The Fire Rises at Deutsche Bank

Deutsche Bank Woes Sparks Concern Among German Lawmakers
At a closed session of Social Democratic finance lawmakers this week, Deutsche Bank’s woes came up alongside a debate over Basel financial rules, according to two people familiar with the matter. Participants discussed the U.S. fine and the financial reserves at Deutsche Bank’s disposal if it had to cover the full amount, according to the people, who asked not to be identified because the meeting on Tuesday was private.

While the participants -- members of the junior party in Chancellor Angela Merkel’s government -- didn’t reach any conclusions on the likely outcome, the discussion signals that the risks have the attention of Germany’s political establishment.

Merkel’s government is now maintaining a public silence on Deutsche Bank’s woes. For all the turmoil surrounding the bank, the topic didn’t come up at a 90-minute closed session of the German parliament’s Finance Committee with Schaeuble on Tuesday, participants said. The Finance Ministry in Berlin didn’t respond to phone calls seeking comment.

This Week in Reaction 2019-09-18 and Twitter Bans

Take a break from non-stop election chatter and check out the latest posts from across the Reactosphere: This Week in Reaction (2016/09/18). If you're busy, or not a frequent reader of NRx, it's a great way to stay caught up.

Also, the Twitter crackdown has begun. Glenn Reynolds of Instapundit was taken down (Update: he's back on after deleting the "offending" tweet), as was VoxDay (he's back on at the moment) and @SOBL1 of 28Sherman, he's back up with @28ShermanSOBL1.

Twitter also would not allow you to post a link to Vox's site using the .com address, saying it was spam, though that's not the case anymore. Whatever, Twitter. Unclear if that was Twitter or an SJW social media exploit.

And now YouTube has a cross between the prosumer and the Communist Youth League.

The purge of Reynolds was a stroke of luck for the dissident Right. What would have been a relatively silent purge outside of our circles is now front and center with the mainstream Right. It was also expected, as the Duck famously warned last year. His ride to Valhalla is immortalized here: Jokeocracy's Twitter Martyrdom.

It's also a blessing in the long-run. We can "Exit" into our jobs, families, local communities and various projects or hobbies, but the Left still controls the debate and discussion because it controls the mass dissemination of information. This election cycle has birthed new Right media, with the #SickHillary coverage pushed by Mike Cernovich becoming a major mainstream story. It still relies on Leftist-controlled outlets though. New platforms are being built, more are needed. A transition to gab.ai is underway, but Soundcloud shoahed The Daily Shoah.

In hockey, you skate to where the puck will be, not where it is now. Who will the Left be purging in 2018? 2020? 2024? The need for new platforms, and the market size, will only grow in the years ahead.

If you build it, they will come.


Assuming the Victory

The Alt-White and Alt-West wings of the Alt-Right have begun to clarify their positions. The fuel for the debate also appears to be Milo's promotion of his version of the Alt-Right, which both White and West disagree with.

Lawrence Murray discusses Milo’s Alt-Right
Perhaps we could call this Oscar Wilde nationalism. Naturally one would expect Milo’s paradigms to come across in his presentation of the Alt-Right, and they do.

Right out of the gate Milo seeks to minimize the share of White nationalists in the Alt-Right. He sees claims that the Alt-Right is heavily White nationalist as a variation of how leftists brand all of their enemies as “racist.” And they do brand all of their enemies as racist (as well as claim that people of color cannot be racist). But a racist is just a White person who is illiberal on identity issues. The Alt-Right views identity issues from a eurocentric perspective and believes in ethno-nationalism (not the “ideas” or magic dirt of propositional or civic nationalism). Hence if one truly is Alt-Right, on some level they must be sympathetic to if not outright in favor of White nationalism.
And the Alt-West agrees as explained by Vox: Of Alt-West and Alt-White
lt-White and Alt-West are largely in accord. They generally share a philosophy and a direction, but their priorities and perspectives are different. More importantly, with the possible exception of Christianity in the long term, there is very little reason for conflict between Alt-White and Alt-West, indeed, the distinction between the two eliminates the Alt-White's primary objection to the Alt-West, which is the possibility of being sidelined by the media and by the larger potential appeal of the Alt-West.




Blog Archive