The psychology of American white supremacy is investigated in terms of various factors related to personal identity, which are considered vis-a-vis three fundamental questions: 1) Who am I?; 2) What should I strive to be?; and 3) What values are the best guides to living my life?. The role of mythology and the theological underpinnings of the white supremacist movement are discussed in detail. A psychodynamic interpretation is offered, in which the influences of unconscious fantasy, narcissistic rage, paranoia, sadism, and defence mechanisms such as projection and displacement are given particular focus. It is concluded that the white supremacist is fixated at an extremely primitive point in emotional development in which the perceived mortal threat posed by the despised racial "other" serves to increase the excessive sadism already present in the racist him or herself.