THE ROBERT W. WHITAKER ARCHIVE

NO, JOE, I DID NOT INSULT YOU | 2005-11-28

The last article ended with "You make me sick."

And it was a reply to Joe. Joe was trying to lay the blame on the media or the congress.

The critical sentence in the article was, "YOU in the sentences below refers to the electorate. "

I do not want Joe to be excusing the electorate.

No, Joe, congress is not to blame. The media is not the cause of our troubles.

No one is causing our sweet, strong people to become warped.

Aryans had power and can take power again. But only if they are allowed no excuses.

A HOUSING MARKET BUST? | 2005-12-14

On Stormfront Acushnet was talking about a coming crash after the wildly spiraling rise in real estate prices.

I normally don't discuss economics, but the first sentence of his piece made answering it irresistable to me.

He started off, "Is there an economist in the house?"

So I replied:

Yes, I am a professional economist and a former economics professor.

The first thing I would remind you of is the fact that you should not take that seriously. Any economist who really understood economics would be richer than Bill Gates.

But unlike other economists, I can do simple arithmetic and not get lost in some theory. In short, I have outgrown my college education.

As a simple matter of geometric progression, the boom in real estate will have to end.

It may end with a bust, or it could do what the stock market has done the last few years, just sit there. The stock market had a huge boom in the 1960's and just touched 1000, then it stagnated and never got back to 1000 again until 1982 or thereabouts.

The present Dow-Jones average of about 10,000 is likely to last a LONG time.

When that happens, money pours into real estate, as it did in the 1970s.

You know that the great stock market crash of 1929 was so sudden because invesments were heavily leveraged. You could buy a stock with only ten percent cash and ninty percent borrowed on the stock itself, called "buying on margin."

I never buy on margin, but after the Crash of 1929 the new rules only allowed a person a margin of thirty percent, so you had to have seventy percent of the price in cash. It was moved up to 50% in the 1960s and I don't know if it has been moved back to 70% since.

Whe money moves into real estate, it moves into a highly leveraged market. You can easily buy a house or an apartment with 30% cash and if you watch TV at all you know lenders are desperately trying to give out second and third mortgages that go as high as 100% of a house's value.

This is a formula for a crash.

The cushion real estate has that the stock market does not is that you can live in a house and you can't live in a stock. If a stock drops and you are margined out, you sell it. Not everybody who lives in a house on which he owes more than it's worth will sell it.

So one major determinant of whether the present real estate boom will end iwth a crash or a leveling out will be how many people are buying places to live in and which are speculators.

It is the speculators who can't make money in the stock market who are now moving into real estate.

And that is arithmetic talking, not an economist.

SUPREME COURT SAYS THAT IQ IS A LIFE AND DEATH MATTER | 2002-06-22

The Supreme Court has ruled that no retarded person may be executed.

The term "retarded" has only one definition

A person who is "retarded" has an Intelligence Quotient (IQ) below 70.

Until this decision, liberals insisted that tested IQ meant nothing. This is because, as "The Bell Curve" points out, black IQ is far below white IQ, and this difference is INBORN. So anybody who believes in IQ has, for two generations, been officially labeled anaziwhowantstokillsixmillionjews.

But now IQ is being used for a purpose which is favored by the political LEFT: the end of capital punishment. Suddenly the only people who would dare discount IQ tests would be naziswhowanttokillsixmillionjews. After all, HITLER was for capital punishment.

BUBBLES 2 | 2007-06-10

Now that WE are Bob's Blog, I can ventilate some. No longer is a Word From Bob Himself an excuse for someone here to desert us.

But this ventilating contains lessons. I have been in this game, determined ONLY to save my race, for fifty-five years. I have watched hundreds or thousands of people drift away from the cause in their little bubbles.

I THOUGHT I just watched AFKAN drift away in his bubble. My apologies to AFKAN. It was just Al Parker being cute. AFKAN will forgive me.

But my mistake would have been fatal before.

When this blog was just me, I was on a knife edge. People who swore they were dedicated above all to the survival of our race would get insulted and what they took as an insult to them or their pet bubble would cause them to instantly drop everything they had said they learned here.

I watch as Stormfronters leave our tiny group with our special mission to join a group collecting immigration petitions or hailing Ron Paul as Our Savior. There are MILLIONS of THEM, but our people deplete our tiny, historic ranks to get in on the Latest Big Thing.

I have spent fifty-five years watching one Latest Big Thing after another. To me the Jehovists who were saying that we could not plan for the long-term because if a Catholic were elected president in 1960 there would never be another election in America are as fresh in my memory as the Ron Paul for God crowd is now.

I know every bubble people drift off into from personal, raw, painful experience. From the obsession with uniforms of the man who founded WOL to the guy I described before I had worked with for half a century and who suddenly became a fanatical defeatist t those who would sell us out in an instant for the pope or their particular version of Jehovah and Traditional Values, I know ticking time-bombs when I see them. All of them have gone off in my face, repeatedly.

I was in at the founding of the Southern League, later the League of the South. Then it drifted off into a multicultural balloon. It had a Jehovist program. I saw that early and went along because I could use it until it blew away completely in its balloon.

I made my living off of the Goldwater-Reagan bubbles. I am fighting my fight on that money today. I get a little tired of people telling me Reagan was not the Real Revolution. I knew that going in.

I could tell you a hundred bubbles I watched people drift off in their balloons, and I could probably describe yours. But you will never regret the time you spent with me before your bubble took you away.