The first part of this chapter explicates the fairly recent “matrix of race” theory, and discusses its key components. It uses an intersectional lens to examine both the narratives and institutions of oppression. Individuals and social identity groups are all shaped by a range of social identities, both privileged and oppressed, and interact within specific institutional, historical and geographical locations. This theory is used to briefly examine the intertwined history of white supremacy and the organized white supremacist movement in the U.S. Then shifting to a more substantial discussion of the contemporary movement, each element of the matrix of race is applied. Today, the movement is at a peak, and the constructed boundaries between the far right and the mainstream are disintegrating. The current movement is well organized, and very strategic. It is bolstered by strong foundation financial support and the political context that legitimates hate speech and has given rise to high levels of hate crime and far-right domestic terrorism.