Yggdrasil's WN

At The Crest of the Tidal Wave

June 16, 2002

My last three posts have doubtless depressed many readers, as they set forth a case for an evolutionary psychology in Euro-Americans that is uniquely unsuited for survival when we mingle with alien races.

But in this post I have good news.

Robert Prechter's book, "At the Crest of the Tidal Wave" argues that we are at the crest of a tidal wave of change in the public mood that will stall or reverse a 200 year cycle of rising Western European prosperity, and along with that stalled prosperity, cause increased ethnocentrism, intolerance and anger. Based on current trends, I agree with the author.

It is a tidal wave which ultimately will destroy our European delusion of human equality and our deeply ingrained secular religion centered on the Universal Brotherhood of Man. It is a tidal wave that can very easily lead us to independence and self determination if we recognize the signposts and respond appropriately.

The author, Robert Prechter, is a genius with a habit of being four years early.

In 1978, with the Dow around 800, he predicted the start of a massive bull market that would carry the Dow above 3000 - a market call that sounded wildly improbable at the time - but a forecast which began to bear fruit in 1982. His prediction was set forth in his first book "The Elliott Wave Principle."

In 1996, he published "At the Crest of the Tidal Wave" predicting a grand supercycle bear market falling much further and lasting much longer than the bear market experienced during the great depression of 1929 through 1940.

Once again he was four years early.

In essence, Prechter argues that major price movements in the market are driven by the dynamics of crowd psychology and that the underlying changes in psychology have a predictable form. There are two types of price moves, an impulsive wave and corrective wave. The impulse wave consists of 5 smaller sub-waves - three in the primary direction interrupted by two corrective waves in the opposite direction. The corrective move is a three wave structure - two waves in the corrective direction and one in the direction of the primary trend. A complete cycle consists of 8 waves, a five wave impulse followed by a 3 wave correction.

For those of you interested in using the Elliott wave in your investing, I would suggest that you read his earlier work "The Elliott Wave Principle." It has a more rigorous exposition of the "rules" and "guidelines" which I find are useful primarily for picking entries and exits, there being more reliable methods of identifying and staying with trends.

But "At the Crest of the Tidal Wave" is about much more than just investing. In Prechter's words:

"Investors form a crowd whose collective action reflects a key aspect of man's nature as a social animal: He is strongly induced to adopt the feelings and convictions of the group. In a realm such as investing, in which so few are knowledgeable, the tendency toward dependence is virtually impulsive. As a result, market trends are steered not by rational decisions of individual minds but by the peculiar collective sensibilities of the herd. The pervasive dependence among its members produces an emotional interpersonal dynamic that, like all feedback systems, has form.

"One clear message of the wave principle is that collective man will enjoy the same successes and repeat the same mistakes over and over, with minor differences in specifics, throughout eternity, although each time from a higher level of advancement. Mistakes are repeated not because people fail to learn from history, as many contend, but precisely because they do learn from history, from recent history, their own experience. Home buyers from 1949 to 1989, for instance, learned that house prices only go up. This was a mistaken conclusion, but it was due to learning not badly, but well. The problem is that the data was limited mostly to personal experience. Social Patterns result partly from the fact that life span, and therefore the depth and breadth of individual knowledge, is limited."

Thus, Prechter argues that changes in the collective mood will produce price changes that necessarily conform to the basic 8 wave structure. But this insight is merely a repetition of R.N. Elliott's theories set forth in 1941. Far more important for our purposes is Prechter's own original insight, namely, that economic variables or "fundamentals" do not determine the direction of the market. Changes in the collective social mood occur first, and these cyclical changes in the social mood then drive the direction of the market, the direction of the underlying economy or "fundamentals," and finally, produce sweeping social and political change:

"The essential problem with conventional forecasts is the premise behind them. Almost everyone thinks that extramarket conditions control the future of the stock market and that the best way to forecast the market is to extrapolate such conditions indefinitely into the future. This approach never works for long, because it is the psychology behind the markets that creates the bottoms and tops. It is also the psychology behind the markets that creates economic and social conditions. These points are crystal clear once you grasp them, but they elude, and will always elude, the vast majority of investors, both public and professional. For instance, while the times today are historically positive, upbeat and optimistic, these facts are not harbingers of trends; they are the result of the trends forecast in the Elliott Wave Principle seventeen years ago. The reason there is a dearth of "gloom and doomers" today is that the future just feels too promising for most people to bet against, which is exactly why markets must be fully valued, and therefor approaching a top."

Finally, Prechter observes that the darkening of the social mood produces a falling stock market and ultimately, social upheaval:

"These data are of utmost importance in forming conclusions about the financial, social and political health of the United States. Much looks fine on the outside, but on the inside, a cancer has taken hold. The outward symptoms will become increasingly manifest as the Grand Supercycle bear market wears on, and dramatically manifest at the bottom of wave "C".

"Today's market patterns say that this debt buildup is about to resolve into a debt liquidation that will wreak havoc on the nation. "C" waves always expose at long last the weaknesses in the market's foundation, many of which are set in place at the pattern's outset but remain substantially hidden during the "B" wave. Besides the financial implications, which are the main focus of this book, the market's second concern ultimately will be social upheaval, which always accompanies "C" waves of this degree. Social psychology at the bottom will be the opposite of what it was at the top, and this change will have implications. For instance, the social programs that were put in place in the mid-1960's will undoubtedly be repealed at the end of the bear market.

"[T]he effects that a change in market trend will have on society are not in evidence at the start of the trend. They become intensely manifest by the time of its termination. . . . The coming trend of negative social psychology will be characterized primarily by polarization between and among various perceived groups, whether political, ideological, religious, geographical, racial or economic. The result will be a net trend toward anger, fear, intolerance, disagreement and exclusion, as opposed to the bull market years, whose net trend has been toward benevolence, confidence, tolerance, agreement and inclusion."

As you can see, Prechter's theory has tremendous explanatory value. It explains why Pat Buchanan's political popularity hit a peak during the 1991 recession and steadily withered away to almost nothing as the euphoria of the late 1990's wore on. It also explains why the issue of anti Euro-American racial quotas cannot be used successfully for direct mail fund drives or other organizational efforts. It explains why racism among Euro-Americans is so unpopular.

The Grand Supercycle bear market began in April of 2000. Thus far, it has been largely confined to the technology sector, and more recently to large cap blue chips. However, the Small Cap 600 and the Mid Cap 400 set all time record highs within the past two months and have now started to decline. So the bear market has barely begun, and thus far has hit only certain selected sectors of the market.

But it is time to put Prechter's theory into its historical or long term perspective, for while investors typically are concerned about waves that last a few months or years, the greatest social upheavals come at the end of the longer waves lasting several decades or several centuries, and thus the timing of the longer waves is much more important to us.

Because of our limited life spans, the longest wave of interest to an individual investor will be the wave of "cycle degree" consisting of an impulse wave up lasting from 16 to 21 years and a corrective wave down which may last from 3 to 5 years. A "supercycle" consists of three cycle degree impulses of about 16 years each with two intervening corrections of cycle degree consuming another 20 years total. Thus, a 5 wave impulse of supercycle degree will typically last from 55 to 89 years, to be followed by a correction of supercycle degree lasting from 13 to 21 years.

Thus, an 8 wave supercycle (consisting of impulse and correction both of supercycle degree) will last about 70 to 89 years. Our last correction of supercycle degree began with the crash of 1929 and was followed by the great Depression.

Five supercycle degree waves - three up and two corrective - comprise the a grand supercycle degree wave. The last correction of grand supercycle degree occurred with the near simultaneous crashes of the South Sea Bubble of 1720 in Britain and the Mississippi scheme in France (The tulip mania capped a supercycle advance that ended 80 years earlier). Stock markets essentially ceased to exist for 50 years following 1720. The first supercycle impulse wave up thereafter began in 1784.

Thus, the idealized grand supercycle wave will include an impulse wave lasting about 210 years and a correction of about 55 years, for a total of about 265 years.

The darkening of the social mood which occurs during each bear market of cycle, supercycle and grand supercycle degree governs, according to Prechter, far more than just stock prices. You will note that the American and French revolutions occurred at the end of the grand supercycle down wave extending from 1720 to 1784. Wars to enforce the secular religion of equality against dissenting nations seeking to abandon that religion occurred in 1860, following a very severe depression in the 1850's (the U.S. Civil War) and again in 1939, at the end of the depression of the 1930's (World War II).

Rebellions against the secular religion of human equality are cyclical and occur in conjunction with a darkening of the social mood and with economic contraction.

At a minimum, we are due for a grand supercycle downturn, meaning that the social unrest and political upheaval over the next 70 years will be orders of magnitude greater than those which provoked the U.S. Civil War or World War II.

Of even greater potential importance to us is the millennial wave, lasting from 800 to 900 years. For you mathematicians, 3*265 = 795 years. Throw in an extra 89 years or so for the millennial degree down wave which overlaps the third and final grand supercycle down wave, and we have an idealized duration for the millennial cycle of 800 to 900 years. Organized securities markets with published data did not exist 900 years ago, so we must date millennial cycles by monumental social and institutional changes. The collapse of the paradigm of centralized power during the fall of the Roman Empire and the collapse of the paradigm of decentralized local power with the weakening and disappearance of baronial armies during the Crusades (1100 to 1300) certainly qualify as logical end points of millennial waves. During this period from 1100 to 1300, Sir Arthur Keith's process of European tribal amalgamation began in earnest with the development of centralized state bureaucracies. The baronial rebellion at Runnimeade (Magna Carta) and the ethnic rebellion of Sir William Wallace (braveheart) were early examples of counter-trend reactions.

But more important, the military elite of barons and knights was transformed or replaced by an elite of rentiers, a trend that has accelerated exponentially over the last 800 years. At first they were rentiers of lands, but later became rentiers of money and risk.

This trend has accelerated to such an extent that by the end of the 20th Century, the lone superpower has banished manufacturing from its shores and based the bulk of its economy on "financial services," collecting fees, commissions and rents on a rapidly growing mountain of some thirty trillions in debt and 16 trillions in stocks, and charging premiums for insuring risks and collecting bid-ask "spreads" for issuing a hundred trillion in financial derivatives.

This rentier elite has become so confident of its power and so secure in its ability to extract continued rents, that in 1973 this elite rewrote all of the obligations it creates and accumulates so that they are no longer payable in gold or silver, but are pegged to an entirely imaginary unit of value that depends entirely upon the confidence of the buyers of the obligations they create. While there may be some tangible or physical collateral behind some of the obligations, those obligations are payable in an infinitely elastic unit of value capable, in times of systemic crisis, of infinite depreciation and trifilingly easy repayment.

It is John Law's Mississippi scheme writ large and on a global scale. And appropriately, it is called "globalization".

I should point out that we nationalists need only a down wave of supercycle degree to produce the systemic risks that will unwind this fantastical bubble. But like Prechter, I believe that the downtrend that is now upon us will be of far larger dimensions. I should also note that from a purely economic perspective, grand supercycle corrections are probably indistinguishable from and just as destructive as millennial wave corrections.

Organized securities markets can lose 90% or more of their value very quickly - typically in a few years. Thus, logically, a stock market cannot keep crashing for 70 years (grand supercycle) or 144 years (millennial cycle). Rather, it is the social transformations - the correction of delusional beliefs and the sweeping away of institutions which embody those beliefs and excesses that mark the end of longer wave corrections.

One must keep in mind that the social upheavals which most graphically mark the end of a down wave in the social mood of supercycle or grand supercycle degree often occur at the beginning of an upturn. For example, the French Revolution extended from 1789 through 1795, after the financial markets began to revive in 1784. Similarly, one might be tempted to conclude that a millennial cycle ended in the 20 years following 455 AD, as the Roman Army disintegrated. However, the disintegration of the Roman Army represented the largest and most important tax cut in the history of the planet. I would argue that this marked the middle of a grand supercycle advance following a down wave of Millennial degree. That final disintegration of the Western Roman Empire precipitated a "dark age" only in the sense that nobody was being taxed to support a class of scribblers, architects and sculptors extolling the greatness of the tax collecting elites.

Joseph Tainter sets forth an excellent discussion of the economics of the collapse of the Roman Empire in his classic "The Collapse of Complex Societies." He describes how expansion of the army and the empire was profitable and self financing during the Republic as new kingdoms were conquered and their treasuries were seized. This process ended with Octavian's (later, Emperor Augustus) conquest of Egypt. However, under the Principate (27 BC through 284 AD - Augustus through Diocletian) expansion stopped, and imperial resources were devoted to holding the empire together.

I would mark the Millennial degree down wave as beginning with visible signs of economic stress. Although Nero first debased the silver denarius by raising its base metal content to 10% in AD 64, I would date the beginning of the Millennial degree down wave with Marcus Aurelius in AD 161. During his reign, a devastating plague hit Europe which lasted 15 years and killed as much as a third of the population in some areas. Like Julius Caesar and Octavian before him, Marcus Aurelius began a series of wars against the Germanic tribes at enormous cost and failed to subdue them. Aurelius debased the denarius to 70% silver. He faced a shortage of recruits for the army and a shortage of agricultural labor to tax.

Following Aurelius' reign, things went from bad to worse. In the words of Tainter:

"The half century from 235 to 284 AD was a period of unparalleled crisis, during which the Roman empire nearly came to and end. The chief features of this time were foreign and civil wars, barbarian incursions, devastation of many provinces, increases in the size of the army and the bureaucracy, financial exigency and increased taxes, debasement of the currency, and unparalleled inflation.

"Central control over many provinces waned, and successful independent empires were temporarily established in several areas. Gaul (France), Britain, and Spain, for example, were independent from 260-74 . Semi successful revolts included those of Carausius and Allectus in the northwest (287-96), Domitianus and Achilleus in Egypt (279) and Zenobia in the east (267-73).

"This was a time of local disintegration. Lawlessness and banditry increased in places such as Sicily. Tenant farmers left the land, and there were numerous bands of brigands. Farmers in Egypt fled to the swamps of the Delta. In Gaul, rebellious bands formed called the Bagaudae.

"The population of the Empire, under the effects of ravaging of the countryside by both foreign and friendly forces, rampant inflation, and changing leadership, cannot have recovered from the plague outbreak of 165/166 to 180. The catastrophes of 235-84 fell on a declining population, which suffered further when the plague returned from 250 to 270 AD. The agricultural population of a province so essential as Gaul declined, either killed or captured by barbarians, or having deserted fields to join the bands of brigands. Town populations fell before and during the crisis, due to plague, pillage by armies engaged in civil wars or by barbarians, and the declining rural population."

Declining population is a sure sign of a Millennial wave, and is a subject to which will return shortly.

In all probability, a new but relatively weak supercycle upwave began shortly after the reign of Diocletian (284-305). We get a powerful hint of this in the final sentence of the following paragraph from Tainter:

"It was the coinage of everyday commerce that was debased, for this was the currency that the government used to meet its military obligations. In the 150 years prior to Diocletian's edict of 301, the value of Gold rose 45 times, the value of silver 86 times. The silver that once went into one denarius could now produce 150. The result was hyperinflation that must have disrupted local level commerce. In Diocletian's edict a pound of pork was fixed at 12 denarii. By 412 it cost 90 denarii. In Egypt, from which the best documentation has survived, a measure of wheat that in the first century A.D. sold for six drachmae had increased to 200 drachmae in 276 A.D., 9000 in 314, 78,000 in 324, and to more that 2,000,000 in 334 A.D. . . . Gradually, though, more and more gold solidi came into circulation, and the copper output was reduced. By the fifth century, the inflation was largely spent."

The Western Empire was doomed by 284 AD.

The devolution of power from the centralized state to local barons and war lords had begun.

The reforms and tax cuts by Diocletian and Constantine (288-337 AD), and particularly the issuance by Constantine of the gold solidus, which held its value for seven centuries, almost certainly mark the beginning of the first supercycle advance of a millennial wave which ended during the Crusades. The key point to understand was that this millennial wave of economic progress was characterized by the transfer of political power to local leaders, low taxation, and an almost complete absence of bureaucrats, scribblers, pundits and propagandists.

It has been 1800 years since economic catastrophe struck the Roman Empire, and 900 years since the beginning of the Crusades. Odds are that we are due for another down wave of millennial degree.

In many respects the stage has already been set, with the demographic and cultural drivers of impending collapse already firmly in place.

Prechter talks about the economic "cancer" of debt creation and the bundling of systemic financial risks which have accumulated during the past 60 years. But the most remarkable and unique aspect of the current supercycle advance is the obvious and catastrophic cultural decline that has accompanied it - a cancer with far more profound implications than the various financial bubbles he identifies in his book.

Those of us who are over age 50 have witnessed this cultural collapse first hand. Those younger than age 50 will have to read the chilling litany of statistics set forth in "The Bell Curve" which chronicles the current cultural collapse.

People follow moral codes which demand that they restrain selfish individual behavior not because such moral codes are just or fair according to abstract reason, but because of social pressure from members of a broader kinship group who's strength and survival depend upon that moral code being followed. Such standards of behavior are selected because individual self restraint is always necessary in order for the group to perpetuate itself over time. Likewise a degree of freedom is necessary within the group so that the group may adopt practices that allow it to adapt to changed circumstances. After all, the group's leaders are not always right, and individual freedom must exist to give substance to accepted patterns for challenging and occasionally replacing the group's leadership. Finally, belief in a supernatural god who codifies and enforces those self restraining rules is useful to cut off endless debate about the proper limits of the group's coercive power over the individual and the proper scope of unrestrained individual action and behavior.

Culture is the public expression of group continuity.

Destroy group identity and you get hedonistic behavior, falling birthrates and precipitous cultural decline, precisely what we have witnessed over the past supercycle advance since 1940.

During the collapse of the Roman Empire, the population decline was caused by disease and economic hardship imposed by imperial tax collectors. As soon as the pressure of disease, taxation and marauding bands eased, European population growth resumed. In contrast, the catastrophic decline in European and Euro American birth rates is entirely self imposed, and entirely a product of cultural decline.

Thus, there is no force visible on the horizon that could reverse the trend, other than a dramatic political and social response to economic collapse. And in this sense, it becomes clear that economic collapse and sweeping social change are both inevitable. There is simply no other way to stem the declining populations throughout the developed world.

The critical point here is that a millennial degree down cycle is consistent with the already existing trend of cultural collapse. One need not expect or await a new trend that does not yet exist.

Similarly, during the final half of the Twentieth century the World has experienced a dramatic expansion in ethnic nationalism and ethnic self determination and secession movements. Multi-racial and multi-ethnic states are splitting asunder. The most visible examples are the collapse of the Soviet Union and the splits and seccessions in Eastern Europe. Ironically, the most extreme example of this trend is the expansionist racial state of Israel, with its highly successful program of ethnic cleansing as a means of gaining additional territory, its announced policy of "first use" of its large nuclear arsenal, and its prohibitions against gentiles purchasing land within Israel.

It is an example that is certain to be followed by others, especially its innovative program for preventing public discussion of its aims and actions throughout the Western world.

Once again, the shape and direction of the millennial social changes can be determined with reference to a clearly existing trend which began in the final supercycle advance.

Very few in our modern world appreciate the extent of the economic and social threat posed by our declining populations. Again, this is a trend that is already in place, and nothing can be done about it in the next 30 years as all of the players in this unfolding drama have already been born. The Third World won't save us, as U.N. demographers predict that working age populations in Latin America, and the Indian subcontinent will level off and being declining in about 30 years.

We all seem to recognize that the state run retirement systems - Social Security in the U.S. - will be in deep trouble over the next 30 years because of demographics. This recognition is easy in part because the taxes are unpopular, and percentage pay replacement in retirement falls as career earnings rise. We understand that these programs are undergoing gradual repeal as governments falsify the inflation measures to which benefits are indexed. Since half the population of the G-8 is entirely dependent upon these programs for retirement and old age medical care, they are bound to be a source of immense political strain.

But the middle classes of the G-8 stubbornly refuse to recognize that the same demographics doom their beloved stock markets.

Falling populations mean fewer new houses, fewer cars, and thus much less steel, glass, rubber, plastic, and concrete. Falling populations mean less construction and less manufacturing. The United States is in a particularly precarious position, as it is dependent upon a huge financial services industry that is highly leveraged to growth in the capital and financing needs of these basic industries, many of which are overseas. The housing industry will contract to a very tiny shadow of its present self, for obvious reasons. There will be a chronic oversupply of existing houses unless the government begins purchasing and destroying them. In contrast, manufacturing - most of which we have exported to Asia - will contract much more slowly, with the decline in real output broadly matching the percentage decline in the population. However, with chronic excess capacity in manufacturing, the demand for financial services will collapse, as will employment in the financial industries which are so heavily concentrated in the U.S.

Declining production from a fixed investment base means declining profits and declining yields on invested capital as far as the eye can see. One can readily imagine that there will be demand for new technologies that make life easier for this declining population, all of which will require new investment. However, each capital project required to finance technological innovation will necessarily confront the certainty of falling demand in the future. There will be no long term trend of population growth to bail out bad or imprudent investments or absorb excess capacity. Thus, far less innovation is likely.

The population demographics will produce real deflation of massive proportions. Of course we are likely to experience nominal (dollar denominated) inflation of equal proportions as the government works to conceal the truth by printing more dollars.

Most severely impacted will be governments themselves, as tax revenues - depending as they do upon profits and income which are both highly leveraged to economic growth - fall precipitously. Joseph Tainter theorizes, in his book "The Collapse of Complex Societies," that collapse to a lower order of complexity typically will not occur if the consequence of collapse is conquest and subjugation by a competing society that is willing to continue to suffer the costs and diminishing returns associated with increasing complexity. Given competing societies of nearly equal power, collapse is unlikely as those competitors will continue to invest in increasing complexity to stave off the threat conquest and subjugation.

However, absent an expansionist competitor, collapse becomes the probable and sensible response to the excessive cost of government. Now that the U.S. is the sole superpower, it is free to collapse to a lower order of complexity and cost without fear of conquest, just as the old Soviet Union has done.

It is all so obvious, but we just do not want to see it.

The truly remarkable aspect of the grand supercycle corrective phase we have entered is how quickly the social mood is darkening.

Prechter notes that major wars and revolutions - the symptoms of the darkening of the social mood - tend to show themselves at the end of the down cycle, often just as the economy and the markets are beginning to improve. A particularly ominous aspect of this downturn is that the symptoms of a darkening social mood seem to be showing up very quickly - indeed they are showing up at a time when stock market valuations, home prices and other asset values are still at historically lofty levels.

The darkening social mood shows up most clearly in the adoption of genocide and ethnic cleansing by the inner party against their impoverished and weak Palestinian neighbors (a group from whom peace could be bought at an incredibly low price). The negative social mood deepens with Palestinian and Arab retaliation, including the 9-11 attack on the U.S. Most significantly, the inner party is rapidly losing its "sacred cow" status throughout those parts of the World they do not control, as European nations boycott Israeli goods and begin to reject Holocaust reparation claims.

At the same time, the corporate accounting scandals and the revelations that Wall Street analysts were issuing public "buy" recommendations on stocks they described in e-mails to one another as "pieces of crap" is beginning to shatter the confidence of the American outer party elites in our economic and governmental institutions.

And this is just the beginning.

Indeed, Bill Pierce has detected this dramatic shift in the social mood, and has become much more optimistic about the possibility of positive social change in his weekly radio broadcasts. And, of course, Bill is right. His "thinking people" will increasingly become more willing to listen to alternative views as the years pass.

The suddenness with which the public mood is changing alerts us to the possibility of a much more serious "correction" in the social landscape than most are capable of imagining.

The economic catastrophe confronting us has a simple root cause, and that is falling birthrates throughout the developed world. Reversing that decline will require an uprooting of the unnatural existing culture of hedonistic consumerism.

That is unlikely to be a frictionless process.

Sir Arthur Keith notes that parents are slaves to the raising of their children. Having raised four myself, I am compelled to agree.

It has become clear that in the aggregate, the reproductive impulse in European men and women is far too weak for our collective survival if reinforced only by the individual emotional satisfactions that come with having a child. One child is enough to absorb the nurturing impulse of a deracinated and atomized nuclear family, and for many a dog or cat will do quite nicely.

Men and women will make the sacrifice of raising children at or above the level of population replacement only when they have a strong commitment to the survival of their race and understand that self restraint and economic sacrifice are necessary to ensure group survival. Ultimately a social consensus must be forged in which the survival of our race becomes a paramount objective. At that point, having and raising children at or above replacement will be seen as a duty, and can be enforced with appropriate amounts of social pressure and moderate governmental incentives. Remarkably, the solution is broadly consistent with the already existing World wide trend toward ethnic separatism and self determination. All we need do is to harness that trend to remake (or restore, depending on your perspective) our culture and morality in ways that ensure our collective survival, and then the solution to the demographic problem should follow naturally, and without much debate or stress.

But we nationalists should not wait for economic catastrophe.

Our most important task at the moment is for us to connect socially in our local communities and build congregations of people who reject hedonistic consumerism in their everyday lives. These need to be congregations that share information, encourage large families, restrict their charity to fellow congregants, avoid doing business with our culture destroying enemies, and generally confer practical economic advantages during the hard times to come.

We need viable communities of orderly and relatively prosperous nationalists we can point to as examples to overcome the incredulousness of our own people who, though recognizing the problem as they inevitably must, will be reluctant to embrace radical change without first seeing an existing working model.


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