Nazinomics

The ongoing centralization of the U.S. economy is the same as that of the Nazi era. What does that tell us about Bush-Bernanke-McCain-Obama-Paulson-Pelosi-Reid? (Via LewRockwell.com’s blog.)

See if this sounds familiar, from Gunter Reimann, The Vampire Economy: Doing Business Under Fascism (1939), p. 174:

The most serious financial problem for the Nazi State is not the danger of a breakdown of the currency and banking system, but the growing illiquidity of banks, insurance companies, saving institutions, etc. . . . Germany’s financial organizations are again in a situation where their assets which should be kept liquid have become ‘frozen’. . . . But the totalitarian State can tighten its control over the whole financial system and appropriate for itself all private funds which are essential for the further existence of a private economy. Yet the institutions which still exist as private enterprises are not allowed to go bankrupt. For an artificial belief in credits and financial obligations has to be maintained in open conflict with realities.