Whereas it is undoubtedly true that immigration and its consequences are of great importance, it remains an unfortunate fact that the importance of economics has been largely neglected by the nationalist community.
Nationalists need to better understand economics and the implications of various economic policies, particularly in times that are getting more extraordinary by the month. They need to comprehend these issues for a number of critical reasons – not least the ability to formulate and articulate nationalist economic responses.
It’s not a lot of use pointing to Westminster and Whitehall proclaiming their incompetence in matters economic and financial, if you have no constructive alternatives to offer – shallow slogans are no substitute for thought out policy.
A recent straw poll conducted amongst a group of cross-party MPs established that none of them knew the difference between budget deficit and national debt – a crass failing that nationalists cannot afford to replicate.
As the economic situation continues to deteriorate – as it will – so will the need for nationalists to promote a comprehensive raft of commonsense economic policy to a public ever more distrustful of politicians, economists and banksters.
An economic collapse presents an unprecedented opportunity for economic nationalism.
This site therefore has as much a duty to educate visitors as it has to inform.
With that responsibility in mind we today draw you attention to an interesting piece that begins:-
“Today’s publication of the preliminary estimate of first-quarter economic output was never going to be particularly exciting. Analysts should focus instead on the underlying picture, which remains a disturbing one. The economy is flat-lining, the living standards of the majority are continuing to deteriorate, neither the country nor the government is remotely capable of living within its means, and no-one in a position of authority really has much of a clue about how to put things right.”
More here: http://tullettprebonresearch.com/2013/04/25/unsteady-as-she-goes-the-back-story-to-flat-gdp/
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“This site therefore has as much a duty to educate visitors as it has to inform.” – precisely! This is a must that other nationalist parties past and present have singularly failed to do.
Nationalists should be protesting and forming demonstrations against the Bank of England and the City of Finance and the austerity measures but obviously, it is just Islam, Islam, god-damn flaming Islam all the time.
Nationalists could be pointing out how immigrants are the tools of the capitalists and the bankers.
Just a brief point to light the fuse………..if socialists understood economics then they wouldn’t be socialists.
Of course, Capitalism and Nationalism are incompatible over the long-term, speaking of ‘understanding economics.’
The main reason for the lamentable lack of serious attention to economics has been the idea carried down from 1930s snake oil sales that all can be cured in a day by altering the money system. If only…
The West is at a watershed following 50 years of unpredented prosperity but politicians carry on as though the current difficulties were merely a blip. The population wishes to believe it.
The public and many politicians continue to be believe that there are massive cuts in Government expenditure when the reality is that it is much the same. An equal ignorance to confusing the debt with the deficit.
The main reasons for the watershed are brilliantly laid out here by Dr Tim Morgan.
http://www.tullettprebon.com/Documents/strategyinsights/TPSI_009_Perfect_Storm_009.pdf
Debt, globalisation, phoney stats and energy.
There is no simple answer. Honest nationalists should be getting people to grasp the new realities and how best to live within them.
A society based on a hunger for more and more quantity got us where we are today. It was one of the main reasons for immigration and has turned minds into woolly socks in the hunt for a cheaper and cheaper thrill. The addiction served politicians well as long as quantity could be increased and they encouraged it.
The fundamentals are simple: our nation has been overspending for years and now we are being forced to live within our means. The blame for the overspending lies almost entirely with the Labour party who like spending taxpayer’s money when the economy is booming, rather than saving up for hard times to come. Incomprehensibly, Labour now think the government should spend it’s way out of the recession, creating even more debt while our credit rating is being downgraded!
The Tories have necessarily made cuts, but their prioritisation is questionable. They should have axed all the useless quangos created to keep Labour supporters employed when out of government, not to mention the cost of the EU.
The Tories are also working on the principle that the state sector has grown too large (it’s around 50% of our economy, but should ideally be nearer 20-25% like in Asian tiger economies). Since the private sector isn’t growing much, their big idea is to privatise the state sector. Hence their attempts to sell off our schools at a bargain prices to be operated privately. The problem with this strategy is that the newly “privatised” sector is really state funded so doesn’t affect the public:private ratio as they’d wish. However they can probably massage the figures to make it look like a sensible strategy.
Many years ago the National Front published a little inexpensive booklet called the Principles of Economic Nationalism or something similar. It would be good if the Brit Dems could do something similar.
It’s not surprising that after more than thirteen years of Griffinite neglect regarding matters economic, most Nationalists are completely unaware that there is a Nationalist alternative to the debt based banking system.
Under the current orthodoxy, all new money required to oil the wheels of production and consumption enters the economy as a debt that is created out of nothing by the private banking system.
The British economy is now in the position of debt saturation. Governments, businesses and most of all private individuals can no longer afford to pay their debts so the economy stagnates.
We Nationalist money reformers, inspired by the late John Tyndall have always said that all NEW money that is required in the economy should be created debt free. In this way the economy will receive the necessary purchasing power it requires, but without any accompanying debt. The money will be issued in line with inflation targets agreed between Government and the Bank of England.
If private banks can create our money out of nothing and charge us interest for its use, then Government with the co-operation of the Bank of England can surely create our money supply for us debt free.
Indeed most people are gulled into believing that this is the situation that we have currently. After these reforms, private banks would become genuine intermediaries lending from savers to borrowers. They would no longer be permitted to create our money supply. We are not in favour of bank nationalisation.
We do not say that these reforms are a cure all for the British economy, there would still be much to be done, but with these changes in place we would have firm foundations on which to build.
I know that our new British Democratic Party will have some very fair and sensible economic and very specific tax policies. This will avoid one of the big mistakes of the past . The old party never really had any economic policies and was thus just regarded as a pressure group and not a real political party. I hope that we are bold enough to adopt a policy of scrapping Inheritance tax. This will help us appeal to people of all ages and all walks of life. This is something else the old party never did. The notion that granny should be penalised for going without to leave her grandchildren something to help them is clearly wrong. As all money , in theory , has already been taxed the state has taken enough off people without doing it twice ! Especially on their death bed ! So , whether you are a prince or pauper vote British Democratic Party !
The system of tax credits (low wages topped up by the Government ) sounds great ! Low paid workers helped by the caring ‘New Labour’ Government of Tony Blair. Then you wake up and think, hang on a minute ! This just means the Government are SUBSIDISING BIG BUSINESS ! No wonder that Labour Government got lots of support from the Confederation of British Industry and many International Companies. This has been carried on by the CONLIB Government and now costs the country around Thirty Billion a year ! No wonder there is never a shortage of company donations to the Labour and Conservative Party funds ! ! !
(Party Member) I hope our party adopts the policy of totally scrapping the system of employers National Insurance Contributions. It is a tax on jobs. The more an employee earns the more it is levied, at very punitive rates. This keeps peoples incomes down and actually means they are less likely to be taken on in the first place. It’s abolition would create a massive increase in employment. Considering nine out of ten BDP policies would each save our Country literally Billions of Pounds, it is entirely affordable to do this. With the Budget fast approaching and also the need for our Party’s first General Election Manifesto, we need our economic package in place. At the end of the day most people vote on economic perceptions of political Party’s. One of the mistakes of the past was that Nationalist Party’s never had a coherent financial policy and were as such treated as a pressure group, not relevant at election time!