemen and Enginemen in the U.S., an arbitration board decreed that blacks and whites were to be paid equal wages. Union members expressed their delight, saying, “If this course of action is followed by the company and the incentive for employing the Negro thus removed, the strike will not have been in vain.”

Our nation’s first minimum wage law, the Davis-Bacon Act of 1931, had racist motivation. During its legislative debate, its congressional supporters made such statements as, “That contractor has cheap colored labor that he transports, and he puts them in cabins, and it is a labor of that sort that is in competition with white labor throughout the country.” During hearings, American Federation of Labor President William Green complained, “Colored labor is being sought to demoralize wage rates.”

Today’s stated intentions behind the support of minimum wages are nothing like yesteryears. However, intentions are irrelevant. In the name of decency, we must examine the effects.

From Lewrockwell.com, here.