Pro-White Forum Article #46 12/29/01
 
FDR, Jews, and Banks
 
by James Buchanan
 
As often happens in history, the Republican Party had produced an ineffective moderate in the form of Herbert Hoover. Hoover was elected President in 1928, and less than one year later, the stock market crash of 1929 occurred, beginning the Great Depression. Hoover bungled his way through two years and ten months of the Great Depression failing to do anything to put the American economy back on track.  A number of glaring problems had existed literally for decades in America, such as the highly questionable basic foundation of the banking and monetary system. In 1913, President Woodrow Wilson effectively turned over America's monetary system to the Jews, in the form of the Federal Reserve Banking System. Sixteen years later, America was plunged into the worst Depression in world history. If Hoover had any character or backbone, he would have pulled America's monetary system out of Jewish hands, but Republicans are almost always far too cowardly to change extremely bad policies that the Democrats put into effect. Hoover's attempts to fix the economy after the 1929 crash were analogous to putting band-aids on a gun shot wound. Finally, in November 1932, Franklin Delano Roosevelt was elected President by a desperate nation, hoping that he would be less incompetent than Herbert Hoover.
 
The banking business has been heavily infested with Jews as far back as one cares to go for many years, bank accounts could disappear if a bank became insolvent. In a way, banking is like engaging in legalized theft. Let's say, in 1928, a thousand people each put a thousand dollars into Joe Gentile's Bank, which would make a million dollars in total deposits. A good rule of thumb in the banking industry is that you keep about 10% of your money effectively in cash so that you can handle ordinary withdrawals. Joe Gentile then decides to lend out $900,000 to nine hundred people, who need to borrow $1000 each for down payments on cars. Meanwhile, Izzy Goldnose is running a competing bank in the same town. Goldnose wants to steal customers from Joe Gentile so he starts spreading rumors that Joe Gentile's Bank is "insolvent" even though Joe Gentile is following the same banking procedures as Goldnose. Goldnose successfully panics the customers at Joe Gentile's bank. The customers rush in and demand all their money. Joe Gentile is able to pay off the first hundred people, who show up, since he has this much in cash, but then he needs an emergency loan from a larger bank. Meanwhile Izzy Goldnose calls up all the major banks in the state (most of which are owned by his relatives) and tells them that Joe Gentile is a bad banker. When Joe calls up all the larger banks, none of them will help him, and he declares bankruptcy. Nine hundred people lose their $1000 in savings, and Joe Gentile is ruined as a banker. The one hundred people, who pulled their money out, deposit their money in Goldnose's bank. Goldnose doesn't care about the 901 people, who were "Jewed" over by his crooked, dishonest tactics. He managed to get one hundred more people doing business at his bank. Eventually, Goldnose puts another ten Gentile banks out of business and earns a place in the Jewish book of "Who's Who."
 
The problem of panic runs on banks could have been solved by a central bank, whose job would be to make emergency loans to bail out guys like Joe Gentile. The central bank would lend Joe whatever it considered his existing loans to be worth. By making fairly conservative loans, Joe could keep himself 100% covered at all times. This would have been a fairly ideal solution since it would keep Joe Gentile in business, and it would discourage Joe from making a lot of high-risk loans. No one would lose their money, and the emergency loan would eventually be repaid, costing the taxpayers nothing. Unfortunately, FDR was President when this problem was tackled, and FDR created a "cure" that was worse than the "disease."
 
One of the worst things that could be done in solving the "panic" problem would be to eliminate the accountability of bankers. If bankers were allowed to make insanely high-risk loans, taxpayers could be saddled with billions in costs due to failed banks. FDR "solved" the bank scare problem with a typical "smoke and mirrors" liberal solution. FDR dictated that the FSLIC, an agency of the Federal Government, would insure every bank account in America up to $100,000. While this initially sounds good (as do many of FDR's schemes superficially), this insurance system is a serious failure in the real world of economics, which liberal politicians have never understood. A huge number of savings and loans did fail in the 1980s, and taxpayers got stuck with a huge bill, thanks to FDR.
 
As another example, let's consider Hymie Goldnose, a grandson of Izzy, who's running a bank in the 1980s. Hymie proceeds to lend out money at 30% to the government of Boogastan in the Third World. Hymie then pays a "generous" 5.5% interest to people, who put money in his bank. Tens of thousands of people rush to Hymie's bank and deposit their life savings. Hymie realizes that his loans are high risk and opens up a bank in Tel Aviv with a large chunk of the money from his bank in the U.S. Suddenly, there's a revolution in Boogastan. The previous government has fled, married White American girls, and bought luxury homes in Beverly Hills with the money that was supposed to build roads and power plants in Boogastan. Suddenly, Hymie flees to Israel with FDIC and FSLIC investigators on his heels. Due to the Israeli "Law of Return," however, Hymie (or any other Jew, who flees to Israel) can't be extradited back to the United States to talk about all the money that he siphoned off to create "Hymie's Bank of Tel Aviv."
 
During the 1980s, the fictional Hymie had a lot of real company. A large number of savings and loan institutions went down the drain, and the total amount of money that taxpayers had to cough up was 200 BILLION DOLLARS!! This is why FDR and all liberal politicians are about as dangerous to the economy as a monkey with a gun is dangerous to visitors of a zoo.