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Are Tariffs The Answer?

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Are Tariffs The Answer?
July 26 2025

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Brother Nathanael @ July 26, 2025

51 Comments

  1. Brother Nathanael July 26, 2025 @ 5:46 pm

    Are Tariffs The Answer?

    Government expands, inflation grows, productivity declines, in our current design.

    Are tariffs the answer?

    Ever since Trump’s launch it’s been chaos and disaster.

    Yesterday Trump hinted at giving Americans a rebate from tariffs.

    But that’s more “big daddy candy” in our face.

    Just scrap the income tax.

    Admit it.

    Government spending is the least efficient form of economic output.

    Anything the government does can be done for less in the private sector.

    Just like Elon’s Starlink and Space X done twenty times less.

    On the down side, tariffs give government revenue used for wasteful spending.

    On the plus side, tariffs incentivize making products at home.

    But Trump adds a tariff, removes a tariff, lowers a tariff, threatens a tariff.

    What business can make a game plan with this chaos?

    Most businesses sit it out, TIGHTEN THEIR BELTS, delay production, cut employment, or either sue Trump—which some have done.

    The way out can be done in a snap.

    Scrap the income tax.

    Now you get up in the morning knowing your earnings won’t be fleeced by big gov.

    You got ready cash and you want stuff.

    Entrepreneurs say, “I’m gonna make something that these guys need.”

    The economy booms, and government give-aways are swept away with a prosperous private sector broom.

    Here’s my plan.

    For now, we keep the tariffs, but stable tariffs paleeze.

    Then scrap income tax so people can afford the ‘tariffed’ goods.

    Start-ups will spring-up, offering better and less costly domestic things.

    We once had “Fruit of the Loom” in Bowling Green but now overseas.

    So let’s make our underwear here and call it “Loom Of The Fruit” and make it in Duluth.

    Then we make pants, dresses, Maytags, Frigidaires, doing the very same things.

    And the best part of it all?

    Tariffs—combined with no income tax—means we rely on our own production, less imports, less tariff revenue, which equates to less government wasteful spending.

    Diminishing returns can be good, don’t fear.

    Government power is decreased every year.

    Freedom is a money-making deal.

    This is why America boomed before 1913 when there was no income tax.

    Mister Trump.

    There’s one thing you must do to make your legacy last.

    Scrap the income tax, you’ll put American economy on the fast track.

  2. CarolABinkley July 26, 2025 @ 6:44 pm

    I think sometimes Trump uses the threat of tariffs to other countries to open them up to American products, which have been derailed in that country.

    Probably one of those “The Art of the Deal” moves.

  3. DDDDDuane July 26, 2025 @ 6:45 pm

    Great video as usual…Tariffs were created to force us to buy domestic goods. NOTHING is manufactured in the USA anymore. It’s ANOTHER tax from the latest piece of sh!t…

  4. Sean Hall July 26, 2025 @ 10:27 pm

    JFK signed executive order. # 11110, which took away Power from the Federal reserve, and gave the Power back to the U.S. Treasury.

    Less than 90 days later he was Assassinated in broad daylight.

    The Fed must be abolished, and so with it the 12 Banks that it is comprised of. Needless to say, the executive order was rescinded.

    Less than 50 years later here were are Trillions in debt. Essentially Slaves to a different MASTER. You want to abolish all Income Tax, then send the Fed packing back to Europe.

  5. Caveman July 27, 2025 @ 12:00 am

    The most important measure is: End the Fed!!

    There is no way of draining the swamp or MAGA without ending the Fed.

    And Trump should stop confusing the goyim by pretending that he can fire Jerome Powell: he can’t!

    There is a famous Alan Greenspan interview where he admits this. The Fed is a private central bank, mainly owned by none other than the Rothschilds.

  6. CG July 27, 2025 @ 12:28 am

    Dumb and deceived Murica’ is on the JWO global slave plantation of the Rothschild’s etc since 1913 via the big central jewy bank and the income tax bs so we wouldn’t know what freedom is in this terrible inflation and war laden last century of Jewish engineered chaos.

  7. ECHO_TANGO July 27, 2025 @ 9:20 am

    Why are you paying a tax on your labor?

    The Income Tax is an Excise tax. Excise taxes are on PRIVILEGED activities or events. Since when is working for a living, in the private sector, a PRIVILEGE?

    It’s NOT! It’s one of your most basic RIGHTS! Besides — INCOME = PROFIT or GAIN. You do NOT have PROFIT or GAIN by working. You have an EQUAL exchange of labor for compensation – NO INCOME!

    Only a SLAVE pays a tax on their LABOR!

  8. CarolABinkley July 27, 2025 @ 10:13 am

    Before you all get huffy and puffy, have any of you read the German banker von Gwinner’s (not Jewish) remarks to a NYC mercantile association on central banks, in about 1912? (You can access it on the NYT archives.)

    He explains first that the alternative to a central bank is worse than the cure (with no control over private banking), then, the fact that a central bank run by a coalition of both private and government entities (which is what the Federal Reserve is composed of, supposedly) can be meritorious, or it can be deleterious. In other words, it must be closely watched.

    I’ve had courses in economics; Money and Banking, and also a Master’s Course in Global Macroeconomics. I know there is a need for a central bank. The Bank does more than lend money; it watches the economy for one.

    And consequently, with the aid of Ben Bernanke and the Federal Reserve and the central banks of other countries, the 2008 catastrophic ‘event’ could have been much worse, ending in a greater depression, world-wide, than has ever been seen before.

    I don’t like to blow my own horn, but I was there in 2008 and helped out.

  9. Luke Wagner July 27, 2025 @ 11:57 am

    2 Timothy 2:3-7 KJVS
    Thou therefore endure hardness, as a good soldier of Jesus Christ. [4] No man that warreth entangleth himself with the affairs of this life; that he may please him who hath chosen him to be a soldier.

    [5] And if a man also strive for masteries, yet is he not crowned, except he strive lawfully. [6] The husbandman that laboureth must be first partaker of the fruits. [7] Consider what I say; and the Lord give thee understanding in all things.

  10. Citizenfitz July 27, 2025 @ 2:42 pm

    For a chuckle, go to Google, Yahoo, Bing, or any of the other internet propaganda stores and type in “Ukrainian helicopter gets shot down” and wait for what comes up.

    Some Ukrainian helicopter aviators get a free dose of reality:

    https://www.reddit.com/r/CombatFootage/comments/1j3hwff/ukrainian_mi24_shot_down_over_luhansk_in_august/

  11. Rebel Roy July 28, 2025 @ 3:49 am

    God bless you Brother Nathanael.

    We are taxed and therefore slaves, we don’t own our labor. Serfs had it better.

    We must produce our own quality products and we must be allowed to buy the light bulbs we want, the type cars we want with the features we want, and toilets that have more than a teacup of water in them.

    God wants us to be happy and the demons in government look for ways to make us miserable.

    Take care and keep doing the Lords work.

    Christ is Master and Lord.

    Thank you for all you do, you are appreciated and important.

  12. Charles Brandenburg July 28, 2025 @ 7:06 am

    Info:

    Freedomlawschool.org

  13. the international hyenas July 28, 2025 @ 10:26 am

    The 2024 Federal tax revenue was $4.9T of which income taxes constitute $2.4T and payroll taxes constituted $1.47T making a combined total of $3.87T or 79% of total government revenue.

    So if you ended income tax and payroll taxes you cannot balance the books.

    You can however reform the monetary system created in 1913 which necessitated the creation of an income system that very same year.

    In 2024 $1.1T or 22.5% of government revenue was being paid out annually to bondholders which are either the central bank (because of Quantitative easing) or private bondholders.

    All money in circulation is debt based and is only created in 1 of 2 ways:
    a) Newly issued BASE money created by central bank using quantitative easing
    b) Fractional reserve lending by private banks using central bank created BASE money

    The twofold solution is
    a) Government fund their deficits by issuing newly created base money without issuing bonds (debt free money)
    b) They end the fractional reserve banking scam by imposing full reserve banking i.e. banks can only lend out what they own and not their clients money

    If all this was done responsibly there will be no inflationary effect since the 1st would lead to an increase in the money supply whereas the 2nd would lead to a reduction in the money supply.

    Quantitative easing and fractional reserve banking constitute all the money in circulation.

    Current talk of paying off the national debt is nonsense since if you did that there would be no more money in circulation!!

    How many people realize that when you look in your bank account and see the figure $6250 every one of those dollars is paying interest at least once and NOT only ANNUALLY BUT PERPETUALLY.

    Worse still the same applies to every individual and entity that has a positive bank balance.

    You may think “This is nonsense I have no debts with any bank so how can I be paying interest on that money”.

    The simple answer is that digits in a bank account cannot exist unless created by interest paying debt (hence the name “debt based monetary system”)

    Thus someone along the chain borrowed that money and it has ended up in your account e.g. X took out a bank loan of $6250 to buy your car off you.

    This means if all the bank debt in a nation is paid off no digits would exist in any bank account.

    So reform of the monetary system is what we need as a first step before we consider abolishing income tax.

    Of course all readers of RJN know who would blow the biggest tantrum if we embarked on such a reform.

  14. PeterK July 28, 2025 @ 12:38 pm

    Not to be off subject but my buddy sent me this. Your thought brother Nate?

    https://www.youtube.com/shorts/AhVTF0LTkhY

  15. Citizenfitz July 28, 2025 @ 2:41 pm

    Speaking of Black Sabbath, I haven’t listened to them in a long time, but I’m still convinced Bill Ward remains one of the most uninteresting drummers in rock.

  16. The Wit and Wisdom of Joe Tzu July 29, 2025 @ 7:47 pm

    “We don’t have a race problem in America; we have a problem race.”

    Beautiful White girl getting real about our problem race: https://www.youtube.com/watch?v=l_yUmkwdgB4

    Another beautiful White girl, Sydney Sweeney, is taking heat for a commercial she appeared in: https://www.youtube.com/watch?v=Z9yTTSm6exM

  17. Rabbi O'Reilly July 30, 2025 @ 4:30 pm

    I’m going to re-purpose another one of your songs, Glickman. And what are you going to do about it? there’s not a damn thing you can do about it!

    Ha, ha, ha, ha, ha, ha, ha, ha….

    I’ve Been Blowing on the Shofar

    I’ve been blowing on the shofar
    All the live long day.
    I’ve been blowing on the shofar
    Just to pass the time away

    Can’t you hear my shofar blowing?
    “Rise up, rabbi’s on his way!”
    Can’t you hear the neighbors groaning?
    “Rabbi, you’re insane!

    “Rabbi, don’t you blow,
    “Rabbi, don’t you blow,
    “Rabbi, don’t you blow your sho-oh-far!
    “Rabbi, don’t you blow,
    “Rabbi, don’t you blow,
    “Rabbi, you’re an old blowhard!”

    And whinging: “Oy vey! Fiddle-ee-hi-ar
    “Oy vey, fiddle-ee-hi-ar-ar-ar-ar
    “Oy vey, fiddle-ee-hi-ar
    “Blowing on the old shofar!”

    Kvetching in the kitchen with rabbi
    Kvetching in the kitchen, “Oh, woe! Woe! Woe! Woe!”
    Kvetching in the kitchen with rabbi.
    Everybody is our foe!

    And whinging: “Oy vey! Fiddle-ee-hi-ar!
    “Oy vey, fiddle-ee-hi-ar-ar-ar-ar
    “Oy vey, fiddle-ee-hi-ar
    Blowing on the old shofar!

  18. Aaron July 31, 2025 @ 10:37 pm

    I work in the Tax Resolution industry and boy oh boy is it just saturated with tax debt customers.

    People are (secretly) losing their minds over the huge sums of money they owe the IRS and cannot pay. It is PURE slavery. I try to help them pay it down without taking away their level of living they enjoy.

    Income tax really needs to be abolished, I can say this even though I make BIG money in the industry it is so bad I feel it should be ENDED completely. The problem is they consented when they filled out a 1040. If they do not live in D.C. federal zone UNITED STATES they do not owe income tax.

    I cannot do anything about it since they already CONSENTED to be TAXED. The only thing I can do is offer a resolution plan.

  19. Caveman August 2, 2025 @ 12:39 am

    @International hyenas,

    What you wrote is 100% correct, we have a debt-based system. It is based in usury, forbidden by God as -for example- per Ezekiel 18:13 and Luke 6:35.

    By creating money out of thin air (“ex nihilo”) the Jews imitated God but used this creation powers for their evil objectives: to conquer the world and enslave mankind.

    Countries can create money, and if done correctly, it allows a payment system to exist and the economy to thrive, without inflation.

    Thus, to answer CarolABinkley, the problem is not the existence of a central bank, but a PRIVATELY-OWNED central bank that charges interest for every dollar created. Alas, I should say a Jew-owned central bank, much worse even!

    Therefore: END THE FED!

  20. CarolABinkley August 2, 2025 @ 10:28 am

    The Fed is not a privately owned central bank. It seems, today, as if it is, and it may be NOW, but to remedy this is something that must be well thought out.

    If you read my comment, you will see that the Federal Reserve was meant to be governed by BOTH private bankers, and government officials.

    And by the way, I worked with Ben Bernanke, and found him to be quite caring and intelligent.

  21. Rabbi Glickman August 2, 2025 @ 2:49 pm

    Ach! This morning I tried to disown my son. The reasons aren’t important.

    When I started to intone the solemn oath, he said, “You can’t disown me!”

    “What do you mean I can’t disown you? You aren’t the first child I’ve disowned, and you won’t be the last!”

    He shouted, “You can’t disown me, because I disown YOU first!”

    What? Can they do that? Can a son disown his own father? I’ve never heard of such a thing before….

    Rav Mortichai?

  22. Rav Mortichai August 2, 2025 @ 4:49 pm

    For the Love of MAGA, The Oy Veys

    MAGA, MAGA, MAGA, MAGA (MAGA)
    (repeat 5 times)

    Some goyim like tariffs, oy vey,
    Some goyim really need em, oy gevalt,
    Stop kvetching oy, just play along wid duh goyim,
    Well, jews gonna make their shekels anyway and do good things for us jews, yeah,
    Talk about golden shekels, (rub hands)

    Talk about golden shekels, (more spastic hand rubbing)
    Gold, dollars, l’chaim!!!

    (For the love of MAGA) goyim will tax their own mother
    (For the love of MAGA) goyim will rob their own race
    (For the love of MAGA) goyim can even walk the streets
    Because they never know who antifa will beat
    For that mean, oy mean, orange machine
    Almighty MAGA

    (Repeat many such verses)

    Duh music… https://m.youtube.com/watch?v=Z5QLbnfFWg0

  23. Rav Mortichai August 2, 2025 @ 7:49 pm

    Can a son disown his rabbi father?

    According to Talmudic and Rabbinical law, the male head of household is responsible for all things under his domicile and therefore has final say with regard to all therein.

    If the son is of age, and living under his own roof, he may do so at his peril. Renouncing his jewishness.

    A son can never disown a rabbi father. It is forbidden even during the time of Moses and before. It would be like a jew disowning father Abraham.

  24. Caveman August 2, 2025 @ 8:01 pm

    Dear CarolABinkley,

    It is a fact that the FED is privately owned. I will re-post below what I wrote some 10 years ago. There probably is more recent information on the matter, but the 2003 info serves as a base for discussion.

    THE ROTHSCHILDS OWN THE FED – PART 1

    Just like their master, Satan, the Rothschilds try to make you believe that they don’t exist!

    Some HARD-HITTING FACTS may help. They were obtained by Robert Gaylon Ross Sr. in 2003 through the Freedom of Information Act and published in his 2004 book “The Elite Don’t Dare Let Us Tell the People”. http://www.4rie.com/rie%208.html

    The Federal Reserve is divided in 12 (!!) districts with each a regional bank. They own differing shares of the FED as a whole. In 2003, their shares were:

    1- FED of New York: 23.7%
    2-Richmond: 23.4%
    3-San Francisco: 11.8%
    4-Chicago: 10.5%
    5-Cleveland: 7.6%
    6-Atlanta 5.5%
    7-Boston: 5.1%
    8-Minneapolis: 3.9%
    9-Philadelphia: 2.9%
    10-St. Louis: 2.6%
    11-Kansas City: 1.8%
    12-Dallas: 1.3%

    I will show you that the Rothschilds own majority shares at least in the FEDs of New York, Richmond, San Francisco and Minneapolis, therefore controlling AT LEAST 63% of the FED.

  25. Caveman August 2, 2025 @ 8:03 pm

    THE ROTHSCHILDS OWN THE FED – PART 2

    Ross revealed the shares of PRIVATE BANKS for each of the 12 regional banks. With (Rot) I mark the ones controlled/wholly owned by the Rothschilds (often through their straw men, like Rockefeller). Here we go:

    New York
    -Citibank: 37.7% (Rot)
    -JP Morgan: 28.5% (Rot)
    -HSBC: 9.6%
    -Manufacturers & Traders Trust: 6.4%
    -Deutsche Bank Trust America: 6.1% (Rot)
    -All others: 11.8
    ROTHSCHILDS: 72.3 %

    Richmond
    -Bank of America: 52.6% (Rot)
    -Wachovia Bank: 35.6% (Rot)
    -All others: 11.8%
    ROTHSCHILDS: 88.2 %

    San Francisco
    -Wells Fargo: 52% (Rot)
    -All others: 48%
    ROTHSCHILDS: 52 %

    Minneapolis
    -Citibank South Dakota: 39.1% (Rot)
    -Wells Fargo Minnesota: 19.4% (Rot)
    -TCF National Bank: 7%
    -Citibank: 5.1% (Rot)
    -All others: 29.5%
    ROTHSCHILDS: 63.6 %

    I will spare you the rest. With simple mathematics you can see that Satan’s Ambassador on Earth, Rothschild, owns the Fed.

  26. Caveman August 2, 2025 @ 8:22 pm

    THE ROTHSCHILDS OWN THE FED – PART 3

    It is necessary that these hard facts be known by the public.

    Robert Gaylon Ross’ book is a must-read!

    https://www.amazon.com/-/es/Robert-Gaylon-Ross-ebook/dp/B00ANYAJQS/ref=tmm_kin_swatch_0

    JESUS CHRIST is our Lord and Saviour!

    If God is for us, who can be against us?

  27. Whiskey Mike August 3, 2025 @ 4:12 am

    Your thoughts are on the things of this world.

    We’re not getting out of $40T debt. USA will be punished for making doing business with the devil – Communist China. May the Lord have mercy on all of us.

    Should have nuked them in Viet, but instead we fought and died in vain in Viet. We lost that war, Jews in the fed corrupted our money after. 250 years was a good run for the USA.

    This nation will reap the fruits of laying in bed with Bolshevism. Tariffs a drop in the ocean. Money appears out of thin air and falls into Jews laps during synagogue.

  28. Rabbi Glickman August 3, 2025 @ 11:59 am

    Ach, Rav Mortichai! Even our own kids hate us. How we suffer.

  29. Rav Mortichai August 3, 2025 @ 7:08 pm

    Yes Rav Glickman, how we have been made to suffer. Our suffering is legendary, oy gevalt.

    Duh goyim could not comprehend our pain. Yet we endure it in silence, never once complaining.

    Back to the subject. Rabbinic law also states that a rabbi can disown any family member living or dead for any reason or no reason (their sins be on their head), but a rabbi may not disown his own rabbi father. It is strictly forbidden.

    l’chaim!

  30. CarolABinkley August 4, 2025 @ 10:08 am

    I worked with the Fed. I srudied the Fed’s methods and goals.

    I explained that to you. Why do you keep coming up with these absurd conspiracy theories?

  31. Rabbi Glickman August 4, 2025 @ 4:57 pm

    Oy, oy, oy, Rav Mortichai… what kind of world do we live in? Where the kids now think they can disown their parents before their parents disown them?

    But one must soldier on… in majestic silence… without kvetching or self-pity.

  32. The Englishman August 5, 2025 @ 4:54 am

    H.M. British Terrorists caught Red Handed in Ukraine.

    Just how low can a once-great people sink?

    Two reports this morning (Sonar 21 & VT) on the capture by Spetsnaz special forces of three high-ranking British officers facilitating the vengeful drone attacks on civilians in both Russia & Ukraine. One is said to be Colonel Edward Blake, a photo of him (Veterans Today) shaking hands with the grubby stooge Elenski, with the mongrel Turk Buffoon in the background.

    Well, you brainless upper-class morons, the obscene wages the Rothschild government pays you ain’t going to help you out of this one.

    Does His Majesty King Charles III ever reflect on the fact, as a great-nephew of Nicholas II, that his government betrayed Nicky, and that Christian Russia under Putin today reveres the memory of the Romanovs?

    This puts our beef steak kt, Knight of the Realm, in an invidious position.

  33. The Englishman August 5, 2025 @ 5:35 am

    As a woman, dear Carol, are you confident that beguilement played no part in the gentleman you worked with, whom you “found to be quite caring and intelligent”?

    Ben’s Curriculum Vitae fits the bill of your archetypal jew.

    “Absurd” forms no part of our “Caveman”

  34. Sir Loin August 5, 2025 @ 7:23 am

    Sir Englishman,

    Right! A bit of a sticky wicket, as it were. It would seem there’s more than meets the eye, very precarious for a knight errant these days. I should hesitate to pass judgement on His Royal Majesty until all the facts are in and I have a new passport issued. Wouldn’t want to dally too long here on Patmos.

    God save the King!
    Sir Loin, kt

  35. Rabbi Glickman August 5, 2025 @ 9:04 am

    Oy gevalt, what’s a rabbi to do when his own children, the work of his life, try to disown him before he can disown them? I will raise my heart in song!

    The cry of my people….

    Hi Diddle-Dee-Dee (A Rabbi’s Life for Me) – by Pornocchio

    Hi-diddle-dee-dee
    A rabbi’s life for me
    A big fedora and bigger brain
    A vault of gold and a porn store chain

    Hi-diddle-dee-day
    A rabbi’s life is gay
    It’s great to be a divinity
    A rabbi’s life for me

    Dum-dee-dum-dee-diddle-dee-dum….

    Hi-diddle-dee-dum
    A rabbi’s life is fun
    You trick the goy and disown your kids
    And then run back to hide out with Yids
    And shake your wives down to give them gets
    A rabbi’s life for me

    Hi-diddle-dee-dee
    A rabbi’s life for me
    A toxic mortgage and long, black coat
    And rubbing your hands in glee, you gloat
    And people thinking that you’re The GOAT
    A rabbi’s life for me!

  36. CarolABinkley August 5, 2025 @ 10:28 am

    Englishman, why do you say that?

    Beguilement by Bernanke, when Mr. Bernanke received a 4-hour lecture from myself, for certain actions he mistakenly took thinking it would help? He was young and inexperienced in those days, the fall of 2008.

    If it appears that he is not ‘caring and intelligent’, if it appears he is working against ‘fair play’, it most likely is a ploy, as is most of Mr. President’s ‘anti-Semitism’ remarks and actions.

    And by the way, just so you’ll know, among my other talents, I, like Paul Atreides of Dune fame, KNOW when you mean what you say.

  37. Citizenfitz August 5, 2025 @ 4:33 pm

    I’ve wondered about Ben Bernanke too. Although he’s a jewish central banker, he doesn’t look like a kike. Not like Jonathan Greenblecchhh, or Barbara Lerner Specter, or Charles Schumer, etc, do.

    He doesn’t look mean. He looks smart, like a university physics professor. So, maybe he’s one of the good ones.

    And to tell the truth life was better, for me at least, when he was chairing the Fed. Same for Alan Greenspan.

  38. CarolABinkley August 6, 2025 @ 11:44 am

    Citizenfitz, I agree with you about Greenspan.

    I like him too. Friedman and Schwarz are brilliant investigators; but Friedman plays in the currency markets, and speculation in that market hurts the values of the currencies. In fact, I believe speculation–anywhere–is harmful to the health of capitalist markets.

    Yet, Newton lost 700 pounds in the South Sea bubble, and Irving Fisher, economist, lost money in the stock market crash of 1929. Fisher came up with the velocity theory of money. I think he was trying to parallel Einstein’s theories, using the velocity, the turn around, of money.

  39. Citizenfitz August 6, 2025 @ 6:28 pm

    Carol, what do Fed chairs do exactly?

    I see them as sort of an equivalent to the baseball, NBA, NFL… commissioners. Trying to satisfy the owner’s wants, while at the same time keeping a lid on things and dealing with various problems as they arise, etc.

    Am I close?

  40. Carol Binkley August 7, 2025 @ 1:03 pm

    Citizenfitz, your question, what do Fed Chairs do, I answer by explaining one of the reasons we have a central bank: to monitor the economy and address issues that would (supposedly) remedy excesses in the supply/demand curves and business cycles themselves.

    Open market operations, and the interest rate at the discount window are two of their tools. Mr. Bernanke, in the fall of 2008, overcompensated with regard to interest rate decreases, triggering a sell-off in Wall Street. Thus, the lecture. He added there were other tools, Quantitative Easing, for one, which I hadn’t studied. And still haven’t, as I have gotten out of that discipline, for the present.

    What the heads of the central banks in the U.S. and in Europe accomplished that fall, when credit in the overnight lending operations of private banks simply froze up–no lending means no available funds–was to coordinate reductions in the various discount window rates, (coordinated so as to prevent the skewing of international capital flows), but would loosen up the credit markets.

    It was touch and go for awhile there. But without the central banks acting in concert, who knows what could have happened. Depressions, following excessively ‘loose’ money in the 19th century were common in America, and the private banks use of their fractional reserves to enrich their “interlocking directorates” rampant. (Other People’s Money and How the Bankers Use It, by Brandeis, is a landmark study of this very thing.)

    Von Gwinner, “leading German banker”, advised the establishment of a central bank in America, but warned: “America would require in establishing a central bank so to shape it’s Constitution that it’s policy could never be controlled or manipulated for political interest or for the interest of a special financial group. If the bank became the plaything of special interests it would prove more fatal than the disease it was created to destroy.”

    (This was a speech given Jan. 3, 1912, to the annual dinner of the American Association of Commerce and Trade). You can access it in the New York Times archives.

  41. CarolABinkley August 7, 2025 @ 1:15 pm

    Continued:

    Von Gwinner (non-Jewish by the way) also advised: “…America’s economic structure would remain unstable so long as arrangements were not perfected for increasing the elasticity of the currency.”

    When you read this last statement, keep in mind that science and industry in Germany towards the end of the 19th century was one of the great economic drivers of prosperity in Germany due to that ‘currency elasticity’.

    He said more: “The German Imperial Bank was the latest and best model of such an institution. It’s regulations provided for a self-contracting currency system which proved an effective check on unsound financial and industrial expansion.”

    He then went into the American “…phenomenon of clearing house certificates…” which I have not studied, but wish to. And this reminds me of the greatest reason for a central bank: its function as a clearing house, between private banks.

    Needless to say, I agree with von Gwinner. As a moderate monetary economist, I would of course.

  42. CarolABinkley August 7, 2025 @ 1:20 pm

    Rav Mortichai, I wanted to add something to your ongoing description of the ‘J-Ws suffering’.

    I am beginning to realize that to them, in their minds, their suffering is unique and intense. This also contributes to, or maybe is the result of, their belief that they were ‘set apart’, ‘chosen’, selected to be Yahweh’s ‘chosen people’.

    It feels, to them, “Nobody can suffer like the chosen people. We’re so special!”

    Victimhood is also part of that: no victim is a greater victim than the ‘special people’.

  43. Caveman August 8, 2025 @ 12:23 am

    @CarolABinkley,

    I only cited published books about the Fed, but you say those are “conspiracy theories”. Yet, we are supposed to believe you that you lectured Ben Bernanke in 2008 when he was “young and inexperienced, although he was 55 years old and tenured Stanford professor for over 20 years?

    That the same “Helicopter Ben” that oversaw the financial collapse of the country in 2008?

    You seem to have a penchant for Jewish bankers, Chicago Boys (Friedman!) or at least those that obey them.

    Because, dear Carol, von Gwinner was not Jewish himself, but he was married to Anna Speyer, daughter of the famous Jewish Banker Philipp Speyer. Anyone that minimally studied the subject of German finance in the late 19th and early 20th century knows that it was 100% controlled by Jews: Rothschild, Warburg (ideologue of the Fed!), Schiff, Speyer and a host of others that emigrated to the US (Kuhn, Loeb, Kahn, etc).

    The Reichsbank, established in 1876, was…privately owned! It was effectively one of the templates for your beloved Fed (the other being the Bank of England):

    https://en.wikipedia.org/wiki/Reichsbank

    If you want to read a good German economist of that time opposed to the Jews better try with Gottfried Feder’s “Manifesto on breaking the shackles of interest”, or at least Silvio Gesell’s works.

  44. CarolABinkley August 8, 2025 @ 11:06 am

    Caveman, you need to go back to your cave.

    Mr. Bernanke was inexperienced in regard to monitoring and moderating the economy. In fact, in the summer of 2008, he was considering raising interest rates, as he perceived a rise in oil prices as indicative of a period of inflation. In most cases, a rise in the price of oil is a one-time shock to economy; the problem with oil price increases is that it is transferred down the line, due to the use of oil in transportation.

    I actually wrote to him, regarding my suspicions that the oil price increase was indicative of more than an inflationary period, and that in fact a contraction in the money supply was a more plausible occurrence.

    I don’t have time to talk to you, Caveman, you are blind to everything but your need to blame somebody.

  45. CarolABinkley August 8, 2025 @ 11:06 am

    One more thing, Caveman, 55 is NOT old.

  46. CarolABinkley August 8, 2025 @ 11:10 am

    I know all I need to know, Caveman. And I suspect your assertions. I know that von Gwinner was married to a Speyer, whose family was also into banking. I know about the Warburgs and the Schiffs. I KNOW these things and more.

    And I KNOW that you are not an intelligent person, and not worthy of my time.

  47. Rav Mortichai August 8, 2025 @ 5:18 pm

    Shalom Carol,

    Nothing is more true, that jews suffer more than any other people. And we never complain about it, not one bit. Ever!

    Why just yesterday I called the US Embassy to report a mean antisemite and they put me in hold for 10 minutes. I was timing it too, 10 whole minutes.

    I’ve reported the matter to the Mossad. My good friend Cham Witz will get to the bottom of it.

    l’chaim!

  48. CarolABinkley August 9, 2025 @ 11:20 am

    Yes, Rav Mortichai. And perhaps Jews suffer because they are chosen, they are special, so even their suffering is SPECIAL. More than other ‘seeds’; and lasting longer, and has been around for 3 or 4 thousand years or so.

    Do you reside in Israel, Rav Morti?

  49. Caveman August 10, 2025 @ 12:06 am

    @CarolABinkley,

    You wrote:

    “And I KNOW that you are not an intelligent person, and not worthy of my time.”

    If you need to resort to ad hominem slander without properly answering the substance of my post, I will rest my case!

  50. Carol A Binkley August 14, 2025 @ 12:53 pm

    I’ve been thinking, and I thought we could get a lot of mileage out of something like this:

    You are an anti-Semite if you think NYC is overpopulated.

    You are an anti-Semite if you agree with Thomas Carlyle about his Great Man thesis in regard to the prophet Mohammad (PBUH).

    You are an anti-Semite if you don’t like the Fed.

    You are an anti-Semite if you complain about interest rates.

    Etc.

  51. CarolABinkley August 22, 2025 @ 9:56 pm

    Rav Mortichai, are you old enough to remember this song by Firefall (Strange Way):

    https://www.youtube.com/watch?v=rGNKxBEJtJI

    I remember listening to this song in the early ’80’s, and after I had a nice chat with Edge Copilot concerning how Jews view history, I thought of it.

    “That’s a strange way to tell me you love me, when your sorrow is all I can see, if you just want to cry to somebody, don’t cry to me…”

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