American Dissident Voices for October 11, 2008 Bailout, or Bail Out? By Erich Gliebe Hello everyone, and welcome to another broadcast of American Dissident Voices, the Internet radio program of North America’s foremost racialist organization, the National Alliance. I’m your host and the Chairman of the Alliance, Erich Gliebe. For those of you who listen to these broadcasts regularly, you will remember that we don’t often discuss economic issues. There are two main reasons for that. For one thing, I and the other members of the National Alliance are more concerned with specific racial matters than with economics. The Jewish control of the news and entertainment media, non-White immigration, and the mixing of the races at all levels of our society are, for us, more pressing and more important topics than the economy. The other reason that I don’t usually dwell on economics is that, as I openly admit, I am no expert on such matters. I’m far more familiar and comfortable with racial, political, and social topics than I am with economic ones. For me, as for most Americans, the world of the economy and high finance is a murky world of doubletalk, hidden costs, and confusing rates of this or that. I suppose that those who came up with the system of finance and credit that we now have in the United States would justify their system by saying that it is one of the most efficient and free-market systems of the capitalist economy, but to me it seems deliberately confusing, such that ordinary Americans who entrust their money to financial corporations really don’t have any idea what is being done with their money, how much the company is skimming off, and so on. A good example of financial companies skimming off way too much of the profits from using their investors’ money is the compensation awarded to Richard Fuld Jr., the former Chief Executive Officer of the investment bank Lehman Brothers. You might have heard that Lehman Brothers filed for Chapter 11 bankruptcy on September 15th of this year. Just this past week, on October 6th, Fuld testified in Congress before the House Oversight and Government Reform Committee, which is trying to make sense of the collapse of Lehman Brothers as well as Fuld’s role in that collapse. Richard Fuld, Jr., by the way -- in case anyone is interested -- is a Jew. And before the House Oversight and Government Reform Committee on October 6th, in typical Jewish fashion, Fuld both accepted and denied responsibility for the collapse of Lehman Brothers. Fuld stated, and I quote: “I take full responsibility for the decisions that I made and for the actions that I took.” But at the same time, he denied any errors in judgment in making those decisions. If a White man were to make the same comments, we would call him a two-faced liar because of the clear contradiction between those statements: If you accept responsibility for the decisions you made with regard to the company, and then the company goes belly up, you obviously made some mistakes, had errors in judgment, or what have you. We’ve all seen White men on TV -- perhaps they were athletic coaches or managers -- who, after the game, say something to the effect of “Well, So-and-so said that the injury wasn’t hampering his performance on the field, and so I elected to leave him in the game. I see now that that was a mistake on my part; I should have pulled him and gotten a fresh horse in there.” It was an honest mistake by the coach -- he meant well -- but it was definitely a mistake, and he admitted to it. The White race-soul is fine with acknowledging one’s own mistakes…as long as one makes every effort to NOT make the same mistake in the future. Apparently, that isn’t the case with the Jewish race-soul, and the more time I spend observing and studying the Jews, the more I am convinced that what White men call being “two-faced” is simply the way Jews are. That statement isn’t a criticism; it’s just an observation, but it’s an important observation. Jews can say two contradictory things and sleep just fine at night, while we Whites who hear it lie in bed tossing and turning, trying to reconcile what can’t be reconciled and wondering exactly WHAT the Jew was trying to say. Let me help you sleep better from now on: The Jew meant NOTHING, but was only trying to save his own skin AND say at least something that he thought you wanted to hear. Anyway, for all of his Orwellian doublethink and doubletalk, Richard Fuld didn’t do too badly for himself as CEO of Lehman Brothers. During the Congressional hearing, Fuld himself estimated that he had been paid about $350 million in compensation between the years 2000 and 2007. That’s $43.75 million per year, on the average. Based on the median income for an American household in 2007, which was $50,233, we can say that Richard Fuld, Jr. earned as much in one year as the typical American household would earn in about 870 years. Imagine the typical American household working as hard as it does now, starting in the year 1138 -- which was between the First and Second Crusades in Europe’s meddling in the so-called “Holy Land.” And by the end of this year, 2008 -- 870 years later -- that family would have earned about what Richard Fuld earned in one year as Lehman Brothers CEO. Of course, there’s inflation and all of that, but my point here is that many thousands of Americans entrusted their investment money to Lehman Brothers, and high-up executives like the Jew Richard Fuld and others raked in a good portion of that money for their personal benefit, far in excess of what they need and what is reasonable. During the hearing on October 6, Committee chairman Henry Waxman of California told Fuld, and I quote, “You made all this money by taking risks with other people’s money… The system worked for you, but it didn’t seem to work for the rest of the country and the taxpayers, who now have to pay $700 billion to bail out our economy.” Fuld joins other amoral Jews -- including Michael Milken, junk bond trader, and Ivan Boesky, who was convicted of insider trading -- who have amassed untold millions at the expense of naïve American investors. All of this brings us to the current financial chaos that has had Wall Street reeling for the last couple of weeks and that has had the country on pins and needles for a much longer period than that. The financial woes of most average Americans, of course, have been going on for many months now, what with the high gas prices and the associated rising costs of everything else, not to mention the housing market, which has pushed foreclosures to near-record levels in recent months. If the average consumer is still worried sick about whether there will be enough food on the table next week, at least Wall Street is breathing a sigh of relief these days, since Congress passed a $700 billion bailout bill on October 3rd. The new legislation is meant to re-establish trust in the credit market so that banks will start lending again. The hope is that that will get the economy back on track, or at least prevent a massive depression that some economic forecasters were predicting if the bill had failed. For what it’s worth, I find it interesting that Congress didn’t seem to be doing much when Joe and Jill Sixpack were suffering, but as soon as Wall Street started to quake, the legislative ants got very busy, and they kept at their work until they succeeded. Actually, as many of you know, the bailout bill failed the first time around. A few days before the current bill passed, many legislators had voted “no” to the previous bill. A good portion of these Representatives and Senators had been flooded with calls from their constituents, who complained that the proposed bailout plan would be helping the very people and institutions who had created the shaky credit problem in the first place. In the minds of a surprising number of voters, the primary victims of the disaster -- working Americans -- would be footing the bill through taxes, covering the asses of greedy moneygrubbers like Richard Fuld who should have known better than to lend out the amounts they did under the conditions they did. But a few phone calls from the two men vying for the Office of the President of the United States changed the minds of enough of those who voted “no” to carry the day on October 3rd. Both Senator Obama and Senator McCain took time out of their busy campaign schedules to personally contact many of those in their respective parties who had voted “no,” encouraging them to reconsider when the bill came up a second time. And reconsider they did, with a total of 33 Democrats and 25 Republicans switching from “no” to “yes,” plenty enough to put another huge bill at the feet of American taxpayers. Now, I’m not here to pass judgment on the legislation itself. I don’t have enough training in economics for that and, frankly, I don’t care enough about economics to bother spending much time learning about it. That’s why our universities offer undergraduate and graduate programs in economics -- so that the rest of us can get an education in the specialty field of our choice and do what we need to do in the world. Unfortunately for the hundreds of millions of Americans who aren’t well-versed in economic matters, there is a point at which economics DOES matter to us; namely, when it starts to become difficult to put food on the table and to pay the bills for housing and utilities. As long as there is enough cash flow for that, we don’t worry about the economy. But in times like these, when people begin to tie the idea of money to the idea of simply staying alive, we start to wonder about the wider economy and where it is headed. And of course, we are totally at a loss in trying to make sense of an enormous and complicated system that we have spend most of our lives ignoring. So I’m not qualified to say whether or not the $700 billion bailout is a good thing or a bad thing. One thing I HAVE heard about the bailout: its effects will by no means be immediate. The federal government is going to buy up so-called “toxic” mortgages and other investments from shoddy financial institutions in an effort to restore faith in the system so that creditors will loosen up the cash. The essential freeze on extending credit has stifled the economy: banks won’t lend to each other, and businesses and consumers can’t get loans to move and shake like they want to. Any positive effects from the bailout -- assuming there are any -- will only be felt once the U.S. housing market begins to climb again, and that is going to take some time. In the short term, the Dow Jones has been lukewarm at best in responding to the bailout. The Dow was down more than 500 points combined in the first two days after President Bush signed the bailout bill into law, with no certainty one way or the other as to the Dow’s fate in the next month. And the financial crisis that has been so noticeable recently to Americans and that has occupied all of the air time on television news programs is NOT limited to the United States. All across Europe and Asia, there is fear of widespread economic trouble. No one knows what will come of it all, but I hope our race can somehow benefit. The best advice I can give you at this time with regard to finances is to be careful to not overextend yourself in credit debt. Make a plan to pay off your credit cards, cutting down elsewhere if you have to. Don’t buy things on credit unless you can be sure that you’ll have no trouble paying it back at the required time. Pay off your monthly credit bills every single month, and be smart about buying a car or a home. But more important for you and for our race as a whole: We don’t need a financial bailout by the government, a bailout that we will end up paying for in the long run and which will no doubt save the skins of lots of moneygluttons like Richard Fuld. We need TO BAIL OUT of this System. Bail out of this democratic System in which Jew-approved office seekers fly around the country telling the sheep-like masses what they want to hear in an attempt to sit on the perceived seat of power in Washington. Bail out of this multiracial System in which the White race is slowly suffocating under the weight of non-White immigration and racial mixing. Bail out of this System in which the media and the economy are simply tools of the enemies of our people, which are used to gather wealth and power for the Jews and to destroy the White race. The System is run by Jews, and they don’t have our people’s future in their plan. The plane is going down, and it’s time to bail out. Contact the National Alliance to find out how you can make a positive contribution to our race’s future. I’m Erich Gliebe, and thanks for being with me again today. =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-= SUBSCRIBE to NATIONAL VANGUARD, our unique, thought-provoking magazine -- $22 US, $30 Canada, and $40 Foreign. This is for six high-quality, glossy color issues: SEND $3 for our 88-page CATALOG of books and other items: National Vanguard Books P.O. Box 330 Hillsboro, WV 24946 =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-= Donations are needed to keep this program on the air. Give $20 today! http://www.natvanbooks.com/cgi-bin/webc.cgi/st_prod.html?p_prodid =599 =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-= ==> The National Alliance has a strict anti-spamming policy. 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